Speaker 1: Live from the Bloomberg Interactive Burger Studios is a Bloomberg
Speaker 1: day Break for a Tuesday, November twenty nine. Coming up
Speaker 1: this hour. Markets react as the turmoil in China eases,
Speaker 1: Fed officials stress more rate hikes around the way. The
Speaker 1: Biden administration asked Congress to force a rail deal despite
Speaker 1: union objections, and Elon Musk has a public spad with
Speaker 1: Twitter's top advertiser Apple. The NYPD buses a multi million
Speaker 1: dollar operation of counterfeit goods. Plus the Senate bill protecting
Speaker 1: same sex marriage is set to pass today. On Michael
Speaker 1: ware More, John Stashwar Sports, the Red Hot Devils beat
Speaker 1: the Rangers, Nets beat the Magic in its winner go
Speaker 1: home for the US today at the World Cup. That's
Speaker 1: all trading ahead on Bloomberg day Break on Bloomberg elevent Tree,
Speaker 1: on New York, Bloomberg N one, Washington, d C, Bloomberg
Speaker 1: one oh six one, Boston, Bloomberg nine sixties and Francisco
Speaker 1: Sirius XM one nineteen and around the world on Bloomberg
Speaker 1: Radio Dot Carmen via The Bloomberg Business. Good Morning, I'm
Speaker 1: Nathan Hagar and I'm Karen Moscow. When US dock index
Speaker 1: futures are on the rise this morning. We're coming up
Speaker 1: to six and one on Wall Street, and we checked
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: bloomberg S and P futures up ten boys Dow futures
Speaker 1: that will change nowsday futures of fifty five. The decks
Speaker 1: in Germany is little changed as well. The ten year
Speaker 1: treasury up eight thirty seconds you three point six four percent,
Speaker 1: and the yield on the two year four point four
Speaker 1: two per cent, Nathan Karen, We'll get back to markets
Speaker 1: in a minute, but first you want to update you
Speaker 1: on the unrest in China. Health officials have held their
Speaker 1: first briefing since protests over COVID restrictions began last week.
Speaker 1: Bloomberg's Rebecca Chung Wilkins has the latest from Hong Kong.
Speaker 1: We saw quite muted, if any activity overnight. UM we
Speaker 1: saw a very heavy police present in a lot of
Speaker 1: major Chinese cities like Beijing and Shanghai, um and in
Speaker 1: pot that disneyd to quite a reduced effort. Um the briefing,
Speaker 1: quite frankly say've are has steered away from really covertly
Speaker 1: talking about the protest but there did seem to be
Speaker 1: a somewhat sort of softening in tone from authorities, acknowledging
Speaker 1: that some of the implementation of COVID controls has been
Speaker 1: relatively strict. MERGERA Chen Wilkins reports China plans to speed
Speaker 1: up vaccinations for the elderly, but it's stopping short of
Speaker 1: enacting mandates well. Nathan Starks in Asia surge as unrest
Speaker 1: over COVID curbs ease. Hong Kong's Hang Sang Index rally
Speaker 1: more than five percent, while Starks in China game three
Speaker 1: percent to get the recount from Bloomberg's JULIETT. Sally in
Speaker 1: Singapore Good Morning, Juliet, Good Morning Nathan and Karen Shares
Speaker 1: rallied in Hong Kong and on the mainland, as some
Speaker 1: investors speculated that the protests may hasten has shift away
Speaker 1: from COVID zero policies. Traders also took hard from the
Speaker 1: lifting of China's multi year ban on share sales by builders.
Speaker 1: China's tend Your Government bondy or advanced to its highest
Speaker 1: level in a year, as support measures announced for the
Speaker 1: property sector dented hopes of further monetary policy easing, and
Speaker 1: the Japanese end rose, as did an index of emerging
Speaker 1: market currencies in Singapore. Juliette Sally Bloomberg Daybreak. Thanks Juliette.
Speaker 1: Let's take a look at US China relations now or
Speaker 1: the response to Beijing's crackdown on protests so far has
Speaker 1: been muted. Bloomberg's Ed Baxter has the story. The US
Speaker 1: has spoken very strongly in the past about human rights,
Speaker 1: and now National Security Council spokesman John Kirby says, a
Speaker 1: watchful eye here. We're watching this closely as you might
Speaker 1: expect we would, and again we continue to stand up
Speaker 1: and support the right of peaceful protests. Um and I
Speaker 1: think we're going to watch this closely and we'll see
Speaker 1: where things go. Kirby says, the Biden administration does not
Speaker 1: expect the protest to affect the supply chain or global economy.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Daybreak, all right,
Speaker 1: and thanks Meantime, President Biden and House figure Nancy Pelosi
Speaker 1: are moving to prevent a shutdown to the US freight
Speaker 1: railroad system. Sammy Morris has details from our Bloomberg newsroom
Speaker 1: made Washington. President Biden asked Congress to intervene to block
Speaker 1: a strike. VOWS is preparing to take up a bill
Speaker 1: to impose a labor settlement despite some union's objections. Belosi
Speaker 1: says they're making the move reluctantly, but they have to
Speaker 1: avoid what she calls a catastrophic nationwide strike, which could
Speaker 1: hurt the economy by crippling supply chains. A coalition of
Speaker 1: more than four hundred business groups sent a letter to
Speaker 1: congressional leaders urging them to step in. The strike deadline
Speaker 1: is December nine in Washington. I maybe more as Bloomberg
Speaker 1: Daybreak thanks Amy. Another major impact on the economy in
Speaker 1: recent months has been higher interest rates, and now FED
Speaker 1: officials are stressed in the Central Bank is not done hiking.
