1 00:00:01,880 --> 00:00:05,160 Speaker 1: From the Bloomberg Interactive Broker Studios. This is Bloomberg Day 2 00:00:05,240 --> 00:00:08,920 Speaker 1: Right for Wednesday, November six two. Coming up this hour. 3 00:00:09,240 --> 00:00:12,559 Speaker 1: Panic eases as doubts surface over whether Russia fired a 4 00:00:12,680 --> 00:00:15,960 Speaker 1: rocket into Poland Donald Trump makes it official, announcing your 5 00:00:16,040 --> 00:00:19,319 Speaker 1: run for president again. Wall Street holds tight for fresh 6 00:00:19,400 --> 00:00:22,720 Speaker 1: data on retail sales and inflation in the UK hits 7 00:00:22,720 --> 00:00:25,439 Speaker 1: a fresh forty one year high. It's going to cost 8 00:00:25,520 --> 00:00:28,200 Speaker 1: more for word cab ride in New York, plus and 9 00:00:28,400 --> 00:00:31,240 Speaker 1: lift off for part of this one. NASA begins its 10 00:00:31,280 --> 00:00:34,680 Speaker 1: quest to return to the Moon. I'm Michael Blar More ahead, 11 00:00:34,720 --> 00:00:37,080 Speaker 1: I'm John Stashow Sports, a road wind for the days, 12 00:00:37,080 --> 00:00:39,440 Speaker 1: a road loss for the Net's the devil stay hot, 13 00:00:39,479 --> 00:00:44,640 Speaker 1: and a free agent is staying with the Yankees. That's 14 00:00:44,680 --> 00:00:48,040 Speaker 1: all straining ahead on Bloomberg day Break on Bloomberg. He 15 00:00:48,120 --> 00:00:51,880 Speaker 1: liveing free on New York, Bloomberg one, Washington, d C, 16 00:00:52,360 --> 00:00:55,920 Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and 17 00:00:56,040 --> 00:01:00,080 Speaker 1: Francisco Sirius XM one nineteen and around the world the 18 00:01:00,320 --> 00:01:03,600 Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business app. 19 00:01:07,520 --> 00:01:10,600 Speaker 1: And good Morning, I'm Karen Moscow I'm Nathan Haygar. Bloomberg 20 00:01:10,640 --> 00:01:12,480 Speaker 1: day Break is brought to you by b and Why Melons. 21 00:01:12,480 --> 00:01:15,280 Speaker 1: Pershing learned why the world's most sophisticated wealth management and 22 00:01:15,400 --> 00:01:18,960 Speaker 1: institutional firms rely on Pershing to help them improve profitability, 23 00:01:19,000 --> 00:01:22,080 Speaker 1: create efficiency, attract talent, and manage rates. Got Pershing dot 24 00:01:22,080 --> 00:01:26,319 Speaker 1: Com us nock index futures are on the rise this morning. 25 00:01:26,319 --> 00:01:28,200 Speaker 1: It is six oh one on Wall Street. We check 26 00:01:28,240 --> 00:01:31,320 Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg, 27 00:01:31,720 --> 00:01:34,400 Speaker 1: SNP Future is up seven points down, Future is up 28 00:01:34,400 --> 00:01:38,280 Speaker 1: sixty seven NASDAG futures up nine Tenure Treasury down four 29 00:01:38,319 --> 00:01:41,400 Speaker 1: thirty seconds. He'll three point seven eight percent yield on 30 00:01:41,480 --> 00:01:44,360 Speaker 1: a two year four point three five percent and nine back. 31 00:01:44,400 --> 00:01:46,600 Speaker 1: Screwed oil is up a quarter percent, or twenty three 32 00:01:46,600 --> 00:01:49,840 Speaker 1: cents at eighty seven dollars fourteen cents of barrel. Nathan, Karen, 33 00:01:49,840 --> 00:01:51,480 Speaker 1: we want to get you the latest on the rockets 34 00:01:51,480 --> 00:01:54,120 Speaker 1: strike now that killed two people in Poland, just over 35 00:01:54,160 --> 00:01:57,720 Speaker 1: the border from Ukraine. Some leaders initially suggested Russia was 36 00:01:57,760 --> 00:02:01,520 Speaker 1: behind the attack, but President Biden is jinks there is 37 00:02:01,680 --> 00:02:04,960 Speaker 1: former information that contests that I don't want to say 38 00:02:05,000 --> 00:02:09,560 Speaker 1: that until we completely investigate. But unlikely in the minds 39 00:02:09,600 --> 00:02:12,960 Speaker 1: of the three that it was fired from Russian. But well, 40 00:02:13,000 --> 00:02:16,040 Speaker 1: we'll see. President Bin spoke from the G twenty summit 41 00:02:16,080 --> 00:02:19,200 Speaker 1: in Bali, Indonesia. Bloomberg's Rosaland Matheson is there and has 42 00:02:19,240 --> 00:02:21,960 Speaker 1: more on the situation. It seems that there are doubts 43 00:02:21,960 --> 00:02:25,240 Speaker 1: growing that in fact it was even potentially a rocket 44 00:02:25,280 --> 00:02:28,680 Speaker 1: that was fired by Russia from Russia. Um and of 45 00:02:28,720 --> 00:02:31,040 Speaker 1: course there are questions about whether it was in fact 46 00:02:31,720 --> 00:02:34,560 Speaker 1: it's something that might have been deflected by Ukrainian anti 47 00:02:34,600 --> 00:02:37,880 Speaker 1: missile defenses or indeed, if it was from Russia, perhaps 48 00:02:38,160 --> 00:02:41,240 Speaker 1: it was a missfar and unintentional. Either way, the message 49 00:02:41,320 --> 00:02:44,640 Speaker 1: very clearly coming from leaders here, be they from Europe, 50 00:02:44,680 --> 00:02:48,880 Speaker 1: the US, or the Turkish president Urduwuan a short time ago, 51 00:02:49,120 --> 00:02:51,760 Speaker 1: is that they don't think this needs to sort of 52 00:02:52,320 --> 00:02:56,560 Speaker 1: escalate tensions directly with Russia. Bloombergs Rose Matheson reports President 53 00:02:56,639 --> 00:02:59,799 Speaker 1: Biden's pledging his full support for Poland's investigation into the 54 00:03:00,040 --> 00:03:03,280 Speaker 1: could strike. Behind the scenes, sources say Biden's telling allies 55 00:03:03,320 --> 00:03:07,320 Speaker 1: the blast was likely caused by Ukraine's air defense systems. Still, Nathan, 56 00:03:07,320 --> 00:03:10,000 Speaker 1: there's no confirmation on the exact source of the blast. 57 00:03:10,080 --> 00:03:13,079 Speaker 1: NATO ambassadors are meeting in Brussels for emergency talks to 58 00:03:13,080 --> 00:03:16,640 Speaker 1: away their response. Former Defense Secretary Mark Esper is making 59 00:03:16,639 --> 00:03:20,160 Speaker 1: a case for a bolstering Ukraine's air defenses. Think about 60 00:03:20,160 --> 00:03:22,480 Speaker 1: how far this Russian missile would have had to travel 61 00:03:22,520 --> 00:03:27,160 Speaker 1: across Ukraine to pass into the Polish border. There were 62 00:03:27,240 --> 00:03:30,240 Speaker 1: numerous opportunities to shoot this thing down, and so I 63 00:03:30,280 --> 00:03:33,120 Speaker 1: think it's a call to accelerate the provision of air 64 00:03:33,160 --> 00:03:36,400 Speaker 1: defenses to Ukraine as well. Former Defense Secretary Mark Espers 65 00:03:36,440 --> 00:03:39,560 Speaker 1: book at our Washington corresponded Joe Matthew Lady yesterday on 66 00:03:39,560 --> 00:03:42,560 Speaker 1: Bloomberg Sound on Catch the show weekdays at five pm 67 00:03:42,560 --> 00:03:45,720 Speaker 1: Eastern on Bloomberg Radio, and just quickly passing along this 68 00:03:45,840 --> 00:03:48,920 Speaker 1: red headline, Poland says nothing suggests the missile hit was 69 00:03:49,000 --> 00:03:51,720 Speaker 1: an intentional attack. Let's turn to politics back home in 70 00:03:51,720 --> 00:03:54,040 Speaker 1: the US now, because the familiar faces front and center 71 00:03:54,120 --> 00:03:57,000 Speaker 1: this morning. Former President Donald Trump has officially entered the 72 00:03:58,000 --> 00:04:00,200 Speaker 1: race for the White House. Amy Morris has more from 73 00:04:00,200 --> 00:04:04,160 Speaker 1: our Bloomberg rom in Washington. His campaign filed the paperwork 74 00:04:04,280 --> 00:04:07,520 Speaker 1: just minutes before Donald Trump announced his candidacy and a 75 00:04:07,640 --> 00:04:11,360 Speaker 1: third run for the White House. My fellow citizens, America's 76 00:04:11,400 --> 00:04:16,520 Speaker 1: comeback starts right now. Trump made the announcement as many 77 00:04:16,520 --> 00:04:19,560 Speaker 1: Republicans are moving away from him, many in the party 78 00:04:19,720 --> 00:04:21,960 Speaker 1: asking him to wait until after the Senate race is 79 00:04:22,000 --> 00:04:25,000 Speaker 1: settled in Georgia. As many Trump endorsed candidates in the 80 00:04:25,000 --> 00:04:28,479 Speaker 1: mid terms were rejected by voters, Trump claimed America will 81 00:04:28,520 --> 00:04:32,400 Speaker 1: decline unless he's reelected. This will not be my campaign, 82 00:04:33,040 --> 00:04:36,719 Speaker 1: this will be our campaign or wild. Trump may have 83 00:04:36,760 --> 00:04:39,640 Speaker 1: wanted to freeze out other Republicans eyeing a presidential run. 84 00:04:39,839 --> 00:04:44,919 Speaker 1: Republican strategists believe potential challengers are now emboldened. In Washington. 85 00:04:44,960 --> 00:04:47,560 Speaker 1: I'm mayby Moore as Bloomberg daybreak. All right, Amy, thank you. 86 00:04:47,600 --> 00:04:49,480 Speaker 1: Returned to the economy now where we get a key 87 00:04:49,520 --> 00:04:52,359 Speaker 1: reading on retail sales. This morning forecast fall for a 88 00:04:52,400 --> 00:04:56,160 Speaker 1: gain of one person in October. Bloomberg Economics corresponded. Michael 89 00:04:56,240 --> 00:04:59,359 Speaker 1: McKee has more the headline change in retail sales for 90 00:04:59,440 --> 00:05:03,039 Speaker 1: October is likely to be misleading. Gasoline prices were up, 91 00:05:03,200 --> 00:05:06,800 Speaker 1: adding to sales, and many in Florida were replacing hurricane 92 00:05:06,880 --> 00:05:11,560 Speaker 1: damaged cars. It's core retail sales excluding gas cars and 93 00:05:11,600 --> 00:05:15,440 Speaker 1: building materials that will matter and their economists are anticipating 94 00:05:15,520 --> 00:05:19,200 Speaker 1: a slowdown. Gains at department stores, food stores, and general 95 00:05:19,240 --> 00:05:24,120 Speaker 1: merchandise stores will be boosted by inflation rather than increased purchases. 