Speaker 1: Live from the Bloomberg Interactive Brooker Studios is Bloomberg Daybreak
Speaker 1: for Monday, June six. Coming up this shower. Stocks rise
Speaker 1: around the world as we begin a new trading week.
Speaker 1: Oil gains is Saudi Arabia, Racist prices in Asia more
Speaker 1: than expected. President Biden takes executive action to boost the
Speaker 1: U S. Solar industry, and UK Prime Minister Boris Johnson
Speaker 1: faces that key leadership vote. He was a deadly weekend
Speaker 1: of shootings as U S. Senators work on gun reform.
Speaker 1: Plus primary elections take place in seven states tomorrow, including
Speaker 1: New Jersey. I'm Michael Barr. More ahead, I'm John stashon sports.
Speaker 1: A late goal lift in Tampa Bay over the Rangers,
Speaker 1: the Warriors beat the Celtics, wins for the Mets and Yankees.
Speaker 1: That's All's trading ahead on Bloomberg Daybreak on Bloomberg eleven
Speaker 1: three on New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Syrius Exam one nineteen and around the world long Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business App. Good morning,
Speaker 1: I'm Karen Moscow. I'm Nathan Hagar. Bloomberg Daybreak is brought
Speaker 1: to you by b n Y Melon, Pershing's Insight conference
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Speaker 1: and Futures This morning on the rise six o one
Speaker 1: on Wall Street, we checked the markets every fifteen minutes
Speaker 1: throughout the trading day on bloomberg S and P Future
Speaker 1: is at forty points now, Futures up two d fifty
Speaker 1: two and nasday futures up one hundred sixty one. The
Speaker 1: decks in Germany's up nine tenths of a percent. The
Speaker 1: tenure Treasury is down seven thirty seconds to yield is
Speaker 1: at two point on six percent of the yield on
Speaker 1: the two year two point six eight percent. Nathan, Well, Karen,
Speaker 1: we are seeing this lift in markets as we begin
Speaker 1: a new trading week and helping to boost sentiment in
Speaker 1: Asia Beijing reopening further from COVID restrictions. Let's get the
Speaker 1: recap from Bloomberg's Juliette sal in Singapore. Morning. Juliet, Good morning,
Speaker 1: Nathan and Karen, Japanese equities are raised earlier losses, and
Speaker 1: Texas rose in Hong Kong following the long weekend, this
Speaker 1: after a gauge of Chinese companies traded in the US
Speaker 1: had risen two percent of the two trading sessions that
Speaker 1: Hong Kong had been closed. Stocks in Maitland China advanced
Speaker 1: as Beijing ease back COVID nineteen restrictions, also lifting the
Speaker 1: on Choi one. Australian stocks fell, bucking the trend ahead
Speaker 1: of an expected second consecutive interest rate increased Tuesday, whilstwiss
Speaker 1: Bank Ubs said buying the Assi Dolla is a phenomenal
Speaker 1: trade in Singapore. Juliette Sally Bloomberg Daybreak a right Juliet,
Speaker 1: thank you all. Oil also on the rise this morning,
Speaker 1: approaching a hundred twenty dollars of barrel. Saudi Arabia is
Speaker 1: signaling confidence and demand for oil. The kingdom raised prices
Speaker 1: more than expected for Asian customers again. More from Bloomberg
Speaker 1: Markets Live editor Heather burg Sad Arabia signal competence with
Speaker 1: the demand um with the bigger than expected price increase
Speaker 1: of its crude for Asia, and overall we're seeing improving
Speaker 1: demand picture. Um, we're heading into peak summer driving season,
Speaker 1: and also in China, which is the top crude buyer.
Speaker 1: They um, they continue to ease COVID restrictions, we should
Speaker 1: also help the demand side of oil and Bluebear Markets
Speaker 1: Line editor Heather Berg says oil has rallied almost sixty
Speaker 1: this year. Checking prices right now, nine NX screwded oil
Speaker 1: up eight tens per center cents and a hundred nineteen
Speaker 1: dollars eighty cents of barrel and brent is up eight
Speaker 1: tens percent at a D twenty seventy three cents. Rising
Speaker 1: oil prices have certainly been a major factor in inflation increases.
Speaker 1: Karen and now President Biden's Commerce chief Gena Romando, says
Speaker 1: it may make sense to lift tariffs on some imported
Speaker 1: products help ease higher prices steel and aluminum. We've decided
Speaker 1: to keep some of those tariffs because we need to
Speaker 1: protect American workers and we need to protect our our
Speaker 1: steel industry. That's a matter of national security. There are
Speaker 1: other products, um, you know, household goods, bicycles, etcetera. Uh,
Speaker 1: and it may make sense. Commerce Secretary Gena Romando made
Speaker 1: the comments on CNN over the weekend, we all straight
Speaker 1: bracing for a key report on inflation. Nathan. We get
Speaker 1: the story from Bloombergy's Vinny del ju Dice. The Labor
Speaker 1: Department will issue May's consumer price index on Friday. Economists
Speaker 1: say that you over your inflation rate will continue near
Speaker 1: historic levels, copping eight percent. A major driver in May
Speaker 1: record petroleum costs in addition to the sustained run up
Speaker 1: another household stables. Also on this week's data agenda, University
Speaker 1: of Michigan figures on consumer sentiment. Sentiment has been running
Speaker 1: low as the quest of living runs Highnce Bloomberg day Break,
Speaker 1: All right, Vinny, thank you. As the Fed remains focused
Speaker 1: on fighting inflation, we are getting word from Goldman Sachs
Speaker 1: that the US economy remains on a narrow path to
Speaker 1: a soft landing. Let's get more on that line from
Speaker 1: Bloomberg's You Need a Young Good Morning, Grened a good morning, Nathan.
Speaker 1: Goldman says improving inflation numbers and other factors suggests that
Speaker 1: the Fed may be able to pull off its aggressive
Speaker 1: rate hike plan without tipping the country into a recession.
