Speaker 1: Live from the Bloomberg Interacted Burger Studios. This is Bloomberg
Speaker 1: day Break for Friday, July two. Coming up this shour,
Speaker 1: former Japanese Prime Minister Shinzo Abe has died after being
Speaker 1: shot at a campaign event. Pressure amounts for Boris Johnson
Speaker 1: to accelerate his exit from office. Wall Street braces for
Speaker 1: the June Jobs report, and Twitter shares drop on doubt
Speaker 1: the Elon must takeover? Will ever happen? Former Winehouse Council
Speaker 1: Pat Sabloni appears before the January sixth panel. Plus another
Speaker 1: shark attack on Long Island by Michael Barr. More ahead,
Speaker 1: I'm trying to stash and sports the Yantes sixty win
Speaker 1: of the year. They beat the Red Sox in the
Speaker 1: first game played this year in Boston, an easy win
Speaker 1: for the myths. That's all straight ahead on Bloomberg Daybreak
Speaker 1: on Bloomberg eleven. For you on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Syrius XM one nineteen and around the
Speaker 1: world on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business Act. Good morning, I'm Nathan Hagar and I'm Karen Moscow.
Speaker 1: U Snock Index futures are lower this morning. We're coming
Speaker 1: up to find one on Wall Street, and we checked
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: bloomberg SMP futures down sixteen points this morning, DAL futures
Speaker 1: down a hundred ten Nasdack futures down sixty two. The
Speaker 1: ten year treasury of five thirty seconds yield two point
Speaker 1: nine seven percent, and they yield on the two year
Speaker 1: is at three percent. Nathan al Right, careen, we begin
Speaker 1: this morning with breaking news following a violent attack in Japan.
Speaker 1: Former Prime Minister Shinzo Abe has died after being shot
Speaker 1: during a campaign event. That's according to Japanese broadcaster NHK.
Speaker 1: We get more from Bloomberg's Jared Reedy in Tokyo. The
Speaker 1: reaction from the people here would be I think I
Speaker 1: would term that those shock. These kind of events are
Speaker 1: extremely rare for this kind of thing to happen in
Speaker 1: a country where normally, you know, the Paul Picks are
Speaker 1: quite stayed on, where there really wasn't a lot of
Speaker 1: interest and stuff that's going on sometimes absolutely extraordinary, and
Speaker 1: of course Glenn Crime here is extremely rare. Bloomberg scared
Speaker 1: reading reports from Tokyo that the forty one year old
Speaker 1: suspect has been arrested. That man told police he wanted
Speaker 1: to kill Abe because he was frustrated with the former premier.
Speaker 1: Abe reportedly died after being shot from about ten feet
Speaker 1: away with what appeared to be a homemade firearm. Well meantime,
Speaker 1: in the UK, Nathan pressure is building on Boris Johnson
Speaker 1: to the relinquished power sooner. His Conservative Party wants to
Speaker 1: speed up the contest to choose Johnson's successor by the
Speaker 1: end of the summer. Bloomberg's Lizzie Burden, reporting from Westminster,
Speaker 1: has more it's a wide open race at the moment.
Speaker 1: The front runners are driven by those with military experience
Speaker 1: and credentials, so the Defense Secretary Ben Wallace, the former
Speaker 1: Defense Secretary Penny Moredument, and also Tom Tooganhart who has
Speaker 1: never held a senior cabinet position but how served in
Speaker 1: the armed forces. Of course, because of the war in Ukraine,
Speaker 1: they taking the spotlight. But we're also in the midst
Speaker 1: of a cost of living crisis here in the UK,
Speaker 1: so that lends the limelight to the former Chancellor Rishi,
Speaker 1: Sunac and Bloomberry Slezzie Burden says Boris Johnson is hoping
Speaker 1: to stay on for at least three more months. Well
Speaker 1: back here in the US, Karen relations with China are
Speaker 1: in focus, and today President Biden meets to discuss possible
Speaker 1: reductions in US tariffs on Chinese goods. Amy Morris has
Speaker 1: details from our Bloomberg newsroom in Washington. Sources tell Bloomberg
Speaker 1: News that today's meeting revolves around whether to remove some
Speaker 1: Trump era levies on three hundred billion dollars in Chinese imports.
Speaker 1: Reducing those tariffs is seen as a potential weapon against inflation.
Speaker 1: Treasury Secretary Tenant Yellen and Commerce Secretary Gina Ramando have
Speaker 1: said that it could help, but ending tariffs on Chinese
Speaker 1: goods won't help Americans where higher prizes hurt the most, food, fuel,
Speaker 1: and housing. Yellen, Ramando and Trade Representative Katherine Tye will
Speaker 1: not attend today's meeting in Washington. I'm Amy Morris, Bloomberg Daybreak, right, Amy,
Speaker 1: thank you. Turning to the economy now, we are less
Speaker 1: than three and a half hours away from the June
Speaker 1: jobs report. Economists say hayroll gains will slow after the
Speaker 1: FED raised interest rates and we get more from Bloomberg's
Speaker 1: Muchael McKee, The consensus view is FED officials will be
Speaker 1: pleased by the June jobs report, Hiring slowing but still strong,
Speaker 1: unemployment essentially unchanged, and wage pressure is easy. An unfecast
Speaker 1: result would likely leave Wall Street investors reasonably satisfied as well.
Speaker 1: The question is what happens if we get an extremely
Speaker 1: strong or extremely weak report. The central bankers have suggested
Speaker 1: a strong report won't change their plans for what will
Speaker 1: likely be another three quarter percentage point increase at the
Speaker 1: end of the month, but expect volatility of weak numbers
Speaker 1: lead investors to increase bets on recession. Michael McKee, Bloomberg Daybreak,
Speaker 1: Mike thanksful. Two of the feds most hawkish members are
Speaker 1: coming out and support a bigger rate hikes. Here's FED
Speaker 1: Governor Christopher Waller. I'm definitely in support of doing another
Speaker 1: seventy five based point high in July, probably fifty in September,
Speaker 1: and then after that we can debate whether to go
Speaker 1: back down to FED Governor Christopher Waller made those comments
Speaker 1: at an event hosted by the National Association for Business
Speaker 1: Economics ST Louis FED President Jim Bullard's also calling for
Speaker 1: a seventy five basis point rate hike this month. If
Speaker 1: we don't get the inflation under control, inflation expectations could
Speaker 1: become unmoored, and if that happened, then you get this
Speaker 1: long and complicated tangle like we did in the seventies.
