Speaker 1: Live from the Bloomberg Interactive Brookers Studios. This is Bloomberg
Speaker 1: day Break for Tuesday, June seven two. Coming up the shower.
Speaker 1: Boris Johnson survives as UK Prime Minister, but the question
Speaker 1: is for how long Russia bands Dozens, including Janet Yellen
Speaker 1: and Black Rock CEO Larry fing Kee primaries today in
Speaker 1: seven states, including California and New Jersey, and looks like
Speaker 1: Buyer's remorse won't get Elon Musk out of his Twitter acquisition.
Speaker 1: New York Mayor Eric Adams reacts to new gun laws
Speaker 1: across the state. Plus the U S warrens North Korea
Speaker 1: of a strong punishment and conducts a nuclear tests on
Speaker 1: Michael bar More ahead of John Stas Stoward Sports. The
Speaker 1: next one in San Diego, Colorado was raised this Dailey
Speaker 1: Cup on All the Rangers played Game four at Tampa
Speaker 1: Bay tonight. That's All's training ahead on Bloomberg Daybreak on
Speaker 1: Bloomberg eleven, Free on New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Syrius Exam one nine Team, and around the world on
Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business Shop
Speaker 1: and good morning. I'm through at Moscow. I'm Nathan Hagar.
Speaker 1: Bloomberg Daybreak is brought to you by Informattica in the Cloud.
Speaker 1: Your data has the power to view the extraordinary managed
Speaker 1: data across any location in the cloud for accurate and
Speaker 1: actionable insights. More at informattica dot com. A US futures
Speaker 1: are lower this morning five oh one on Wall Street.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg Right now. S and P futures down
Speaker 1: twelve points down, futures down a hundred four, NASDAG futures
Speaker 1: down forty eight and the tenure Treasury up six thirty seconds.
Speaker 1: You have three point one percent, Nathan, Karen. We'll have
Speaker 1: more on the markets in just a minute. First, you
Speaker 1: want to get you the latest on the future of
Speaker 1: Boris Johnson. The UK Prime Minister has managed to cling
Speaker 1: to power. Let's go live to London and get the
Speaker 1: very latest from Bloomberg's You and Pott's Good morning. Good morning,
Speaker 1: Nathan and Karen win for Boris Johnson in a vote
Speaker 1: among lawmakers in his own conservative policy. The UK Prominissa
Speaker 1: has secure all the numbers to remain as leader, but
Speaker 1: more than forty percent of his colleagues indicated they had
Speaker 1: no confidence in his leadership. That was the worst result
Speaker 1: than that suffered by his predecessor, Theresa May. Under official
Speaker 1: party rules, he cannot now be challenged again for another
Speaker 1: twelve months, but rules can be changed, and many expect
Speaker 1: leadion for questions to continue in London. I'm your parts
Speaker 1: being big day, break right you and thank you now
Speaker 1: the latest on the war. Russia has banned dozens of
Speaker 1: US officials from entering the country. We get details from
Speaker 1: Bloomberg's Amy Morris in our newsroom in Washington. Treasury Secretary
Speaker 1: Janet Yellett and Black Rocks Larry Fink are among the
Speaker 1: sixty one US officials and executives indefinitely banned by Russia
Speaker 1: retaliation for what it called constantly expanding sanctions against its citizens.
Speaker 1: This says, Ukraine is in talks with the United Nations
Speaker 1: to craft a deal between Turkey and Moscow to restart
Speaker 1: shipments of grain from ports blocked by Russia. Meanwhile, shortly
Speaker 1: after the UK joined the US and pledging to send
Speaker 1: longer range missiles to Ukraine, Russia's president Putin threatened to
Speaker 1: strike new targets if those weapons are delivered in Washington.
Speaker 1: I'm Amy Moore as Bloomberg Daybreak. All right, Amy, thank you.
Speaker 1: Turning to US politics. It is a primary election Super Tuesday.
Speaker 1: Seven states, led by California and New Jersey, are heading
Speaker 1: to the polls for the busiest day of voting before
Speaker 1: the general election in November. Claremont mckennack College political scientist
Speaker 1: Jack Pittney has more on a major theme playing out
Speaker 1: in California, crime and homelessness. If you talk to anybody
Speaker 1: who's recently visited Los Angeles, they'll be shocked at the
Speaker 1: homeless encampments all over the city. Uh. It's a huge
Speaker 1: humanitarian problem and one that the city government has not
Speaker 1: been able to manage very effectively. Claremont McKennis Jack Pitney
Speaker 1: says it is affecting the Democratic race for Los Angeles Mayor,
Speaker 1: pitting Congressman Karen Bass against tough on crime billionaire Rick Caruso.
Speaker 1: It is also feeling the race for Attorney General in California,
Speaker 1: two Republicans and a Republican turned independent or running to
Speaker 1: unsea Democratic incumbent Rob Banta. As for congressional races. Republican
Speaker 1: David Valadeo is facing a tough primary challenge. He was
Speaker 1: one of the ten House Republicans who voted to impeach
Speaker 1: former President Donald Trump last year. Well in New Jersey
Speaker 1: Nathan Republican contenders are hoping to crack the States Blue
Speaker 1: Wall in today's primary, and Bloomberg's Michael Barr has the latest.
Speaker 1: Today's primary has a field of thirty five GOP candidates,
Speaker 1: many online with former President Trump. However, the governor's seat
Speaker 1: and the legislature are controlled by Democrats and the party
Speaker 1: holds ten of the twelve congressional seats. One race to
Speaker 1: keep an eye on his New Jersey's third district, Jim
Speaker 1: owner Ian Smith, refused in order to close his business
Speaker 1: during the pandemic, is among three Republicans running against Democrat
Speaker 1: Andy Kim. The third district is a politically divided area
Speaker 1: that voted for Trump by a narrow margin in the election.
Speaker 1: In New York, Michael Barr Bloomberg Day Brick Okay Michael
Speaker 1: Thanks in Corporate News, Deal or No Deal looks like
Speaker 1: Elon Musk's buyer's remorse will not get him out of
Speaker 1: his acquisition of Twitter. Let's get more on that line
Speaker 1: from Bloomberg's We Need a Young, We Need Good Morning.
