Speaker 1: Markets, headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot Com, the Bloomberg Business apt and at
Speaker 1: Bloomberg Quicktake. This is a Bloomberg Business Flash and I'm
Speaker 1: Karen Moscow future is on the rise. This morning, we
Speaker 1: go to the First Word Breaking news desk for today's
Speaker 1: morning call. Here's Bill Maloney. Bill, good morning, and good morning, Karen.
Speaker 1: That's right, US futures with a bid right now without
Speaker 1: futures up two points. As if he's gained thirty three
Speaker 1: one nest that futures are up by one two he
Speaker 1: was ten year old. At three point oh six percent,
Speaker 1: Gold is little changed, oil is in the red, and
Speaker 1: bitcoin is traded higher by one point four percent. Japan
Speaker 1: rose one point one percent overnight, while European markets are
Speaker 1: also in the green this morning, and back in the US.
Speaker 1: On the economic front, at nine o'clock, the House price
Speaker 1: Index and at ten o'clock, consumer confidence in dean lows.
Speaker 1: Elon Musk sent a letter to Twitter, adding to reasons
Speaker 1: to terminate the deal, and you have politics. The U
Speaker 1: S is for Parent to sell one point one billion
Speaker 1: in missiles and radar support to Taiwan. In other news,
Speaker 1: Goldman Sachs said the downturn in the US housing market
Speaker 1: has further to run and wrapping things up still there
Speaker 1: was raised to neutral. Well read Hip Morgan Live from
Speaker 1: the First to Breaking News descom Bill Maloney. Karen, all right, Bill,
Speaker 1: thank you while you mentioned that letter from Elon Musk
Speaker 1: to Twitter. Twitter shares or down one point two percent
Speaker 1: in early trading right now, and we continue to watch
Speaker 1: Tesla up two point three first cent. And here live
Speaker 1: breaking news over your Bloombergy type squawk on your terminal
Speaker 1: scue you a w u K. That's a Bloomberg business flash.
Speaker 1: Now here's Minchel Barr with more on what's going on
Speaker 1: around the world. Michael, Karen, thank you very much. Ukrain's
Speaker 1: military says it is advancing in Russian held territory just
Speaker 1: north of the Crimea Peninsula. It comes as the International
Speaker 1: Atomic Energy Agency heads to the Russian occupied nuclear power
Speaker 1: plant to the northeast in Ukraine. Tony Ornado, the senior
Speaker 1: Secret Service official whose name was at the center of
Speaker 1: controversy during the January sixth hearings, has retired at the
Speaker 1: US Open Serena Williams, who announced this will likely be
Speaker 1: her last open Advanced after her first round win last
Speaker 1: night over Donavin. In baseball, the Yankees lost to the
Speaker 1: Angels for three, but Aaron Judge hit his fiftieth home
Speaker 1: run of the season. Judge became one of ten MLB
Speaker 1: players to have multiple fifty homer seasons. The Red Sox
Speaker 1: and Giants lost. Global Needs twenty four hours a day
Speaker 1: on here and on Bloomberg Quick Takes, powered by more
Speaker 1: than hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael Barn, This is Bloomberg, Karen Orry, Michael Barr, thank
Speaker 1: you at a sixte on Wall Street, and we turned
Speaker 1: to news and science and technology now with the Bloomberg
Speaker 1: and j I T Stem Report. It has brought to
Speaker 1: you by New Jersey Institute of Technology and j i
Speaker 1: T is dedicated to bolstering support for female and minority
Speaker 1: students pursuing careers in high paying STEM industries. Learn more
Speaker 1: at n j I T. Dont e d U and
Speaker 1: here's it's making news and science, technology, engineering, and math.
Speaker 1: China's battling COVID in every province, despite its use of
Speaker 1: the world's strictest measures to keep the virus out, all
Speaker 1: thirty one mainland provinces recorded at least one local COVID
Speaker 1: case over the past ten days. That's the broadest exposure
Speaker 1: to the virus since early. Restrictions have been increasing around
Speaker 1: Beijing and in Shenzen, China's southern technology hub. The European
Speaker 1: Union is set to meet its gas storage filling goal
Speaker 1: two months ahead of target. The block is bracing for
Speaker 1: a tough winter with Russia limiting supplies and energy prices.
Speaker 1: Soaring gas storage helps absorb supply shocks and provides up
Speaker 1: to of the fuel consumed in winter and South Korean
Speaker 1: battery maker l G and Japanese automaker Honda are investing
Speaker 1: four point four billion dollars and a joint venture in
Speaker 1: the US to produce batteries for Honda electric vehicles in
Speaker 1: the North American market. The planned side is still undecided,
Speaker 1: but construction will begin in early three with mass produce.
Speaker 1: Should not have advanced lithium I on battery sales to
Speaker 1: start by the end of and as the Bloomberg n
Speaker 1: j I t STEM report Nathan, thank you, Karen. We
Speaker 1: are live from the Bloomberg Interactive Brokers studios where it's
Speaker 1: just about six fifty one on Wall Street now it's
Speaker 1: time to check what's going on in VC, where some
Speaker 1: of the top stories include President Biden preparing a rare
Speaker 1: prime time speech on the threat he sees from the
Speaker 1: Republican Party, the Biden administration getting set to give one
Speaker 1: point one billion dollars in arms sales to Taiwan, the
Speaker 1: Justice Department raising doubts on former President Trump's Special Master request,
Speaker 1: and the Secret Service agent at the center of January
Speaker 1: sixth testimony resigning Bloomberg. Government reporter Emily Wilkins is back
Speaker 1: with US now for more on some of these stories. Emily,
Speaker 1: the President is going to be spending a lot of
Speaker 1: time in Pennsylvania over the next two days. He is,
Speaker 1: He's gonna go back to uh, back to his roots.
Speaker 1: He'll be in Wilkes Bar today. He's also gonna have
Speaker 1: Pittsburgh and then of course his big prime time speech
Speaker 1: this Thursday in Philadelphia. Pennsylvania, Nathan really really critical state
Speaker 1: for the upcoming midterms. And not only is there a
Speaker 1: competitive governor race there, which of course really doesn't decide
Speaker 1: the balance of Congress, but could meet a lot to Pennsylvanians. UH,
Speaker 1: there's also a competitive Senate race and numerous competitive House races.
