Speaker 1: For the Bloomberg Interact Dave Burgers Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, October eleven two. Coming up this hour,
Speaker 1: stocks drop and yields rise on concerns the Fed will
Speaker 1: remain hawkish. The Bank of England is forced to expand
Speaker 1: its emergency measures to tackle chaos in the bond market.
Speaker 1: The routing chip stocks continues around the world, and G
Speaker 1: seven leaders way their response to Russia's missile barrage on Ukraine.
Speaker 1: The woman has been arrested in the fatal attack on
Speaker 1: a man on a Bronx busts a feisty debate between
Speaker 1: the two Senate candidates in Ohio. I'm Michael lar More Ahead,
Speaker 1: I'm John Stashnoward Sports that Chiefs Rallied the top the Raiders.
Speaker 1: The Yankees begin their playoff series with Cleveland and its
Speaker 1: opening night for the Rangers. That's all s Trady Haad
Speaker 1: on Bloomberg Daybreak on Bloomberg eleven, Free on New York,
Speaker 1: Bloomberg nine one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties and Francisco Sirius x M one nine
Speaker 1: team and around the World. Old on Bloomberg Radio dot
Speaker 1: Com and via the Bloomberg Business. Good morning, I'm Nathan
Speaker 1: Hagar and I'm Farren Moscow and US dot index futures
Speaker 1: are lower this morning. We are coming up to six
Speaker 1: oh one on Wall Street. Let me check the markets
Speaker 1: every fifteen minutes throughout the trading day on Bloomberg. Right now,
Speaker 1: S and P futures are down thirty six points down,
Speaker 1: features down two hundred fifty four and as dack futures
Speaker 1: down one hundred seven and the ten year treasury is
Speaker 1: down eighteen thirty seconds. You three point nine five percent,
Speaker 1: and they yield on the two year four point three
Speaker 1: two percent. Nathan here in this morning's driving futures follows
Speaker 1: four straight losing sessions on Wall Street. This morning, yields
Speaker 1: on two year treasuries are trading at their highest level
Speaker 1: since two thousand seven. Ten year yields are flirting with
Speaker 1: four percent, and the thirty years surge two it's highest
Speaker 1: since Jordans Cohn is chief investment officer at a c
Speaker 1: M Funds. A lot of these areas of the market
Speaker 1: and the fixed income market are really getting colder. Sold
Speaker 1: here come down quite a bit. Are much higher than
Speaker 1: we've seen in years, and so I think as soon
Speaker 1: as the market gets a spense that inflation is peaking
Speaker 1: um and and ten year yields start to stabilize more,
Speaker 1: you know, I think there could be a lot of
Speaker 1: good buying opportunities. But for us, no, we're not going
Speaker 1: to put the part the horse. Jordan Cannad, a CM fund,
Speaker 1: says the mood remains fragile ahead of Thursday's inflation data.
Speaker 1: Well as for equities, Nathan, perhaps the hardest hit sector
Speaker 1: and the recent sell off has been ship stocks. In fact,
Speaker 1: more than two hundred forty billion dollars in market value
Speaker 1: has been wiped out since the White House and posts
Speaker 1: curbs on China's access to semiconductor technology. They get more
Speaker 1: from Bloomberry's Charlie Pellet. The industry sold off globally after
Speaker 1: fresh US curbs on China's access to American technology added
Speaker 1: to a disappointing start to the earning season, stoking concern
Speaker 1: that the industry's downturn is far from over. The Philadelphia
Speaker 1: Stock Exchange Semiconductor Index fell three and a half percent,
Speaker 1: closing at its lowest level since November of the index
Speaker 1: has dropped nearly ten percent over the past three trading
Speaker 1: days and is now down more than forty so far
Speaker 1: this year. In New York, Charlie Pellett Bloomberg, debrit Al Right, Charlie,
Speaker 1: thank you. In the chip sell off continued overnight, leading
Speaker 1: stocks lower in Asia. Let's get that recap from Bloomberg's
Speaker 1: Juliette Sally in Singapore. Good morning, Juliette, Good morning, Nathan
Speaker 1: and Karen. Some of the biggest losses were in chip
Speaker 1: related equities in Japan, South Korea, and Taiwan, where traders
Speaker 1: returned from holidays to join the global sell off in
Speaker 1: semiconductor shares. Taiwan's tie X traded at November twenty twenty
Speaker 1: lows well. T SMC shares fell as much as eight
Speaker 1: and a half percent, the most on record to July
Speaker 1: twenty twenty lows. The yend traded within sight of the
Speaker 1: original level that spurred Japanese authorities to defend the currency
Speaker 1: in September, and the one slid as warri mounts at
Speaker 1: Beijing will uphold its COVID zero policy well after the
Speaker 1: Chinese Communist Party Congress this month. In Singapore, Juliette Sally
Speaker 1: Bloomberg Daybreak Right, Juliet, thanks for all in Europe. This morning,
Speaker 1: the Bank of England has been forced to expand its
Speaker 1: emergency measures. That's in response to chaos in the bond market.
Speaker 1: And we go to London and get the latest from
Speaker 1: Bloomberg's un Pass. Good morning U, Good morning Karen Nathan.
Speaker 1: It's the second time this week the UK Central Bank
Speaker 1: has moved to calm the bond market. This morning, the
Speaker 1: banking and expanded the scope of its guilt purchases to
Speaker 1: include inflation linked debts in an effort to avert what
Speaker 1: it called a fire sale. The intervention comes after a
Speaker 1: severe set off on Monday that saw UK inflation yields
Speaker 1: surging by the most on record. In London, Immune part
Speaker 1: splombog daybreak, All you and thank you. The risk of
Speaker 1: a global recession is now rising thanks to higher rates.
Speaker 1: That's according to both the head of the International Monetary
Speaker 1: Fund and World Bank President David Malpass. There's the risk
Speaker 1: and the real danger of a world recession next year.
Speaker 1: The advanced economies are are slowing in Europe. The debt
Speaker 1: levels for the developing countries are getting more and more burdensome.
