1 00:00:03,640 --> 00:00:06,840 Speaker 1: Live from the Bloomberg Interactive Burger Studios. Is this Bloomberg 2 00:00:06,920 --> 00:00:10,440 Speaker 1: day Break for Frinday, July twenty second two Coming up 3 00:00:10,440 --> 00:00:13,520 Speaker 1: this hour, the January sixth Committee makes the case that 4 00:00:13,600 --> 00:00:16,960 Speaker 1: Donald Trump fueled the violence at the Capitol. President Biden 5 00:00:17,000 --> 00:00:21,040 Speaker 1: said he's doing well after contracting COVID, snap shares plunge 6 00:00:21,079 --> 00:00:25,680 Speaker 1: after a huge earnings disappointment, and Twitter, American Express and Verizon. 7 00:00:25,760 --> 00:00:29,680 Speaker 1: I'll report this morning, Okay, Sapolio reported to New York 8 00:00:29,800 --> 00:00:32,839 Speaker 1: and Congressman Lee Zelden attacked as a campaigns for governor. 9 00:00:33,000 --> 00:00:36,800 Speaker 1: I'm John Tucker. Those stories straight ahead. I'm John Stashow Sports. 10 00:00:36,800 --> 00:00:39,800 Speaker 1: The Yankees continued to struggle against the Astros, who had 11 00:00:39,840 --> 00:00:45,640 Speaker 1: a doubleheader sweep in. Used to that's all strained ahead 12 00:00:45,680 --> 00:00:49,240 Speaker 1: on Bloomberg day Break on Bloomberg eleven Free on New York, 13 00:00:49,440 --> 00:00:54,120 Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, 14 00:00:54,400 --> 00:00:59,120 Speaker 1: Bloomberg nine sixties and Francisco Sirius XM one nineteen and 15 00:00:59,200 --> 00:01:02,320 Speaker 1: around the world, then Bloomberg Radio dot Com and via 16 00:01:02,360 --> 00:01:09,400 Speaker 1: the Bloomberg Business app. Good morning, I'm Nathan Hagar, and 17 00:01:09,400 --> 00:01:12,840 Speaker 1: I'm Karen Moscow and Ustock Index futures are moving lower 18 00:01:12,880 --> 00:01:15,040 Speaker 1: this morning. We are coming up to five oh one 19 00:01:15,120 --> 00:01:17,280 Speaker 1: on Wall Street, and we checked the markets every fifteen 20 00:01:17,280 --> 00:01:19,880 Speaker 1: minutes throughout the trading day on Bloomberg. Right now, US 21 00:01:19,920 --> 00:01:22,759 Speaker 1: and P futures are down about twelve points down, Future 22 00:01:22,800 --> 00:01:25,679 Speaker 1: is down thirteen, nasdack futures down sixty nine, and the 23 00:01:25,720 --> 00:01:28,520 Speaker 1: ten year treasury up eighteen thirty seconds yield two point 24 00:01:28,560 --> 00:01:31,240 Speaker 1: eight zero percent. They yield on the two year three 25 00:01:31,280 --> 00:01:34,200 Speaker 1: point oh five percent, and nine X screwed oil is 26 00:01:34,280 --> 00:01:37,200 Speaker 1: up four ten s percent. Nathan Karen, we begin with 27 00:01:37,360 --> 00:01:40,680 Speaker 1: last night's primetime hearing of the House January sixth Committee. 28 00:01:40,800 --> 00:01:43,720 Speaker 1: The panel laid out evidence that former President Donald Trump 29 00:01:43,760 --> 00:01:46,880 Speaker 1: ignored please from AIDS, members of Congress, and even his 30 00:01:46,959 --> 00:01:49,520 Speaker 1: own family to call off the violence at the Capitol. 31 00:01:49,800 --> 00:01:53,080 Speaker 1: Former Deputy White House Press Secretary Sarah Matthews testified that 32 00:01:53,120 --> 00:01:56,200 Speaker 1: the President could have intervened at any time. There's a 33 00:01:56,280 --> 00:01:59,000 Speaker 1: camera that is on in there at all times, and 34 00:01:59,040 --> 00:02:01,800 Speaker 1: so if the President had wanted to make a statement 35 00:02:02,320 --> 00:02:05,120 Speaker 1: um and address the American people, he could have been 36 00:02:05,280 --> 00:02:08,840 Speaker 1: on camera almost instantly. Former White House age Sarah Matthews 37 00:02:08,880 --> 00:02:12,000 Speaker 1: Committee member Adam Kinzinger says the former president didn't just 38 00:02:12,120 --> 00:02:15,480 Speaker 1: fail to act on January six, he chose not to act. 39 00:02:15,800 --> 00:02:18,400 Speaker 1: It was only once the Vice president and the members 40 00:02:18,440 --> 00:02:22,360 Speaker 1: of Congress were in secure locations and the officers defending 41 00:02:22,400 --> 00:02:26,239 Speaker 1: the capital began to turn the tide that then President 42 00:02:26,240 --> 00:02:29,560 Speaker 1: Trump engaged in the political theater of telling the mob 43 00:02:29,639 --> 00:02:32,800 Speaker 1: to go home. Republican Congressman Adam Kinsinger. This was the 44 00:02:32,800 --> 00:02:35,600 Speaker 1: committee's eighth public hearing, but it won't be the last. 45 00:02:35,760 --> 00:02:38,560 Speaker 1: Vice Chair Liz Cheney says more evidence is coming in 46 00:02:38,680 --> 00:02:42,320 Speaker 1: and more live hearings will be held in September. And Nathan, 47 00:02:42,360 --> 00:02:45,160 Speaker 1: we stay in Washington now in another major story centered 48 00:02:45,160 --> 00:02:47,480 Speaker 1: on the White House, we're learning more about the condition 49 00:02:47,520 --> 00:02:50,880 Speaker 1: of President Biden afterward that he's tested positive for COVID. 50 00:02:51,200 --> 00:02:53,480 Speaker 1: So far, the White House says the President is fine, 51 00:02:53,520 --> 00:02:57,320 Speaker 1: and we get more from Bloomberg's aid Baxter. President Biden says, 52 00:02:57,360 --> 00:02:59,960 Speaker 1: symptoms are mild, doing well. We had a lot of work. 53 00:03:00,200 --> 00:03:02,400 Speaker 1: I'm going to continue to get it done. And White 54 00:03:02,400 --> 00:03:04,639 Speaker 1: House spokes and when Karen and Jean Pierre, he told 55 00:03:04,680 --> 00:03:08,440 Speaker 1: us this morning, had a running nose, he had a 56 00:03:08,560 --> 00:03:12,800 Speaker 1: dry cough, um, he was a little bit fatigued. Uh, 57 00:03:12,919 --> 00:03:15,680 Speaker 1: he did say he had restless sleep. He is unpacked 58 00:03:15,720 --> 00:03:18,160 Speaker 1: ALVID now, the White House COVID A response team leader 59 00:03:18,240 --> 00:03:21,320 Speaker 1: dr Ashis Jaw took the occasion to remind people that 60 00:03:21,440 --> 00:03:24,400 Speaker 1: Mr Biden had been double vaxed and double boosted, which 61 00:03:24,440 --> 00:03:27,560 Speaker 1: is why his symptoms appear to be mild. In San Francisco, 62 00:03:27,600 --> 00:03:30,160 Speaker 1: I'm at Baxter Bloomberg Daybreak. Alright, thank you, and we're 63 00:03:30,200 --> 00:03:32,560 Speaker 1: seeing the White House shift the narrative on COVID from 64 00:03:32,600 --> 00:03:36,840 Speaker 1: a health scare to something most vaccinated Americans can recover from. 65 00:03:36,920 --> 00:03:40,000 Speaker 1: Chris Meekins is a healthcare policy analyst and managing director 66 00:03:40,000 --> 00:03:43,200 Speaker 1: at Raymond James. Someone who is approaching eight, as the 67 00:03:43,240 --> 00:03:46,360 Speaker 1: President is, would normally be at a much higher risk 68 00:03:46,480 --> 00:03:49,480 Speaker 1: cutting up in Boo stood twice and now taking the 69 00:03:49,520 --> 00:03:54,560 Speaker 1: treatment that the government successfully made investments. Chris Meekins that 70 00:03:54,680 --> 00:03:57,520 Speaker 1: Raymond James spoke with our Washington correspondent Joe Matthew on 71 00:03:57,560 --> 00:04:00,080 Speaker 1: Bloomberg Sound On. You can catch the program weekdays that 72 00:04:00,240 --> 00:04:03,880 Speaker 1: five pm Eastern on Bloomberg Radio. Well Nathan Chinese Media 73 00:04:03,960 --> 00:04:06,640 Speaker 1: reports at President Shei Jan Peng has sent a message 74 00:04:06,680 --> 00:04:10,120 Speaker 1: to President Biden wishing him a quick recovery from COVID. Meantime, 75 00:04:10,160 --> 00:04:13,880 Speaker 1: the President joins a rising national wave of infections dominated 76 00:04:13,880 --> 00:04:15,960 Speaker 1: by a fast spreading new variant, and we get the 77 00:04:16,040 --> 00:04:18,840 Speaker 1: latest line from Bloomberg's rand A Young, Good morning, Ranida, 78 00:04:18,880 --> 00:04:21,640 Speaker 1: Good morning Karen. This new variant, known as B A 79 00:04:21,760 --> 00:04:25,919 Speaker 1: point five, easily evades immune defenses, and COVID infections have 80 00:04:26,000 --> 00:04:28,520 Speaker 1: been on the rise in the US. More than one 81 00:04:28,960 --> 00:04:32,760 Speaker 1: seventy thousand new cases were reported on July nine. That's 82 00:04:32,800 --> 00:04:36,080 Speaker 1: more than six times higher than the level reported in April. 