Speaker 1: He's headed up to Congressman Matt Cartwright's district today. He's
Speaker 1: a Democrat who has got elected several times in a
Speaker 1: Trump district, but of course this year as they're not
Speaker 1: in democrats favor. So this is really part of Biden
Speaker 1: get trying to get out more on the campaign trail.
Speaker 1: He said he was going to do this at the
Speaker 1: beginning of the year, to get out more, to talk
Speaker 1: to the public more. There's a sense that Biden does
Speaker 1: better when he is away from the bubble that is Washington,
Speaker 1: d c. And is actually kind of able to get
Speaker 1: out and talk with folks one on one. So definitely
Speaker 1: expect to see more of that as we get closer
Speaker 1: to the election, and it will be very interesting to
Speaker 1: hear his speech tonight. You know, Biden kind of presented
Speaker 1: himself as a candidate, the Democratic candidate who could work
Speaker 1: with Republicans, who could build bridges, make things happen, and
Speaker 1: to an extent he has. But he's also trying to
Speaker 1: at the same time push this message that Republicans have
Speaker 1: become too radical and that they are now a threat
Speaker 1: to democracy. He's dusting off that playbook and expect to
Speaker 1: kind of hear more about him sort of pitching Democrats
Speaker 1: as as the party that you know, would would save
Speaker 1: Americans and continue democracy and set that at odds with Republicans.
Speaker 1: It is the playbook, as you mentioned, Emily, I guess
Speaker 1: the question is whether that kind of playbook is gonna
Speaker 1: work for congressional candidates on the Democratic Party looking to
Speaker 1: take or keep control of Congress in two Well, certainly
Speaker 1: a number of them are leaning in that direction. Wouldn't
Speaker 1: you talk with the head of the Democrats campaign arm,
Speaker 1: Congressman Sean Patrick Maloney. I mean, every time I've talked
Speaker 1: with him, it's it's almost like you can like count
Speaker 1: the number of times that he says mega Republicans, Like
Speaker 1: that's just become a part of his speech now. And
Speaker 1: even when I went up to Congressman mac Cartwright's district
Speaker 1: in the last couple of days and spoke with him,
Speaker 1: you know, he very much tied his Republican opponent to
Speaker 1: more extreme policies, particularly those on abortion. That's really something
Speaker 1: that Democrats see as a winning issue for them, especially
Speaker 1: if they can paint Republicans as being pretty radical on
Speaker 1: that and not having any sort of exceptions. Uh So,
Speaker 1: that's something that that Democrats are really focused on right now,
Speaker 1: and it's something that they do believe could make a
Speaker 1: difference for them when it comes to keeping the House
Speaker 1: and keeping the Senate. Let's turn to geo politics. There's
Speaker 1: a lot of focus right now still on Taiwan. Emily, Yes,
Speaker 1: we've got since speak House speaking, Nancy Pelosi went on
Speaker 1: that trip. We've seen other lawmakers from both sides of
Speaker 1: the aisles. Senator Ed Markey a Democrat, Senator Marshall Blackburn
Speaker 1: a Republican, go ahead and visit the island. We also
Speaker 1: just have a new alert crossing the terminal that Arizona's
Speaker 1: governor uh Doocy is going to be visiting Taiwan and
Speaker 1: meet shipmakers there. And this also comes as the White
Speaker 1: House is planning a one point one billion dollar in
Speaker 1: missiles and surveillance radar to Taiwan. This is the largest
Speaker 1: sense Spliden took office. These aren't any sort of new weapons,
Speaker 1: that doesn't really change Taiwan's capabilities as far as military
Speaker 1: is concerned, but it really continues to kind of send
Speaker 1: a strong message to Beijing that the US is supportive
Speaker 1: of Taiwan. And it comes, you know, as there are
Speaker 1: height intentions. China's has continued to send warships and aircraft
Speaker 1: into the Taiwan straight. Remember there were those missile launches
Speaker 1: and flyovers after Pelosi's trip. Uh, So certainly the there's
Speaker 1: there's been no sort of de escalation from from Washington.
Speaker 1: They have you know, continued to show their support for Taiwan. Uh,
Speaker 1: with this missile sale of course being being the latest. Yeah,
Speaker 1: we've had some developments as well in the FBI search
Speaker 1: at Mara Lago, former President Donald Trump's home and the
Speaker 1: classified material found there. What's the latest when it comes
Speaker 1: to the former president's request for an independent review of
Speaker 1: the documents. So there was a federal the federal judge
Speaker 1: has kind of been open to his request to have
Speaker 1: this third party, the special Master, reviews some of the documents.
Speaker 1: But the Justice Department came out and said that it's
Speaker 1: actually already screened the documents that they got from mar Lago. Uh. Potentially,
Speaker 1: you know that that might sort of eliminate the need
Speaker 1: for a third party to sort of look over and say,
Speaker 1: you know, this is something that the FBI should have
Speaker 1: and this is something that they shouldn't. Frump's really kind
Speaker 1: of pushed back on the documents that that were taken
Speaker 1: from his home. We still don't have a good sense
Speaker 1: of exactly what they contain, but it is clear that
Speaker 1: you know, this is certainly a part of a wider
Speaker 1: Department of Justice investigation. UM, and this was something that
Speaker 1: will probably continue to play out in the news. UM.
Speaker 1: Certainly just just a huge story, lots of unprecedented parts
Speaker 1: in here, all right, Bloomberg Government reporter Emily Wilkins keeping
Speaker 1: on all the developments in the nation's capital for US. Emily,
Speaker 1: Thanks as always. Read more about these stories on Bloomberg
Speaker 1: dot com or on the Bloomberg terminal. And a reminder,
Speaker 1: you can follow all the latest on Bloomberg Radio in
Speaker 1: Washington Bloomberg and one oh five point seven fm h
Speaker 1: D two a red headline just across the Bloomberg terminal.
Speaker 1: The National Congress of the Communist Party of China is
Speaker 1: going to hold its leadership selection meeting October sixte Chinese
Speaker 1: President Shi Jinping is expected to his extent his decade
Speaker 1: in power at that event, with an unprecedented third presidential term.
Speaker 1: This was all according to the shin Watt News Agency.
Speaker 1: And we're still keeping an eye on Twitter and Tesla shares,
Speaker 1: with Elon Musk putting in that new filing sitting a
Speaker 1: whistleblower claim as another reason why he should be allowed
Speaker 1: to back out of his forty four billion dollar takeover offered.