Speaker 1: Goldman economists say sequential core inflation appears to be slowing
Speaker 1: and pressures on the supply chain are improving, even as
Speaker 1: signs of softening in the job market emerges. Now, the
Speaker 1: economists say, while the deterioration and indicators like the first
Speaker 1: quarters GDP contractions suggest near term recession risks has increased,
Speaker 1: other measures show output is expanding. Live in New York,
Speaker 1: I'm reneed a young Bloomberg day break right re need
Speaker 1: to thank you. At least a half a dozen central
Speaker 1: banks are expected to raise interest rates this week. Meanwhile,
Speaker 1: the European Central Bank is predicting to finally join the
Speaker 1: global tightening bandwagon, with policymakers on Thursday expected to announce
Speaker 1: it and to bond purchases and formally begin the countdown
Speaker 1: to an increase in borrowing costs in July. While staying
Speaker 1: in Europe, care in the future of Boris Johnson is
Speaker 1: in focus as he faces a leadership vote in his
Speaker 1: ruling Conservative Party. Let's go to London and get the
Speaker 1: very latest with Bloomberg's human pots. Good morning and good morning,
Speaker 1: Nathan and Karen. After months of speculation, at eight a m.
Speaker 1: Outside the British House of the Parliament, it was announced
Speaker 1: that the Prime Minister is the face of votes of
Speaker 1: confidence in his leadership. This after more than fifteen percent
Speaker 1: of lawmakers from Boris Johnson's own Conservative party called for
Speaker 1: the votes. The pms be under five for a series
Speaker 1: of the legal gatherings at Downing Street during the COVID lockdowns.
Speaker 1: The votes on Johnson's future will conclude at eight p m.
Speaker 1: London time, and he needs the supports of at least
Speaker 1: half of lawmakers to keep his position in London. Immune
Speaker 1: Parts spoombook, debreak here and thank you back here. In
Speaker 1: the US, President Biden will take executive action to boost
Speaker 1: the US solar industry. Bloombergs Amy Morris has detailed Stoomer
Speaker 1: newsroom in Washington. Sources tell Bloomberg News the President plans
Speaker 1: to invoke the Defense Production Act to provide support for
Speaker 1: US made solar panels, while announcing a two year halt
Speaker 1: on new solar tariffs now that would allow domestic developers
Speaker 1: to use the foreign equipment while US manufacturing ramps up.
Speaker 1: The White House is also said to use the federal
Speaker 1: government's purchasing power to help support American clean energy manufacturers.
Speaker 1: The announcement could come as early as today. In Washington.
Speaker 1: I'm Amy Morris Bloomberg debrisk okay me thank you? In
Speaker 1: Starbucks is looking at external candidates only for its next CEO.
Speaker 1: That's according to interim chief Howard Schultz, who tells the
Speaker 1: Wall Street Journal the coffee chain needs to add new
Speaker 1: talent and skills to its leadership ranks. Schultz is in
Speaker 1: his third stint running Starbucks. He says he is not
Speaker 1: a candidate for the full time job. And you're listening
Speaker 1: to Bloomberg Daybreak for it sounds six o seven on
Speaker 1: Wall Street, sixty four degrees in Central Park, and we've
Speaker 1: got a crash on the upbound upper level of the
Speaker 1: George Washington Ridge. Details coming up in traffic. First Michael
Speaker 1: bar with more on what's going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: A deadly weekend of shootings in the US and several
Speaker 1: states left about a dozen people dead. In Philadelphia, three
Speaker 1: people were killed and eleven wounded into shooting. Philadelphia Police
Speaker 1: Commissioner Daniel Outlaw says they are looking for the shooter
Speaker 1: who fled on foot. We're working with our local, state
Speaker 1: and federal partners to make sure that no lead is
Speaker 1: lost and that no stone remains unturned. Commissioner Outlaws has
Speaker 1: Authorities are offering a twenty dollar reward for information leading
Speaker 1: to the arrest of the shooter. Shooting near a Chattanooga
Speaker 1: nightclub left three dead. Police say four team were shot
Speaker 1: and three others were hit by vehicles. Chattanooga Mayor Tim Kelly,
Speaker 1: are there an avid hunter and a marksman all my life?
Speaker 1: And I want to say clearly a fully responsible I
Speaker 1: fully support rather responsible gun ownership. The Congress needs to
Speaker 1: do their jobs and past common sense regulations that will
Speaker 1: help stop this nonsense. Mayor Kelly implored parents to keep
Speaker 1: track of their children, especially if they suspect they carry
Speaker 1: guns mean while bipartisan group of U. S senators say
Speaker 1: gun talks are innching forward, though a deal is far
Speaker 1: from assured. Officials fear more than fifty people were killed
Speaker 1: in southwestern Nigeria when gunmen burst into a Catholic church
Speaker 1: during mass, opening fire and deadenating explosives. Primary elections in
Speaker 1: New Jersey and six other states take place tomorrow. It
Speaker 1: will set the stage for US House and Send It
Speaker 1: battles this fall and will play into cont troll of
Speaker 1: Congress In New Jersey's GOP primary, Tom Malinowski won by
Speaker 1: fewer than two percentage points in twenty and his district
Speaker 1: has become slightly more Republican since new congressional district lines
Speaker 1: were set last year. I'll see your eight and match it.
Speaker 1: The US and South Korea launched eight missiles into the
Speaker 1: Sea of Japan today in response to North Korea. Yesterday,
Speaker 1: the North test fired eight missiles as well into the sea.
Speaker 1: The South's military says he wanted to demonstrate the allies
Speaker 1: immediate precision strike capabilities and readiness to use them. Alec
Speaker 1: john Such, the basis and founding member of the iconic
Speaker 1: rock band Bon Jovias, died. He was the new Jersey
Speaker 1: rock bands basis. From three to Alec John Such was
Speaker 1: seventy global news twenty four hours a day on air
Speaker 1: and on Bloomberg quittake power by more than twenty seven
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael barn this is Bloomberg, Nathan. Thanks Michael six O
Speaker 1: nine on Wall Street time for the Bloomberg Sports Update
Speaker 1: with John Stashow x Nathan. Rangers fans probably did not
Speaker 1: realistically expect that series sweep of Tampa Bayo. They likely
Speaker 1: head to their minds. When the Rangers scored two power
Speaker 1: play goals in the second period, they led game three
Speaker 1: to nothing, but the Lightning came back a couple of
Speaker 1: power play goals of their own, and then in the
Speaker 1: final minute, the first and only five on five goal
Speaker 1: of the game goes shoot stay by the circuit pre
Speaker 1: bound to turn at right point let point head been
Speaker 1: class speed f f l A and Tampa. The goal
Speaker 1: came in only forty two seconds remaining. The Lightning won
Speaker 1: three two and the Rangers now leading series to one.
