Speaker 1: From the Bloomberg Interactive Broker Studios. This is Bloomberg Day
Speaker 1: Right for Wednesday, November six two. Coming up this hour.
Speaker 1: Panic eases as doubts surface over whether Russia fired a
Speaker 1: rocket into Poland Donald Trump makes it official, announcing your
Speaker 1: run for president again. Wall Street holds tight for fresh
Speaker 1: data on retail sales and inflation in the UK hits
Speaker 1: a fresh forty one year high. It's going to cost
Speaker 1: more for word cab ride in New York, plus and
Speaker 1: lift off for part of this one. NASA begins its
Speaker 1: quest to return to the Moon. I'm Michael Blar More ahead,
Speaker 1: I'm John Stashow Sports, a road wind for the days,
Speaker 1: a road loss for the Net's the devil stay hot,
Speaker 1: and a free agent is staying with the Yankees. That's
Speaker 1: all straining ahead on Bloomberg day Break on Bloomberg. He
Speaker 1: liveing free on New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and
Speaker 1: Francisco Sirius XM one nineteen and around the world the
Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business app.
Speaker 1: And good Morning, I'm Karen Moscow I'm Nathan Haygar. Bloomberg
Speaker 1: day Break is brought to you by b and Why Melons.
Speaker 1: Pershing learned why the world's most sophisticated wealth management and
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Speaker 1: Com us nock index futures are on the rise this morning.
Speaker 1: It is six oh one on Wall Street. We check
Speaker 1: the markets every fifteen minutes throughout the trading day. On Bloomberg,
Speaker 1: SNP Future is up seven points down, Future is up
Speaker 1: sixty seven NASDAG futures up nine Tenure Treasury down four
Speaker 1: thirty seconds. He'll three point seven eight percent yield on
Speaker 1: a two year four point three five percent and nine back.
Speaker 1: Screwed oil is up a quarter percent, or twenty three
Speaker 1: cents at eighty seven dollars fourteen cents of barrel. Nathan, Karen,
Speaker 1: we want to get you the latest on the rockets
Speaker 1: strike now that killed two people in Poland, just over
Speaker 1: the border from Ukraine. Some leaders initially suggested Russia was
Speaker 1: behind the attack, but President Biden is jinks there is
Speaker 1: former information that contests that I don't want to say
Speaker 1: that until we completely investigate. But unlikely in the minds
Speaker 1: of the three that it was fired from Russian. But well,
Speaker 1: we'll see. President Bin spoke from the G twenty summit
Speaker 1: in Bali, Indonesia. Bloomberg's Rosaland Matheson is there and has
Speaker 1: more on the situation. It seems that there are doubts
Speaker 1: growing that in fact it was even potentially a rocket
Speaker 1: that was fired by Russia from Russia. Um and of
Speaker 1: course there are questions about whether it was in fact
Speaker 1: it's something that might have been deflected by Ukrainian anti
Speaker 1: missile defenses or indeed, if it was from Russia, perhaps
Speaker 1: it was a missfar and unintentional. Either way, the message
Speaker 1: very clearly coming from leaders here, be they from Europe,
Speaker 1: the US, or the Turkish president Urduwuan a short time ago,
Speaker 1: is that they don't think this needs to sort of
Speaker 1: escalate tensions directly with Russia. Bloombergs Rose Matheson reports President
Speaker 1: Biden's pledging his full support for Poland's investigation into the
Speaker 1: could strike. Behind the scenes, sources say Biden's telling allies
Speaker 1: the blast was likely caused by Ukraine's air defense systems. Still, Nathan,
Speaker 1: there's no confirmation on the exact source of the blast.
Speaker 1: NATO ambassadors are meeting in Brussels for emergency talks to
Speaker 1: away their response. Former Defense Secretary Mark Esper is making
Speaker 1: a case for a bolstering Ukraine's air defenses. Think about
Speaker 1: how far this Russian missile would have had to travel
Speaker 1: across Ukraine to pass into the Polish border. There were
Speaker 1: numerous opportunities to shoot this thing down, and so I
Speaker 1: think it's a call to accelerate the provision of air
Speaker 1: defenses to Ukraine as well. Former Defense Secretary Mark Espers
Speaker 1: book at our Washington corresponded Joe Matthew Lady yesterday on
Speaker 1: Bloomberg Sound on Catch the show weekdays at five pm
Speaker 1: Eastern on Bloomberg Radio, and just quickly passing along this
Speaker 1: red headline, Poland says nothing suggests the missile hit was
Speaker 1: an intentional attack. Let's turn to politics back home in
Speaker 1: the US now, because the familiar faces front and center
Speaker 1: this morning. Former President Donald Trump has officially entered the
Speaker 1: race for the White House. Amy Morris has more from
Speaker 1: our Bloomberg rom in Washington. His campaign filed the paperwork
Speaker 1: just minutes before Donald Trump announced his candidacy and a
Speaker 1: third run for the White House. My fellow citizens, America's
Speaker 1: comeback starts right now. Trump made the announcement as many
Speaker 1: Republicans are moving away from him, many in the party
Speaker 1: asking him to wait until after the Senate race is
Speaker 1: settled in Georgia. As many Trump endorsed candidates in the
Speaker 1: mid terms were rejected by voters, Trump claimed America will
Speaker 1: decline unless he's reelected. This will not be my campaign,
Speaker 1: this will be our campaign or wild. Trump may have
Speaker 1: wanted to freeze out other Republicans eyeing a presidential run.
Speaker 1: Republican strategists believe potential challengers are now emboldened. In Washington.
Speaker 1: I'm mayby Moore as Bloomberg daybreak. All right, Amy, thank you.
Speaker 1: Returned to the economy now where we get a key
Speaker 1: reading on retail sales. This morning forecast fall for a
Speaker 1: gain of one person in October. Bloomberg Economics corresponded. Michael
Speaker 1: McKee has more the headline change in retail sales for
Speaker 1: October is likely to be misleading. Gasoline prices were up,
Speaker 1: adding to sales, and many in Florida were replacing hurricane
Speaker 1: damaged cars. It's core retail sales excluding gas cars and
Speaker 1: building materials that will matter and their economists are anticipating
Speaker 1: a slowdown. Gains at department stores, food stores, and general
Speaker 1: merchandise stores will be boosted by inflation rather than increased purchases.