Speaker 1: Both Bullard and Waller are voting members of the Federal
Speaker 1: Open Market Committee this year. Well. Turning to corporate news,
Speaker 1: now Nathan Shares a Twitter down more than four percent
Speaker 1: in early trading. There's more concerned that Elon must propose
Speaker 1: acquisition of the social media company is falling apart. To
Speaker 1: get the latest from Bloomberg and Ali Bossak, who was
Speaker 1: at this week's tech conference in Sun Valley. Twitter CEO, CFO,
Speaker 1: and board chair are all here at a small meeting
Speaker 1: of elite investors. Now, there's a concern that the deal
Speaker 1: for Elon must have buy Twitter maybe in jeopardy, as
Speaker 1: he's concerned about bots and has stopped talks with a
Speaker 1: key potential investor. According to the Washington Post. However, investors
Speaker 1: at Sun Valley also believe that Elon Musk maybe looking
Speaker 1: to renegotiate the deal, especially given that Twitter stock right
Speaker 1: has fallen so far. I'm Shinnali Bassek in Sun Valley
Speaker 1: for Bloomberg News and Bloomberg Shonali Boss and sun Valley
Speaker 1: says Muskee Slater to speak at the conference tomorrow. Shares
Speaker 1: of game Stop Karen are also following in early trading
Speaker 1: the damn nearly six percent on a key executive departure.
Speaker 1: Let's get more on that Live from Bloomberg's Unita Young,
Speaker 1: Good morning Grenada, Good morning, Nathan. Game Stop fired at
Speaker 1: CFO Mike recooper Ro yesterday. He was one of the
Speaker 1: several Amazon employees that game Stop had recently hired in
Speaker 1: an effort to shift its focus from physical storefronts to
Speaker 1: e commerce. But Bloomberg sources say Recooperro was fired because
Speaker 1: he was not hands on enough and treated game Stop
Speaker 1: as if it were Amazon. The current chief accounting officer
Speaker 1: will replace him. The company is attempting to turn around
Speaker 1: a business that's been hit by shifting gaming demands and
Speaker 1: a troubled market. Live in New York, I'm reneed a
Speaker 1: Young Bloomberg Daybreak, Thanks for neat to Bloomberg Daybreak, brought
Speaker 1: to you by Informatica and the cloud. Your data has
Speaker 1: the power to do the extraordinary. Managed data across any
Speaker 1: location in the cloud for accurate and actionable insights. More
Speaker 1: at Informatica dot com. This is Bloomberg and it's now
Speaker 1: five oh seven on Wall Street, where at sixt eight
Speaker 1: degrees in Central Park we're already saying thirty minute delays
Speaker 1: in the inbound upper level of George Washington Bridge. You
Speaker 1: can thank Overnight Construction for that. More details coming up
Speaker 1: in traffic. First Michael Barr with what else is going
Speaker 1: on once you get in New York and around the world.
Speaker 1: Good morning, Michael, Good morning. Nathan. The star witness appears
Speaker 1: before the U. S. House Committee investigating the US capital attack.
Speaker 1: It will be a private meeting, but it good set
Speaker 1: the stage for the rest of the investigation. The committee
Speaker 1: had been leaning on Pat Sapoloni the Trump White House
Speaker 1: Council to appear for weeks. A Fire Island lifeguard was
Speaker 1: bitten by a shark on Long Island, US today, possibly
Speaker 1: the third such attack in the past week. The lifeguard
Speaker 1: was bitten near his left foot while conducting a training
Speaker 1: exercise about a hundred fifty to two hundred yards from
Speaker 1: the shoreline. He was treated and released. The Biden administration
Speaker 1: says it's still working the free w n B A
Speaker 1: star Britney Grinder, now that she's pleaded guilty to the
Speaker 1: Russian drug charges against her. Grinder told the Russian court
Speaker 1: she didn't mean to put a vapor cartridge containing drugs
Speaker 1: in her suitcase when she flew to Russia. She could
Speaker 1: be sentenced to ten years in prison. White House Press
Speaker 1: Secretary Karene Jean Pierre says they are still trying to
Speaker 1: free her. Clearly, we cannot negotiate in public. That is
Speaker 1: not something that we're going to do, but we are
Speaker 1: committed to making sure they all get home safely. Press
Speaker 1: Secretary Karine Jean Pierre also says they're working is hard
Speaker 1: to free American Paul Wheeland, a man who was convicted
Speaker 1: of murder in connection with the twenty nineteen shooting death
Speaker 1: of a New York City police officer, was sentenced to
Speaker 1: at least thirty years in prison. The Queen's County District
Speaker 1: Attorney says twenty eight year old Jagger Freeman planned the
Speaker 1: hold up that resulted in Detective Brian Simons deaths. The
Speaker 1: second officer was also wounded. Former Minneapolis police officer Derek
Speaker 1: Chauvin has learned his fate and a federal plea deal
Speaker 1: for violating George Floyd's civil rights. Chauvin is already serving
Speaker 1: a lengthy sentence for killing Floyd, and he's been sentenced
Speaker 1: to a little more than twenty years in a federal prison.
Speaker 1: During sentencing hearing, Chauvin offered no apology. George Floyd's father,
Speaker 1: flon a brother, brother Felonis, spoke outside the courthouse after
Speaker 1: the hearing. You will about here to serve and petit
Speaker 1: because that's your job title, to server petit. But I
Speaker 1: didn't see that that day. All I see was my
Speaker 1: brother taken away. All I seen with his last breath,
Speaker 1: All I see with him screaming out to my mom.