Speaker 1: Here's New York Fed President John Williams further tightening ente
Speaker 1: policy should help her still balance between demand and supply
Speaker 1: and bring inflation back to two percent over the next
Speaker 1: few years. It will take some time about fully confident
Speaker 1: that will return to a sustaining period of Prince will
Speaker 1: New York FED President John Williams spoke at a virtual
Speaker 1: event hosted by the Economic Club of New York. At
Speaker 1: the same time St. Louis Fed President James Bullard says
Speaker 1: financial markets are underestimating the chance of more aggressive policy
Speaker 1: next year. They're counting the first two fifty basis points
Speaker 1: as if that was a tightening of monetary policy, but
Speaker 1: really that's just getting up to the long run neutral
Speaker 1: level of the policy rate. We've only recently moved into
Speaker 1: restrictive territory, and we're going to have to move farther
Speaker 1: in order to keep inflation under control. St. Louis FED
Speaker 1: President Jim Bullard and other officials have signaled they planned
Speaker 1: to raise rates by fifty basis points next month. Well, Nathan,
Speaker 1: they're more scientists morning. The aggressive FED tightening could lead
Speaker 1: to a recession. The gauge of global bonds measuring the
Speaker 1: worldwide yield curve, has inverted for the first time in
Speaker 1: at least two decades. The inversion of the yield curve
Speaker 1: is typically seen as a prediction for a recession as
Speaker 1: investors switch money to longer term bonds due to pessimism
Speaker 1: over the short term outlook. Well, let's turn to crypto now, Karen.
Speaker 1: The fallout from f t X continues. Block five is
Speaker 1: the latest crypto firm to collapse. The digital asset lender
Speaker 1: says it will use Chapter eleven to recover everything it's
Speaker 1: owned by counterparties, including f t X, but Block five
Speaker 1: acknowledges recoveries are likely to be delayed by the bankrupt
Speaker 1: of f t X, and Elon Musk is on the
Speaker 1: spotlight again This morning. Nathan, a billionaire, is publicly attacking Apple,
Speaker 1: which is one of Twitter's top advertisers. Must said Apple
Speaker 1: has cut its Twitter advertising and threatened to block this
Speaker 1: social network from its app store. Kurt Wagner has more
Speaker 1: from our Bloomberg nine sixty newsroom in San Francisco. The
Speaker 1: app store is is probably the main way or one
Speaker 1: of the main ways that most of its users get
Speaker 1: the app get app updates. So you know, for example,
Speaker 1: I believe the app would still work on my phone,
Speaker 1: but in order to you know, get an updated version
Speaker 1: I have an iPhone, I might have to you know,
Speaker 1: figure out a way to download that from the web.
Speaker 1: It's the kind of thing that's going to erode over
Speaker 1: time and causes a lot of people to either stop
Speaker 1: using Twitter or or you know, possibly have to move
Speaker 1: to a different device. And so that's a huge issue.
Speaker 1: And one of the reasons I tweeted that I think
Speaker 1: Twitter needs Apple a lot more than Apple needs Twitter here,
Speaker 1: and that's because Apple has the distribution that it's at
Speaker 1: its fingertips. Bloomberg Technology reporter Kurt Wagner says Elon Musk
Speaker 1: is firing back at Apple, asking whether it hates free speech.
Speaker 1: Futures are higher, but giving back some of their gains.
Speaker 1: Careeness and P futures are up seven point Stout futures
Speaker 1: now little change that NASTAC futures are higher by forty
Speaker 1: five points. Straight ahead your latest local headlines plus a
Speaker 1: check of sports. You're listening to Bloomberg Daybreak six oh
Speaker 1: seven on Wall Street, thirty seven degrees in Central Park.
Speaker 1: Still got that closure westbound cross Bronx Jerome Avenue to
Speaker 1: the Deacon Michael Bars here with what else is going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much. Nathan, the nyp D made a big
Speaker 1: bus stopping at Counterfeit Goods Operation Police seized over ten
Speaker 1: million dollars in knockoff merchandise from vendors on Canal Street.
Speaker 1: During a news conference, officials set authorities had gotten several
Speaker 1: complaints in Lower Manhattan about the fake purses, sneakers, and
Speaker 1: other items being sold on the streets. M I p D.
Speaker 1: Chief of Patrol Jeffrey Madrey, spoke to ABC seven sidewalks
Speaker 1: were blocked. There was property everywhere, merchandise everywhere, and this
Speaker 1: really impacts local businesses in a negative manner. Chief Madre
Speaker 1: says seventeen people were arrested and three truckloads of counterfeit
Speaker 1: items received. Five new Haven, Connecticut police officers were charged
Speaker 1: yesterday and a June incident that left a thirty six
Speaker 1: year old man paralyzed. Prosecuted say Randy Cox was handcuffed
Speaker 1: and not wearing a seat belt when he flew head
Speaker 1: first into the back of a police transport van when
Speaker 1: the driver suddenly stopped. New Haven Mayor Justin Ellicker new
Speaker 1: Haven is committed to accountability for all individuals involved in
Speaker 1: this traffic incident. Mayor Elkers says the officers were charged
Speaker 1: with reckless endangerment and cruelty. Meanwhile, Cox's family has followed
Speaker 1: a one hundred million dollars civil suit against the officers
Speaker 1: and the city. A Senate bill protecting same sex marriage
Speaker 1: cleared another procedural hurdle last night. At amendment to the
Speaker 1: Respect from Marriage Act would ensure it does not infringe
Speaker 1: on religious rights and protections. Passage of the legislation is
Speaker 1: expected today. Former Vice President Mike Penn said Donald Trump
Speaker 1: showed poor judgment for dining last week at his Maralago
Speaker 1: resort with rapper Ya and well known white nationalist Nick Fluentis.
Speaker 1: Pence says his former boss should denounce their hateful rhetoric
Speaker 1: without qualification. President Trump was wrong, uh to give a
Speaker 1: white nationalist u um an anti semid and Holocaust Denierre
Speaker 1: a seat at the table, and I think you should apologize.
Speaker 1: Pennce spoke to News Nation 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 more than
Speaker 1: one twenty countries. I'm Michael Barr, and this is Bloomberg
Speaker 1: nither Okay, Michael, thanks six o nine on Wall Street
Speaker 1: time for the Bloomberg Sports update Frontify Try state outis
Speaker 1: John stash Our? All right, Nathan. First meeting of the
Speaker 1: season between the Devils and Rangers, who are in the
Speaker 1: NHL's Final four. Last season, Devils have not even been
Speaker 1: the playoffs since two thousand and eight. Team, but no
Speaker 1: doubt who the better team has been so far this season,
Speaker 1: Devils are nineteen and four. They've won sixteen of seventeen.
Speaker 1: They won five three at the Garden, coming back from
Speaker 1: an early to nothing deficit at Barkley's forty five point
Speaker 1: for Kevin Durambas only five shots nets Pete Orlando one
Speaker 1: O nine one O two to get to five hundred.