Speaker 1: Red Book Research reported a soft weekly sales index, and
Speaker 1: the New York Fed reports Americans are turning from savings
Speaker 1: to credit cards to keep spending, which is likely unsustainable.
Speaker 1: Michael McKee bloom Brig Daybreak, Thanks Mike. That retail sales
Speaker 1: report will be one of many the FED is watching.
Speaker 1: FED Vice Chair for Supervision Michael Bar cautions the economy
Speaker 1: will surely take a hit as the central bank and
Speaker 1: frontside inflation. Inflation right now is far too high. I
Speaker 1: think that it's the case that we're going to see
Speaker 1: significant softening in the economy. FED Vice Chare for Supervision.
Speaker 1: Michael Bar spoke at the Senate Banking Committee in Washington. Meantime,
Speaker 1: across the Pond, Nathan inflation also a focus. Prices in
Speaker 1: the UK have now hit a forty one year high.
Speaker 1: To get the details from bloomberrys Lizzie burden in London
Speaker 1: has been driven by gas and electricity prices. That is
Speaker 1: the biggest contributor despite the government's support. But it's also
Speaker 1: food that's the second biggest contribution, also housing and household services,
Speaker 1: and our economists at Bloomberg Economics say the Bank of
Speaker 1: England isn't likely to take its foot off the break
Speaker 1: in terms of interest rate rises until services inflation drops
Speaker 1: back towards its long term average. Bloomberg's Lizzie Burden reports
Speaker 1: the UK's consumer prices index for October rose at an
Speaker 1: annual rate at eleven point one percent. In corporate news
Speaker 1: this morning, Karen Elon Musk is in the spotlight again.
Speaker 1: The Washington Post is reporting Musk told Twitter employees they
Speaker 1: either have to commit to a new hardcore Twitter or
Speaker 1: they should leave. Paper says employees have to click a
Speaker 1: link to confirm commitment to the new Twitter by tomorrow.
Speaker 1: If they don't, they'll receive three months of severance pay.
Speaker 1: And now the latest on the collapse of ft X,
Speaker 1: Nathan Bloomberg News has learned at the preties in the
Speaker 1: US and the Bahamas are discussing possibly bringing Sam bankmin
Speaker 1: Free to the US for questioning. Sources say the conversations
Speaker 1: between officials and the two countries have intensified in recent
Speaker 1: days as they probe his role in the implosion of
Speaker 1: cryptocurrency firm f t X. Sure to have your latest
Speaker 1: local headlines and this is Bloomberg. Thanks Karen six o
Speaker 1: seven on Wall Street, forty two degrees in Central Park,
Speaker 1: going to the low fifties today, I gotta crash South
Speaker 1: Bend FDR drive at sixty three Street. Michael bars here
Speaker 1: with what else is going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning Nathan. A
Speaker 1: taxi ride is going to cost you hail of a
Speaker 1: lot more. New York City cab writers will see a
Speaker 1: twenty three increase in metered fairs. It's the first time
Speaker 1: since twelve following a vote from the city's Taxi and
Speaker 1: Limousine Commission. The t l C also says passengers will
Speaker 1: also face an increase in rush hour and overnight search
Speaker 1: charges and airport flat rates. The increases will also affect
Speaker 1: per mile and permanent rates for Uber and Lift and
Speaker 1: are expected to go into effect before year end. The
Speaker 1: battle for Republican leadership in the next session continues. Bloomberg's
Speaker 1: at Baxter reports Senator Rick Scott has told fellow GOP
Speaker 1: senators he will challenge Senate Minority Leader Mitch McConnell to
Speaker 1: be leader of the party in the Chamber next year,
Speaker 1: and he immediately made the debt limit his keystone issue
Speaker 1: for the moment, saying it can't be done until Democrats
Speaker 1: agree to federal spending cuts. McConnell says he has the
Speaker 1: votes to remain Senate GOP leader. Meanwhile, Kevin McCarthy is
Speaker 1: one preliminary support of the GOP two be House speaker.
Speaker 1: He will need to get a majority of the votes
Speaker 1: in the House to be elected in the new term.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Gabriad. A judge
Speaker 1: in New York dismissed a lawsuit by Mary Trump, who
Speaker 1: alleged her uncle, the former president, and his siblings scheme
Speaker 1: to siphon money from her share of the family business.
Speaker 1: The judge at her claims were barred by releases she
Speaker 1: had previously signed with members of her family. It's the
Speaker 1: second legal victory for former President Trump, and as many
Speaker 1: days after a federal judge dismissed a lawsuit by his
Speaker 1: one time fixer, Michael Cohen. Mary Trump's attorney vow to appeal.
Speaker 1: The US is heading back to the moon NASA launched
Speaker 1: his first Artemis rocket overnight from Cape Canaveral, Florida, and
Speaker 1: lift off of Artimus one, we rise together back to
Speaker 1: the boon and beyond. The unmanned, multibillion dollar rocket mission
Speaker 1: will go around the Moon and back. If successful, it
Speaker 1: will eventually return astronauts to the Moon for the first
Speaker 1: time since Apollo into the nineteen seventy two Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than hundred journalists and analysts and more
Speaker 1: than a hundred twenty countries. I'm Michael Varren. This is
Speaker 1: Bloomberg Nathan. Thank you, Michael six o nine on Wall
Speaker 1: Street time for the Bloomberg Sports Update. Prot if I
Speaker 1: try stayed out of use, John sesshow all right, Anathan
Speaker 1: and Knicks and Nets are both out West. A win
Speaker 1: for the Hicks as they began a challenging five game trip.
Speaker 1: They beat Utah one eighteen one eleven Jalen Brunson twenty
Speaker 1: five points with eight assists, and the Knicks rebound from
Speaker 1: that horrific defensive outing and that lost this past Sunday.