Speaker 1: Game four tomorrow, Game two of the NBA Finals, Warriors
Speaker 1: dominated the third quarter. That was the difference. They beat
Speaker 1: the Celtics one oh seven to eighty eight to tie
Speaker 1: the series at one. Quinn Snyder resigned after eight years
Speaker 1: as the coach of the Utah Jazz. Matt's in l
Speaker 1: A trailed early and then scored three runs of the
Speaker 1: eighth inning. They were one out from victory the bottom
Speaker 1: of the nine when the Dodgers tied the game. That's
Speaker 1: still won five, four and ten, and they gained a
Speaker 1: split of the four games set after they dropped the
Speaker 1: first two. They played tonight in San Diego Yankees are
Speaker 1: off a like. The Mets also won five four in
Speaker 1: tenantings after Detroit tied the game and the eighth of
Speaker 1: Josh Donaldson sacked fly in the tenth, and the Yanks
Speaker 1: sweep the six game homestand a third of the way
Speaker 1: through the season, the Yankees are thirty nine and fifteen.
Speaker 1: It's the best record any MLB team has had at
Speaker 1: this point in the last twenty one years, making fourteen
Speaker 1: French Open titles for Raffael Nodal twenty two Grand Slams.
Speaker 1: That's two more than Roger Federer and Novak Djokovic. Billy
Speaker 1: Horshaw won Memorial Galpin Ohio by four shots. John stash
Speaker 1: Eller Bloomberg Sports, Nathan Okay, John, thank you right now.
Speaker 1: SMP futures are up forty two point STUN futures up
Speaker 1: two sixty seven, NAZAC future is higher by a hundred
Speaker 1: sixty nine points, and the tenure treasury is down seven
Speaker 1: thirty seconds. The yield just shy of two point nine
Speaker 1: six per cent. More insights on this market as we
Speaker 1: get set for the new trading week. Michael Houston, Chief
Speaker 1: mark an Analyst at CMC Markets joins US next This
Speaker 1: is Bloomberg and Bloomberg Daybreak is brought to you by
Speaker 1: the Jewish Communal Fund JCFS. Don't advised fund is the
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Speaker 1: dot org, 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, This is a Bloomberg business flash
Speaker 1: and I'm Karin. Moscow songs in Europe are gaining along
Speaker 1: with US stock index futures as Beijing's latest move to
Speaker 1: use COVID restrictions and checks a note of optimism into
Speaker 1: markets rattled by inflation and rate high concerns treasuries and
Speaker 1: dollar slipping. We checked the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg. Right now, S and P
Speaker 1: futures have forty two points NOWL futures have two D
Speaker 1: sixty three and Nasdaq futures up one hundred sixty nine.
Speaker 1: The decks in Germany's up one percent ten your treasury
Speaker 1: down six thirty seconds. You'll two point nine five percent.
Speaker 1: The yield on the two year two point six eight percent.
Speaker 1: Nimex scrude oil is up half percent, or sixty four cents,
Speaker 1: at a hundred nineteen dollars fifty two cents a barrel.
Speaker 1: Comics schooled up a third per cent, or six dollars
Speaker 1: fifty cents. In eighteen fifty six, seventy announced the euro
Speaker 1: one point oh seven four four against the dollar, British
Speaker 1: found one point two five eight and the end one
Speaker 1: thirty point six eight. Bitcoin this morning is at four
Speaker 1: point nine percent at thirty one thousand, three d eighty
Speaker 1: eight dollars. That's a Bloomberg business flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Boris Johnson could be
Speaker 1: ousted as Britain's Prime minister. He's facing an old confidence
Speaker 1: vote in his Conservative party after he had rule breaking
Speaker 1: parties during the COVID lockdown. Lawmakers in Washington say they're
Speaker 1: more hopeful than ever that bipartisan negotiations on gun reform
Speaker 1: will finally get somewhere me and while the several mass
Speaker 1: shootings over the weekend, the Warriors even the NBA Finals
Speaker 1: that a game of piece after beating the Celtics in
Speaker 1: Game three of the NHL East Final. The Rangers lost
Speaker 1: for the Lightning three too. In baseball, the Yankees and
Speaker 1: Mets one, the Red Sox beat the A's, the Orioles
Speaker 1: lost the Nationals and Giants one. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Day,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: in more than a hundred twenty countries. Michael Barr, this
Speaker 1: is Bloomberg. Nathan. Okay, Michael, thank you his six nineteen
Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak, and just want to pass along
Speaker 1: this spread headline that just crossed the Bloomberg terminal moments ago.
Speaker 1: India in talks to increase Russian oil imports from Rosneft.
Speaker 1: Take a look at how that could impact the crude
Speaker 1: market with West Texas Intermediate right now at a half
Speaker 1: percent or a hundred nineteen dollars forty eight cents a barrel.
Speaker 1: On word that Saudi Arabia could be ready to increase production.
Speaker 1: Will be following that for you throughout the morning here
Speaker 1: on Bloomberg day Break. In the meantime, Michael Houston is
Speaker 1: with us this morning, Chief Mark, an analyst at CMC Markets,
Speaker 1: as we take a look at a risk on start
Speaker 1: to the week. Michael, good morning. Karen mentioned the boosting
Speaker 1: sentiment from China lifting some COVID restrictions. Could this be
Speaker 1: the start of something good for the equity market or
Speaker 1: is this a bear market rally. I still think this
Speaker 1: is potentially a bear market rally. I think nothing at
Speaker 1: the moment has convinced me otherwise. I think the picture
Speaker 1: will become slightly clearer, certainly in the context of whether
Speaker 1: or not inflation is peaked, and I think that is
Speaker 1: probably the overranching narrative at the moment. It's not so
Speaker 1: much whether or not China is starting to unlock. We
Speaker 1: knew that anyway. Um shanghaiing restrictions from the first of June.
