1 00:00:01,240 --> 00:00:04,359 Speaker 1: Live from the Bloomberg Interactive Brookers Studios. This is Bloomberg 2 00:00:04,400 --> 00:00:07,960 Speaker 1: day Break for Tuesday, June seven two. Coming up the shower. 3 00:00:08,160 --> 00:00:11,440 Speaker 1: Boris Johnson survives as UK Prime Minister, but the question 4 00:00:11,560 --> 00:00:15,120 Speaker 1: is for how long Russia bands Dozens, including Janet Yellen 5 00:00:15,200 --> 00:00:18,200 Speaker 1: and Black Rock CEO Larry fing Kee primaries today in 6 00:00:18,360 --> 00:00:21,639 Speaker 1: seven states, including California and New Jersey, and looks like 7 00:00:21,760 --> 00:00:25,720 Speaker 1: Buyer's remorse won't get Elon Musk out of his Twitter acquisition. 8 00:00:25,840 --> 00:00:28,560 Speaker 1: New York Mayor Eric Adams reacts to new gun laws 9 00:00:28,560 --> 00:00:31,320 Speaker 1: across the state. Plus the U S warrens North Korea 10 00:00:31,360 --> 00:00:34,000 Speaker 1: of a strong punishment and conducts a nuclear tests on 11 00:00:34,120 --> 00:00:36,800 Speaker 1: Michael bar More ahead of John Stas Stoward Sports. The 12 00:00:36,880 --> 00:00:39,480 Speaker 1: next one in San Diego, Colorado was raised this Dailey 13 00:00:39,520 --> 00:00:41,800 Speaker 1: Cup on All the Rangers played Game four at Tampa 14 00:00:41,840 --> 00:00:47,280 Speaker 1: Bay tonight. That's All's training ahead on Bloomberg Daybreak on 15 00:00:47,400 --> 00:00:51,880 Speaker 1: Bloomberg eleven, Free on New York, Bloomberg one, Washington, d C, 16 00:00:52,360 --> 00:00:56,640 Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, 17 00:00:57,120 --> 00:01:00,120 Speaker 1: Syrius Exam one nine Team, and around the world on 18 00:01:00,280 --> 00:01:03,600 Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business Shop 19 00:01:07,800 --> 00:01:10,399 Speaker 1: and good morning. I'm through at Moscow. I'm Nathan Hagar. 20 00:01:10,400 --> 00:01:13,479 Speaker 1: Bloomberg Daybreak is brought to you by Informattica in the Cloud. 21 00:01:13,520 --> 00:01:16,119 Speaker 1: Your data has the power to view the extraordinary managed 22 00:01:16,200 --> 00:01:19,080 Speaker 1: data across any location in the cloud for accurate and 23 00:01:19,200 --> 00:01:23,320 Speaker 1: actionable insights. More at informattica dot com. A US futures 24 00:01:23,360 --> 00:01:26,199 Speaker 1: are lower this morning five oh one on Wall Street. 25 00:01:26,240 --> 00:01:28,559 Speaker 1: We checked the markets every fifteen minutes throughout the trading 26 00:01:28,640 --> 00:01:31,399 Speaker 1: day on Bloomberg Right now. S and P futures down 27 00:01:31,440 --> 00:01:34,400 Speaker 1: twelve points down, futures down a hundred four, NASDAG futures 28 00:01:34,440 --> 00:01:37,520 Speaker 1: down forty eight and the tenure Treasury up six thirty seconds. 29 00:01:37,560 --> 00:01:40,760 Speaker 1: You have three point one percent, Nathan, Karen. We'll have 30 00:01:40,840 --> 00:01:42,480 Speaker 1: more on the markets in just a minute. First, you 31 00:01:42,520 --> 00:01:44,280 Speaker 1: want to get you the latest on the future of 32 00:01:44,400 --> 00:01:47,760 Speaker 1: Boris Johnson. The UK Prime Minister has managed to cling 33 00:01:47,840 --> 00:01:50,320 Speaker 1: to power. Let's go live to London and get the 34 00:01:50,400 --> 00:01:53,640 Speaker 1: very latest from Bloomberg's You and Pott's Good morning. Good morning, 35 00:01:53,720 --> 00:01:56,480 Speaker 1: Nathan and Karen win for Boris Johnson in a vote 36 00:01:56,520 --> 00:01:59,480 Speaker 1: among lawmakers in his own conservative policy. The UK Prominissa 37 00:01:59,520 --> 00:02:02,400 Speaker 1: has secure all the numbers to remain as leader, but 38 00:02:02,520 --> 00:02:05,480 Speaker 1: more than forty percent of his colleagues indicated they had 39 00:02:05,560 --> 00:02:08,520 Speaker 1: no confidence in his leadership. That was the worst result 40 00:02:08,560 --> 00:02:12,080 Speaker 1: than that suffered by his predecessor, Theresa May. Under official 41 00:02:12,080 --> 00:02:14,760 Speaker 1: party rules, he cannot now be challenged again for another 42 00:02:14,840 --> 00:02:18,040 Speaker 1: twelve months, but rules can be changed, and many expect 43 00:02:18,120 --> 00:02:20,919 Speaker 1: leadion for questions to continue in London. I'm your parts 44 00:02:20,919 --> 00:02:22,880 Speaker 1: being big day, break right you and thank you now 45 00:02:22,919 --> 00:02:25,400 Speaker 1: the latest on the war. Russia has banned dozens of 46 00:02:25,480 --> 00:02:28,440 Speaker 1: US officials from entering the country. We get details from 47 00:02:28,440 --> 00:02:33,440 Speaker 1: Bloomberg's Amy Morris in our newsroom in Washington. Treasury Secretary 48 00:02:33,520 --> 00:02:35,960 Speaker 1: Janet Yellett and Black Rocks Larry Fink are among the 49 00:02:36,000 --> 00:02:40,120 Speaker 1: sixty one US officials and executives indefinitely banned by Russia 50 00:02:40,320 --> 00:02:44,880 Speaker 1: retaliation for what it called constantly expanding sanctions against its citizens. 51 00:02:44,919 --> 00:02:47,519 Speaker 1: This says, Ukraine is in talks with the United Nations 52 00:02:47,680 --> 00:02:50,440 Speaker 1: to craft a deal between Turkey and Moscow to restart 53 00:02:50,480 --> 00:02:54,160 Speaker 1: shipments of grain from ports blocked by Russia. Meanwhile, shortly 54 00:02:54,200 --> 00:02:56,840 Speaker 1: after the UK joined the US and pledging to send 55 00:02:56,919 --> 00:03:00,440 Speaker 1: longer range missiles to Ukraine, Russia's president Putin threatened to 56 00:03:00,440 --> 00:03:03,519 Speaker 1: strike new targets if those weapons are delivered in Washington. 57 00:03:03,600 --> 00:03:06,160 Speaker 1: I'm Amy Moore as Bloomberg Daybreak. All right, Amy, thank you. 58 00:03:06,200 --> 00:03:10,519 Speaker 1: Turning to US politics. It is a primary election Super Tuesday. 59 00:03:10,680 --> 00:03:13,680 Speaker 1: Seven states, led by California and New Jersey, are heading 60 00:03:13,720 --> 00:03:15,960 Speaker 1: to the polls for the busiest day of voting before 61 00:03:16,000 --> 00:03:19,520 Speaker 1: the general election in November. Claremont mckennack College political scientist 62 00:03:19,600 --> 00:03:22,080 Speaker 1: Jack Pittney has more on a major theme playing out 63 00:03:22,200 --> 00:03:25,600 Speaker 1: in California, crime and homelessness. If you talk to anybody 64 00:03:25,639 --> 00:03:29,440 Speaker 1: who's recently visited Los Angeles, they'll be shocked at the 65 00:03:29,440 --> 00:03:33,680 Speaker 1: homeless encampments all over the city. Uh. It's a huge 66 00:03:33,800 --> 00:03:37,200 Speaker 1: humanitarian problem and one that the city government has not 67 00:03:37,360 --> 00:03:41,000 Speaker 1: been able to manage very effectively. Claremont McKennis Jack Pitney 68 00:03:41,040 --> 00:03:43,800 Speaker 1: says it is affecting the Democratic race for Los Angeles Mayor, 69 00:03:43,800 --> 00:03:47,360 Speaker 1: pitting Congressman Karen Bass against tough on crime billionaire Rick Caruso. 70 00:03:47,680 --> 00:03:50,800 Speaker 1: It is also feeling the race for Attorney General in California, 71 00:03:50,880 --> 00:03:53,840 Speaker 1: two Republicans and a Republican turned independent or running to 72 00:03:53,960 --> 00:03:58,400 Speaker 1: unsea Democratic incumbent Rob Banta. As for congressional races. Republican 73 00:03:58,480 --> 00:04:01,760 Speaker 1: David Valadeo is facing a tough primary challenge. He was 74 00:04:01,840 --> 00:04:04,200 Speaker 1: one of the ten House Republicans who voted to impeach 75 00:04:04,280 --> 00:04:07,440 Speaker 1: former President Donald Trump last year. Well in New Jersey 76 00:04:07,520 --> 00:04:10,760 Speaker 1: Nathan Republican contenders are hoping to crack the States Blue 77 00:04:10,800 --> 00:04:14,560 Speaker 1: Wall in today's primary, and Bloomberg's Michael Barr has the latest. 78 00:04:14,840 --> 00:04:18,480 Speaker 1: Today's primary has a field of thirty five GOP candidates, 79 00:04:18,480 --> 00:04:22,120 Speaker 1: many online with former President Trump. However, the governor's seat 80 00:04:22,120 --> 00:04:25,040 Speaker 1: and the legislature are controlled by Democrats and the party 81 00:04:25,240 --> 00:04:28,480 Speaker 1: holds ten of the twelve congressional seats. One race to 82 00:04:28,560 --> 00:04:31,480 Speaker 1: keep an eye on his New Jersey's third district, Jim 83 00:04:31,520 --> 00:04:34,560 Speaker 1: owner Ian Smith, refused in order to close his business 84 00:04:34,640 --> 00:04:38,480 Speaker 1: during the pandemic, is among three Republicans running against Democrat 85 00:04:38,600 --> 00:04:42,080 Speaker 1: Andy Kim. The third district is a politically divided area 86 00:04:42,160 --> 00:04:45,799 Speaker 1: that voted for Trump by a narrow margin in the election. 87 00:04:46,160 --> 00:04:49,200 Speaker 1: In New York, Michael Barr Bloomberg Day Brick Okay Michael 88 00:04:49,200 --> 00:04:52,719 Speaker 1: Thanks in Corporate News, Deal or No Deal looks like 89 00:04:52,760 --> 00:04:55,719 Speaker 1: Elon Musk's buyer's remorse will not get him out of 90 00:04:55,800 --> 00:04:58,360 Speaker 1: his acquisition of Twitter. Let's get more on that line 91 00:04:58,360 --> 00:05:00,760 Speaker 1: from Bloomberg's We Need a Young, We Need Good Morning. 92 00:05:00,839 --> 00:05:04,120 Speaker 1: Nathan Elon. Musk is reviving his argument that Twitter has 93 00:05:04,160 --> 00:05:07,359 Speaker 1: a serious bot problem, and he's threatening to walk away 94 00:05:07,360 --> 00:05:09,599 Speaker 1: from the deal if the social media giant does not 95 00:05:09,800 --> 00:05:12,880 Speaker 1: do more to prove that its users are real people. 