Speaker 1: Kyrie Irving had at twenty. VN Simmons, who has finally
Speaker 1: been starting to play like he did with Philadelphia, heard
Speaker 1: his knee. Day to day. Kembo Walker, the New York
Speaker 1: native whose homecomings with the Knicks last season did not
Speaker 1: go well, has signed with Dallas. The Man's hoping he
Speaker 1: can fill the role Jalen Brunson had with them last season.
Speaker 1: Brunson now course with the Knicks Yankee offseason goal try
Speaker 1: and get better than Houston. But the Astros, who took
Speaker 1: the Yankees out and won the World Series to sign
Speaker 1: a free agent slugger jose A. Bray, who spent nine
Speaker 1: years of the White Sox. He was the a l
Speaker 1: m v P just a couple of years ago. Monday
Speaker 1: Night Football, Pittsburgh one at Indianapolis to seventeen. The US
Speaker 1: World Cup team played well in gaining that scoreless draw
Speaker 1: with England, but in reality their situation would likely be
Speaker 1: the same as it is now had they lost that game,
Speaker 1: beat a Ran today Advans Blues or have a third
Speaker 1: strade tie and they are leaving guitar. The U S
Speaker 1: coach is Greg Burrholter. Make no mistake about it. This
Speaker 1: is a knockout game for both teams. So it's gonna
Speaker 1: be a high level intensity. Um. You know, I love
Speaker 1: what are Rands done um so far, especially the last game.
Speaker 1: A lot of commitment, Um, really good counterattacking and um,
Speaker 1: you know, we expected to be a hotly contested game
Speaker 1: and we'll be ready for game starts today two o'clock.
Speaker 1: John todash Our, bloom Bird Sports. All right, John, thank you.
Speaker 1: Right now, SMP futures are still higher, but by just
Speaker 1: six points. Staff futures have moved just a little bit
Speaker 1: lower down six points have been moving between games and
Speaker 1: losses this morning. NASDAC futures still on the rise, but
Speaker 1: not as high as they've been in the session, higher
Speaker 1: by forty points. Right now ten your treasury is up
Speaker 1: six thirty seconds. The three point six yield on the
Speaker 1: two year close to four point four three per cent.
Speaker 1: You're listening to bloom Burg Daybreak. Bloomberg Sports was brought
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Speaker 1: Quick Tape, He's a Bloomberg business flash and I'm ter
Speaker 1: at Moscow and US Dock Index futures are pointing to
Speaker 1: a moderately stronger open as speculation mounts set. Unrest in
Speaker 1: Chinese cities over COVID restrictions would force authorities to move
Speaker 1: faster and loosening the curbs. We checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg s and
Speaker 1: P futures up seven points this morning. Down futures are
Speaker 1: little change and nasday futures of forty five. The decks
Speaker 1: in Germany's up a tenth of a percent now ten,
Speaker 1: Your treasury up six thirty seconds. You have three point
Speaker 1: six five percent they yield on the two year four
Speaker 1: point four two percent. Nine x screwed oil on the rise,
Speaker 1: up about two and a half percent, up a dollar
Speaker 1: ninety nine at seventy nine dollars twenty three cents of barrel.
Speaker 1: Called meg school that three quarters of a percent, or
Speaker 1: thirteen dollars forty cents at seventeen sixty eight seventy announced.
Speaker 1: The Euro one point oh three seven two against the dollar,
Speaker 1: British pound one point too, and the yen is at
Speaker 1: one thirty eight point oh four and bitcoin this morning
Speaker 1: up one point nine percent. It's at just over sixteen thousand,
Speaker 1: five hundred dollars. That's a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Chinese University as they're
Speaker 1: sending students home. As the ruling Communist party titans anti
Speaker 1: virus controls and tries to prevent more protests, crowds angered
Speaker 1: by its severe zero COVID restrictions have called for President
Speaker 1: shi Jing Ping to resign. More in the story. In
Speaker 1: the minute, President Biden is asking Congress to intervene and
Speaker 1: block a railroad strike before next month. Deadline at the
Speaker 1: World Cup later today. The US faces Iran in the NFL,
Speaker 1: the Steelers beat the Colts in the NBA, and the Nets,
Speaker 1: Wizards and Celtics one in the NHL. The Devil's beat
Speaker 1: the Rangers. Global News twenty four hours a day on
Speaker 1: here and on Bloomberg Quick Take, powered by more than
Speaker 1: twenty seven under journalist and analysts more than dwenty countries.
Speaker 1: I'm Michael Barr. This is Bloomberg. Nathan all right, Michael.
Speaker 1: Thanks six nineteen on Wall Street Live from the Bloomberg
Speaker 1: Interactive Brokers Studios. This is Bloomberg Daybreak, and as promised,
Speaker 1: we do have more on the situation in China. Live
Speaker 1: from Hong Kong. We go to Bloomberg political correspondent Rebecca
Speaker 1: Chung Wilkins. Rebecca, good morning. The reporting from what we
Speaker 1: understand is that we've seen somewhat dampening of the protests
Speaker 1: that have been going on for days and a bit
Speaker 1: more conciliatory tone from the Chinese government. What more can
Speaker 1: you tell us about what's happening there. Yes, we saw
Speaker 1: really significant police present in many of the major Chinese
Speaker 1: cities last night, and we're expecting that again to be
Speaker 1: here President en Um so Pitty like Beijing, Shanghai Hanjo
Speaker 1: will likely have that significantly presence, so dampening and muting
Speaker 1: some of the activity that we've seen. On the other hand,
Speaker 1: we are also hearing from the health authorities this sort
Speaker 1: of conciliatory and more reasonable tone, and I think we
Speaker 1: haven't seen any sort of acknowledgement so far of the protest,
Speaker 1: but we did hear authorities saying that local government do
Speaker 1: need to treat reasonable requests around COVID in a timely manner.
Speaker 1: And it's really the closest that we've seen to some
Speaker 1: kind of attempt to recognize what so many Chinese people
Speaker 1: are deeply frustrated about. So it's a recognition. Can it
Speaker 1: be seen as a move away, at least a tentative
Speaker 1: move away from the strict COVID zero policies that sort
Speaker 1: of sparked these massive protests. Well, one big positive sign
Speaker 1: I think on that front is this push to get
Speaker 1: China's elderly population vaccinated. That although overall that and aation
Speaker 1: levels are relatively high in China, that's a real weak spot.