Speaker 1: Speaking of horrific defense, most points the Nets have ever
Speaker 1: allowed Sacramento shot six. The King's won one fifty three
Speaker 1: to one one. Terrence Davis came in averaging six points
Speaker 1: a game. He scored thirty one make it ten straight
Speaker 1: wins for the Devil's, two goals for jack Us and
Speaker 1: a five one win at Montreal. St. John's now three
Speaker 1: and o nine one seventy four at home over Central Connecticut.
Speaker 1: It was a big double header in Indianapolis. Kansas beat
Speaker 1: Duke after Michigan State ups at Kentucky in double overtime. Also,
Speaker 1: Colgate for the second straight year, won at Syracuse. A
Speaker 1: Yankee free agent slug or staying with the team. It's
Speaker 1: not Aaron Judge, we don't know yet about him, but
Speaker 1: Anthony Rizzo, who hit not sixty two but earning two
Speaker 1: home runs. Hasn't do two years. D forty million guaranteed
Speaker 1: the Mets. Buck show Alter named National League Manager of
Speaker 1: the Year and was a close vote. He's now won
Speaker 1: four times to four different teams former Giants grade Eli Man.
Speaker 1: He was on Bloomberg Radio yesterday to discuss his private
Speaker 1: equity group. We also weighed in on the surprising success
Speaker 1: of his former team. Daniel Jones is playing great stake
Speaker 1: Quin's running up. You know, running hard. Defense is playing well.
Speaker 1: So in the most important thing, they're finding ways to
Speaker 1: win close games. And they're find ways to close games out.
Speaker 1: And that's something we have they'll do for a while
Speaker 1: and and what that does It Also this prepares me
Speaker 1: for late in the year. You're gonna have these close games.
Speaker 1: Can you win them? They're they're they're kind of tried
Speaker 1: and tested, and I think it's a been a good run.
Speaker 1: Giants for seven and two of their home Sunday for Detroit,
Speaker 1: John Stashwar, Bloomberg Sports. Yeah, we'll have more on Eli
Speaker 1: Manning's private equity run later this hour on Bloomberg Daybreaks,
Speaker 1: so stick around for that. Sp futures right now are
Speaker 1: little change to the upside death futures up twenty two points,
Speaker 1: Nastack futures have turned a bit lower now down sixteen points.
Speaker 1: You're listening to Bloomberg day Break. Bloomberg Sports is brought
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Speaker 1: Quicktape's a Bloomberg Business Lash. And I'm Karen Moscow and
Speaker 1: we're watching these headlines across the Bloomberg this morning, with
Speaker 1: sources telling Bloomberg no Varnis is wearing sales of non
Speaker 1: core assets as it seeks to raise money to invest
Speaker 1: in cutting edge medicines. A Swiss pharmaceutical giant is said
Speaker 1: to be in the early stages of considering options for
Speaker 1: its ophthalmology and respiratory units. Meanwhile, S ANDP futures this
Speaker 1: morning are now little change giving up their gamestown future
Speaker 1: is little changed as well, and so are NASDAG futures,
Speaker 1: which are now leading lower down about eleven points right now.
Speaker 1: The decks in Germany down about nine tenths of uppercent
Speaker 1: ten year treasury down four thirty seconds, you know, three
Speaker 1: point seven eight percent they yield on the two year
Speaker 1: four point three six percent. Nine Beck scrude oil is
Speaker 1: of a quarter percent, or twenty two cents and eighty
Speaker 1: seven dollars fourteen cents of barrel comics schooled up half percent,
Speaker 1: or nine dollars ten cents at seventeen eighty five ninety
Speaker 1: announce the euro one point oh four to six against
Speaker 1: the dollar, British found one point one one three they
Speaker 1: had one thirty nine point three nine and Bitcoin this
Speaker 1: morning down nine tenths of a percent at sixteen thousand,
Speaker 1: seven hundred dollars. That's a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. President Joe Biden and
Speaker 1: key European leaders are urging caution after a rockets rock
Speaker 1: a Polish village just over the border from Ukraine, killing
Speaker 1: two people. However, there are doubts whether the Russia was
Speaker 1: to blame. According to officials familiar with the matter, Biden
Speaker 1: told allies in Ballet that the explosion was caused by
Speaker 1: Ukrainian air defenses, but was ultimately sparked by the Russian
Speaker 1: missile barrage on Ukraine. Will have more in this story
Speaker 1: in a few moments. Former President Trump announced last night
Speaker 1: that he is formally launching his bid for the White House.
Speaker 1: The US is heading back to the Moon for the
Speaker 1: first time in five decades, NASA successfully launched the Artemius
Speaker 1: mission overnight from Florida in the NBA. The next one,
Speaker 1: the That's Lost in the NHL. The Devil's won their
Speaker 1: tenth straight The Capital's Lost. Global News twenty four hours
Speaker 1: a day on air end on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalist and analysts more than
Speaker 1: a hundred twenty countries. Michael bar This is Bloomberg, Nathan.
Speaker 1: Thanks Michael. At six nineteen on Wall Street Live from
Speaker 1: the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak and
Speaker 1: let's get more now on this rocket strike into Poland.
Speaker 1: Bloomberg News White House Editor Alex Wayne is joining us
Speaker 1: now live from Bali, Indonesia, part of our team covering
Speaker 1: the G twenty summit in Bali. Alex, it's great just
Speaker 1: speak with you as always, and it does sound, at
Speaker 1: least on the reporting we're hearing, that consensus is building
Speaker 1: that Russia wasn't at least directly responsible for this strike.
Speaker 1: What's the latest you can tell us, Yeah, but let's
Speaker 1: be clear, this wouldn't have happened for Russia. War in
Speaker 1: the middle of the Ukraine and shooting a war against
Speaker 1: attacking its neighbor, garaging Similian power facilities with missiles. UM,
Speaker 1: this is this is I would say this is directly Russia.
Speaker 1: Mr King help, But that said, UM, what happened here?
Speaker 1: But this this morning, Um, I'm morning considered Indonesia. We
Speaker 1: woke up to find the UM missile landing Poland. Because
Speaker 1: I quite a fuss here at the tent. The president
Speaker 1: President bud help the emergency getting at this hotel where
Speaker 1: he gathered US allies talk about what had happened. They
Speaker 1: plugged work for Poland as it is invest against the incident.
