WEBVTT - Bloomberg Daybreak: July 8, 2022 - Hour 1 (Radio) 0:00:02.960 --> 0:00:06.160 Live from the Bloomberg Interacted Burger Studios. This is Bloomberg 0:00:06.280 --> 0:00:09.800 day Break for Friday, July two. Coming up this shour, 0:00:10.080 --> 0:00:13.800 former Japanese Prime Minister Shinzo Abe has died after being 0:00:13.840 --> 0:00:16.760 shot at a campaign event. Pressure amounts for Boris Johnson 0:00:16.800 --> 0:00:20.119 to accelerate his exit from office. Wall Street braces for 0:00:20.200 --> 0:00:23.479 the June Jobs report, and Twitter shares drop on doubt 0:00:23.560 --> 0:00:27.080 the Elon must takeover? Will ever happen? Former Winehouse Council 0:00:27.120 --> 0:00:30.640 Pat Sabloni appears before the January sixth panel. Plus another 0:00:30.760 --> 0:00:34.000 shark attack on Long Island by Michael Barr. More ahead, 0:00:34.159 --> 0:00:36.800 I'm trying to stash and sports the Yantes sixty win 0:00:36.880 --> 0:00:38.280 of the year. They beat the Red Sox in the 0:00:38.400 --> 0:00:40.640 first game played this year in Boston, an easy win 0:00:40.760 --> 0:00:46.720 for the myths. That's all straight ahead on Bloomberg Daybreak 0:00:46.960 --> 0:00:51.200 on Bloomberg eleven. For you on New York, Bloomberg one, Washington, 0:00:51.280 --> 0:00:54.600 d C, Bloomberg one oh six one, Boston, Bloomberg nine 0:00:54.680 --> 0:00:58.800 sixties and Francisco Syrius XM one nineteen and around the 0:00:58.840 --> 0:01:02.120 world on Bloomberg Radio dot Com and via the Bloomberg 0:01:02.160 --> 0:01:10.280 Business Act. Good morning, I'm Nathan Hagar and I'm Karen Moscow. 0:01:10.400 --> 0:01:13.400 U Snock Index futures are lower this morning. We're coming 0:01:13.480 --> 0:01:15.280 up to find one on Wall Street, and we checked 0:01:15.280 --> 0:01:17.800 the markets every fifteen minutes throughout the trading day. On 0:01:17.880 --> 0:01:21.800 bloomberg SMP futures down sixteen points this morning, DAL futures 0:01:21.840 --> 0:01:24.920 down a hundred ten Nasdack futures down sixty two. The 0:01:24.959 --> 0:01:27.880 ten year treasury of five thirty seconds yield two point 0:01:27.959 --> 0:01:30.240 nine seven percent, and they yield on the two year 0:01:30.680 --> 0:01:33.400 is at three percent. Nathan al Right, careen, we begin 0:01:33.520 --> 0:01:37.120 this morning with breaking news following a violent attack in Japan. 0:01:37.319 --> 0:01:41.399 Former Prime Minister Shinzo Abe has died after being shot 0:01:41.480 --> 0:01:45.000 during a campaign event. That's according to Japanese broadcaster NHK. 0:01:45.240 --> 0:01:49.320 We get more from Bloomberg's Jared Reedy in Tokyo. The 0:01:49.360 --> 0:01:52.160 reaction from the people here would be I think I 0:01:52.160 --> 0:01:54.880 would term that those shock. These kind of events are 0:01:55.200 --> 0:01:58.000 extremely rare for this kind of thing to happen in 0:01:58.000 --> 0:02:00.400 a country where normally, you know, the Paul Picks are 0:02:00.480 --> 0:02:02.720 quite stayed on, where there really wasn't a lot of 0:02:02.840 --> 0:02:06.560 interest and stuff that's going on sometimes absolutely extraordinary, and 0:02:06.600 --> 0:02:10.040 of course Glenn Crime here is extremely rare. Bloomberg scared 0:02:10.080 --> 0:02:12.079 reading reports from Tokyo that the forty one year old 0:02:12.120 --> 0:02:15.040 suspect has been arrested. That man told police he wanted 0:02:15.080 --> 0:02:18.080 to kill Abe because he was frustrated with the former premier. 0:02:18.440 --> 0:02:21.919 Abe reportedly died after being shot from about ten feet 0:02:21.919 --> 0:02:25.480 away with what appeared to be a homemade firearm. Well meantime, 0:02:25.480 --> 0:02:28.360 in the UK, Nathan pressure is building on Boris Johnson 0:02:28.400 --> 0:02:31.920 to the relinquished power sooner. His Conservative Party wants to 0:02:32.000 --> 0:02:34.799 speed up the contest to choose Johnson's successor by the 0:02:34.880 --> 0:02:38.600 end of the summer. Bloomberg's Lizzie Burden, reporting from Westminster, 0:02:38.720 --> 0:02:41.800 has more it's a wide open race at the moment. 