96 00:05:13,200 --> 00:05:16,400 Speaker 1: But Bloomberg sources say behind the scenes the deal is 97 00:05:16,440 --> 00:05:19,400 Speaker 1: still proceeding. Twitter thinks it's in the best interest of 98 00:05:19,440 --> 00:05:23,000 Speaker 1: all shareholders and wants the cleft to close the transaction, 99 00:05:23,400 --> 00:05:25,960 Speaker 1: and it's possible that Twitter could try to sue Musk 100 00:05:26,200 --> 00:05:28,960 Speaker 1: to complete the deal if he tries to walk away. 101 00:05:29,440 --> 00:05:31,920 Speaker 1: Live in New York, I'm rened to Young Bloomberg day 102 00:05:31,920 --> 00:05:33,680 Speaker 1: Break a right re need to thank you. Apple out 103 00:05:33,680 --> 00:05:37,520 Speaker 1: with new software and services at its Worldwide Developers Conference. 104 00:05:37,600 --> 00:05:42,240 Speaker 1: Fresh features include an updated iPhone lock screen, multitasking for 105 00:05:42,279 --> 00:05:45,360 Speaker 1: the iPad, and a pay later service that brings Apples 106 00:05:45,360 --> 00:05:48,479 Speaker 1: into the finance industry. We discussed the move with Creative 107 00:05:48,520 --> 00:05:52,520 Speaker 1: Strategies President Carolina Milanessi from the event in California. I 108 00:05:52,600 --> 00:05:54,440 Speaker 1: think the core of it is that is going to 109 00:05:54,520 --> 00:05:56,719 Speaker 1: be so much easier for people that use Apple Pee 110 00:05:56,960 --> 00:06:00,400 Speaker 1: to just use that as a default versus using the 111 00:06:00,520 --> 00:06:03,240 Speaker 1: plethora of other options but you have in the market. 112 00:06:03,360 --> 00:06:07,280 Speaker 1: It's about integration, is about taking away every little bit 113 00:06:07,279 --> 00:06:10,760 Speaker 1: of friction that you have in the experience creative Strategies. 114 00:06:10,800 --> 00:06:15,039 Speaker 1: President Carolina Milanessi expects Apple's new pay later features to 115 00:06:15,080 --> 00:06:18,440 Speaker 1: be helpful for both small businesses and consumers. Turning to 116 00:06:18,520 --> 00:06:22,120 Speaker 1: the economy, Karen JP Morgan Chase chief economist Bruce Cassman 117 00:06:22,200 --> 00:06:25,719 Speaker 1: says there's little chance a recession is imminent. I think 118 00:06:25,720 --> 00:06:28,520 Speaker 1: what we're gonna see is growth continue to be on 119 00:06:28,560 --> 00:06:32,479 Speaker 1: the softer side, but growth continue to show resilience. Uh. 120 00:06:32,520 --> 00:06:35,560 Speaker 1: We don't see a near term recession. Uh. We see 121 00:06:35,560 --> 00:06:38,599 Speaker 1: a global economy which actually does okay in the second 122 00:06:38,640 --> 00:06:40,640 Speaker 1: half of the year, with the U S slowing and 123 00:06:40,680 --> 00:06:43,359 Speaker 1: the rest of the world doing somewhat better. JP Morgan 124 00:06:43,480 --> 00:06:47,080 Speaker 1: Chase chief economist Bruce Cassman's comments differ from his boss, 125 00:06:47,160 --> 00:06:50,400 Speaker 1: Jamie Diamond. Last week, Diamond said investors should be ready 126 00:06:50,440 --> 00:06:54,240 Speaker 1: for an economic hurricane, as tighter monetary policy, inflation, and 127 00:06:54,400 --> 00:06:58,640 Speaker 1: Russia's invasion of Ukraine pose ongoing risks, and futures are lower. 128 00:06:58,680 --> 00:07:02,120 Speaker 1: This morning, SMP future years down seventeen points down futures 129 00:07:02,160 --> 00:07:04,600 Speaker 1: down a hundred thirty two and nashdaic Future is down 130 00:07:04,720 --> 00:07:07,920 Speaker 1: sixty ten year treasury up six thirties seconds, the yield 131 00:07:07,960 --> 00:07:10,360 Speaker 1: three point one percent, and the yield on the two 132 00:07:10,440 --> 00:07:13,720 Speaker 1: year two point seven one and straight ahead, your latest 133 00:07:13,760 --> 00:07:17,960 Speaker 1: local headlines plus the check of sports and this is 134 00:07:18,040 --> 00:07:25,200 Speaker 1: Bloomberg right, Thanks Karen. It's five oh seven on Wall Street. 135 00:07:25,200 --> 00:07:27,520 Speaker 1: Were at sixty three degrees in Central Park. Already have 136 00:07:27,520 --> 00:07:30,800 Speaker 1: an accident in southbound Major Degan at Fordham Road. Details 137 00:07:30,840 --> 00:07:33,080 Speaker 1: coming up in traffic. First, Michael Barr is back with 138 00:07:33,160 --> 00:07:34,320 Speaker 1: us for a look at what else is going on 139 00:07:34,320 --> 00:07:36,440 Speaker 1: in New York and around the world. Good morning, Michael, 140 00:07:36,480 --> 00:07:39,360 Speaker 1: Good morning Nathan. New York Governor Kathy Oakle signed new 141 00:07:39,400 --> 00:07:43,280 Speaker 1: gun reform legislation into law three weeks after ten people 142 00:07:43,320 --> 00:07:45,880 Speaker 1: were killed in a mass shooting at a Buffalo supermarket 143 00:07:46,200 --> 00:07:51,400 Speaker 1: by a self proclaimed white supremacists. The bills will include 144 00:07:51,440 --> 00:07:53,880 Speaker 1: banning anyone under the age of twenty one from buying 145 00:07:54,000 --> 00:07:57,480 Speaker 1: or possessing a semi automatic rifle, as well as expanding 146 00:07:57,480 --> 00:08:00,240 Speaker 1: current red flag walls to keep guns out of the 147 00:08:00,320 --> 00:08:06,440 Speaker 1: hands of quote dangerous people. It just keeps hapening shots 148 00:08:06,560 --> 00:08:14,400 Speaker 1: ring out. Flags come down and nothing ever changes except 149 00:08:14,680 --> 00:08:17,840 Speaker 1: here in New York. During the signing and Buffalo Governor 150 00:08:17,920 --> 00:08:20,960 Speaker 1: Hokel says, New York legislators made the decision to be 151 00:08:21,080 --> 00:08:24,600 Speaker 1: leaders when it comes to gun reform, rather than followers 152 00:08:24,720 --> 00:08:28,960 Speaker 1: waiting on Washington, Mayor Adams praised the new gun laws 153 00:08:28,960 --> 00:08:32,120 Speaker 1: in the state. The New York Mayor says, though, that 154 00:08:32,200 --> 00:08:35,720 Speaker 1: more needs to be done to properly prosecute the criminals 155 00:08:35,720 --> 00:08:39,080 Speaker 1: who commit the crimes, Because, he says, criminals, no, they 156 00:08:39,080 --> 00:08:44,840 Speaker 1: won't face proper consequences. No one takes criminal justice seriously anymore. 157 00:08:45,480 --> 00:08:48,840 Speaker 1: These bad guys no longer take them seriously. They believe 158 00:08:48,880 --> 00:08:52,880 Speaker 1: our criminal justice system is a laughing stock. Mayor Adams 159 00:08:52,920 --> 00:08:56,040 Speaker 1: also says they have taken three thousand guns off the streets. 160 00:08:56,480 --> 00:08:59,320 Speaker 1: A bipartisan group of lawmakers in Congress is trying to 161 00:08:59,320 --> 00:09:03,400 Speaker 1: find common ground and pass new gun control legislation. Democratic 162 00:09:03,440 --> 00:09:06,880 Speaker 1: negotiators see a deal could be completed this week. Democratic 163 00:09:06,920 --> 00:09:10,040 Speaker 1: Senator Chris Murphy of Connecticut. Parents are scared, kids are 164 00:09:10,080 --> 00:09:13,760 Speaker 1: scared that they need progress. They need us to show 165 00:09:14,160 --> 00:09:18,360 Speaker 1: that we care about what kids are going through UM 166 00:09:18,400 --> 00:09:21,120 Speaker 1: and I'm hopeful that we'll get a deal. Senator Murphy 167 00:09:21,160 --> 00:09:25,040 Speaker 1: says the proposals include enhanced background checks, the US war 168 00:09:25,160 --> 00:09:27,839 Speaker 1: North Korea of a strong punishment if it conducts a 169 00:09:27,920 --> 00:09:31,440 Speaker 1: nuclear test. It comes, as Washington and the United Nations 170 00:09:31,440 --> 00:09:34,360 Speaker 1: watchdog Agency have said signs in the KP Young Yang 171 00:09:34,720 --> 00:09:39,880 Speaker 1: could soon set off its first atomic device. Since Global 172 00:09:39,920 --> 00:09:42,200 Speaker 1: News twenty four hours a day on air and on 173 00:09:42,240 --> 00:09:46,240 Speaker 1: Bloomberg Quicksad, powered by more than twenty journalists and analysts 174 00:09:46,320 --> 00:09:48,959 Speaker 1: more than a hundred twenty countries. I'm Michael Barring. This 175 00:09:49,080 --> 00:09:56,760 Speaker 1: is Bloomberg Naked. Thanks Michael, five oh nine on Wall Street. 176 00:09:56,800 --> 00:09:59,360 Speaker 1: Time for the Bloomberg sports out there. Good morning, John Stash, 177 00:09:59,559 --> 00:10:01,680 Speaker 1: Morning a to The Mets have the best record the nationally. 178 00:10:01,720 --> 00:10:04,079 Speaker 1: They just split a four game series with the Dodgers, 179 00:10:04,080 --> 00:10:06,520 Speaker 1: who have the NL second best mark. Metro now in 180 00:10:06,600 --> 00:10:10,080 Speaker 1: San Diego Padres, owners of the third best record. Mets 181 00:10:10,080 --> 00:10:12,679 Speaker 1: took the series opener eleven to five, three runs of 182 00:10:12,720 --> 00:10:15,240 Speaker 1: the first SNAM four in the ninth at Wardo Escobar, 183 00:10:15,760 --> 00:10:18,079 Speaker 1: the hitting hero, four hits, including the home run he 184 00:10:18,200 --> 00:10:21,680 Speaker 1: drove in six runs. Carlos Carrasco struck out ten, improved 185 00:10:22,000 --> 00:10:24,200 Speaker 1: to seven and one. Yankees go over their Major League 186 00:10:24,280 --> 00:10:27,360 Speaker 1: leading fort Win Tonight at Minnesota, they faced x Yanks, 187 00:10:27,400 --> 00:10:30,319 Speaker 1: Gary Sanchez and Geo or Shella. Rangers now have two 188 00:10:30,360 --> 00:10:32,760 Speaker 1: games to one. Have game four at Tampa Bay tonight. 