Speaker 1: The rise in interest rates puts added weight on it,
Speaker 1: and inflation is still a major problem for for everyone,
Speaker 1: but especially if of the poor. Of those comments from
Speaker 1: World Bank President David Malpass are being echoed by JP
Speaker 1: Morgan's CEO, Jamie Diamond. He says serious headwinds are likely
Speaker 1: to push the U S and global economies into recession
Speaker 1: by the middle of next year. Meantime, Nathan, the Fed
Speaker 1: keeps banging the drum for higher rates still Vice chare
Speaker 1: Lyle Brainer that lays out a case for caution as
Speaker 1: a central bank works to curb inflation in light of
Speaker 1: elevated global economic and financial uncertainty. Moving forward deliberately and
Speaker 1: in a data dependent manner will enable us to learn
Speaker 1: how economic activity, employment, and inflation are adjusting to the
Speaker 1: cumulative tightening in order to inform our assessment of the
Speaker 1: path of the policy rate. Fed Vice chare Lyle Brainer
Speaker 1: made the comments yesterday at a meeting of a National
Speaker 1: Association for Business Economics in Chicago. Well, despite that, caution
Speaker 1: care and it's too early for a FED policy pivot.
Speaker 1: That's according to strategistic Goldman Sachs, who say the economic
Speaker 1: outlook is not bad enough yet and rates markets remain
Speaker 1: too volatile. Economists predict the FED is on track to
Speaker 1: deliver its fourth straight seventy five basis point hike at
Speaker 1: next month's meeting. Now, Nathan, let's go to the latest
Speaker 1: on the war in Ukraine. Russia has launched even more
Speaker 1: strikes in the country, just a day after the most
Speaker 1: intense barrages since the early days of the invasion. President
Speaker 1: Biden will speak with group of seven leaders this morning.
Speaker 1: He's pledging to impose more costs on the Kremlin and
Speaker 1: to keep providing support to Kiev. John Herbs is a
Speaker 1: former US Ambassador to Ukraine and now Senior director of
Speaker 1: the Atlantic Council's Eurasia Center, who's objective is not to
Speaker 1: take a bit of territory Ukraine's east. It is objective
Speaker 1: today is to take political control of Ukraine. As objective tomorrow,
Speaker 1: once he has Ukraine in his pocket is to go
Speaker 1: after other states, including Allen NATO Allas. So he is
Speaker 1: coming for our NATO Allas. We are abound to defend
Speaker 1: with American troops. Former Ambassador to Ukraine John herb spoke
Speaker 1: with our Washington correspondent Joe Matthew on Bloomberg Sound on
Speaker 1: Catch the program weekdays at five pm Eastern on Bloomberg
Speaker 1: Radio and SMP futures right now are down thirty seven points.
Speaker 1: Now Future is down two seventy nastack features are lowered
Speaker 1: by a hundred twelve points, The tenure Treasury is down
Speaker 1: sixteen thirty seconds down, the heel three point nine four percent,
Speaker 1: yield on the two year four point three two percent,
Speaker 1: and nime x scrude is down too and two thirds
Speaker 1: percent at eighty eight dollars seventy one cents a barrel.
Speaker 1: Local headlines in the check off Sports. Next, this is
Speaker 1: Bloomberg six oh seven on Wall Street fifty three degrees
Speaker 1: in Central Park got an accent with the Williamsburg Bridge
Speaker 1: into the city. Details coming up in traffic. First Michael
Speaker 1: Barr with what else is going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: A woman was arrested yesterday, And the fatal stabbing of
Speaker 1: a man during an argument aboard and mt A bus
Speaker 1: and the Bronx Lamont Barkley, who was fifty five, is
Speaker 1: the eighth person to be killed in the transit system
Speaker 1: this year. The NYPDS has Barkley gone into a verbal
Speaker 1: dispute with a man and a woman believed to be
Speaker 1: boyfriend and girlfriend on a bus Sunday night. Authorities say
Speaker 1: the argument escalated and the man stabbed Barkley multiple times
Speaker 1: in the stuff. The detectives say forty two year old
Speaker 1: Ebony Jackson was arrested in connection to the stabbing. The
Speaker 1: man is still on the loose. It was a feisty
Speaker 1: debate in Ohio last night between the two Senate candidates.
Speaker 1: Democratic Congressman Tim Ryan and Republican j D. Vans were
Speaker 1: on Next Our Media. President Trump endorsed Vans. He talks
Speaker 1: about wanting to support a stronger border. He talks about
Speaker 1: wanting to be bipartisan and get things Donald. Tim, You've
Speaker 1: been in Congress for twenty years, and the border problem
Speaker 1: has got worse and worse and worse. Ryan on his opponent, JD. Vance,
Speaker 1: raised money for the legal Defense Fund of the insurrectionists.
Speaker 1: This is the kind of extremism, j D that we
Speaker 1: wholly reject. You have video post, don't even try to.
Speaker 1: The race could determine which party controls the US Senate.
Speaker 1: A pro Russia hacker group that has targeted several government
Speaker 1: websites has taken responsibility for coordinated attacks targeting dozens of
Speaker 1: US airports, including LaGuardia. John Holtquist, head of in Religence
Speaker 1: Analysis that cybersecurity firm Mandy And, says kill net has
Speaker 1: been targeting mainly US government websites and other systems globally. Previously,
Speaker 1: they've carried out attacks all over Europe. They carried had
Speaker 1: attacks in Japan. Even so, it's sort of a global problem,
Speaker 1: but you know, a lot of it is. A lot
Speaker 1: of it is tied to the war in Ukraine. John
Speaker 1: old Quist with Mandy And told ABC no flights were
Speaker 1: disrupted as a result of the attacks. The Supreme Court
Speaker 1: will here arguments today over at California animal cruelty law
Speaker 1: that could raise the cost of bacon and other pork
Speaker 1: products nationwide. Involves a California law that says pork sold
Speaker 1: in the state needs to be from pigs treated humanely.
Speaker 1: A majority of unionized railroad workers voted to reject the
Speaker 1: tentative labor agreement brokeren in Park last month by President
Speaker 1: Joe Biden. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty
Speaker 1: seven hundred journalists and analysts. More than a hundred twenty countries,
Speaker 1: Michael Barr and this is Bloomberg Nathan. Thanks Michael. Almost
Speaker 1: six cent on Wall Street. Time for the Bloomberg Sports
Speaker 1: Update with John Stashell. All Right, the Mets postseason over
Speaker 1: and now the Yankees postseason, but gets going. Game one
Speaker 1: with Cleveland tonight will be Garrett Cole versus the Guardians
Speaker 1: cal Quantrille. Eighteen years ago. His father, Paul was a
Speaker 1: Yankee reliever, served up the David Ortiz game winning omer
Speaker 1: in Game four the Alcs that began that Red Sox
Speaker 1: come back from three nothing down. Aaron Boone met the
Speaker 1: media yesterday. I was asked if the crowd will be
Speaker 1: like it was when Aaron Judge was chasing Roger Marrick's
Speaker 1: Yankee Stadium in the playoffs. It's gonna be pretty raucous.