Speaker 1: So only about forty percent of china population over a
Speaker 1: t have had a booster vaccine for example. UM, and
Speaker 1: most experts think there's no way that China can start
Speaker 1: to reopen unless they tackle this problem. So that is
Speaker 1: providing quite a lot of optimism in the markets that
Speaker 1: you mentioned today. UM. The other thing is that we've
Speaker 1: heard this phrase repeated again and again since the protest again,
Speaker 1: and that is that China is constantly adjusting its COVID protocols.
Speaker 1: That just allows as narrative to crack the door open.
Speaker 1: Even when we start to see more concrete moves by
Speaker 1: local government again, they will be able to sort of
Speaker 1: frame it under that narrative. But it is important to
Speaker 1: remember that while central government is sort of directing the
Speaker 1: problem the sort of big line here, ultimately it's local
Speaker 1: governments that are going to have to really reinforce and
Speaker 1: decide just what risks they're willing to take, particularly for
Speaker 1: each province's health care system. Healthcare very very sort of difficult,
Speaker 1: differently administered UM, and differently with different effects of rush China.
Speaker 1: Other than the push to get more elderly population vaccinated,
Speaker 1: what other concessions are we hearing from the Chinese government, Well,
Speaker 1: those are the two big things. Is problem to promise
Speaker 1: to respond timely in a timely way to to request
Speaker 1: as well as that vaccine push. Um, there is also
Speaker 1: a movement to sort of potentially moderate and follow these
Speaker 1: twenty principles for COVID management, which authorities laid out about
Speaker 1: a couple of weeks ago, just before, just before we
Speaker 1: started these protests started to emerge. It really remains to
Speaker 1: be seen whether or not governments actually take that up. Um.
Speaker 1: Jersey and province also um, and we did. Is again
Speaker 1: just one province in China, but also saying that the
Speaker 1: most important thing there is not controlling the virus but
Speaker 1: payl think people first. Now that's quite a different message
Speaker 1: than we've heard elsewhere. Of course, all this is coming
Speaker 1: just a few weeks after Chinese President She jen Ping
Speaker 1: solidified his unprecedented third term. What kind of a risk
Speaker 1: is there are these protests putting on President She's leadership here? Yes, indeed,
Speaker 1: I mean there was immense worry back then that as
Speaker 1: She sort of moved to fill all those top positions
Speaker 1: in his party with allies, that there wouldn't be anyone
Speaker 1: to guide him or give pushed back when something went wrong.
Speaker 1: And I think there is again that concern. Now you
Speaker 1: know who are the sort of diverse voices are offering
Speaker 1: alternate points of views here. Um, it is a really
Speaker 1: critical point for his leadership, although of course no one
Speaker 1: really expects there to be any real existential threat to
Speaker 1: the party or to see at this moment, but it
Speaker 1: certainly is. The most vocal protests aren't that rare in China.
Speaker 1: They do happen, but it's very rare to see them
Speaker 1: directly criticizing Season Ping and the Chinese Communist Party in
Speaker 1: this way. And of course if this sort of speaks
Speaker 1: of this broader melaid and this broader discontent after two
Speaker 1: years not just very strict COVID controls, but wheels wort
Speaker 1: have drag on the economy that's seen at itues like
Speaker 1: some of those property policies and the property crackdown that
Speaker 1: we've seen too. Thanks as always for keeping us updated
Speaker 1: on what's happening, and I will be checking back in
Speaker 1: with you in the days to come here as well.
Speaker 1: That's Bloomberg Political correspondent Rebecca Chung Wilkins joining us live
Speaker 1: this morning from Hong Kong. As we're seeing a little
Speaker 1: bit more calm following the days of protests over strict
Speaker 1: COVID restrictions, and again a little bit more of a
Speaker 1: conciliatory tone. Some concessions we're hearing from Chinese health authorities
Speaker 1: as the unrest continues to play out. Looking ahead to
Speaker 1: the market open this morning on Wall Street, still on
Speaker 1: the green, but we'll call it light green. With SMP
Speaker 1: futures up eight points, Staff futures up six. That's a
Speaker 1: little changed. NASAC futures are higher by fifty points ten.
Speaker 1: Your treasury is moving higher by seven thirty seconds. The
Speaker 1: yield down down to three point six five on the
Speaker 1: benchmark tenure. Note the yield on the two year four
Speaker 1: point four or two. And you're listening to Bloomberg Daybreak,
Speaker 1: Bloomberg eleven three oh weather. Sunshine today, upper forties, will
Speaker 1: have rain tomorrow to breeze, milder upper fifties for highs.
Speaker 1: We'll be back in the mid forties, sunny and breezy
Speaker 1: for Thursday. Right now thirty seven in Central Park, broadcasting
Speaker 1: live from the Bloomberg Interacted Broker's studio in New York.
Speaker 1: Bloomberg e living free on to Washington, d C. Bloomberg
Speaker 1: ninety nine one to Boston, Bloomberg one oh six one
Speaker 1: to San Francisco, Bloomberg and No. Sixty to the country
Speaker 1: Sirius XM to the one nine T and around the
Speaker 1: globe the Bloomberg Business app in Bloomberg Radio dot com.
Speaker 1: This is Bloomberg day Break six thirty on Wall Street.
Speaker 1: Good morning. I'm Nathan Hagar and I'm Karen Moscow, and
Speaker 1: we're just about three hours away from the open of
Speaker 1: us training kind to the fine things that you need
Speaker 1: to notice start your day. Brought to you by Interactive
Speaker 1: Brokers i dk R. Event Trader offers a new way
Speaker 1: to trade futures. Use e vent contracts to trade your
Speaker 1: opinion on yes orday questions and KEYCME futures. Marcus learn
Speaker 1: more at event trader dot Interactive Brokers dot com. First
Speaker 1: officials in China say they're looking to speed up COVID
Speaker 1: vaccinations for senior citizens, but they're stopping short of mandates.
Speaker 1: It comes on the heels of protests to China's strict
Speaker 1: COVID policies. Craig Singleton, a senior China fellow at the
Speaker 1: Foundation for Defensive Democracies, says President she Juan Paing might
Speaker 1: not have many options for easing restrictions. I suspects going forward.
Speaker 1: The big problem that's going to be that the CCP
Speaker 1: has not articulated a clear path out of zero COVID.
Speaker 1: Ching Ping has so closely staked his legacy on the
Speaker 1: notion that China's pandemic response has been better than the West,
Speaker 1: that narrative would be really damaged if China lifted these controls.