Speaker 1: UM fairly correctly. They determined that uh, it seems that
Speaker 1: the soul was an actual piece of mersion Organs was
Speaker 1: rather Ukrainians. It was probably fired at the Russians muscles. Alright.
Speaker 1: So from what I'm hearing, the apologies for the quality
Speaker 1: of the line they're from Bali, Indonesia. But it sounds
Speaker 1: as though Ukrainian air defenses are at least being seen
Speaker 1: as having some kind of responsibility for this. What kind
Speaker 1: of response could that mean from the US and NATO.
Speaker 1: It's pretty clear that the US NATO are are trying
Speaker 1: to loyal estal invasion here. With the Russians. UM. There's
Speaker 1: been a lot of criticism of Russian upord these missile
Speaker 1: strikes on Ukrainian UH civilian infrastructure around the country, Russia particularly,
Speaker 1: so could the intendency of these attacks bring the G
Speaker 1: twenty UM president insidence seems to be pretty offended by UM.
Speaker 1: So there's you know, there's no there's no hold train
Speaker 1: a couple for this. This was Ukraine trying to defended
Speaker 1: UM so it's we seem a may do with Rush
Speaker 1: any responsibility of comistener, although obviously it would happen unless
Speaker 1: they were right. Bloomberg's Alex Wayne joining us live from Bali, Indonesia,
Speaker 1: our White House editor again part of our team covering
Speaker 1: the G twenty summit in Bali, and again the very
Speaker 1: latest we're hearing from the US President Biden. Now from
Speaker 1: Polish President Andre Dooda, after consultations with allies, saying there
Speaker 1: are no indications that the rocket that hit their territory
Speaker 1: yesterday was an intentional attack by Russia. Dudah is saying
Speaker 1: that most likely, quote this was an unfortunate accident, that
Speaker 1: the missile was probably part of Ukraine's air defenses. But
Speaker 1: we're going to continue monitoring developments as well as what
Speaker 1: NATO's potential response to this could be as the war
Speaker 1: in Ukraine continues. Stay with Bloomberg Radio for the very latest.
Speaker 1: I want to turn it over there to Karen Moscow.
Speaker 1: Let's get a market check, Karen. How are things looking now?
Speaker 1: All right? Nathan? Thank you are We continue to watch
Speaker 1: futures this morning. They have been giving up some of
Speaker 1: their gains. SNP Future is still on the rise, though
Speaker 1: up about five points down Future is now at forty
Speaker 1: six and Nazdag futures little change. The decks in Germany
Speaker 1: is down about eight tens of upper cent. Ten year
Speaker 1: treasury is down four thirty seconds. The three points seven
Speaker 1: eight percent right now, and the yield on the two
Speaker 1: year four point three six percent. Also watching the thirty
Speaker 1: year yield at three point nine seven percent. Nine night.
Speaker 1: Scrude oil is moving higher, up four tens of upper
Speaker 1: cent or thirty seven cents at eighty seven dollars, twenty
Speaker 1: nine cents of barrel and Comax gold up half percent.
Speaker 1: It's of nine dollars at seventeen eighty five eighty announced.
Speaker 1: The euro this morning one point oh four to two
Speaker 1: against the dollar. British pound one point one nine oh
Speaker 1: six and the yen is at one thirty nine point
Speaker 1: four four bitcoin at sixteen thousand, seven hundred dollars. It
Speaker 1: is six twenty three on Wall Street. The following is
Speaker 1: an editorial from Bloomberg Opinion. This editorial was written by
Speaker 1: the Bloomberg Editorial Board. Investors have been celebrating recent inflation data,
Speaker 1: which showed both consumer and producer prices rising by less
Speaker 1: than expected in October, but don't get carried away by
Speaker 1: single month's numbers. It's too soon to be sure that
Speaker 1: the pace of monetary heightening can be safely scaled back.
Speaker 1: New supply side shocks would change everything, and Congress has
Speaker 1: to avoid throwing a wrench into the works. And before
Speaker 1: the Federal Reserve makes its next interest rate decision in December,
Speaker 1: it will have another inflation report and new labor market
Speaker 1: data to consider. For the moment, then investors would be
Speaker 1: wise to reign in their joy. The fight to control
Speaker 1: inflation has a long way to go. This editorial was
Speaker 1: written by the Bloomberg Editorial Board. For more Bloomberg Opinion,
Speaker 1: please go to Bloomberg dot com, Slash Opinion or O
Speaker 1: P I N. Go on the Bloomberg Terminal. These has
Speaker 1: been Bloomberg Opinion and Bloomberg Opinion editorials can be heard
Speaker 1: every weekday terminal customers can read more like O, P,
Speaker 1: I N go and again. Futures are leaning higher but
Speaker 1: have been giving up their gain, and Bloomberg Daybreak continues.
Speaker 1: This is Bloomberg. Bloomberg Daybreak is brought to you by
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Speaker 1: Bloomberg Interactive Broker Studio in New York. Bloomberg E Living
Speaker 1: Freedom to Washington, d C, Bloomberg N one to Boston,
Speaker 1: Bloomberg on All six one to San Francisco, Bloomberg nine
Speaker 1: sixteen to the country, Sirius XM chto one nineteen, and
Speaker 1: around the globe the Bloomberg Business and Bloomberg Radio dot com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We are just
Speaker 1: about three hours away from the open of US trading
Speaker 1: time to the five things that you need to know
Speaker 1: to start your day, bro to you by Interactive Brokers.
Speaker 1: Interactive Broker's Bond market place access their vast selection of
Speaker 1: over one million global fixed income securities with no markups
Speaker 1: or built in spreads and low transparent commissions. Learn more
Speaker 1: at ibkr dot com slash bonds. First, we began the
Speaker 1: rocket strike that killed two people in Poland, just over
Speaker 1: the border from Ukraine. World leaders are trying to determine
Speaker 1: if Russia attacked NATO territory. However, President Biden says that
Speaker 1: the G twenty summit it's unlikely the missile was fired
Speaker 1: from Russia. We're greed to support Poland's investigation into the
Speaker 1: explosion in rural Poland near the Ukrainian border, and I'm
Speaker 1: going to make sure we figure out exactly what happened,
Speaker 1: sources help President by Our sources say that President Biden
Speaker 1: is telling allies the blast was caused by Ukraine air
Speaker 1: defense systems. Yeah, Poland's president saying that now as well cared.