Speaker 1: Felonis Floyd. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven hundred journalist and analysts more than a hundred twenty countries.
Speaker 1: Michael Barr, this is Bomberg. Nathan. Thanks Michael, got up
Speaker 1: to five town Ball Street time for the Bloomberg Sports Update.
Speaker 1: Good morning, John Sessha, All right, good morning Nathan and
Speaker 1: the Yankees first game this season in Boston, they get
Speaker 1: their sixty at the win of the year. They didn't
Speaker 1: even use Aaron Judge or Anthony Rizzo, both nursing minor injuries.
Speaker 1: That's fifty two home runs on the bench. But the
Speaker 1: Yanks got a third in the Grand Slam from Josh Donaldson.
Speaker 1: Aaron Hicks followed with a solo shot. That's two guys
Speaker 1: who have not hit well this season. They both now
Speaker 1: homer and back to back games. The Yanks led five
Speaker 1: to nothing, later six to two, and they held on
Speaker 1: to win six five. The Red Sox. Raphael Devers did
Speaker 1: his party, drove in all five, hit two homers off
Speaker 1: Garrett Cole, who Deva's own as he's had six off
Speaker 1: Cole in his career, leaving the Yankee Eates wondering what
Speaker 1: he has to do against ever. Pretty it's pretty wild.
Speaker 1: He's just been able to hit every I mean, this
Speaker 1: just hasn't been a misship, you know, like roll over
Speaker 1: one time, like line out one time. I mean, so um,
Speaker 1: you know, bus it's supposed to fail seven out of
Speaker 1: ten times in this gig. I don't know what the
Speaker 1: deal is. Hold that everyone else out got his eighth win.
Speaker 1: Clay Holmes is sixteenth, saying the Yankees are fifteen games
Speaker 1: ahead of the Red Sox. At SENDI failed the easy
Speaker 1: one for the Mets, tend nothing over the Marlins light
Speaker 1: the Yankees production from guys who have struggled to J. D.
Speaker 1: Davis Grand Slam, Brian McCann three run Homer and Trevor Williams,
Speaker 1: who came in just one in five Pearl seven scoreless
Speaker 1: and he's load only two hits, no walks to be
Speaker 1: struck out. Seven men's semifinals today had wimbled them but
Speaker 1: only one match. Novack Jocovis takes on the South African
Speaker 1: Cameron Norry. The much anticipated match between rap Field at
Speaker 1: All and the Ausete Nick Rios is off. The DAAL
Speaker 1: had to pull out with an abdominal injury. Women's final tomorrow.
Speaker 1: A couple of relative unknowns on Joe Burrow of Tunisia
Speaker 1: and Elena Rybakina of kazakhstand, John Stash Downward Bloomberg sports
Speaker 1: name okay, John, thank you right now. SMP futures are
Speaker 1: down twenty points, staff futures down a hundred thirty three.
Speaker 1: NESSACS futures are lower by seventy seven points up next
Speaker 1: will get the latest from Tokyo the death former prim
Speaker 1: Shinzo Abe. Bloomberg's Karoomy Morty joins us next Bloomberg eleven
Speaker 1: three oh Weather turning probably to mostly cloudy today with
Speaker 1: highs in the upper eighties, low eighties, sunny and less
Speaker 1: humid tomorrow. It's gonna be a nice weekend right now
Speaker 1: sixty degrees in Central Park. Markets, headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com and
Speaker 1: Bloomberg Business Atland. At Bloomberg Quick Tape, He's a Bloomberg
Speaker 1: Business Flash and I'm Camra a Moscow US knock Indix
Speaker 1: futures and European equities are lower following news former Japanese
Speaker 1: Prime Minister Shenzo Abe was shot dead, and as investors
Speaker 1: await employment data to gage whether the world's largest economy
Speaker 1: can avoid a recession. We checked the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg S and P
Speaker 1: futures down twenty points down, futures down a hundred thirty two,
Speaker 1: nowsday futures down eighty one the decks in Germany's down
Speaker 1: half percent. Ten year treasury up to thirty seconds held
Speaker 1: two point nine eight percent. They yield on the two
Speaker 1: year three point one percent nine mex Screwed oil is
Speaker 1: down three quarters of a percent, down seventy six cents
Speaker 1: and a hundred one dollars ninety eight cents of barrel comes.
Speaker 1: Gold is down three tenths per cent, or four dollars
Speaker 1: ninety cents at seventeen thirty four eighty announced, the euro
Speaker 1: one point one zero against the dollar, British found one
Speaker 1: point one nine four two and the unit one thirty
Speaker 1: five point eight five. And looking at bitcoin this morning,
Speaker 1: it's down one point one percent at twenty one thousand,
Speaker 1: three hundred sixty dollars and the Dune jobs report is
Speaker 1: at a eight thirty wall straight time as a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Munchael, Good morning, Good morning, Karen.
Speaker 1: As you mentioned, former Japanese from innister Zo Abe has died.
Speaker 1: According to n H k Abe died in a Japanese hospital.
Speaker 1: Lefty was shot during a campaign stop. Today Cabinet officials
Speaker 1: will meet to discuss a response. The man who attacked
Speaker 1: Abe has been arrested, and of course we'll have more
Speaker 1: on this story in a few moments. In baseball, the
Speaker 1: Yankees be the bred Sox six five Mats one. Orioles
Speaker 1: also won. The Nationals lost along with the Giants. Global
Speaker 1: News twenty four hours a day on airand on Bloomberg Quicktake,
Speaker 1: powered by more than und journalists and analysts more than
Speaker 1: a hundred twenty countries. Michael Barr and this is Bloomberg.
Speaker 1: Nathan alright, Michael, thank you. It is five nineteen on
Speaker 1: Wall Street Live from the Bloomberg Interactive Broker Studios. This
Speaker 1: is Bloomberg Daybreak as we continue following the breaking news
Speaker 1: out of Tokyo and confirmation that former Prime Minister Shenzo
Speaker 1: Ambe has died after being shot at that campaign stopped.