189 00:10:32,800 --> 00:10:35,560 Speaker 1: We know who the winner of the series will play 190 00:10:35,679 --> 00:10:37,800 Speaker 1: for the Stanley Cup. Back from the car, let's go 191 00:10:37,880 --> 00:10:43,319 Speaker 1: tep talking great, it's start touring looking at and it 192 00:10:43,480 --> 00:10:46,600 Speaker 1: don't have to go home, but your can't stay here 193 00:10:47,000 --> 00:10:52,480 Speaker 1: because this party is almost k K s and Denver 194 00:10:52,679 --> 00:10:55,840 Speaker 1: the call. He adds six five overtime win at Edmonton 195 00:10:55,880 --> 00:10:58,520 Speaker 1: and captain four games swing. First time Colorado as reaching 196 00:10:58,520 --> 00:11:00,320 Speaker 1: the Stanley Cup finals since two thousand one of the 197 00:11:00,360 --> 00:11:03,280 Speaker 1: Bruins fired their coach, Bruce Cassidy. He got into the 198 00:11:03,280 --> 00:11:06,440 Speaker 1: playoffs sixth Greight years Phil Mickelson's first comments and four 199 00:11:06,520 --> 00:11:09,080 Speaker 1: months he hasn't been playing golf. He says he needed 200 00:11:09,080 --> 00:11:11,600 Speaker 1: time offer. Michelson made official that he is going to 201 00:11:11,640 --> 00:11:14,480 Speaker 1: play the new Saudi Back Live Tour that starts next 202 00:11:14,480 --> 00:11:17,640 Speaker 1: month in London. Michelson's that he's hopefully can Steel also 203 00:11:17,679 --> 00:11:20,520 Speaker 1: play PG eight tour events. He told Sports Illustrated his 204 00:11:20,600 --> 00:11:24,360 Speaker 1: gambling has been reckless and embarrassing, and that he's been 205 00:11:24,400 --> 00:11:26,240 Speaker 1: in therapy to try and deal with it, it was reported, 206 00:11:26,280 --> 00:11:29,280 Speaker 1: and he once had forty million and gambling wantses. Greg Norman, 207 00:11:29,360 --> 00:11:31,640 Speaker 1: runs the Live Tour, says he Tiger Woods was offered 208 00:11:31,679 --> 00:11:33,520 Speaker 1: a nine figure amount to play, but he said no. 209 00:11:34,040 --> 00:11:36,839 Speaker 1: John stash Award bloom Brook Sports. Okay, John, thanks, you 210 00:11:36,880 --> 00:11:39,600 Speaker 1: gotta sp Futures moving lower down by seventeen point Staff 211 00:11:39,640 --> 00:11:42,320 Speaker 1: futures down a hundred thirty seven, Nastack futures down sixty 212 00:11:42,360 --> 00:11:44,880 Speaker 1: nine points ten. Your treasury is up seven thirty seconds 213 00:11:44,920 --> 00:11:47,079 Speaker 1: with the old three point zero one percent held on 214 00:11:47,160 --> 00:11:50,360 Speaker 1: the two year two point seven one the pound trading 215 00:11:50,400 --> 00:11:53,240 Speaker 1: at one point to four nine eight against the dollar 216 00:11:53,280 --> 00:11:57,200 Speaker 1: after Boris Johnson survives a confidence vote in the UK 217 00:11:57,320 --> 00:12:01,320 Speaker 1: Parliament but just barely look at what snack for the 218 00:12:01,360 --> 00:12:04,240 Speaker 1: future of Boris Johnson with Lizzie Burden of Bloomberg News 219 00:12:04,240 --> 00:12:09,640 Speaker 1: coming up next Bloomberg eleven three oh weather partly the 220 00:12:09,679 --> 00:12:11,520 Speaker 1: mostly sunny today with highs in the up for seventies. 221 00:12:11,559 --> 00:12:13,719 Speaker 1: Showers and storms likely tomorrow with the high near eight 222 00:12:13,880 --> 00:12:16,360 Speaker 1: though storms will end during the morning Thursday, with the 223 00:12:16,440 --> 00:12:19,040 Speaker 1: high near eighty degrees once again currently sixty four in 224 00:12:19,120 --> 00:12:25,120 Speaker 1: Central Park. Markets, Headlines and breaking news twenty four hours 225 00:12:25,120 --> 00:12:28,079 Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at 226 00:12:28,200 --> 00:12:37,760 Speaker 1: and at Bloomberg Quicktake. He's a Bloomberg Business Flash and 227 00:12:37,800 --> 00:12:40,760 Speaker 1: I'm Cameron Moscow. European stocks are falling with u S 228 00:12:40,800 --> 00:12:43,880 Speaker 1: stock index futures as central banks set on tightening policy, 229 00:12:43,920 --> 00:12:47,400 Speaker 1: fan growth fears, the dollars advancing, bon yields stabilizing. We 230 00:12:47,559 --> 00:12:49,920 Speaker 1: checked the markets every fifteen minutes throughout the trading day 231 00:12:50,040 --> 00:12:53,400 Speaker 1: on Bloomberg SMP future is down about eighteen points down. 232 00:12:53,440 --> 00:12:56,600 Speaker 1: Futures down a hundred thirty four nasday, futures down seventy 233 00:12:56,880 --> 00:12:59,400 Speaker 1: the decks in Germany's down nine tenths of upper sent 234 00:12:59,720 --> 00:13:02,480 Speaker 1: Can your treasury of eight thirty seconds yield three percent? 235 00:13:02,520 --> 00:13:04,520 Speaker 1: They yield on a two year two point seven one 236 00:13:04,600 --> 00:13:07,600 Speaker 1: percent nine max Screwed oil is falling down six tenths 237 00:13:07,640 --> 00:13:09,840 Speaker 1: per cent, or sixty nine cents at a hundred seventeen 238 00:13:10,200 --> 00:13:12,760 Speaker 1: eighty six cents in barrel comics called the third of 239 00:13:12,800 --> 00:13:15,040 Speaker 1: a per cent or six dollars twenty cents at eighteen 240 00:13:15,080 --> 00:13:17,920 Speaker 1: forty nine ninety an ounce. The euro one point six 241 00:13:17,920 --> 00:13:20,000 Speaker 1: eight five against the dollar. British found one point to 242 00:13:20,160 --> 00:13:22,360 Speaker 1: five Oh shoo the yet is at one thirty two 243 00:13:22,400 --> 00:13:27,000 Speaker 1: point six four and bitcoin this morning it's down almost 244 00:13:27,000 --> 00:13:30,480 Speaker 1: six percent to twenty nine thousand, six hundred dollars as 245 00:13:30,480 --> 00:13:33,160 Speaker 1: of Bloomberg Business Flash. Now Here's Michael Barrow with more 246 00:13:33,200 --> 00:13:35,760 Speaker 1: on what's going on around the world. Munchael, Good morning, 247 00:13:35,840 --> 00:13:40,120 Speaker 1: Good morning, Karin. South Korea and US military's FLEW twenty 248 00:13:40,120 --> 00:13:43,600 Speaker 1: fighter jet Silver waters off South Korea's western coast today 249 00:13:43,880 --> 00:13:46,440 Speaker 1: and the show of force as a senior US official 250 00:13:46,480 --> 00:13:50,240 Speaker 1: warned of a forceful response of North Korea goes ahead 251 00:13:50,280 --> 00:13:54,920 Speaker 1: with its first nuclear test explosion since seventeen. Age limits 252 00:13:54,960 --> 00:13:58,400 Speaker 1: and red flag laws are being discussed in Washington. Has 253 00:13:58,440 --> 00:14:01,360 Speaker 1: a bipartisan group of senator looks for ways to curb 254 00:14:01,400 --> 00:14:05,280 Speaker 1: the outbreak of gun violence in the nation, strengthening background checks. 255 00:14:05,320 --> 00:14:08,760 Speaker 1: Also on the table NHL Playoffs, the Avalanche beat the 256 00:14:08,760 --> 00:14:12,120 Speaker 1: Oilers to advance to the Stanley Cup Final. Colorado will 257 00:14:12,120 --> 00:14:14,920 Speaker 1: face either the Rangers or the Lightning, who play game 258 00:14:15,000 --> 00:14:17,600 Speaker 1: for tonight. In baseball, they met some red Sox one 259 00:14:17,800 --> 00:14:20,240 Speaker 1: Global News twenty four hours a day on here and 260 00:14:20,440 --> 00:14:24,480 Speaker 1: on Bloomberg Quicktake, powered by more than journalists and analysts 261 00:14:24,520 --> 00:14:27,840 Speaker 1: more than twenty countries. Hi Michael Barren, This is Bloomberg. 262 00:14:27,920 --> 00:14:30,680 Speaker 1: Nathan all right, Michael, thank you. It is five nineteen 263 00:14:30,920 --> 00:14:34,360 Speaker 1: on Wall Street, live from the Bloomberg Interactive Brokers studios. 264 00:14:34,440 --> 00:14:37,240 Speaker 1: This is Bloomberg day Break. Let's get more now on 265 00:14:37,280 --> 00:14:40,720 Speaker 1: our top story this morning. Boris Johnson lives to see 266 00:14:40,760 --> 00:14:44,600 Speaker 1: another day as UK Prime Minister, but after just getting 267 00:14:44,640 --> 00:14:47,840 Speaker 1: by a confidence vote from his fellow Conservatives, the question 268 00:14:47,880 --> 00:14:51,120 Speaker 1: now is how many more days will he live to see? 269 00:14:51,120 --> 00:14:55,120 Speaker 1: Bloomberg television correspondent Lizzie Burden joins us now with more 270 00:14:55,160 --> 00:14:59,080 Speaker 1: on this. She is live from just outside the Prime 271 00:14:59,080 --> 00:15:03,080 Speaker 1: Minister's residence at Number ten Downing Street. Lizzie, good morning. 272 00:15:03,240 --> 00:15:05,160 Speaker 1: That is the big question of the day. How much 273 00:15:05,160 --> 00:15:09,040 Speaker 1: longer is this going to be Boris Johnson's residents, given 274 00:15:09,520 --> 00:15:15,720 Speaker 1: just how close the margin was among his conservatives, good morning, 275 00:15:15,720 --> 00:15:18,120 Speaker 1: they think. Yeah. I'm outside number ten down In Street, 276 00:15:18,120 --> 00:15:20,680 Speaker 1: in the cabinets, meeting in their as les seat. This 277 00:15:21,280 --> 00:15:24,360 Speaker 1: was the culmination of months of discontent over the party 278 00:15:24,400 --> 00:15:26,760 Speaker 1: gate scandal, the cost of living crisis, and it's a 279 00:15:26,880 --> 00:15:29,640 Speaker 1: year now until another vote like this can happen again. 280 00:15:29,760 --> 00:15:32,960 Speaker 1: So Johnson's teams come out guns blazing, saying he wants 281 00:15:32,960 --> 00:15:35,360 Speaker 1: to draw a line under party gate, But just look 282 00:15:35,400 --> 00:15:38,200 Speaker 1: at the history books. Remember the reason may Margaret sacking. 