Speaker 1: Craig Singleton with the Foundation for the Defensive Democracies, there's
Speaker 1: a guest on Bloomberg Sound on Catch the show weekdays
Speaker 1: at five pm Eastern on Bloomberg Radio I meantime caring.
Speaker 1: The US is taking note of China's response to the protest.
Speaker 1: National Security Council spokesman John Kirby talked about it yesterday.
Speaker 1: People should be allowed the right to assemble and to
Speaker 1: peacefully protest policies or laws or dictates that they take
Speaker 1: issue with. The National Security Council spokesman John Kirby says
Speaker 1: the White House does not expect the protests to affect
Speaker 1: supply chains. All the while, Nathan Stocks in Asia search
Speaker 1: with the unreshed over COVID curbs easing, Hong Kong's Hang
Speaker 1: Sang Index rally more than five percent, but Stocks in
Speaker 1: China game three percent. US futures rose and European stocks
Speaker 1: also opened higher. Taking a look at the broader economy here,
Speaker 1: and Fed officials are stressing more raid hikes are on
Speaker 1: the way to curb inflation. New York Fed President John
Speaker 1: Williams says it will take some time to get to
Speaker 1: price stability, and St. Louis President James Bullard says markets
Speaker 1: should expect aggressive tightening into next year. We've only recently
Speaker 1: moved into restrictive territory, and we're going to have to
Speaker 1: move farther in order to keep inflation under control. St.
Speaker 1: Louis Fed President Jim Bullard and other officials have signaled
Speaker 1: they planned to raise rates by fifty basis points next month.
Speaker 1: And in politics today, Nathan President Biden and House figure
Speaker 1: Nancy Pelosi are moving to prevent a shutdown of the
Speaker 1: nation's freight railroads. The White House is asking Congress to
Speaker 1: intervene in the House is preparing to take up a
Speaker 1: bill that would impose a labor settlement. That's the five
Speaker 1: things so you need to notice start your day. Brought
Speaker 1: to you by Interactive Brokers, and futures this morning are
Speaker 1: on the rise. There is this headline crossing the Bloomberg
Speaker 1: HSBC to sell it's Canada unit to Royal Bank of
Speaker 1: Canada S and P futures. Meanwhile, at eleven points this morning,
Speaker 1: Down Future is now up twenty eight and ASDAK futures
Speaker 1: of fifty six straight. I had your latest local headlines
Speaker 1: plus a check of sports, and this is Bloomberg. Okay,
Speaker 1: thanks Karen wall Street. Thirty six degrees in Central Park
Speaker 1: the westbound cross Bronx Expressway maybe a no go this morning.
Speaker 1: There's still an accident investigation at Jerome Avenue. Michael Barr
Speaker 1: has more on what's going on in New York and
Speaker 1: around the world. Michael, good morning, Good morning, Nathan. New
Speaker 1: York City police busted a massive counterfeit operation last night,
Speaker 1: falling away ten million dollars worth of bogus merchandise US
Speaker 1: and arresting seventeen people. Won by Standard witnessed the sudden takedown.
Speaker 1: Are you solace in YPD jumping out unmarked cars, mark cars,
Speaker 1: patty wagons. They got the cleared, the whole thing from
Speaker 1: here to here. And these guys used to sit up
Speaker 1: all night roll. Let's watch this everything you can imagine. St.
Speaker 1: Laurent All of the stuff. In planning the raid, police
Speaker 1: worked with luxury goods manufacturers who examined the merchandise in
Speaker 1: advance to certify it was counterfeit. In my p D,
Speaker 1: Chief of Patrol Jeffrey Madre, he or she will look
Speaker 1: at the property and say, this is this is not authentic,
Speaker 1: This is a knop off bad, this is a fake pace.
Speaker 1: Neeat this, Chief Madre says those arrested and now facing
Speaker 1: felony offenses a white supremacist will spend the rest of
Speaker 1: his life in prison for killing ten black shoppers and
Speaker 1: workers in a Buffalo grocery store. Last May, nineteen year
Speaker 1: old Peyton Gendren pleaded guilty to several charges, including hate
Speaker 1: motivated domestic terrorism charges, which carry an automatic sentence of
Speaker 1: life without parole. Garnell Whitfield's mother was shot and killed
Speaker 1: in the supermarket. Whitfield is calling on lawmakers to act.
Speaker 1: I want them to call out white supremacy. I want
Speaker 1: them to treat it like the cancer that it is.
Speaker 1: Garnel Whitfield, who watched the court proceedings, says Gendrin had
Speaker 1: no emotion. A Senate bill protecting same sex marriage cleared
Speaker 1: another procedure will hurt her last night. With the passage
Speaker 1: of the legislation expected today, the Respect from Marriage Act
Speaker 1: would federally recognize same sex marriages and ensure benefits for
Speaker 1: all married couples. Former Vice President Mike Pennce said Donald
Speaker 1: Trump should apologize for dining last week with rapper Ya
Speaker 1: and well known white nationalist Nick Fluentiz, saying his former
Speaker 1: boss showed profoundly poor judgment pens at it. I don't
Speaker 1: believe Donald Trump isn't into stamite. I don't believe he's
Speaker 1: a racist or a bigot. I would not have been
Speaker 1: as Vice president if he was. Penn spoke with News Nation.
Speaker 1: The m t A may have to raise fares to
Speaker 1: reduce service on subways, buses, and commun trains because the
Speaker 1: E and see his current financial plans are insufficient to
Speaker 1: close long term budget gaps. According to New York State
Speaker 1: Comptroller Thomas Monopoly, it is unclear how the MTA will
Speaker 1: avoid these outcomes unless it lays out additional options. Report
Speaker 1: comes ahead of a proposed three budget. The m t
Speaker 1: A is expected to release this week Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quickday,
Speaker 1: powered by more than twenty seven hundred journalists, analysts more
Speaker 1: than a hundred twenty countries. Michael Barr, this is Bloomberg Naker.