Speaker 1: Doctors in Tokyo say he was brought in in grave
Speaker 1: condition and was pronounced dead a little more than an
Speaker 1: hour ago. Bloomberg's Karum Mori joins us live from outside
Speaker 1: the hospital in Tokyo where Japan's longest serving prime minister
Speaker 1: was being treated. Just shocking developments in the last few
Speaker 1: minutes here, karom Yeah, that's right. I'm actually in not
Speaker 1: a medical university hospital right outside of the building. Uh,
Speaker 1: this is where Prime Minister Abe had been camp scene
Speaker 1: in earlier in the day, where about four hours away
Speaker 1: west from Tokyo. UH just left the press conference where
Speaker 1: the head of the hospital and the e R doctor
Speaker 1: in charge of treating Abbe was just speaking. The doctor
Speaker 1: to Kushima, who was that e ER doctor had said,
Speaker 1: UH that Prime Minister Shinzo Abe was declared dead a
Speaker 1: former prime minister. She was declared dead at five o
Speaker 1: three pm local time. He was brought into the hospital
Speaker 1: and at that time he was under cardiac arrest, so
Speaker 1: already unconscious, UM, and his heart had stopped. They're offering
Speaker 1: their condolences. UM just adding that the bullet had unfortunately
Speaker 1: tiers to his heart. We learned earlier in the day
Speaker 1: that he campaign shows supporting the LVT. At sixty seven
Speaker 1: years old, you know, UM, he was still part of
Speaker 1: a powerful send the Japanese politics. He was leading the
Speaker 1: largest faction in ruling l v P. He was shot
Speaker 1: from the back. Again. Security was not too terribly tight,
Speaker 1: Japan being low crime rate country and gun violence being
Speaker 1: very rare here in Japan. But all of this really
Speaker 1: taking place two days before the Upper House election. UM,
Speaker 1: that will happen on Sunday, July tenth, this weekend. Um.
Speaker 1: But again yeah, getting this confirmation now that he has
Speaker 1: unfortunately passed, who survived by his wife Kada, who we
Speaker 1: saw had walked into the hospital just hours earlier. This
Speaker 1: just has to be sending a shutter through the country,
Speaker 1: given that, as you say, a violence of really any kind,
Speaker 1: much less gun violence is so rare in Japan, and
Speaker 1: coming so close to an election day, What does this
Speaker 1: mean politically, if not just societally in Japan? Al right, absolutely,
Speaker 1: right after the news broke of the shooting, we saw
Speaker 1: candidates actually uh cost on social media announcing that they
Speaker 1: will be stopping the campaigning activities for today given the news,
Speaker 1: But Finance Mr Suzuki had had announced the to the
Speaker 1: press a few hours ago that actually changing election plans
Speaker 1: would mean a loss for democracy. We will not lose
Speaker 1: to the violence. So it sounds like the elections on
Speaker 1: July tempt here in Japan upper House elections still go
Speaker 1: ahead as planned. What do we know about the suspect?
Speaker 1: We understand that the suspect in the shooting has been arrested.
Speaker 1: What what further information have we learned about this person
Speaker 1: of any potential motive Yeah, that's right, Nathan. Uh. He
Speaker 1: is a nan a local. Um. It was a handmade
Speaker 1: gun that he was holding. He is a man in
Speaker 1: his forties. We're hearing forty one or forty two years old,
Speaker 1: and he was actually a former member of Japan's Self
Speaker 1: Defense fourth Uh, so you know, he must have had
Speaker 1: some sort of training and experience. But again, the suspect,
Speaker 1: the prospective shooter, has been apprehended. He is under police custody. Uh.
Speaker 1: Local reports that he didn't try to sleave sleeve the
Speaker 1: site after he had shot former Prime Minister Shinzo Abe.
Speaker 1: But again we're learning more and more as a detail
Speaker 1: has come out. But the the biggest news now is
Speaker 1: that Prime Ministersion, the former prime minister, has has passed.
Speaker 1: And just given the fact that he was Japan's longest
Speaker 1: serving prime minister, had had such an impact on Japanese
Speaker 1: politics in recent years, what does what does this mean
Speaker 1: in terms of the political impact the whole left behind
Speaker 1: by the death now of Shinzo Abe. Yeah, that's right again,
Speaker 1: like I said, I mean, he was the longest serving
Speaker 1: prime minister ever in Japan's history since eighteen A. He
Speaker 1: served a total of eight years and eight months. He
Speaker 1: was still very much an icon of the l VPT
Speaker 1: even after he resigned for health reasons. Again, he is
Speaker 1: a huge member he had and a determined office in
Speaker 1: which he pursued with of course makes results a conservative
Speaker 1: agenda over during the country's economy, military and national pride.
Speaker 1: But this is a huge hit for l VP. He
Speaker 1: still was an influential figure in the ruling party. Again,
Speaker 1: that says Bloomberg's Karoom Romy Mari with us this morning
Speaker 1: live outside the hospital in Nara, Japan. Karoomi, thank you
Speaker 1: so much for being with us again. The breaking news
Speaker 1: out of Nara, Japanese former Prime Minister Shinzo Abe has
Speaker 1: died in the hospital after being shot at a campaign event.
Speaker 1: Of course, we will be following the news and the
Speaker 1: reaction throughout the morning. Stay with Bloomberg Radio for all
Speaker 1: the very latest. It's now on Wall Street and we
Speaker 1: have to shift gears now focus on the US economy
Speaker 1: with just about three hours until the release of the
Speaker 1: June payrolls report. Of course that's going to be very
Speaker 1: important for investors this morning. Not to mention the FED
Speaker 1: as it moves to fight inflation. Jennifer Lee, it is
Speaker 1: absolutely unforgivable and this Prime Minister or Japanese Prime Minister
Speaker 1: Kashida says a forty one year old suspect has been
Speaker 1: arrested the Mantle police. He wanted to kill Abe because
Speaker 1: he was frustrated with the former premier. They died after
Speaker 1: being shot from about ten feet away with what appeared
Speaker 1: to be a homemade firearm. Well meantime, in the UK
Speaker 1: kare and pressure continues to build on Boris Johnson to
Speaker 1: relinquish power. The Prime Minister's Conservative Party wants to speed
Speaker 1: up the contest to choose Johnson's successor by the end
Speaker 1: of the summer. Bloomberg's Lizzie Burton has more from Westminster.