Speaker 1: But last night Ukraine's president, vladimir's Lensky called the strike
Speaker 1: and escalation hitting missiles on NATO territory. This is a
Speaker 1: Russian miss the attack on collective security. This is a
Speaker 1: very significant escalation. Ukraine's Vladimir's Lensky also called for an
Speaker 1: end to the war and an address to G twenty leaders. Well, Nathan,
Speaker 1: there's still no confirmation on the exact source of the blast.
Speaker 1: NATO ambassadors are meeting in Brussels for emergency talks on
Speaker 1: the situation. Former Defense Secretary Mark Esper too is preaching caution.
Speaker 1: My suspicion is that this was an accidental firing caused
Speaker 1: by either poor targeting or a malfunctioned by one of
Speaker 1: the Russian missiles. We need to go to a deliberate process,
Speaker 1: investigated out, and come to the facts. Former Defense Secretary
Speaker 1: Mark Esper spoke to Our Washington corresponded Joe Matthew on
Speaker 1: Bloomberg Sound on Catch the Show weekdays at five pm
Speaker 1: Eastern on Bloomberg Radio. Like here in the US, Karen,
Speaker 1: politics is front and center, with a familiar name back
Speaker 1: in the spotlight. Former President Donald Trump's made an announcement
Speaker 1: many already knew was coming. In order to make America
Speaker 1: graded glorious again, I am tonight announcing my candidacy for
Speaker 1: President of the United States. For the President Trump was
Speaker 1: without several key lies during that announcement, including his Datteryvonka Trump.
Speaker 1: And let's start to the economy now, where we get
Speaker 1: the latest US retail sales figure. This morning forecast are
Speaker 1: calling for a gain of one percent in October. We're
Speaker 1: also watching shares of Target they're falling four This is
Speaker 1: after its third quarter profit missed analysts estimates and it
Speaker 1: adjusted its guidance for the year. And we're going to
Speaker 1: be following those shares as well throughout the morning. That's
Speaker 1: the five things you need to know to start your day,
Speaker 1: brought to you by Interactive Brokers and your top stories
Speaker 1: local news straight Ahead. This is Bloomberg. I thanks Caring
Speaker 1: sixty three on Wall Street where forty two degrees in
Speaker 1: Central Park still got a crash in the southbound FDR Drive.
Speaker 1: We'll tell you more in traffic. First, Michael Bark with
Speaker 1: what else is going on in New York and around
Speaker 1: the world. Good morning, Michael, Good morning Nathan. It's going
Speaker 1: to cost more for a New York City cab ride.
Speaker 1: The Sydney's Taxi and Limousine Commission voted to increase fares.
Speaker 1: My twenty three percent the TLCS as passengers will also
Speaker 1: face an increase in rush hour and overnight surcharges and
Speaker 1: airport flat rates. Drivers sought higher fairs amid inflation and
Speaker 1: labor scarcity. Senator Rick Scott will challenge Mitch McConnell for
Speaker 1: the Chambers top Republican leadership post during a closed door
Speaker 1: meeting today. Meanwhile, rules will change now that House Minority
Speaker 1: Leader Kevin McCarthy is poised to become the next House speaker.
Speaker 1: McCarthy spoke at a news conference last night alongside other
Speaker 1: incoming members of the GOP leadership team. The one thing
Speaker 1: you'll learn is as my opportunity to be speakers, the
Speaker 1: House is going to change. No longer is all the
Speaker 1: power gonna arrest the way Nancy had it um no
Speaker 1: more proxy voting. Steve Scalise will likely be Majority leader
Speaker 1: and Congresswoman A Lease Stephonic was elected to a second
Speaker 1: term as GOP Conference Chair. Stephonic center party did quite
Speaker 1: well in her state. I particularly am proud being from
Speaker 1: the state of New York. We picked up four our
Speaker 1: seats in New York State, flipping blue districts to red,
Speaker 1: and we will have a tremendous Republican conference in Congress.
Speaker 1: Congresswoman Stephonic, a Federal appeals scored issued a temporary stay
Speaker 1: on a lower court judges order that scaled back enforcement
Speaker 1: of New York's new gun law. The stay from the
Speaker 1: Second U. S. Circuit Court of Appeals comes days after
Speaker 1: a U. S. District judge declared multiple portions of the
Speaker 1: law unconstitutional. New York lawmakers rewrote the state's handgun laws
Speaker 1: this summer after a Supreme Court ruling invalidated New York's
Speaker 1: old system for granting permits to carry handguns. NASA's new
Speaker 1: Moon rocket has blasted off with three test dummies aboard
Speaker 1: overnight for Cape Canaveral. These watchers were in awe. It
Speaker 1: was really bright like it looked like the sun was rising,
Speaker 1: sounded like an earthquake was going on. The Florida launch
Speaker 1: brings the US a big step closer to putting astronauts
Speaker 1: back on the Moon for the first time in fifty years.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg quick Take, powered by more than twenty seven
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael bar this is Bloomberg. Nathan Michael thanks on Wall
Speaker 1: Street time for Bloomberg Sports Out Day brought to you
Speaker 1: by Tri State Outing with John Stash, Ranks, Nathan and
Speaker 1: Nicks have hit the road. Didn't play well in their
Speaker 1: last day with the Guarden. You have a hundred forty
Speaker 1: five points in that lost Oklahoma City. But they've again
Speaker 1: the five game trip with a win at Utah one
Speaker 1: eighteen one eleven. Jalen Brunson scored twenty five points. Cam
Speaker 1: Reddish pitched in with nineteen Nicks for seven and seven.
Speaker 1: They play again tonight, this time in Denver. The Nets
Speaker 1: loss in the Sacramento one fifty three to one one.