83 00:04:36,520 --> 00:04:39,680 Speaker 1: Los Angeles is seeing so many positive cases that it's 84 00:04:39,720 --> 00:04:42,920 Speaker 1: likely to bring back indoor mask mandates next week. In 85 00:04:43,000 --> 00:04:46,719 Speaker 1: San Francisco, virus levels in waste water have climbed higher 86 00:04:46,760 --> 00:04:50,280 Speaker 1: than this past winter, but although the hospitalization rate has 87 00:04:50,320 --> 00:04:53,400 Speaker 1: also been inching up since April, it's still well below 88 00:04:53,440 --> 00:04:56,560 Speaker 1: previous peaks. Live in New York, I'm rened a Young 89 00:04:56,600 --> 00:04:59,200 Speaker 1: Bloomberg daybreak. All right, Nita, thank you. Let's turn to 90 00:04:59,240 --> 00:05:01,960 Speaker 1: the markets now. Futures are moving lower this morning, led 91 00:05:01,960 --> 00:05:05,599 Speaker 1: by the NASDAC. This follows a disappointing earnings from Snap 92 00:05:05,800 --> 00:05:09,560 Speaker 1: That stock is down nearly twenty nine percent in early trading. 93 00:05:09,839 --> 00:05:12,360 Speaker 1: We get more from Bloomberg stud Prisoner blame a major 94 00:05:12,400 --> 00:05:15,440 Speaker 1: slowdown in ad spending. The maker of the Snapchat app 95 00:05:15,520 --> 00:05:19,560 Speaker 1: reported second quarter revenue of one point one one billion dollars. 96 00:05:19,600 --> 00:05:21,840 Speaker 1: That is the weakest top line number for Snap as 97 00:05:21,839 --> 00:05:26,080 Speaker 1: a public company, and it missed estimates by forty million dollars. Now. 98 00:05:26,120 --> 00:05:28,360 Speaker 1: In terms of the bottom line, Snap posted a net 99 00:05:28,400 --> 00:05:31,479 Speaker 1: loss of four D twenty two million. That was eighty 100 00:05:31,560 --> 00:05:35,200 Speaker 1: nine million more than estimates. Now given an uncertain outlook, 101 00:05:35,240 --> 00:05:37,839 Speaker 1: snapped in an issue guidance for the current quarter except 102 00:05:37,880 --> 00:05:40,520 Speaker 1: to say so far, revenue is about flat compared to 103 00:05:40,600 --> 00:05:43,599 Speaker 1: last year. In New York Time, Duck Prisoner Bloomberg day break, 104 00:05:43,760 --> 00:05:46,239 Speaker 1: All right, thank you about the Snap disappointment is taking 105 00:05:46,240 --> 00:05:48,919 Speaker 1: its toll on other social media stocks. In fact, about 106 00:05:48,920 --> 00:05:51,760 Speaker 1: forty seven billion dollars has been wiped out this morning. 107 00:05:51,839 --> 00:05:55,080 Speaker 1: Facebook parent Meta Platforms is down four point six percent. 108 00:05:55,400 --> 00:05:58,440 Speaker 1: Google owner Alphabet is falling by two and a half percent, 109 00:05:59,240 --> 00:06:02,200 Speaker 1: and the earnings continued to roll in today. Karen down members, 110 00:06:02,240 --> 00:06:06,000 Speaker 1: American Express and Verizon report this morning. Bloomberg's Jeff Bellinger 111 00:06:06,040 --> 00:06:09,800 Speaker 1: reports Twitter opens its books before the markets open. Twitter 112 00:06:09,920 --> 00:06:14,000 Speaker 1: executives have not scheduled the customary post earnings conference call 113 00:06:14,080 --> 00:06:17,200 Speaker 1: with analysts and reporters that will add importance to the 114 00:06:17,200 --> 00:06:21,040 Speaker 1: company's news release. The social media platform will no doubt 115 00:06:21,040 --> 00:06:23,600 Speaker 1: have something to say about its legal effort to force 116 00:06:23,600 --> 00:06:26,920 Speaker 1: Eelon Mosk to honor his forty four billion dollar agreement 117 00:06:26,960 --> 00:06:29,640 Speaker 1: to buy Twitter. It will also want to drive home 118 00:06:29,680 --> 00:06:32,599 Speaker 1: the point that the company remains engaged with its users 119 00:06:32,680 --> 00:06:36,960 Speaker 1: and committed to growth. Jeff Bellinger, Bloomberg Daybreak, A right, Jeff, 120 00:06:36,960 --> 00:06:39,360 Speaker 1: thank you well. Over the past week, we've seen firms 121 00:06:39,360 --> 00:06:42,640 Speaker 1: from big tech to big banks pull back on hiring plans, 122 00:06:42,640 --> 00:06:45,000 Speaker 1: but it looks like Bank of America is bucking that trend. 123 00:06:45,360 --> 00:06:48,600 Speaker 1: CEO Brian moynihan tells us he is keeping original hiring 124 00:06:48,600 --> 00:06:51,040 Speaker 1: plans in place. We don't have any plans to make 125 00:06:51,080 --> 00:06:54,120 Speaker 1: any major adjustments because, frankly, we have those plans to 126 00:06:54,120 --> 00:06:56,880 Speaker 1: adjust our head count at all times. It's a constant 127 00:06:56,880 --> 00:06:59,760 Speaker 1: planning process in our companies. How do we use the 128 00:07:00,640 --> 00:07:03,600 Speaker 1: human capital that that great team we have even more 129 00:07:04,080 --> 00:07:07,760 Speaker 1: effectively and efficiently. Bank of America CEO Brian moynahan also 130 00:07:07,800 --> 00:07:11,040 Speaker 1: tells Our David Weston that he does not think inflation 131 00:07:11,160 --> 00:07:14,240 Speaker 1: has peaked yet and as straight ahead. We have your 132 00:07:14,320 --> 00:07:17,880 Speaker 1: latest local headlines, plus the check of sports, and this 133 00:07:18,080 --> 00:07:25,000 Speaker 1: is Bloomberg. Thanks Karen. Five oh seven on Wall Street. 134 00:07:25,040 --> 00:07:27,400 Speaker 1: Eighty degrees in Central Park with the heat advisory and 135 00:07:27,400 --> 00:07:31,160 Speaker 1: effect through the weekend. Big problems headed to JFK this morning. 136 00:07:31,160 --> 00:07:35,160 Speaker 1: The eastbound Belt parkways closed in two locations. Say more 137 00:07:35,160 --> 00:07:37,440 Speaker 1: in traffic. First John Tucker with more on what's going 138 00:07:37,440 --> 00:07:39,400 Speaker 1: on in New York and around the world Morning, John 139 00:07:39,560 --> 00:07:42,480 Speaker 1: and Nathan. New York health officials have reported a polio 140 00:07:42,600 --> 00:07:45,280 Speaker 1: case for the first time in the US in nearly 141 00:07:45,320 --> 00:07:48,440 Speaker 1: a decade. The story this morning from Bloomberg's Charlie Bellett. 142 00:07:48,680 --> 00:07:52,920 Speaker 1: Officials haven't offered details on who the Rockland County resident is, 143 00:07:53,040 --> 00:07:57,400 Speaker 1: whether the person was vaccinated, or their current condition. State 144 00:07:57,440 --> 00:08:00,400 Speaker 1: officials say it appears the person had a vack scene 145 00:08:00,440 --> 00:08:04,160 Speaker 1: derived strain of the virus, perhaps from someone who got 146 00:08:04,360 --> 00:08:07,880 Speaker 1: live vaccine available in other countries but not the US 147 00:08:07,920 --> 00:08:11,400 Speaker 1: and spread it. Polio was once one of the nation's 148 00:08:11,440 --> 00:08:16,160 Speaker 1: most feared diseases, with annual outbreaks causing thousands of cases 149 00:08:16,200 --> 00:08:20,720 Speaker 1: of paralysis, many of them in children. In New York. 150 00:08:20,800 --> 00:08:24,360 Speaker 1: Charlie Pellett Bloomberg Debreak, the Republican hoping to unseat New 151 00:08:24,440 --> 00:08:27,360 Speaker 1: York's governor this fall, was rushed and grabbed while on 152 00:08:27,440 --> 00:08:31,120 Speaker 1: stage last night by an armed man. Congressman Lee Zelden 153 00:08:31,200 --> 00:08:33,439 Speaker 1: was in the middle of a campaign speech in Fairport. 