0:02:42.160 --> 0:02:45.560 The front runners are driven by those with military experience 0:02:45.600 --> 0:02:49.280 and credentials, so the Defense Secretary Ben Wallace, the former 0:02:49.400 --> 0:02:53.040 Defense Secretary Penny Moredument, and also Tom Tooganhart who has 0:02:53.080 --> 0:02:56.079 never held a senior cabinet position but how served in 0:02:56.120 --> 0:02:59.359 the armed forces. Of course, because of the war in Ukraine, 0:02:59.639 --> 0:03:02.760 they taking the spotlight. But we're also in the midst 0:03:02.760 --> 0:03:04.800 of a cost of living crisis here in the UK, 0:03:04.960 --> 0:03:08.480 so that lends the limelight to the former Chancellor Rishi, 0:03:08.600 --> 0:03:12.200 Sunac and Bloomberry Slezzie Burden says Boris Johnson is hoping 0:03:12.200 --> 0:03:14.760 to stay on for at least three more months. Well 0:03:14.760 --> 0:03:17.840 back here in the US, Karen relations with China are 0:03:17.880 --> 0:03:21.160 in focus, and today President Biden meets to discuss possible 0:03:21.200 --> 0:03:25.079 reductions in US tariffs on Chinese goods. Amy Morris has 0:03:25.120 --> 0:03:29.520 details from our Bloomberg newsroom in Washington. Sources tell Bloomberg 0:03:29.560 --> 0:03:32.440 News that today's meeting revolves around whether to remove some 0:03:32.520 --> 0:03:36.080 Trump era levies on three hundred billion dollars in Chinese imports. 0:03:36.280 --> 0:03:39.760 Reducing those tariffs is seen as a potential weapon against inflation. 0:03:40.000 --> 0:03:43.680 Treasury Secretary Tenant Yellen and Commerce Secretary Gina Ramando have 0:03:43.880 --> 0:03:47.000 said that it could help, but ending tariffs on Chinese 0:03:47.080 --> 0:03:51.080 goods won't help Americans where higher prizes hurt the most, food, fuel, 0:03:51.160 --> 0:03:55.400 and housing. Yellen, Ramando and Trade Representative Katherine Tye will 0:03:55.440 --> 0:03:59.960 not attend today's meeting in Washington. I'm Amy Morris, Bloomberg Daybreak, right, Amy, 0:04:00.080 --> 0:04:02.440 thank you. Turning to the economy now, we are less 0:04:02.480 --> 0:04:04.720 than three and a half hours away from the June 0:04:04.760 --> 0:04:08.160 jobs report. Economists say hayroll gains will slow after the 0:04:08.200 --> 0:04:10.880 FED raised interest rates and we get more from Bloomberg's 0:04:10.920 --> 0:04:13.920 Muchael McKee, The consensus view is FED officials will be 0:04:13.960 --> 0:04:17.920 pleased by the June jobs report, Hiring slowing but still strong, 0:04:18.200 --> 0:04:23.200 unemployment essentially unchanged, and wage pressure is easy. An unfecast 0:04:23.240 --> 0:04:27.080 result would likely leave Wall Street investors reasonably satisfied as well. 0:04:27.600 --> 0:04:29.720 The question is what happens if we get an extremely 0:04:29.760 --> 0:04:33.680 strong or extremely weak report. The central bankers have suggested 0:04:33.680 --> 0:04:36.440 a strong report won't change their plans for what will 0:04:36.480 --> 0:04:39.400 likely be another three quarter percentage point increase at the 0:04:39.480 --> 0:04:42.560 end of the month, but expect volatility of weak numbers 0:04:42.640 --> 0:04:47.080 lead investors to increase bets on recession. Michael McKee, Bloomberg Daybreak, 0:04:47.400 --> 0:04:49.800 Mike thanksful. Two of the feds most hawkish members are 0:04:49.839 --> 0:04:52.000 coming out and support a bigger rate hikes. Here's FED 0:04:52.040 --> 0:04:55.680 Governor Christopher Waller. I'm definitely in support of doing another 0:04:55.720 --> 0:05:00.840 seventy five based point high in July, probably fifty in September, 0:05:00.880 --> 0:05:03.000 and then after that we can debate whether to go 0:05:03.160 --> 0:05:07.560 back down to FED Governor Christopher Waller made those comments 0:05:07.560 --> 0:05:10.279 at an event hosted by the National Association for Business 0:05:10.279 --> 0:05:13.919 Economics ST Louis FED President Jim Bullard's also calling for 0:05:13.960 --> 0:05:17.040 a seventy five basis point rate hike this month. If 0:05:17.080 --> 0:05:21.320 we don't get the inflation under control, inflation expectations could 0:05:21.400 --> 0:05:25.680 become unmoored, and if that happened, then you get this 0:05:25.839 --> 0:05:29.440 long and complicated tangle like we did in the seventies. 