Speaker 1: Nathan Elon. Musk is reviving his argument that Twitter has
Speaker 1: a serious bot problem, and he's threatening to walk away
Speaker 1: from the deal if the social media giant does not
Speaker 1: do more to prove that its users are real people.
Speaker 1: But Bloomberg sources say behind the scenes the deal is
Speaker 1: still proceeding. Twitter thinks it's in the best interest of
Speaker 1: all shareholders and wants the cleft to close the transaction,
Speaker 1: and it's possible that Twitter could try to sue Musk
Speaker 1: to complete the deal if he tries to walk away.
Speaker 1: Live in New York, I'm rened to Young Bloomberg day
Speaker 1: Break a right re need to thank you. Apple out
Speaker 1: with new software and services at its Worldwide Developers Conference.
Speaker 1: Fresh features include an updated iPhone lock screen, multitasking for
Speaker 1: the iPad, and a pay later service that brings Apples
Speaker 1: into the finance industry. We discussed the move with Creative
Speaker 1: Strategies President Carolina Milanessi from the event in California. I
Speaker 1: think the core of it is that is going to
Speaker 1: be so much easier for people that use Apple Pee
Speaker 1: to just use that as a default versus using the
Speaker 1: plethora of other options but you have in the market.
Speaker 1: It's about integration, is about taking away every little bit
Speaker 1: of friction that you have in the experience creative Strategies.
Speaker 1: President Carolina Milanessi expects Apple's new pay later features to
Speaker 1: be helpful for both small businesses and consumers. Turning to
Speaker 1: the economy, Karen JP Morgan Chase chief economist Bruce Cassman
Speaker 1: says there's little chance a recession is imminent. I think
Speaker 1: what we're gonna see is growth continue to be on
Speaker 1: the softer side, but growth continue to show resilience. Uh.
Speaker 1: We don't see a near term recession. Uh. We see
Speaker 1: a global economy which actually does okay in the second
Speaker 1: half of the year, with the U S slowing and
Speaker 1: the rest of the world doing somewhat better. JP Morgan
Speaker 1: Chase chief economist Bruce Cassman's comments differ from his boss,
Speaker 1: Jamie Diamond. Last week, Diamond said investors should be ready
Speaker 1: for an economic hurricane, as tighter monetary policy, inflation, and
Speaker 1: Russia's invasion of Ukraine pose ongoing risks, and futures are lower.
Speaker 1: This morning, SMP future years down seventeen points down futures
Speaker 1: down a hundred thirty two and nashdaic Future is down
Speaker 1: sixty ten year treasury up six thirties seconds, the yield
Speaker 1: three point one percent, and the yield on the two
Speaker 1: year two point seven one and straight ahead, your latest
Speaker 1: local headlines plus the check of sports and this is
Speaker 1: Bloomberg right, Thanks Karen. It's five oh seven on Wall Street.
Speaker 1: Were at sixty three degrees in Central Park. Already have
Speaker 1: an accident in southbound Major Degan at Fordham Road. Details
Speaker 1: coming up in traffic. First, Michael Barr is back with
Speaker 1: us for a look at what else is going on
Speaker 1: in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New York Governor Kathy Oakle signed new
Speaker 1: gun reform legislation into law three weeks after ten people
Speaker 1: were killed in a mass shooting at a Buffalo supermarket
Speaker 1: by a self proclaimed white supremacists. The bills will include
Speaker 1: banning anyone under the age of twenty one from buying
Speaker 1: or possessing a semi automatic rifle, as well as expanding
Speaker 1: current red flag walls to keep guns out of the
Speaker 1: hands of quote dangerous people. It just keeps hapening shots
Speaker 1: ring out. Flags come down and nothing ever changes except
Speaker 1: here in New York. During the signing and Buffalo Governor
Speaker 1: Hokel says, New York legislators made the decision to be
Speaker 1: leaders when it comes to gun reform, rather than followers
Speaker 1: waiting on Washington, Mayor Adams praised the new gun laws
Speaker 1: in the state. The New York Mayor says, though, that
Speaker 1: more needs to be done to properly prosecute the criminals
Speaker 1: who commit the crimes, Because, he says, criminals, no, they
Speaker 1: won't face proper consequences. No one takes criminal justice seriously anymore.
Speaker 1: These bad guys no longer take them seriously. They believe
Speaker 1: our criminal justice system is a laughing stock. Mayor Adams
Speaker 1: also says they have taken three thousand guns off the streets.
Speaker 1: A bipartisan group of lawmakers in Congress is trying to
Speaker 1: find common ground and pass new gun control legislation. Democratic
Speaker 1: negotiators see a deal could be completed this week. Democratic
Speaker 1: Senator Chris Murphy of Connecticut. Parents are scared, kids are
Speaker 1: scared that they need progress. They need us to show
Speaker 1: that we care about what kids are going through UM
Speaker 1: and I'm hopeful that we'll get a deal. Senator Murphy
Speaker 1: says the proposals include enhanced background checks, the US war
Speaker 1: North Korea of a strong punishment if it conducts a
Speaker 1: nuclear test. It comes, as Washington and the United Nations
Speaker 1: watchdog Agency have said signs in the KP Young Yang
Speaker 1: could soon set off its first atomic device. Since Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicksad, powered by more than twenty journalists and analysts
Speaker 1: more than a hundred twenty countries. I'm Michael Barring. This
Speaker 1: is Bloomberg Naked. Thanks Michael, five oh nine on Wall Street.
Speaker 1: Time for the Bloomberg sports out there. Good morning, John Stash,
Speaker 1: Morning a to The Mets have the best record the nationally.
Speaker 1: They just split a four game series with the Dodgers,
Speaker 1: who have the NL second best mark. Metro now in
Speaker 1: San Diego Padres, owners of the third best record. Mets
Speaker 1: took the series opener eleven to five, three runs of
Speaker 1: the first SNAM four in the ninth at Wardo Escobar,
Speaker 1: the hitting hero, four hits, including the home run he
Speaker 1: drove in six runs. Carlos Carrasco struck out ten, improved
Speaker 1: to seven and one. Yankees go over their Major League
Speaker 1: leading fort Win Tonight at Minnesota, they faced x Yanks,
Speaker 1: Gary Sanchez and Geo or Shella. Rangers now have two
Speaker 1: games to one. Have game four at Tampa Bay tonight.