154 00:08:33,760 --> 00:08:36,640 Speaker 1: State assembly Member Marjorie Burns was there. She says the 155 00:08:36,640 --> 00:08:40,840 Speaker 1: man grabbed Zelden and they both went down. He was 156 00:08:41,040 --> 00:08:44,920 Speaker 1: armed with metal knuckles, and the metal knuckles had attached 157 00:08:45,000 --> 00:08:50,160 Speaker 1: to it knives that were shaped like cat's ears. Zeldon 158 00:08:50,280 --> 00:08:54,160 Speaker 1: wasn't seriously hurt and later continued his onstage speech. A 159 00:08:54,240 --> 00:08:57,040 Speaker 1: third party auditor will reveal the New York State government's 160 00:08:57,080 --> 00:09:01,199 Speaker 1: response to COVID nineteen, including efforts the administration of former 161 00:09:01,240 --> 00:09:04,360 Speaker 1: Governor Andrew Cuombo to downplay the number of deaths of 162 00:09:04,440 --> 00:09:08,120 Speaker 1: nursing home residents. Critics have said the current governor, Kathy Hoko, 163 00:09:08,200 --> 00:09:12,080 Speaker 1: waited too long to launch the probe. Two teams fooling 164 00:09:12,080 --> 00:09:15,080 Speaker 1: around of the water pretending to be sharks got a 165 00:09:15,080 --> 00:09:17,920 Speaker 1: painful dose of the real thing. On Long Island, sixteen 166 00:09:17,960 --> 00:09:20,320 Speaker 1: year old Max Haanes was bitten on the foot Wednesday 167 00:09:20,400 --> 00:09:23,720 Speaker 1: evening on Fire Island. I just started paddling in. I 168 00:09:23,840 --> 00:09:28,120 Speaker 1: was like, James, you better follow me. He's one of 169 00:09:28,320 --> 00:09:31,320 Speaker 1: reported six people bitten by sharks in the area over 170 00:09:31,360 --> 00:09:34,679 Speaker 1: the past three weeks. He's expanded to be okay now 171 00:09:34,679 --> 00:09:37,200 Speaker 1: that you on Secretary Channel do to oversee the signing 172 00:09:37,360 --> 00:09:40,120 Speaker 1: a deal that would allow Ukraine to resume its grain 173 00:09:40,200 --> 00:09:42,880 Speaker 1: shipments to the Black Sea in Russia to export grain 174 00:09:42,920 --> 00:09:46,360 Speaker 1: and fertilizers. The agreement expanted to be signed today would 175 00:09:46,360 --> 00:09:50,240 Speaker 1: have to standoff that has threatened world food security. Global 176 00:09:50,280 --> 00:09:52,880 Speaker 1: News twenty four hours a day on air and Bloomberg 177 00:09:52,920 --> 00:09:55,760 Speaker 1: Quick Day, powered by more than twenty seven journalists and 178 00:09:55,800 --> 00:09:59,280 Speaker 1: analysts and more than one twenty countries. I'm John Tucker, 179 00:09:59,400 --> 00:10:06,839 Speaker 1: theseis Berg Nason. Thank you John. Coming up to five 180 00:10:06,880 --> 00:10:09,240 Speaker 1: ten on Wall Street time for the Bloomberg Sports Update. 181 00:10:09,320 --> 00:10:13,200 Speaker 1: Good morning, John Sash. The only way of the Yankees 182 00:10:13,200 --> 00:10:15,160 Speaker 1: will see the Houston Astros again this season is if 183 00:10:15,200 --> 00:10:18,160 Speaker 1: they both make it to the American League Championship Series. 184 00:10:18,200 --> 00:10:20,240 Speaker 1: The two teams far and away the two best in 185 00:10:20,280 --> 00:10:21,720 Speaker 1: the a L, and while the Yanks still have the 186 00:10:21,720 --> 00:10:24,080 Speaker 1: better record, it's now by only two and a half games. 187 00:10:24,080 --> 00:10:27,439 Speaker 1: In The Astros dominated the regular season series. They went 188 00:10:27,480 --> 00:10:29,360 Speaker 1: five and two that included a no hitter in the 189 00:10:29,360 --> 00:10:32,520 Speaker 1: Bronx and the two Yankee wins. They're only leads where 190 00:10:32,520 --> 00:10:34,760 Speaker 1: when they walked the games off double Letter and Houston. 191 00:10:34,840 --> 00:10:37,400 Speaker 1: The opener was the close one Yanks trail to one. 192 00:10:37,480 --> 00:10:39,320 Speaker 1: With two outs of the ninth inning, they sent up 193 00:10:39,640 --> 00:10:42,240 Speaker 1: I k f As a pinch hitter. The O one 194 00:10:42,360 --> 00:10:49,360 Speaker 1: from Nerris grounded to the left side back casings Field 195 00:10:49,520 --> 00:10:55,920 Speaker 1: picks coming home. He will store Piner whoever comes through 196 00:10:56,440 --> 00:10:59,160 Speaker 1: to tie this game at two in the Cup with 197 00:10:59,200 --> 00:11:01,120 Speaker 1: the Astros score but two outs to the bottom the 198 00:11:01,200 --> 00:11:03,319 Speaker 1: ninth to win three two. Then they took the nightcap 199 00:11:03,440 --> 00:11:05,439 Speaker 1: seven five, only that close because of an oar and 200 00:11:05,520 --> 00:11:07,920 Speaker 1: Judge three run homer. The ninth is thirty four. The 201 00:11:08,080 --> 00:11:11,160 Speaker 1: Yankees team batting average in the seven games versus the 202 00:11:11,160 --> 00:11:14,440 Speaker 1: Astros one fifty one met sos. The Padres to night 203 00:11:14,520 --> 00:11:17,520 Speaker 1: Max Schers are opposing you Darvish and fort st Lucy 204 00:11:17,600 --> 00:11:21,480 Speaker 1: Jacob You grown through five innings sixty pitches a simulated game, 205 00:11:21,520 --> 00:11:23,880 Speaker 1: but still no word on when he'll make his Mets 206 00:11:24,040 --> 00:11:26,640 Speaker 1: season debut. This report that Scott Boris, the agent to 207 00:11:26,720 --> 00:11:29,600 Speaker 1: Wan Soto, has told teams that the team Soto wants 208 00:11:29,640 --> 00:11:32,800 Speaker 1: to be traded to the Mets whether Washington agrees would 209 00:11:32,800 --> 00:11:35,000 Speaker 1: be willing to trade him to a division foe could 210 00:11:35,040 --> 00:11:37,080 Speaker 1: be another Matters training camp gets set to begin. The 211 00:11:37,080 --> 00:11:40,000 Speaker 1: Arizona Cardinals have a deal with start quarterback Kyler Murray 212 00:11:40,040 --> 00:11:43,520 Speaker 1: five years, two hundred and thirty million dollars. John Stashward, 213 00:11:43,520 --> 00:11:47,240 Speaker 1: Bloomberg Sports, Nathan Thanks, John SMP futures down nine point 214 00:11:47,280 --> 00:11:51,480 Speaker 1: staff futures up three NASTAC futures are down sixty four 215 00:11:51,520 --> 00:11:54,520 Speaker 1: points ten. Your treasury is up eighteen thirty seconds. Deal 216 00:11:54,559 --> 00:11:56,760 Speaker 1: two point eight zero percent yield on the two year 217 00:11:56,840 --> 00:12:00,880 Speaker 1: right now three point zero four per cent. You're listening 218 00:12:00,920 --> 00:12:08,520 Speaker 1: to Bloomberg Day Break Bloomberg eleven three O Weather, the 219 00:12:08,559 --> 00:12:11,360 Speaker 1: Heat Advisory and Effect till eight p m. Sunday. Low 220 00:12:11,480 --> 00:12:15,320 Speaker 1: nineties today, mid nineties tomorrow, could hit a hundred by Sunday. 221 00:12:15,440 --> 00:12:19,240 Speaker 1: We finally get a break on Tuesday. Right now eighty degrees. 222 00:12:22,080 --> 00:12:25,480 Speaker 1: Markets headlines and breaking news twenty four hours a day 223 00:12:25,600 --> 00:12:28,560 Speaker 1: at Bloomberg dot Com, the Bloomberg Business Out and at 224 00:12:28,600 --> 00:12:38,520 Speaker 1: Bloomberg Quicktape. He's a Bloomberg Business Flash, and I'm Karen 225 00:12:38,600 --> 00:12:42,200 Speaker 1: Moscow and European as stocks swinging to gains from losses, 226 00:12:42,280 --> 00:12:45,199 Speaker 1: joining a global equity rebound as investors look to second 227 00:12:45,240 --> 00:12:47,760 Speaker 1: quarter earning season to gauge how companies are weathering the 228 00:12:47,760 --> 00:12:51,080 Speaker 1: impact of surging prices. Fonds in the dollar rising, SNP 229 00:12:51,280 --> 00:12:53,720 Speaker 1: futures are lower. We checked the markets every fifteen minutes 230 00:12:53,720 --> 00:12:55,959 Speaker 1: throughout the trading day on Bloomberg. Right now, S and 231 00:12:56,000 --> 00:12:59,240 Speaker 1: P futures are down seven points. Now futures are a 232 00:12:59,240 --> 00:13:02,440 Speaker 1: little changed, and nasday future is down fifties six. The 233 00:13:02,520 --> 00:13:05,240 Speaker 1: decks in Germany's up half percent. The ten year treasury 234 00:13:05,240 --> 00:13:07,960 Speaker 1: of nineteen thirty seconds held two point eight zero percent. 235 00:13:08,000 --> 00:13:11,120 Speaker 1: They yield on the two year three point zero four percent. 