Speaker 1: That's the most points the Nets have ever allowed. Hottest
Speaker 1: team in hockey. The Devil's made a ten straight wins,
Speaker 1: five one at Montreal College. Troops St. John's one. Kansas
Speaker 1: beat Duke. That's the first loss for Dukes new coach
Speaker 1: John Shire. Michigan State upset Kentucky double overtime. Anthony Rizzo
Speaker 1: staining what the Yankees do two years deal, there's forty
Speaker 1: million guaranteed. Rizzo just hit thirty two home runs. He
Speaker 1: is very close with Aaron Judge. The Yanks are talking
Speaker 1: contract with Judge owner hal Steinbrenner said he recently met
Speaker 1: with him one on one. Buck Show. Walters first Manager
Speaker 1: of the Year war was with the Yankees back in
Speaker 1: four the strike year. He then won with Texas and Baltimore,
Speaker 1: and now he's won the NL Award with the Mets
Speaker 1: in a close vote. Cleveland's Terry Francona one of the
Speaker 1: a l for the third time. A new stadium is
Speaker 1: gonna be built in New York City. A twenty five
Speaker 1: pass and seat soccer stadium near City Field and Queens
Speaker 1: will be used by the MLS team n y CFC,
Speaker 1: expected to be ready in seven. John Stashar Bloomberg Sports
Speaker 1: Navy All right, John, thanks meantime. Former Giants quarterback Eli
Speaker 1: Manning continues to expand his post football career. He signed
Speaker 1: on with a private equity firm, brand Velocity Group. That's
Speaker 1: in addition to his wildly popular Manning cast with brother
Speaker 1: Payton on ESPN Monday Night Football. Eli Manning talked about
Speaker 1: it all with Bloomberg's Matt Miller and Paul Sweeney, sitting
Speaker 1: on my colts watching football, making fun of my brother,
Speaker 1: like that's sounds like a good job. And you're like
Speaker 1: paying me four Like yeah, I mean, I know I
Speaker 1: went to Old Miss, but I know a good deal
Speaker 1: and I see one. And so that was the idea.
Speaker 1: And really, you know, just saying, hey, what would it
Speaker 1: be like if Peyton and I are in your living
Speaker 1: room watching the game? How would we watch it? You know,
Speaker 1: we're not going to talk about the first and ten
Speaker 1: run for two yards and tell you where the running
Speaker 1: back went to college, Like we don't know that answer.
Speaker 1: We don't know where about the college and you probably
Speaker 1: don't care either. So let's bring in some guests. Have
Speaker 1: it fun. We'll talk some x x's and knows. Tell
Speaker 1: you what's going through the quarterbacks mind right now? What
Speaker 1: you know, how should they handle this situation? Have Peyton
Speaker 1: calls sixty seven time outs? You know when different needs
Speaker 1: to call a time out? And so, you know, it's
Speaker 1: really just kind of having fun and in a different
Speaker 1: way to watch the game. Former Giants quarterback Eli Manning
Speaker 1: talking there with Matt Miller and Paul Sweeney on Bloomberg Radio.
Speaker 1: Can hear more from Matt and Paul every weekday ten am,
Speaker 1: All Street Time. Catch their full interview with Eli Manning
Speaker 1: this weekend on the Bloomberg Business of Sports Show six
Speaker 1: thirty eight on Wall Street. And now it's time to
Speaker 1: take a look at stock some of the names moving
Speaker 1: in the pre market with Bloomberg Radio and TV Markets
Speaker 1: correspondent Crety, Goofta and Crety. We gotta start with Target
Speaker 1: after a big earnings miss. This is a stock that
Speaker 1: just can't catch a break, Nathan. It seems t g
Speaker 1: T is your taker, shares you down about in the
Speaker 1: pre market. This comes after they come out with some
Speaker 1: earnings that really suggested consumers pulling back on their spending
Speaker 1: in recent weeks, sapping sales and profits. Uh. This is
Speaker 1: of course coming after Walmart numbers yesterday where you actually
Speaker 1: did have a much stronger consumers. So this almost feels
Speaker 1: like at this point a Target specific story, given even
Speaker 1: Home Depot have these massive sales and profits beasts. But
Speaker 1: take a look at what else they're saying. They're looking
Speaker 1: to cut at least two billion dollars in costs over
Speaker 1: the next three years. That is going to be a
Speaker 1: major story when it comes to the retail sector. Well,
Speaker 1: the question that comes to mind is does that mean layoffs.
Speaker 1: We've been really talking about this in the tech sector
Speaker 1: will that then spill over to the retail sector. But
Speaker 1: remember they did say over the next three years, so
Speaker 1: that's going to be a really crucial question. It's not
Speaker 1: the only retailer though that came out with some numbers.
Speaker 1: Lows as well is the one you want to keep
Speaker 1: an eye on. L o W is the taker. Their
Speaker 1: shears are actually up about three percent, and Low sectually
Speaker 1: came out with some good numbers as well. And this
Speaker 1: actually comes in line with what Home Depot suggested yesterday
Speaker 1: that they actually came out with an earnings beat and
Speaker 1: a boost to their full year outlook. In fact, actually
Speaker 1: raised their full year outlook. That's how confident they are
Speaker 1: about the holiday shopping period. So out of the four retailers, Walmart,
Speaker 1: Home Depot, Lows, and Target, Target is really the one lagging,
Speaker 1: and you can see the shares. Nathan punished quite a
Speaker 1: bit in the pre market. Yeah, certainly are thanks for
Speaker 1: this as always. Bloomberg Radio and TV Markets correspondent Crety
Speaker 1: gooped taking a look at stocks as a whole this morning.
Speaker 1: Starting to move just a little bit lower, Trading little
Speaker 1: changed right now, with SMP futures down to point. Dow
Speaker 1: futures are a little changed. NASTAC futures are down, but
Speaker 1: only by about fourteen points ten. Your treasuries down three thirtys,
Speaker 1: the yield three point yield on the two year right
Speaker 1: now four point three six per cent. And let's just
Speaker 1: take a look at Bitcoin on the session down one percent,
Speaker 1: right now sixteen thousand seven dollars. Stay with us. You're
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Speaker 1: a day at Bloomberg dot com, The Bloomberg Business Allan
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Speaker 1: I'm Karen Moscow Target shares following this morning in US
Speaker 1: dot index futures are now little change. We go to
Speaker 1: the first Word Breaking new desk for today's morning call,
Speaker 1: and here's Bill Maloney. Bill, good morning, Hey, good morning, Karen.