Speaker 1: Thanks Michael, six thirty six on Wall Street Time for
Speaker 1: the Bloomberg Sports Update, brought to you by Frice State
Speaker 1: outing with John Stashower. All Right, when the Rangers get
Speaker 1: their first up close look at the Devils who began
Speaker 1: the season o and too, but our nineteen and two
Speaker 1: since they've began last night, down to nothing or Temmy
Speaker 1: Paner and he can be managed to have the Ranger
Speaker 1: goals in the first three minutes for the Devils with
Speaker 1: two of the first period, two more in the second
Speaker 1: empty inner. At the end they won five three at
Speaker 1: the guard and the nets aft of the slow started
Speaker 1: claud back to five hundred. They beat Orlando at Barkley's
Speaker 1: one O nine, one O two. Kevin Durant was superb
Speaker 1: forty five points. He's got nineteen twenty four. That's lost
Speaker 1: Ben Simmons to a knee injury. Day to day. Kemba
Speaker 1: Walker has spent last season with the Knicks, has signed
Speaker 1: with Dallas and a baseball free agent son in Josiah
Speaker 1: Breyer with the World champion in East can Astros Monday
Speaker 1: Night football a couple of subpar a FC teams Pittsburgh
Speaker 1: one at Indianapolis four to seventeen. Jets coach Robert Salah
Speaker 1: confirmed the obvious Mike White will start Sunday at Minnesota
Speaker 1: and salis at his quarterback situation is week to week
Speaker 1: and the intent is stilled against Zach Wilson ready to play.
Speaker 1: Tiger Woods was gonna play in the Bahamas this weekend.
Speaker 1: He's got a foot injury, had to pull out. The
Speaker 1: US World Cup team tied England. England beat Iran easily
Speaker 1: six to two, but Iran beat Wales, who the U
Speaker 1: S could not feed US and Iran today and the
Speaker 1: American captains midfielder Tyler at it, it's gonna be a
Speaker 1: tough battle and you know, we're gonna have to have
Speaker 1: a lot of energy in this game and make sure
Speaker 1: that we're mentally prepared, pay attention to all the details
Speaker 1: in the game set pieces. UM and their midfield is
Speaker 1: dis quite impressive, you know, a very tech in from midfield.
Speaker 1: And you know, for me, it's always difficult to play
Speaker 1: against the technical midfield when they can control the ball
Speaker 1: and control the games. So UM you know, we're gonna
Speaker 1: have to do our homework on on the on the
Speaker 1: games that they played previously US victory. Today it's on
Speaker 1: with the knockout round, a loss or a tie and
Speaker 1: they're going home. Also today it is England against Whale.
Speaker 1: John stash Allen Bloberg Sports NA be an exciting day
Speaker 1: for World Cup fans. Thank you, John. We're coming up
Speaker 1: to six thirty eight on Wall Street. Time to take
Speaker 1: a look at stocks, some of the names moving in
Speaker 1: the pre market with Bloomberg Radio and TV Markets correspondent
Speaker 1: Creaty Gupta. It's been pretty light on the futures contracts,
Speaker 1: but boy did Chinese stocks surge on that just slight
Speaker 1: move away from COVID zero. Creaty, I a complete turnaround story.
Speaker 1: And yeah, it is wild what you're seeing in these
Speaker 1: Chinese ad rs. For example, we love to look at
Speaker 1: the poster child here, Ali Baba is our go to
Speaker 1: for all things China. In terms of how the American
Speaker 1: UM trading bases, perhaps viewing those Chinese A d R
Speaker 1: SO B A B as your taking. Their shares are
Speaker 1: up about six percent in the pre market. And to
Speaker 1: your point, Nathan, it does come with a I don't
Speaker 1: quite know. A plethora of news is what we'll call it,
Speaker 1: trying to find the right word there. But there's a
Speaker 1: couple of things here. They said that Chinese officials vowed
Speaker 1: to speed up COVID shots for the elderly. This was
Speaker 1: a major issue, the idea that a lot of Chinese
Speaker 1: citizens over the age of eighty. The vaccination rate was
Speaker 1: something like, it's something that is significantly low relative to
Speaker 1: the rest of the world, I think relative to China,
Speaker 1: think by comparison Nited States and something like seventy percent,
Speaker 1: especially for the elderly population. In the way that they've
Speaker 1: tackled the distribution of the COVID vaccine, so that's something
Speaker 1: that's very unique to China, so keep an eye on that.
Speaker 1: They also said that they're going to avoid excessive restrictions.
Speaker 1: Remember that was really the issue that was fueling a
Speaker 1: lot of these protests, the idea there was a fire
Speaker 1: in a high rise building in one of their regions.
Speaker 1: That basically meant that in that fire, a lot of
Speaker 1: people couldn't escape and they couldn't be rescued because of
Speaker 1: the COVID restriction. So that is what kind of was
Speaker 1: the the spark for a lot of these protests among
Speaker 1: just general frustration. So to see that really be addressed
Speaker 1: is a game changer for a lot of these Chinese
Speaker 1: eight ours. Now there is some skepticism, of course, coming
Speaker 1: to all these developments, but the idea that a new
Speaker 1: round of perhaps easing could be underway um and perhaps
Speaker 1: kind of build pressure for reopening is fueling the likes
Speaker 1: of Ali Baba also feeling likes of j D dot
Speaker 1: Com for example. So j D is the ticker there
Speaker 1: shears up about eight percent for that stock. All right, now,
Speaker 1: last minute here, Crety, what are you looking at in
Speaker 1: terms of domestic shares? Yeah, this is the rapid fire
Speaker 1: round if you will, full of analysts recommendations. You gotta
Speaker 1: look at Roku's one are okay? You shares you down
Speaker 1: about two point four percent of the pre market stock
Speaker 1: downgraded to sector weight from overweight. Over at key Bank,
Speaker 1: they're saying the consensus fore and looks quote too optimistic.
Speaker 1: I want someone to say that about me, too optimistic.
Speaker 1: Microsoft m s f T is the other one you
Speaker 1: want to keep an eye on. Share is actually up
Speaker 1: well about two tenths of one percent, up about five
Speaker 1: tenths of one percent earlier more exactly, saying that it
Speaker 1: has confidence in the software firm's commercial businesses, sending a
Speaker 1: strong and durable demand signal when it comes to you.
Speaker 1: We can never be too optimistic about Bloomberg Radio on
Speaker 1: TV Market. It's correspondent Creedy Goop to stand on top
Speaker 1: of the pre market action for us this morning, stocks
Speaker 1: as a whole just a touch higher after the surge.
Speaker 1: Overseas we got SMP futures up nine points, down features
Speaker 1: up eleven, nastack features up fifty points. Send your treasury
Speaker 1: is up six thirty seconds yield three point six five percent.