236 00:13:11,559 --> 00:13:13,920 Speaker 1: Nine X Screwed oil is little changed at ninety six 237 00:13:13,920 --> 00:13:16,480 Speaker 1: dollars thirty nine cents of barrel. Comic school that a 238 00:13:16,559 --> 00:13:19,280 Speaker 1: quarter percent or four dollars fifty cents is seventeen thirty 239 00:13:19,320 --> 00:13:22,480 Speaker 1: five eighty announce. The euro one point zero one five 240 00:13:22,559 --> 00:13:24,880 Speaker 1: seven against the dollar British bound one point one nine 241 00:13:25,080 --> 00:13:27,679 Speaker 1: five nine, and the yen is at one thirty seven 242 00:13:27,720 --> 00:13:30,600 Speaker 1: point four to and Bitcoin this morning is higher, up 243 00:13:30,600 --> 00:13:33,520 Speaker 1: one point four percent at twenty three pound four hundred 244 00:13:33,559 --> 00:13:35,960 Speaker 1: forty eight dollars. And today we get earnings from companies 245 00:13:35,960 --> 00:13:39,640 Speaker 1: including American Express and Twitter. That's a Bloomberg business flash. 246 00:13:39,679 --> 00:13:42,120 Speaker 1: Now here's John Tucker with more unless going on around 247 00:13:42,120 --> 00:13:44,240 Speaker 1: the world. John, good Morning and Care of the House. 248 00:13:44,320 --> 00:13:47,240 Speaker 1: January six Committee laid down the nearly minute by minute 249 00:13:47,240 --> 00:13:50,520 Speaker 1: case last night that former President Trump allowed the violence 250 00:13:50,559 --> 00:13:53,760 Speaker 1: of the capital to unfold despite place from his closest 251 00:13:53,760 --> 00:13:56,520 Speaker 1: inner circle to call it off and con see the election. 252 00:13:56,720 --> 00:13:59,839 Speaker 1: Here's Committee Vice Cheer Liz Cheney. Donald Trump made a 253 00:14:00,040 --> 00:14:05,320 Speaker 1: purposeful choice to violate his oath of office, to ignore 254 00:14:05,679 --> 00:14:11,400 Speaker 1: the ongoing violence against law enforcement, to threaten our constitutional order. 255 00:14:12,200 --> 00:14:16,120 Speaker 1: There is no way to excuse that behavior. It was indefensible. 256 00:14:16,320 --> 00:14:18,960 Speaker 1: Vice Cheer Cheney says there will be more public hearings 257 00:14:19,000 --> 00:14:22,800 Speaker 1: in September, with more evidence and witnesses still coming forward. 258 00:14:23,200 --> 00:14:26,600 Speaker 1: Sports Baseball back following the All Star Game, the Yankees 259 00:14:26,640 --> 00:14:29,440 Speaker 1: get swept by the Astros and a double header. They 260 00:14:29,800 --> 00:14:32,800 Speaker 1: split a twin bill with the Tigers. The Giants fall 261 00:14:32,920 --> 00:14:36,400 Speaker 1: to the Dodgers. Six Global News twenty four hours a 262 00:14:36,440 --> 00:14:39,160 Speaker 1: day on airund on Bloomberg Quicktake Power by more than 263 00:14:39,200 --> 00:14:42,280 Speaker 1: twenty seven hundred journalists and analysts. It more than one 264 00:14:42,720 --> 00:14:45,960 Speaker 1: and twenty countries. I'm John Tucker, This is Bloomberg. Nathan, 265 00:14:46,120 --> 00:14:48,240 Speaker 1: all right, John, thank you. It's five nineteen on Wall 266 00:14:48,280 --> 00:14:51,120 Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is 267 00:14:51,120 --> 00:14:53,760 Speaker 1: Bloomberg Daybreak and let's get more now. When we heard 268 00:14:53,840 --> 00:14:57,120 Speaker 1: last night from the January six Committee as second prime 269 00:14:57,200 --> 00:15:00,640 Speaker 1: time hearing, eighth overall, Joe Matthews with us this morning, 270 00:15:00,640 --> 00:15:05,000 Speaker 1: our Washington correspondent, host of Sound On here on Bloomberg Radio. Joe, 271 00:15:05,040 --> 00:15:08,120 Speaker 1: I think maybe one of the key takeaway lines, perhaps 272 00:15:08,160 --> 00:15:11,040 Speaker 1: from one of the committee members, was that former President 273 00:15:11,080 --> 00:15:15,720 Speaker 1: Trump not only failed to act, he chose not to act. Yeah. 274 00:15:15,760 --> 00:15:18,360 Speaker 1: That was Adam Kinsinger, one of the two Republicans along 275 00:15:18,360 --> 00:15:21,240 Speaker 1: with Liz Cheney, who we just heard on the panel, 276 00:15:21,320 --> 00:15:23,120 Speaker 1: and and he helped to walk us through what what 277 00:15:23,240 --> 00:15:26,400 Speaker 1: he described as the TikTok and that one eighty seven 278 00:15:26,400 --> 00:15:31,680 Speaker 1: minutes in which then President Donald Trump basically watched television. 279 00:15:31,720 --> 00:15:34,040 Speaker 1: As we understand, there was there was a gap in 280 00:15:34,040 --> 00:15:37,400 Speaker 1: in in exactly the recording of exactly what happened in 281 00:15:37,440 --> 00:15:39,600 Speaker 1: that three plus hours, and the President for the most 282 00:15:39,600 --> 00:15:43,240 Speaker 1: part was in the dining room just off the Oval 283 00:15:43,280 --> 00:15:47,480 Speaker 1: Office watching television. The White House photographer was not allowed 284 00:15:47,520 --> 00:15:49,800 Speaker 1: in the room. And he made a series of telephone 285 00:15:49,800 --> 00:15:52,800 Speaker 1: calls to individuals, including Rudy Giuliani, but none to law 286 00:15:52,880 --> 00:15:55,880 Speaker 1: enforcement to help quell the riot that was happening on 287 00:15:55,920 --> 00:15:58,360 Speaker 1: the other end of Pennsylvania Avenue. Yeah. Interesting that you 288 00:15:58,400 --> 00:16:03,440 Speaker 1: point out that the president didn't want potentially photographers in 289 00:16:03,480 --> 00:16:05,360 Speaker 1: the room with him, and of course there was a 290 00:16:05,400 --> 00:16:10,040 Speaker 1: lot of evidence that callogg's were pretty much empty. Uh 291 00:16:10,120 --> 00:16:13,880 Speaker 1: during that time. Almost sounds as though the January six 292 00:16:13,920 --> 00:16:17,200 Speaker 1: Committee is alluding to the possibility of a cover up 293 00:16:17,440 --> 00:16:19,560 Speaker 1: of what the President was doing that day. Well, whether 294 00:16:19,600 --> 00:16:21,280 Speaker 1: you want to use that word or not, that you're 295 00:16:21,320 --> 00:16:23,600 Speaker 1: you're going in the right direction here, Nathan. And we know, 296 00:16:23,680 --> 00:16:25,800 Speaker 1: of course that there are great concerns about what happened 297 00:16:25,800 --> 00:16:29,280 Speaker 1: to the communications among the Secret Service who we're working 298 00:16:29,280 --> 00:16:33,720 Speaker 1: that day. There's one text message left from that entire experience. Uh. 299 00:16:33,760 --> 00:16:35,920 Speaker 1: They're blaming this on a reboot of the phone system, 300 00:16:35,920 --> 00:16:37,640 Speaker 1: but of course there could be a lot more involved 301 00:16:37,640 --> 00:16:40,200 Speaker 1: in this. Is as Benny Thompson said last night, the 302 00:16:40,280 --> 00:16:43,720 Speaker 1: chair of this committee, the damn is breaking. They're hearing 303 00:16:43,760 --> 00:16:46,720 Speaker 1: from so many new witnesses and seeing so much evidence 304 00:16:46,720 --> 00:16:48,960 Speaker 1: at this point now with regard to what you're describing that. 305 00:16:49,000 --> 00:16:51,880 Speaker 1: I suspect we'll see more hearings as we get into September. Yeah, 306 00:16:51,880 --> 00:16:54,360 Speaker 1: as Liz Cheney said that we would see more hearings 307 00:16:54,400 --> 00:16:58,800 Speaker 1: in September. What further evidence could we get as this 308 00:16:59,000 --> 00:17:02,200 Speaker 1: summer rolls on? Here? Of course, we've got the contempt 309 00:17:02,200 --> 00:17:06,600 Speaker 1: of Congress hearing continuing with former why Trump advisor Steve 310 00:17:06,640 --> 00:17:09,480 Speaker 1: Bannon as well. That's true, and and there's UH the 311 00:17:09,520 --> 00:17:12,480 Speaker 1: matter of witness tampering. I actually thought we might hear 312 00:17:12,480 --> 00:17:15,720 Speaker 1: more about this last night, recalling the previous UH hearing 313 00:17:15,720 --> 00:17:19,439 Speaker 1: in which Liz Cheney made clear that Donald Trump attempted 314 00:17:19,480 --> 00:17:22,199 Speaker 1: to contact tried to call one of the witnesses that 315 00:17:22,280 --> 00:17:24,919 Speaker 1: the committee was in touch with. They forwarded that to 316 00:17:24,960 --> 00:17:29,720 