Speaker 1: Beijing is starting to do the same thing. I think
Speaker 1: the biggest concern I think as regards the Chinese economy
Speaker 1: is concerned is whether or not we get a V
Speaker 1: shaped rebound there, and I'm not convinced that we can
Speaker 1: given the low vaccination rates of the Chinese population and
Speaker 1: the fact China is still insisting on zero COVID policy.
Speaker 1: So the bigger question is this week's you a CPI
Speaker 1: kind of we hit peak inflation or are we plessoing?
Speaker 1: And obviously what the e CBS intentions are going forward.
Speaker 1: So I think we're in a little bit of no
Speaker 1: man's land uncertainty over the course of the next two
Speaker 1: weeks because no sooner do we get the ECB out
Speaker 1: the way, and obviously we've got the Federal Reserve coming
Speaker 1: up next week as well. So what's your read on
Speaker 1: whether we could be at peak inflation at this point?
Speaker 1: What's your expectation heading into that CPI print coming on Friday.
Speaker 1: If I look at the bond market and I look
Speaker 1: at ten new yields, then certainly I think there is
Speaker 1: a perception on the part of bond markets that we
Speaker 1: have because if you look at the price action and
Speaker 1: you look at the fairly subdued reaction that we saw
Speaker 1: to Friday's payrolls date, for I think as long as
Speaker 1: the ten year yields stays below three that I certainly
Speaker 1: think there is a ability by markets to push the
Speaker 1: SMP higher. If we can get back above four thousand,
Speaker 1: two hundred and bond yields soften, then I think there's
Speaker 1: there's potentially good traction the further gains, but you know,
Speaker 1: let's not let's not get too overenthusiastic about this. We
Speaker 1: are still in a downtrend. We have been in a
Speaker 1: town trend since the end of last year. We can
Speaker 1: go back as far as four thousand, four hundred and
Speaker 1: still for me being a bear market rally. So I
Speaker 1: think there is potential for further upside, but I think
Speaker 1: an awful lot will depend on whether or not the
Speaker 1: Fed goes fifty basis points in September, which is what
Speaker 1: I think what markets are concerned about at the moment,
Speaker 1: in the aftermath of obviously a June and July. If
Speaker 1: basis points right movement, I think the picture will become
Speaker 1: much clearer. Jackson Hall and we do have the SMP
Speaker 1: right now at eight after the Friday close. Uh, Michael,
Speaker 1: we have just about a minute left here. What is
Speaker 1: your feel on whether the Fed is going to continue
Speaker 1: with aggressive rate hikes. It does seem as though the
Speaker 1: markets priced in fifty basis point moves this month and next.
Speaker 1: What should markets be looking for when it comes to
Speaker 1: gaming out whether we could see even more aggressive rate
Speaker 1: tightening in the months to come well. I think if
Speaker 1: we look at pc that has been on the downward
Speaker 1: track since March, I think if this week's CPI and
Speaker 1: them it comes in below eight points, or the core
Speaker 1: prices coming significantly lower, then we could see start price
Speaker 1: We could start to see pricing come out of that
Speaker 1: fifty basis point move that markets are already starting to
Speaker 1: price in. So I think the next few weeks, the
Speaker 1: next couple of weeks are going to be crucial. Softening
Speaker 1: in CPI this week and then see what the Fed
Speaker 1: says with respect to its dot plot and obviously it's
Speaker 1: forward guidance going forward next week. Now very important FED
Speaker 1: meeting coming up next week and at least a half
Speaker 1: dozen central banks expected to join the rate hiking party
Speaker 1: this week alone. Michael Houston, Chief Market Analyst CMC Markets
Speaker 1: as always great to get your thoughts as we get
Speaker 1: ready for another trading week ahead of all that central
Speaker 1: bank action this week and next. Looking ahead to the
Speaker 1: market open, we do have futures moving higher, with SMP
Speaker 1: futures up forty three points or one point one percent down.
Speaker 1: Futures are up two hundred sixty six points, and NAZDAC
Speaker 1: futures are leading the Games this morning up a hundred
Speaker 1: seventy four points. That's a gain of one point four percent.
Speaker 1: Docks in Germany up one percent, the cat in Paris
Speaker 1: up one point one percent, the foot Sea in London
Speaker 1: up one point three percent. Ahead of that confidence vote
Speaker 1: for UK Prime Minister Boris Johnson later today ten Your
Speaker 1: treasuries down six thirty seconds, the yield two point nine
Speaker 1: five percent and the yield on the two year two
Speaker 1: point six seven percent. Just ahead, the Biden administration opens
Speaker 1: the door to lifting some tariffs, and Goldman Sachs sees
Speaker 1: a narrow path to a soft landing. Five things you
Speaker 1: need to know to start your day Coming up on
Speaker 1: Bloomberg Daybreak and Bloomberg Daybreak is brought to you by
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Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York,
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Speaker 1: team and around the globe, the Bloomberg Business at and
Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak hits six
Speaker 1: thirty on Wall Street. Good morning, I'm Nathan Hagar and
Speaker 1: I'm Karen Moscow. We're just about three hours away from
Speaker 1: the open of US trading. Time for the five things
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Speaker 1: We're seeing a lift in markets to begin a new
Speaker 1: trading week, with a boost from Asia. Beijing is reopening
Speaker 1: further from its COVID restrictions, raising stocks in China. Japanese
Speaker 1: equities are raised earlier losses, and Tex shares rose in
Speaker 1: Hong Kong now also on the rise. This morning. Oil
Speaker 1: karen hovering about around a hundred twenty dollars of barrel.
Speaker 1: This comes to Saudi Arabia, signals confidence in demand for oil.
Speaker 1: The kingdom raised prices more than expected for Asian customers.
Speaker 1: Checking prices now, Nimex cruds up seven tenths per center
Speaker 1: eighty two cents at a hundred nineteen sixty nine cents
Speaker 1: of barrel brent is up seven tenths per cent at
Speaker 1: a hundred twenty dollars fifty three cents. And turning to
Speaker 1: Washington Now, Nathan President Biden's Commerce chief Gina Raimondo says
Speaker 1: the administration is not willing to lift all tariffs on
Speaker 1: imported steel and aluminum right now. We've decided to keep
Speaker 1: some of those tariffs because we need to protect American
Speaker 1: workers and we need to protect our steel industry. That's
Speaker 1: a matter of national security. Commerce Secretary Genna Romando told
Speaker 1: CNN over the weekend that lifting tariffs on other household
Speaker 1: goods may make sense to help ease rising prices, well
Speaker 1: as the Fed AIMCS price hikes. Karen Goldman Sachs says
Speaker 1: the U S economy remains on a narrow path to
Speaker 1: a soft landing. Let's get more on that live from
Speaker 1: Bloomberg's We Need a Young, Good Morning, rena Good Morning.