0:05:29.640 --> 0:05:32.239 Both Bullard and Waller are voting members of the Federal 0:05:32.320 --> 0:05:35.320 Open Market Committee this year. Well. Turning to corporate news, 0:05:35.320 --> 0:05:37.800 now Nathan Shares a Twitter down more than four percent 0:05:37.880 --> 0:05:40.840 in early trading. There's more concerned that Elon must propose 0:05:40.920 --> 0:05:44.200 acquisition of the social media company is falling apart. To 0:05:44.279 --> 0:05:46.560 get the latest from Bloomberg and Ali Bossak, who was 0:05:46.920 --> 0:05:51.359 at this week's tech conference in Sun Valley. Twitter CEO, CFO, 0:05:51.680 --> 0:05:54.760 and board chair are all here at a small meeting 0:05:54.920 --> 0:05:57.760 of elite investors. Now, there's a concern that the deal 0:05:57.800 --> 0:06:00.640 for Elon must have buy Twitter maybe in jeopardy, as 0:06:00.640 --> 0:06:03.719 he's concerned about bots and has stopped talks with a 0:06:03.839 --> 0:06:08.080 key potential investor. According to the Washington Post. However, investors 0:06:08.120 --> 0:06:10.880 at Sun Valley also believe that Elon Musk maybe looking 0:06:10.880 --> 0:06:14.080 to renegotiate the deal, especially given that Twitter stock right 0:06:14.320 --> 0:06:17.599 has fallen so far. I'm Shinnali Bassek in Sun Valley 0:06:17.600 --> 0:06:20.919 for Bloomberg News and Bloomberg Shonali Boss and sun Valley 0:06:20.960 --> 0:06:24.239 says Muskee Slater to speak at the conference tomorrow. Shares 0:06:24.279 --> 0:06:26.880 of game Stop Karen are also following in early trading 0:06:26.880 --> 0:06:30.200 the damn nearly six percent on a key executive departure. 0:06:30.279 --> 0:06:32.560 Let's get more on that Live from Bloomberg's Unita Young, 0:06:32.560 --> 0:06:35.560 Good morning Grenada, Good morning, Nathan. Game Stop fired at 0:06:35.600 --> 0:06:38.839 CFO Mike recooper Ro yesterday. He was one of the 0:06:38.920 --> 0:06:42.479 several Amazon employees that game Stop had recently hired in 0:06:42.520 --> 0:06:45.880 an effort to shift its focus from physical storefronts to 0:06:46.040 --> 0:06:49.920 e commerce. But Bloomberg sources say Recooperro was fired because 0:06:49.920 --> 0:06:53.120 he was not hands on enough and treated game Stop 0:06:53.160 --> 0:06:56.400 as if it were Amazon. The current chief accounting officer 0:06:56.560 --> 0:06:59.719 will replace him. The company is attempting to turn around 0:06:59.760 --> 0:07:03.240 a business that's been hit by shifting gaming demands and 0:07:03.360 --> 0:07:06.479 a troubled market. Live in New York, I'm reneed a 0:07:06.520 --> 0:07:09.159 Young Bloomberg Daybreak, Thanks for neat to Bloomberg Daybreak, brought 0:07:09.160 --> 0:07:11.200 to you by Informatica and the cloud. Your data has 0:07:11.240 --> 0:07:13.680 the power to do the extraordinary. Managed data across any 0:07:13.720 --> 0:07:16.520 location in the cloud for accurate and actionable insights. More 0:07:16.600 --> 0:07:23.680 at Informatica dot com. This is Bloomberg and it's now 0:07:23.720 --> 0:07:25.600 five oh seven on Wall Street, where at sixt eight 0:07:25.640 --> 0:07:28.840 degrees in Central Park we're already saying thirty minute delays 0:07:28.880 --> 0:07:31.520 in the inbound upper level of George Washington Bridge. You 0:07:31.560 --> 0:07:35.320 can thank Overnight Construction for that. More details coming up 0:07:35.320 --> 0:07:37.720 in traffic. First Michael Barr with what else is going 0:07:37.760 --> 0:07:39.680 on once you get in New York and around the world. 0:07:39.800 --> 0:07:42.560 Good morning, Michael, Good morning. Nathan. The star witness appears 0:07:42.600 --> 0:07:45.960 before the U. S. House Committee investigating the US capital attack. 0:07:46.400 --> 0:07:48.520 It will be a private meeting, but it good set 0:07:48.560 --> 0:07:51.560 the stage for the rest of the investigation. The committee 0:07:51.600 --> 0:07:54.320 had been leaning on Pat Sapoloni the Trump White House 0:07:54.320 --> 0:07:57.960 Council to appear for weeks. A Fire Island lifeguard was 0:07:58.000 --> 0:08:00.880 bitten by a shark on Long Island, US today, possibly 0:08:00.880 --> 0:08:03.600 the third such attack in the past week. The lifeguard 0:08:03.640 --> 0:08:06.320 was bitten near his left foot while conducting a training 0:08:06.360 --> 0:08:09.360 exercise about a hundred fifty to two hundred yards from 0:08:09.360 --> 0:08:12.960 the shoreline. He was treated and