Speaker 1: We know who the winner of the series will play
Speaker 1: for the Stanley Cup. Back from the car, let's go
Speaker 1: tep talking great, it's start touring looking at and it
Speaker 1: don't have to go home, but your can't stay here
Speaker 1: because this party is almost k K s and Denver
Speaker 1: the call. He adds six five overtime win at Edmonton
Speaker 1: and captain four games swing. First time Colorado as reaching
Speaker 1: the Stanley Cup finals since two thousand one of the
Speaker 1: Bruins fired their coach, Bruce Cassidy. He got into the
Speaker 1: playoffs sixth Greight years Phil Mickelson's first comments and four
Speaker 1: months he hasn't been playing golf. He says he needed
Speaker 1: time offer. Michelson made official that he is going to
Speaker 1: play the new Saudi Back Live Tour that starts next
Speaker 1: month in London. Michelson's that he's hopefully can Steel also
Speaker 1: play PG eight tour events. He told Sports Illustrated his
Speaker 1: gambling has been reckless and embarrassing, and that he's been
Speaker 1: in therapy to try and deal with it, it was reported,
Speaker 1: and he once had forty million and gambling wantses. Greg Norman,
Speaker 1: runs the Live Tour, says he Tiger Woods was offered
Speaker 1: a nine figure amount to play, but he said no.
Speaker 1: John stash Award bloom Brook Sports. Okay, John, thanks, you
Speaker 1: gotta sp Futures moving lower down by seventeen point Staff
Speaker 1: futures down a hundred thirty seven, Nastack futures down sixty
Speaker 1: nine points ten. Your treasury is up seven thirty seconds
Speaker 1: with the old three point zero one percent held on
Speaker 1: the two year two point seven one the pound trading
Speaker 1: at one point to four nine eight against the dollar
Speaker 1: after Boris Johnson survives a confidence vote in the UK
Speaker 1: Parliament but just barely look at what snack for the
Speaker 1: future of Boris Johnson with Lizzie Burden of Bloomberg News
Speaker 1: coming up next Bloomberg eleven three oh weather partly the
Speaker 1: mostly sunny today with highs in the up for seventies.
Speaker 1: Showers and storms likely tomorrow with the high near eight
Speaker 1: though storms will end during the morning Thursday, with the
Speaker 1: high near eighty degrees once again currently sixty four in
Speaker 1: Central Park. Markets, Headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com, the Bloomberg Business at
Speaker 1: and at Bloomberg Quicktake. He's a Bloomberg Business Flash and
Speaker 1: I'm Cameron Moscow. European stocks are falling with u S
Speaker 1: stock index futures as central banks set on tightening policy,
Speaker 1: fan growth fears, the dollars advancing, bon yields stabilizing. We
Speaker 1: checked the markets every fifteen minutes throughout the trading day
Speaker 1: on Bloomberg SMP future is down about eighteen points down.
Speaker 1: Futures down a hundred thirty four nasday, futures down seventy
Speaker 1: the decks in Germany's down nine tenths of upper sent
Speaker 1: Can your treasury of eight thirty seconds yield three percent?
Speaker 1: They yield on a two year two point seven one
Speaker 1: percent nine max Screwed oil is falling down six tenths
Speaker 1: per cent, or sixty nine cents at a hundred seventeen
Speaker 1: eighty six cents in barrel comics called the third of
Speaker 1: a per cent or six dollars twenty cents at eighteen
Speaker 1: forty nine ninety an ounce. The euro one point six
Speaker 1: eight five against the dollar. British found one point to
Speaker 1: five Oh shoo the yet is at one thirty two
Speaker 1: point six four and bitcoin this morning it's down almost
Speaker 1: six percent to twenty nine thousand, six hundred dollars as
Speaker 1: of Bloomberg Business Flash. Now Here's Michael Barrow with more
Speaker 1: on what's going on around the world. Munchael, Good morning,
Speaker 1: Good morning, Karin. South Korea and US military's FLEW twenty
Speaker 1: fighter jet Silver waters off South Korea's western coast today
Speaker 1: and the show of force as a senior US official
Speaker 1: warned of a forceful response of North Korea goes ahead
Speaker 1: with its first nuclear test explosion since seventeen. Age limits
Speaker 1: and red flag laws are being discussed in Washington. Has
Speaker 1: a bipartisan group of senator looks for ways to curb
Speaker 1: the outbreak of gun violence in the nation, strengthening background checks.
Speaker 1: Also on the table NHL Playoffs, the Avalanche beat the
Speaker 1: Oilers to advance to the Stanley Cup Final. Colorado will
Speaker 1: face either the Rangers or the Lightning, who play game
Speaker 1: for tonight. In baseball, they met some red Sox one
Speaker 1: Global News twenty four hours a day on here and
Speaker 1: on Bloomberg Quicktake, powered by more than journalists and analysts
Speaker 1: more than twenty countries. Hi Michael Barren, This is Bloomberg.
Speaker 1: Nathan all right, Michael, thank you. It is five nineteen
Speaker 1: on Wall Street, live from the Bloomberg Interactive Brokers studios.
Speaker 1: This is Bloomberg day Break. Let's get more now on
Speaker 1: our top story this morning. Boris Johnson lives to see
Speaker 1: another day as UK Prime Minister, but after just getting
Speaker 1: by a confidence vote from his fellow Conservatives, the question
Speaker 1: now is how many more days will he live to see?
Speaker 1: Bloomberg television correspondent Lizzie Burden joins us now with more
Speaker 1: on this. She is live from just outside the Prime
Speaker 1: Minister's residence at Number ten Downing Street. Lizzie, good morning.
Speaker 1: That is the big question of the day. How much
Speaker 1: longer is this going to be Boris Johnson's residents, given
Speaker 1: just how close the margin was among his conservatives, good morning,
Speaker 1: they think. Yeah. I'm outside number ten down In Street,
Speaker 1: in the cabinets, meeting in their as les seat. This
Speaker 1: was the culmination of months of discontent over the party
Speaker 1: gate scandal, the cost of living crisis, and it's a
Speaker 1: year now until another vote like this can happen again.