Speaker 1: I would imagine tomorrow night, a lot of energy in
Speaker 1: the building, a lot of anticipation, certainly when Aaron's up,
Speaker 1: because it's Aaron Judge and and what he can do.
Speaker 1: But no, I don't think it will be necessarily similar
Speaker 1: to you know, when he was sixties sixty one and
Speaker 1: stuff like that. I think it's gonna be the playoffs.
Speaker 1: Three other division series just that Intra Division Phillies and
Speaker 1: Braves in Atlanta, Mariners and Astros in Houston. Thirty nine
Speaker 1: year old Justin Verlanders starts for the Astros. Out a
Speaker 1: brilliant regular season, Padres and Dodgers in l A. The
Speaker 1: Dodgers won the season series with San Diego fifteen to four.
Speaker 1: The Mets offseason underway. There are a lot of decisions
Speaker 1: to be made. The Mets could have as many as
Speaker 1: ten free agents and the list will include Jacob de Graham,
Speaker 1: Edmund Diaz, and Brandon Nimo. Well. Last saw the Rangers.
Speaker 1: They were losing to Tampa Bay and the Stanley Cupconference
Speaker 1: final Rangers in lightning tonight at the Guard in the
Speaker 1: beginning new season wild Monday Night at a Calf Week
Speaker 1: five Raiders led in Kansas City seventeen nothing back to
Speaker 1: in the Chiefs. Patrick Mahomes and Travis Kelsey hooked up
Speaker 1: for four touchdowns. Raiders scored what looked like the game
Speaker 1: time TV. With four and a half minutes left, they
Speaker 1: went for two. It failed. Chiefs held on to win
Speaker 1: thirty at twenty one. John Stashower Bloomberg Sports, Lincoln Okay,
Speaker 1: John thanks SMP Futures moving lower now down thirty five points,
Speaker 1: about one percent down. Futures sound sixty one, net futures
Speaker 1: lower by a hundred seven points ten. Your treasury now
Speaker 1: down eighteen thirty seconds, the up to three point nine.
Speaker 1: This is Bloomberg Bloomberg eleven three O. Weather sunshine today
Speaker 1: with a high near seventy degrees mostly Sunday. Tomorrow year
Speaker 1: seventy showers, chance for a thundershower Thursday back near seventy
Speaker 1: though right now fifty three in Central Park markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business Append at Bloomberg Quick Tape.
Speaker 1: He's a Bloomberg Business flash and I'm kared. Moscow stocks
Speaker 1: are falling, pressured by rising treasury yields and signs that
Speaker 1: company earnings are set to disappoint, a gauge of the
Speaker 1: dollar climbing to the highest this month. And we checked
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: Bloomberg SMP future is down thirty six points, down, features
Speaker 1: down two hundred sixty six and nowsday futures down one
Speaker 1: hundred six. The decks in Germany's down one point. Can
Speaker 1: your Treasury down sixteen thirty seconds. He had three point
Speaker 1: nine four per cent yield on the two year four
Speaker 1: point three too percent nine Max Screwed oil is down
Speaker 1: two and a half percent, down two dollars thirty cents
Speaker 1: at eighty eight dollars eighty four cents of barrel call
Speaker 1: Max schal down a third of per cent, or six
Speaker 1: dollars ten cents a sixty and sixty nine twenty announced
Speaker 1: the euro point nine six nine seven against a dollar
Speaker 1: British found one point one zero three seven and a
Speaker 1: yet five point seven three. And looking at bitcoin, it's
Speaker 1: down nine tenths of a percent at nineteen thousand dollars.
Speaker 1: And that's a bloomberg business flash. Now here's Michael Barr
Speaker 1: with more unless going on around the world. Michael Karen,
Speaker 1: thank you very much. Today and marks four weeks until
Speaker 1: the critical November mid term elections, which will decide which
Speaker 1: party controls Congress. US Senate candidates in Ohio held their
Speaker 1: first debate last night. The U Supreme Court could hear
Speaker 1: arguments in a high stakes case today involving pork. The
Speaker 1: nation's twenty billion dollar pork industry is asking the justices
Speaker 1: to strike down California's Prompt twelve that would ban the
Speaker 1: sale of all work that comes from pigs raised in
Speaker 1: spaces that aren't large enough for them to turn around it.
Speaker 1: In football, the Chiefs meet the Raiders thirty nine in baseball,
Speaker 1: Game one of the a LDS begins tonight. For the Yankees,
Speaker 1: they played the Guardians. The NHL season begins tonight. The
Speaker 1: Rangers take on the Lightning. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalists and analysts more than
Speaker 1: a hundred twenty countries. Michael barn this is Bloomberg. Nathan
Speaker 1: all right, Michael, thank you. It his six nineteen on
Speaker 1: Wall Street. Live from the Bloomberg Interactive Brokers studios. This
Speaker 1: is Bloomberg Daybreak, and we continue to follow developments out
Speaker 1: of Ukraine. Russia has launched fresh strikes today in southern
Speaker 1: and eastern parts of Ukraine, the so called annex territory,
Speaker 1: a day after a major barrage, one of the biggest
Speaker 1: barrages since the war began in cities to the north,
Speaker 1: including the capital Kiev. Joining us now is Bloomberg News
Speaker 1: Senior reporter for intern National Affairs, Mark Champion. As we
Speaker 1: continue to follow these developments, Mark, what more can you
Speaker 1: tell us about what's happening today. Well, it's a continuation
Speaker 1: on a lesser scale of what happened yesterday, which, as
Speaker 1: you said, was a massive series of strength in cities
Speaker 1: all across the country. UM. We haven't seen that since
Speaker 1: literally the first day of the war, when you know
Speaker 1: a huge number of missiles we used to take out
Speaker 1: airports around Ukraine. UM. But it's you know what was
Speaker 1: interesting yesterday, are you know appalling? Also yesterday was that
Speaker 1: it was very very clear that the targets were a
Speaker 1: civilians and be civilian infrastructure, power infrastructure in particular. UM.