released. The Biden administration 0:08:13.040 --> 0:08:15.760 says it's still working the free w n B A 0:08:15.840 --> 0:08:19.000 star Britney Grinder, now that she's pleaded guilty to the 0:08:19.080 --> 0:08:22.480 Russian drug charges against her. Grinder told the Russian court 0:08:22.560 --> 0:08:25.240 she didn't mean to put a vapor cartridge containing drugs 0:08:25.240 --> 0:08:28.000 in her suitcase when she flew to Russia. She could 0:08:28.080 --> 0:08:30.480 be sentenced to ten years in prison. White House Press 0:08:30.520 --> 0:08:33.640 Secretary Karene Jean Pierre says they are still trying to 0:08:33.679 --> 0:08:37.240 free her. Clearly, we cannot negotiate in public. That is 0:08:37.480 --> 0:08:40.079 not something that we're going to do, but we are 0:08:40.080 --> 0:08:42.840 committed to making sure they all get home safely. Press 0:08:42.880 --> 0:08:46.079 Secretary Karine Jean Pierre also says they're working is hard 0:08:46.160 --> 0:08:49.400 to free American Paul Wheeland, a man who was convicted 0:08:49.400 --> 0:08:51.800 of murder in connection with the twenty nineteen shooting death 0:08:51.840 --> 0:08:54.160 of a New York City police officer, was sentenced to 0:08:54.320 --> 0:08:57.520 at least thirty years in prison. The Queen's County District 0:08:57.520 --> 0:09:00.840 Attorney says twenty eight year old Jagger Freeman planned the 0:09:00.920 --> 0:09:05.240 hold up that resulted in Detective Brian Simons deaths. The 0:09:05.440 --> 0:09:10.000 second officer was also wounded. Former Minneapolis police officer Derek 0:09:10.120 --> 0:09:12.920 Chauvin has learned his fate and a federal plea deal 0:09:13.120 --> 0:09:16.760 for violating George Floyd's civil rights. Chauvin is already serving 0:09:16.760 --> 0:09:20.200 a lengthy sentence for killing Floyd, and he's been sentenced 0:09:20.240 --> 0:09:22.640 to a little more than twenty years in a federal prison. 0:09:23.000 --> 0:09:27.400 During sentencing hearing, Chauvin offered no apology. George Floyd's father, 0:09:27.640 --> 0:09:31.640 flon a brother, brother Felonis, spoke outside the courthouse after 0:09:31.679 --> 0:09:34.640 the hearing. You will about here to serve and petit 0:09:34.960 --> 0:09:38.280 because that's your job title, to server petit. But I 0:09:38.320 --> 0:09:41.360 didn't see that that day. All I see was my 0:09:41.559 --> 0:09:46.320 brother taken away. All I seen with his last breath, 0:09:46.800 --> 0:09:49.360 All I see with him screaming out to my mom. 0:09:49.920 --> 0:09:53.040 Felonis Floyd. Global News twenty four hours a day on 0:09:53.120 --> 0:09:55.920 air and on Bloomberg Quicktake, powered by more than twenty 0:09:56.000 --> 0:09:58.720 seven hundred journalist and analysts more than a hundred twenty countries. 0:09:59.040 --> 0:10:06.400 Michael Barr, this is Bomberg. Nathan. Thanks Michael, got up 0:10:06.440 --> 0:10:08.920 to five town Ball Street time for the Bloomberg Sports Update. 0:10:08.960 --> 0:10:11.120 Good morning, John Sessha, All right, good morning Nathan and 0:10:11.160 --> 0:10:13.319 the Yankees first game this season in Boston, they get 0:10:13.320 --> 0:10:14.960 their sixty at the win of the year. They didn't 0:10:14.960 --> 0:10:18.640 even use Aaron Judge or Anthony Rizzo, both nursing minor injuries. 0:10:18.760 --> 0:10:20.640 That's fifty two home runs on the bench. But the 0:10:20.679 --> 0:10:23.440 Yanks got a third in the Grand Slam from Josh Donaldson. 0:10:23.520 --> 0:10:25.640 Aaron Hicks followed with a solo shot. That's two guys 0:10:25.679 --> 0:10:28.200 who have not hit well this season. They both now 0:10:28.280 --> 0:10:30.120 homer and back to back games. The Yanks led five 0:10:30.160 --> 0:10:32.600 to nothing, later six to two, and they held on 0:10:32.640 --> 0:10:35.319 to win six five. The Red Sox. Raphael Devers did 0:10:35.400 --> 0:10:38.240 his party, drove in all five, hit two homers off 0:10:38.240 --> 0:10:40.559 Garrett Cole, who Deva's own as he's had six off 0:10:40.640 --> 0:10:43.600 Cole in his career, leaving the Yankee Eates wondering what 0:10:43.640 --> 0:10:49.439 he has to do against ever. Pretty it's pretty wild. 0:10:49.480 --> 0:10:50.920 He's just been able to hit every I mean, this 0:10:51.120 --> 0:10:53.360 just hasn't been a