Speaker 1: So Johnson's teams come out guns blazing, saying he wants
Speaker 1: to draw a line under party gate, But just look
Speaker 1: at the history books. Remember the reason may Margaret sacking.
Speaker 1: His predecessors lasted just six months and a day, respectively,
Speaker 1: having won their own confidence votes. And this is actually
Speaker 1: a larger rebellion than they based in. And there were
Speaker 1: more rebels last night than Johnson's working majority in the
Speaker 1: House of Commons, clearly including some who were on the
Speaker 1: government payroll. So they may try to stall the government's
Speaker 1: legislies that under. Johnson may try to strengthen his hand
Speaker 1: by reshuffling his cabinet, but it's unlikely to be back
Speaker 1: to business as usual for this government. Yeah, when you
Speaker 1: see just how narrow that the victory was, I mean
Speaker 1: just how divided does this leave Boris Johnson's Conservative Party
Speaker 1: And I mean how can you rally the party together
Speaker 1: given where things stand right now? Yeah, this is what's
Speaker 1: most worrying for him because the rebellion was so disparate.
Speaker 1: It was young, old, north, south, left, right. Let it remains,
Speaker 1: it's not just one faction of the Conservative Party rebelling
Speaker 1: to be came and that is why if they came
Speaker 1: out of they know her in a surprise. Almost the
Speaker 1: lists of runners and writers to replace Boris Johnson is circulating.
Speaker 1: You've got ex Foreign tactically Jeremy Hunt's current foreign texretory
Speaker 1: lid Trust. They're the biggest name is floating at the moment.
Speaker 1: So with this cabinet meeting now under way, Lizzie, you
Speaker 1: mentioned some of the potential names that could be vying
Speaker 1: to succeed Johnson here, can we be looking potentially at
Speaker 1: cabinet resignations following this vote? Potentially, But at the moment
Speaker 1: the big names are declaring their loyalty for Boris Johnson.
Speaker 1: The big risk, which would be a huge surprise, would
Speaker 1: be a Forrest Johnson called a general election. Now it
Speaker 1: would be a big gamble for him, but really that
Speaker 1: all the market care about at this point. The other
Speaker 1: thing that they're looking ahead to are the local elections
Speaker 1: on June twenty three. You've got one in the southwest
Speaker 1: of England, one up north in Wakefield. Those have pretty
Speaker 1: sordid backdrops. You've got the MP in the Southwest was
Speaker 1: found watching pornography in the House of Commons, the one
Speaker 1: that's the North were convicted to sexual assault. And these
Speaker 1: backdrops do not make party date look good. Those seats
Speaker 1: the Conservatives are expected to lose that. Interestingly, it should
Speaker 1: be less losing personally for Boris Johnson, now that he's
Speaker 1: got the voter confidence behind him. Got about a minute
Speaker 1: left here, Lizzie. As you know, Boris Johnson has managed
Speaker 1: to weather scandals in the past. Uh does this one
Speaker 1: seem different the party Gate scandal. This is why Boris
Speaker 1: Johnson has been given the moniker, the priest Coublet, the
Speaker 1: tsslon manch able to come out of these scandals and
Speaker 1: crises smiling and singing them as who's going to carry on?
Speaker 1: But this seems like a very different moment. He heard
Speaker 1: the booze and he was walking up the steps to St.
Speaker 1: Paul Cathedral for the Queen's Platinum Jubilee service over the weekend,
Speaker 1: the same booze that his empties will have heard. They
Speaker 1: will is consider their constituents full of sin its street
Speaker 1: parties over the weekends to the jubilee and heard the
Speaker 1: discontent among their constituents and the fact that his emp
Speaker 1: has voted against him showed that they do not believe
Speaker 1: he is the electoral aftet he want in t Thanks
Speaker 1: for this, Lizzie, good to have you on with us.
Speaker 1: This morning, Lizzie burdon Bloomberg Television, UK government correspondent, joining
Speaker 1: us live from just outside Number ten, Downing Street, Whereas
Speaker 1: Lizzie mentioned, the UK Prime Minister Boris Johnson is holding
Speaker 1: a cabinet meeting after just barely surviving that confidence vote,
Speaker 1: with two hundred eleven of his fellow Conservatives voting to
Speaker 1: keep him in office, but a hundred forty eight voting against,
Speaker 1: a much thinner margin than past confidence votes that led
Speaker 1: to departures for predecessors Theresa May and even Margaret Thatcher
Speaker 1: when you look back at UK history. Thanks again for
Speaker 1: joining us, Lizzie this morning. SMP futures right now down
Speaker 1: fifteen points down, futures down a hundred seventeen. Nastac features
Speaker 1: are lower by sixty one points. The tenure treasury is
Speaker 1: up eight thirty seconds, the yield three point zero one percent,
Speaker 1: and the yield on the two year right now two
Speaker 1: point seven one percent. Day with us. You're listening to
Speaker 1: Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today with
Speaker 1: the high near eighty degrees, we'll see showers and storms
Speaker 1: tomorrow with a high near eighty Those showers and storms
Speaker 1: will end during the morning Thursday, right now sixty three
Speaker 1: degrees in Central Park, broadcasting live from the Bloomberg Interactive
Speaker 1: Broker Studio in New York, Bloomberg E Living Freedom to Washington,
Speaker 1: d C, Bloomberg N one to Boston, Bloomberg one O
Speaker 1: six one to San Francisco, Bloomberg sixty to the country,
Speaker 1: Sirius XM Cho one nine team, and around the globe
Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This
Speaker 1: is Bloomberg Daybreak. It's five thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagar and I'm Karin Moscow. We're just about
Speaker 1: four hours away from the open of US trading schedule.
Speaker 1: You have to date on the news you need to
Speaker 1: know at this hour. We begin with the latest on
Speaker 1: the future of Boris Johnson. The UK Prime Minister has
Speaker 1: managed a claim to power, surviving a confidence vote last night.