Speaker 1: the Department of Justice UH with with real concerns that 317 00:17:29,800 --> 00:17:33,960 Speaker 1: this could in fact be a greater case involving witness 318 00:17:34,000 --> 00:17:36,959 Speaker 1: tampering along with sedition and some of the other charges 319 00:17:36,960 --> 00:17:38,560 Speaker 1: that we've heard about. But this is gonna be up 320 00:17:38,560 --> 00:17:41,080 Speaker 1: to Merrick Garland now. The Department of Justice, of course, 321 00:17:41,200 --> 00:17:44,040 Speaker 1: is conducting its own investigation, and we don't know, Nathan, 322 00:17:44,080 --> 00:17:46,199 Speaker 1: when we'll get a final report from the committee. This 323 00:17:46,280 --> 00:17:49,800 Speaker 1: idea of having further hearings with more evidence does kind 324 00:17:49,800 --> 00:17:51,920 Speaker 1: of throw the timeline up in the air here. If 325 00:17:51,960 --> 00:17:54,800 Speaker 1: Republicans win the majority in the House, as many expect 326 00:17:54,880 --> 00:17:57,960 Speaker 1: in November, they could they could simply liquidate if if 327 00:17:57,960 --> 00:18:01,040 Speaker 1: you will, dissolve this this amittee and then turn around 328 00:18:01,040 --> 00:18:05,040 Speaker 1: and investigate the investigators. And I raises the question, of course, 329 00:18:05,119 --> 00:18:08,280 Speaker 1: of whether this final report, if it does come out, 330 00:18:08,400 --> 00:18:11,680 Speaker 1: comes closer to the November election and a mid term. 331 00:18:11,840 --> 00:18:14,919 Speaker 1: Is there some thinking in the committee, Joe, that there's 332 00:18:14,960 --> 00:18:20,199 Speaker 1: a possibility that they want this January six conversation to 333 00:18:20,320 --> 00:18:23,000 Speaker 1: be part of the conversation that voters have with themselves 334 00:18:23,080 --> 00:18:24,960 Speaker 1: as they had to the polls. I'm sure the committee 335 00:18:24,960 --> 00:18:28,080 Speaker 1: members would yes, But there's also been concerned among Democrats 336 00:18:28,080 --> 00:18:30,560 Speaker 1: that this could be just reek of politics if it 337 00:18:30,600 --> 00:18:32,480 Speaker 1: gets too close to November, and they wanted this to 338 00:18:32,520 --> 00:18:34,760 Speaker 1: be wrapped up a little bit earlier so they could 339 00:18:34,760 --> 00:18:37,760 Speaker 1: then take that final report and talk about it as 340 00:18:37,800 --> 00:18:40,640 Speaker 1: opposed to this being an open case when the polls 341 00:18:40,720 --> 00:18:43,359 Speaker 1: are open. Uh if if you can think about it 342 00:18:43,400 --> 00:18:45,840 Speaker 1: that way. But look, we're going to get an interim report. 343 00:18:45,880 --> 00:18:48,320 Speaker 1: We have heard that much. That will likely come soon. 344 00:18:49,000 --> 00:18:51,560 Speaker 1: But then the can is still open here. We don't 345 00:18:51,560 --> 00:18:53,440 Speaker 1: know exactly where the committee is gonna be going or 346 00:18:53,480 --> 00:18:55,760 Speaker 1: the d O J as we head into November. Joe 347 00:18:55,800 --> 00:18:59,640 Speaker 1: Matthew are Washington correspondent with us this morning after the 348 00:19:00,000 --> 00:19:03,239 Speaker 1: time time January six, hearing. We're gonna check back in 349 00:19:03,280 --> 00:19:06,200 Speaker 1: with Joe later here on Bloomberg Daybreak for more on 350 00:19:06,359 --> 00:19:10,639 Speaker 1: the committee's proceedings as well, of course, as a President 351 00:19:10,680 --> 00:19:15,080 Speaker 1: Biden uh now facing COVID, isolating in the White House, 352 00:19:15,119 --> 00:19:18,680 Speaker 1: continuing to work, but the White House sort of using 353 00:19:18,720 --> 00:19:22,439 Speaker 1: his case, perhaps as a symbol of how to tackle 354 00:19:22,520 --> 00:19:28,720 Speaker 1: the pandemic, with vaccinations and prophylactics now part of the mix. Joe, 355 00:19:28,840 --> 00:19:32,760 Speaker 1: thanks as always. SMP futures right now down eight points down, 356 00:19:32,800 --> 00:19:37,160 Speaker 1: futures up eight points. Nasdaq futures are lower by sixty 357 00:19:37,200 --> 00:19:40,280 Speaker 1: two points right now, the tenure Treasury surging this morning, 358 00:19:40,320 --> 00:19:42,880 Speaker 1: up twenty thirty seconds, the yield now two point eight 359 00:19:42,960 --> 00:19:45,040 Speaker 1: zero percent, and the yield on the two year right 360 00:19:45,080 --> 00:19:49,080 Speaker 1: now three point zero three percent. Nim X screw little 361 00:19:49,119 --> 00:19:52,080 Speaker 1: changed right now up six cents nineties six dollars forty 362 00:19:52,080 --> 00:19:55,920 Speaker 1: one cents of Veraril bitcoin just shy of twenty three thousand, 363 00:19:55,920 --> 00:19:59,600 Speaker 1: five hundred. Stay with us. You are listening to Bloomberg 364 00:19:59,680 --> 00:20:09,920 Speaker 1: Dave Bloomberg eleven three oh weather heat Advisory till eight 365 00:20:10,160 --> 00:20:12,960 Speaker 1: Sunday night. We're gonna be in the low nineties today, 366 00:20:13,080 --> 00:20:17,080 Speaker 1: mid nineties tomorrow, could hit a hundred by Sunday. Right 367 00:20:17,080 --> 00:20:26,639 Speaker 1: now eighty degrees in Central Park. Broadcasting live from the 368 00:20:26,680 --> 00:20:30,920 Speaker 1: Bloomberg Interacted Broker Studio in New York, Bloomberg Living Free 369 00:20:31,240 --> 00:20:35,359 Speaker 1: to Washington, d C. Bloomberg to Boston, Bloomberg one O 370 00:20:35,560 --> 00:20:39,080 Speaker 1: six one to San Francisco, Bloomberg nine six to the country, 371 00:20:39,160 --> 00:20:42,280 Speaker 1: Sirius XM Chado one nineteen and around the globe to 372 00:20:42,359 --> 00:20:46,840 Speaker 1: Bloomberg Business and Bloomberg Radio dot Com. This is Bloomberg 373 00:20:46,960 --> 00:20:55,080 Speaker 1: Daybreak and it's five thirty on Wall Street. Good morning. 374 00:20:55,080 --> 00:20:58,120 Speaker 1: I'm Karen Moscow, I'm Nathan Hagar. We're just about four 375 00:20:58,119 --> 00:21:00,280 Speaker 1: hours away from the open of US trading. Let's sketch 376 00:21:00,359 --> 00:21:01,639 Speaker 1: up to date on the news you need to know 377 00:21:01,680 --> 00:21:04,240 Speaker 1: at this hour. The January six Committee laid out a 378 00:21:04,280 --> 00:21:07,080 Speaker 1: nearly minute by minute case last night that former President 379 00:21:07,119 --> 00:21:09,639 Speaker 1: Donald Trump ignored the pleas of his inner circle and 380 00:21:09,680 --> 00:21:12,440 Speaker 1: allowed the violence to unfold at the Capitol last year. 381 00:21:12,480 --> 00:21:16,160 Speaker 1: Here's Committee Democrat Elaine Laurian. President Trump did not then 382 00:21:16,320 --> 00:21:20,840 Speaker 1: and does not now have the character or courage to 383 00:21:20,960 --> 00:21:24,159 Speaker 1: say to the American people what his own people know 384 00:21:24,320 --> 00:21:28,280 Speaker 1: to be true. He is responsible for the attack on 385 00:21:28,320 --> 00:21:32,399 Speaker 1: the Capitol on January six. Demcrad Elane Lauria is speaking 386 00:21:32,400 --> 00:21:34,800 Speaker 1: at last night's hearing, which won't be the last. Committee 387 00:21:34,840 --> 00:21:36,760 Speaker 1: Vice chair List Cheney says there will be more in 388 00:21:36,800 --> 00:21:40,199 Speaker 1: September as evidence and witnesses continue to roll in. Well, 389 00:21:40,240 --> 00:21:43,600 Speaker 1: another major story we're following this morning, Nathan out of Washington, 390 00:21:43,680 --> 00:21:46,960 Speaker 1: involves President Biden testing positive for COVID. So far, the 391 00:21:46,960 --> 00:21:50,840 Speaker 1: President says symptoms are mild, even double vaccinated, double boosted, 392 00:21:51,080 --> 00:21:54,320 Speaker 1: symptoms are mild and uh and I really appreciate your 393 00:21:54,440 --> 00:21:57,439 Speaker 1: creative concern. And President Biden is a bit fatigued and 394 00:21:57,480 --> 00:22:00,560 Speaker 1: has other mild symptoms, according to White House Press Secretary 395 00:22:00,680 --> 00:22:04,320 Speaker 1: Karine Jean Pierre, Chinese President Jinping has sent the message 396 00:22:04,359 --> 00:22:07,280 Speaker 1: to President Biden carring wishing him a quick recovery. That's 397 00:22:07,280 --> 00:22:10,920 Speaker 1: according to Chinese media. The president joins a rising national 398 00:22:10,960 --> 00:22:14,280 Speaker 1: COVID wave dominated by a new variant. Bloomberg's Grenita Young 399 00:22:14,400 --> 00:22:17,159 Speaker 1: joins US Live with markod Morning, Granita, Good morning, Nathan. 