96 00:05:24,520 --> 00:05:28,520 Speaker 1: Red Book Research reported a soft weekly sales index, and 97 00:05:28,680 --> 00:05:31,600 Speaker 1: the New York Fed reports Americans are turning from savings 98 00:05:31,600 --> 00:05:35,320 Speaker 1: to credit cards to keep spending, which is likely unsustainable. 99 00:05:35,800 --> 00:05:38,839 Speaker 1: Michael McKee bloom Brig Daybreak, Thanks Mike. That retail sales 100 00:05:38,880 --> 00:05:40,839 Speaker 1: report will be one of many the FED is watching. 101 00:05:40,920 --> 00:05:44,000 Speaker 1: FED Vice Chair for Supervision Michael Bar cautions the economy 102 00:05:44,000 --> 00:05:46,040 Speaker 1: will surely take a hit as the central bank and 103 00:05:46,120 --> 00:05:49,880 Speaker 1: frontside inflation. Inflation right now is far too high. I 104 00:05:49,920 --> 00:05:51,960 Speaker 1: think that it's the case that we're going to see 105 00:05:52,000 --> 00:05:55,720 Speaker 1: significant softening in the economy. FED Vice Chare for Supervision. 106 00:05:55,720 --> 00:05:59,080 Speaker 1: Michael Bar spoke at the Senate Banking Committee in Washington. Meantime, 107 00:05:59,120 --> 00:06:02,400 Speaker 1: across the Pond, Nathan inflation also a focus. Prices in 108 00:06:02,440 --> 00:06:04,360 Speaker 1: the UK have now hit a forty one year high. 109 00:06:04,440 --> 00:06:07,200 Speaker 1: To get the details from bloomberrys Lizzie burden in London 110 00:06:07,400 --> 00:06:10,719 Speaker 1: has been driven by gas and electricity prices. That is 111 00:06:10,760 --> 00:06:14,679 Speaker 1: the biggest contributor despite the government's support. But it's also 112 00:06:14,800 --> 00:06:19,160 Speaker 1: food that's the second biggest contribution, also housing and household services, 113 00:06:19,440 --> 00:06:22,320 Speaker 1: and our economists at Bloomberg Economics say the Bank of 114 00:06:22,320 --> 00:06:24,960 Speaker 1: England isn't likely to take its foot off the break 115 00:06:25,000 --> 00:06:28,960 Speaker 1: in terms of interest rate rises until services inflation drops 116 00:06:29,000 --> 00:06:33,000 Speaker 1: back towards its long term average. Bloomberg's Lizzie Burden reports 117 00:06:33,080 --> 00:06:36,040 Speaker 1: the UK's consumer prices index for October rose at an 118 00:06:36,080 --> 00:06:39,240 Speaker 1: annual rate at eleven point one percent. In corporate news 119 00:06:39,240 --> 00:06:41,760 Speaker 1: this morning, Karen Elon Musk is in the spotlight again. 120 00:06:41,800 --> 00:06:44,560 Speaker 1: The Washington Post is reporting Musk told Twitter employees they 121 00:06:44,560 --> 00:06:47,680 Speaker 1: either have to commit to a new hardcore Twitter or 122 00:06:47,720 --> 00:06:50,160 Speaker 1: they should leave. Paper says employees have to click a 123 00:06:50,200 --> 00:06:53,080 Speaker 1: link to confirm commitment to the new Twitter by tomorrow. 124 00:06:53,160 --> 00:06:55,800 Speaker 1: If they don't, they'll receive three months of severance pay. 125 00:06:56,200 --> 00:06:58,159 Speaker 1: And now the latest on the collapse of ft X, 126 00:06:58,279 --> 00:07:00,479 Speaker 1: Nathan Bloomberg News has learned at the preties in the 127 00:07:00,560 --> 00:07:04,239 Speaker 1: US and the Bahamas are discussing possibly bringing Sam bankmin 128 00:07:04,360 --> 00:07:07,480 Speaker 1: Free to the US for questioning. Sources say the conversations 129 00:07:07,480 --> 00:07:10,320 Speaker 1: between officials and the two countries have intensified in recent 130 00:07:10,400 --> 00:07:12,760 Speaker 1: days as they probe his role in the implosion of 131 00:07:12,800 --> 00:07:16,040 Speaker 1: cryptocurrency firm f t X. Sure to have your latest 132 00:07:16,200 --> 00:07:23,960 Speaker 1: local headlines and this is Bloomberg. Thanks Karen six o 133 00:07:24,080 --> 00:07:26,560 Speaker 1: seven on Wall Street, forty two degrees in Central Park, 134 00:07:26,600 --> 00:07:29,160 Speaker 1: going to the low fifties today, I gotta crash South 135 00:07:29,200 --> 00:07:32,320 Speaker 1: Bend FDR drive at sixty three Street. Michael bars here 136 00:07:32,320 --> 00:07:33,920 Speaker 1: with what else is going on in New York and 137 00:07:34,000 --> 00:07:36,520 Speaker 1: around the world. Good morning, Michael, Good morning Nathan. A 138 00:07:36,640 --> 00:07:39,960 Speaker 1: taxi ride is going to cost you hail of a 139 00:07:40,040 --> 00:07:42,880 Speaker 1: lot more. New York City cab writers will see a 140 00:07:42,920 --> 00:07:47,000 Speaker 1: twenty three increase in metered fairs. It's the first time 141 00:07:47,080 --> 00:07:50,480 Speaker 1: since twelve following a vote from the city's Taxi and 142 00:07:50,560 --> 00:07:54,960 Speaker 1: Limousine Commission. The t l C also says passengers will 143 00:07:55,040 --> 00:07:58,360 Speaker 1: also face an increase in rush hour and overnight search 144 00:07:58,400 --> 00:08:02,760 Speaker 1: charges and airport flat rates. The increases will also affect 145 00:08:02,840 --> 00:08:06,600 Speaker 1: per mile and permanent rates for Uber and Lift and 146 00:08:06,640 --> 00:08:10,120 Speaker 1: are expected to go into effect before year end. The 147 00:08:10,160 --> 00:08:14,440 Speaker 1: battle for Republican leadership in the next session continues. Bloomberg's 148 00:08:14,480 --> 00:08:17,920 Speaker 1: at Baxter reports Senator Rick Scott has told fellow GOP 149 00:08:18,080 --> 00:08:21,640 Speaker 1: senators he will challenge Senate Minority Leader Mitch McConnell to 150 00:08:21,840 --> 00:08:24,320 Speaker 1: be leader of the party in the Chamber next year, 151 00:08:24,640 --> 00:08:27,840 Speaker 1: and he immediately made the debt limit his keystone issue 152 00:08:27,880 --> 00:08:31,520 Speaker 1: for the moment, saying it can't be done until Democrats 153 00:08:31,520 --> 00:08:34,679 Speaker 1: agree to federal spending cuts. McConnell says he has the 154 00:08:34,760 --> 00:08:38,520 Speaker 1: votes to remain Senate GOP leader. Meanwhile, Kevin McCarthy is 155 00:08:38,559 --> 00:08:41,160 Speaker 1: one preliminary support of the GOP two be House speaker. 156 00:08:41,480 --> 00:08:43,080 Speaker 1: He will need to get a majority of the votes 157 00:08:43,120 --> 00:08:45,719 Speaker 1: in the House to be elected in the new term. 158 00:08:45,760 --> 00:08:48,880 Speaker 1: In San Francisco, I'm at Baxter Bloomberg Gabriad. A judge 159 00:08:48,880 --> 00:08:51,719 Speaker 1: in New York dismissed a lawsuit by Mary Trump, who 160 00:08:51,720 --> 00:08:55,640 Speaker 1: alleged her uncle, the former president, and his siblings scheme 161 00:08:55,760 --> 00:08:58,880 Speaker 1: to siphon money from her share of the family business. 162 00:08:59,360 --> 00:09:02,560 Speaker 1: The judge at her claims were barred by releases she 163 00:09:02,640 --> 00:09:06,200 Speaker 1: had previously signed with members of her family. It's the 164 00:09:06,240 --> 00:09:09,520 Speaker 1: second legal victory for former President Trump, and as many 165 00:09:09,600 --> 00:09:13,080 Speaker 1: days after a federal judge dismissed a lawsuit by his 166 00:09:13,240 --> 00:09:17,160 Speaker 1: one time fixer, Michael Cohen. Mary Trump's attorney vow to appeal. 167 00:09:17,559 --> 00:09:20,880 Speaker 1: The US is heading back to the moon NASA launched 168 00:09:20,920 --> 00:09:25,520 Speaker 1: his first Artemis rocket overnight from Cape Canaveral, Florida, and 169 00:09:25,679 --> 00:09:29,440 Speaker 1: lift off of Artimus one, we rise together back to 170 00:09:29,480 --> 00:09:34,720 Speaker 1: the boon and beyond. The unmanned, multibillion dollar rocket mission 171 00:09:34,720 --> 00:09:37,400 Speaker 1: will go around the Moon and back. If successful, it 172 00:09:37,400 --> 00:09:40,480 Speaker 1: will eventually return astronauts to the Moon for the first 173 00:09:40,480 --> 00:09:44,280 Speaker 1: time since Apollo into the nineteen seventy two Global News 174 00:09:44,280 --> 00:09:47,760 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 175 00:09:48,080 --> 00:09:51,360 Speaker 1: powered by more than hundred journalists and analysts and more 176 00:09:51,360 --> 00:09:54,360 Speaker 1: than a hundred twenty countries. I'm Michael Varren. This is 177 00:09:54,360 --> 00:10:01,600 Speaker 1: Bloomberg Nathan. Thank you, Michael six o nine on Wall 178 00:10:01,600 --> 00:10:03,599 Speaker 1: Street time for the Bloomberg Sports Update. Prot if I 179 00:10:03,679 --> 00:10:06,120 Speaker 1: try stayed out of use, John sesshow all right, Anathan 180 00:10:06,120 --> 00:10:08,000 Speaker 1: and Knicks and Nets are both out West. A win 181 00:10:08,080 --> 00:10:10,800 Speaker 1: for the Hicks as they began a challenging five game trip. 182 00:10:10,840 --> 00:10:14,400 Speaker 1: They beat Utah one eighteen one eleven Jalen Brunson twenty 183 00:10:14,400 --> 00:10:17,120 Speaker 1: five points with eight assists, and the Knicks rebound from 184 00:10:17,160 --> 00:10:20,240 Speaker 1: that horrific defensive outing and that lost this past Sunday. 185 00:10:20,240 --> 00:10:23,520 Speaker 1: Speaking of horrific defense, most points the Nets have ever 186 00:10:23,559 --> 00:10:28,120 Speaker 1: allowed Sacramento shot six. The King's won one fifty three 187 00:10:28,200 --> 00:10:31,520 Speaker 1: to one one. Terrence Davis came in averaging six points 188 00:10:31,520 --> 00:10:34,040 Speaker 1: a game. He scored thirty one make it ten straight 189 00:10:34,040 --> 00:10:36,000 Speaker 1: wins for the Devil's, two goals for jack Us and 190 00:10:36,040 --> 00:10:38,560 Speaker 1: a five one win at Montreal. St. John's now three 191 00:10:38,559 --> 00:10:42,120 Speaker 1: and o nine one seventy four at home over Central Connecticut. 