Speaker 1: I'm grateful to colleagues. I'm grateful for the support they've
Speaker 1: given me and Boris Johnson's leadership was uncertain due to
Speaker 1: scandals and political challenges. The so called pandemic, Party Gate
Speaker 1: events and Downing Street anchored citizens, along with the cost
Speaker 1: of living crisis and tax increase. After the result, Johnson
Speaker 1: said it was time to get back to helping people
Speaker 1: in the UK. We have a conclusion to something that's
Speaker 1: been dragging on for far too long, and we have
Speaker 1: the ability night to unite, to live and get on
Speaker 1: with the people's priorities, and that is what we're gonna do.
Speaker 1: Boris Johnson received two d votes in a confidence motion
Speaker 1: and one hundred forty eight against him. We'll turning to
Speaker 1: the war in Ukraine, Karen. Russia has banned dozens of
Speaker 1: US officials from entering the country, while Ukraine is looking
Speaker 1: for ways to restart grain exports from ports that have
Speaker 1: been blocked by Russia's military. Treasury Secretary Janet Yelling and
Speaker 1: Black Rock CEO Larry Fink are among those now banned
Speaker 1: from Russia. Back in the US, Nathan, we're watching primary
Speaker 1: races in New Jersey and California. Crime is in focus
Speaker 1: and the Los Angeles mayoral race as well as San
Speaker 1: Francisco's District attorney recall election, and there are some tight
Speaker 1: house races in New Jersey. There were also primaries tonight
Speaker 1: in five other states. Now the market's Karen. European stocks
Speaker 1: fell with US futures a tiny policy fans growth fears.
Speaker 1: The European Central Bank is set to curb asset purchases
Speaker 1: this week and moved toward exiting years of negative interest rates. Meanwhile,
Speaker 1: in Asia, stocks were mixed as investors assess the impact
Speaker 1: of a jump in treasury yields and incorporate news. Nathan
Speaker 1: deal or no deal, it looks like Elon Musk buyer's
Speaker 1: remorse will not get him out of his acquisition of Twitter.
Speaker 1: We get the latest live from Bloomberg's Rea need a young,
Speaker 1: We need a good morning, Good morning, Karen. Elon Musk
Speaker 1: is reviving his argument that Twitter has a serious bot problem,
Speaker 1: and he's threatening to walk away from the deal if
Speaker 1: the social media giant does not do more to prove
Speaker 1: that its users are real people. But Bloomberg sources say
Speaker 1: behind the scenes, the deal is proceeding, and it's possible
Speaker 1: that Twitter could try to sue Musk to complete the
Speaker 1: deal if he tries to walk away. Live in New York,
Speaker 1: I'm rened a young Bloomberg Day break. All right, we
Speaker 1: need to thank you, SMP. Future is down twelve points
Speaker 1: this morning. Down. Future is down naughty five nowsday. Future
Speaker 1: is down fifty two and a ten year treasury up
Speaker 1: seven thirty seconds held three point one percent yield on
Speaker 1: the two year two point seven one cent and straight ahead.
Speaker 1: Your latest local headlines, plus a check of sports and
Speaker 1: this is Bloomberg sixte on Wall Street, sixtygrees in Central
Speaker 1: Park of crashes in the southbound Harlem River Drive at
Speaker 1: the g w B. Michael Barr has more on what's
Speaker 1: going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan. New York Governor Kathy Hocle
Speaker 1: signed new gun reform legislation into law three weeks after
Speaker 1: ten people were killed in the mass shooting in a
Speaker 1: Buffalo supermarket by a self proclaimed white supremacist. The bills
Speaker 1: will include benning anyone under the age of twenty one
Speaker 1: from buying or possessing a semi automatic rifle, as well
Speaker 1: as expanding current red flag laws to keep guns out
Speaker 1: of the hands of quote dangerous people. No eighteen year
Speaker 1: old can walk it on their birthday and walk out.
Speaker 1: Those days are over. Those days are over. You hear
Speaker 1: that those days are over? Governor huncle New York City
Speaker 1: Mayor Eric Adams, who praised the state's new gun laws,
Speaker 1: as his city has also seen a rash of gun violence,
Speaker 1: but that police have been working to find those responsible.
Speaker 1: But Adams says that more needs to be done to
Speaker 1: properly prosecute the criminals who commit the crimes. If we
Speaker 1: do the work to get it to the grand jury,
Speaker 1: to get that indictment, to make the arrests, then the
Speaker 1: other team must do their part the course after prosecute.
Speaker 1: Mayor Adams says, so far they have taken about three
Speaker 1: thousand guns off the streets. Age limits and red flag
Speaker 1: laws are being discussed in Washington as a bipartisan group
Speaker 1: of senators looks for ways to curb the outbreak of
Speaker 1: gun violence in the nation. Democratic Representative Chris Murphy of Connecticut,
Speaker 1: my goal is to reach an agreement by the end
Speaker 1: of the week. We've got more Revulgans and Democrats sitting
Speaker 1: together than ever before since Sandy Hook. What we're talking
Speaker 1: about is substantial um. It will save lives, Representative Murphy says.
Speaker 1: Strengthening background checks is also on the table. US prosecutors
Speaker 1: have strength and charges against five members of the right
Speaker 1: wing extremist group the Proud Boys at its discious Conspiracy
Speaker 1: for actions they took in advance of the deadly January
Speaker 1: sixth riot at the US Capitol. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Tank,
Speaker 1: powered by more than journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg, Nathan,
Speaker 1: thank you my call on Wall Street and Stan Shires
Speaker 1: the Bloomberg Sports Update, All right, Anathan. The Mets third
Speaker 1: strade went out West after two in l A. They
Speaker 1: won in San Diego eleven to five as Eduardo Escobar
Speaker 1: had four hits and when the two run home and
Speaker 1: he had six RBIs Carlos Carrasco ten strikeouts and seventies.
Speaker 1: He's now seven and one in the Mets at thirty
Speaker 1: eight and nineteen have won two thirds of their game.