misship, you know, like roll over 0:10:53.400 --> 0:10:59.480 one time, like line out one time. I mean, so um, 0:10:59.520 --> 0:11:01.640 you know, bus it's supposed to fail seven out of 0:11:01.679 --> 0:11:03.120 ten times in this gig. I don't know what the 0:11:03.160 --> 0:11:05.320 deal is. Hold that everyone else out got his eighth win. 0:11:05.400 --> 0:11:08.880 Clay Holmes is sixteenth, saying the Yankees are fifteen games 0:11:08.880 --> 0:11:10.720 ahead of the Red Sox. At SENDI failed the easy 0:11:10.720 --> 0:11:13.160 one for the Mets, tend nothing over the Marlins light 0:11:13.240 --> 0:11:15.719 the Yankees production from guys who have struggled to J. D. 0:11:15.880 --> 0:11:19.600 Davis Grand Slam, Brian McCann three run Homer and Trevor Williams, 0:11:19.640 --> 0:11:22.480 who came in just one in five Pearl seven scoreless 0:11:22.480 --> 0:11:24.040 and he's load only two hits, no walks to be 0:11:24.080 --> 0:11:27.439 struck out. Seven men's semifinals today had wimbled them but 0:11:27.480 --> 0:11:30.400 only one match. Novack Jocovis takes on the South African 0:11:30.520 --> 0:11:34.600 Cameron Norry. The much anticipated match between rap Field at 0:11:34.640 --> 0:11:36.800 All and the Ausete Nick Rios is off. The DAAL 0:11:36.920 --> 0:11:39.920 had to pull out with an abdominal injury. Women's final tomorrow. 0:11:39.920 --> 0:11:42.599 A couple of relative unknowns on Joe Burrow of Tunisia 0:11:42.880 --> 0:11:46.920 and Elena Rybakina of kazakhstand, John Stash Downward Bloomberg sports 0:11:47.000 --> 0:11:49.600 name okay, John, thank you right now. SMP futures are 0:11:49.640 --> 0:11:52.040 down twenty points, staff futures down a hundred thirty three. 0:11:52.080 --> 0:11:56.120 NESSACS futures are lower by seventy seven points up next 0:11:56.200 --> 0:11:59.880 will get the latest from Tokyo the death former prim 0:12:00.400 --> 0:12:07.920 Shinzo Abe. Bloomberg's Karoomy Morty joins us next Bloomberg eleven 0:12:07.960 --> 0:12:10.079 three oh Weather turning probably to mostly cloudy today with 0:12:10.160 --> 0:12:13.800 highs in the upper eighties, low eighties, sunny and less 0:12:13.880 --> 0:12:17.160 humid tomorrow. It's gonna be a nice weekend right now 0:12:17.800 --> 0:12:24.120 sixty degrees in Central Park. Markets, headlines and breaking news 0:12:24.240 --> 0:12:26.800 twenty four hours a day at Bloomberg dot Com and 0:12:26.880 --> 0:12:31.000 Bloomberg Business Atland. At Bloomberg Quick Tape, He's a Bloomberg 0:12:31.080 --> 0:12:40.000 Business Flash and I'm Camra a Moscow US knock Indix 0:12:40.080 --> 0:12:43.600 futures and European equities are lower following news former Japanese 0:12:43.640 --> 0:12:46.960 Prime Minister Shenzo Abe was shot dead, and as investors 0:12:47.000 --> 0:12:50.000 await employment data to gage whether the world's largest economy 0:12:50.040 --> 0:12:52.920 can avoid a recession. We checked the markets every fifteen 0:12:52.920 --> 0:12:55.599 minutes throughout the trading day on Bloomberg S and P 0:12:55.800 --> 0:12:58.960 futures down twenty points down, futures down a hundred thirty two, 0:12:59.040 --> 0:13:02.400 nowsday futures down eighty one the decks in Germany's down 0:13:02.440 --> 0:13:05.560 half percent. Ten year treasury up to thirty seconds held 0:13:05.559 --> 0:13:07.760 two point nine eight percent. They yield on the two 0:13:07.840 --> 0:13:11.079 year three point one percent nine mex Screwed oil is 0:13:11.080 --> 0:13:13.360 down three quarters of a percent, down seventy six cents 0:13:13.400 --> 0:13:16.320 and a hundred one dollars ninety eight cents of barrel comes. 0:13:16.360 --> 0:13:18.440 Gold is down three tenths per cent, or four dollars 0:13:18.520 --> 0:13:22.000 ninety cents at seventeen thirty four eighty announced, the euro 0:13:22.120 --> 0:13:25.440 one point one zero against the dollar, British found one 0:13:25.440 --> 0:13:28.040 point one nine four two and the unit one thirty 0:13:28.040 --> 0:13:30.680 five point eight five. And looking at bitcoin this morning, 0:13:30.679 --> 0:13:33.640 it's down one point one percent at twenty one thousand, 0:13:33.720 --> 0:13:36.199 three hundred sixty dollars and the Dune jobs report is 0:13:36.240 --> 0:13:38.920 at a eight thirty wall straight time as a Bloomberg 0:13:38.920 --> 0:13:41.480 business flash. Now here's Michael Barr with more on what's 0:13:41.520 --> 0:13:44.760 going on around the world. Munchael, Good morning, Good morning, Karen. 