Speaker 1: The race is already on candidates already reportedly setting up
Speaker 1: comps in hotels around here. The Conservative policy wants to
Speaker 1: winkle it down to two candidates by July twenty one
Speaker 1: and then pick one by September, but even that is
Speaker 1: too long for many to keep Boris Johnson in Nimbote.
Speaker 1: Bloomberg's Lizzie Burden says, Boris Johnson hopes to stay on
Speaker 1: for at least three more months. We'll back here. In
Speaker 1: the US. Nathan relations which China are in focus today.
Speaker 1: President Biden needs to discuss possible redunctions in US tariff
Speaker 1: sun Chinese goods. We spoke with the National Economic Council
Speaker 1: Director Brian Dees about the move. He says, there are
Speaker 1: other options for taking on China. Tariffs are one tool,
Speaker 1: but we have other tools as well to make sure
Speaker 1: that we are protecting key sectors of the American economy
Speaker 1: and that we are holding to account for those brands.
Speaker 1: Was a guest on Bloomberg Survey. Lence heard weekday mornings
Speaker 1: on Bloomberg Radio. And we'll hear from the administration again
Speaker 1: this morning, Karen. When we get the June jobs report,
Speaker 1: it is expected to show a slowdown in hiring. Labor
Speaker 1: Secretary Marty Walsh joins Bloomberg Radio and Television to discuss
Speaker 1: the report that's coming up at Well. Nathan returned to
Speaker 1: Corporate News Now, and there's more talk about Twitter. Shares
Speaker 1: are down more than four percent this morning, amid concerned
Speaker 1: Elon Musk's proposed acquisition is falling apart. Bloomberg's Don need
Speaker 1: a Young joins US Live with more. Good Morning, Nita,
Speaker 1: Good morning, Karen. Elon Musk is still at odds with Twitter.
Speaker 1: Over the number of spam bots using the service. He's
Speaker 1: repeatedly threatened to walk away from his proposed forty four
Speaker 1: billion dollar deal to take over the social media giant
Speaker 1: if they cannot confirm that bots make up less than
Speaker 1: five percent of total users. The Washington Post reports that
Speaker 1: Musk's team has concluded that Twitter cannot verify the figures
Speaker 1: and has stopped engaging in discussions around funding the deal.
Speaker 1: Live in New York, I'm gonna need a young Bloomberg daybreak,
Speaker 1: all right, we need to thank you. And futures are
Speaker 1: lower this morning. S and P futures down seventeen points down,
Speaker 1: futures down one hundred four and NASDAG futures down seventy one.
Speaker 1: The Danks in Germany's down a quarter percent, the Cat
Speaker 1: and Pari is down about six tents of u percent,
Speaker 1: and the foot See one hundred down half percent. Ten
Speaker 1: year Treasury up three thirty seconds ye two point nine
Speaker 1: eight percent, yield on the two year three point one percent.
Speaker 1: NIMEX screwed oils down half percent or fifty cents, and
Speaker 1: a hundred two dollars twenty three cents of barrel COMEXS
Speaker 1: goal down two tens per cent or three dollars eighty
Speaker 1: cents at seventeen thirties six. Announced the euro one point
Speaker 1: one eight against the dollar. Bitcoin this morning lower at
Speaker 1: twenty one thousand, four hundred seventy dollars, And straight to
Speaker 1: head your latest local headlines plus a check of sports,
Speaker 1: and this is Bloomberg all right, Karen, thank you. Is
Speaker 1: five thirty three on Wall Street, wears sixteenth degrees in
Speaker 1: Central Park and Michael Barr has more on what's going
Speaker 1: on in New York end around the world. Michael, thank
Speaker 1: you very much. Nathan. There's been another shark attack on
Speaker 1: Long Island. A Fire Island lifeguard was bitten by a
Speaker 1: shark yesterday, possibly the third such attack in the past week.
Speaker 1: The lifeguard was bitten near his left foot while conducting
Speaker 1: a training exercise about a hundred fifty two hundred yards
Speaker 1: from the shoreline. He was treated and released. Officials have
Speaker 1: issued a ban on swimming at Ocean Beach until further notice.
Speaker 1: A star witness appears today before the U. S. House
Speaker 1: Committee investigating the US capital attack. It will be a
Speaker 1: closed door deposition between the panel and Patsy Baloney, the
Speaker 1: former Trump White House Council. An excerpt could be released
Speaker 1: at next week's January six Committee hearing. The Biden administration
Speaker 1: says it's committed to the safe return of Brittney Grinder
Speaker 1: and Paul Wheeland, who remained captive in Russia. Yesterday, the
Speaker 1: w n b A star pleaded guilty the drug charges
Speaker 1: in a Moscow area court. White House Press Secretary Karine
Speaker 1: Jean Pierre, We've been clear from day one when it
Speaker 1: comes to US nationals who are being held abroad, who
Speaker 1: are being held wrongfully, detain wrongfully, who have been held hostage.
Speaker 1: We are going to do everything that we can use
Speaker 1: every means that we have to bring them home. Press
Speaker 1: Secretary Jean Pierre says though we cannot negotiate in public,
Speaker 1: Both founder and president of the collapse Paraos have been
Speaker 1: found guilty of fraud. Now. Bloomberg's At Baxter has the story.