Speaker 1: Twitter shares right now down one in the third percent.
Speaker 1: In pre market trading, Tesla is moving higher by a
Speaker 1: bit more than two percent. Futures moving higher as well.
Speaker 1: SMP futures up thirty four points, Staff futures up two
Speaker 1: twenty two. Nastack futures are higher by one hundred forty
Speaker 1: three points. Bloomberg Surveillance is next with Tom Keene, Jonathan Farrell,
Speaker 1: and Lisa Abramowitz for Karen Moscow. I'm Nathan Hager, and
Speaker 1: this is Bloomberg broadcasting live from the Bloomberg Interactive Brokers
Speaker 1: Studio in New York. Bloomberg and Loving Free to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg one O six one
Speaker 1: to San Francisco Bloomberg No. Sixteen to the Country Sirius
Speaker 1: XM Chado one nineteen and around the globe the Bloomberg
Speaker 1: Business and Bloomberg Radio dot Com. This is Bloomberg Daybreak.
Speaker 1: It is six thirty on Wall Street. Good morning, I'm
Speaker 1: Nathan Hager and I'm Karen Moscow. We are just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: to the five things that you need to notice start
Speaker 1: your day. Brought to you by Interactive Brokers. Interactive Broker's
Speaker 1: charges Martin loan rates from two point three percent at
Speaker 1: three point eight three percent. Their clients can also wear
Speaker 1: an extra income by lending their fully paid shares of stock.
Speaker 1: Rates subject to change. Learn more at ib k r
Speaker 1: dot com. Slash compare well at first. Twitter shares are
Speaker 1: down one percent in early trading after Elon Musk sent
Speaker 1: a termination letter to Twitter, as the test La founder
Speaker 1: tries to back out of his deal for the social
Speaker 1: media giant. Meanwhile, Tesla shares are higher, up two point
Speaker 1: two percent in early trading. As for the broader market,
Speaker 1: Karen futures are bouncing back following two straight days of
Speaker 1: losses on Wall Street following Fed Chair J Powell's hawk
Speaker 1: ish comments Friday. Terry Spath is chief investment officer at
Speaker 1: Zooma Wealth. The marketer as spooks because they're afraid that
Speaker 1: the FED could create a hard landing. Looking forward into September,
Speaker 1: what we're gonna want to try and anticipate is if
Speaker 1: we see seventy five bases rise, which I think is
Speaker 1: a very high probability and increasing probability. Is that digested
Speaker 1: as bad news or as good news? ZOOMA Wealth ce
Speaker 1: io Terry Spath says she expects continued market volatility in
Speaker 1: the short term. Well, the market may have been rattled
Speaker 1: by Powell's speech Nathan. Minneapolis Fed President Neil cash Cary
Speaker 1: says he was comforted by the sell off. I was
Speaker 1: actually happy to see how share Powell's Jackson Hole speech
Speaker 1: was received. People now understand the seriousness of our commitment
Speaker 1: to getting inflation back down to two. Minneapolis Fed President
Speaker 1: Neil cash Cary made the comments on the Odd Lots
Speaker 1: podcast with Bloomberg's Tracy Alloway and Joe Washenthal. Listen to
Speaker 1: the entire interview wherever you get your podcast. Interest rates
Speaker 1: are in focus in Europe here and ECB chief economist
Speaker 1: Philip Blaine seems to question the idea of a seventy
Speaker 1: five basis point hike next week, He's urging a steady
Speaker 1: pace of increases to fight record inflation. To politics now, Nathan,
Speaker 1: President Biden will deliver a prime time speech this week,
Speaker 1: escalating criticism of what he calls extreme mega Republicans. It
Speaker 1: comes as the president is seeing his approval ratings improve
Speaker 1: ahead of the November midterms. Bloomberg Political contributor Jeanie sheehan
Speaker 1: Zeno says, for Democrats, one strategy will be keeping former
Speaker 1: President Trump and the news. The political reality is the
Speaker 1: more Donald Trump is in the news, the better for Democrats.
Speaker 1: And that's been reality. So you know, the more Trump,
Speaker 1: the better for them. And Bloomberg Politics contributor Jennie Sheehan
Speaker 1: Zeno spoke to Joe Matthew on Bloomberg Sound On Catch
Speaker 1: the program weekdays at five pm Eastern on Bloomberg Radio.
Speaker 1: And that's the five things that you need to know
Speaker 1: to start your day, brought to you by Interactive Brokers,
Speaker 1: straight ahead, your latest local headlines, plus a check of sports.
Speaker 1: And this is Bloomberg. Thank you. Karen sixty three on
Speaker 1: Wall Street, seventy five degrees in Central Park. Kind of
Speaker 1: broken down vehicle headed the JFK Airport. It's on the
Speaker 1: southbound van wake at Linden Boulevard. More coming up in traffic. First,
Speaker 1: Michael Barr with what else is going on in New
Speaker 1: York and around the world. Good morning Michael, Good morning Nathan.
Speaker 1: New York Mayor Eric Adam says he is signing several
Speaker 1: bills to expand access and resources to pregnant women. Mayor
Speaker 1: Adams says these bills will promote annex fan access to
Speaker 1: maternal healthcare from the Overturnyi Road vertss wade to state
Speaker 1: efforts to criminalize those who seek abortions. Reproductive healthcare is
Speaker 1: in danger. The health choices should be made by women
Speaker 1: and their bodies. They should make the decisions on these
Speaker 1: important medical moments. Mayor Adams says one of the bills
Speaker 1: establishes a maternal Bill of Rights. More bus loads of
Speaker 1: migrants are coming to New York City today from Texas.
Speaker 1: The city continues to try and find places for the
Speaker 1: asylum seekers. Mayor Adams says more than seventy migrants have
Speaker 1: arrived in New York from Texas. Authorities say the twenty
Speaker 1: year old who opened fire in a Bend, Oregon supermarket,
Speaker 1: killing two before he turned the gun on himself, was
Speaker 1: a loner who was known for getting into fights at
Speaker 1: the high school where he graduated in me And. While
Speaker 1: a vigil was held last night for the victims who
Speaker 1: were shot at the Safe Waste store Sunday night. Reverend
Speaker 1: Erica's Spade attended the vigil. Is stead growing um dissatisfaction
Speaker 1: with why should we be afraid to go to the
Speaker 1: grocery store? Why should be afraid to send our children
Speaker 1: to school? And so um deep grief but also deep anger.