Speaker 1: Yankees winners of their last sixth plate Tonight at Minnesota,
Speaker 1: Battle of A L Division leaders Red Sox won one
Speaker 1: nothing to move over five hundred. Michael Waka bested Noah
Speaker 1: synder Guard. It's the Angels twelve loss in a row.
Speaker 1: The Colorado Avalanche will play for the Stanley Cup. They
Speaker 1: have been dominant in the West, twelve wins only two losses.
Speaker 1: They finished a sweep of Edmonton, winning a wild game
Speaker 1: four six five on a goal a minute nineteen into overtime.
Speaker 1: I've scored four times in the third period. This will
Speaker 1: be their first Cup finals since they won the Cup
Speaker 1: in two thousand one. They'll play either the Rangers or
Speaker 1: the Lightning Tampa Bay just one game three, cutting the
Speaker 1: ranger of lead to two one. Yesterday, Rangers coach Gerard
Speaker 1: Gleant looked aheads at a night Steen. You know, you've
Speaker 1: got to get ready for one game at a time,
Speaker 1: as I always say, and uh Okamo is a huge
Speaker 1: game force. We gotta compete and we've got a battle.
Speaker 1: We've got to play a little good here than we
Speaker 1: did last game, but there was a lot of good
Speaker 1: things and you know, keep playing a game, keep working hard,
Speaker 1: and like I said, it's two two or three one,
Speaker 1: so let's see where it goes. And the Rangers went
Speaker 1: on the road in the playoffs. They're eight and one
Speaker 1: at home, but they're just two and six away from
Speaker 1: the Garden Super Bowl champion l a Rams have locked
Speaker 1: up their star on defense a rework deal with Aaron Donald,
Speaker 1: where he's now guaranteed ninety five million dollars over the
Speaker 1: next three years. That's the most for a non quarterback.
Speaker 1: John stash Our, Bloomberg Sports. Thank you, John. It is
Speaker 1: thirty seven on Wall Street. Time for the Tri State
Speaker 1: Business her part. Here's Bloomberg's head Cory. Sales begin this
Speaker 1: week at a long installed Manhattan condo project new developers
Speaker 1: helped to move ahead after a name change. The West
Speaker 1: Chelsea project is being rebranded as One high Line, a
Speaker 1: nod to the park that crosses over the site. A
Speaker 1: hotel near the heart of Times Square is set to
Speaker 1: reopen after closing two years ago, the latest sign that
Speaker 1: inventors are betting on the neighborhood's comeback. Sources tell Dow Jones,
Speaker 1: Apollo Global, and New Bond Holdings have agreed to buy
Speaker 1: the Hilton Times Square for about eighty five million dollars.
Speaker 1: New York employers statewide would have to provide a pay
Speaker 1: range in job ads under legislation headed to Governor Kathy
Speaker 1: Hockel's desk. The bill would impose salary disclosure requirements similar
Speaker 1: to those recently enacted in New York City and Washington State.
Speaker 1: That your Bloomberg Try State Business Report. I'm Ed Corey.
Speaker 1: Thanks that it's just about five thirty eight on Wall Street.
Speaker 1: Bloomberg Radio is on the air from San Francisco to
Speaker 1: New York, London to Hong Kong. Let's check in with
Speaker 1: our global news team for some of the top stories.
Speaker 1: Here down our three hundred affiliate radio stations around the world.
Speaker 1: I'm Steve Potas don K and X in Los Angeles.
Speaker 1: We're talking about Fisher Price joining the rest of matel
Speaker 1: and it's playback toy take back program to reuse toymaking materials.
Speaker 1: Corney Donahoe on Carol Dan Dallas nursing homes are facing
Speaker 1: closure from staffing shortage of kid Gina Serretti and for
Speaker 1: Goosebs in San Francisco. I'm reporting that Apple unveiled a
Speaker 1: bunch of new software features and services at its Worldwide
Speaker 1: Developers Conference, including a buy now, Pay later feature. I'm
Speaker 1: Carolyn headcom Blue Bag, dab dishal Medio in London. We've
Speaker 1: been reporting on the pressure on Boys Johnson after a
Speaker 1: hundred and forty eight of his own party's MP's voted
Speaker 1: against him in a challenge to his leadership of the
Speaker 1: Conservative Party. I Bede Corey on w T A M
Speaker 1: in Cleveland. I'm reporting a developer has paid four and
Speaker 1: a half million dollars to Bobby United Church of Prices
Speaker 1: longtime headquarters in downtown of Cleveland, and those are some
Speaker 1: of the stories are twenty seven hundred Bloomberg journalists and
Speaker 1: analysts are working on this morning around the world. It's
Speaker 1: five thirty nine on Wall Street. The following is an
Speaker 1: editorial from Bloomberg Opinion. The West has united in opposition
Speaker 1: to Russia's invasion of Ukraine. The developing world not so much. Instead,
Speaker 1: many government into in Africa, Asia, and Latin America have
Speaker 1: made a point of not taking sides. Such countries see
Speaker 1: the war in Ukraine as a proxy fight between Moscow
Speaker 1: and Washington, when where they have little at stake, the
Speaker 1: US must persuade them that their interests would be better
Speaker 1: served by aligning with the West. It can start by
Speaker 1: offering prompt and generous support for countries struggling with war
Speaker 1: related food and energy disruptions. It should also improve its messaging,
Speaker 1: for example, by framing the conflict not as a campaign
Speaker 1: to punish an autocratic Russia, but as an effort to
Speaker 1: aid Ukraine's fight for self determination. A powerful nation started
Speaker 1: this war by scorning sovereign borders. That's a threat all countries,
Speaker 1: regardless of wealth, can recognize. This editorial was written by
Speaker 1: the Bloomberg Opinion Editorial Board. I'm David Shipley. For more
Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash Opinion
Speaker 1: or opang on the Bloomberg terminal. This has been Bloomberg Opinion.
Speaker 1: Listen for Bloomberg opinion editorials every week day. At this time,
Speaker 1: terminal customers can read more at op I end go
Speaker 1: SMP futures down fifteen points now futures are lowered by
Speaker 1: a hundred eighteen nastack futures down sixty five points ten.