Speaker 1: And you know this was all in retaliation for a
Speaker 1: Ukrainian attack or you know, alleged Ukrainian attack. They haven't
Speaker 1: actually claimed responsibility on the bridge that Britain built after
Speaker 1: annexing Crime in two thousand and fourteen in order to
Speaker 1: connect it to the Russian mainland. Now we're hearing reports
Speaker 1: as well from Russia that they're planning to continue with
Speaker 1: these infrastructure attacks. When we're thinking about energy and uh,
Speaker 1: civilian infrastructure. What does that say about where this war
Speaker 1: could go? Are these concerns that the Russia might lash
Speaker 1: out as Vladimi reputing is sort of painted into a corner.
Speaker 1: Are they starting to pan out here? Well, it is
Speaker 1: certainly an escalation, uh. And it is you know, an attempt.
Speaker 1: Nationalist critics of the conduct of the war in Russia
Speaker 1: have have long argued that in their kind of you know, discourse,
Speaker 1: Russia to take off the gloves UM and really attack
Speaker 1: UM Ukrainian infrastructure and cities, UM, to bring the country
Speaker 1: to a halt uh and make it difficult both to
Speaker 1: pursue the war but also for people to live their life,
Speaker 1: so that they will essentially knuckle under and put pressure
Speaker 1: on the government to um and the war. That policy
Speaker 1: has been tried by countries before, or war to etcetera.
Speaker 1: Hasn't had a lot of success in the past, and
Speaker 1: it seems rather unlikely that it will again, which is
Speaker 1: why one way in which Western military analysts and the
Speaker 1: West are looking at this is to say, but it's
Speaker 1: really an expression of desperation on the Russian side because
Speaker 1: they have not found a response to Ukraine's gains on
Speaker 1: the battlefield. So this is the way that they have
Speaker 1: to respond. Now, whether that will lead to further escalation,
Speaker 1: UM is clear. But obviously Russia is a power with
Speaker 1: large stock piles of different kinds of weapons of mass destruction,
Speaker 1: including nuclear, so that that possibility is out there. And
Speaker 1: to that point, Ukrainian President Voladimir Zelinski has been calling
Speaker 1: for even more military support from the US and allies,
Speaker 1: including air defense systems. We're getting ready for this G
Speaker 1: seven meeting that's going to be happening later this morning.
Speaker 1: What's the possibility that we could see even more military
Speaker 1: support from the allies coming out of this meeting. Well,
Speaker 1: certainly in terms of air defense. Uh, this that seems
Speaker 1: to be very you know, on the cards. Biden has
Speaker 1: said that he will send more air defense to Ukraine.
Speaker 1: UM and that is probably something that you know, most
Speaker 1: European countries can also get behind, um to the extending
Speaker 1: have air defense systems you know the kind that uh,
Speaker 1: Ukraine needs to spare so that they can send them. UM. Well,
Speaker 1: I think we're likely to see that the Germans have
Speaker 1: sent mobile systems before, which were used during the Ukrainian
Speaker 1: offensive UM and you know on in areas such as tanks,
Speaker 1: and that the Germans have been reticent. So that is uh,
Speaker 1: that's a given really, Um, you know, at the G
Speaker 1: seven itself, it seems lightly we'll we won't see any
Speaker 1: sort of signs of cracks, um you know emerging in
Speaker 1: in terms of support for Ukraine. Um you know, put
Speaker 1: in a clearly calculating that over the longer term, the
Speaker 1: medium term, he can start to drive wedges between different
Speaker 1: UH parts of the alliance that is supporting Ukraine. But
Speaker 1: that's not likely to be instant. All right, Mark as
Speaker 1: always good to get your analysis as we continue to
Speaker 1: watch these developments unfold in Ukraine. Mark Champions, Senior reporter
Speaker 1: for international Affairs for Bloomberg News. Looking ahead to the
Speaker 1: market open, the sell off continues. SMP futures are down
Speaker 1: thirty three points right now, DAL futures are down TT
Speaker 1: four and NAZZAK futures are lower by nine nine points ten.
Speaker 1: Your treasuries down sixteen thirty seconds, the yield three point
Speaker 1: nine four percent, nim X screwed lower by two point
Speaker 1: four percent now to rating at eighty eight dollars nine
Speaker 1: cents of air. All this is Bloomberg Bloomberg eleven three
Speaker 1: oh weather sunny, some apache fog possible overnight. We'll get
Speaker 1: up to near seventy degrees today, mostly sunny, the high
Speaker 1: year seventy again Tomorrow high near seventy Thursday with showers,
Speaker 1: maybe a thundershower possible right now fifty three degrees. Broadcasting
Speaker 1: live from the Bloomberg Interacted Broker's studio in New York,
Speaker 1: Bloomberg E Living free to Washington, d C. Bloomberg to Boston,
Speaker 1: Bloomberg one oh six one, to San Francisco, Bloomberg sixty
Speaker 1: to the Country Sirius XM Chadle one nineteen and around
Speaker 1: the globe to Bloomberg Business APT and Bloomberg Radio dot Com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow, and we're just
Speaker 1: about three hours away from the open of US trading.
Speaker 1: Time to the five things that you need to notice.
Speaker 1: Start your Dave Ronty. You buy interactive brokers. Interactive brokers
Speaker 1: clients are an interest of up to two point five
Speaker 1: eight percent on the idle cash and their brokerage accounts.
Speaker 1: That's just one of the many reasons clients use interactive
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Speaker 1: and more. Visit I pk R dot com slash interest
Speaker 1: rates to learn more. First, US futures are lower yet again.