400 00:22:17,280 --> 00:22:20,680 Speaker 1: This variant, known as be a point five easily evades 401 00:22:20,720 --> 00:22:24,320 Speaker 1: immune defenses. In the US, more than one hundred seventy 402 00:22:24,320 --> 00:22:27,880 Speaker 1: thousand new cases were reported on July nine. That's more 403 00:22:27,920 --> 00:22:31,760 Speaker 1: than six times higher than the level reported back in April. Meantime, 404 00:22:31,840 --> 00:22:36,119 Speaker 1: Los Angeles considers bringing back indoor mask mandates. In San Francisco, 405 00:22:36,240 --> 00:22:40,080 Speaker 1: virus levels in wastewater have climbed higher than this past winter, 406 00:22:40,520 --> 00:22:43,479 Speaker 1: but although the hospitalization rate has also been inching up 407 00:22:43,520 --> 00:22:47,439 Speaker 1: since April, it's still well below previous peaks. Live in 408 00:22:47,520 --> 00:22:50,280 Speaker 1: New York, I'm Renia Young Bloomberg, daybreak, All right, ready 409 00:22:50,359 --> 00:22:52,360 Speaker 1: to thank you all. Turning to the markets now nowday 410 00:22:52,560 --> 00:22:56,560 Speaker 1: futures are lower following disappointing earnings from a Snap. That 411 00:22:56,760 --> 00:22:59,399 Speaker 1: stock is down almost twenty nine per cent this morning. 412 00:22:59,560 --> 00:23:02,000 Speaker 1: Others social media stocks you're taking a hit as well. 413 00:23:02,119 --> 00:23:05,439 Speaker 1: Facebook parent Meta Platforms is down four and a half percent, 414 00:23:05,520 --> 00:23:09,359 Speaker 1: and Google owner Alphabet is down two point seven and 415 00:23:09,440 --> 00:23:12,200 Speaker 1: the earnings continue to roll in today, Karen down members. 416 00:23:12,200 --> 00:23:15,320 Speaker 1: American Express and Verizon are scheduled to report this morning, 417 00:23:15,320 --> 00:23:18,359 Speaker 1: and Twitter opens its books before the market open, and 418 00:23:18,480 --> 00:23:21,359 Speaker 1: futures again lower s and p futures down twelve points, 419 00:23:21,440 --> 00:23:25,240 Speaker 1: down features down nineteen, nastag futures down sixty seven, and 420 00:23:25,240 --> 00:23:27,840 Speaker 1: the ten year treasury up eighteen thirty seconds yield two 421 00:23:27,840 --> 00:23:31,440 Speaker 1: point eight zero percent. Sure to head your latest local headliness, 422 00:23:31,480 --> 00:23:39,240 Speaker 1: A check of sports and this is Bloomberg Thanks on 423 00:23:39,280 --> 00:23:42,480 Speaker 1: Wall Street. Eighty degrees in Central Park two closures on 424 00:23:42,520 --> 00:23:45,320 Speaker 1: the eastbound belt Parkway. John Tucker has more on what's 425 00:23:45,320 --> 00:23:47,280 Speaker 1: going on in New York and around the world. John 426 00:23:47,640 --> 00:23:50,399 Speaker 1: and Congress. When Lee z elder, the Republican candidate for 427 00:23:50,480 --> 00:23:52,920 Speaker 1: governor of New York, was attacked at a campaign of 428 00:23:53,240 --> 00:23:56,440 Speaker 1: outside Rochester by a man with a pointed weapon who 429 00:23:56,520 --> 00:23:59,639 Speaker 1: dragged them to the ground before being subdued. Zelden was 430 00:23:59,680 --> 00:24:02,760 Speaker 1: naughty injured, he continued with his campaign speech and also 431 00:24:02,840 --> 00:24:06,720 Speaker 1: thank those who ran to his aid, simply grabbing his 432 00:24:06,960 --> 00:24:21,199 Speaker 1: risk until all these great could do anything stuffed. The 433 00:24:21,240 --> 00:24:23,440 Speaker 1: event in Monroe County was the first stomp of a 434 00:24:23,480 --> 00:24:27,040 Speaker 1: planned weekend bust tour across upstate New York to informally 435 00:24:27,160 --> 00:24:31,879 Speaker 1: kicked off his general election campaign. KASA New York Airports, 436 00:24:31,960 --> 00:24:35,520 Speaker 1: prompting Senators to call for an investigation into the business 437 00:24:35,560 --> 00:24:39,600 Speaker 1: practices of airlines. That story this morning from Bloomberg's Lisa Mateo, 438 00:24:40,000 --> 00:24:43,080 Speaker 1: New York's Kirsten Jilla Brand, along with two other senators, 439 00:24:43,160 --> 00:24:45,959 Speaker 1: sent a letter to the Transportation Department and the Federal 440 00:24:46,000 --> 00:24:49,760 Speaker 1: Trade Commission urging the agencies to investigate whether airlines are 441 00:24:49,800 --> 00:24:54,199 Speaker 1: knowingly engaging in unfair or deceptive business practices by offering 442 00:24:54,240 --> 00:24:57,920 Speaker 1: flights that they know are logistically impossible to execute. US 443 00:24:58,000 --> 00:25:00,640 Speaker 1: air carriers have struggled to manage to and with three 444 00:25:00,720 --> 00:25:04,240 Speaker 1: point two percent of flights canceled and delayed during the 445 00:25:04,280 --> 00:25:07,240 Speaker 1: first five months of the year. Gillibrand says more flights 446 00:25:07,240 --> 00:25:09,760 Speaker 1: were canceled in June this year than in any other 447 00:25:09,840 --> 00:25:14,560 Speaker 1: previous June. Lisa Mateo Bloomberg Radio. An unvaccinated young adult 448 00:25:14,560 --> 00:25:17,920 Speaker 1: from New York recently contracted polio. It's the first US 449 00:25:17,960 --> 00:25:20,440 Speaker 1: case in nearly a decade. Officials say the patient that 450 00:25:20,520 --> 00:25:23,840 Speaker 1: lives in Rockland County, had developed paralysis. The person is 451 00:25:23,880 --> 00:25:27,040 Speaker 1: no longer deemed to be contagious, and the US's second 452 00:25:27,119 --> 00:25:31,280 Speaker 1: largest pork complex struggling to process cargo even with expanded 453 00:25:31,280 --> 00:25:33,560 Speaker 1: gate hours. The Port of New York and New Jersey 454 00:25:33,560 --> 00:25:37,480 Speaker 1: has seen terminals expand operations into the evening on weekends. 455 00:25:37,520 --> 00:25:40,800 Speaker 1: Despite the push, less than four percent of cargo is 456 00:25:40,840 --> 00:25:44,160 Speaker 1: being moved on Saturdays each week. Global News twenty four 457 00:25:44,200 --> 00:25:46,879 Speaker 1: hours a day on Aerona, Bloomberg Quicktake power by more 458 00:25:46,920 --> 00:25:51,000 Speaker 1: than journalists and analysts in more than one twenty countries. 459 00:25:51,200 --> 00:25:53,919 Speaker 1: I'm John Tucker. This he is Bloomberg, Nathan. Thank you, 460 00:25:54,040 --> 00:26:01,800 Speaker 1: John all Street. Time for the Bloomberg Sports UF Day 461 00:26:01,840 --> 00:26:04,639 Speaker 1: with John Stenshow next day, the Houston Astros kids tinue 462 00:26:04,640 --> 00:26:08,560 Speaker 1: to be a Yankee nemesis. Three postseason series wins, and 463 00:26:08,600 --> 00:26:11,280 Speaker 1: even as the Yanks are enjoying this terrific regular season, 464 00:26:11,320 --> 00:26:14,800 Speaker 1: they really struggled against the Astros. In seven games, They've 465 00:26:14,840 --> 00:26:17,720 Speaker 1: hadded just one fifty one and the Yankees never led 466 00:26:17,760 --> 00:26:19,840 Speaker 1: at any point of the seven games, except for a 467 00:26:19,880 --> 00:26:22,680 Speaker 1: couple of games they won when their first leads came 468 00:26:22,720 --> 00:26:24,480 Speaker 1: with the walk offs. They never led the double header 469 00:26:24,480 --> 00:26:26,159 Speaker 1: and used in the Astros one three to two with 470 00:26:26,240 --> 00:26:27,720 Speaker 1: a run on the bottom the ninth, just after the 471 00:26:27,760 --> 00:26:29,960 Speaker 1: Yankster tied the game with two outs at the top, 472 00:26:30,000 --> 00:26:32,520 Speaker 1: and then Houston teed off on Domingo her Mom, who 