0:13:44.800 --> 0:13:48.720 As you mentioned, former Japanese from innister Zo Abe has died. 0:13:48.760 --> 0:13:52.240 According to n H k Abe died in a Japanese hospital. 0:13:52.320 --> 0:13:56.199 Lefty was shot during a campaign stop. Today Cabinet officials 0:13:56.240 --> 0:13:59.160 will meet to discuss a response. The man who attacked 0:13:59.160 --> 0:14:01.880 Abe has been arrested, and of course we'll have more 0:14:02.240 --> 0:14:04.959 on this story in a few moments. In baseball, the 0:14:05.000 --> 0:14:08.040 Yankees be the bred Sox six five Mats one. Orioles 0:14:08.080 --> 0:14:11.480 also won. The Nationals lost along with the Giants. Global 0:14:11.520 --> 0:14:14.520 News twenty four hours a day on airand on Bloomberg Quicktake, 0:14:14.800 --> 0:14:17.880 powered by more than und journalists and analysts more than 0:14:17.920 --> 0:14:21.040 a hundred twenty countries. Michael Barr and this is Bloomberg. 0:14:21.080 --> 0:14:23.240 Nathan alright, Michael, thank you. It is five nineteen on 0:14:23.280 --> 0:14:26.280 Wall Street Live from the Bloomberg Interactive Broker Studios. This 0:14:26.400 --> 0:14:29.120 is Bloomberg Daybreak as we continue following the breaking news 0:14:29.120 --> 0:14:32.720 out of Tokyo and confirmation that former Prime Minister Shenzo 0:14:32.800 --> 0:14:36.880 Ambe has died after being shot at that campaign stopped. 0:14:36.920 --> 0:14:40.360 Doctors in Tokyo say he was brought in in grave 0:14:40.480 --> 0:14:43.800 condition and was pronounced dead a little more than an 0:14:43.800 --> 0:14:48.000 hour ago. Bloomberg's Karum Mori joins us live from outside 0:14:48.040 --> 0:14:51.920 the hospital in Tokyo where Japan's longest serving prime minister 0:14:52.480 --> 0:14:57.320 was being treated. Just shocking developments in the last few 0:14:57.360 --> 0:15:01.560 minutes here, karom Yeah, that's right. I'm actually in not 0:15:01.680 --> 0:15:05.560 a medical university hospital right outside of the building. Uh, 0:15:05.600 --> 0:15:08.560 this is where Prime Minister Abe had been camp scene 0:15:08.640 --> 0:15:11.080 in earlier in the day, where about four hours away 0:15:11.240 --> 0:15:16.440 west from Tokyo. UH just left the press conference where 0:15:16.520 --> 0:15:19.040 the head of the hospital and the e R doctor 0:15:19.080 --> 0:15:22.440 in charge of treating Abbe was just speaking. The doctor 0:15:22.480 --> 0:15:25.000 to Kushima, who was that e ER doctor had said, 0:15:25.520 --> 0:15:29.320 UH that Prime Minister Shinzo Abe was declared dead a 0:15:29.360 --> 0:15:32.320 former prime minister. She was declared dead at five o 0:15:32.520 --> 0:15:36.160 three pm local time. He was brought into the hospital 0:15:36.200 --> 0:15:38.840 and at that time he was under cardiac arrest, so 0:15:38.920 --> 0:15:43.320 already unconscious, UM, and his heart had stopped. They're offering 0:15:43.320 --> 0:15:47.120 their condolences. UM just adding that the bullet had unfortunately 0:15:47.120 --> 0:15:50.080 tiers to his heart. We learned earlier in the day 0:15:50.120 --> 0:15:55.120 that he campaign shows supporting the LVT. At sixty seven 0:15:55.200 --> 0:15:58.200 years old, you know, UM, he was still part of 0:15:58.320 --> 0:16:02.280 a powerful send the Japanese politics. He was leading the 0:16:02.360 --> 0:16:06.160 largest faction in ruling l v P. He was shot 0:16:06.240 --> 0:16:10.840 from the back. Again. Security was not too terribly tight, 0:16:11.120 --> 0:16:16.560 Japan being low crime rate country and gun violence being 0:16:16.880 --> 0:16:19.920 very rare here in Japan. But all of this really 0:16:19.960 --> 0:16:23.720 taking place two days before the Upper House election. UM, 0:16:23.760 --> 0:16:27.440 that will happen on Sunday, July tenth, this weekend. Um. 0:16:27.480 --> 0:16:31.120 But again yeah, getting this confirmation now that he has 0:16:31.560 --> 0:16:35.320 unfortunately passed, who survived by his wife Kada, who we 0:16:35.360 --> 0:16:38.760 saw had walked into the hospital just hours earlier. This 0:16:38.920 --> 0:16:41.000 just has to be sending a shutter