Speaker 1: Earnings and inflation data will be key this week. Some
Speaker 1: analysts expect a significant earnings drop, but they may not
Speaker 1: come to pass if inflation eases. According to Bloomberg Intelligence
Speaker 1: Chief equity strategist Gina Martin Adams, the reality of the
Speaker 1: earning stream is an inflation has been a big pain
Speaker 1: point for earnings. Revenues have been growing, but margins have
Speaker 1: been contracting amid the rising input cost pressure, even though
Speaker 1: companies have been able to pass on some price increases,
Speaker 1: so we might be somewhat surprised by the degree to
Speaker 1: which to drop an inflation can actually soothe some of
Speaker 1: those margin pressures. Gina Martin Adams of the Bloomberg Intelligence
Speaker 1: says she expects well to earnings confusion to continue into
Speaker 1: the next quarter. Karen Chip stocks have lost more than
Speaker 1: tutor at forty billion dollars in global market value in
Speaker 1: the recent sell off after the White House and post
Speaker 1: curbs on China's access to semiconductor technology. Meantime, even the
Speaker 1: heads of the International Monetary Fund and World Bank weren't
Speaker 1: of rising risks of a global recession, and JP Morgan
Speaker 1: CEO Jamie Diamond is joining in saying serious headwinds could
Speaker 1: push the U S and global economies into recession by
Speaker 1: the middle of next year. Now the FEDS still raising rates,
Speaker 1: but Vice chair Lyle Brainerd's echoing concerns from Diamond, noting
Speaker 1: global tightening could spill back into the US. We're starting
Speaker 1: to see the effect on some sectors, but it's going
Speaker 1: to take some time for that cumulative tightening to transmit
Speaker 1: throughout the economy and for inflation to come down. FED
Speaker 1: Vice chair Lyle Brainerd made the comments yesterday at a
Speaker 1: meeting of the National Association for Business Economics. But out
Speaker 1: of the war in Ukraine, Nathan, where Russia's ramping up attacks.
Speaker 1: Now G seven leaders are holding an emergency meeting to
Speaker 1: discuss continued it poor to Ukraine and Bloomberg's and Baxter
Speaker 1: has more. The White House, in a statement says the
Speaker 1: other aim will be to hold Russian President Vladimir Putin
Speaker 1: accountable for Russia's aggression. Ukraine's President Vladimir's Lenski will participate
Speaker 1: at the top of the meeting. The group has already
Speaker 1: openly condemned the Russian missile attacks, but we'll discuss whether
Speaker 1: more military support will be forthcoming, as well as any
Speaker 1: potential economic sanctions on Vladimir Putin and Russia. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg Day Break. Iran. Thanks, that's the
Speaker 1: five things that you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers. This is Bloomberg. Thanks.
Speaker 1: Karen on Wall Street fifty two degrees in Central Park
Speaker 1: on an accident southbound western spur of the New Jersey Turnpike,
Speaker 1: Exit fifteen w Details coming up in traffic. First, Michael
Speaker 1: Barr with what else is going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: With the less than a month to go until the
Speaker 1: mid term elections, in Ohio, Democratic Representative Tim Ryan squared
Speaker 1: off with the Trump back Republican candidate JD. Vance and
Speaker 1: I Feist. He sent a debate last night. Ryan, speaking
Speaker 1: on Next to Our Media about Vance. Donald Trump said
Speaker 1: to J. D Vance, all you do is kiss my
Speaker 1: host to get my support. Vans responded, You're gonna take
Speaker 1: lectures on dignity and self respect from a guy caught
Speaker 1: on video kissing up the Chuck Schumer. Both candidates are
Speaker 1: polling close and a race that could determine which party
Speaker 1: controls the US Senate. A woman was arrested yesterday and
Speaker 1: Sunday's fatal stabbing of a man during an argument aboard
Speaker 1: and MT A bus in the Bronx. Detectives say forty
Speaker 1: two year old Ebony Jackson was arrested in connection to
Speaker 1: the stabbing. Police a Jackson's apparent boyfriend allegedly stabbed Lamont Barkley,
Speaker 1: who was fifty five. It is the eighth person to
Speaker 1: be killed in the transit system this year, and the
Speaker 1: third within ten days. The man is still on the loose.
Speaker 1: At least fourteen airports around the US, including La Guardia,
Speaker 1: reported their internal communications and advertising systems were hit by
Speaker 1: hackers believed to be Russian based. The group known as
Speaker 1: kill net claim responsibility for the attack. John holt Quist,
Speaker 1: head of the intelligence analysis that cybersecurity firm mandi It,
Speaker 1: says it was the denial of service attack on the
Speaker 1: airport websites. It's essentially superficial. It doesn't necessarily mean that
Speaker 1: any back end resources are being affected, or data is
Speaker 1: being lost or anything. Execulent operations that have been affected
Speaker 1: in any way. John holt Quist with Mandy and told
Speaker 1: ABC no flights were affected. James Brennan, the San Antonio
Speaker 1: officer that fatally shot an unarmed teenager who was eating
Speaker 1: inside of his car at a McDonald's parking lot, has
Speaker 1: been fired. A new petition calls for Russian runners to
Speaker 1: be banned from the New York City Marathon. A group
Speaker 1: of Ukrainian runners have started a petition to keep Russian
Speaker 1: or Belarusian competitors competitions from from this year's race. The
Speaker 1: petition states that if those runners are allowed to compete,
Speaker 1: organizers will be normalizing diabolical lax by MUSCO and its allies.
Speaker 1: The New York City Marathon is set for Sunday, November six.
Speaker 1: Global News twenty four hours a day on the airrand
Speaker 1: on Bloomberg quick Take, powered by more than twenty seven
Speaker 1: hundre journalist and analysts in more than a hundred twenty countries.
Speaker 1: And I'm like Labar, this is Bloomberg Nather thanks Michael's
Speaker 1: almost six thirty six on Wall Street. John stash Our
Speaker 1: has the Bloomberg Sports on tight all right, Nathan, the
Speaker 1: Yankees in Cleveland meeting in the postseason for the six
Speaker 1: times since nine seven. Yanks have won three of the five,
Speaker 1: including the two games sweeping a wild card series a
Speaker 1: couple of years ago. Yanks went five and one with
Speaker 1: the Guardians in the regular season with Cleveland, just won
Speaker 1: a wild card series with Tampa Bay. Will they allowed
Speaker 1: one run in twenty four and names the Guardians start
Speaker 1: cal Quandrills Stadium. Aaron Boone starts his eight. Because it's
Speaker 1: Garrett Cole, and because he came here and signed a
Speaker 1: huge contract, and you know, the long term and the
Speaker 1: ace of this staff, the New York Yankee staff, you know,
Speaker 1: nothing will ever be necessarily good enough. Um, but I
Speaker 1: think he's had a very strong year, Cole said a
Speaker 1: New Yankee records just break out of the season. The
Speaker 1: big Yankee concerned with Cleveland. Jose Ramirez, he had a
Speaker 1: hundred and twenty six RBIs only Iron Judge had more
Speaker 1: in the America League. Had the Mets won one more game,
Speaker 1: they have one of the division. They'd be hosting the
Speaker 1: Phillies today and they went fourteen and five against them. Instead,
Speaker 1: the Phillies are in Atlanta. Phil's got hot after they
Speaker 1: fired Joe Girardi, promoted Rob Thompson. They've now given Thompson
Speaker 1: the job full time. They football in Kansas City. Las
Speaker 1: Vegas led seventeen to Uthing. Patrick Mahomes brought the Chiefs
Speaker 1: fact pour touchdown passes all the Travis Kelsey Chiefs won
Speaker 1: thirty to twenty nine. Casey's four and one, Vegas one
Speaker 1: and four, all four losses by few of these seven points.