Speaker 1: Two others were wounded in Sunday shooting. Flooding has caused
Speaker 1: a worst case scenarioto to hit the drinking water supply
Speaker 1: for Jackson, Mississippi. One of the main pumps at the
Speaker 1: city's main water treatment facility failed earlier than predicted. The
Speaker 1: city can no longer provide enough running water for everyone.
Speaker 1: Mississippi Governor Tate Reeves, Please stay safe, do not drink
Speaker 1: the water. In too many cases, it is raw water
Speaker 1: from the reservoir being pushed through the pipes. Governor Reeves says.
Speaker 1: Jackson's mayor declared a state of emergency. Ukraine's military says
Speaker 1: it is advancing in Russian held territory just north of
Speaker 1: the Crimea Peninsula. President Zelenski didn't talk specifically about the
Speaker 1: operation there. In the region, he said Ukrainian forces were
Speaker 1: retaking this country's territory, and he had a message for
Speaker 1: Russian forces. If you want to survive, it's time to flee.
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: I'm Michael Barr, and this is Bloomberg. Nathan. Thanks Michael.
Speaker 1: Almost six thirty six on Wall Street, John stash hours
Speaker 1: got the Bloomberg Sports updates thanks to day Than. It
Speaker 1: was a night of home run so the Yankees and
Speaker 1: Angels and Annahan. The Angels had three, won by x
Speaker 1: Yank Mike Ford, another by show Hey Otani two run
Speaker 1: shot his twenty nine. Yankees got solo home runs from
Speaker 1: Anthony Rizzo fourth inning, his twenty ninth, and then in
Speaker 1: the eighth a patented errand Judge blast is straightaway center
Speaker 1: field judges fifty f home run. He becomes only the
Speaker 1: ten to have done it twice. For the Angels one
Speaker 1: four to three, and it's the Yanks third straight loss
Speaker 1: after winning five and row. The Mets were off. They
Speaker 1: host the high flying Dodgers tonight. L A comes in
Speaker 1: having won in the last thirty one Serena Williams has
Speaker 1: never actually used the word for retirement. She admits to
Speaker 1: being vague. Said last night k to me to be vague,
Speaker 1: and her career is definitely not over yet. She won
Speaker 1: her first round match with the US Open straight sets
Speaker 1: over Donka Covinage much to the light of the Big
Speaker 1: Craft and I walked out the the reception was really overwhelming.
Speaker 1: Um it was. It was loud, and it was it
Speaker 1: was I could fill it in my chest and it
Speaker 1: was a really good filling. Very We'll be back to
Speaker 1: mar and I went for what figure would be a
Speaker 1: tougher match in the second round with second seed, and
Speaker 1: that count divide opening day upsets, plenty of them. Dominic team,
Speaker 1: who won the Open two years ago, lost, so did
Speaker 1: fourth seeded Stefano sits Upon Taylor Fritz, the tenth seed,
Speaker 1: highest American seed. He was beaten by another American, Brandon Halt.
Speaker 1: He's the son of one time US Open champ Tracy Austin.
Speaker 1: Simona Hallet stunned by Darius Snygora, twenty year old from Ukraine.
Speaker 1: She's a qualifier. She had never won a professional match before.
Speaker 1: R J Barrett on the verge of a big contract
Speaker 1: extensions with the next four years a hundred and twenty
Speaker 1: million dollars. Don Stashar Boomberg Sports, Nathan all Right, John,
Speaker 1: thanks six seven on Wall Street. Time to take a
Speaker 1: look at stock. Some of the names moving in the
Speaker 1: pre market with Bloomberg Radio and TV Markets correspondent created
Speaker 1: Gupta and all of a sudden createy Tesla and Twitter
Speaker 1: shares are on the move. They are, They're back in
Speaker 1: the news, back in focus. Really, just moments ago you
Speaker 1: had Elon Musk sending a letter to Twitter adding reasons
Speaker 1: to terminate the deal. Now, remember this is the other
Speaker 1: two companies that are starting to deal with the legal fallout.
Speaker 1: A lot of this has is expected, I should say,
Speaker 1: to end by October a five day trial, I believe,
Speaker 1: which is what Twitter had advocated for Elon Musk, Gett
Speaker 1: advocated for more time. Ultimately, the judge had favored in
Speaker 1: Twitter's favor. So as we start to see some of
Speaker 1: these developments in the court case, uh, the stock is
Speaker 1: likely to move and that such development is coming out
Speaker 1: this morning. Elon Musk, like I said, sending a letter
Speaker 1: to Twitter, adding recent allegations from a Twitter whistleblower on
Speaker 1: further reasons why he believes he can cancel his forty
Speaker 1: four billion dollar deal with the social media company. Musk
Speaker 1: lawyer so that they wrote the additional termination notice in
Speaker 1: the event that the July eight termination notice was determined
Speaker 1: to be invalid for any reason. So here's what he
Speaker 1: added on Nathan. He said there's no alleged violation of
Speaker 1: a consent degree with the FTC. He says that they're
Speaker 1: sec filing containing alleged untrue statements around privacy and data protection,
Speaker 1: failure to discuss conduct from the CEO Parague Auger Wall,
Speaker 1: as well around statements he had made to his Twitter's board.
Speaker 1: He's also talking about resulting lawsuits from the whistleblower complaint
Speaker 1: and alleged intellectual property infringements. That's a lot of legal
Speaker 1: talk for saying there is way way more that Elon
Speaker 1: Musk has in his toolbox here to throw a Twitter
Speaker 1: to really to to end this deal. And really, after
Speaker 1: we saw those headlines, Twitter shares actually dropped there down
Speaker 1: at one point four percent. And this is interesting because
Speaker 1: that negative correlation between Twitter and Tesla it is still
Speaker 1: there because though when Twitter shares drop, Tesla shares rise,
Speaker 1: and Tesla shares are indeed up two point three percent. Yeah,
Speaker 1: it's interesting to watch as well, and it's going to
Speaker 1: make that dell we're hearing all the more interesting to
Speaker 1: keep an eye on as well. And I know you're
Speaker 1: keeping an eye on Meme stocks again this morning, creating.