Speaker 1: The conviction of former president Sunny Baldwana follows the conviction
Speaker 1: of founder Elizabeth Holmes by six months. Paraos was a
Speaker 1: blood testing startup, and the charges were defrauding investors by
Speaker 1: using a few drops of blood to complete a wide
Speaker 1: array of health tests. Bel Wanni's attorney says they planned
Speaker 1: to consider all legal options including the possibility of an appeal.
Speaker 1: The pair was a high profile couple during the build
Speaker 1: up of the company and now face up to twenty
Speaker 1: years in jail in San Francisco. I'm at Baxter. Bloomberg
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Speaker 1: I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael.
Speaker 1: Thanks on Wall Street time for the Bloomberg Sports Something
Speaker 1: with John stan all Right, Nathan. The yankees sixtieth win
Speaker 1: of the year came in their first game this season
Speaker 1: in Boston. They beat the met Sock six to five.
Speaker 1: They got back to back home runs, third in ing
Speaker 1: from Jacks Donaldson and Aaron Hecks. Grand slam for Donaldson.
Speaker 1: Garrett Cole got the win, got everyone out except rorap
Speaker 1: L Devers, who homer off Cole in last year's playoff
Speaker 1: game homer off Cole in New York and his first
Speaker 1: half bat of this season two more. Last night. Devers
Speaker 1: drove in all five Boston runs. Cole was asked about
Speaker 1: trying to get Devers out. He said he's open to suggestions.
Speaker 1: The Mets all over the Marlins tend nothing solid puts
Speaker 1: you from Trevor Williams, J. D. Davis and a Grand
Speaker 1: Slam James Buchana three run shot Atlanta Laws. So the
Speaker 1: Mets lead the Brave by three and a half. They
Speaker 1: Hell the NHL draft, Devil's had the second Picktic Simone,
Speaker 1: Nimics defenseman from Slovakia's Wilbaps, went one to the Rangers
Speaker 1: did not have a first rounder, but added three extra
Speaker 1: picks by trading backup goalie Alex Gorgias for the Stanley
Speaker 1: Cup champion Colorado Avalanche. No vak Djokovic plays the semifinal
Speaker 1: match today at Wimbledon against Cameron Noriri in. The winner
Speaker 1: will face the Austin Nick Kirios in Sun Day's final
Speaker 1: curio authority in because of Raphael Nidal abdominal injury. I
Speaker 1: don't want to go out there not be competitive enough
Speaker 1: to play at this at the level that I meant
Speaker 1: to to play to to achieve my goal and with
Speaker 1: Nick chance to to make the things US. Wimbledon made
Speaker 1: the controversial decision to not allow Russians to play. Elena
Speaker 1: Raibakina born and raised in Moscow, but plays now for
Speaker 1: AAZAC Standard. She's in tomorrow's women's final against a joberrow
Speaker 1: Tonigia john S Dashaward Bloomberg Sports all right, John, thank
Speaker 1: you seven on Wall Street time for the Tri State
Speaker 1: Business Report with Bloomberg's head Cory. Air Men's is moving
Speaker 1: to Williamsburg Women's where Daily reports the luxury retailer has
Speaker 1: signed leases for two new locations in the trendy Brooklyn neighborhood.
Speaker 1: There will reportedly be a temporary pop up in Williamsburg
Speaker 1: in the first quarter of next year, followed by a
Speaker 1: permanent flagship in the same neighborhood. In six, Amazon and
Speaker 1: the Port Authority of New York and New Jersey of
Speaker 1: scrapped plans for a new air cargo facility at Newark
Speaker 1: Liberty International. In one, Amazon's Cargo Airline launched plans to
Speaker 1: spend one five million dollars to transform to existing buildings
Speaker 1: at the airport, three weeks before the American Dreams super
Speaker 1: Mall is due to pay debt backed by New Jersey
Speaker 1: economic Development grants. The state has not approved a key
Speaker 1: document needed to release the money that raises the risk
Speaker 1: that bond holders will not get their cash. That's your
Speaker 1: Bloomberg Try State Business Report. I'm d Corey. Thanks that
Speaker 1: It's five thirty eight on Wall Street. Bloomberg Radio is
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Speaker 1: up to five thirty nine on Wall Street. The following
Speaker 1: is an editorial from Bloomberg Opinion. This editorial was written
Speaker 1: by the Bloomberg Editorial Board. Boris Johnson was nothing if
Speaker 1: not tenacious. In recent weeks. The UK Prime Minister had
Speaker 1: shrugged off a relentless series of setbacks and embarrassments, almost
Speaker 1: all of his own making. The latest induced two of
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Speaker 1: cascade of further departures and a surge of demands from
Speaker 1: Conservative lawmakers that Johnson stepped down. The pressure finally worked
Speaker 1: on Thursday, Johnson announced his resignation. The tasks awaiting his
Speaker 1: successor are unenviable. The UK faces serious and mounting challenges
Speaker 1: when it comes to the economy, Europe, public services, and
Speaker 1: industrial relations. Building consensus on these questions within the Conservative Party,
Speaker 1: let alone in the country as a whole, will be
Speaker 1: a challenge for the Prime Minister At the moment. Perhaps
Speaker 1: the only idea commanding wide support is that Boris Johnson
Speaker 1: was no longer up to the job. This editorial was
Speaker 1: written by the Bloomberg Editorial Board. For more Bloomberg Opinion,
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Speaker 1: P I n go on the Bloomberg terminal. This has
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Speaker 1: more at O P I n go. SMP futures right
Speaker 1: now down twelve point, staff futures down sixty four, nastack
Speaker 1: futures down fifty seven points. The latest on the assassination
Speaker 1: of former Japanese Prime Minister Shinzo Abe. Will be speaking
Speaker 1: with Bloomberg's Lisa Do in Japan next Bloomberg eleven three
Speaker 1: oh Weather turning mostly cloudy today with highs in the
Speaker 1: upper eighties. It will be partly sunny, less humid tomorrow
Speaker 1: low eighties, mostly sunny low eighties for Sunday. Right now
Speaker 1: sixty eight in Central Park Markets, headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, the
Speaker 1: Bloomberg Business at and at Bloomberg Quick Tape. He's a
Speaker 1: Bloomberg Business Flash and I'm Karen Moscow. U stock index
Speaker 1: futures and European equities are lower following news former Japanese
Speaker 1: Prime Minister Shinzo a was shot to death, and as
Speaker 1: investors await employment data to gauge whether the world's largest
Speaker 1: economy can avoid a recession, the dollar found haven demand.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg guess and P futures down twelve po points,
Speaker 1: down features down sixty and as DAG features down fifty seven.