Speaker 1: When the Giants were looking for a coach in twenty nineteen,
Speaker 1: they were interested in Matt Rule. Instead, was hired by
Speaker 1: Carolina Panthers just fired him. They dropped a buck on
Speaker 1: a new NHL season tonight. Through a couple of games overseas,
Speaker 1: but the first game in North America is that the
Speaker 1: Garden Rangers in care for that John Spars were Bloomberg's works. Okay,
Speaker 1: thanks John sixty seven On Wall Street. Time to take
Speaker 1: a look at stock, some of the names moving in
Speaker 1: the pre market. Bloomberg Radio and TV Markets correspondent Krety
Speaker 1: Gupta joins us at the start of another down session,
Speaker 1: especially creating in the chip sectors. Still under serious pressure
Speaker 1: this morning. Yeah, the pain doesn't stop here. And and
Speaker 1: this is interesting because remember, of course China was closed yesterday,
Speaker 1: so a lot of the Chinese chip companies are now
Speaker 1: catching up to what you saw over the weekend, essentially
Speaker 1: President Biden saying that he's going to restrict further some
Speaker 1: of the export technology from the United States to China
Speaker 1: that is crucial in making some of those chips that
Speaker 1: then again kind of circle back and become the thing
Speaker 1: that goes into washing machines, cars, iPhones, etcetera. You name it.
Speaker 1: So nevertheless, t SMC is the one that's kind of
Speaker 1: leading the drop here, and you can really wantitor the
Speaker 1: drop in the A d R s For the US traders,
Speaker 1: t sm as your taker, down three point four percent
Speaker 1: in the pre market. But over in China, if you
Speaker 1: have can look at the actual shares. Jake dropped the
Speaker 1: most in twenty eight years and actually did end up
Speaker 1: hitting a limit down on on a on A exchange
Speaker 1: to have a seven percent limits. So that's how much
Speaker 1: volatility is baked into it. And Nathan, the ripple effects
Speaker 1: that you're starting to see some of the American chip
Speaker 1: companies is crucial. Take a look at Video n v
Speaker 1: d A down one point six percent in the pre market.
Speaker 1: Remember that's the heavyweight right next to Apple shares and
Speaker 1: as you start to see the pain the chip sector,
Speaker 1: you do start to see it ripple across into the
Speaker 1: bigger tech names as well. So Apple shares, for example,
Speaker 1: down about eight tents of one percent, a a p
Speaker 1: L there, and alongside Advanced micro Devices a m D
Speaker 1: down one point three percent, Intel not far behind I
Speaker 1: NTC down seven tents of one percent, and sticking with tech,
Speaker 1: I see you're taking note of a company that actually
Speaker 1: did pretty well during the pandemic, but things kind of
Speaker 1: have to change now, right Absolutely, you have to take
Speaker 1: a look at us some of these analyst upgrades and
Speaker 1: down grades that are moving some of these stocks. Assume
Speaker 1: is the one that caught my eye this morning. Z
Speaker 1: M is your taker, down three and a half percent
Speaker 1: after Morgan Stanley cut their recommendation on the stock to
Speaker 1: equal weight from overweight. The reasoning is that the company's
Speaker 1: online business needs to normalize post COVID for the firm
Speaker 1: to unlock quote tremendous value in its enterprise platforms and
Speaker 1: basically saying that actually what you need is just that
Speaker 1: second leg of growth that you, um perhaps you didn't
Speaker 1: get from the pandemic, and that's really what they're not
Speaker 1: seeing at the moment, and uh, I guess on a
Speaker 1: similar theme roadblocks as well. Right, r b LX is
Speaker 1: your ticker. Barkley is actually initiating coverage here and this
Speaker 1: is interesting, they said, with an underweight rating, so not
Speaker 1: exactly the vote of confidencing. The gaming platforms daily users
Speaker 1: are fairly saturated and growth is decelerating postcode. So once again,
Speaker 1: kind of this growth story that was really taking off
Speaker 1: from those two years and now it's kind of come
Speaker 1: full circle. R b LX is the ticker down about
Speaker 1: four percent in the pre market. Nathan, Well, somebody's got
Speaker 1: to tell my kid that's always spends time on his roadblocks.
Speaker 1: Thanks as always, pretty good to have you with us,
Speaker 1: Pretty goop. Dar Blueberg Radio on TV. Markets correspondent looking
Speaker 1: at stocks as a whole, moving lower broadly at the
Speaker 1: index level for sure, with SMP futures down thirty points,
Speaker 1: at OWN futures down two and NASDAC futures are lower
Speaker 1: by ninety points ten. Your treasuries down sixteen thirty seconds,
Speaker 1: yield three point nine and the yield on the two
Speaker 1: year four point three one per cent. You're listening to
Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather, sunny high in
Speaker 1: your seventy today, Sampatchee Fogg possible tonight, but it will
Speaker 1: be sunny again tomorrow with the high near seventy showers,
Speaker 1: maybe a thundershower Thursday at the high back near seventy
Speaker 1: degrees fifty two. Right now, 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 kared Moscow and futures are lower.
Speaker 1: This morning, we get to the first Word Breaking news
Speaker 1: desk for today's morning call, and here's Bill Maloney. Bill,
Speaker 1: good morning, Hey, good morning, Karen. That's right. US features
Speaker 1: are under pressure right now. Down futures down two point
Speaker 1: says as dropped thirty and NASDAK futures declined by eighty nine.