473 00:26:32,520 --> 00:26:34,960 Speaker 1: made his season debut back from a shoulder injury. He 474 00:26:35,080 --> 00:26:37,720 Speaker 1: gave up five runs. The Astros won seven five yourd 475 00:26:37,760 --> 00:26:40,920 Speaker 1: and Albarez and Alex Pregman, both Homeward combined for five 476 00:26:41,040 --> 00:26:43,080 Speaker 1: rbuys Aaron Judge and at three run Homer the ninth, 477 00:26:43,080 --> 00:26:45,840 Speaker 1: but the game ended with Matt Carpenter heading into a 478 00:26:45,880 --> 00:26:49,680 Speaker 1: double play. You're Yaron Boone sucks anytime you lose, When 479 00:26:49,680 --> 00:26:53,080 Speaker 1: you lose a couple in a day, I think we 480 00:26:53,160 --> 00:26:55,120 Speaker 1: did that earlier in the year with the white sauce. Maybe, 481 00:26:55,200 --> 00:26:59,680 Speaker 1: so tough day for us. Um Kill gave herself a 482 00:26:59,760 --> 00:27:02,399 Speaker 1: chance there in the end with time run at the plate, 483 00:27:02,880 --> 00:27:06,840 Speaker 1: um big boys coming, so um you know we got 484 00:27:06,840 --> 00:27:08,880 Speaker 1: to get over it. Only two and a half games 485 00:27:08,920 --> 00:27:11,240 Speaker 1: out of the Astros for best record. Yanks plate tonight 486 00:27:11,240 --> 00:27:13,640 Speaker 1: in Baltimore, and while the Orioles are still in last place, 487 00:27:13,640 --> 00:27:16,400 Speaker 1: they've won eleven or last thirteen to get to five 488 00:27:16,600 --> 00:27:19,399 Speaker 1: d Matzos the Padres. Max Jerzy will start Jacob Degram 489 00:27:19,440 --> 00:27:21,359 Speaker 1: and what may have been his last time on the 490 00:27:21,359 --> 00:27:24,840 Speaker 1: mat before actually pitching for the Mets through sixty pitches 491 00:27:24,840 --> 00:27:27,959 Speaker 1: in a simulated game. New contracts for Arizona Cardinals quarterback 492 00:27:28,040 --> 00:27:30,960 Speaker 1: Kyler Murray will make forty six million a year and 493 00:27:31,040 --> 00:27:33,960 Speaker 1: for Kirby Smart just coach Georgia the national championship. He's 494 00:27:33,960 --> 00:27:38,800 Speaker 1: now signed through one John Stashward Bloomberg Sports. John thank 495 00:27:38,800 --> 00:27:41,480 Speaker 1: you seven on Wall Street time for the Tri State 496 00:27:41,480 --> 00:27:44,760 Speaker 1: Business Report. Here's Bloomberg's when did you Land? The overall 497 00:27:44,800 --> 00:27:47,400 Speaker 1: rental market in the US may be slowing, but don't 498 00:27:47,440 --> 00:27:49,359 Speaker 1: tell that to anyone trying to get a place. In 499 00:27:49,480 --> 00:27:52,240 Speaker 1: Jersey City, New Jersey, it ranked second on the list 500 00:27:52,320 --> 00:27:55,720 Speaker 1: of markets with the biggest annual rent increases. According to 501 00:27:55,760 --> 00:27:59,720 Speaker 1: rent dot com, a one bedroom apartment averages over forty 502 00:27:59,760 --> 00:28:03,000 Speaker 1: four hundred dollars, an increase of more than fifty compared 503 00:28:03,040 --> 00:28:06,200 Speaker 1: to last year. Number one on the list is Austin, Texas, 504 00:28:06,240 --> 00:28:09,000 Speaker 1: where the rent has gone up more than one to 505 00:28:09,119 --> 00:28:12,480 Speaker 1: over thirty two hundred dollars a month. Rising inflation is 506 00:28:12,520 --> 00:28:15,800 Speaker 1: causing demand to increase at food pantries. News twelve New 507 00:28:15,880 --> 00:28:19,119 Speaker 1: Jersey reports pantries are becoming a main source of food 508 00:28:19,160 --> 00:28:22,760 Speaker 1: for some families, rather than just supplemental aid. Some are 509 00:28:22,800 --> 00:28:26,200 Speaker 1: coming multiple times in a month to get supplies. Pantries 510 00:28:26,240 --> 00:28:29,960 Speaker 1: are asking for donations to keep up with the increased demand, 511 00:28:30,359 --> 00:28:32,720 Speaker 1: and time is running out. In Connecticut for families to 512 00:28:32,760 --> 00:28:35,960 Speaker 1: apply for the state's child tax rebate. The deadline is 513 00:28:35,960 --> 00:28:37,960 Speaker 1: in a week and a half. Families get up to 514 00:28:38,040 --> 00:28:41,200 Speaker 1: seven hundred and fifty dollars. That's the Bloomberg Tri State 515 00:28:41,240 --> 00:28:43,800 Speaker 1: Business Report. I'm ready to let all right, Wendy, thank 516 00:28:43,800 --> 00:28:46,280 Speaker 1: you five On Wall Street, Bloomberg Radio is on the 517 00:28:46,280 --> 00:28:49,000 Speaker 1: air from San Francisco to New York, London to Hong Kong. 518 00:28:49,080 --> 00:28:50,880 Speaker 1: Let's check in with our global news team for some 519 00:28:50,920 --> 00:28:53,040 Speaker 1: of the top stories heard on our three hundred affiliate 520 00:28:53,120 --> 00:28:59,520 Speaker 1: radio stations around the world. I'm Steve Potus k X 521 00:28:59,640 --> 00:29:02,880 Speaker 1: in Wall So Angeles. We're talking about how higher costs 522 00:29:02,920 --> 00:29:06,480 Speaker 1: are weighing on toymaker Mattel Were need Donaho On kt 523 00:29:06,680 --> 00:29:10,000 Speaker 1: r H in Houston. GAP is expanding its easy partnership 524 00:29:10,040 --> 00:29:12,840 Speaker 1: with Kanye West to bring in new customers. I'm Gina 525 00:29:12,920 --> 00:29:16,120 Speaker 1: Servetti and for k CBS in San Francisco, I'm reporting 526 00:29:16,120 --> 00:29:19,200 Speaker 1: that some global utilities are starting to offer rewards for 527 00:29:19,320 --> 00:29:23,680 Speaker 1: consumers who conserve energy. Matteo and on WBZ in Boston, 528 00:29:23,800 --> 00:29:26,040 Speaker 1: I'll be reporting on why it could be b y 529 00:29:26,120 --> 00:29:28,720 Speaker 1: O C bring your own cup on your next light. 530 00:29:29,120 --> 00:29:30,960 Speaker 1: Who we need to let on w T A M 531 00:29:31,040 --> 00:29:34,640 Speaker 1: in Cleveland on reporting on the increased demand at food country. 532 00:29:35,680 --> 00:29:38,440 Speaker 1: Those are some of the stories our twenty hundred Bloomberg 533 00:29:38,480 --> 00:29:40,840 Speaker 1: journalists and analyst you're working on this morning around the world. 534 00:29:40,920 --> 00:29:43,880 Speaker 1: It's five thirty nine on Wall Street. The following is 535 00:29:43,880 --> 00:29:48,160 Speaker 1: an editorial from Bloomberg Opinion. This editorial was written by 536 00:29:48,160 --> 00:29:52,960 Speaker 1: the Bloomberg Editorial Board. Global food prices were already lofty 537 00:29:53,040 --> 00:29:58,400 Speaker 1: before grain producing Russia invaded wheat exporting Ukraine to make 538 00:29:58,480 --> 00:30:01,840 Speaker 1: matters worse. Fertilized of prices have more than tripled in 539 00:30:01,880 --> 00:30:05,720 Speaker 1: recent years, due in no small part to Russia's dominance 540 00:30:05,760 --> 00:30:09,480 Speaker 1: of the market. Farmers from Brazil to Burundi are paying 541 00:30:09,480 --> 00:30:12,280 Speaker 1: a steep price. Many have been forced to cut back 542 00:30:12,320 --> 00:30:16,800 Speaker 1: on nutrients. Others are leaving fields fallow. The world's top 543 00:30:16,840 --> 00:30:20,200 Speaker 1: priority should be to ease the supply crunch and avoid 544 00:30:20,320 --> 00:30:23,760 Speaker 1: significant damage to the next harvest. That means pushing for 545 00:30:23,880 --> 00:30:28,200 Speaker 1: states such as China to remove barriers on fertilizer exports. 546 00:30:28,600 --> 00:30:33,440 Speaker 1: Existing support programs such as the Africa Fertilizer Financing Mechanism 547 00:30:33,640 --> 00:30:38,280 Speaker 1: should also be expanded. Ukraine has demonstrated that the global 548 00:30:38,320 --> 00:30:42,320 Speaker 1: food supply is more precarious than many had thought. It's 549 00:30:42,360 --> 00:30:46,600 Speaker 1: a warning sign that the world can't ignore. This editorial 550 00:30:46,800 --> 00:30:50,240 Speaker 1: was written by the Bloomberg Editorial Board. For more Bloomberg opinion, 551 00:30:50,320 --> 00:30:53,440 Speaker 1: please go to Bloomberg dot com, slash opinion or ope 552 00:30:53,640 --> 00:30:56,600 Speaker 1: I N go on the Bloomberg terminal. This has been 553 00:30:56,640 --> 00:31:00,560 Speaker 1: Bloomberg opinion, and you can hear Bloomberg opinion editorials every weekday. 