283 00:15:38,280 --> 00:15:42,359 Speaker 1: His predecessors lasted just six months and a day, respectively, 284 00:15:42,640 --> 00:15:45,240 Speaker 1: having won their own confidence votes. And this is actually 285 00:15:45,240 --> 00:15:49,120 Speaker 1: a larger rebellion than they based in. And there were 286 00:15:49,160 --> 00:15:52,880 Speaker 1: more rebels last night than Johnson's working majority in the 287 00:15:52,920 --> 00:15:55,960 Speaker 1: House of Commons, clearly including some who were on the 288 00:15:56,000 --> 00:15:59,360 Speaker 1: government payroll. So they may try to stall the government's 289 00:15:59,440 --> 00:16:02,480 Speaker 1: legislies that under. Johnson may try to strengthen his hand 290 00:16:02,600 --> 00:16:05,360 Speaker 1: by reshuffling his cabinet, but it's unlikely to be back 291 00:16:05,400 --> 00:16:08,080 Speaker 1: to business as usual for this government. Yeah, when you 292 00:16:08,240 --> 00:16:11,400 Speaker 1: see just how narrow that the victory was, I mean 293 00:16:11,560 --> 00:16:16,600 Speaker 1: just how divided does this leave Boris Johnson's Conservative Party 294 00:16:16,640 --> 00:16:19,640 Speaker 1: And I mean how can you rally the party together 295 00:16:20,480 --> 00:16:23,960 Speaker 1: given where things stand right now? Yeah, this is what's 296 00:16:24,000 --> 00:16:28,520 Speaker 1: most worrying for him because the rebellion was so disparate. 297 00:16:28,760 --> 00:16:32,600 Speaker 1: It was young, old, north, south, left, right. Let it remains, 298 00:16:32,960 --> 00:16:37,240 Speaker 1: it's not just one faction of the Conservative Party rebelling 299 00:16:37,520 --> 00:16:40,640 Speaker 1: to be came and that is why if they came 300 00:16:40,640 --> 00:16:43,920 Speaker 1: out of they know her in a surprise. Almost the 301 00:16:43,960 --> 00:16:47,920 Speaker 1: lists of runners and writers to replace Boris Johnson is circulating. 302 00:16:48,000 --> 00:16:51,760 Speaker 1: You've got ex Foreign tactically Jeremy Hunt's current foreign texretory 303 00:16:51,960 --> 00:16:54,880 Speaker 1: lid Trust. They're the biggest name is floating at the moment. 304 00:16:56,400 --> 00:17:00,240 Speaker 1: So with this cabinet meeting now under way, Lizzie, you 305 00:17:00,280 --> 00:17:03,240 Speaker 1: mentioned some of the potential names that could be vying 306 00:17:03,400 --> 00:17:07,280 Speaker 1: to succeed Johnson here, can we be looking potentially at 307 00:17:07,640 --> 00:17:12,879 Speaker 1: cabinet resignations following this vote? Potentially, But at the moment 308 00:17:12,920 --> 00:17:17,480 Speaker 1: the big names are declaring their loyalty for Boris Johnson. 309 00:17:17,840 --> 00:17:21,480 Speaker 1: The big risk, which would be a huge surprise, would 310 00:17:21,520 --> 00:17:24,560 Speaker 1: be a Forrest Johnson called a general election. Now it 311 00:17:24,640 --> 00:17:26,840 Speaker 1: would be a big gamble for him, but really that 312 00:17:27,000 --> 00:17:29,640 Speaker 1: all the market care about at this point. The other 313 00:17:29,680 --> 00:17:33,160 Speaker 1: thing that they're looking ahead to are the local elections 314 00:17:33,200 --> 00:17:35,639 Speaker 1: on June twenty three. You've got one in the southwest 315 00:17:35,680 --> 00:17:39,560 Speaker 1: of England, one up north in Wakefield. Those have pretty 316 00:17:39,600 --> 00:17:45,040 Speaker 1: sordid backdrops. You've got the MP in the Southwest was 317 00:17:45,280 --> 00:17:48,320 Speaker 1: found watching pornography in the House of Commons, the one 318 00:17:48,359 --> 00:17:51,400 Speaker 1: that's the North were convicted to sexual assault. And these 319 00:17:51,440 --> 00:17:56,080 Speaker 1: backdrops do not make party date look good. Those seats 320 00:17:56,080 --> 00:17:59,879 Speaker 1: the Conservatives are expected to lose that. Interestingly, it should 321 00:18:00,040 --> 00:18:03,120 Speaker 1: be less losing personally for Boris Johnson, now that he's 322 00:18:03,119 --> 00:18:05,920 Speaker 1: got the voter confidence behind him. Got about a minute 323 00:18:06,000 --> 00:18:10,160 Speaker 1: left here, Lizzie. As you know, Boris Johnson has managed 324 00:18:10,200 --> 00:18:14,960 Speaker 1: to weather scandals in the past. Uh does this one 325 00:18:15,560 --> 00:18:20,760 Speaker 1: seem different the party Gate scandal. This is why Boris 326 00:18:20,840 --> 00:18:23,919 Speaker 1: Johnson has been given the moniker, the priest Coublet, the 327 00:18:24,000 --> 00:18:28,840 Speaker 1: tsslon manch able to come out of these scandals and 328 00:18:28,920 --> 00:18:33,160 Speaker 1: crises smiling and singing them as who's going to carry on? 329 00:18:33,440 --> 00:18:35,880 Speaker 1: But this seems like a very different moment. He heard 330 00:18:35,880 --> 00:18:38,520 Speaker 1: the booze and he was walking up the steps to St. 331 00:18:38,520 --> 00:18:41,760 Speaker 1: Paul Cathedral for the Queen's Platinum Jubilee service over the weekend, 332 00:18:42,240 --> 00:18:45,680 Speaker 1: the same booze that his empties will have heard. They 333 00:18:45,680 --> 00:18:48,840 Speaker 1: will is consider their constituents full of sin its street 334 00:18:48,840 --> 00:18:51,960 Speaker 1: parties over the weekends to the jubilee and heard the 335 00:18:52,000 --> 00:18:56,160 Speaker 1: discontent among their constituents and the fact that his emp 336 00:18:56,600 --> 00:18:59,439 Speaker 1: has voted against him showed that they do not believe 337 00:18:59,520 --> 00:19:03,280 Speaker 1: he is the electoral aftet he want in t Thanks 338 00:19:03,280 --> 00:19:04,879 Speaker 1: for this, Lizzie, good to have you on with us. 339 00:19:04,960 --> 00:19:09,760 Speaker 1: This morning, Lizzie burdon Bloomberg Television, UK government correspondent, joining 340 00:19:09,840 --> 00:19:12,840 Speaker 1: us live from just outside Number ten, Downing Street, Whereas 341 00:19:12,840 --> 00:19:16,560 Speaker 1: Lizzie mentioned, the UK Prime Minister Boris Johnson is holding 342 00:19:16,600 --> 00:19:21,679 Speaker 1: a cabinet meeting after just barely surviving that confidence vote, 343 00:19:21,720 --> 00:19:26,199 Speaker 1: with two hundred eleven of his fellow Conservatives voting to 344 00:19:26,440 --> 00:19:30,560 Speaker 1: keep him in office, but a hundred forty eight voting against, 345 00:19:30,640 --> 00:19:34,480 Speaker 1: a much thinner margin than past confidence votes that led 346 00:19:34,520 --> 00:19:38,640 Speaker 1: to departures for predecessors Theresa May and even Margaret Thatcher 347 00:19:39,280 --> 00:19:42,119 Speaker 1: when you look back at UK history. Thanks again for 348 00:19:42,200 --> 00:19:45,200 Speaker 1: joining us, Lizzie this morning. SMP futures right now down 349 00:19:45,400 --> 00:19:48,840 Speaker 1: fifteen points down, futures down a hundred seventeen. Nastac features 350 00:19:48,840 --> 00:19:51,840 Speaker 1: are lower by sixty one points. The tenure treasury is 351 00:19:51,920 --> 00:19:55,159 Speaker 1: up eight thirty seconds, the yield three point zero one percent, 352 00:19:55,400 --> 00:19:57,320 Speaker 1: and the yield on the two year right now two 353 00:19:57,400 --> 00:20:01,240 Speaker 1: point seven one percent. Day with us. You're listening to 354 00:20:01,320 --> 00:20:09,560 Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today with 355 00:20:09,600 --> 00:20:12,439 Speaker 1: the high near eighty degrees, we'll see showers and storms 356 00:20:12,480 --> 00:20:15,080 Speaker 1: tomorrow with a high near eighty Those showers and storms 357 00:20:15,119 --> 00:20:18,080 Speaker 1: will end during the morning Thursday, right now sixty three 358 00:20:18,119 --> 00:20:27,959 Speaker 1: degrees in Central Park, broadcasting live from the Bloomberg Interactive 359 00:20:27,960 --> 00:20:31,840 Speaker 1: Broker Studio in New York, Bloomberg E Living Freedom to Washington, 360 00:20:31,920 --> 00:20:35,359 Speaker 1: d C, Bloomberg N one to Boston, Bloomberg one O 361 00:20:35,560 --> 00:20:39,040 Speaker 1: six one to San Francisco, Bloomberg sixty to the country, 362 00:20:39,160 --> 00:20:42,160 Speaker 1: Sirius XM Cho one nine team, and around the globe 363 00:20:42,240 --> 00:20:45,840 Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This 364 00:20:46,160 --> 00:20:54,840 Speaker 1: is Bloomberg Daybreak. It's five thirty on Wall Street. Good morning. 365 00:20:54,840 --> 00:20:57,600 Speaker 1: I'm Nathan Hagar and I'm Karin Moscow. We're just about 366 00:20:57,600 --> 00:21:00,320 Speaker 1: four hours away from the open of US trading schedule. 367 00:21:00,320 --> 00:21:01,600 Speaker 1: You have to date on the news you need to 368 00:21:01,600 --> 00:21:03,439 Speaker 1: know at this hour. We begin with the latest on 369 00:21:03,480 --> 00:21:06,640 Speaker 1: the future of Boris Johnson. The UK Prime Minister has 370 00:21:06,680 --> 00:21:09,760 Speaker 1: managed a claim to power, surviving a confidence vote last night. 