Speaker 1: The US a ten yel at three point nine four percent,
Speaker 1: gold is down six, oil is sinking, and bitcoin is
Speaker 1: lower by point nine percent. Japan dropped two point six
Speaker 1: percent overnight, while up markets are also in the red
Speaker 1: this morning, and back in the US, nothing to report
Speaker 1: on the economic front. In the chip space, Taiwan Semi
Speaker 1: tumbled the most sins going public since and Morgan Stanley
Speaker 1: one that restrictions around super computing pose additional risks for
Speaker 1: firms like Intel, n A. M D an other news.
Speaker 1: Goodman Sax cautions against hawk Is to fit pivot bets
Speaker 1: and Cathy would but more Adobe shares. Wrapping things up,
Speaker 1: lu Lemon was raised to overweight over Red Piper. Live
Speaker 1: from the first breaking news descon Bill Maloney care right, Bill,
Speaker 1: thank you to hear live breaking news over her. Bloomberg Time,
Speaker 1: Squawk on your terminal, SCU you a w K and
Speaker 1: that's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. US officials are condemning the barrage
Speaker 1: of Russian missiles that struck several cities across Ukraine yesterday,
Speaker 1: one of Moscow's largest attacks in months. President Biden will
Speaker 1: meet virtually later today with members of the G seven.
Speaker 1: A senior administration official says, the group of world leaders
Speaker 1: are expected to discuss ways to aid Ukraine and continue
Speaker 1: punishing Russia. In football, the Chiefs beat the Raiders thirty
Speaker 1: nine in baseball game one of the A l DS
Speaker 1: begins tonight. For the Yankees, they play the Guardians. The
Speaker 1: NHL season begins tonight. The Rangers take on the Lightning.
Speaker 1: Global news twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts, are more than a hundred twenty countries.
Speaker 1: Michael Barron, this is Bloomberg. Karen, all right, Michael, thank you.
Speaker 1: It is Otwalls Street, and we turned to news and
Speaker 1: science and technology now with the Bloomberg and j I
Speaker 1: T STEM Report. It is brought to you by New
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Speaker 1: T DOT E d U. And here's just making news
Speaker 1: and science, technology, engineering, and math. Chip related stocks in Japan,
Speaker 1: South Korea, and Taiwan slumped, contributing to a wipeout of
Speaker 1: more than two hundred forty billion dollars from the sector's
Speaker 1: global market value. It all comes after the Biden administration
Speaker 1: and post curbs on China's access to semiconductor technology. Amazon
Speaker 1: says it will invest almost a billion dollars to add
Speaker 1: thousands of more electric vans, long haul trucks, and cargo
Speaker 1: bikes to its delivery network in Europe. The investment would
Speaker 1: grow the number of electric delivery vans the company has
Speaker 1: in Europe from roughly three thousand to ten thousand by
Speaker 1: and The Financial Stability Board says countries should apply the
Speaker 1: same level of regulation to crypto assets and their intermediaries
Speaker 1: as they due to equivalent functions and finance if they
Speaker 1: are sufficiently governed the sector. The FSB is set to
Speaker 1: present its recommendations to G twenty finance ministers and central
Speaker 1: bank governors this week. And as a Bloomberg and j I.
Speaker 1: T Stem report, Davin, thank you, Karen. We're live from
Speaker 1: the Bloomberg Interactive Brokers studios where it's six fifty on
Speaker 1: Wall Street Time now to check what's going on in
Speaker 1: d C, where some of the top stories include President
Speaker 1: and Biden pledging air defenses to Ukraine and condemning Russia's
Speaker 1: quote utter brutality, a key senator urging a freeze on
Speaker 1: Saudi arms sales over it's stilt to Russia, and a
Speaker 1: clash in Ohio, Vance and Ryan debate in a race
Speaker 1: that could decide control of the Senate. We're joined now
Speaker 1: by Joe Matthew, host of Bloomberg Sound On, in our
Speaker 1: Washington correspondent here on Bloomberg Radio. Joe, we've been talking
Speaker 1: about it all morning, last couple of days. Of course,
Speaker 1: the war in Ukraine seems to be intensifying, and now
Speaker 1: we're getting ready for a very important meeting in just
Speaker 1: a couple hours here between President Biden and the rest
Speaker 1: of the G seven leaders, that's right, and President Zelenski himself,
Speaker 1: who will address this group as they're just getting together
Speaker 1: to meet, remembering when he addressed a joint session of
Speaker 1: Congress the store of Urgency that was created after being
Speaker 1: not not alone in a room, but will virtually in
Speaker 1: a room with lawmakers, that that has this a similar
Speaker 1: impact with world leaders when they hear him. He has
Speaker 1: an incredibly convincing tone, and following the images Nathan that
Speaker 1: we've seen in the last twenty four hours, he's got
Speaker 1: a big ask to make. Yeah. That asked, of course,
Speaker 1: that the President Zelenski has been pushing for for the
Speaker 1: last couple of days is air defenses. What are the
Speaker 1: chances we get something like that that kind of move
Speaker 1: uh from this G seven conversation. I don't know if
Speaker 1: it's gonna come specifically from this meeting. And the President
Speaker 1: Biden has a couple of things to consider today, beginning
Speaker 1: with maintaining an alliance, maintaining this unity that has really
Speaker 1: been pretty incredible over the last eight months, considering some
Speaker 1: of the challenges in terms of energy and some of
Speaker 1: the other issues that that we've heard from our European allies.
Speaker 1: But look are we are already providing air defenses. The
Speaker 1: question is what kind and and Zelenski, the Ukrainian millet
Speaker 1: terry wants longer range missiles that the incursion that we saw,
Speaker 1: this barrage of missiles, and by the way, there was
Speaker 1: another way of this early this morning, following the more
Speaker 1: than eighty missiles that were launched over the weekend from
Speaker 1: Russia on more than a dozen cities across Ukraine. It's
Speaker 1: been it's been an overwhelming barrage from Vladimir Putin. They
Speaker 1: want to be able to knock down these long range
Speaker 1: missiles before they are a threat to Ukraine. Remembering that
Speaker 1: refrain from Vladimir z Lensky said help us close the skies.