192 00:10:42,120 --> 00:10:45,280 Speaker 1: It was a big double header in Indianapolis. Kansas beat 193 00:10:45,360 --> 00:10:48,920 Speaker 1: Duke after Michigan State ups at Kentucky in double overtime. Also, 194 00:10:49,040 --> 00:10:52,640 Speaker 1: Colgate for the second straight year, won at Syracuse. A 195 00:10:52,760 --> 00:10:55,520 Speaker 1: Yankee free agent slug or staying with the team. It's 196 00:10:55,559 --> 00:10:57,400 Speaker 1: not Aaron Judge, we don't know yet about him, but 197 00:10:57,440 --> 00:11:00,480 Speaker 1: Anthony Rizzo, who hit not sixty two but earning two 198 00:11:00,520 --> 00:11:03,320 Speaker 1: home runs. Hasn't do two years. D forty million guaranteed 199 00:11:03,640 --> 00:11:06,240 Speaker 1: the Mets. Buck show Alter named National League Manager of 200 00:11:06,240 --> 00:11:08,280 Speaker 1: the Year and was a close vote. He's now won 201 00:11:08,360 --> 00:11:12,280 Speaker 1: four times to four different teams former Giants grade Eli Man. 202 00:11:12,280 --> 00:11:15,040 Speaker 1: He was on Bloomberg Radio yesterday to discuss his private 203 00:11:15,080 --> 00:11:18,200 Speaker 1: equity group. We also weighed in on the surprising success 204 00:11:18,240 --> 00:11:21,000 Speaker 1: of his former team. Daniel Jones is playing great stake 205 00:11:21,040 --> 00:11:23,880 Speaker 1: Quin's running up. You know, running hard. Defense is playing well. 206 00:11:24,000 --> 00:11:27,040 Speaker 1: So in the most important thing, they're finding ways to 207 00:11:27,160 --> 00:11:30,520 Speaker 1: win close games. And they're find ways to close games out. 208 00:11:30,559 --> 00:11:32,320 Speaker 1: And that's something we have they'll do for a while 209 00:11:32,400 --> 00:11:34,720 Speaker 1: and and what that does It Also this prepares me 210 00:11:34,800 --> 00:11:36,960 Speaker 1: for late in the year. You're gonna have these close games. 211 00:11:37,000 --> 00:11:39,160 Speaker 1: Can you win them? They're they're they're kind of tried 212 00:11:39,200 --> 00:11:41,559 Speaker 1: and tested, and I think it's a been a good run. 213 00:11:41,600 --> 00:11:44,079 Speaker 1: Giants for seven and two of their home Sunday for Detroit, 214 00:11:44,160 --> 00:11:47,160 Speaker 1: John Stashwar, Bloomberg Sports. Yeah, we'll have more on Eli 215 00:11:47,200 --> 00:11:50,720 Speaker 1: Manning's private equity run later this hour on Bloomberg Daybreaks, 216 00:11:50,760 --> 00:11:53,520 Speaker 1: so stick around for that. Sp futures right now are 217 00:11:53,600 --> 00:11:56,520 Speaker 1: little change to the upside death futures up twenty two points, 218 00:11:56,600 --> 00:12:00,440 Speaker 1: Nastack futures have turned a bit lower now down sixteen points. 219 00:12:00,480 --> 00:12:08,560 Speaker 1: You're listening to Bloomberg day Break. Bloomberg Sports is brought 220 00:12:08,600 --> 00:12:10,680 Speaker 1: to you by Audie. Don't let someone else drive off 221 00:12:10,679 --> 00:12:13,080 Speaker 1: in the autie model you've always wanted. Visit your local 222 00:12:13,120 --> 00:12:15,120 Speaker 1: Tri state autie healer to get behind the wheel of 223 00:12:15,120 --> 00:12:22,480 Speaker 1: yours today, or visit autie Offers dot Com for more information, markets, 224 00:12:22,559 --> 00:12:25,640 Speaker 1: headlines and breaking news twenty four hours a day at 225 00:12:25,679 --> 00:12:29,040 Speaker 1: Bloomberg dot Com, the Bloomberg Business Out and at Bloomberg 226 00:12:29,160 --> 00:12:38,959 Speaker 1: Quicktape's a Bloomberg Business Lash. And I'm Karen Moscow and 227 00:12:39,000 --> 00:12:41,559 Speaker 1: we're watching these headlines across the Bloomberg this morning, with 228 00:12:41,679 --> 00:12:44,520 Speaker 1: sources telling Bloomberg no Varnis is wearing sales of non 229 00:12:44,600 --> 00:12:47,520 Speaker 1: core assets as it seeks to raise money to invest 230 00:12:47,559 --> 00:12:50,880 Speaker 1: in cutting edge medicines. A Swiss pharmaceutical giant is said 231 00:12:50,880 --> 00:12:53,080 Speaker 1: to be in the early stages of considering options for 232 00:12:53,120 --> 00:12:58,080 Speaker 1: its ophthalmology and respiratory units. Meanwhile, S ANDP futures this 233 00:12:58,160 --> 00:13:01,839 Speaker 1: morning are now little change giving up their gamestown future 234 00:13:01,880 --> 00:13:04,680 Speaker 1: is little changed as well, and so are NASDAG futures, 235 00:13:04,720 --> 00:13:08,440 Speaker 1: which are now leading lower down about eleven points right now. 236 00:13:08,480 --> 00:13:11,000 Speaker 1: The decks in Germany down about nine tenths of uppercent 237 00:13:11,360 --> 00:13:13,760 Speaker 1: ten year treasury down four thirty seconds, you know, three 238 00:13:13,760 --> 00:13:15,839 Speaker 1: point seven eight percent they yield on the two year 239 00:13:15,920 --> 00:13:19,120 Speaker 1: four point three six percent. Nine Beck scrude oil is 240 00:13:19,160 --> 00:13:21,040 Speaker 1: of a quarter percent, or twenty two cents and eighty 241 00:13:21,040 --> 00:13:24,320 Speaker 1: seven dollars fourteen cents of barrel comics schooled up half percent, 242 00:13:24,400 --> 00:13:26,840 Speaker 1: or nine dollars ten cents at seventeen eighty five ninety 243 00:13:26,880 --> 00:13:29,959 Speaker 1: announce the euro one point oh four to six against 244 00:13:30,000 --> 00:13:32,680 Speaker 1: the dollar, British found one point one one three they 245 00:13:32,760 --> 00:13:35,720 Speaker 1: had one thirty nine point three nine and Bitcoin this 246 00:13:35,800 --> 00:13:38,679 Speaker 1: morning down nine tenths of a percent at sixteen thousand, 247 00:13:38,760 --> 00:13:41,800 Speaker 1: seven hundred dollars. That's a Bloomberg business flash. Now here's 248 00:13:41,840 --> 00:13:44,280 Speaker 1: Michael Barr with more on what's going on around the world. 249 00:13:44,360 --> 00:13:47,160 Speaker 1: Michael Karen, thank you very much. President Joe Biden and 250 00:13:47,240 --> 00:13:50,680 Speaker 1: key European leaders are urging caution after a rockets rock 251 00:13:50,720 --> 00:13:54,120 Speaker 1: a Polish village just over the border from Ukraine, killing 252 00:13:54,120 --> 00:13:57,040 Speaker 1: two people. However, there are doubts whether the Russia was 253 00:13:57,080 --> 00:14:00,400 Speaker 1: to blame. According to officials familiar with the matter, Biden 254 00:14:00,520 --> 00:14:03,600 Speaker 1: told allies in Ballet that the explosion was caused by 255 00:14:03,800 --> 00:14:07,800 Speaker 1: Ukrainian air defenses, but was ultimately sparked by the Russian 256 00:14:07,840 --> 00:14:10,120 Speaker 1: missile barrage on Ukraine. Will have more in this story 257 00:14:10,120 --> 00:14:13,559 Speaker 1: in a few moments. Former President Trump announced last night 258 00:14:13,640 --> 00:14:17,160 Speaker 1: that he is formally launching his bid for the White House. 259 00:14:17,480 --> 00:14:19,360 Speaker 1: The US is heading back to the Moon for the 260 00:14:19,400 --> 00:14:23,600 Speaker 1: first time in five decades, NASA successfully launched the Artemius 261 00:14:23,760 --> 00:14:26,760 Speaker 1: mission overnight from Florida in the NBA. The next one, 262 00:14:26,800 --> 00:14:29,480 Speaker 1: the That's Lost in the NHL. The Devil's won their 263 00:14:29,560 --> 00:14:32,800 Speaker 1: tenth straight The Capital's Lost. Global News twenty four hours 264 00:14:32,800 --> 00:14:35,760 Speaker 1: a day on air end on Bloomberg Quicktake, powered by 265 00:14:35,760 --> 00:14:38,200 Speaker 1: more than twenty seven hundred journalist and analysts more than 266 00:14:38,240 --> 00:14:41,440 Speaker 1: a hundred twenty countries. Michael bar This is Bloomberg, Nathan. 267 00:14:41,600 --> 00:14:43,840 Speaker 1: Thanks Michael. At six nineteen on Wall Street Live from 268 00:14:43,880 --> 00:14:47,560 Speaker 1: the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak and 269 00:14:47,600 --> 00:14:50,000 Speaker 1: let's get more now on this rocket strike into Poland. 270 00:14:50,000 --> 00:14:53,080 Speaker 1: Bloomberg News White House Editor Alex Wayne is joining us 271 00:14:53,080 --> 00:14:56,400 Speaker 1: now live from Bali, Indonesia, part of our team covering 272 00:14:56,440 --> 00:14:59,920 Speaker 1: the G twenty summit in Bali. Alex, it's great just 273 00:15:00,000 --> 00:15:02,360 Speaker 1: speak with you as always, and it does sound, at 274 00:15:02,440 --> 00:15:05,920 Speaker 1: least on the reporting we're hearing, that consensus is building 275 00:15:05,960 --> 00:15:11,120 Speaker 1: that Russia wasn't at least directly responsible for this strike. 276 00:15:11,240 --> 00:15:14,240 Speaker 1: What's the latest you can tell us, Yeah, but let's 277 00:15:14,280 --> 00:15:16,280 Speaker 1: be clear, this wouldn't have happened for Russia. War in 278 00:15:16,320 --> 00:15:19,280 Speaker 1: the middle of the Ukraine and shooting a war against 279 00:15:20,280 --> 00:15:25,360 Speaker 1: attacking its neighbor, garaging Similian power facilities with missiles. UM, 280 00:15:25,440 --> 00:15:29,320 Speaker 1: this is this is I would say this is directly Russia. 281 00:15:29,920 --> 00:15:33,360 Speaker 1: Mr King help, But that said, UM, what happened here? 282 00:15:33,400 --> 00:15:37,120 Speaker 1: But this this morning, Um, I'm morning considered Indonesia. We 283 00:15:37,160 --> 00:15:41,400 Speaker 1: woke up to find the UM missile landing Poland. Because 284 00:15:41,720 --> 00:15:44,800 Speaker 1: I quite a fuss here at the tent. The president 285 00:15:44,840 --> 00:15:47,920 Speaker 1: President bud help the emergency getting at this hotel where 286 00:15:47,920 --> 00:15:51,760 Speaker 1: he gathered US allies talk about what had happened. They 287 00:15:51,840 --> 00:15:54,480 Speaker 1: plugged work for Poland as it is invest against the incident. 