Speaker 1: Nathan Goldman says improving inflation numbers and other factors suggest
Speaker 1: that the Fed may be able to pull off its
Speaker 1: aggressive rate hip rate hike plan without tipping the country
Speaker 1: into a recession. Economists there's say sequential core inflation appears
Speaker 1: to be slowing and supply chain pressures are improving now,
Speaker 1: Goldman says. While the deterioration and indicators like the first
Speaker 1: quarter GDP suggests near term recession risk has increased, other
Speaker 1: measures show output is still expanding. Live in New York,
Speaker 1: I'm real need a you know, Bloomberg debreaks alright, Redy
Speaker 1: to thank you. At least a half a dozen central
Speaker 1: banks are expected to raise interest rates this week, and
Speaker 1: the European Central Bank is expected to announce it and
Speaker 1: to bond purchases and formally begin the countdown to an
Speaker 1: increase in borrowing costs In July and staying in Europe,
Speaker 1: Karen Boris Johnson will face the leadership vote in his
Speaker 1: ruling Conservative party that could remove him from office. And
Speaker 1: that's the five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers. Futures higher SNP futures
Speaker 1: have forty four points down, futures up two hundred and
Speaker 1: sixty six, NASTAG futures up a hundred eighty two Straight
Speaker 1: ahead your top local headlines. This is Bloomberg. Thanks here
Speaker 1: in six thirty three on Wall Street, sixty four degrees
Speaker 1: in Central Park, looking at our long delays on the
Speaker 1: inbound upper level of the George Washington Bridge with an
Speaker 1: accident there details coming up in traffic. First Michael Barr
Speaker 1: with what else is going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning Nathan. It
Speaker 1: has been a weekend of shootings in several states that
Speaker 1: have left about a dozen people dead. One shooting in
Speaker 1: Philadelphia left three dead and an other elevant injured. Philadelphia
Speaker 1: Police Commissioner Danielle Outlaw, these incidents have an exponential effect
Speaker 1: on our community, and it not only impacts the individual
Speaker 1: that's been directly victimized, but it victimizes their loved ones,
Speaker 1: their families, and their neighbors neighborhoods all over the world.
Speaker 1: Commissioner Outlaws. As a fight between two males led to
Speaker 1: the shootings, the suspect fled on foot. In Chattanooga, three
Speaker 1: people are dead after a shootout near a nightclub. Meanwhile,
Speaker 1: there are some reports that US senators are injuring towards
Speaker 1: some kind of compromise and movement on gun safety. Bloomberg's
Speaker 1: and Baxter reports a bipartisan group is working in Republican
Speaker 1: Pat Toomey says background checks are on the table, at
Speaker 1: least for commercial sales of firearms. There ought to be
Speaker 1: a background check, so sales at gun shows, sales that
Speaker 1: are advertised over the internet. Toomey has been working with
Speaker 1: Democrat Joe Manchin for years on this, and Toomey on
Speaker 1: CBS has heard here on Bloomberg says the outcome of
Speaker 1: these talks is still uncertain. We are still trying to
Speaker 1: figure out exactly what mechanism is going to enable us
Speaker 1: to get the votes that we would need. But he
Speaker 1: says closer this time in San Francisco, I'm at Baxter
Speaker 1: Bloomberg gave break Primary elections in New Jersey and six
Speaker 1: other states tomorrow will set the stage for US House
Speaker 1: and Senate battles this fall. The New Jersey GOP primary
Speaker 1: has Tom Malinowski he wanted by fewer than two percentage
Speaker 1: points in and his district has become slightly more Republican
Speaker 1: since new congressional district lines were set last year. After
Speaker 1: North Korea test fired eight short range ballistic missile Sunday,
Speaker 1: the US launched to join exercise with South Korea and
Speaker 1: Japan to demonstrate their ability to quickly respond. Today, the
Speaker 1: US military conducted what it called a ballistic missile defense exercise,
Speaker 1: also firing eight missiles into the Sea of Japan. Four
Speaker 1: days of UK celebrations came to an end in London
Speaker 1: last night, commemorating the Queen seventy years on the throne.
Speaker 1: In the surprise, Queen Elizabeth stepped out on the palace
Speaker 1: balcony to the cheers of the Crown. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts,
Speaker 1: are more than a hundred twenty countries. Michael Barr, this
Speaker 1: is Bloomberg, Nathan, Michael, thanks almost six thirty six on
Speaker 1: Wall Street, John stash Hour because the Bloomberg Sports Update
Speaker 1: bags Nathan. Rangers went down to Tampa having won their
Speaker 1: last four playoff games six and the last seven. They
Speaker 1: had a lead in Game three, yet another power play
Speaker 1: goal for me because advantage ad and shortly after that
Speaker 1: Chris Pryder with a man advantage, but in the rebound
Speaker 1: of his advantage jet Shop at Tampa Bay Guy power
Speaker 1: play goals and Nikita Coop drops second proage Steven stamp
Speaker 1: coos in the third. The Lightning dominated the third period
Speaker 1: big edge and shots on goal. They won three two
Speaker 1: on Andre Polot goal off a nifty pass with coup
Speaker 1: drop only forty two seconds remaining. Rangers still lead the
Speaker 1: series to one game four tomorrow. NBA Finals now tied one.
Speaker 1: Golden State beat Boston one of seven to eighty eight,
Speaker 1: outscored the Celtics. Is the third quarter, thirty five and fourteen.
Speaker 1: Yankees going for a sweep for the homestand of back
Speaker 1: and fourth game with the Tigers tied four four tenth
Speaker 1: and he swung on their clothes keek left field. That's
Speaker 1: gonna win the game. Harold has go back and he
Speaker 1: made the catch on the winning track, tagging his judge.
Speaker 1: He's scores full game over. Yankees win an they've been
Speaker 1: doing a lot of that. A Yankee record of thirty
Speaker 1: nine and fifteen a third of the way through the season.