Speaker 1: Your treasury is up six thirty seconds. The yield three
Speaker 1: point zero one percent yield on the two year two
Speaker 1: point seven one. This is Bloomberg Bloomberg eleven three oh weather.
Speaker 1: Sunshine and upper seventies today, showers and storms at a
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Speaker 1: He's a Bloomberg business flash and I'm Karen Moscow. European
Speaker 1: stocks falling along with US stock index futures as central
Speaker 1: bank set on tightening policy fan growth fear. So we
Speaker 1: checked the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg SMP Future is down about nineteen points this morning,
Speaker 1: dew Future is down a hundred thirty five Nowsday Future
Speaker 1: is down about seventy six. The decks in Germany's down
Speaker 1: nine tenths of uppercent ten year treasury up six thirty seconds.
Speaker 1: He'll three point one percent, and they yield on a
Speaker 1: two year two point seven one percent. Nine neck screwed
Speaker 1: oils down a third percent or forty one cents, and
Speaker 1: a hundred eighteen dollars eight cents of barrel comic schooled
Speaker 1: up a third of upper cent or six dollars at
Speaker 1: eighteen forty nine seventy announce. The euro one point oh
Speaker 1: six eight five against the dollar, British found one point
Speaker 1: to five oh six and the yen one thirty two
Speaker 1: point six eight and Bitcoin this morning is falling down
Speaker 1: about six percent at twenty nine thousand, five hundred sixty
Speaker 1: dollars as of Bloomberg Business Flash. Now here's Michael Bar
Speaker 1: with more and what's going on around the world. Michael Karen,
Speaker 1: thank you very much, bipartisan group of Senators. As a
Speaker 1: new nationwide gun legislation could come by the end of
Speaker 1: the week, it would likely send her around a proposal
Speaker 1: that includes enhanced background check. British Prime Minister Boars Johnson
Speaker 1: survived the no confidence vote, securing enough support from his
Speaker 1: Conservative party to remain in office. Johnson faced revelations that
Speaker 1: he held parties that flouted the COVID nineteen restrictions. In
Speaker 1: the NHL Playoffs, the Avalanche beat the Oilers to advance
Speaker 1: to the Stanley Cup Final. Colorado will face the Rangers
Speaker 1: or the Lightning who played game for tonight in baseball.
Speaker 1: The Madson Red Sox one Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalist and analysts and more
Speaker 1: than one countries. Michael Barr, this is Bloomberg. Nathan alright, Michael,
Speaker 1: thanks for coming up to five forty nine on Wall
Speaker 1: Street Life from the Bloomberg Interactive Broker Studios. This is
Speaker 1: Bloomberg Daybreak on what you could call a primary super Tuesday,
Speaker 1: voters are heading to the polls in seven states, led
Speaker 1: by New Jersey and California, making this the busiest day
Speaker 1: of voting before everyone heads to the polls in the
Speaker 1: general election coming up on November fifth. Bloomberg Government Congression
Speaker 1: reporter Jack Fitzpatrick is with us now from our Bloomberg
Speaker 1: studios in Washington, d C. Look at some of the
Speaker 1: races to watch this morning. Jack, good to have you
Speaker 1: with us. Let's move east to west just for fun
Speaker 1: and start New Jersey because we've got quite a lot
Speaker 1: of Republicans running in what had been a fairly strong
Speaker 1: blue state in the Garden State. Yes, well, you know,
Speaker 1: the anticipation that this is gonna be a strong year
Speaker 1: for Republicans probably plays into that. Uh. And of course
Speaker 1: this isn't just about running statewide. You know, New New
Speaker 1: Jersey's got districts that are very competitive if you're looking
Speaker 1: toward the general election. Uh. Tom Malinowski and Josh Gottheimer
Speaker 1: are some obvious targets for Republicans. It's gonna be interesting
Speaker 1: to see who wins the Republican primary against Gottheimer. There
Speaker 1: may be a rematch with the investment banker Frank Pellatta
Speaker 1: that Gottheimer had previously beat. There's another candidate, a Marine
Speaker 1: Corps veteran Nick Dick Gregorio running Malanowski looks to have
Speaker 1: a rematch with someoney he previously beat. But of course
Speaker 1: two is not. It's a much more challenging atmosphere for Democrats.
Speaker 1: And uh, yeah, if you are a Republican considering running
Speaker 1: in a swing district, now would be the time to
Speaker 1: do it, including in a blue state like New Jersey.
Speaker 1: How much is redistricting playing into how Republicans feel about
Speaker 1: their chances in New Jersey? Uh? You know that can
Speaker 1: be challenging all over the country. There are there are
Speaker 1: areas where in some cases the the numbers in the
Speaker 1: partisan breakdown changes. But you can also be a challenge
Speaker 1: for people who are representing just new uh new constituents.
Speaker 1: UM and and if you if you need to win
Speaker 1: over people who you haven't had a previous representation relationship with, UH,
Speaker 1: then that that can be a challenge, even if it
Speaker 1: doesn't entirely change uh, the the trajectory of a swing district.
Speaker 1: You know they're in New Jersey. That's been a factor
Speaker 1: there were uh members sort of bumping up against each other.
Speaker 1: It's an issue in some of the California races as well,
Speaker 1: where UH there's some members who are facing largely new districts. UM.
Speaker 1: But really, I think the overriding factor is, especially for Republicans,
Speaker 1: the expectation that these mid terms are going to be
Speaker 1: a really strong showing for Republicans. Since you mentioned California,
Speaker 1: let's go there because one race to watch in particular,
Speaker 1: UH is a Republican who was one of the few
Speaker 1: who voted to impeach former President Trump last year. Yes,
Speaker 1: David Valadeo, who's a really interesting person to watch. He
Speaker 1: lost in ten he won, He's one of the six
Speaker 1: Republicans in the House to vote to impeach the the
Speaker 1: then president Donald Trump. Uh. It's a little surprising there
Speaker 1: hasn't been more pushed back from Trump on him. There
Speaker 1: are a couple Republicans running against him. There's a self
Speaker 1: funding cattle rancher. Uh. There's an immigrant who owns a
Speaker 1: salon from Portugal. Uh. There there there's a push from Republicans, Yes,
Speaker 1: but it's not something that Trump himself has been very
Speaker 1: vocal on. Uh. And it may be even more interesting
Speaker 1: when it gets to the general election because he represents
Speaker 1: an area that largely went for Biden by you know,
Speaker 1: more than a ten percentage point uh swing. Of course,
Speaker 1: stronger year for Republicans. Yes, but this is actually one
Speaker 1: of the few cases in which Democrats would at least
Speaker 1: like to make an attempt to unseat a Republican in
Speaker 1: the lesson a minute left here, Jack, But law and
Speaker 1: order looks like it's playing as a major theme in
Speaker 1: California in the Los Angeles mayor's race, as well as
Speaker 1: an effort to recall the district attorney in San Francisco. Yeah,
Speaker 1: you've got a progressive district attorney, Jasa Boden Uh in
Speaker 1: San Francis School, San Francisco, who faces a recall election.