Speaker 1: That's right. US futures are quiet right now. A doubt
Speaker 1: futures hied by four points, SAPs are little change, and
Speaker 1: as that futures are lower by eleven. The US ten
Speaker 1: year old at three point seven eight percent, Gold is
Speaker 1: up three, oil is little changed, and Bitcoin is trading
Speaker 1: lower by one percent. Hong Kong fell half percent overnight,
Speaker 1: while up markets are in the red this morning and
Speaker 1: back in the US. On the economic frontday eight dirty
Speaker 1: retail sales and at ten o'clock business inventories and the
Speaker 1: housing market index. Regarding those earnings this morning, you mentioned
Speaker 1: Target stock is down fifteen percent after warning US shoppers
Speaker 1: are pulling back, hitting profits, but low sales and earnings
Speaker 1: beat estimates. In deal news esday lawdergreed to acquire tom
Speaker 1: Ford at a valuation of two point eight billion, and
Speaker 1: another news, Poland said that nothing indicates yesterday's missile hit
Speaker 1: was an intentional attack. Wrapping things up, that tronic was
Speaker 1: cut to hold at Deutsche Bank home depot was cut
Speaker 1: to market perform ratt Raymond James live from the first
Speaker 1: breaking news that scan Boomloney care right, Bill, thank you
Speaker 1: and to hear live breaking news over your Bloomberg type
Speaker 1: squawk on your termin I'll ascue you a w K
Speaker 1: and that's a Bloomberg Business Flash. Now here's Michael Barr
Speaker 1: with more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. President Joe Biden told allies that
Speaker 1: the explosion that killed two people in Poland was caused
Speaker 1: by Ukrainian air defenses. According to two officials familiar with
Speaker 1: the matter, it was ultimately sparked by the Russian missile
Speaker 1: barrage on Ukraine. Biden delivered the assessment during a conversation
Speaker 1: with NATO and Group of Seven allies in Indonesia. Former
Speaker 1: President Trump announced his candidacy for the White House in
Speaker 1: four Trump says President Biden and the Democrats destroyed the
Speaker 1: economy and he will fix it. In the NBA, the
Speaker 1: next one, the Nets lost to the King's one. In
Speaker 1: the NHL, the Devils won their tenth straight. The Capital's lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than went seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael Barn,
Speaker 1: this is Bloomberg Karen, right. Mchaelbar thank you. At his
Speaker 1: sixty nine on Wall Street. Let's turn to news and
Speaker 1: science and technology. Now with the Bloomberg and j I
Speaker 1: T STEM Report, BRONTI You Buy New Jersey Institute of Technology,
Speaker 1: and j I T has joined with McKinsey and Company
Speaker 1: to establish a Mackenzy Digital Capabilities Center specializing in biopharma manufacturing.
Speaker 1: Learn more at n j I T, dot, E d
Speaker 1: U and here's just making news and science, technology, engineering
Speaker 1: and math. It's NASA's most powerful rocket in fifty years
Speaker 1: and lift off for part of this one. We rise
Speaker 1: together back to the boon and dawn. Early today, NASA's
Speaker 1: new Moon rocket but lasted off on its debut flight
Speaker 1: with three test dummies on board. That brings the US
Speaker 1: a big step closer to putting astronauts back on the
Speaker 1: lunar surface for the first time since the end of
Speaker 1: the Apollo program fifty years ago. But according to a
Speaker 1: new report of the county's in the U, US suffered
Speaker 1: a weather disaster between twenty eleven and one. Some endured
Speaker 1: as many as twelve federally declared disasters over those eleven years.
Speaker 1: More than three hundred million people ninety three percent of
Speaker 1: the country's population live in these counties. Rebuild by Design,
Speaker 1: which published the report says California, Mississippi, Oklahoma, Iowa, and
Speaker 1: Tennessee had the most disasters, at least twenty each. An
Speaker 1: Apple is taking a major step toward reducing its reliance
Speaker 1: on Asian production. Bloomberg News has learned the company is
Speaker 1: prepared to begin sourcing ships for its devices from a
Speaker 1: plant being built in Arizona. Apple CEO Tim Cook has
Speaker 1: said the factory will start up in four That's a
Speaker 1: Bloomberg n j I t Stem report. Nathan Okay Karen
Speaker 1: Thanks rely from the Bloomberg Interactive Brokers studios, where it's
Speaker 1: just about six fifty one on Wall Street, timed out
Speaker 1: to check what's going on in d C. Some of
Speaker 1: the top stories from our nation's capital include President Biden
Speaker 1: and allies urging contient following the missile strike into Poland,
Speaker 1: former President prompt to find calls to move on with
Speaker 1: an announcement he's running, and Mitch McConnell in for a
Speaker 1: Senate leadership fight after Republicans mid term disappointment. Let's bring
Speaker 1: in Bloomberg Government reporter Emily Wilkins from Washington, d C.
Speaker 1: As NATO's Secretary General John Stoltenberg addresses reporters right now
Speaker 1: Emily on that missile strike. Here's what he had to
Speaker 1: say moments ago. And we have no indication that Russia
Speaker 1: is preparing offensive military actions against NATO. Our preliminary analysis
Speaker 1: suggests that the incident was likely caused by a Ukrainian
Speaker 1: air defense missile fired to defend Ukrainian territory against Russian
Speaker 1: cruz missile attacks. And some of the other headlines coming
Speaker 1: in from those comments from NATO's John Stoltenberg, this is
Speaker 1: not Ukraine's fault. Russia bears ultimate responsibility. Emily. What is
Speaker 1: the White House saying now about this? Well? President Biden
Speaker 1: said UH Wednesday that unlikely that a missile that killed
Speaker 1: to a NATO allied Poland was fired from Russia, but
Speaker 1: he pledged to support Russia's investigation into what it what
Speaker 1: what has been called a Russian made missile. At this point,
Speaker 1: I think there's still a lot of uncertainty going on.