288 00:15:55,000 --> 00:15:58,640 Speaker 1: UM fairly correctly. They determined that uh, it seems that 289 00:15:59,160 --> 00:16:02,320 Speaker 1: the soul was an actual piece of mersion Organs was 290 00:16:02,440 --> 00:16:07,400 Speaker 1: rather Ukrainians. It was probably fired at the Russians muscles. Alright. 291 00:16:07,440 --> 00:16:10,400 Speaker 1: So from what I'm hearing, the apologies for the quality 292 00:16:10,400 --> 00:16:13,280 Speaker 1: of the line they're from Bali, Indonesia. But it sounds 293 00:16:13,320 --> 00:16:18,360 Speaker 1: as though Ukrainian air defenses are at least being seen 294 00:16:18,440 --> 00:16:22,480 Speaker 1: as having some kind of responsibility for this. What kind 295 00:16:22,520 --> 00:16:26,040 Speaker 1: of response could that mean from the US and NATO. 296 00:16:27,400 --> 00:16:29,880 Speaker 1: It's pretty clear that the US NATO are are trying 297 00:16:29,880 --> 00:16:33,720 Speaker 1: to loyal estal invasion here. With the Russians. UM. There's 298 00:16:33,760 --> 00:16:35,960 Speaker 1: been a lot of criticism of Russian upord these missile 299 00:16:36,000 --> 00:16:42,240 Speaker 1: strikes on Ukrainian UH civilian infrastructure around the country, Russia particularly, 300 00:16:42,520 --> 00:16:45,200 Speaker 1: so could the intendency of these attacks bring the G 301 00:16:45,360 --> 00:16:50,240 Speaker 1: twenty UM president insidence seems to be pretty offended by UM. 302 00:16:50,480 --> 00:16:54,280 Speaker 1: So there's you know, there's no there's no hold train 303 00:16:54,320 --> 00:16:57,320 Speaker 1: a couple for this. This was Ukraine trying to defended 304 00:16:58,240 --> 00:17:02,320 Speaker 1: UM so it's we seem a may do with Rush 305 00:17:03,960 --> 00:17:07,280 Speaker 1: any responsibility of comistener, although obviously it would happen unless 306 00:17:07,280 --> 00:17:14,639 Speaker 1: they were right. Bloomberg's Alex Wayne joining us live from Bali, Indonesia, 307 00:17:14,680 --> 00:17:17,359 Speaker 1: our White House editor again part of our team covering 308 00:17:17,440 --> 00:17:19,920 Speaker 1: the G twenty summit in Bali, and again the very 309 00:17:20,000 --> 00:17:23,600 Speaker 1: latest we're hearing from the US President Biden. Now from 310 00:17:23,600 --> 00:17:27,679 Speaker 1: Polish President Andre Dooda, after consultations with allies, saying there 311 00:17:27,680 --> 00:17:31,120 Speaker 1: are no indications that the rocket that hit their territory 312 00:17:31,200 --> 00:17:35,840 Speaker 1: yesterday was an intentional attack by Russia. Dudah is saying 313 00:17:35,880 --> 00:17:38,760 Speaker 1: that most likely, quote this was an unfortunate accident, that 314 00:17:38,800 --> 00:17:42,480 Speaker 1: the missile was probably part of Ukraine's air defenses. But 315 00:17:42,520 --> 00:17:45,560 Speaker 1: we're going to continue monitoring developments as well as what 316 00:17:45,640 --> 00:17:49,120 Speaker 1: NATO's potential response to this could be as the war 317 00:17:49,160 --> 00:17:52,919 Speaker 1: in Ukraine continues. Stay with Bloomberg Radio for the very latest. 318 00:17:53,240 --> 00:17:55,040 Speaker 1: I want to turn it over there to Karen Moscow. 319 00:17:55,119 --> 00:17:57,040 Speaker 1: Let's get a market check, Karen. How are things looking now? 320 00:17:57,400 --> 00:17:59,400 Speaker 1: All right? Nathan? Thank you are We continue to watch 321 00:17:59,440 --> 00:18:02,399 Speaker 1: futures this morning. They have been giving up some of 322 00:18:02,400 --> 00:18:05,320 Speaker 1: their gains. SNP Future is still on the rise, though 323 00:18:05,400 --> 00:18:08,280 Speaker 1: up about five points down Future is now at forty 324 00:18:08,400 --> 00:18:11,800 Speaker 1: six and Nazdag futures little change. The decks in Germany 325 00:18:11,880 --> 00:18:14,000 Speaker 1: is down about eight tens of upper cent. Ten year 326 00:18:14,040 --> 00:18:17,600 Speaker 1: treasury is down four thirty seconds. The three points seven 327 00:18:17,640 --> 00:18:19,560 Speaker 1: eight percent right now, and the yield on the two 328 00:18:19,640 --> 00:18:22,440 Speaker 1: year four point three six percent. Also watching the thirty 329 00:18:22,480 --> 00:18:25,239 Speaker 1: year yield at three point nine seven percent. Nine night. 330 00:18:25,320 --> 00:18:28,399 Speaker 1: Scrude oil is moving higher, up four tens of upper 331 00:18:28,400 --> 00:18:31,399 Speaker 1: cent or thirty seven cents at eighty seven dollars, twenty 332 00:18:31,480 --> 00:18:34,840 Speaker 1: nine cents of barrel and Comax gold up half percent. 333 00:18:34,880 --> 00:18:38,200 Speaker 1: It's of nine dollars at seventeen eighty five eighty announced. 334 00:18:38,560 --> 00:18:41,959 Speaker 1: The euro this morning one point oh four to two 335 00:18:42,280 --> 00:18:45,000 Speaker 1: against the dollar. British pound one point one nine oh 336 00:18:45,040 --> 00:18:47,560 Speaker 1: six and the yen is at one thirty nine point 337 00:18:47,600 --> 00:18:51,520 Speaker 1: four four bitcoin at sixteen thousand, seven hundred dollars. It 338 00:18:51,640 --> 00:18:54,399 Speaker 1: is six twenty three on Wall Street. The following is 339 00:18:54,440 --> 00:18:58,520 Speaker 1: an editorial from Bloomberg Opinion. This editorial was written by 340 00:18:58,520 --> 00:19:03,080 Speaker 1: the Bloomberg Editorial Board. Investors have been celebrating recent inflation data, 341 00:19:03,359 --> 00:19:06,640 Speaker 1: which showed both consumer and producer prices rising by less 342 00:19:06,640 --> 00:19:09,479 Speaker 1: than expected in October, but don't get carried away by 343 00:19:09,560 --> 00:19:12,320 Speaker 1: single month's numbers. It's too soon to be sure that 344 00:19:12,359 --> 00:19:15,320 Speaker 1: the pace of monetary heightening can be safely scaled back. 345 00:19:15,760 --> 00:19:18,679 Speaker 1: New supply side shocks would change everything, and Congress has 346 00:19:18,720 --> 00:19:21,639 Speaker 1: to avoid throwing a wrench into the works. And before 347 00:19:21,640 --> 00:19:24,720 Speaker 1: the Federal Reserve makes its next interest rate decision in December, 348 00:19:25,000 --> 00:19:27,800 Speaker 1: it will have another inflation report and new labor market 349 00:19:27,880 --> 00:19:31,480 Speaker 1: data to consider. For the moment, then investors would be 350 00:19:31,480 --> 00:19:34,320 Speaker 1: wise to reign in their joy. The fight to control 351 00:19:34,359 --> 00:19:37,680 Speaker 1: inflation has a long way to go. This editorial was 352 00:19:37,680 --> 00:19:41,040 Speaker 1: written by the Bloomberg Editorial Board. For more Bloomberg Opinion, 353 00:19:41,119 --> 00:19:43,720 Speaker 1: please go to Bloomberg dot com, Slash Opinion or O 354 00:19:43,880 --> 00:19:46,520 Speaker 1: P I N. Go on the Bloomberg Terminal. These has 355 00:19:46,600 --> 00:19:50,400 Speaker 1: been Bloomberg Opinion and Bloomberg Opinion editorials can be heard 356 00:19:50,440 --> 00:19:53,399 Speaker 1: every weekday terminal customers can read more like O, P, 357 00:19:53,800 --> 00:19:58,320 Speaker 1: I N go and again. Futures are leaning higher but 358 00:19:58,440 --> 00:20:02,520 Speaker 1: have been giving up their gain, and Bloomberg Daybreak continues. 359 00:20:02,680 --> 00:20:08,840 Speaker 1: This is Bloomberg. Bloomberg Daybreak is brought to you by 360 00:20:08,880 --> 00:20:11,840 Speaker 1: ancient accountants and advisers, the right fits taxon accounting firm 361 00:20:11,880 --> 00:20:14,200 Speaker 1: that you need to succeed. Visit them at Ancient dot 362 00:20:14,240 --> 00:20:16,800 Speaker 1: com slash v i P to learn more. That's Ancient 363 00:20:16,880 --> 00:20:23,520 Speaker 1: dot Com slash v i P broadcasting live from the 364 00:20:23,600 --> 00:20:27,560 Speaker 1: Bloomberg Interactive Broker Studio in New York. Bloomberg E Living 365 00:20:27,600 --> 00:20:31,280 Speaker 1: Freedom to Washington, d C, Bloomberg N one to Boston, 366 00:20:31,400 --> 00:20:34,840 Speaker 1: Bloomberg on All six one to San Francisco, Bloomberg nine 367 00:20:34,880 --> 00:20:38,159 Speaker 1: sixteen to the country, Sirius XM chto one nineteen, and 368 00:20:38,200 --> 00:20:42,560 Speaker 1: around the globe the Bloomberg Business and Bloomberg Radio dot com. 369 00:20:42,560 --> 00:20:51,920 Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning, 370 00:20:51,960 --> 00:20:54,800 Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We are just 371 00:20:54,880 --> 00:20:57,359 Speaker 1: about three hours away from the open of US trading 372 00:20:57,400 --> 00:20:58,879 Speaker 1: time to the five things that you need to know 373 00:20:59,000 --> 00:21:02,159 Speaker 1: to start your day, bro to you by Interactive Brokers. 374 00:21:02,800 --> 00:21:06,119 Speaker 1: Interactive Broker's Bond market place access their vast selection of 375 00:21:06,160 --> 00:21:09,560 Speaker 1: over one million global fixed income securities with no markups 376 00:21:09,680 --> 00:21:12,840 Speaker 1: or built in spreads and low transparent commissions. Learn more 377 00:21:12,880 --> 00:21:16,480 Speaker 1: at ibkr dot com slash bonds. First, we began the 378 00:21:16,560 --> 00:21:19,760 Speaker 1: rocket strike that killed two people in Poland, just over 379 00:21:19,800 --> 00:21:22,959 Speaker 1: the border from Ukraine. World leaders are trying to determine 380 00:21:23,000 --> 00:21:26,920 Speaker 1: if Russia attacked NATO territory. However, President Biden says that 381 00:21:27,000 --> 00:21:29,880 Speaker 1: the G twenty summit it's unlikely the missile was fired 382 00:21:29,920 --> 00:21:33,760 Speaker 1: from Russia. We're greed to support Poland's investigation into the 383 00:21:33,840 --> 00:21:38,960 Speaker 1: explosion in rural Poland near the Ukrainian border, and I'm 384 00:21:38,960 --> 00:21:41,720 Speaker 1: going to make sure we figure out exactly what happened, 385 00:21:42,040 --> 00:21:45,119 Speaker 1: sources help President by Our sources say that President Biden 386 00:21:45,200 --> 00:21:47,840 Speaker 1: is telling allies the blast was caused by Ukraine air 387 00:21:47,880 --> 00:21:51,120 Speaker 1: defense systems. Yeah, Poland's president saying that now as well cared. 