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Speaker 1: lash and I'm kared. Moscow futures are on the rise
Speaker 1: this morning We had the first word breaking news desk
Speaker 1: for today's morning call, and here's Bill Maloney. Bill, good
Speaker 1: more ing and good morning Karen. A modest bounce in
Speaker 1: the futures FPS today's sell off, with OUT futures up
Speaker 1: nine points, SAPES game eight and NASA futures are higher
Speaker 1: by fifty. He was ten year old at three point
Speaker 1: six six percent, Gold is up fourteen, Oil is climbing,
Speaker 1: and Bitcoin is training higher by one point nine percent.
Speaker 1: Hong Kong jumped five point two percent overnight, while up
Speaker 1: markets are trading mixed this morning. And back in the US.
Speaker 1: On the economic front, at nine o'clock the House Price
Speaker 1: Index and at ten o'clock consumer confidence. Then another news,
Speaker 1: Morgan Stanley said the SNP five hundred may drop as
Speaker 1: much as fifteen percent by March as he fed unwinds
Speaker 1: its balance sheet, and Adobe said that Cyber Monday was
Speaker 1: set to break records with a projected eleven point six
Speaker 1: billion in online spending. Wrapping things up over red Georgia Bank,
Speaker 1: Canadian Pacific was raised to buy and ups was also
Speaker 1: raised to buy. Live from the first Breaking News Desk
Speaker 1: on Bill Maloney, Karen, all right, Bill, thank you to
Speaker 1: hear live breaking news over your Bloomberg type squawk on
Speaker 1: your terminal squ a w K and that's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more on what's
Speaker 1: going on around the world. Michael Karen, thank you very much.
Speaker 1: Congress is being called to stop a loooming national railroad
Speaker 1: strike as President Biden urges lawmakers to act. Biden says,
Speaker 1: while he's pro labor, the economic impact of a shutdown
Speaker 1: would hurt millions of other working people and families. NATO
Speaker 1: chief Yen Stoltenberg accused Russian President Vladimir Putin of using
Speaker 1: winter as a weapon. Ukraine's leader warned that the Kremlin
Speaker 1: is preparing new strikes to inflict more damage on the
Speaker 1: energy system. At the World Cup later today, the US
Speaker 1: faces around in the NBA, the Nets, Wizards and Celtics
Speaker 1: one NHL, The Devil's Beat, the Rangers. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Tank,
Speaker 1: powered by more than hundred journalists and analysts more than
Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg.
Speaker 1: Nathan all right, Michael. Thanks at sixty nine on Wall Street.
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Speaker 1: Block five has become the latest crypto firm to collapse
Speaker 1: in the wake of the downfall of f t X.
Speaker 1: The digital asset lender says it will use the Chapter
Speaker 1: eleven process to recover everything it's owned by counterparties including
Speaker 1: f t X, but Block five acknowledges that those recoveries
Speaker 1: are likely to be delayed by f t x is
Speaker 1: own bankruptcy. Carmakers are opting to shutter their plants in
Speaker 1: China as COVID restrictions make it nearly impossible to secure
Speaker 1: some components. Volkswagen says a component shortage is the main
Speaker 1: reason behind its decision to halt production at a joint
Speaker 1: venture plant it has with China f A double group
Speaker 1: in cheng Do, as well as a two of five
Speaker 1: production lines at its factory in Chang Chung, and Amazon's
Speaker 1: cloud computing units rolling out new chips designed to power
Speaker 1: the highest end of computing, supporting asks such as weather
Speaker 1: forecasting and gene sequencing. Amazon Web Services, the largest owner
Speaker 1: of over the Internet computing, says that'll let customers rent
Speaker 1: computing power that relies on a new version of its
Speaker 1: Graviton chips. That newest chip is the latest piece of
Speaker 1: Amazon's effort to build more of the hardware that fills
Speaker 1: the massive data centers that power a w S. And
Speaker 1: that's the Bloomberg and j I t Stem Report. We're
Speaker 1: live from the Bloomberg Interactive Broker Studios, where it's now
Speaker 1: six fifty on Wall Street. Now it's time to check
Speaker 1: what's going on in BC or. Some of the top
Speaker 1: stories include a munit of response from the Biden administration
Speaker 1: to the protests in China, President Biden asking Congress to
Speaker 1: force a rail deal despite union protests, Former Vice President
Speaker 1: Pence telling his former boss to apologize after dining with
Speaker 1: a white nationalist, and the same sex marriage bill set
Speaker 1: to pass the Senate later today. Let's bring in Joe
Speaker 1: Matthew to get more on some of these stories are Washington,
Speaker 1: course wanted host of Sound On on Bloomberg Radio. So, Joe,
Speaker 1: what is the response in Washington today's ongoing protests in China?
Speaker 1: You know, Nathan, the headline on sound On last night
Speaker 1: was proceed with caution, because that's exactly what John Kirby
Speaker 1: was doing at the podium. He was part of the
Speaker 1: briefing at the White House yesterday and took any number
Speaker 1: of questions about the protests, China's COVID policy, and a
Speaker 1: lot of related issues. Responding with the refrain people should
Speaker 1: be allowed the right to assemble and to peacefully protests,
Speaker 1: he said it again and again, like what about this, Well,
Speaker 1: we do, we do support the right to peacefully protest.
Speaker 1: At one point he was even asked about using so
Speaker 1: much caution and why the US was not taking the
Speaker 1: opportunity to assert itself as a democracy. Kirby basically said,
Speaker 1: I am asserting myself. So it's clear there are concerns
Speaker 1: here in the wake of President Biden's meeting with President
Speaker 1: she at the G twenty and Indonesia that was watched
Speaker 1: just two weeks ago, concerns about undoing progress, but even worse,
Speaker 1: Nathan to to give the impression somehow that the US
Speaker 1: is encouraging or or helping to plan these protests. They
Speaker 1: want this to resolve on its own. You have to wonder, though, Joe,
Speaker 1: whether this could lead to more pressure on the Biden
Speaker 1: administration when you have Congress getting back to work and
Speaker 1: obviously a lot of lawmakers don't have that same kind
Speaker 1: of diplomatic dance that the President has to continue to
Speaker 1: maneuver here after that meeting with Shijin paying there are
Speaker 1: a lot of China hawks. It's one of the real
Speaker 1: by parts and issues in Washington and put some hate
Speaker 1: on China here, and you're right, and I would expect
Speaker 1: a lot of messaging on that from lawmakers. There's not
Speaker 1: likely a lot they can do though without really changing
Speaker 1: the rules, for instance, of companies doing business in China.