Speaker 1: That's the best in baseball at this point since two
Speaker 1: thousand one. Mets also won five four that was also
Speaker 1: intend and in after the Dodgers tied the game of
Speaker 1: two of the ninth on SETH Lugo J. D. Davis
Speaker 1: double on the tenth Mets Gata split of the four
Speaker 1: game series in l A. And now they moved down
Speaker 1: to San Diego. When Pete Sampras retired from tennis, not
Speaker 1: that long ago he had the record for most Grand
Speaker 1: Slams one He's now fourth with fourteen, and Raphael the
Speaker 1: Dallas won fourteen French Opens twenty two slams. It was
Speaker 1: fate sets of the impact. John Bloomberg, spoo, alright, John,
Speaker 1: thank you. It is six thirty seven on Wall straight timing.
Speaker 1: How to take a look at stocks, some of the
Speaker 1: names moving in the pre market. Bloomberg Radio and TV
Speaker 1: Markets correspondent Crety Gupta is with us this morning, and createy,
Speaker 1: what would the pre market be without taking a look
Speaker 1: at Tesla um not very exciting apparently, or not really
Speaker 1: a normal morning, I should say. Nevertheless, we are shielded
Speaker 1: from that possibility. Tesla shares of course up three point
Speaker 1: six percent. T s L as your taker, it's all
Speaker 1: about Elon Musk surprise surprise. Remember on Friday he did
Speaker 1: talk about perhaps having a super bad feeling about the economy,
Speaker 1: Reuter's reporting that there's an internal email in which he
Speaker 1: said that he is going to perhaps cut Tesla's task
Speaker 1: force by about ten percent, so a huge number. In
Speaker 1: addition to his quote super bad feeling about the economy,
Speaker 1: of course, we heard that similar sentiment from Jamie Diamond
Speaker 1: as well. That being said over the weekend, he did
Speaker 1: actually say, well, salaried workers um would actually potentially hold
Speaker 1: or their their jobs in terms of their pay, would
Speaker 1: it be flat? They would also perhaps increase headcount. So
Speaker 1: some mixed messages coming out of Tesla here in terms
Speaker 1: of what to actually expect and remember, in some ways,
Speaker 1: Tesla can be this macro bell weather. It can be
Speaker 1: this idea that this is kind of the e V transition.
Speaker 1: This is a company that has a lot of exposure
Speaker 1: not just to the United States naturally, but to China,
Speaker 1: to Berlin as well. So what happens with Tesla and
Speaker 1: its production numbers can actually be somewhat of a bell
Speaker 1: weather for COVID lockdowns or global growth as a whole.
Speaker 1: But also keep in mind, Nathan, it's a heavyweight in
Speaker 1: both the SMPI and the NASTICS, So what happens with
Speaker 1: Tesla can actually affect the entire benchmark, even if you're
Speaker 1: not actively investing in the specific stock itself. Nevertheless, this morning,
Speaker 1: simply that mixed message is a little bit of rebound
Speaker 1: coming from one of its worst days. And I think
Speaker 1: about a year on Friday, T s l A those
Speaker 1: shares are back up shy four percent. Of course, another
Speaker 1: big heavyweight in the indexes is Amazon. They just have
Speaker 1: that big stock split. What's Amazon doing right now? Well,
Speaker 1: A Zone shares are up, and this is no surprise
Speaker 1: here as we talk about you know, stock splits broadly.
Speaker 1: You saw this with Apple shares as well. Amazon though
Speaker 1: not up as much as you would think, only up
Speaker 1: six tenths of one percent, but still higher on the
Speaker 1: day A m Z and it's your taker. And remember
Speaker 1: you need tech on your side to see a little
Speaker 1: bit of a rebound, so to see Tesla up, to
Speaker 1: see Amazon up. Right off the bat, you've got two
Speaker 1: of the big tech heavyweights up, which could actually explain
Speaker 1: why perhaps you're seeing UH futures come back up already
Speaker 1: in pre market trading. Another one to really keep in
Speaker 1: mind here, and I know we're only talking about American tech,
Speaker 1: but we should talk about Chinese tech as well. DD
Speaker 1: global soaring after report that Chinese regulators are about to
Speaker 1: conclude a probe into the company from restore it's apps
Speaker 1: to mobile stores as soon as this week. Of course,
Speaker 1: we know dd has had quite the wild ride in
Speaker 1: terms of delisting, in terms of kind of steaks taken
Speaker 1: by Chinese government, those shares up fifty in the pre market. Nathan,
Speaker 1: whoa big jump there, Bloomberg Radio TV Markets correspondent Creety Goopda,
Speaker 1: as always, thanks for keeping on top of what's happening
Speaker 1: under the hood in the premar market, and as we
Speaker 1: take a look at stocks as a whole, we do
Speaker 1: have futures moving higher, with SMP futures up forty three
Speaker 1: points down, futures up Tune at fifty nine, Nasdaq futures
Speaker 1: up a hundred eighty two points, and the tenure treasury
Speaker 1: yield two point nine five. Stay with us, you're listening
Speaker 1: to Bloomberg Daybreak Bloomberg eleven three oh. Weathers start in
Speaker 1: the week with sunshine and a high your eighty degrees today,
Speaker 1: upper seventies, partly sunny Tomorrow, Showers and storms likely Wednesday,
Speaker 1: with highs back in the upper seventies. Currently sixty four
Speaker 1: in Central Park, markets, headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape. He's a Bloomberg Business lash. Hi,
Speaker 1: I'm Cameron Moscow, and futures are higher this morning. We
Speaker 1: got to the first word breaking news dash for today's
Speaker 1: morning call, and here's Bill Maloney. A good morning, Okay,
Speaker 1: and good morning Karen. That's right. US features are in
Speaker 1: the green, helped by Beijing further easing COVID restrictions. Dof
Speaker 1: you just currently up two and fifty three points SUPs
Speaker 1: game forty four when as deck futures are up by seven,
Speaker 1: the US ten year old at two point nine five percent,
Speaker 1: Gold is up three, oils trading higher, and bitcoin is
Speaker 1: climbing by four point nine percent. Hong Kong roads two
Speaker 1: point seven percent overnight, while up markets are also in
Speaker 1: the green. This morning, back in the US and nothing
Speaker 1: to report on the economic front and in other news,
Speaker 1: d D is up fifty three percent free market on
Speaker 1: a Wall Street Journal report that China will conclude it's probe. Also,
Speaker 1: Amazon trade split adjusted today. Wrapping things up, Lula Lemon
Speaker 1: was raised to market perform ed Bernstein CrowdStrike race to
Speaker 1: avoid at Morgan Stanley and Spotify was raised to outfl
Speaker 1: form over at Raymond James Live from the First Breaking
Speaker 1: News descom Bill Maloney camera, all right, Bill, thank you
Speaker 1: and to hear live breaking news over a Bloomberg type
Speaker 1: squalk on your terminal, sc you a w U K
Speaker 1: and that's a Bloomber in business flash. Now here's Michael
Speaker 1: Barrow with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. A possible turning point
Speaker 1: on gun control. After a weekend of mass shootings, US
Speaker 1: lawmakers say they're more hopeful than ever that bipartisan negotiations
Speaker 1: will finally get somewhere. Boris Johnson could be ousked a
Speaker 1: tonight as Britain's Prime Minister. He is facing a no
Speaker 1: confidence vote in his Conservative party after revelations he broke
Speaker 1: COVID lockdown rules. The Warriors even the NBA Finals at
Speaker 1: the Game of Peace. After beating the Celtics Game three
Speaker 1: of the NHL East Final, the Rangers lost to the
Speaker 1: Lightning three two. In baseball, the Yankees and Mets one.