388 00:21:51,200 --> 00:21:54,320 Speaker 1: But last night Ukraine's president, vladimir's Lensky called the strike 389 00:21:54,359 --> 00:21:59,359 Speaker 1: and escalation hitting missiles on NATO territory. This is a 390 00:21:59,440 --> 00:22:02,520 Speaker 1: Russian miss the attack on collective security. This is a 391 00:22:02,640 --> 00:22:06,119 Speaker 1: very significant escalation. Ukraine's Vladimir's Lensky also called for an 392 00:22:06,160 --> 00:22:09,240 Speaker 1: end to the war and an address to G twenty leaders. Well, Nathan, 393 00:22:09,280 --> 00:22:11,879 Speaker 1: there's still no confirmation on the exact source of the blast. 394 00:22:12,000 --> 00:22:15,040 Speaker 1: NATO ambassadors are meeting in Brussels for emergency talks on 395 00:22:15,040 --> 00:22:19,560 Speaker 1: the situation. Former Defense Secretary Mark Esper too is preaching caution. 396 00:22:20,040 --> 00:22:24,719 Speaker 1: My suspicion is that this was an accidental firing caused 397 00:22:24,720 --> 00:22:27,359 Speaker 1: by either poor targeting or a malfunctioned by one of 398 00:22:27,400 --> 00:22:30,200 Speaker 1: the Russian missiles. We need to go to a deliberate process, 399 00:22:30,359 --> 00:22:33,680 Speaker 1: investigated out, and come to the facts. Former Defense Secretary 400 00:22:33,760 --> 00:22:36,720 Speaker 1: Mark Esper spoke to Our Washington corresponded Joe Matthew on 401 00:22:36,720 --> 00:22:40,080 Speaker 1: Bloomberg Sound on Catch the Show weekdays at five pm 402 00:22:40,080 --> 00:22:42,880 Speaker 1: Eastern on Bloomberg Radio. Like here in the US, Karen, 403 00:22:42,920 --> 00:22:45,120 Speaker 1: politics is front and center, with a familiar name back 404 00:22:45,119 --> 00:22:48,159 Speaker 1: in the spotlight. Former President Donald Trump's made an announcement 405 00:22:48,200 --> 00:22:51,280 Speaker 1: many already knew was coming. In order to make America 406 00:22:51,400 --> 00:22:55,359 Speaker 1: graded glorious again, I am tonight announcing my candidacy for 407 00:22:55,560 --> 00:22:58,879 Speaker 1: President of the United States. For the President Trump was 408 00:22:58,960 --> 00:23:02,800 Speaker 1: without several key lies during that announcement, including his Datteryvonka Trump. 409 00:23:03,240 --> 00:23:05,120 Speaker 1: And let's start to the economy now, where we get 410 00:23:05,119 --> 00:23:08,439 Speaker 1: the latest US retail sales figure. This morning forecast are 411 00:23:08,480 --> 00:23:11,960 Speaker 1: calling for a gain of one percent in October. We're 412 00:23:12,000 --> 00:23:16,040 Speaker 1: also watching shares of Target they're falling four This is 413 00:23:16,080 --> 00:23:20,159 Speaker 1: after its third quarter profit missed analysts estimates and it 414 00:23:20,240 --> 00:23:23,879 Speaker 1: adjusted its guidance for the year. And we're going to 415 00:23:23,920 --> 00:23:26,360 Speaker 1: be following those shares as well throughout the morning. That's 416 00:23:26,359 --> 00:23:28,120 Speaker 1: the five things you need to know to start your day, 417 00:23:28,160 --> 00:23:32,280 Speaker 1: brought to you by Interactive Brokers and your top stories 418 00:23:32,400 --> 00:23:38,960 Speaker 1: local news straight Ahead. This is Bloomberg. I thanks Caring 419 00:23:39,000 --> 00:23:41,439 Speaker 1: sixty three on Wall Street where forty two degrees in 420 00:23:41,520 --> 00:23:44,280 Speaker 1: Central Park still got a crash in the southbound FDR Drive. 421 00:23:44,280 --> 00:23:47,040 Speaker 1: We'll tell you more in traffic. First, Michael Bark with 422 00:23:47,080 --> 00:23:48,760 Speaker 1: what else is going on in New York and around 423 00:23:48,800 --> 00:23:51,320 Speaker 1: the world. Good morning, Michael, Good morning Nathan. It's going 424 00:23:51,359 --> 00:23:54,320 Speaker 1: to cost more for a New York City cab ride. 425 00:23:54,680 --> 00:23:58,320 Speaker 1: The Sydney's Taxi and Limousine Commission voted to increase fares. 426 00:23:58,359 --> 00:24:02,320 Speaker 1: My twenty three percent the TLCS as passengers will also 427 00:24:02,400 --> 00:24:06,119 Speaker 1: face an increase in rush hour and overnight surcharges and 428 00:24:06,280 --> 00:24:11,000 Speaker 1: airport flat rates. Drivers sought higher fairs amid inflation and 429 00:24:11,119 --> 00:24:15,359 Speaker 1: labor scarcity. Senator Rick Scott will challenge Mitch McConnell for 430 00:24:15,480 --> 00:24:19,240 Speaker 1: the Chambers top Republican leadership post during a closed door 431 00:24:19,320 --> 00:24:23,480 Speaker 1: meeting today. Meanwhile, rules will change now that House Minority 432 00:24:23,560 --> 00:24:27,080 Speaker 1: Leader Kevin McCarthy is poised to become the next House speaker. 433 00:24:27,400 --> 00:24:30,760 Speaker 1: McCarthy spoke at a news conference last night alongside other 434 00:24:30,800 --> 00:24:34,240 Speaker 1: incoming members of the GOP leadership team. The one thing 435 00:24:34,240 --> 00:24:37,359 Speaker 1: you'll learn is as my opportunity to be speakers, the 436 00:24:37,400 --> 00:24:39,800 Speaker 1: House is going to change. No longer is all the 437 00:24:39,840 --> 00:24:43,159 Speaker 1: power gonna arrest the way Nancy had it um no 438 00:24:43,280 --> 00:24:47,240 Speaker 1: more proxy voting. Steve Scalise will likely be Majority leader 439 00:24:47,320 --> 00:24:51,040 Speaker 1: and Congresswoman A Lease Stephonic was elected to a second 440 00:24:51,160 --> 00:24:55,119 Speaker 1: term as GOP Conference Chair. Stephonic center party did quite 441 00:24:55,160 --> 00:24:58,160 Speaker 1: well in her state. I particularly am proud being from 442 00:24:58,160 --> 00:25:00,119 Speaker 1: the state of New York. We picked up four our 443 00:25:00,280 --> 00:25:03,120 Speaker 1: seats in New York State, flipping blue districts to red, 444 00:25:03,440 --> 00:25:07,560 Speaker 1: and we will have a tremendous Republican conference in Congress. 445 00:25:07,640 --> 00:25:11,760 Speaker 1: Congresswoman Stephonic, a Federal appeals scored issued a temporary stay 446 00:25:11,840 --> 00:25:14,920 Speaker 1: on a lower court judges order that scaled back enforcement 447 00:25:15,240 --> 00:25:18,080 Speaker 1: of New York's new gun law. The stay from the 448 00:25:18,160 --> 00:25:21,359 Speaker 1: Second U. S. Circuit Court of Appeals comes days after 449 00:25:21,440 --> 00:25:24,200 Speaker 1: a U. S. District judge declared multiple portions of the 450 00:25:24,280 --> 00:25:29,399 Speaker 1: law unconstitutional. New York lawmakers rewrote the state's handgun laws 451 00:25:29,400 --> 00:25:33,040 Speaker 1: this summer after a Supreme Court ruling invalidated New York's 452 00:25:33,080 --> 00:25:37,160 Speaker 1: old system for granting permits to carry handguns. NASA's new 453 00:25:37,160 --> 00:25:40,800 Speaker 1: Moon rocket has blasted off with three test dummies aboard 454 00:25:40,840 --> 00:25:44,240 Speaker 1: overnight for Cape Canaveral. These watchers were in awe. It 455 00:25:44,280 --> 00:25:47,520 Speaker 1: was really bright like it looked like the sun was rising, 456 00:25:47,920 --> 00:25:51,080 Speaker 1: sounded like an earthquake was going on. The Florida launch 457 00:25:51,119 --> 00:25:53,840 Speaker 1: brings the US a big step closer to putting astronauts 458 00:25:53,840 --> 00:25:56,119 Speaker 1: back on the Moon for the first time in fifty years. 459 00:25:56,400 --> 00:25:59,000 Speaker 1: Global News twenty four hours a day on air and 460 00:25:59,160 --> 00:26:02,200 Speaker 1: on Bloomberg quick Take, powered by more than twenty seven 461 00:26:02,280 --> 00:26:04,840 Speaker 1: hundred journalists and analysts more than a hundred twenty countries. 462 00:26:05,119 --> 00:26:12,920 Speaker 1: Michael bar this is Bloomberg. Nathan Michael thanks on Wall 463 00:26:12,960 --> 00:26:14,760 Speaker 1: Street time for Bloomberg Sports Out Day brought to you 464 00:26:14,760 --> 00:26:17,320 Speaker 1: by Tri State Outing with John Stash, Ranks, Nathan and 465 00:26:17,440 --> 00:26:19,199 Speaker 1: Nicks have hit the road. Didn't play well in their 466 00:26:19,240 --> 00:26:21,280 Speaker 1: last day with the Guarden. You have a hundred forty 467 00:26:21,320 --> 00:26:24,160 Speaker 1: five points in that lost Oklahoma City. But they've again 468 00:26:24,240 --> 00:26:26,560 Speaker 1: the five game trip with a win at Utah one 469 00:26:26,640 --> 00:26:29,840 Speaker 1: eighteen one eleven. Jalen Brunson scored twenty five points. Cam 470 00:26:29,920 --> 00:26:33,080 Speaker 1: Reddish pitched in with nineteen Nicks for seven and seven. 