371 00:21:10,040 --> 00:21:13,520 Speaker 1: I'm grateful to colleagues. I'm grateful for the support they've 372 00:21:13,520 --> 00:21:16,720 Speaker 1: given me and Boris Johnson's leadership was uncertain due to 373 00:21:16,800 --> 00:21:20,240 Speaker 1: scandals and political challenges. The so called pandemic, Party Gate 374 00:21:20,280 --> 00:21:23,560 Speaker 1: events and Downing Street anchored citizens, along with the cost 375 00:21:23,600 --> 00:21:27,000 Speaker 1: of living crisis and tax increase. After the result, Johnson 376 00:21:27,040 --> 00:21:29,000 Speaker 1: said it was time to get back to helping people 377 00:21:29,040 --> 00:21:32,680 Speaker 1: in the UK. We have a conclusion to something that's 378 00:21:32,680 --> 00:21:35,560 Speaker 1: been dragging on for far too long, and we have 379 00:21:35,600 --> 00:21:38,159 Speaker 1: the ability night to unite, to live and get on 380 00:21:38,520 --> 00:21:40,760 Speaker 1: with the people's priorities, and that is what we're gonna do. 381 00:21:40,880 --> 00:21:44,119 Speaker 1: Boris Johnson received two d votes in a confidence motion 382 00:21:44,200 --> 00:21:46,520 Speaker 1: and one hundred forty eight against him. We'll turning to 383 00:21:46,560 --> 00:21:49,240 Speaker 1: the war in Ukraine, Karen. Russia has banned dozens of 384 00:21:49,359 --> 00:21:52,320 Speaker 1: US officials from entering the country, while Ukraine is looking 385 00:21:52,359 --> 00:21:55,159 Speaker 1: for ways to restart grain exports from ports that have 386 00:21:55,200 --> 00:21:58,800 Speaker 1: been blocked by Russia's military. Treasury Secretary Janet Yelling and 387 00:21:58,920 --> 00:22:02,000 Speaker 1: Black Rock CEO Larry Fink are among those now banned 388 00:22:02,040 --> 00:22:04,960 Speaker 1: from Russia. Back in the US, Nathan, we're watching primary 389 00:22:05,080 --> 00:22:08,240 Speaker 1: races in New Jersey and California. Crime is in focus 390 00:22:08,320 --> 00:22:10,600 Speaker 1: and the Los Angeles mayoral race as well as San 391 00:22:10,640 --> 00:22:14,040 Speaker 1: Francisco's District attorney recall election, and there are some tight 392 00:22:14,160 --> 00:22:17,560 Speaker 1: house races in New Jersey. There were also primaries tonight 393 00:22:17,600 --> 00:22:20,959 Speaker 1: in five other states. Now the market's Karen. European stocks 394 00:22:21,000 --> 00:22:24,040 Speaker 1: fell with US futures a tiny policy fans growth fears. 395 00:22:24,240 --> 00:22:27,200 Speaker 1: The European Central Bank is set to curb asset purchases 396 00:22:27,240 --> 00:22:30,639 Speaker 1: this week and moved toward exiting years of negative interest rates. Meanwhile, 397 00:22:30,680 --> 00:22:33,600 Speaker 1: in Asia, stocks were mixed as investors assess the impact 398 00:22:33,600 --> 00:22:36,320 Speaker 1: of a jump in treasury yields and incorporate news. Nathan 399 00:22:36,400 --> 00:22:39,680 Speaker 1: deal or no deal, it looks like Elon Musk buyer's 400 00:22:39,800 --> 00:22:42,800 Speaker 1: remorse will not get him out of his acquisition of Twitter. 401 00:22:43,080 --> 00:22:45,480 Speaker 1: We get the latest live from Bloomberg's Rea need a young, 402 00:22:45,520 --> 00:22:48,040 Speaker 1: We need a good morning, Good morning, Karen. Elon Musk 403 00:22:48,119 --> 00:22:51,880 Speaker 1: is reviving his argument that Twitter has a serious bot problem, 404 00:22:52,240 --> 00:22:54,479 Speaker 1: and he's threatening to walk away from the deal if 405 00:22:54,480 --> 00:22:57,200 Speaker 1: the social media giant does not do more to prove 406 00:22:57,240 --> 00:23:00,720 Speaker 1: that its users are real people. But Bloomberg sources say 407 00:23:00,800 --> 00:23:04,520 Speaker 1: behind the scenes, the deal is proceeding, and it's possible 408 00:23:04,560 --> 00:23:07,359 Speaker 1: that Twitter could try to sue Musk to complete the 409 00:23:07,400 --> 00:23:10,880 Speaker 1: deal if he tries to walk away. Live in New York, 410 00:23:10,920 --> 00:23:13,119 Speaker 1: I'm rened a young Bloomberg Day break. All right, we 411 00:23:13,200 --> 00:23:15,480 Speaker 1: need to thank you, SMP. Future is down twelve points 412 00:23:15,480 --> 00:23:18,160 Speaker 1: this morning. Down. Future is down naughty five nowsday. Future 413 00:23:18,200 --> 00:23:20,320 Speaker 1: is down fifty two and a ten year treasury up 414 00:23:20,320 --> 00:23:23,639 Speaker 1: seven thirty seconds held three point one percent yield on 415 00:23:23,720 --> 00:23:27,439 Speaker 1: the two year two point seven one cent and straight ahead. 416 00:23:27,520 --> 00:23:31,639 Speaker 1: Your latest local headlines, plus a check of sports and 417 00:23:31,960 --> 00:23:40,879 Speaker 1: this is Bloomberg sixte on Wall Street, sixtygrees in Central 418 00:23:40,880 --> 00:23:42,919 Speaker 1: Park of crashes in the southbound Harlem River Drive at 419 00:23:42,960 --> 00:23:45,080 Speaker 1: the g w B. Michael Barr has more on what's 420 00:23:45,119 --> 00:23:46,919 Speaker 1: going on in New York and around the world. Michael, 421 00:23:47,000 --> 00:23:49,480 Speaker 1: thank you very much. Nathan. New York Governor Kathy Hocle 422 00:23:49,560 --> 00:23:53,160 Speaker 1: signed new gun reform legislation into law three weeks after 423 00:23:53,200 --> 00:23:55,159 Speaker 1: ten people were killed in the mass shooting in a 424 00:23:55,160 --> 00:24:00,200 Speaker 1: Buffalo supermarket by a self proclaimed white supremacist. The bills 425 00:24:00,200 --> 00:24:02,600 Speaker 1: will include benning anyone under the age of twenty one 426 00:24:02,600 --> 00:24:05,840 Speaker 1: from buying or possessing a semi automatic rifle, as well 427 00:24:05,880 --> 00:24:08,920 Speaker 1: as expanding current red flag laws to keep guns out 428 00:24:08,920 --> 00:24:12,120 Speaker 1: of the hands of quote dangerous people. No eighteen year 429 00:24:12,119 --> 00:24:16,440 Speaker 1: old can walk it on their birthday and walk out. 430 00:24:16,600 --> 00:24:20,960 Speaker 1: Those days are over. Those days are over. You hear 431 00:24:21,000 --> 00:24:25,560 Speaker 1: that those days are over? Governor huncle New York City 432 00:24:25,560 --> 00:24:28,439 Speaker 1: Mayor Eric Adams, who praised the state's new gun laws, 433 00:24:28,480 --> 00:24:31,880 Speaker 1: as his city has also seen a rash of gun violence, 434 00:24:31,920 --> 00:24:34,480 Speaker 1: but that police have been working to find those responsible. 435 00:24:34,840 --> 00:24:37,119 Speaker 1: But Adams says that more needs to be done to 436 00:24:37,200 --> 00:24:40,679 Speaker 1: properly prosecute the criminals who commit the crimes. If we 437 00:24:40,800 --> 00:24:43,920 Speaker 1: do the work to get it to the grand jury, 438 00:24:44,040 --> 00:24:47,240 Speaker 1: to get that indictment, to make the arrests, then the 439 00:24:47,320 --> 00:24:50,640 Speaker 1: other team must do their part the course after prosecute. 440 00:24:51,400 --> 00:24:53,920 Speaker 1: Mayor Adams says, so far they have taken about three 441 00:24:53,920 --> 00:24:57,720 Speaker 1: thousand guns off the streets. Age limits and red flag 442 00:24:57,800 --> 00:25:01,160 Speaker 1: laws are being discussed in Washington as a bipartisan group 443 00:25:01,160 --> 00:25:03,760 Speaker 1: of senators looks for ways to curb the outbreak of 444 00:25:03,800 --> 00:25:08,560 Speaker 1: gun violence in the nation. Democratic Representative Chris Murphy of Connecticut, 445 00:25:09,200 --> 00:25:11,760 Speaker 1: my goal is to reach an agreement by the end 446 00:25:11,960 --> 00:25:16,439 Speaker 1: of the week. We've got more Revulgans and Democrats sitting 447 00:25:16,480 --> 00:25:20,080 Speaker 1: together than ever before since Sandy Hook. What we're talking 448 00:25:20,119 --> 00:25:24,920 Speaker 1: about is substantial um. It will save lives, Representative Murphy says. 449 00:25:24,920 --> 00:25:29,640 Speaker 1: Strengthening background checks is also on the table. US prosecutors 450 00:25:29,680 --> 00:25:32,160 Speaker 1: have strength and charges against five members of the right 451 00:25:32,200 --> 00:25:36,440 Speaker 1: wing extremist group the Proud Boys at its discious Conspiracy 452 00:25:36,480 --> 00:25:39,400 Speaker 1: for actions they took in advance of the deadly January 453 00:25:39,560 --> 00:25:43,160 Speaker 1: sixth riot at the US Capitol. Global News twenty four 454 00:25:43,200 --> 00:25:45,760 Speaker 1: hours a day on air and on Bloomberg Quick Tank, 455 00:25:46,000 --> 00:25:49,240 Speaker 1: powered by more than journalists and analysts more than a 456 00:25:49,280 --> 00:25:53,160 Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg, Nathan, 457 00:25:53,240 --> 00:26:00,719 Speaker 1: thank you my call on Wall Street and Stan Shires 458 00:26:00,760 --> 00:26:03,040 Speaker 1: the Bloomberg Sports Update, All right, Anathan. The Mets third 459 00:26:03,080 --> 00:26:05,120 Speaker 1: strade went out West after two in l A. They 460 00:26:05,160 --> 00:26:08,640 Speaker 1: won in San Diego eleven to five as Eduardo Escobar 461 00:26:08,800 --> 00:26:10,520 Speaker 1: had four hits and when the two run home and 462 00:26:10,560 --> 00:26:14,359 Speaker 1: he had six RBIs Carlos Carrasco ten strikeouts and seventies. 463 00:26:14,359 --> 00:26:17,000 Speaker 1: He's now seven and one in the Mets at thirty 464 00:26:17,040 --> 00:26:19,800 Speaker 1: eight and nineteen have won two thirds of their game. 465 00:26:19,920 --> 00:26:23,119 Speaker 1: Yankees winners of their last sixth plate Tonight at Minnesota, 466 00:26:23,160 --> 00:26:25,800 Speaker 1: Battle of A L Division leaders Red Sox won one 467 00:26:25,840 --> 00:26:29,240 Speaker 1: nothing to move over five hundred. Michael Waka bested Noah 468 00:26:29,320 --> 00:26:31,800 Speaker 1: synder Guard. It's the Angels twelve loss in a row. 469 00:26:32,160 --> 00:26:34,840 Speaker 1: The Colorado Avalanche will play for the Stanley Cup. They 470 00:26:34,880 --> 00:26:38,400 Speaker 1: have been dominant in the West, twelve wins only two losses. 