through the country, 0:16:41.320 --> 0:16:44.360 given that, as you say, a violence of really any kind, 0:16:44.440 --> 0:16:47.440 much less gun violence is so rare in Japan, and 0:16:47.480 --> 0:16:50.440 coming so close to an election day, What does this 0:16:50.520 --> 0:16:57.560 mean politically, if not just societally in Japan? Al right, absolutely, 0:16:58.360 --> 0:17:01.200 right after the news broke of the shooting, we saw 0:17:01.320 --> 0:17:05.160 candidates actually uh cost on social media announcing that they 0:17:05.160 --> 0:17:09.879 will be stopping the campaigning activities for today given the news, 0:17:10.520 --> 0:17:14.199 But Finance Mr Suzuki had had announced the to the 0:17:14.240 --> 0:17:17.159 press a few hours ago that actually changing election plans 0:17:17.359 --> 0:17:20.800 would mean a loss for democracy. We will not lose 0:17:20.960 --> 0:17:24.320 to the violence. So it sounds like the elections on 0:17:24.400 --> 0:17:27.600 July tempt here in Japan upper House elections still go 0:17:27.760 --> 0:17:31.600 ahead as planned. What do we know about the suspect? 0:17:31.680 --> 0:17:35.560 We understand that the suspect in the shooting has been arrested. 0:17:36.000 --> 0:17:39.440 What what further information have we learned about this person 0:17:39.600 --> 0:17:44.680 of any potential motive Yeah, that's right, Nathan. Uh. He 0:17:44.880 --> 0:17:48.760 is a nan a local. Um. It was a handmade 0:17:48.800 --> 0:17:52.240 gun that he was holding. He is a man in 0:17:52.280 --> 0:17:55.840 his forties. We're hearing forty one or forty two years old, 0:17:56.240 --> 0:17:59.439 and he was actually a former member of Japan's Self 0:17:59.520 --> 0:18:02.880 Defense fourth Uh, so you know, he must have had 0:18:03.440 --> 0:18:08.600 some sort of training and experience. But again, the suspect, 0:18:08.600 --> 0:18:13.800 the prospective shooter, has been apprehended. He is under police custody. Uh. 0:18:13.920 --> 0:18:17.200 Local reports that he didn't try to sleave sleeve the 0:18:17.480 --> 0:18:21.919 site after he had shot former Prime Minister Shinzo Abe. 0:18:22.119 --> 0:18:24.840 But again we're learning more and more as a detail 0:18:24.840 --> 0:18:28.040 has come out. But the the biggest news now is 0:18:28.080 --> 0:18:31.960 that Prime Ministersion, the former prime minister, has has passed. 0:18:32.720 --> 0:18:36.400 And just given the fact that he was Japan's longest 0:18:36.480 --> 0:18:40.199 serving prime minister, had had such an impact on Japanese 0:18:40.200 --> 0:18:43.200 politics in recent years, what does what does this mean 0:18:43.240 --> 0:18:47.959 in terms of the political impact the whole left behind 0:18:48.480 --> 0:18:54.120 by the death now of Shinzo Abe. Yeah, that's right again, 0:18:54.160 --> 0:18:56.880 like I said, I mean, he was the longest serving 0:18:57.320 --> 0:19:00.800 prime minister ever in Japan's history since eighteen A. He 0:19:01.280 --> 0:19:04.280 served a total of eight years and eight months. He 0:19:04.359 --> 0:19:06.760 was still very much an icon of the l VPT 0:19:06.840 --> 0:19:12.840 even after he resigned for health reasons. Again, he is 0:19:12.880 --> 0:19:16.639 a huge member he had and a determined office in 0:19:16.680 --> 0:19:19.760 which he pursued with of course makes results a conservative 0:19:19.760 --> 0:19:24.120 agenda over during the country's economy, military and national pride. 0:19:24.359 --> 0:19:26.439 But this is a huge hit for l VP. He 0:19:26.520 --> 0:19:32.119 still was an influential figure in the ruling party. Again, 0:19:32.200 --> 0:19:36.199 that says Bloomberg's Karoom Romy Mari with us this morning 0:19:36.320 --> 0:19:40.679 live outside the hospital in Nara, Japan. Karoomi, thank you 0:19:40.760 --> 0:19:42.919 so much for being with us again. The breaking news 0:19:43.000 --> 0:19:47.639 out of Nara, Japanese former Prime Minister Shinzo Abe has 0:19:47.880 --> 0:19:51.560 died in the hospital after being shot at a campaign event. 