Speaker 1: I mean, it's kind of wild where I'm having a
Speaker 1: really severe bat of deja vu here, Nathan, because Bed
Speaker 1: Bath and Beyond once again, it is up, and it's
Speaker 1: up by a lot. Remember it is in line with
Speaker 1: the broader market. You are seeing the entire market rebound.
Speaker 1: The Bed Bathroom Beyond is going the extra mile here,
Speaker 1: up about ten percent in pre market trading b b B.
Speaker 1: Why is your taker once again no real newspack, So
Speaker 1: that really screams retail trader to you. And they are
Speaker 1: showing up in lines of Bed Bath and Beyond. The
Speaker 1: question is doesn't show up on the macro front all right?
Speaker 1: Bloomberg Radio and TV Markets correspondent Crety Gupta keeping an
Speaker 1: eye on a lot of name by name volatility this morning,
Speaker 1: for sure. Looking at the broader market. We're seeing that
Speaker 1: bounce back following the two days slide from FED chair
Speaker 1: j Pal's comments at Jackson whole SMP futures on the
Speaker 1: rise now by thirty four points. Staff futures up two
Speaker 1: or twenty NASTAC futures leading those gains up a hundred
Speaker 1: forty five points. The tenure treasury is up ten thirty seconds.
Speaker 1: The yield three point zero six percent. Yield on the
Speaker 1: two year right now three point four zero percent. And
Speaker 1: you're listening to Bloomberg Daybreak Bloomberg eleven three oh weather,
Speaker 1: mostly sunny, chance for late they shower, upper eighties. Showers
Speaker 1: lend early tomorrow, clearing, hides in the opper eighties once again, sunny, less,
Speaker 1: humid Thursday, high near eighty five right now seventy five
Speaker 1: in Central Park Markets. Headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quicktake. This is a Bloomberg Business Flash.
Speaker 1: And I'm Karen Moscow, and we continue to watch shares
Speaker 1: of Twitter this morning. They're down almost two and a
Speaker 1: half percent in early trading. Ys Elon Musk sent a
Speaker 1: letter to the social media company highlighting additional reasons to
Speaker 1: terminate a merger agreement. Test Las shares meanwhile, are rising
Speaker 1: this morning, up more than two percent. Future is on
Speaker 1: the rise of this morning as well. S and P
Speaker 1: future is up thirty five points down. Futures have two
Speaker 1: hundred twenty four nasday futures have one hundred forty six
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg ten, your treasury up ten thirty seconds.
Speaker 1: You have three point oh six percent. They yield on
Speaker 1: the two year three point four zero percent. Nine Mack
Speaker 1: screwed oils down one point six percent on a dollar
Speaker 1: fifty five at ninety five dollars forty six cents of
Speaker 1: barrel call make schooled at a quarter percent, or four
Speaker 1: dollars thirty cents at seventeen forty five forty announced. The
Speaker 1: euro is at one point zero zero four two against
Speaker 1: the dollar, British found one point one seven to eight
Speaker 1: and the yen one thirty eight point three one. And
Speaker 1: bitcoin is up one point three percent at twenty thousand,
Speaker 1: four hundred fifty dollars. That's a Bloomberg business flows. Now
Speaker 1: here's Michael bar with more on what's going on around
Speaker 1: the world. Michael Karen, thank you very much. Ukrainian forces
Speaker 1: launched round assaults in the Curson region of southern Ukraine.
Speaker 1: It comes as inspector's head to the nuclear plant to
Speaker 1: the northeast from the latest offensive. President Joe Biden plans
Speaker 1: to deliver a prime time speech Thursday in Philadelphia the
Speaker 1: sailing Republicans for what he regards as their threats to
Speaker 1: US rights and freedom. Retirement will have to wait at
Speaker 1: the US Open. Serena Williams advanced after her first round
Speaker 1: win last night over Nanka Kovin. In baseball, the Yankees
Speaker 1: lost to the Angels for three, but Aaron Judge hit
Speaker 1: his fiftieth home run of the season. Judge became one
Speaker 1: of ten players in Major League history with multiple fifty
Speaker 1: homer seasons. The Red Sox and Giants lost. Global news
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists analysts more
Speaker 1: than a hundred twenty countries. Michael bar this is Bloomberg, Nathan.
Speaker 1: Thanks Michael. It is six nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactive Brokers studios. This is Bloomberg Daybreak
Speaker 1: or pleased to be joined this morning by Mark Vitner's
Speaker 1: senior economist at Wells fargo as we continue to kind
Speaker 1: of assess the market reaction to FED chair j Pale's
Speaker 1: hawky ish tone at the end of last week at
Speaker 1: the Jackson Hoole Economic Symposium, Mark, good morning. Do you
Speaker 1: think the market has fully priced in what FED chair
Speaker 1: pal had to say about higher for longer interest rates? Well,
Speaker 1: I think we're getting there. It's um, we probably still
Speaker 1: have a little ways to go. I think the folks
Speaker 1: who are underestimating how much more the FED is going
Speaker 1: to have to do to bring inflation down, they don't
Speaker 1: have to do it all at once. And I think
Speaker 1: that everybody's gotten hugging upon whether they're gonna go fifty
Speaker 1: or seventy five in September. And the real question is
Speaker 1: do they go to four or are they gonna have
Speaker 1: to go higher than four percent? And how long are
Speaker 1: they going to have to hold interest rates that high?
Speaker 1: And I think the message from from Jackson all was,
Speaker 1: you know, we're not quite sure ourselves, but it's probably
Speaker 1: gonna be for a little bit higher than four and
Speaker 1: don't count the rate cuts next year, and so rates
Speaker 1: are going to be a little higher for a little longer.