471 00:26:33,080 --> 00:26:35,879 Speaker 1: They play again tonight, this time in Denver. The Nets 472 00:26:35,880 --> 00:26:39,000 Speaker 1: loss in the Sacramento one fifty three to one one. 473 00:26:39,040 --> 00:26:41,600 Speaker 1: That's the most points the Nets have ever allowed. Hottest 474 00:26:41,600 --> 00:26:43,760 Speaker 1: team in hockey. The Devil's made a ten straight wins, 475 00:26:43,800 --> 00:26:47,680 Speaker 1: five one at Montreal College. Troops St. John's one. Kansas 476 00:26:47,760 --> 00:26:49,880 Speaker 1: beat Duke. That's the first loss for Dukes new coach 477 00:26:49,960 --> 00:26:54,520 Speaker 1: John Shire. Michigan State upset Kentucky double overtime. Anthony Rizzo 478 00:26:54,640 --> 00:26:57,119 Speaker 1: staining what the Yankees do two years deal, there's forty 479 00:26:57,119 --> 00:26:59,840 Speaker 1: million guaranteed. Rizzo just hit thirty two home runs. He 480 00:26:59,920 --> 00:27:03,400 Speaker 1: is very close with Aaron Judge. The Yanks are talking 481 00:27:03,480 --> 00:27:07,280 Speaker 1: contract with Judge owner hal Steinbrenner said he recently met 482 00:27:07,280 --> 00:27:10,000 Speaker 1: with him one on one. Buck Show. Walters first Manager 483 00:27:10,000 --> 00:27:11,720 Speaker 1: of the Year war was with the Yankees back in 484 00:27:12,720 --> 00:27:16,159 Speaker 1: four the strike year. He then won with Texas and Baltimore, 485 00:27:16,160 --> 00:27:18,680 Speaker 1: and now he's won the NL Award with the Mets 486 00:27:18,680 --> 00:27:21,280 Speaker 1: in a close vote. Cleveland's Terry Francona one of the 487 00:27:21,320 --> 00:27:23,639 Speaker 1: a l for the third time. A new stadium is 488 00:27:23,640 --> 00:27:25,600 Speaker 1: gonna be built in New York City. A twenty five 489 00:27:25,640 --> 00:27:28,920 Speaker 1: pass and seat soccer stadium near City Field and Queens 490 00:27:28,960 --> 00:27:31,400 Speaker 1: will be used by the MLS team n y CFC, 491 00:27:32,000 --> 00:27:36,080 Speaker 1: expected to be ready in seven. John Stashar Bloomberg Sports 492 00:27:36,119 --> 00:27:39,320 Speaker 1: Navy All right, John, thanks meantime. Former Giants quarterback Eli 493 00:27:39,440 --> 00:27:42,960 Speaker 1: Manning continues to expand his post football career. He signed 494 00:27:42,960 --> 00:27:46,080 Speaker 1: on with a private equity firm, brand Velocity Group. That's 495 00:27:46,080 --> 00:27:48,880 Speaker 1: in addition to his wildly popular Manning cast with brother 496 00:27:49,000 --> 00:27:53,080 Speaker 1: Payton on ESPN Monday Night Football. Eli Manning talked about 497 00:27:53,080 --> 00:27:56,000 Speaker 1: it all with Bloomberg's Matt Miller and Paul Sweeney, sitting 498 00:27:56,040 --> 00:27:59,520 Speaker 1: on my colts watching football, making fun of my brother, 499 00:27:59,600 --> 00:28:01,680 Speaker 1: like that's sounds like a good job. And you're like 500 00:28:01,800 --> 00:28:03,439 Speaker 1: paying me four Like yeah, I mean, I know I 501 00:28:03,440 --> 00:28:05,280 Speaker 1: went to Old Miss, but I know a good deal 502 00:28:05,320 --> 00:28:07,560 Speaker 1: and I see one. And so that was the idea. 503 00:28:07,680 --> 00:28:10,280 Speaker 1: And really, you know, just saying, hey, what would it 504 00:28:10,320 --> 00:28:12,480 Speaker 1: be like if Peyton and I are in your living 505 00:28:12,560 --> 00:28:15,159 Speaker 1: room watching the game? How would we watch it? You know, 506 00:28:15,200 --> 00:28:17,040 Speaker 1: we're not going to talk about the first and ten 507 00:28:17,200 --> 00:28:19,600 Speaker 1: run for two yards and tell you where the running 508 00:28:19,600 --> 00:28:21,919 Speaker 1: back went to college, Like we don't know that answer. 509 00:28:21,920 --> 00:28:23,760 Speaker 1: We don't know where about the college and you probably 510 00:28:23,800 --> 00:28:26,679 Speaker 1: don't care either. So let's bring in some guests. Have 511 00:28:26,760 --> 00:28:29,200 Speaker 1: it fun. We'll talk some x x's and knows. Tell 512 00:28:29,200 --> 00:28:32,280 Speaker 1: you what's going through the quarterbacks mind right now? What 513 00:28:32,480 --> 00:28:35,439 Speaker 1: you know, how should they handle this situation? Have Peyton 514 00:28:35,480 --> 00:28:38,560 Speaker 1: calls sixty seven time outs? You know when different needs 515 00:28:38,560 --> 00:28:40,760 Speaker 1: to call a time out? And so, you know, it's 516 00:28:40,800 --> 00:28:44,040 Speaker 1: really just kind of having fun and in a different 517 00:28:44,040 --> 00:28:47,120 Speaker 1: way to watch the game. Former Giants quarterback Eli Manning 518 00:28:47,160 --> 00:28:50,200 Speaker 1: talking there with Matt Miller and Paul Sweeney on Bloomberg Radio. 519 00:28:50,240 --> 00:28:52,920 Speaker 1: Can hear more from Matt and Paul every weekday ten am, 520 00:28:53,080 --> 00:28:56,120 Speaker 1: All Street Time. Catch their full interview with Eli Manning 521 00:28:56,240 --> 00:28:59,920 Speaker 1: this weekend on the Bloomberg Business of Sports Show six 522 00:29:00,000 --> 00:29:01,600 Speaker 1: thirty eight on Wall Street. And now it's time to 523 00:29:01,600 --> 00:29:03,200 Speaker 1: take a look at stock some of the names moving 524 00:29:03,200 --> 00:29:05,560 Speaker 1: in the pre market with Bloomberg Radio and TV Markets 525 00:29:05,600 --> 00:29:08,680 Speaker 1: correspondent Crety, Goofta and Crety. We gotta start with Target 526 00:29:08,720 --> 00:29:12,080 Speaker 1: after a big earnings miss. This is a stock that 527 00:29:12,200 --> 00:29:15,440 Speaker 1: just can't catch a break, Nathan. It seems t g 528 00:29:15,600 --> 00:29:18,720 Speaker 1: T is your taker, shares you down about in the 529 00:29:18,760 --> 00:29:20,760 Speaker 1: pre market. This comes after they come out with some 530 00:29:20,800 --> 00:29:24,520 Speaker 1: earnings that really suggested consumers pulling back on their spending 531 00:29:24,560 --> 00:29:28,160 Speaker 1: in recent weeks, sapping sales and profits. Uh. This is 532 00:29:28,200 --> 00:29:31,800 Speaker 1: of course coming after Walmart numbers yesterday where you actually 533 00:29:31,800 --> 00:29:34,520 Speaker 1: did have a much stronger consumers. So this almost feels 534 00:29:34,520 --> 00:29:37,480 Speaker 1: like at this point a Target specific story, given even 535 00:29:37,480 --> 00:29:40,240 Speaker 1: Home Depot have these massive sales and profits beasts. But 536 00:29:40,280 --> 00:29:41,760 Speaker 1: take a look at what else they're saying. They're looking 537 00:29:41,760 --> 00:29:44,560 Speaker 1: to cut at least two billion dollars in costs over 538 00:29:44,600 --> 00:29:48,080 Speaker 1: the next three years. That is going to be a 539 00:29:48,120 --> 00:29:50,600 Speaker 1: major story when it comes to the retail sector. Well, 540 00:29:50,640 --> 00:29:53,600 Speaker 1: the question that comes to mind is does that mean layoffs. 541 00:29:53,680 --> 00:29:55,720 Speaker 1: We've been really talking about this in the tech sector 542 00:29:55,760 --> 00:29:58,120 Speaker 1: will that then spill over to the retail sector. But 543 00:29:58,160 --> 00:30:00,320 Speaker 1: remember they did say over the next three years, so 544 00:30:00,360 --> 00:30:02,680 Speaker 1: that's going to be a really crucial question. It's not 545 00:30:02,720 --> 00:30:06,040 Speaker 1: the only retailer though that came out with some numbers. 546 00:30:06,080 --> 00:30:07,719 Speaker 1: Lows as well is the one you want to keep 547 00:30:07,720 --> 00:30:10,880 Speaker 1: an eye on. L o W is the taker. Their 548 00:30:10,920 --> 00:30:13,680 Speaker 1: shears are actually up about three percent, and Low sectually 549 00:30:13,720 --> 00:30:15,160 Speaker 1: came out with some good numbers as well. And this 550 00:30:15,200 --> 00:30:19,360 Speaker 1: actually comes in line with what Home Depot suggested yesterday 551 00:30:19,360 --> 00:30:21,160 Speaker 1: that they actually came out with an earnings beat and 552 00:30:21,320 --> 00:30:23,800 Speaker 1: a boost to their full year outlook. In fact, actually 553 00:30:23,920 --> 00:30:26,440 Speaker 1: raised their full year outlook. That's how confident they are 554 00:30:26,640 --> 00:30:29,800 Speaker 1: about the holiday shopping period. So out of the four retailers, Walmart, 555 00:30:30,240 --> 00:30:33,400 Speaker 1: Home Depot, Lows, and Target, Target is really the one lagging, 556 00:30:33,400 --> 00:30:35,959 Speaker 1: and you can see the shares. Nathan punished quite a 557 00:30:35,960 --> 00:30:38,920 Speaker 1: bit in the pre market. Yeah, certainly are thanks for 558 00:30:38,960 --> 00:30:42,280 Speaker 1: this as always. Bloomberg Radio and TV Markets correspondent Crety 559 00:30:42,280 --> 00:30:45,520 Speaker 1: gooped taking a look at stocks as a whole this morning. 560 00:30:46,000 --> 00:30:49,120 Speaker 1: Starting to move just a little bit lower, Trading little 561 00:30:49,240 --> 00:30:52,080 Speaker 1: changed right now, with SMP futures down to point. Dow 562 00:30:52,240 --> 00:30:55,840 Speaker 1: futures are a little changed. NASTAC futures are down, but 563 00:30:56,120 --> 00:31:00,280 Speaker 1: only by about fourteen points ten. Your treasuries down three thirtys, 564 00:31:00,600 --> 00:31:03,880 Speaker 1: the yield three point yield on the two year right 565 00:31:03,920 --> 00:31:08,040 Speaker 1: now four point three six per cent. And let's just 566 00:31:08,080 --> 00:31:11,200 Speaker 1: take a look at Bitcoin on the session down one percent, 567 00:31:11,320 --> 00:31:16,040 Speaker 1: right now sixteen thousand seven dollars. Stay with us. You're 568 00:31:16,080 --> 00:31:23,360 Speaker 1: listening to Bloomberg to day Break. Bloomberg Sports was brought 569 00:31:23,360 --> 00:31:25,200 Speaker 1: to you by Autie. You don't let someone else drive 570 00:31:25,240 --> 00:31:27,520 Speaker 1: off in the Autie model you've always wanted. Visit your 571 00:31:27,520 --> 00:31:30,200 Speaker 1: local price state Audie dealer to get behind the wheel 572 00:31:30,200 --> 00:31:32,920 Speaker 1: of yours today, or visit Autie Offers dot com for 573 00:31:32,960 --> 00:31:40,040 Speaker 1: more information, markets, headlines and breaking news twenty four hours 574 00:31:40,040 --> 00:31:43,160 Speaker 1: a day at Bloomberg dot com, The Bloomberg Business Allan 575 00:31:43,360 --> 00:31:52,920 Speaker 1: at Bloomberg Quick Tape, He's a Bloomberg Business Flash and 576 00:31:52,960 --> 00:31:56,280 Speaker 1: I'm Karen Moscow Target shares following this morning in US 577 00:31:56,360 --> 00:31:58,920 Speaker 1: dot index futures are now little change. We go to 578 00:31:58,920 --> 00:32:01,320 Speaker 1: the first Word Breaking new desk for today's morning call, 579 00:32:01,400 --> 00:32:05,120 Speaker 1: and here's Bill Maloney. Bill, good morning, Hey, good morning, Karen. 