0:19:51.600 --> 0:19:54.320 Of course, we will be following the news and the 0:19:54.359 --> 0:19:58.400 reaction throughout the morning. Stay with Bloomberg Radio for all 0:19:58.440 --> 0:20:03.280 the very latest. It's now on Wall Street and we 0:20:03.400 --> 0:20:07.600 have to shift gears now focus on the US economy 0:20:07.760 --> 0:20:11.439 with just about three hours until the release of the 0:20:11.520 --> 0:20:14.640 June payrolls report. Of course that's going to be very 0:20:14.680 --> 0:20:17.320 important for investors this morning. Not to mention the FED 0:20:17.359 --> 0:20:21.199 as it moves to fight inflation. Jennifer Lee, it is 0:20:21.240 --> 0:20:26.800 absolutely unforgivable and this Prime Minister or Japanese Prime Minister 0:20:26.880 --> 0:20:29.479 Kashida says a forty one year old suspect has been 0:20:29.600 --> 0:20:33.159 arrested the Mantle police. He wanted to kill Abe because 0:20:33.160 --> 0:20:36.760 he was frustrated with the former premier. They died after 0:20:36.800 --> 0:20:39.520 being shot from about ten feet away with what appeared 0:20:39.560 --> 0:20:42.520 to be a homemade firearm. Well meantime, in the UK 0:20:42.760 --> 0:20:45.480 kare and pressure continues to build on Boris Johnson to 0:20:45.520 --> 0:20:48.920 relinquish power. The Prime Minister's Conservative Party wants to speed 0:20:49.000 --> 0:20:52.239 up the contest to choose Johnson's successor by the end 0:20:52.240 --> 0:20:55.480 of the summer. Bloomberg's Lizzie Burton has more from Westminster. 0:20:55.920 --> 0:20:59.520 The race is already on candidates already reportedly setting up 0:20:59.520 --> 0:21:03.440 comps in hotels around here. The Conservative policy wants to 0:21:03.520 --> 0:21:06.480 winkle it down to two candidates by July twenty one 0:21:06.600 --> 0:21:09.800 and then pick one by September, but even that is 0:21:09.840 --> 0:21:13.760 too long for many to keep Boris Johnson in Nimbote. 0:21:14.400 --> 0:21:17.199 Bloomberg's Lizzie Burden says, Boris Johnson hopes to stay on 0:21:17.280 --> 0:21:19.600 for at least three more months. We'll back here. In 0:21:19.600 --> 0:21:22.720 the US. Nathan relations which China are in focus today. 0:21:22.760 --> 0:21:26.320 President Biden needs to discuss possible redunctions in US tariff 0:21:26.359 --> 0:21:29.760 sun Chinese goods. We spoke with the National Economic Council 0:21:29.800 --> 0:21:32.760 Director Brian Dees about the move. He says, there are 0:21:32.840 --> 0:21:36.240 other options for taking on China. Tariffs are one tool, 0:21:36.240 --> 0:21:38.400 but we have other tools as well to make sure 0:21:38.400 --> 0:21:41.280 that we are protecting key sectors of the American economy 0:21:41.440 --> 0:21:44.800 and that we are holding to account for those brands. 0:21:44.920 --> 0:21:47.920 Was a guest on Bloomberg Survey. Lence heard weekday mornings 0:21:47.960 --> 0:21:50.600 on Bloomberg Radio. And we'll hear from the administration again 0:21:50.640 --> 0:21:53.040 this morning, Karen. When we get the June jobs report, 0:21:53.080 --> 0:21:55.879 it is expected to show a slowdown in hiring. Labor 0:21:55.960 --> 0:21:59.920 Secretary Marty Walsh joins Bloomberg Radio and Television to discuss 0:22:00.000 --> 0:22:04.080 the report that's coming up at Well. Nathan returned to 0:22:04.160 --> 0:22:07.320 Corporate News Now, and there's more talk about Twitter. Shares 0:22:07.359 --> 0:22:10.360 are down more than four percent this morning, amid concerned 0:22:10.440 --> 0:22:14.719 Elon Musk's proposed acquisition is falling apart. Bloomberg's Don need 0:22:14.720 --> 0:22:17.120 a Young joins US Live with more. Good Morning, Nita, 0:22:17.200 --> 0:22:20.359 Good morning, Karen. Elon Musk is still at odds with Twitter. 0:22:20.440 --> 0:22:23.640 Over the number of spam bots using the service. He's 0:22:23.720 --> 0:22:26.640 repeatedly threatened to walk away from his proposed forty four 0:22:26.680 --> 0:22:29.280 billion dollar deal to take over the social media giant 0:22:29.800 --> 0:22:32.680 if they cannot confirm that bots make up less than 0:22:32.760 --> 0:22:36.520 five percent of total users. The Washington Post reports that 0:22:36.640 --> 0:22:40.720 Musk's team has concluded that Twitter cannot verify the figures 0:22:40.960 --> 0:22:43.920 and has stopped engaging in discussions around funding the deal. 0:22:44.520 --> 0:22:47.200 Live in New York, I'm gonna need a young Bloomberg daybreak, 0:22:47.280 --> 0:22:49.240 all right, we need to thank you. And futures are 0:22:49.280 --> 0:22:53.000