Speaker 1: That's that's the concern as well or the apples and
Speaker 1: the other manufacturers who are dealing with with supply disruptions here,
Speaker 1: with production disruptions. Although Kirby did say yesterday that as
Speaker 1: far as the White House is concerned, there is no
Speaker 1: major interruption in supply chains. Yet of course that could change,
Speaker 1: and that's a different conversation. And speaking of supply chains.
Speaker 1: How about this dispute ongoing between rail works and the
Speaker 1: freight rail companies. There's a deadline coming up, Joe. That's right.
Speaker 1: It's the ninth of December, and I do you know,
Speaker 1: I really encourage people to consider this. Can you imagine
Speaker 1: a rail strike happening right before Christmas? That's what we
Speaker 1: would be talking about here. Uh, And it would completely
Speaker 1: upend the supply chain in the national economy when you
Speaker 1: consider three hundred trailer trucks for one train. That's how
Speaker 1: this works out. There was an agreement back in September.
Speaker 1: The White House took a victory lap on this. Marty
Speaker 1: Walsh put in dozens of hours. Remember they were bringing
Speaker 1: in Italian food in the middle of the ninth Right,
Speaker 1: we're getting along. This agreement, though it was not embraced
Speaker 1: by all of the unions, more than a dozen of them,
Speaker 1: it does not include sickly that's a big deal. In
Speaker 1: one of the four unions that voted down that proposed
Speaker 1: agreement says it will oppose any legislation that does not
Speaker 1: include paid sick days. So we're gonna have to see
Speaker 1: what happens with Congress. But you're right, Joe, Biden, who
Speaker 1: claims to be the most labor friendly president in the
Speaker 1: history of America, out with a statement last night telling
Speaker 1: Congress to get involved here. They should immediately codify the
Speaker 1: agreement that he helped to put together in September that
Speaker 1: I mentioned here in Nancy Pelosi is preparing to take
Speaker 1: action here. It's unclear exactly what the votes will be
Speaker 1: and whether the Senate is going to be prepared to
Speaker 1: move that quickly, but they don't have a lot of time. Nathan.
Speaker 1: He's an idea that the President, Biden wants to be
Speaker 1: seen as the most pro union president ever sort of been.
Speaker 1: What's keeping him from asking Congress intervene up to now?
Speaker 1: It's a good question. Look, I think they really wanted
Speaker 1: to just get this done on their own. You know,
Speaker 1: they had a deal. He thought that he had gone
Speaker 1: gotten beyond this. Uh he dispatched his labor secretary, his
Speaker 1: Commerce secretary, he even called in himself. Remember they got
Speaker 1: a call from from Joe Biden in the middle of
Speaker 1: these negotiations. Uh So, I think the idea was that, hey,
Speaker 1: we're capable of doing this. But when you start going
Speaker 1: into the holiday season here potentially into the new year,
Speaker 1: with a strike. That's not acceptable to the White House,
Speaker 1: it's not acceptable to the the rail cup and he's
Speaker 1: either And I have to admit, you know, you there's
Speaker 1: a lot to be concerned about here when it comes
Speaker 1: to sickly, we should not be fired for going to
Speaker 1: the doctor. But most people would not accept the results
Speaker 1: of a rail strike. It would bring the economy to
Speaker 1: a halt. Yeah, all right, let's train to another political
Speaker 1: story this morning. There's still seem to be a lot
Speaker 1: of questions for Republicans about that dinner between former President
Speaker 1: Trump and the white nationalist and now former Vice president.
Speaker 1: Mike Pence is being asked about it as well. Yeah. Boy,
Speaker 1: he's doing a lot of interviews lately, and he did,
Speaker 1: he did talk about this has been you know, there's
Speaker 1: been a noted lack of high ranking Republicans denouncing this
Speaker 1: dinner with Nick Fuentis and Kanye or Yea or whatever
Speaker 1: you call him. Kevin McCarthy has been very quiet. Uh,
Speaker 1: this is the man who wants to hold the gavel
Speaker 1: in the House. So Mike Pence is probably the most
Speaker 1: prominent Republican to criticize Trump here. Um. He he also
Speaker 1: said he does not believe that Donald Trump is is
Speaker 1: anti Semitic, racist or a bigot. So you know, at
Speaker 1: this point it's it's difficult up for a lot of
Speaker 1: people to swallow. He was talking to what is the
Speaker 1: news nation, right, so that there's there's too many networks.
Speaker 1: But you know, there's always a butt with Mike Pence.
Speaker 1: The President was wrong about the election, but it was
Speaker 1: the honor of my life to serve in the Trump administration.
Speaker 1: Trump encouraged a mob to kill me, But Donald Trump
Speaker 1: and I were great friends until then. It just takes
Speaker 1: a bit of a punch out of the statement here
Speaker 1: for him to say, yes, Donald Trump should he was wrong,
Speaker 1: he should apologize, but but I don't think he's an
Speaker 1: anti semi or a racist. It just sort of it
Speaker 1: makes it a little bit difficult to take the whole statement. Yeah,
Speaker 1: just thirty seconds left here. Joe's that seem sex marriage
Speaker 1: bill gonna get past in the Senate tonight. Gosh, it's
Speaker 1: sure looks like it five last night they move ahead
Speaker 1: with with an amendment. Uh and and yes they have
Speaker 1: a couple of amendments to get through. Mike Lee, Marco Rubio,
Speaker 1: James Langford, they all have amendments to the bill, But
Speaker 1: this would essentially replace uh, the Defensive Marriage Act from
Speaker 1: the House will have to come back around with changes
Speaker 1: on its own. But this is moving along all right.
Speaker 1: Bloomberg Joe Matthew catch more of him tonight five pm.
Speaker 1: Wall Street Time across Bloomberg Radio. Sound on to get
Speaker 1: all the latest from the nation's capital. Read more about
Speaker 1: these stories as well on Bloomberg dot Com or on
Speaker 1: the Bloomberg terminal. And when you ever here in Washington,
Speaker 1: just tune into Bloomberg one one oh five point seven
Speaker 1: FM h D two to get all the latest from
Speaker 1: Bloomberg Radio. Joe said, there's so many channels, as far
Speaker 1: as I'm concerned, there's only one Bloomberg Radio. SFP Futures
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