Speaker 1: Close the skies were the three words that he brought
Speaker 1: to Congress when he spoke to the Joint Session. That's
Speaker 1: gonna still be the message today. And it's not just
Speaker 1: missile defense. They still want fighter jets, Nathan. And if
Speaker 1: you go back a couple of months to that debate
Speaker 1: over providing MiG twenty nine, those Russian made fighter jets
Speaker 1: that Poland flies, they were willing to send him across
Speaker 1: the border, but they had to go through Germany on
Speaker 1: the way, and there was a lot of confusion about
Speaker 1: whether that was in our best interest, whether that would
Speaker 1: that would indicate some sort of escalation that would result
Speaker 1: in it directed a conflict between US and Russian forces.
Speaker 1: That's still being brought up over and over again. Mixed
Speaker 1: and tanks, that's what he really wants, and I'm not
Speaker 1: sure he's ever going to get those from the U. S. Well,
Speaker 1: what are you hearing and seeing in terms of cohesion
Speaker 1: among the allies, particularly when we've see this kind of
Speaker 1: barrage from Russia, this ramp up escalation of the fighting.
Speaker 1: It seems that in the past we've seen this pattern
Speaker 1: that it's brought the Allies even closer together. Is that
Speaker 1: still the case here? You're right, and I think that
Speaker 1: will be the case. I mean to see the images, Nathan,
Speaker 1: the massive crater in a in a child's playground, uh
Speaker 1: in Kiev, the direct assault on apartment buildings and neighborhoods.
Speaker 1: This is civilian infrastructure, and it changes the narrative a
Speaker 1: bit here in a way that kind of emboldens the
Speaker 1: West to try to continue to support Ukraine. If you
Speaker 1: ask Joe Biden himself, his mess w has been consistent
Speaker 1: as long as it takes keeping everyone else on board
Speaker 1: has been a little bit more of of an issue.
Speaker 1: And that goes for right here in the US as well.
Speaker 1: As we hear now from some Republicans like Josh Holly
Speaker 1: sort of questioning the level of commitment that we have,
Speaker 1: and even Donald Trump over the weekend at his two rallies,
Speaker 1: he brought this up and said that the US must
Speaker 1: pursue peace talks now, which is not something that the
Speaker 1: administration believes. Even just today Sergei lavlof, the Foreign minister
Speaker 1: in Russia saying that, hey, we'd love to sit down
Speaker 1: if the United States asks us to. And a lot
Speaker 1: of folks see that as the possible trap. Nathan, Well,
Speaker 1: even as a europe might be staying together, we've seen
Speaker 1: Saudi Arabia move closer to Russia, particularly after that OPEC
Speaker 1: plus announcement of a two billion dollar barrel production cut.
Speaker 1: Now there's this talk about taking even more action on
Speaker 1: against Saudi Arabian capitol. Yeah, this is coming from Robert Menendez.
Speaker 1: He's the chair of the Senate Foreign Relations Committee. We'll
Speaker 1: see where this goes, but he is calling for a freeze,
Speaker 1: essentially on our relationship with Saudi Arabia, particularly when it
Speaker 1: comes to providing military support. Uh A Democrat here, of course,
Speaker 1: they look, the Senate is not in session right now,
Speaker 1: and it's I don't know how much more is going
Speaker 1: to come from this than messaging. But he does suggest,
Speaker 1: as many have, that the Saudis are helping to underwrite
Speaker 1: Russia's war by by maintaining the price of oil. This
Speaker 1: is not something that the administration wanted. It was a
Speaker 1: bit of an egg on face moment for the Biden
Speaker 1: administration last week, and Democrats think we should stop talking
Speaker 1: with Saudi Arabia, at least stop sending them weapons. The
Speaker 1: fact of the matter is, though this has been a
Speaker 1: key ally for the United States for a long time,
Speaker 1: and as we consider our situation with oil supplies and
Speaker 1: security in the Middle East, that may not be changing
Speaker 1: anytime soon. In our last minute here, Joe, are four
Speaker 1: weeks away from a mid term election. We had a
Speaker 1: pretty heated debate in Ohio last night in a very
Speaker 1: important Senate race. Yeah, that's for sure. J d Vance
Speaker 1: Uh and Tim Ryan, Congressman Tim Ryan. This is for
Speaker 1: the Senate sea being vacated by Rob Portman. It was
Speaker 1: a real throw down here. A lot of times we
Speaker 1: see these debates that it's either full of messaging or
Speaker 1: it's full of nothing. This was a very substantive debate
Speaker 1: with two politicians who were really very well prepared. If
Speaker 1: you want to have a sense of what the real
Speaker 1: issues are in this campaign, realizing that they can change
Speaker 1: a bit from state to state, but on a national level,
Speaker 1: watch that debate you will be totally plugged into what
Speaker 1: the issues are now. It went from abortion rights to inflation.
Speaker 1: Of course, these are the two major issues we hear
Speaker 1: about so much, but also January six, our relationship with China.
Speaker 1: J D Vance's relationship with Donald Trump. They they went
Speaker 1: for it last night and Tim Ryan had a couple
Speaker 1: of singers, and it'll be certainly one of the many
Speaker 1: races to watch as we get closer to that midterm
Speaker 1: elections and the fight for control of Congress. As always,
Speaker 1: Joe Matthew, great to have you on with us this morning,
Speaker 1: before you come back on sound on much later this
Speaker 1: after noon five pm, and every weekday afternoon at that
Speaker 1: time right here on Bloomberg Radio. Read more at Bloomberg
Speaker 1: dot com or on the Bloomberg terminal. Follow all the
Speaker 1: latest on Bloomberg Radio in Washington. Bloomberg ninety nine one
Speaker 1: and one oh five point seven FM, HD two SMP
Speaker 1: futures right now are down twenty five point Staff futures
Speaker 1: down a hundred seventy five, nastack futures down seventy four points,
Speaker 1: so pairing some of the earlier losses on this session.
Speaker 1: UH the tenure Treasury is down down thirteen thirty seconds,
Speaker 1: the yield back down to three point nine three percent,
Speaker 1: yield on the two year just shy of four point
Speaker 1: three one percent, and i'm X screwed down two point
Speaker 1: four percent at eighty eight ninety two of barrel. Bloomberg
Speaker 1: Surveillance is next with Tom Keene, Jonathan Farrell, and Lisa
Speaker 1: Abramowitz for Karen Moscow. I'm Nathan Hager, and this is
Speaker 1: Bloomberg