580 00:32:05,240 --> 00:32:07,640 Speaker 1: That's right. US futures are quiet right now. A doubt 581 00:32:07,640 --> 00:32:10,240 Speaker 1: futures hied by four points, SAPs are little change, and 582 00:32:10,400 --> 00:32:13,720 Speaker 1: as that futures are lower by eleven. The US ten 583 00:32:13,840 --> 00:32:16,240 Speaker 1: year old at three point seven eight percent, Gold is 584 00:32:16,320 --> 00:32:19,200 Speaker 1: up three, oil is little changed, and Bitcoin is trading 585 00:32:19,200 --> 00:32:22,240 Speaker 1: lower by one percent. Hong Kong fell half percent overnight, 586 00:32:22,280 --> 00:32:24,560 Speaker 1: while up markets are in the red this morning and 587 00:32:24,680 --> 00:32:26,840 Speaker 1: back in the US. On the economic frontday eight dirty 588 00:32:26,880 --> 00:32:29,840 Speaker 1: retail sales and at ten o'clock business inventories and the 589 00:32:29,920 --> 00:32:33,040 Speaker 1: housing market index. Regarding those earnings this morning, you mentioned 590 00:32:33,080 --> 00:32:36,440 Speaker 1: Target stock is down fifteen percent after warning US shoppers 591 00:32:36,480 --> 00:32:40,160 Speaker 1: are pulling back, hitting profits, but low sales and earnings 592 00:32:40,320 --> 00:32:43,720 Speaker 1: beat estimates. In deal news esday lawdergreed to acquire tom 593 00:32:43,800 --> 00:32:46,720 Speaker 1: Ford at a valuation of two point eight billion, and 594 00:32:46,760 --> 00:32:50,280 Speaker 1: another news, Poland said that nothing indicates yesterday's missile hit 595 00:32:50,800 --> 00:32:53,640 Speaker 1: was an intentional attack. Wrapping things up, that tronic was 596 00:32:53,640 --> 00:32:55,560 Speaker 1: cut to hold at Deutsche Bank home depot was cut 597 00:32:55,600 --> 00:32:59,400 Speaker 1: to market perform ratt Raymond James live from the first 598 00:32:59,400 --> 00:33:02,360 Speaker 1: breaking news that scan Boomloney care right, Bill, thank you 599 00:33:02,400 --> 00:33:04,520 Speaker 1: and to hear live breaking news over your Bloomberg type 600 00:33:04,520 --> 00:33:06,960 Speaker 1: squawk on your termin I'll ascue you a w K 601 00:33:07,120 --> 00:33:09,520 Speaker 1: and that's a Bloomberg Business Flash. Now here's Michael Barr 602 00:33:09,600 --> 00:33:12,400 Speaker 1: with more on what's going on around the world. Michael Karen, 603 00:33:12,480 --> 00:33:15,160 Speaker 1: thank you very much. President Joe Biden told allies that 604 00:33:15,280 --> 00:33:18,160 Speaker 1: the explosion that killed two people in Poland was caused 605 00:33:18,200 --> 00:33:23,320 Speaker 1: by Ukrainian air defenses. According to two officials familiar with 606 00:33:23,360 --> 00:33:27,080 Speaker 1: the matter, it was ultimately sparked by the Russian missile 607 00:33:27,080 --> 00:33:31,520 Speaker 1: barrage on Ukraine. Biden delivered the assessment during a conversation 608 00:33:31,560 --> 00:33:35,600 Speaker 1: with NATO and Group of Seven allies in Indonesia. Former 609 00:33:35,640 --> 00:33:38,520 Speaker 1: President Trump announced his candidacy for the White House in 610 00:33:39,440 --> 00:33:43,400 Speaker 1: four Trump says President Biden and the Democrats destroyed the 611 00:33:43,440 --> 00:33:46,480 Speaker 1: economy and he will fix it. In the NBA, the 612 00:33:46,560 --> 00:33:50,960 Speaker 1: next one, the Nets lost to the King's one. In 613 00:33:51,000 --> 00:33:54,240 Speaker 1: the NHL, the Devils won their tenth straight. The Capital's lost. 614 00:33:54,520 --> 00:33:57,280 Speaker 1: Global News twenty four hours a day on air and 615 00:33:57,480 --> 00:34:01,000 Speaker 1: on Bloomberg Quicktake, powered by more than went seven hundred 616 00:34:01,040 --> 00:34:04,440 Speaker 1: journalists and analysts more than a hundred twenty countries. Michael Barn, 617 00:34:04,520 --> 00:34:07,560 Speaker 1: this is Bloomberg Karen, right. Mchaelbar thank you. At his 618 00:34:07,640 --> 00:34:10,040 Speaker 1: sixty nine on Wall Street. Let's turn to news and 619 00:34:10,120 --> 00:34:12,799 Speaker 1: science and technology. Now with the Bloomberg and j I 620 00:34:12,880 --> 00:34:16,759 Speaker 1: T STEM Report, BRONTI You Buy New Jersey Institute of Technology, 621 00:34:16,880 --> 00:34:18,960 Speaker 1: and j I T has joined with McKinsey and Company 622 00:34:19,000 --> 00:34:24,440 Speaker 1: to establish a Mackenzy Digital Capabilities Center specializing in biopharma manufacturing. 623 00:34:24,760 --> 00:34:26,680 Speaker 1: Learn more at n j I T, dot, E d 624 00:34:26,880 --> 00:34:30,400 Speaker 1: U and here's just making news and science, technology, engineering 625 00:34:30,480 --> 00:34:34,480 Speaker 1: and math. It's NASA's most powerful rocket in fifty years 626 00:34:35,320 --> 00:34:38,000 Speaker 1: and lift off for part of this one. We rise 627 00:34:38,120 --> 00:34:42,800 Speaker 1: together back to the boon and dawn. Early today, NASA's 628 00:34:42,840 --> 00:34:45,560 Speaker 1: new Moon rocket but lasted off on its debut flight 629 00:34:45,680 --> 00:34:48,560 Speaker 1: with three test dummies on board. That brings the US 630 00:34:48,640 --> 00:34:51,200 Speaker 1: a big step closer to putting astronauts back on the 631 00:34:51,239 --> 00:34:53,920 Speaker 1: lunar surface for the first time since the end of 632 00:34:53,920 --> 00:34:57,239 Speaker 1: the Apollo program fifty years ago. But according to a 633 00:34:57,239 --> 00:35:00,560 Speaker 1: new report of the county's in the U, US suffered 634 00:35:00,600 --> 00:35:05,160 Speaker 1: a weather disaster between twenty eleven and one. Some endured 635 00:35:05,200 --> 00:35:08,600 Speaker 1: as many as twelve federally declared disasters over those eleven years. 636 00:35:08,800 --> 00:35:11,520 Speaker 1: More than three hundred million people ninety three percent of 637 00:35:11,560 --> 00:35:15,440 Speaker 1: the country's population live in these counties. Rebuild by Design, 638 00:35:15,480 --> 00:35:19,360 Speaker 1: which published the report says California, Mississippi, Oklahoma, Iowa, and 639 00:35:19,400 --> 00:35:23,799 Speaker 1: Tennessee had the most disasters, at least twenty each. An 640 00:35:23,800 --> 00:35:26,840 Speaker 1: Apple is taking a major step toward reducing its reliance 641 00:35:26,840 --> 00:35:29,719 Speaker 1: on Asian production. Bloomberg News has learned the company is 642 00:35:29,760 --> 00:35:32,960 Speaker 1: prepared to begin sourcing ships for its devices from a 643 00:35:33,000 --> 00:35:36,759 Speaker 1: plant being built in Arizona. Apple CEO Tim Cook has 644 00:35:36,800 --> 00:35:39,800 Speaker 1: said the factory will start up in four That's a 645 00:35:39,840 --> 00:35:43,160 Speaker 1: Bloomberg n j I t Stem report. Nathan Okay Karen 646 00:35:43,200 --> 00:35:45,960 Speaker 1: Thanks rely from the Bloomberg Interactive Brokers studios, where it's 647 00:35:46,000 --> 00:35:48,160 Speaker 1: just about six fifty one on Wall Street, timed out 648 00:35:48,160 --> 00:35:49,880 Speaker 1: to check what's going on in d C. Some of 649 00:35:49,880 --> 00:35:52,560 Speaker 1: the top stories from our nation's capital include President Biden 650 00:35:52,560 --> 00:35:56,040 Speaker 1: and allies urging contient following the missile strike into Poland, 651 00:35:56,200 --> 00:35:58,840 Speaker 1: former President prompt to find calls to move on with 652 00:35:58,840 --> 00:36:02,640 Speaker 1: an announcement he's running, and Mitch McConnell in for a 653 00:36:02,719 --> 00:36:06,480 Speaker 1: Senate leadership fight after Republicans mid term disappointment. Let's bring 654 00:36:06,480 --> 00:36:09,279 Speaker 1: in Bloomberg Government reporter Emily Wilkins from Washington, d C. 655 00:36:09,560 --> 00:36:14,480 Speaker 1: As NATO's Secretary General John Stoltenberg addresses reporters right now 656 00:36:14,520 --> 00:36:16,960 Speaker 1: Emily on that missile strike. Here's what he had to 657 00:36:16,960 --> 00:36:20,920 Speaker 1: say moments ago. And we have no indication that Russia 658 00:36:21,160 --> 00:36:29,399 Speaker 1: is preparing offensive military actions against NATO. Our preliminary analysis 659 00:36:30,560 --> 00:36:35,200 Speaker 1: suggests that the incident was likely caused by a Ukrainian 660 00:36:35,320 --> 00:36:41,560 Speaker 1: air defense missile fired to defend Ukrainian territory against Russian 661 00:36:41,640 --> 00:36:46,080 Speaker 1: cruz missile attacks. And some of the other headlines coming 662 00:36:46,120 --> 00:36:49,040 Speaker 1: in from those comments from NATO's John Stoltenberg, this is 663 00:36:49,080 --> 00:36:54,360 Speaker 1: not Ukraine's fault. Russia bears ultimate responsibility. Emily. What is 664 00:36:54,400 --> 00:36:57,960 Speaker 1: the White House saying now about this? Well? President Biden 665 00:36:58,040 --> 00:37:01,960 Speaker 1: said UH Wednesday that unlikely that a missile that killed 666 00:37:01,960 --> 00:37:05,600 Speaker 1: to a NATO allied Poland was fired from Russia, but 667 00:37:05,640 --> 00:37:10,160 Speaker 1: he pledged to support Russia's investigation into what it what 668 00:37:10,160 --> 00:37:14,080 Speaker 1: what has been called a Russian made missile. At this point, 669 00:37:14,120 --> 00:37:16,600 Speaker 1: I think there's still a lot of uncertainty going on. 670 00:37:16,960 --> 00:37:19,600 Speaker 1: There's a lot of fact finding that members