Speaker 1: There's a lot of fact finding that members are our
Speaker 1: own officials are looking into doing. Uh. Reuters has reported
Speaker 1: that Poland has no conclusive evidence showing who fired the
Speaker 1: missile that called an explosion in the village near the
Speaker 1: Ukrainian border. And I think at this point, they're just
Speaker 1: a lot of questions still percolating about whether or not
Speaker 1: this was an attack, whether or not this was intentional,
Speaker 1: about what needs to happen. Um. Certainly, the US is
Speaker 1: still focused on continuing funding for Ukraine. On the White
Speaker 1: House is asking for additional funding to be included in
Speaker 1: the year and spending bill. So there's still a lot
Speaker 1: of focus on that, on that battle that's occurring, and
Speaker 1: on the war there. And I think at this point, UH,
Speaker 1: folks are just waiting to find out more information on
Speaker 1: exactly what happened, uh in the explosion of Poland. So
Speaker 1: what would you be looking for as we continue to
Speaker 1: watch this investigation developed? I think for me, I know
Speaker 1: for Fred's, as someone who's not an expert, I'm going
Speaker 1: to be sitting back and waiting to get some clarity
Speaker 1: on exactly how things are moving forward. You know, I
Speaker 1: cover Congress. I was asking a couple lawmakers about this yesterday.
Speaker 1: The response I got for most of them was, we
Speaker 1: still need to be brief, we still need to learn
Speaker 1: the details. UM. Clearly, you know, new things are are
Speaker 1: coming out throughout all of today. I think, certainly if
Speaker 1: there is evidence that this was an attack on purpose
Speaker 1: by Russia. That is going to change a lot of
Speaker 1: the dynamics about how lawmakers are thinking about this evasion
Speaker 1: into Ukraine and what it could mean. Obviously, Poland is
Speaker 1: a NATO ally, but I think at this point, um,
Speaker 1: you know, I don't want to speculate too too far
Speaker 1: because this might turn out to be something um that
Speaker 1: that wasn't intentional and and doesn't want up ultimately alternating
Speaker 1: the course of the war in Ukraine. All right, and
Speaker 1: we do want to pass along this red headline from
Speaker 1: NATO Secretary General John Stoltenberg's comments as we continue to
Speaker 1: monitor the developments. He is saying that the Polish blast
Speaker 1: was likely caused by an errand Ukraine Air Defense will
Speaker 1: continue monitoring developments. Of course, So let's turn to your beat,
Speaker 1: Emily Congress and uh domestic politics. Of course, we've got
Speaker 1: the announcement that everybody knew was coming. Former President Trump
Speaker 1: wants to be current President Trump again in two years. Yep,
Speaker 1: the twice impeached former president who has been at data
Speaker 1: handed losing a number of recent elections, has announced that
Speaker 1: he does again will run in This wasn't a huge surprise.
Speaker 1: Trump had kind of toyed with this idea, hinted at
Speaker 1: it for quite some time. But I think maybe perhaps
Speaker 1: what is more of a surprise is how you've seen
Speaker 1: a lot of the Republican part you respond to it
Speaker 1: that you've heard a lot of frustration from senators say,
Speaker 1: you know, it's time for the party to move on. Uh.
Speaker 1: They blamed Frump for their losses, not just in but
Speaker 1: the presidential in they blamed him for losing the Senate
Speaker 1: in twenty and then they noted that a lot of
Speaker 1: the candidates that he endorsed and he em backed in
Speaker 1: two ultimately lost. And so you are starting to see
Speaker 1: that there's a shift going on to try and find
Speaker 1: someone who perhaps isn't going to isolate as many independents
Speaker 1: uh and really going to bring the Republican Party together
Speaker 1: going forward. In um. Of course, there's a lot of
Speaker 1: attention right now on Florida Governor Ron de Santas, given
Speaker 1: the big victory that he had on on last Tuesday
Speaker 1: night in his re election for governor. But they're really
Speaker 1: a bunch of other potential candidates out there, and we've
Speaker 1: got two years to see how it all plays out.
Speaker 1: Nathan oh Joy and it's not just the search for
Speaker 1: a Republican standard baron now, We've got a search for
Speaker 1: a Republican lead are going on now in the Senate too, Yes,
Speaker 1: so helps uh sorry further Senate Minority Leader Mitch McConnell,
Speaker 1: who will remain Senate Minority leader after Republicans had a
Speaker 1: really disappointing night on last night, they were not able
Speaker 1: to gain control of the Senate. And so you've seen
Speaker 1: a Florida Senator Rick Scott step up and he said
Speaker 1: that he will be challenging Mitch McConnell for the chamber's
Speaker 1: top Republican leadership position on Wednesday. And there's also been
Speaker 1: some calls to delay the election, so we will see
Speaker 1: what happens with that. At this point, though, it does
Speaker 1: seem like McConnell has the votes that are needed to
Speaker 1: keep his position at the top of the Senate Republican Party. UM.
Speaker 1: I think the big question is how does how does
Speaker 1: the sentiment against him continue? Is he able to keep
Speaker 1: Republicans together or does that get more and more difficult
Speaker 1: as folks begin to question his leadership challenges. Of course,
Speaker 1: Senator Rick Scott was someone who had a lot of
Speaker 1: support from Represident Donald Trump UH and miss mcgonald Trump.
Speaker 1: They've really been at odds with each other ever since
Speaker 1: January six, where mcconald came out and blame Trump for
Speaker 1: the riot on the Capitol. Yeah, lots to come as
Speaker 1: we watched the direction of the Republican Party after this
Speaker 1: mid term. Emily Wilkins as always great to have you
Speaker 1: on with us. Bloomberg Government reporter Emily Wilkins from Washington.
Speaker 1: Read more Bloomberg dot com or on the Bloomberg terminal.
Speaker 1: Listen to Bloomberg Radio in the nation's capital at Bloomberg
Speaker 1: one and one oh five point seven FM HD two.
Speaker 1: SFP futures down to point, dal futures up a point,
Speaker 1: NAZAC futures down eleven points. Lots more on this market
Speaker 1: with Bloomberg Surveillance coming up next with Tom Keene, Jonathan Farroll,
Speaker 1: and Lisa Abramowitz for Karen Moscow. I'm Nathan Hagart. This
Speaker 1: is Bloomberg