Speaker 1: Part of that, you know, the the easy route to
Speaker 1: getting a recall election in California plays into that there
Speaker 1: hasn't been a massive amount of polling. But it does
Speaker 1: sort of raise the specter of maybe a pushback in
Speaker 1: recent years in local candidates who have not gone exactly
Speaker 1: the the law and order route. You look at Eric
Speaker 1: Adams winning in New York. Uh, It's it's a little
Speaker 1: bit of a more challenging time for the progressive Democrats
Speaker 1: who are looking to be more reform minded about incarceration,
Speaker 1: even in a place like San Francisco. All right, Jack Fitzpatrick,
Speaker 1: A Bloomberg government with a preview of the primary election
Speaker 1: race is happening across the country. Karen, all right, Nathan,
Speaker 1: thank you. It is five fifty three on Wall Street
Speaker 1: and it's time now for the Bloomberg Law Report, brought
Speaker 1: to you by American Arbitration Association. Business disputes are inevitable,
Speaker 1: resolve faster with the American Arbitration Association, the global leader
Speaker 1: in alternative dispute resolution for over ninety years. More at
Speaker 1: a d r dot org. Now to a legal story
Speaker 1: where following this morning, another weekend of gun violence has
Speaker 1: at least nine people dead in mass shootings in Pennsylvania, Virginia, Arizona,
Speaker 1: and South Carolina. While bypartisan group of lawmakers are looking
Speaker 1: for solutions on gun violence. The last time Congress even
Speaker 1: came close to passing substantial gun reform, which in the
Speaker 1: wake of the Sandy Hook massacre in twelve so some
Speaker 1: states like New York and California are stepping into the void.
Speaker 1: New York's Governor Kathy Hugel signed a packet of gun
Speaker 1: control bills into law on Monday, three weeks after the
Speaker 1: mass shooting in a Buffalo supermarket. For more, Bloomberg student
Speaker 1: Grasso speaks to Second Amendment expert Adam Winkler, a professor
Speaker 1: at u c l A Law School. I was surprised
Speaker 1: to read that in two thousand three, Vermont was the
Speaker 1: only state that allowed residents to carry handguns in public
Speaker 1: without a permit. Since then, legislatures in half the states
Speaker 1: have removed permitting requirements, mostly involving and field firearms. So
Speaker 1: is the battleground in the states. Well, the battleground over
Speaker 1: gun reform has been in the states for the last
Speaker 1: years or so ever. Since the federal government failed to
Speaker 1: act after new Town gun safety reform, advocates have turned
Speaker 1: their attention to the state to try to get legislation
Speaker 1: to close up some of the loopholes in federal law
Speaker 1: at the state level. So states like California and New York,
Speaker 1: for instance, have passed legislation over the last ten years
Speaker 1: doing things like making universal background checks the norm in
Speaker 1: those states, restricting high capacity magazines, or restricting military style rifles.
Speaker 1: We have seen states take up the mantle of gun reform,
Speaker 1: and I think we're likely to see that continue. I
Speaker 1: know that California lawmakers are pondering a set of new
Speaker 1: pieces of gun legislation, new gun reforms that would make
Speaker 1: it easier, for instance, to sue gunmakers when their firearms
Speaker 1: are used to commit mass murder. The difficult thing at
Speaker 1: the state level is that you have a large number
Speaker 1: of states that are very strongly pro gun, and if anything,
Speaker 1: they're likely to loosen their laws, as we've seen happen
Speaker 1: in state after state. I want to go to the
Speaker 1: idea of raising the age to buy a gun from
Speaker 1: eighteen to twenty one. Republican Congressman Jim Jordan's has said
Speaker 1: that that's unconstitutional. It's not clear that it would be
Speaker 1: unconstitutional to raise the gun age. Of course, the Supreme
Speaker 1: Court hasn't said anything about that. There was recently a
Speaker 1: case out of the Ninth Circuit that did say that
Speaker 1: California's effort to raise the gun age for purchasing various
Speaker 1: kinds of semi automatic center fire rifles was unconstitutional, and
Speaker 1: the Ninth Circuit judge argued that this was unconstitutional because
Speaker 1: the founders relied on eighteen year old to be members
Speaker 1: of the militia and so trusted them with firearms, and
Speaker 1: nonetheless think there are good reasons to raise the gun age,
Speaker 1: and I've argued for doing so in the past. Part
Speaker 1: of the problem with arming people who are between the
Speaker 1: ages of eighteen and twenty is that brain development is
Speaker 1: not that advance when it comes to issues like understanding
Speaker 1: long term consequences of behavior, resisting impulsive behavior, and that
Speaker 1: part of the brain, scientists of polist isn't fully developed
Speaker 1: until about the age of five. And that's Adam Winkler,
Speaker 1: a professor at u c l A Law School, speaking
Speaker 1: at the Bloomberg stun Garasso. Catch more of that interview,
Speaker 1: plus analysis of the latest legal news, by subscribing to
Speaker 1: the Bloomberg Law podcast or downloading the show at Bloomberg
Speaker 1: dot com slash podcasts. Attorneys can find exceptional legal research
Speaker 1: and business development tools at Bloomberg Law dot com and
Speaker 1: on the Bloomberg terminal at b Law Go and Bloomberg
Speaker 1: Day Break continues. This is Bloomberg