are our 671 00:37:19,719 --> 00:37:23,600 Speaker 1: own officials are looking into doing. Uh. Reuters has reported 672 00:37:23,640 --> 00:37:26,600 Speaker 1: that Poland has no conclusive evidence showing who fired the 673 00:37:26,600 --> 00:37:29,400 Speaker 1: missile that called an explosion in the village near the 674 00:37:29,480 --> 00:37:31,880 Speaker 1: Ukrainian border. And I think at this point, they're just 675 00:37:32,000 --> 00:37:35,520 Speaker 1: a lot of questions still percolating about whether or not 676 00:37:35,600 --> 00:37:38,040 Speaker 1: this was an attack, whether or not this was intentional, 677 00:37:38,360 --> 00:37:41,480 Speaker 1: about what needs to happen. Um. Certainly, the US is 678 00:37:41,520 --> 00:37:44,960 Speaker 1: still focused on continuing funding for Ukraine. On the White 679 00:37:45,000 --> 00:37:47,560 Speaker 1: House is asking for additional funding to be included in 680 00:37:47,600 --> 00:37:50,080 Speaker 1: the year and spending bill. So there's still a lot 681 00:37:50,120 --> 00:37:53,359 Speaker 1: of focus on that, on that battle that's occurring, and 682 00:37:53,400 --> 00:37:56,040 Speaker 1: on the war there. And I think at this point, UH, 683 00:37:56,120 --> 00:37:59,200 Speaker 1: folks are just waiting to find out more information on 684 00:37:59,320 --> 00:38:03,120 Speaker 1: exactly what happened, uh in the explosion of Poland. So 685 00:38:03,239 --> 00:38:07,080 Speaker 1: what would you be looking for as we continue to 686 00:38:07,680 --> 00:38:12,839 Speaker 1: watch this investigation developed? I think for me, I know 687 00:38:12,920 --> 00:38:16,040 Speaker 1: for Fred's, as someone who's not an expert, I'm going 688 00:38:16,120 --> 00:38:18,840 Speaker 1: to be sitting back and waiting to get some clarity 689 00:38:18,880 --> 00:38:21,759 Speaker 1: on exactly how things are moving forward. You know, I 690 00:38:22,360 --> 00:38:25,560 Speaker 1: cover Congress. I was asking a couple lawmakers about this yesterday. 691 00:38:25,640 --> 00:38:27,400 Speaker 1: The response I got for most of them was, we 692 00:38:27,440 --> 00:38:29,279 Speaker 1: still need to be brief, we still need to learn 693 00:38:29,320 --> 00:38:32,439 Speaker 1: the details. UM. Clearly, you know, new things are are 694 00:38:32,480 --> 00:38:35,799 Speaker 1: coming out throughout all of today. I think, certainly if 695 00:38:35,800 --> 00:38:39,160 Speaker 1: there is evidence that this was an attack on purpose 696 00:38:39,400 --> 00:38:42,880 Speaker 1: by Russia. That is going to change a lot of 697 00:38:42,920 --> 00:38:47,120 Speaker 1: the dynamics about how lawmakers are thinking about this evasion 698 00:38:47,120 --> 00:38:50,560 Speaker 1: into Ukraine and what it could mean. Obviously, Poland is 699 00:38:50,880 --> 00:38:53,759 Speaker 1: a NATO ally, but I think at this point, um, 700 00:38:53,840 --> 00:38:56,000 Speaker 1: you know, I don't want to speculate too too far 701 00:38:56,400 --> 00:38:59,719 Speaker 1: because this might turn out to be something um that 702 00:39:00,000 --> 00:39:04,560 Speaker 1: that wasn't intentional and and doesn't want up ultimately alternating 703 00:39:05,040 --> 00:39:07,239 Speaker 1: the course of the war in Ukraine. All right, and 704 00:39:07,520 --> 00:39:10,120 Speaker 1: we do want to pass along this red headline from 705 00:39:10,280 --> 00:39:14,440 Speaker 1: NATO Secretary General John Stoltenberg's comments as we continue to 706 00:39:14,560 --> 00:39:17,240 Speaker 1: monitor the developments. He is saying that the Polish blast 707 00:39:17,400 --> 00:39:21,279 Speaker 1: was likely caused by an errand Ukraine Air Defense will 708 00:39:21,320 --> 00:39:24,799 Speaker 1: continue monitoring developments. Of course, So let's turn to your beat, 709 00:39:24,800 --> 00:39:29,160 Speaker 1: Emily Congress and uh domestic politics. Of course, we've got 710 00:39:29,200 --> 00:39:33,320 Speaker 1: the announcement that everybody knew was coming. Former President Trump 711 00:39:33,360 --> 00:39:37,040 Speaker 1: wants to be current President Trump again in two years. Yep, 712 00:39:37,200 --> 00:39:41,680 Speaker 1: the twice impeached former president who has been at data 713 00:39:41,719 --> 00:39:45,000 Speaker 1: handed losing a number of recent elections, has announced that 714 00:39:45,040 --> 00:39:49,680 Speaker 1: he does again will run in This wasn't a huge surprise. 715 00:39:49,760 --> 00:39:52,279 Speaker 1: Trump had kind of toyed with this idea, hinted at 716 00:39:52,320 --> 00:39:55,640 Speaker 1: it for quite some time. But I think maybe perhaps 717 00:39:55,680 --> 00:39:58,279 Speaker 1: what is more of a surprise is how you've seen 718 00:39:58,320 --> 00:40:01,080 Speaker 1: a lot of the Republican part you respond to it 719 00:40:01,360 --> 00:40:03,719 Speaker 1: that you've heard a lot of frustration from senators say, 720 00:40:03,760 --> 00:40:06,279 Speaker 1: you know, it's time for the party to move on. Uh. 721 00:40:06,280 --> 00:40:09,719 Speaker 1: They blamed Frump for their losses, not just in but 722 00:40:09,760 --> 00:40:12,520 Speaker 1: the presidential in they blamed him for losing the Senate 723 00:40:12,520 --> 00:40:15,120 Speaker 1: in twenty and then they noted that a lot of 724 00:40:15,160 --> 00:40:17,640 Speaker 1: the candidates that he endorsed and he em backed in 725 00:40:17,680 --> 00:40:21,920 Speaker 1: two ultimately lost. And so you are starting to see 726 00:40:22,000 --> 00:40:24,480 Speaker 1: that there's a shift going on to try and find 727 00:40:24,520 --> 00:40:28,920 Speaker 1: someone who perhaps isn't going to isolate as many independents 728 00:40:29,200 --> 00:40:31,920 Speaker 1: uh and really going to bring the Republican Party together 729 00:40:32,040 --> 00:40:35,560 Speaker 1: going forward. In um. Of course, there's a lot of 730 00:40:35,600 --> 00:40:39,160 Speaker 1: attention right now on Florida Governor Ron de Santas, given 731 00:40:39,239 --> 00:40:43,480 Speaker 1: the big victory that he had on on last Tuesday 732 00:40:43,600 --> 00:40:46,479 Speaker 1: night in his re election for governor. But they're really 733 00:40:46,520 --> 00:40:49,480 Speaker 1: a bunch of other potential candidates out there, and we've 734 00:40:49,480 --> 00:40:51,319 Speaker 1: got two years to see how it all plays out. 735 00:40:51,400 --> 00:40:56,319 Speaker 1: Nathan oh Joy and it's not just the search for 736 00:40:56,360 --> 00:40:59,080 Speaker 1: a Republican standard baron now, We've got a search for 737 00:40:59,080 --> 00:41:03,640 Speaker 1: a Republican lead are going on now in the Senate too, Yes, 738 00:41:03,760 --> 00:41:08,640 Speaker 1: so helps uh sorry further Senate Minority Leader Mitch McConnell, 739 00:41:08,760 --> 00:41:12,279 Speaker 1: who will remain Senate Minority leader after Republicans had a 740 00:41:12,360 --> 00:41:15,720 Speaker 1: really disappointing night on last night, they were not able 741 00:41:15,760 --> 00:41:18,479 Speaker 1: to gain control of the Senate. And so you've seen 742 00:41:18,600 --> 00:41:21,439 Speaker 1: a Florida Senator Rick Scott step up and he said 743 00:41:21,440 --> 00:41:24,640 Speaker 1: that he will be challenging Mitch McConnell for the chamber's 744 00:41:24,719 --> 00:41:28,480 Speaker 1: top Republican leadership position on Wednesday. And there's also been 745 00:41:28,520 --> 00:41:30,759 Speaker 1: some calls to delay the election, so we will see 746 00:41:30,800 --> 00:41:33,319 Speaker 1: what happens with that. At this point, though, it does 747 00:41:33,360 --> 00:41:36,920 Speaker 1: seem like McConnell has the votes that are needed to 748 00:41:37,520 --> 00:41:41,640 Speaker 1: keep his position at the top of the Senate Republican Party. UM. 749 00:41:41,680 --> 00:41:45,839 Speaker 1: I think the big question is how does how does 750 00:41:45,880 --> 00:41:48,959 Speaker 1: the sentiment against him continue? Is he able to keep 751 00:41:49,280 --> 00:41:53,040 Speaker 1: Republicans together or does that get more and more difficult 752 00:41:53,280 --> 00:41:56,400 Speaker 1: as folks begin to question his leadership challenges. Of course, 753 00:41:56,400 --> 00:41:58,719 Speaker 1: Senator Rick Scott was someone who had a lot of 754 00:41:58,719 --> 00:42:02,880 Speaker 1: support from Represident Donald Trump UH and miss mcgonald Trump. 755 00:42:02,880 --> 00:42:05,439 Speaker 1: They've really been at odds with each other ever since 756 00:42:05,560 --> 00:42:09,520 Speaker 1: January six, where mcconald came out and blame Trump for 757 00:42:09,640 --> 00:42:12,400 Speaker 1: the riot on the Capitol. Yeah, lots to come as 758 00:42:12,480 --> 00:42:15,759 Speaker 1: we watched the direction of the Republican Party after this 759 00:42:15,880 --> 00:42:18,520 Speaker 1: mid term. Emily Wilkins as always great to have you 760 00:42:18,520 --> 00:42:21,800 Speaker 1: on with us. Bloomberg Government reporter Emily Wilkins from Washington. 761 00:42:21,880 --> 00:42:24,200 Speaker 1: Read more Bloomberg dot com or on the Bloomberg terminal. 762 00:42:24,440 --> 00:42:26,960 Speaker 1: Listen to Bloomberg Radio in the nation's capital at Bloomberg 763 00:42:27,640 --> 00:42:30,600 Speaker 1: one and one oh five point seven FM HD two. 764 00:42:31,440 --> 00:42:34,440 Speaker 1: SFP futures down to point, dal futures up a point, 765 00:42:34,640 --> 00:42:38,520 Speaker 1: NAZAC futures down eleven points. Lots more on this market 766 00:42:38,520 --> 00:42:41,520 Speaker 1: with Bloomberg Surveillance coming up next with Tom Keene, Jonathan Farroll, 767 00:42:41,560 --> 00:42:45,719 Speaker 1: and Lisa Abramowitz for Karen Moscow. I'm Nathan Hagart. This 768 00:42:47,040 --> 00:42:47,759 Speaker 1: is Bloomberg