Speaker 1: The decks in Germany's up about two tenths of a
Speaker 1: percent now ten Your treasury at four thirty seconds yield
Speaker 1: two point nine seven percent. The yield on the two
Speaker 1: year three percent. Nine X crude oil is down four
Speaker 1: tenths per cent, or forty four cents at a hundred
Speaker 1: two dollars twenty six cents of barrel COMEX school down
Speaker 1: a quarter percent or four dollars fifty cents at seventeen
Speaker 1: thirty five thirty announced the euro one point one one
Speaker 1: nine against the dollar. British found one point one nine
Speaker 1: four or five. The yen is at one thirty five
Speaker 1: point eight nine, and bitcoin lower down seven tenths percent
Speaker 1: at twenty one thousand, four hundred sixty dollars. As a
Speaker 1: Bloomberg Business flash. Now Here's Michael Barr with more on
Speaker 1: what's going on around the world, Michael Karen, thank you
Speaker 1: very much. And other news. The candlelight vigil was old
Speaker 1: last night in Highland Bark, Illinois for the seven victims
Speaker 1: of Monday shooting rampage. Funeral services for three of them
Speaker 1: are scheduled today. The I r S is taking a
Speaker 1: closer look at reports the agency subjected to former FBI
Speaker 1: officials to unusual scrutiny. Then President Trump repeatedly attacked James
Speaker 1: Comey and Andrew McCabe over the FBI's Russia probe that
Speaker 1: shadow Trump for years. In baseball, the Yankees beat the
Speaker 1: Red Sox six five, the Mets won, the Orioles also won.
Speaker 1: The Nationals lost along with the Giants. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quittake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. I'm Michael bar This
Speaker 1: is Bloomberg. Nathan Okay, Michael, thank you for coming up
Speaker 1: to five forty nine on Wall Street Live from the
Speaker 1: Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. We want
Speaker 1: to get more now on our top story, the assassination
Speaker 1: of former Japanese Prime Minister Shinzo Amby the country's longest
Speaker 1: serving premier, has died after being shot at a campaign
Speaker 1: event in Japan. Were joined out live from Tokyo by
Speaker 1: Bloomberg's Lisa Do. Lisa, good morning. Just shocking news that's
Speaker 1: reverberating globally following the passing of shinzo Abe. What more
Speaker 1: do we know about how he died? Um, Yes, High,
Speaker 1: It's been a really jarring and very tragic the last
Speaker 1: few hours here in Japan. You know, former Prime Minister
Speaker 1: shinzo Abe passing away at the age of sixty seven.
Speaker 1: I was announced actually less than an hour ago. According
Speaker 1: to the hospital that treated him. He had rived already
Speaker 1: in very great condition. Um. He died shortly after five
Speaker 1: pm local time here at blood loss after sustaining gunshot
Speaker 1: wounds that hit his neck and chest and went through
Speaker 1: to his heart. It's extremely shocking event. He was very
Speaker 1: well known globally among leaders for being Japan's longest serving
Speaker 1: prime minister, and in Japan, where you know, gun violence
Speaker 1: is extremely rare, almost virtually non existent. A really jarring
Speaker 1: event for you know, the people to take in. Yeah,
Speaker 1: some of the reaction we've seen from global leaders. They
Speaker 1: just seem staggered by this news. Given the fact that,
Speaker 1: as you say, gun violence, not to mention, political violence
Speaker 1: is so rare in Japan. I mean, just talk a
Speaker 1: little bit about what this means for the country. Just
Speaker 1: to be in the midst of something like this, it
Speaker 1: just must be something that people just can't explain right now. Yeah,
Speaker 1: I think, yeah, you're right. I think, you know, July
Speaker 1: at will definitely be a day that will you know,
Speaker 1: remain be scar in Japanese, Japanese history and the Japanese
Speaker 1: people's memories. Um. You know, just to give you a
Speaker 1: sense of how restrictive, you know, gun laws arts nearly
Speaker 1: impossible to obtain a gun. Um, and they say the
Speaker 1: suspect actually shot him with a homemade device. Um. Just
Speaker 1: last year there were ten incidents of gun violence in
Speaker 1: Japan and only one resulted in someone passing away. Um,
Speaker 1: that's just how how rare it was. And you know,
Speaker 1: in political and any violence related politics was also virtually
Speaker 1: non existent. So I think it just, um, you know,
Speaker 1: a data with events that people are really starting to
Speaker 1: still processing. Um. You know, right now, what more do
Speaker 1: we know about the suspect in this shooting. You mentioned
Speaker 1: he apparently used a homemade gun. What more are we
Speaker 1: hearing about this person and if he was apprehended at
Speaker 1: this scene and it was a man in his forties
Speaker 1: who apparently used to work for the Japan Self Defense
Speaker 1: Forces UM and police questioning, he apparently told them that
Speaker 1: he intended to kill Abe today UM and that he
Speaker 1: was dissatisfied with Abe. UM. But it didn't be said
Speaker 1: that the dissatisfaction wasn't related to any political belief and UM,
Speaker 1: that's as much as we know on the motive. It's
Speaker 1: not extremely clear, and we're hoping to get more on that.