Speaker 1: And I don't think that's fully priced it. What do
Speaker 1: you think the Fed has to see to get to
Speaker 1: a point where it can say that we can at
Speaker 1: least start slowing down the pace of rate hiks, Well,
Speaker 1: I think they have to have a better idea that
Speaker 1: the that the economy's momentum has slowed away, that aggregate
Speaker 1: demand is going to cool off inflation, and I think
Speaker 1: we're making progress on that. And a lot of people
Speaker 1: are probably scratching their heads and say, wait a minute,
Speaker 1: we had two declines in GDP in the first quarter
Speaker 1: and second quarter. Isn't that enough And those declines are
Speaker 1: a little lousory. I think that we're going to see
Speaker 1: later in September and September twenty nine we get the
Speaker 1: benchmark revisions. The g D gigros was actually positive in
Speaker 1: the first two quarters of the year, so that we
Speaker 1: are losing momentum, but we're coming from a little bit
Speaker 1: more strength than people accounted for. Counta on the employment
Speaker 1: numbers have been real strong. We still see a lot
Speaker 1: of pressure on wages, so we probably need to see
Speaker 1: a definitive rollover in wages before the FET is going
Speaker 1: to feel that they can at the at the at
Speaker 1: the end and their eight heights is is in sight,
Speaker 1: and then we need to see some improven on the
Speaker 1: supply side, which the set has less control over um
Speaker 1: in terms of the supply chain bottlenecks and and and
Speaker 1: seeing agget production pick up in the US, and that
Speaker 1: that's going to be longer that that imbalanced thems like
Speaker 1: it's going to carry well over into three fed. Chapel
Speaker 1: did put a lot of emphasis on the tightness of
Speaker 1: the labor market in his speech on Friday. Do you
Speaker 1: think we're going to start to see some signs of
Speaker 1: that rollover and wage price pressure in the print that
Speaker 1: we get on Friday. We're not looking for for it there,
Speaker 1: although I do think that that there that we were
Speaker 1: topping out. We're looking for about a half a percentage
Speaker 1: quite increase in average early earnings and should be up
Speaker 1: about five three percent year to year UM. It's probably
Speaker 1: too soon, although we are seeing some improvement. You know,
Speaker 1: anybody who's taken over or or lift, we'll see that
Speaker 1: there's been a notable increase in drivers coming back, and
Speaker 1: so I think that's a that's one of those real
Speaker 1: life things that you can that I think handsome carry
Speaker 1: over to the broader economy. And you think people are
Speaker 1: coming back in the workforce. It may be though, that
Speaker 1: they're coming back because they're getting squeezed by by higher
Speaker 1: food dinner two prices and they they need a little
Speaker 1: bit more bit more income. We got about a minute
Speaker 1: left here, Mark, what kind of economic impact are you
Speaker 1: looking for from the Fed? Beginning it's balance sheet online
Speaker 1: this week? Well, they in terms of their their balance
Speaker 1: sheet online, and this is uh at an ongoing impact
Speaker 1: on the market. And we've seen that the spread on
Speaker 1: mortgage rates relative to the tenure treasury as has wide
Speaker 1: and considerably. And I don't know that all of that
Speaker 1: is because of me, just a patient of the FED
Speaker 1: reducing their mortgage holdings um in the but but I
Speaker 1: know some of it is. And the mortgage market and
Speaker 1: housing is the biggest transmission mechanism for one of the
Speaker 1: biggest picture transmission mechanisms for monetary policy, and that's one
Speaker 1: part of the accounty that has clearly slowed. And I
Speaker 1: think what we'll see some evidence of that in the
Speaker 1: case showing numbers that come out this morning that home
Speaker 1: prices have clearly rolled over and most of the country
Speaker 1: is now seeing a great kill of discounting in the
Speaker 1: housing markets. So so the balancing runoff is having an impact. Mean,
Speaker 1: it's one of the one of the things that drove
Speaker 1: asset prices up, and we've clearly see that asset prices
Speaker 1: are reversing. The real question going forward is when they
Speaker 1: ramp up as they're they're doing now, as they ramp
Speaker 1: up the run the runoff of securities that have an
Speaker 1: increasing the impact on asset prices. And I certainly hope
Speaker 1: not that I think that we're liking to see that.
Speaker 1: This Mary's all. As always, Thanks Mark for your thoughts.
Speaker 1: Mark Vitner, senior economist at Wells Fargo with us this
Speaker 1: morning as we continue to watch futures move higher. Right now,
Speaker 1: SMP futures up thirty four points. This is Bloomberg Bloomberg
Speaker 1: eleven three oh weather, mostly sunny, late day shower possible tonight.
Speaker 1: We'll get to the upper eighties and he showers end
Speaker 1: early tomorrow, hides in the upper eighties once again. We'll
Speaker 1: be sunny, less, humid, mid eighties for Thursday. Right now,
Speaker 1: seventy five degrees Live from the Bloomberg Interactive Berger Studios.
Speaker 1: This is Bloomberg day Break for Tuesday, August thirty. It's
Speaker 1: two coming up this hour. Futures rise following the worst
Speaker 1: two day stock selloff since June. A top FED official
Speaker 1: says he was happy how the market reacted to j.
Speaker 1: Powell's Jackson Hoole speech and the Biden administration said to
Speaker 1: be preparing to sell a billion dollars in arms to Taiwan.
Speaker 1: New York Mayor Adams provides more resources for pregnant women,
Speaker 1: Blush grained launched Southern Offensive. As inspector said to a
Speaker 1: nuclear plant, I'd like the bar more ahead, I'm down
Speaker 1: Stats and sports. Aaron Judges fifty ft film, Ron game
Speaker 1: in a Yankee loss of the Angel. Serena Williams advances
Speaker 1: at the US Open. That's all Trading ahead on Bloomberg
Speaker 1: day Break on Bloomberg eleven Free on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Sirius XM one nine team and around
Speaker 1: the world on Bloomberg Radio dot com and via the
Speaker 1: Bloomberg Business App. Good morning, I'm Nathan Hager and I'm
Speaker 1: Karen Moscow and ust Index Futures on the rise this morning.
Speaker 1: We are coming up to six o one on Wall Street.
Speaker 1: I mean check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg, SNP futures at thirty four points,
Speaker 1: Staff futures have two hundred twenty two and nownesday futures
Speaker 1: up one hundred thirty six ten. Your treasury up nine
Speaker 1: thirty seconds, you have three point six percent, that yield
Speaker 1: on the two years at three point four zero percent,
Speaker 1: and NIMEX screwed oil is down one point seven percent
Speaker 1: Nathan Karen. The rise in futures follows two straight days
Speaker 1: of losses on Wall Street. In fact, the SMP five
Speaker 1: hundred and NASTAC one hundred posted their worst to day
Speaker 1: tumble since mid June, following FIT Share J. Powell's hawk
Speaker 1: ish comments on Friday. Aaron Kennan is CEO at Clear
Speaker 1: Harborsset Management. There has been a belief since perhaps mid June,
Speaker 1: that the FIT at some point, perhaps by the end
Speaker 1: of the year, would be in a position where they're
Speaker 1: looking at data and decelerating inflation, and that they may
Speaker 1: in fact be in a position to pivot. And I
Speaker 1: think what we heard on Friday was that's not accurate.