471 00:26:38,440 --> 00:26:41,240 Speaker 1: They finished a sweep of Edmonton, winning a wild game 472 00:26:41,280 --> 00:26:44,600 Speaker 1: four six five on a goal a minute nineteen into overtime. 473 00:26:44,640 --> 00:26:47,400 Speaker 1: I've scored four times in the third period. This will 474 00:26:47,440 --> 00:26:49,400 Speaker 1: be their first Cup finals since they won the Cup 475 00:26:49,440 --> 00:26:52,159 Speaker 1: in two thousand one. They'll play either the Rangers or 476 00:26:52,240 --> 00:26:55,240 Speaker 1: the Lightning Tampa Bay just one game three, cutting the 477 00:26:55,320 --> 00:26:58,040 Speaker 1: ranger of lead to two one. Yesterday, Rangers coach Gerard 478 00:26:58,119 --> 00:27:01,280 Speaker 1: Gleant looked aheads at a night Steen. You know, you've 479 00:27:01,280 --> 00:27:02,880 Speaker 1: got to get ready for one game at a time, 480 00:27:02,880 --> 00:27:05,280 Speaker 1: as I always say, and uh Okamo is a huge 481 00:27:05,280 --> 00:27:07,159 Speaker 1: game force. We gotta compete and we've got a battle. 482 00:27:07,160 --> 00:27:08,720 Speaker 1: We've got to play a little good here than we 483 00:27:08,720 --> 00:27:11,280 Speaker 1: did last game, but there was a lot of good 484 00:27:11,320 --> 00:27:14,280 Speaker 1: things and you know, keep playing a game, keep working hard, 485 00:27:14,320 --> 00:27:16,760 Speaker 1: and like I said, it's two two or three one, 486 00:27:16,800 --> 00:27:18,760 Speaker 1: so let's see where it goes. And the Rangers went 487 00:27:18,800 --> 00:27:20,560 Speaker 1: on the road in the playoffs. They're eight and one 488 00:27:20,560 --> 00:27:22,400 Speaker 1: at home, but they're just two and six away from 489 00:27:22,400 --> 00:27:25,040 Speaker 1: the Garden Super Bowl champion l a Rams have locked 490 00:27:25,119 --> 00:27:28,119 Speaker 1: up their star on defense a rework deal with Aaron Donald, 491 00:27:28,160 --> 00:27:31,199 Speaker 1: where he's now guaranteed ninety five million dollars over the 492 00:27:31,200 --> 00:27:34,160 Speaker 1: next three years. That's the most for a non quarterback. 493 00:27:34,480 --> 00:27:37,720 Speaker 1: John stash Our, Bloomberg Sports. Thank you, John. It is 494 00:27:38,119 --> 00:27:40,240 Speaker 1: thirty seven on Wall Street. Time for the Tri State 495 00:27:40,280 --> 00:27:43,639 Speaker 1: Business her part. Here's Bloomberg's head Cory. Sales begin this 496 00:27:43,680 --> 00:27:47,520 Speaker 1: week at a long installed Manhattan condo project new developers 497 00:27:47,520 --> 00:27:50,040 Speaker 1: helped to move ahead after a name change. The West 498 00:27:50,200 --> 00:27:53,639 Speaker 1: Chelsea project is being rebranded as One high Line, a 499 00:27:53,720 --> 00:27:56,119 Speaker 1: nod to the park that crosses over the site. A 500 00:27:56,200 --> 00:27:58,399 Speaker 1: hotel near the heart of Times Square is set to 501 00:27:58,440 --> 00:28:01,760 Speaker 1: reopen after closing two years ago, the latest sign that 502 00:28:01,840 --> 00:28:06,080 Speaker 1: inventors are betting on the neighborhood's comeback. Sources tell Dow Jones, 503 00:28:06,080 --> 00:28:09,720 Speaker 1: Apollo Global, and New Bond Holdings have agreed to buy 504 00:28:09,720 --> 00:28:13,000 Speaker 1: the Hilton Times Square for about eighty five million dollars. 505 00:28:13,520 --> 00:28:16,640 Speaker 1: New York employers statewide would have to provide a pay 506 00:28:16,760 --> 00:28:20,160 Speaker 1: range in job ads under legislation headed to Governor Kathy 507 00:28:20,240 --> 00:28:24,440 Speaker 1: Hockel's desk. The bill would impose salary disclosure requirements similar 508 00:28:24,480 --> 00:28:28,399 Speaker 1: to those recently enacted in New York City and Washington State. 509 00:28:28,760 --> 00:28:32,000 Speaker 1: That your Bloomberg Try State Business Report. I'm Ed Corey. 510 00:28:32,160 --> 00:28:34,359 Speaker 1: Thanks that it's just about five thirty eight on Wall Street. 511 00:28:34,359 --> 00:28:37,000 Speaker 1: Bloomberg Radio is on the air from San Francisco to 512 00:28:37,000 --> 00:28:39,520 Speaker 1: New York, London to Hong Kong. Let's check in with 513 00:28:39,560 --> 00:28:41,480 Speaker 1: our global news team for some of the top stories. 514 00:28:41,480 --> 00:28:44,720 Speaker 1: Here down our three hundred affiliate radio stations around the world. 515 00:28:47,800 --> 00:28:50,720 Speaker 1: I'm Steve Potas don K and X in Los Angeles. 516 00:28:50,720 --> 00:28:53,560 Speaker 1: We're talking about Fisher Price joining the rest of matel 517 00:28:53,680 --> 00:28:58,440 Speaker 1: and it's playback toy take back program to reuse toymaking materials. 518 00:28:58,960 --> 00:29:02,560 Speaker 1: Corney Donahoe on Carol Dan Dallas nursing homes are facing 519 00:29:02,640 --> 00:29:06,120 Speaker 1: closure from staffing shortage of kid Gina Serretti and for 520 00:29:06,240 --> 00:29:09,880 Speaker 1: Goosebs in San Francisco. I'm reporting that Apple unveiled a 521 00:29:09,920 --> 00:29:13,320 Speaker 1: bunch of new software features and services at its Worldwide 522 00:29:13,320 --> 00:29:17,400 Speaker 1: Developers Conference, including a buy now, Pay later feature. I'm 523 00:29:17,440 --> 00:29:20,280 Speaker 1: Carolyn headcom Blue Bag, dab dishal Medio in London. We've 524 00:29:20,320 --> 00:29:22,720 Speaker 1: been reporting on the pressure on Boys Johnson after a 525 00:29:22,800 --> 00:29:26,080 Speaker 1: hundred and forty eight of his own party's MP's voted 526 00:29:26,120 --> 00:29:28,520 Speaker 1: against him in a challenge to his leadership of the 527 00:29:28,600 --> 00:29:31,920 Speaker 1: Conservative Party. I Bede Corey on w T A M 528 00:29:32,000 --> 00:29:34,680 Speaker 1: in Cleveland. I'm reporting a developer has paid four and 529 00:29:34,720 --> 00:29:37,840 Speaker 1: a half million dollars to Bobby United Church of Prices 530 00:29:37,920 --> 00:29:41,680 Speaker 1: longtime headquarters in downtown of Cleveland, and those are some 531 00:29:41,800 --> 00:29:44,480 Speaker 1: of the stories are twenty seven hundred Bloomberg journalists and 532 00:29:44,480 --> 00:29:46,920 Speaker 1: analysts are working on this morning around the world. It's 533 00:29:47,000 --> 00:29:49,600 Speaker 1: five thirty nine on Wall Street. The following is an 534 00:29:49,760 --> 00:29:54,280 Speaker 1: editorial from Bloomberg Opinion. The West has united in opposition 535 00:29:54,360 --> 00:29:59,280 Speaker 1: to Russia's invasion of Ukraine. The developing world not so much. Instead, 536 00:29:59,400 --> 00:30:02,400 Speaker 1: many government into in Africa, Asia, and Latin America have 537 00:30:02,560 --> 00:30:06,000 Speaker 1: made a point of not taking sides. Such countries see 538 00:30:06,040 --> 00:30:08,880 Speaker 1: the war in Ukraine as a proxy fight between Moscow 539 00:30:08,960 --> 00:30:12,000 Speaker 1: and Washington, when where they have little at stake, the 540 00:30:12,160 --> 00:30:15,000 Speaker 1: US must persuade them that their interests would be better 541 00:30:15,120 --> 00:30:18,880 Speaker 1: served by aligning with the West. It can start by 542 00:30:18,960 --> 00:30:22,800 Speaker 1: offering prompt and generous support for countries struggling with war 543 00:30:22,920 --> 00:30:27,560 Speaker 1: related food and energy disruptions. It should also improve its messaging, 544 00:30:27,720 --> 00:30:30,480 Speaker 1: for example, by framing the conflict not as a campaign 545 00:30:30,560 --> 00:30:33,240 Speaker 1: to punish an autocratic Russia, but as an effort to 546 00:30:33,320 --> 00:30:37,520 Speaker 1: aid Ukraine's fight for self determination. A powerful nation started 547 00:30:37,560 --> 00:30:41,760 Speaker 1: this war by scorning sovereign borders. That's a threat all countries, 548 00:30:42,040 --> 00:30:45,960 Speaker 1: regardless of wealth, can recognize. This editorial was written by 549 00:30:45,960 --> 00:30:49,360 Speaker 1: the Bloomberg Opinion Editorial Board. I'm David Shipley. For more 550 00:30:49,400 --> 00:30:52,479 Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash Opinion 551 00:30:52,880 --> 00:30:57,320 Speaker 1: or opang on the Bloomberg terminal. This has been Bloomberg Opinion. 552 00:30:57,560 --> 00:31:00,600 Speaker 1: Listen for Bloomberg opinion editorials every week day. At this time, 553 00:31:00,720 --> 00:31:03,320 Speaker 1: terminal customers can read more at op I end go 554 00:31:04,040 --> 00:31:07,239 Speaker 1: SMP futures down fifteen points now futures are lowered by 555 00:31:07,240 --> 00:31:10,560 Speaker 1: a hundred eighteen nastack futures down sixty five points ten. 556 00:31:10,640 --> 00:31:13,200 Speaker 1: Your treasury is up six thirty seconds. The yield three 557 00:31:13,240 --> 00:31:15,280 Speaker 1: point zero one percent yield on the two year two 558 00:31:15,400 --> 00:31:23,800 Speaker 1: point seven one. This is Bloomberg Bloomberg eleven three oh weather. 