Speaker 1: The Red Sox beat the A's, the Orioles lost the
Speaker 1: Nationals and Giants won Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take, powered by
Speaker 1: more than twenty seven hundred journalist and analyst in more
Speaker 1: than a hundred twenty countries. I'm Michael barn This is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. Ted Cruise's anti
Speaker 1: gun elites aren't hiding behind walls than gates. I'm Justin Fox,
Speaker 1: a columnist for Bloomberg Opinion. The elites in society have
Speaker 1: the loudest megaphone when it comes to gun control. Senator
Speaker 1: Ted Cruz declared last month they live in gated neighborhoods
Speaker 1: and have private security. This seemed like a claim worth investigating,
Speaker 1: so I did, and well, I couldn't really figure out
Speaker 1: what the people who lived there think about gun control.
Speaker 1: I did learn the gated communities, along a bugaboo for
Speaker 1: the political left increasingly one for the right, aren't all
Speaker 1: they're cracked up to be. That is, they really were
Speaker 1: a growing phenomenon in the US in the nineteen eighties
Speaker 1: and nineteen nineties, but according to Census Bureau data, the
Speaker 1: boom is fizzled since most homeowners and gated communities make
Speaker 1: less than a hundred thousand dollars a year, and few
Speaker 1: of the nation's richest neighborhoods are enclosed by gates. I'm
Speaker 1: justin Fox. For more opinion, please go to Bloomberg dot com,
Speaker 1: Slash Opinion or O P I n go on the
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg Opinion
Speaker 1: commentaries can be and every weekday at this time and
Speaker 1: terminal customers can read more at O P I N
Speaker 1: go at A six fifty on Wall Street. Returned to
Speaker 1: news and science and technology now with the Bloomberg n
Speaker 1: j I T STEM Report. It is brought to you
Speaker 1: by New Jersey Institute of Technology, ranked top fifty national
Speaker 1: public university by US News and World Report and number
Speaker 1: fourteen in the nation on Money's Best Colleges List. Learn
Speaker 1: more at n j I T dot E d U
Speaker 1: and now Here's what's making news and science, Technology, engineering,
Speaker 1: and math. President Biden will take executive action to boost
Speaker 1: the U. S solar industry. Bloomberg News has learned. He'll
Speaker 1: invoke the Defense Production Act to provide support for American
Speaker 1: made solar panels. The President will also announce a two
Speaker 1: year hal to new solar tariffs that would allow domestic
Speaker 1: developers to continue using foreign made equipment while US manufacturing
Speaker 1: ramps up. China has launched a new three person mission
Speaker 1: to complete assembly work on its permanent orbiting space station.
Speaker 1: The launch was broadcast live on state television, indicating a
Speaker 1: rising level of confidence and the capabilities of the space program,
Speaker 1: which has been promoted as a sign of China's technological
Speaker 1: progress and global influence. And new analysis shows staff at
Speaker 1: major banks and some of the world's biggest technology giants
Speaker 1: are increasingly leaving for fintech startups. Bankers, engineers, data scientists,
Speaker 1: and sales staff from Wall Street, the City of London,
Speaker 1: and Silicon Valley are among those joining an exodus that
Speaker 1: picked up speed during the pandemic, according to data compiled
Speaker 1: by Rebellio Labs, a workplace intelligence company, and as the
Speaker 1: Bloomberg and j I T Stem Report. Nathan all Right, Karen,
Speaker 1: thanks rely from the Bloomberg Interactive Brokers Studios. Where it's
Speaker 1: coming up to six fifty two on Wall Street. I'm
Speaker 1: not to check what's going on in d C. Some
Speaker 1: of the top stories in our nation's capital include the
Speaker 1: Biden administration defending of the president's efforts to fight inflation,
Speaker 1: even with gas prices edging close to five dollars a
Speaker 1: gala nationwide, Transportation Secretary Pete Botaje tolls ABC's this week,
Speaker 1: it's up to the oil companies to increase supplying. It's
Speaker 1: been very striking right now to see these oil companies
Speaker 1: who have become almost ridiculously profitable, and you hear these
Speaker 1: oil executives on the record talking about how they're not
Speaker 1: going to increase production. Also making news. Bipartisan Senate talks
Speaker 1: on gun legislation continuing. Pennsylvania Republican pat to me as
Speaker 1: part of the conversations, we all agree that violent criminals
Speaker 1: and and deranged, dangerously mentally ill people shouldn't have firearms.
Speaker 1: So we need a mechanism to increase the likelihood that
Speaker 1: will identify such a person and prevent them from buying
Speaker 1: a gun legally anyway. And Senator to me was on
Speaker 1: CBSS Face the Nation and the House January six committees
Speaker 1: getting ready for prime time hearings this week. Democrat Adam
Speaker 1: Schiff hopes they make an impression on voters, the American people.