Speaker 1: Do not fight the FED. You know, if you're predicting
Speaker 1: a pivot soon, please do not bet on it. Darin
Speaker 1: Kennon with Clear Harborasset Management says equities could experience a
Speaker 1: rough patch as the FED continues battling inflation. Well, Nathan,
Speaker 1: and while investors may have been rattled by the stock
Speaker 1: market reaction to Powell's speech, Minneapolis Fed President Neil cash
Speaker 1: Cary says it was good by him. I from me
Speaker 1: was not excited to see the stock market rallying after
Speaker 1: our last photo Open Market Committee meeting, because I know
Speaker 1: how committed we all are to getting inflation down, and
Speaker 1: I somehow think the markets were misunderstanding that. And I
Speaker 1: was actually happy to see how Cheri Pal's Jackson Hole
Speaker 1: speech was received. You know, people now understand the seriousness
Speaker 1: of our commitment to getting inflation back down to two percent.
Speaker 1: Cash Curry said, the US Central Bank is determined to
Speaker 1: contain inflation. The most costly mistake we will make is
Speaker 1: if we get fooled thinking, oh, we've got inflation licked,
Speaker 1: now let's go cut interest rates. Because the economy is
Speaker 1: showing signs of weakendings, and so the way to deal
Speaker 1: with the lags for me is just to get somewhere
Speaker 1: and sit there until we're really convinced that we've got
Speaker 1: inflation licked. Anapolis Fed President Neil cash Carey made the
Speaker 1: comments on the Odd Lots podcast with Bloomberg's Tracy Alloway
Speaker 1: and Joe Rosenthal. Listen to the entire interview wherever you
Speaker 1: get your podcasts. Interest rates are also in focus in Europe.
Speaker 1: Parent E c V chief economist Philip Lane is urging
Speaker 1: a steady pace of eight hikes to fight record inflation.
Speaker 1: He thinks that will help minimize any negative consequences. Where
Speaker 1: we are now, where the poti fate is zero, is
Speaker 1: below Annie verse and off the terminal race we said
Speaker 1: in July, and it's fairly obvious, and the market believe
Speaker 1: at the surveys anticipators is there will be a series
Speaker 1: of hikes coming off. But of course what the big
Speaker 1: debate is exactly how high should the accuminated increased ECB
Speaker 1: Chief economist Philip Blaines comments seemed to push back against
Speaker 1: some of his colleagues who floated the idea of a
Speaker 1: seventy five basis point hike at next week's meeting. But
Speaker 1: the Corporate News now Nathan Microsoft is outlined plan changes
Speaker 1: to the terms of its software licensing agreements in Europe,
Speaker 1: and Bloomberry Shirley Pellant has the story. It follows complaints
Speaker 1: to antitrust regulators from some European cloud computing service providers
Speaker 1: that the company's practices put rivals out of competitive disadvantage.
Speaker 1: Microsoft says the changes will make it simpler for customers
Speaker 1: of rival cloud service companies in Europe to move their
Speaker 1: exist software to these other networks. It says the new
Speaker 1: terms will also ensure the cloud partners quote have access
Speaker 1: to the products necessary to sell cost effective solutions that
Speaker 1: customers want. In New York, Charlie Pellett, Bloomberg Daybreak, All right, Charlie,
Speaker 1: thank you on the earning stront We get quarterly results
Speaker 1: this morning from best Buy. Bloomberg's Tom Busby has a preview.
Speaker 1: After cutting its annual profit and sales forecast in July.
Speaker 1: It's expected to be a dismal second quarter earnings report
Speaker 1: from the Minnesota based retailer as it contends with weakening
Speaker 1: demand for PCs, laptops and other consumer electronics u S
Speaker 1: COMP sales forecast to tumble more than eleven percent last quarter.
Speaker 1: The big focus though, for investors the chain's outlook for
Speaker 1: the all important holiday shopping season consess. This calls for
Speaker 1: adjusted earnings per share of a dollar thirty eight revenue
Speaker 1: of ten point three five billion dollars. I'm Tom Busby,
Speaker 1: Bloomberg Daybreak. All right, Tom, thank you to politics Now.
Speaker 1: Bloomberg News has learned the budding administration is preparing to
Speaker 1: sell one point one billion dollars in missiles and radar
Speaker 1: support to Taiwan. It would be the largest transfer of
Speaker 1: US weapons to Taiwan, and almost two years of the
Speaker 1: sale does not offer Taiwan any new military capacity, still
Speaker 1: likely to lead to more protests from China to meantime, Karen.
Speaker 1: President Biden will deliver a primetime speech this week, escalating
Speaker 1: his criticism of what he calls extreme MAGA Republicans. A
Speaker 1: preview now from Amy Morris and our Bloomberg newsroom in Washington.
Speaker 1: White House officials tell Bloomberg News President Biden will speak
Speaker 1: about the battle for the soul of the nation and
Speaker 1: will warn that the country's core values, including democracy itself,
Speaker 1: are at stake. Thursday's address from Philadelphia's Independence National Historical
Speaker 1: Park will condemn the GOP for what Biden regards is
Speaker 1: their threats to US rights and freedoms, and sharpen his
Speaker 1: attacks on Republicans as he works to reframe the mid
Speaker 1: term elections, which are traditionally punishing for first term presidents.
Speaker 1: In Washington, I'm Amy Morris, Bloomberg Daybreak. All right, Amy, thanks,
Speaker 1: and President Biden's approval ratings have been on the rise.
Speaker 1: The poll tracking website five thirty eight now says Democrats
Speaker 1: are now slightly favored to keep control of the Senate
Speaker 1: in November. Republicans, meanwhile, are dealing with multiple investigations against
Speaker 1: former President Donald Shrump. Bloomberg political contributor Jeanie shehan Zeno says,
Speaker 1: the more the former president is in the news, the
Speaker 1: better it is for Democrats. Republicans know that they would
Speaker 1: like to turn their focus on Joe Biden. They'd like
Speaker 1: to talk about inflation. They'd like to talk about his age,
Speaker 1: They'd like to talk about a whole bunch of things.