559 00:31:23,840 --> 00:31:26,680 Speaker 1: Sunshine and upper seventies today, showers and storms at a 560 00:31:26,760 --> 00:31:29,680 Speaker 1: high near eighty Tomorrow. Those showers and storms will end 561 00:31:29,840 --> 00:31:32,000 Speaker 1: during the morning Thursday, with the high near eighty degrees 562 00:31:32,080 --> 00:31:38,360 Speaker 1: once again. Currently sixty three in Central Park markets, headlines 563 00:31:38,440 --> 00:31:41,400 Speaker 1: and breaking news twenty four hours a day at Bloomberg 564 00:31:41,480 --> 00:31:44,880 Speaker 1: dot Com The Bloomberg Business at end at Bloomberg quick tape. 565 00:31:45,440 --> 00:31:54,600 Speaker 1: He's a Bloomberg business flash and I'm Karen Moscow. European 566 00:31:54,680 --> 00:31:57,480 Speaker 1: stocks falling along with US stock index futures as central 567 00:31:57,520 --> 00:32:00,200 Speaker 1: bank set on tightening policy fan growth fear. So we 568 00:32:00,320 --> 00:32:02,720 Speaker 1: checked the markets every fifteen minutes throughout the trading day. 569 00:32:02,840 --> 00:32:06,360 Speaker 1: On Bloomberg SMP Future is down about nineteen points this morning, 570 00:32:06,400 --> 00:32:09,320 Speaker 1: dew Future is down a hundred thirty five Nowsday Future 571 00:32:09,360 --> 00:32:12,200 Speaker 1: is down about seventy six. The decks in Germany's down 572 00:32:12,280 --> 00:32:15,640 Speaker 1: nine tenths of uppercent ten year treasury up six thirty seconds. 573 00:32:15,720 --> 00:32:17,840 Speaker 1: He'll three point one percent, and they yield on a 574 00:32:17,880 --> 00:32:20,920 Speaker 1: two year two point seven one percent. Nine neck screwed 575 00:32:20,960 --> 00:32:23,120 Speaker 1: oils down a third percent or forty one cents, and 576 00:32:23,160 --> 00:32:25,960 Speaker 1: a hundred eighteen dollars eight cents of barrel comic schooled 577 00:32:26,000 --> 00:32:27,800 Speaker 1: up a third of upper cent or six dollars at 578 00:32:27,840 --> 00:32:31,040 Speaker 1: eighteen forty nine seventy announce. The euro one point oh 579 00:32:31,120 --> 00:32:33,480 Speaker 1: six eight five against the dollar, British found one point 580 00:32:33,560 --> 00:32:35,600 Speaker 1: to five oh six and the yen one thirty two 581 00:32:35,640 --> 00:32:38,960 Speaker 1: point six eight and Bitcoin this morning is falling down 582 00:32:38,960 --> 00:32:42,000 Speaker 1: about six percent at twenty nine thousand, five hundred sixty 583 00:32:42,040 --> 00:32:45,000 Speaker 1: dollars as of Bloomberg Business Flash. Now here's Michael Bar 584 00:32:45,160 --> 00:32:48,080 Speaker 1: with more and what's going on around the world. Michael Karen, 585 00:32:48,120 --> 00:32:51,040 Speaker 1: thank you very much, bipartisan group of Senators. As a 586 00:32:51,200 --> 00:32:54,440 Speaker 1: new nationwide gun legislation could come by the end of 587 00:32:54,480 --> 00:32:57,520 Speaker 1: the week, it would likely send her around a proposal 588 00:32:57,640 --> 00:33:02,080 Speaker 1: that includes enhanced background check. British Prime Minister Boars Johnson 589 00:33:02,160 --> 00:33:04,960 Speaker 1: survived the no confidence vote, securing enough support from his 590 00:33:05,040 --> 00:33:08,880 Speaker 1: Conservative party to remain in office. Johnson faced revelations that 591 00:33:09,000 --> 00:33:12,360 Speaker 1: he held parties that flouted the COVID nineteen restrictions. In 592 00:33:12,440 --> 00:33:15,800 Speaker 1: the NHL Playoffs, the Avalanche beat the Oilers to advance 593 00:33:15,880 --> 00:33:19,240 Speaker 1: to the Stanley Cup Final. Colorado will face the Rangers 594 00:33:19,520 --> 00:33:22,680 Speaker 1: or the Lightning who played game for tonight in baseball. 595 00:33:22,720 --> 00:33:25,640 Speaker 1: The Madson Red Sox one Global News twenty four hours 596 00:33:25,720 --> 00:33:29,200 Speaker 1: a day on air and on Bloomberg Quicktake, powered by 597 00:33:29,240 --> 00:33:31,760 Speaker 1: more than twenty seven hundred journalist and analysts and more 598 00:33:31,760 --> 00:33:35,840 Speaker 1: than one countries. Michael Barr, this is Bloomberg. Nathan alright, Michael, 599 00:33:35,840 --> 00:33:37,760 Speaker 1: thanks for coming up to five forty nine on Wall 600 00:33:37,840 --> 00:33:41,120 Speaker 1: Street Life from the Bloomberg Interactive Broker Studios. This is 601 00:33:41,280 --> 00:33:45,560 Speaker 1: Bloomberg Daybreak on what you could call a primary super Tuesday, 602 00:33:46,200 --> 00:33:49,239 Speaker 1: voters are heading to the polls in seven states, led 603 00:33:49,280 --> 00:33:53,400 Speaker 1: by New Jersey and California, making this the busiest day 604 00:33:53,480 --> 00:33:56,880 Speaker 1: of voting before everyone heads to the polls in the 605 00:33:56,920 --> 00:33:59,960 Speaker 1: general election coming up on November fifth. Bloomberg Government Congression 606 00:34:00,040 --> 00:34:03,280 Speaker 1: reporter Jack Fitzpatrick is with us now from our Bloomberg 607 00:34:04,000 --> 00:34:06,960 Speaker 1: studios in Washington, d C. Look at some of the 608 00:34:07,040 --> 00:34:09,640 Speaker 1: races to watch this morning. Jack, good to have you 609 00:34:09,719 --> 00:34:12,480 Speaker 1: with us. Let's move east to west just for fun 610 00:34:12,560 --> 00:34:15,600 Speaker 1: and start New Jersey because we've got quite a lot 611 00:34:15,640 --> 00:34:21,240 Speaker 1: of Republicans running in what had been a fairly strong 612 00:34:21,719 --> 00:34:25,000 Speaker 1: blue state in the Garden State. Yes, well, you know, 613 00:34:25,080 --> 00:34:28,640 Speaker 1: the anticipation that this is gonna be a strong year 614 00:34:28,719 --> 00:34:32,359 Speaker 1: for Republicans probably plays into that. Uh. And of course 615 00:34:32,800 --> 00:34:35,640 Speaker 1: this isn't just about running statewide. You know, New New 616 00:34:35,719 --> 00:34:40,640 Speaker 1: Jersey's got districts that are very competitive if you're looking 617 00:34:40,880 --> 00:34:46,200 Speaker 1: toward the general election. Uh. Tom Malinowski and Josh Gottheimer 618 00:34:46,320 --> 00:34:49,960 Speaker 1: are some obvious targets for Republicans. It's gonna be interesting 619 00:34:50,080 --> 00:34:55,200 Speaker 1: to see who wins the Republican primary against Gottheimer. There 620 00:34:55,280 --> 00:34:59,280 Speaker 1: may be a rematch with the investment banker Frank Pellatta 621 00:34:59,320 --> 00:35:03,040 Speaker 1: that Gottheimer had previously beat. There's another candidate, a Marine 622 00:35:03,080 --> 00:35:07,080 Speaker 1: Corps veteran Nick Dick Gregorio running Malanowski looks to have 623 00:35:07,360 --> 00:35:10,520 Speaker 1: a rematch with someoney he previously beat. But of course 624 00:35:11,280 --> 00:35:16,600 Speaker 1: two is not. It's a much more challenging atmosphere for Democrats. 625 00:35:16,840 --> 00:35:20,160 Speaker 1: And uh, yeah, if you are a Republican considering running 626 00:35:20,200 --> 00:35:22,120 Speaker 1: in a swing district, now would be the time to 627 00:35:22,160 --> 00:35:24,240 Speaker 1: do it, including in a blue state like New Jersey. 628 00:35:24,600 --> 00:35:28,319 Speaker 1: How much is redistricting playing into how Republicans feel about 629 00:35:28,320 --> 00:35:31,560 Speaker 1: their chances in New Jersey? Uh? You know that can 630 00:35:31,719 --> 00:35:35,920 Speaker 1: be challenging all over the country. There are there are 631 00:35:36,080 --> 00:35:40,680 Speaker 1: areas where in some cases the the numbers in the 632 00:35:40,760 --> 00:35:43,600 Speaker 1: partisan breakdown changes. But you can also be a challenge 633 00:35:43,760 --> 00:35:48,440 Speaker 1: for people who are representing just new uh new constituents. 634 00:35:48,920 --> 00:35:51,839 Speaker 1: UM and and if you if you need to win 635 00:35:52,000 --> 00:35:57,440 Speaker 1: over people who you haven't had a previous representation relationship with, UH, 636 00:35:57,680 --> 00:35:59,920 Speaker 1: then that that can be a challenge, even if it 637 00:36:00,040 --> 00:36:05,040 Speaker 1: doesn't entirely change uh, the the trajectory of a swing district. 638 00:36:05,120 --> 00:36:07,800 Speaker 1: You know they're in New Jersey. That's been a factor 639 00:36:07,880 --> 00:36:10,719 Speaker 1: there were uh members sort of bumping up against each other. 640 00:36:10,760 --> 00:36:13,040 Speaker 1: It's an issue in some of the California races as well, 641 00:36:13,080 --> 00:36:17,520 Speaker 1: where UH there's some members who are facing largely new districts. UM. 642 00:36:17,719 --> 00:36:21,719 Speaker 1: But really, I think the overriding factor is, especially for Republicans, 643 00:36:21,800 --> 00:36:24,680 Speaker 1: the expectation that these mid terms are going to be 644 00:36:25,520 --> 00:36:29,200 Speaker 1: a really strong showing for Republicans. Since you mentioned California, 645 00:36:29,320 --> 00:36:32,799 Speaker 1: let's go there because one race to watch in particular, 646 00:36:33,440 --> 00:36:37,439 Speaker 1: UH is a Republican who was one of the few 647 00:36:37,680 --> 00:36:41,600 Speaker 1: who voted to impeach former President Trump last year. Yes, 648 00:36:42,000 --> 00:36:46,040 Speaker 1: David Valadeo, who's a really interesting person to watch. He 649 00:36:46,600 --> 00:36:50,319 Speaker 1: lost in ten he won, He's one of the six 650 00:36:50,640 --> 00:36:54,320 Speaker 1: Republicans in the House to vote to impeach the the 651 00:36:54,520 --> 00:36:58,160 Speaker 1: then president Donald Trump. Uh. It's a little surprising there 652 00:36:58,200 --> 00:37:00,960 Speaker 1: hasn't been more pushed back from Trump on him. There 653 00:37:01,000 --> 00:37:04,800 Speaker 1: are a couple Republicans running against him. There's a self 654 00:37:04,920 --> 00:37:08,920 Speaker 1: funding cattle rancher. Uh. There's an immigrant who owns a 655 00:37:09,000 --> 00:37:15,080 Speaker 1: salon from Portugal. Uh. There there there's a push from Republicans, Yes, 656 00:37:15,200 --> 00:37:17,960 Speaker 1: but it's not something that Trump himself has been very 657 00:37:18,040 --> 00:37:20,840 Speaker 1: vocal on. Uh. And it may be even more interesting 658 00:37:20,920 --> 00:37:23,560 Speaker 1: when it gets to the general election because he represents 659 00:37:23,600 --> 00:37:27,200 Speaker 1: an area that largely went for Biden by you know, 660 00:37:27,560 --> 00:37:31,640 Speaker 1: more than a ten percentage point uh swing. Of course, 661 00:37:31,840 --> 00:37:35,400 Speaker 1: stronger year for Republicans. Yes, but this is actually one 662 00:37:35,440 --> 00:37:38,040 Speaker 1: of the few cases in which Democrats would at least 663 00:37:38,200 --> 00:37:41,400 Speaker 1: like to make an attempt to unseat a Republican in 664 00:37:41,480 --> 00:37:43,759 Speaker 1: the lesson a minute left here, Jack, But law and 665 00:37:43,880 --> 00:37:46,400 Speaker 1: order looks like it's playing as a major theme in 666 00:37:46,560 --> 00:37:50,040 Speaker 1: California in the Los Angeles mayor's race, as well as 667 00:37:50,080 --> 00:37:54,680 Speaker 1: an effort to recall the district attorney in San Francisco. Yeah, 668 00:37:55,120 --> 00:37:59,239 Speaker 1: you've got a progressive district attorney, Jasa Boden Uh in 669 00:37:59,360 --> 00:38:04,000 Speaker 1: San Francis School, San Francisco, who faces a recall election. 