Speaker 1: All right, Well, just talk a little bit as well
Speaker 1: about the legacy that Shinzo Abe leaves behind. I think
Speaker 1: the word that many of us remember from his time
Speaker 1: in office is abeynomics. I mean, it's it's really difficult,
Speaker 1: I think, to overstate just the kind of influence that
Speaker 1: Shinzo Abe had politically and economically on this on on Japan. Yes, indeed,
Speaker 1: you know, he was, like we've said, Japan as along
Speaker 1: the serving prime minister. He really came in and added
Speaker 1: stability to a time when Japan had been going through
Speaker 1: a revolving door series of prime ministers every year, and
Speaker 1: then he stayed for eight years from twenty and like
Speaker 1: you mentioned, he was especially well known for his economic
Speaker 1: agenda alb Anomics, you know, based on a monetary easing
Speaker 1: government spending combined with structural reform um you know, at
Speaker 1: the time, really an unprecedented economic policy package um, the
Speaker 1: effects of which we are still seeing in Japan today
Speaker 1: with the easy money and the weakness in the yet
Speaker 1: and so definitely you know that he had a lot
Speaker 1: of impact. And he's also were very well known for
Speaker 1: broken global trade deals and his attempts, although unsuccessful, to
Speaker 1: revive Japan's past at this constitution. And even though he
Speaker 1: had been god losses for two years, you know, he
Speaker 1: still remained deeply influential within Japan's ruling party. I'm a
Speaker 1: more recently kind of pushing for increases in defense spending
Speaker 1: and being more vocal warning about China's rise and its
Speaker 1: impact on Japan. A deep hole left behind following the
Speaker 1: passing of former Japanese Prime Minister Shinzo Abe. Lisa Do
Speaker 1: joining us this morning from Tokyo. Bloomberg News correspondent Lisa,
Speaker 1: thank you for giving us the very latest. Karen, all right, Nathan,
Speaker 1: thank you. It is five a day, three on Wall
Speaker 1: straight time for a legal story. We're watching this morning.
Speaker 1: Eight days after the Supreme Court is struck down New
Speaker 1: York century old gun law, the state's lawmakers approved a
Speaker 1: sweeping overhaul of New York's handgun the licensing rules. Then
Speaker 1: new gun legislation severely limits where guns can be carried,
Speaker 1: includes a strict permitting process for concealed carry licenses, and
Speaker 1: requires background checks to buy ammunition. The law will almost
Speaker 1: certainly be challenged in court. For more, Bloomberg's dun Grass
Speaker 1: speaks to Andrew Willinger, the executive director of the Duke
Speaker 1: Center for Firearms Law. The legislation sets out a list
Speaker 1: of sensitive places where you can't carry conceal weapons, and
Speaker 1: it's quite extensive. Just a few things on the list
Speaker 1: are bars and restaurants serving alcohol, educational institutions, entertainment venues, playgrounds,
Speaker 1: houses of worship, libraries, subways and busses, and times square.
Speaker 1: With that list past Supreme Court review, this is a
Speaker 1: place where I think we're likely to see litigation in
Speaker 1: the near future. The Court and Bruin doesn't undertake an
Speaker 1: extensive analysis of what places can be designated sensitive by
Speaker 1: a state government such that guns action can be banned there.
Speaker 1: So all the court says is New York can't designate
Speaker 1: the entire island of Manhattan as a sensitive place. The
Speaker 1: court's opinion says that you have to analogize to historical
Speaker 1: places where guns were prohibited. Where I think that leaves
Speaker 1: us is that there are certain locations on this list
Speaker 1: that are completely fine, right, government buildings, polling places. You
Speaker 1: know that there's a limited set of places where we
Speaker 1: have a historical tradition of banning guns in those locations,
Speaker 1: but it's not as clear for things like mass transit,
Speaker 1: Times Square stadium, anywhere where alcohol is sold or consumed.
Speaker 1: And I think you know, this expansive list does come
Speaker 1: relatively close to what the Court cautioned against and Bruin,
Speaker 1: which is that you can't simply say that because people
Speaker 1: congregate in a given location and law enforcement officers are available,
Speaker 1: that that is a sensitive place and guns are banned.
Speaker 1: It seems like in many respects the law is stricter
Speaker 1: than the old law. That's right, And I think this
Speaker 1: is a really important observation about this New York law
Speaker 1: is that under the prior system that the court struck
Speaker 1: down in Bruin New York had this proper cause requirement
Speaker 1: and that mandated that an applicant show some exceptional circumstance. Right.
Speaker 1: But at the same time, New York was granting, especially
Speaker 1: you know, outside of New York City, in more rural areas,
Speaker 1: they were granting permits to people to carry concealed weapons,
Speaker 1: and those permit holders had a pretty broad ability to
Speaker 1: carry weapons in a number of different public places. Now
Speaker 1: you have a system where it might be easier as
Speaker 1: an initial step to get the permit, but once you
Speaker 1: obtain a permit, it doesn't give you the ability to
Speaker 1: carry guns in anywhere near as many places as you
Speaker 1: could under the prior system. So in many respects it
Speaker 1: is going to be stricter because people who have permits
Speaker 1: will be limited in where they can actually bring guns.
Speaker 1: And that's Andrew will enjoy, the executive director of the
Speaker 1: Duke Center for Firearms Loss, being at the Bloomberg Student Grosso.
Speaker 1: Catch more of that interview, plus analysis of the latest
Speaker 1: legal news, by subscribing to the Bloomberg Law Podcast or
Speaker 1: downloading the show at Bloomberg dot com Slash Podcast. Attorneys
Speaker 1: can find exceptional legal research and business development tools at
Speaker 1: Bloomberg law dot com and on the Bloomberg terminal at
Speaker 1: b law Go. SNP futures lower down about twelve points
Speaker 1: this morning. Down futures down sixty two and NASDAG futures
Speaker 1: are down fifty eight. Ten year treasury of five thirty seconds,
Speaker 1: the yield at two point nine seven percent in the
Speaker 1: yield on the two year two point nine and nine
Speaker 1: percent still ahead. On Bloomberg day Break, we have a
Speaker 1: check on the business headlines and all the news you
Speaker 1: need to start your day, including the latest on the
Speaker 1: assassination of former Japanese Prime Minister Shenzo Abe. And this
Speaker 1: is Bloomberg