Speaker 1: They haven't gotten the oxygen in the room because Donald
Speaker 1: Trump takes it all up. Bloomberg Politic politics contributor Genie
Speaker 1: shehan Zeno spoke at Our Washington corresponded Joe Matthew on
Speaker 1: Bloomberg Sound on Catch the program weekdays at five pm
Speaker 1: Eastern on Bloomberg Radio. Again, Future is on the rise
Speaker 1: this morning, straight ahead, your latest local headlines, plus a
Speaker 1: check of sports. And this is Bloomberg. All right, Karen,
Speaker 1: thank you. It is uh six oh seven on Wall Street. Now.
Speaker 1: We's seventy five degrees in Central Park, getting heavy on
Speaker 1: the westbound l I E from the Van Wick through
Speaker 1: Woodhaven Boulevard. Details coming up in traffic. First Michael Barr
Speaker 1: with what else is going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning Nathan. New
Speaker 1: York City will give pregnant women more support and expanded
Speaker 1: access to resources. It's an effort to address health disparities.
Speaker 1: New York City Mayor Eric Adam says that he is
Speaker 1: signing seven bills into law making pregnancy safer and bridge
Speaker 1: the gap for maternal healthcare for black women and the
Speaker 1: numbers of clear. Black women are nine times more likely
Speaker 1: to die of pregnancy re lady causes than white women
Speaker 1: in New York City. That is an alarming, unacceptable number.
Speaker 1: Mayor Adam says the bills will do several things, including
Speaker 1: established a maternal Bill of Rights and for women to
Speaker 1: be free from discrimination. A team lost an arm after
Speaker 1: an impact in the New York City subway. The fifteen
Speaker 1: year old's arm was severed after being struck by a
Speaker 1: northbound our train in Jackson Heights, Queens. He's currently in
Speaker 1: stable condition at bell of View Hospital that set the
Speaker 1: team was trying to subway serve. Ukraine's military says it
Speaker 1: is advancing in Russian hell Territory just north of the
Speaker 1: Crimea Peninsula. Ukrainian forces launched ground assaults in the Kirchhean region.
Speaker 1: It comes as the International Atomic Energy Agency heads to
Speaker 1: the Russian occupied nuclear power plant to the northeast. In Ukraine.
Speaker 1: There is no safe water to drink from the tap
Speaker 1: for up to a hundred eighty thousand people. In Jackson, Mississippi,
Speaker 1: flood waters from the Pearl River are going down, knocking
Speaker 1: out the main pumping station. Mississippi Governor Tate reeves we
Speaker 1: are drafting a state of emergency declaration with regards to
Speaker 1: Jackson's failure to produce running water. Governor Reeves says that
Speaker 1: also means there is less or no water to fight
Speaker 1: fires and flush toilets. Climate researchers are sounding the alarm
Speaker 1: that Greenland's melting ice sheet will eventually raised global sea
Speaker 1: levels by about ten inches. According to the report in
Speaker 1: the journal Nature. The fear now oh is that it
Speaker 1: may be inevitable. Author and science journalists Guy Events says,
Speaker 1: nations have to start planning now for future climate refugees
Speaker 1: and mass migration. People will not be able to adapt
Speaker 1: in certain places. They will have to move. Author Guy Events,
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than seven hundred
Speaker 1: journalists analysts more than a hundred twenty countries. Michael Barn
Speaker 1: this is Bloomberg, Nathan. Thank you, Michael. Almost six cent
Speaker 1: on Wall Street time for the Bloomberg Sports Update. Here's
Speaker 1: John Stashower back to Nathan Yankees after a couple of
Speaker 1: lossons in Oakland, YA series in Anaheim and in the
Speaker 1: eighth in eight Milestone, the pitch swung on it hit
Speaker 1: deep center field, trouvel the run John number fifty, end
Speaker 1: of the war file in center field in Anaheim. It's
Speaker 1: four play angels after the whole run number fifty. John
Speaker 1: at the f an at the call. He's only the
Speaker 1: tenth player in baseball history to have had two fifty
Speaker 1: home run seasons, and he gets there before even getting
Speaker 1: to September. The question now is if Judge can break
Speaker 1: Roger Marris's Yankee and American League record of sixty one
Speaker 1: homers angels one three on a show Heyo Tani two
Speaker 1: run homers. It's twenty night that came up Frankie Mantas,
Speaker 1: who has four and eleven record between the Yankees and Oakland.
Speaker 1: The Dodgers, with a Tenny Winman Miami, are now fifty
Speaker 1: one games over five hundred as they started series tonight
Speaker 1: with the Mets at City Field across the parking lot
Speaker 1: for the US Open. Last night hot ticket to see
Speaker 1: Serena Williams not the final match of her career. She
Speaker 1: beat Duncan Covinett straight Sesslo. She would be back tomorrow
Speaker 1: night for a second round match for the net count
Speaker 1: of Night and g is the tournament's second seed. The
Speaker 1: next said to be close to an agreement with R. J.
Speaker 1: Barrett only twenty two years old and he's getting a
Speaker 1: four year, one hundred and twenty million dollar extension, So
Speaker 1: if they are to make a trade with Utah for
Speaker 1: Donovan Mitchell, it will not include Barrett. NFL teams including
Speaker 1: Jackson Giants, have to cut their rosters down today. In
Speaker 1: a surprise, the forty Niners who are starting Trey Lands
Speaker 1: are keeping Jimmy Garoppolo is the backup quarterback. John Stashar
Speaker 1: Bloomberg Sports. All right, John, thanks for red headline just
Speaker 1: causing the Bloomberg terminal. Elon Musk has sent a letter
Speaker 1: to Twitter adding reasons to terminate his forty four billion
Speaker 1: dollar buyout offer. Twitter shares right now are down almost
Speaker 1: three percent. Tesla shares are up more than two percent.
Speaker 1: Futures are higher. This is Bloomberg. Good morning, Bloomberg, eleven
Speaker 1: three oh Weather, mostly sunny, chance for a late day
Speaker 1: shower today, upper eighties, any showers and early tomorrow Clearing.
Speaker 1: Hides in the upper eighties for Wednesday, sunny, less humid,
Speaker 1: mid eighties for Thursday. Right now seventy five in Central
Speaker 1: Park