Speaker 1: I think no great deal already, there's a great deal
Speaker 1: they haven't seen, but perhaps most important is the public
Speaker 1: hasn't seen it woven together, how one thing led to another,
Speaker 1: how one line of effort to overturn the election led
Speaker 1: to another and ultimately led to terrible violence, the first
Speaker 1: non peaceful transfer of power in our history. Congressman Schiff
Speaker 1: was also on Face the Nation, which you can hear
Speaker 1: every Sunday right here on Bloomberg Radio along with ABC's
Speaker 1: This Week. Bloomberg Government reporter Emily Wilkins is with us
Speaker 1: now for more on all these stories. Emily, while we
Speaker 1: await those primetime hearings from the January six Committee, the
Speaker 1: focus and the Biden administration remains on tackling inflation, at
Speaker 1: least that's what we've been hearing over the last few
Speaker 1: weeks now. But there's some evidence of cracks in that
Speaker 1: United front from some reporting about a new book about
Speaker 1: Treasury Secretary Janet Yellen over the weekend. Tell us more. Yeah, So,
Speaker 1: Bloomberg News reported that a new book coming out of
Speaker 1: a called Empathy Economics by Owen Allman. It's all about
Speaker 1: Jenny Ellen, um but it says that she advocated for
Speaker 1: a smaller rescue plan to for COVID. Remember that was
Speaker 1: a one point nine trillion dollar package proposed by being
Speaker 1: a Biden administration just when Biden had gotten into office,
Speaker 1: and Democrats wound up passing that through UM. At the time,
Speaker 1: it was really held for kind of getting the country
Speaker 1: but helping the country gets back on its feet after COVID.
Speaker 1: But now it's being blamed in part for the rise
Speaker 1: in inflation, saying that that was overspending by the government.
Speaker 1: And this new book suggests that Jenny Yellen, his Treasury secretary,
Speaker 1: did have some initial concerns about that high cost um.
Speaker 1: And now that Jenny Yellen has come out and actually
Speaker 1: said that, you know that that wasn't accurate UM that
Speaker 1: you know, she fully supported the plan, and we did
Speaker 1: see her at the time go ahead and support it.
Speaker 1: But we also do know that there were some concerns
Speaker 1: among economists, most notably Larry Summers, as to exactly the
Speaker 1: overall price of the package UM. And so it's just
Speaker 1: coming out of time where you've already heard Jenny Yellen
Speaker 1: apologized last week UH saying that you know, she initially
Speaker 1: thought that inflation would be more transitory than it was,
Speaker 1: and that of course things like the war in Ukraine,
Speaker 1: additional variants of COVID really wound up changing calculation. Um.
Speaker 1: And she'll be in front of Congress this week also testifying.
Speaker 1: So definitely we'll be keeping an eye out there for
Speaker 1: how she handles questions on inflation. But right now, inflation
Speaker 1: is certainly I think, of of all the headaches that
Speaker 1: President Biden is dealing with, really one one of the
Speaker 1: top ones. Of course, another top headache is this ongoing
Speaker 1: surge in gun violence that's led to this debate in
Speaker 1: the Senate over what to do about it. We had
Speaker 1: another round of shootings over the weekend. Where does that
Speaker 1: debate stand right now? Emily, So this is gonna be
Speaker 1: a really interesting way for that debate anything, because this
Speaker 1: is kind of where the rubber meets the road. A
Speaker 1: lot of the discussions that were going on, particularly the
Speaker 1: bipartisan group headed by Chris Murphy and John Cornyn Democrat
Speaker 1: and a Republican. I mean, they've been meeting, but it's
Speaker 1: all been virtual. Now they're coming back to d C tonight. Um,
Speaker 1: they'll finally be in the same room again. They're going
Speaker 1: to continue to chat and you hear a lot of optimism.
Speaker 1: I mean, Chris Murphy said the group, Um, you know,
Speaker 1: it's closer than ever before on the package of gun measures. Um,
Speaker 1: you've heard think Pat to me in the clip that
Speaker 1: you played, you know, say that there are discussions under
Speaker 1: way and that they're close to any deals they've ever
Speaker 1: been before. But there's still huge questions whether they can
Speaker 1: actually come to an agreement and what that agreement would
Speaker 1: look like. I mean, Republicans say they don't want any
Speaker 1: sort of restrictions on on gun control. Um, that they
Speaker 1: want to focus on mental health and on school safety.
Speaker 1: And there really is a question is that going to
Speaker 1: be enough for Democrats who really want to see some
Speaker 1: action on this after several major mass shootings in the
Speaker 1: past month. Yeah, a lot to look forward to, a
Speaker 1: lot to keep an eye on as Congress gets back
Speaker 1: from its uh Spring recess. Emily Wilkins and Bloomberg Government,
Speaker 1: as always, thanks for keeping us updated on what's happening
Speaker 1: in the nation's capital. You can read much more about
Speaker 1: all these stories on Bloomberg dot com or on the
Speaker 1: Bloomberg terminal, And as a reminder, you can follow all
Speaker 1: the latest on Bloomberg Radio in Washington at Bloomberg and
Speaker 1: one oh five point seven fam h D two. Looking
Speaker 1: ahead to the market open uh China rolling back some
Speaker 1: more of its COVID restrictions looks to be giving a
Speaker 1: boost to equity investors. We've got SMP futures right now
Speaker 1: up forty four points, a gain of one point one percent.
Speaker 1: Down futures are higher by two hundred sixty three points,
Speaker 1: and NASDAC futures leading the games right now one and
Speaker 1: a half percent, up a hundred eighty seven points. Right now,
Speaker 1: the tenure Treasury is down four thirty seconds. The yield
Speaker 1: two point nine four percent on the benchmark tenure note.
Speaker 1: Yield on the two year two point six seven nime
Speaker 1: X screwed is up a half percent, or sixty three
Speaker 1: cents at a hundred nineteen dollars fifty cents of barrel.
Speaker 1: The euro right now one point zero seven two six
Speaker 1: against the dollar. Bloomberg Surveillance up next to Tom Keene,
Speaker 1: Jonathan Faroh, and Lisa brom Bolades for Karen Moscow. I'm
Speaker 1: Nathan Hagar. This is Bloomberg