670 00:38:04,320 --> 00:38:07,640 Speaker 1: Part of that, you know, the the easy route to 671 00:38:07,760 --> 00:38:10,480 Speaker 1: getting a recall election in California plays into that there 672 00:38:10,480 --> 00:38:13,319 Speaker 1: hasn't been a massive amount of polling. But it does 673 00:38:13,560 --> 00:38:16,600 Speaker 1: sort of raise the specter of maybe a pushback in 674 00:38:16,800 --> 00:38:21,440 Speaker 1: recent years in local candidates who have not gone exactly 675 00:38:21,520 --> 00:38:23,759 Speaker 1: the the law and order route. You look at Eric 676 00:38:23,840 --> 00:38:26,919 Speaker 1: Adams winning in New York. Uh, It's it's a little 677 00:38:26,960 --> 00:38:30,120 Speaker 1: bit of a more challenging time for the progressive Democrats 678 00:38:30,680 --> 00:38:34,160 Speaker 1: who are looking to be more reform minded about incarceration, 679 00:38:34,680 --> 00:38:38,000 Speaker 1: even in a place like San Francisco. All right, Jack Fitzpatrick, 680 00:38:38,040 --> 00:38:41,280 Speaker 1: A Bloomberg government with a preview of the primary election 681 00:38:41,400 --> 00:38:44,640 Speaker 1: race is happening across the country. Karen, all right, Nathan, 682 00:38:44,719 --> 00:38:47,280 Speaker 1: thank you. It is five fifty three on Wall Street 683 00:38:47,520 --> 00:38:49,799 Speaker 1: and it's time now for the Bloomberg Law Report, brought 684 00:38:49,840 --> 00:38:54,040 Speaker 1: to you by American Arbitration Association. Business disputes are inevitable, 685 00:38:54,120 --> 00:38:58,040 Speaker 1: resolve faster with the American Arbitration Association, the global leader 686 00:38:58,080 --> 00:39:01,279 Speaker 1: in alternative dispute resolution for over ninety years. More at 687 00:39:01,400 --> 00:39:04,479 Speaker 1: a d r dot org. Now to a legal story 688 00:39:04,560 --> 00:39:08,040 Speaker 1: where following this morning, another weekend of gun violence has 689 00:39:08,040 --> 00:39:12,799 Speaker 1: at least nine people dead in mass shootings in Pennsylvania, Virginia, Arizona, 690 00:39:12,880 --> 00:39:16,359 Speaker 1: and South Carolina. While bypartisan group of lawmakers are looking 691 00:39:16,400 --> 00:39:19,439 Speaker 1: for solutions on gun violence. The last time Congress even 692 00:39:19,520 --> 00:39:22,320 Speaker 1: came close to passing substantial gun reform, which in the 693 00:39:22,360 --> 00:39:25,320 Speaker 1: wake of the Sandy Hook massacre in twelve so some 694 00:39:25,520 --> 00:39:28,760 Speaker 1: states like New York and California are stepping into the void. 695 00:39:29,120 --> 00:39:31,719 Speaker 1: New York's Governor Kathy Hugel signed a packet of gun 696 00:39:31,800 --> 00:39:34,680 Speaker 1: control bills into law on Monday, three weeks after the 697 00:39:34,719 --> 00:39:37,920 Speaker 1: mass shooting in a Buffalo supermarket. For more, Bloomberg student 698 00:39:37,920 --> 00:39:41,800 Speaker 1: Grasso speaks to Second Amendment expert Adam Winkler, a professor 699 00:39:41,920 --> 00:39:44,719 Speaker 1: at u c l A Law School. I was surprised 700 00:39:44,960 --> 00:39:48,480 Speaker 1: to read that in two thousand three, Vermont was the 701 00:39:48,640 --> 00:39:52,080 Speaker 1: only state that allowed residents to carry handguns in public 702 00:39:52,200 --> 00:39:55,840 Speaker 1: without a permit. Since then, legislatures in half the states 703 00:39:56,000 --> 00:40:01,560 Speaker 1: have removed permitting requirements, mostly involving and field firearms. So 704 00:40:01,920 --> 00:40:05,680 Speaker 1: is the battleground in the states. Well, the battleground over 705 00:40:06,239 --> 00:40:08,959 Speaker 1: gun reform has been in the states for the last 706 00:40:09,480 --> 00:40:12,279 Speaker 1: years or so ever. Since the federal government failed to 707 00:40:12,360 --> 00:40:15,759 Speaker 1: act after new Town gun safety reform, advocates have turned 708 00:40:15,760 --> 00:40:18,920 Speaker 1: their attention to the state to try to get legislation 709 00:40:19,040 --> 00:40:21,640 Speaker 1: to close up some of the loopholes in federal law 710 00:40:21,880 --> 00:40:24,920 Speaker 1: at the state level. So states like California and New York, 711 00:40:25,040 --> 00:40:28,319 Speaker 1: for instance, have passed legislation over the last ten years 712 00:40:28,440 --> 00:40:32,160 Speaker 1: doing things like making universal background checks the norm in 713 00:40:32,320 --> 00:40:37,120 Speaker 1: those states, restricting high capacity magazines, or restricting military style rifles. 714 00:40:37,320 --> 00:40:41,320 Speaker 1: We have seen states take up the mantle of gun reform, 715 00:40:41,560 --> 00:40:44,320 Speaker 1: and I think we're likely to see that continue. I 716 00:40:44,440 --> 00:40:48,759 Speaker 1: know that California lawmakers are pondering a set of new 717 00:40:48,800 --> 00:40:52,560 Speaker 1: pieces of gun legislation, new gun reforms that would make 718 00:40:52,600 --> 00:40:56,560 Speaker 1: it easier, for instance, to sue gunmakers when their firearms 719 00:40:56,600 --> 00:40:59,920 Speaker 1: are used to commit mass murder. The difficult thing at 720 00:41:00,000 --> 00:41:02,720 Speaker 1: the state level is that you have a large number 721 00:41:02,760 --> 00:41:06,040 Speaker 1: of states that are very strongly pro gun, and if anything, 722 00:41:06,520 --> 00:41:10,120 Speaker 1: they're likely to loosen their laws, as we've seen happen 723 00:41:10,200 --> 00:41:12,440 Speaker 1: in state after state. I want to go to the 724 00:41:12,640 --> 00:41:15,919 Speaker 1: idea of raising the age to buy a gun from 725 00:41:16,160 --> 00:41:21,120 Speaker 1: eighteen to twenty one. Republican Congressman Jim Jordan's has said 726 00:41:21,160 --> 00:41:24,640 Speaker 1: that that's unconstitutional. It's not clear that it would be 727 00:41:24,800 --> 00:41:27,680 Speaker 1: unconstitutional to raise the gun age. Of course, the Supreme 728 00:41:27,719 --> 00:41:31,080 Speaker 1: Court hasn't said anything about that. There was recently a 729 00:41:31,160 --> 00:41:33,520 Speaker 1: case out of the Ninth Circuit that did say that 730 00:41:33,719 --> 00:41:38,680 Speaker 1: California's effort to raise the gun age for purchasing various 731 00:41:38,760 --> 00:41:43,360 Speaker 1: kinds of semi automatic center fire rifles was unconstitutional, and 732 00:41:43,560 --> 00:41:47,760 Speaker 1: the Ninth Circuit judge argued that this was unconstitutional because 733 00:41:47,960 --> 00:41:51,600 Speaker 1: the founders relied on eighteen year old to be members 734 00:41:51,680 --> 00:41:54,759 Speaker 1: of the militia and so trusted them with firearms, and 735 00:41:54,800 --> 00:41:58,279 Speaker 1: nonetheless think there are good reasons to raise the gun age, 736 00:41:58,320 --> 00:42:01,120 Speaker 1: and I've argued for doing so in the past. Part 737 00:42:01,160 --> 00:42:04,200 Speaker 1: of the problem with arming people who are between the 738 00:42:04,280 --> 00:42:07,800 Speaker 1: ages of eighteen and twenty is that brain development is 739 00:42:08,200 --> 00:42:12,240 Speaker 1: not that advance when it comes to issues like understanding 740 00:42:12,680 --> 00:42:17,000 Speaker 1: long term consequences of behavior, resisting impulsive behavior, and that 741 00:42:17,120 --> 00:42:19,920 Speaker 1: part of the brain, scientists of polist isn't fully developed 742 00:42:19,960 --> 00:42:22,880 Speaker 1: until about the age of five. And that's Adam Winkler, 743 00:42:22,960 --> 00:42:25,320 Speaker 1: a professor at u c l A Law School, speaking 744 00:42:25,360 --> 00:42:28,320 Speaker 1: at the Bloomberg stun Garasso. Catch more of that interview, 745 00:42:28,400 --> 00:42:31,360 Speaker 1: plus analysis of the latest legal news, by subscribing to 746 00:42:31,360 --> 00:42:34,280 Speaker 1: the Bloomberg Law podcast or downloading the show at Bloomberg 747 00:42:34,360 --> 00:42:38,240 Speaker 1: dot com slash podcasts. Attorneys can find exceptional legal research 748 00:42:38,280 --> 00:42:41,320 Speaker 1: and business development tools at Bloomberg Law dot com and 749 00:42:41,360 --> 00:42:45,080 Speaker 1: on the Bloomberg terminal at b Law Go and Bloomberg 750 00:42:45,120 --> 00:42:47,440 Speaker 1: Day Break continues. This is Bloomberg