554 00:31:00,600 --> 00:31:04,000 Speaker 1: At this time, terminal customers can read more at opie 555 00:31:04,080 --> 00:31:08,120 Speaker 1: I N SMP futures down twelve point, staff futures down 556 00:31:08,120 --> 00:31:11,320 Speaker 1: twenty eight NASTAC futures are lower by sixty nine points. 557 00:31:11,320 --> 00:31:14,240 Speaker 1: The tenure treasury is up twenty thirty seconds. The yield 558 00:31:14,280 --> 00:31:22,760 Speaker 1: two point eight zero per cent. This is Bloomberg. Bloomberg 559 00:31:22,800 --> 00:31:25,080 Speaker 1: eleven three oh Whether the heat advisory remains in effect 560 00:31:25,080 --> 00:31:28,720 Speaker 1: till eight o'clock Sunday night. Low nineties today, mid nineties, 561 00:31:28,760 --> 00:31:32,160 Speaker 1: Tomorrow could see a hundred by Sunday. Right now eighty 562 00:31:32,200 --> 00:31:39,840 Speaker 1: degrees in Central Park markets. Headlines and breaking news twenty 563 00:31:39,840 --> 00:31:42,720 Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg 564 00:31:42,760 --> 00:31:46,320 Speaker 1: Business at and at Bloomberg Quick Tape. He's a Bloomberg 565 00:31:46,360 --> 00:31:55,720 Speaker 1: Business Flash, and I'm Karen Moscow and European is stock 566 00:31:55,840 --> 00:31:59,440 Speaker 1: swinging to gains from losses, joining a global equity rebound 567 00:31:59,440 --> 00:32:02,160 Speaker 1: as investors look to second quarter earning season to gauge 568 00:32:02,160 --> 00:32:05,640 Speaker 1: how companies are weathering. The impact is searching prices, bonds 569 00:32:05,640 --> 00:32:09,080 Speaker 1: and the dollar rising. NASTAG futures are lower this morning, 570 00:32:09,120 --> 00:32:12,400 Speaker 1: weighed down by snaps poor results. We checked the markets 571 00:32:12,400 --> 00:32:15,240 Speaker 1: every fifteen minutes throughout the trading day on Bloomberg. Right 572 00:32:15,240 --> 00:32:17,960 Speaker 1: now isn't P futures are down twelve points down, features 573 00:32:17,960 --> 00:32:21,440 Speaker 1: down twenty and NASTAG futures are down sixty seven. The 574 00:32:21,480 --> 00:32:23,959 Speaker 1: docks in Germany is up about two tens of a percent. 575 00:32:24,280 --> 00:32:27,000 Speaker 1: Ten year Treasury up nineteen thirty seconds, held two point 576 00:32:27,040 --> 00:32:29,320 Speaker 1: eight zero percent. The yield on the two year three 577 00:32:29,360 --> 00:32:32,120 Speaker 1: point oh three percent. Non max screwed oil is down 578 00:32:32,200 --> 00:32:34,480 Speaker 1: eight ten percent or seventy eight cents at ninety five 579 00:32:34,480 --> 00:32:37,360 Speaker 1: dollars fifty nine cents of barrel comes gold up half 580 00:32:37,400 --> 00:32:40,200 Speaker 1: percent or nine dollars ten cents at seventeen forty forty 581 00:32:40,200 --> 00:32:43,640 Speaker 1: announce The euro one point one five against the dollar, 582 00:32:43,680 --> 00:32:46,360 Speaker 1: British bound one point one nine five three and again 583 00:32:46,400 --> 00:32:49,600 Speaker 1: one thirty seven point three four and Bitcoin this morning 584 00:32:49,600 --> 00:32:52,160 Speaker 1: of one and a half percent at twenty three thousand, 585 00:32:52,320 --> 00:32:55,280 Speaker 1: four hundred seventy dollars well shares of Snap We're down 586 00:32:55,280 --> 00:32:57,920 Speaker 1: more than twenty eight percent this morning after the company 587 00:32:57,960 --> 00:33:01,520 Speaker 1: reported disappointing sales hrt by a major slowdown in as 588 00:33:01,560 --> 00:33:05,200 Speaker 1: spending and rising competition for dwindling market dollars or marketing 589 00:33:05,200 --> 00:33:08,680 Speaker 1: dollars rather shares. The Meta platforms and alphabet are also falling. 590 00:33:08,720 --> 00:33:12,480 Speaker 1: Meta down four point four alphabets down two point nine percent. 591 00:33:12,560 --> 00:33:14,840 Speaker 1: Today we get earning from Twitter as well as an 592 00:33:14,840 --> 00:33:18,480 Speaker 1: American express and private sector activity in the euro Area 593 00:33:18,720 --> 00:33:21,920 Speaker 1: unexpectedly shrank for the first time since the pandemic lockdowns 594 00:33:21,920 --> 00:33:25,360 Speaker 1: of early one survey of purchasing manager's bas and p 595 00:33:25,480 --> 00:33:28,400 Speaker 1: Global dropped to a seventeen month low in July. That's 596 00:33:28,440 --> 00:33:30,920 Speaker 1: a Bloomberg business flash. Now here's John Tucker with more 597 00:33:30,960 --> 00:33:33,160 Speaker 1: on what's going on around the world. John and Karen. 598 00:33:33,240 --> 00:33:36,080 Speaker 1: The House January six Committee letting out nearly minute by 599 00:33:36,120 --> 00:33:39,120 Speaker 1: minute case last night, but former President Trump allowed the 600 00:33:39,160 --> 00:33:42,720 Speaker 1: violence of the capital unfold despite please from his closest 601 00:33:42,760 --> 00:33:45,520 Speaker 1: inner circle to call it off and conceive the election. 602 00:33:45,720 --> 00:33:49,480 Speaker 1: Here's Committee vins cheerless Cheney Donald Trump made a purposeful 603 00:33:49,600 --> 00:33:54,680 Speaker 1: choice to violate his oath of office, to ignore the 604 00:33:54,800 --> 00:34:00,360 Speaker 1: ongoing violence against law enforcement, to threaten our constitutional order. 605 00:34:01,120 --> 00:34:05,160 Speaker 1: There is no way to excuse that behavior. It was indefensible. 606 00:34:05,440 --> 00:34:08,120 Speaker 1: Vice Cher Liz Cheney says there will be more public 607 00:34:08,160 --> 00:34:12,480 Speaker 1: hearings in September, with more evidence and witnesses still coming forward. 608 00:34:12,920 --> 00:34:15,960 Speaker 1: White House officials expressing confidence that President Biden, who is 609 00:34:15,960 --> 00:34:18,520 Speaker 1: seventy nine years old, will avoid the worst of the 610 00:34:18,680 --> 00:34:22,640 Speaker 1: disease COVID nineteen after testing positive thanks to vaccines and 611 00:34:22,680 --> 00:34:27,759 Speaker 1: a therapeutic drug largely unavailable before he took office. And 612 00:34:27,960 --> 00:34:32,319 Speaker 1: Ian Bloomberg. Sports baseball is back following the All Star Game. 613 00:34:32,640 --> 00:34:34,719 Speaker 1: The Yankees get swift for the Astros and a double 614 00:34:34,760 --> 00:34:38,280 Speaker 1: headerd a split twin bill with the Tigers. The Giants 615 00:34:38,280 --> 00:34:41,239 Speaker 1: folded the Dodgers nine to six. Global News twenty four 616 00:34:41,280 --> 00:34:45,120 Speaker 1: hours a day on aeron Bloomberg Quicktake, This is Bloomberg. 617 00:34:45,520 --> 00:34:48,200 Speaker 1: May okay, John, thank you. It's five fifty on Wall 618 00:34:48,239 --> 00:34:50,640 Speaker 1: Street Live in the Bloomberg Interactive Broker Studios. This is 619 00:34:50,680 --> 00:34:53,520 Speaker 1: Bloomberg Day Break. Let's turn back to January six, after 620 00:34:53,640 --> 00:34:57,360 Speaker 1: last night's primetime hearing, Alex Holder filmed the last TV 621 00:34:57,480 --> 00:35:00,439 Speaker 1: interview that former President Donald Trump gave in the Maine House. 622 00:35:00,680 --> 00:35:03,279 Speaker 1: His documentary in the build up to the storming of 623 00:35:03,280 --> 00:35:07,000 Speaker 1: the Capital, gave exclusive access to the President's inner circle, 624 00:35:07,400 --> 00:35:09,400 Speaker 1: so much so that the January six when he has 625 00:35:09,440 --> 00:35:13,560 Speaker 1: subpoenaed a hundred hours of holders raw footage, Alex Holder 626 00:35:13,600 --> 00:35:16,920 Speaker 1: tells Bloomberg's Leanne Garrenson Tom Mackenzie about his experience of 627 00:35:16,960 --> 00:35:20,600 Speaker 1: the President in the dying days of his administration. Trump 628 00:35:21,040 --> 00:35:25,279 Speaker 1: actually believed came to believe the lie that he had 629 00:35:25,320 --> 00:35:28,960 Speaker 1: started back in twenty which is that, yeah, if there 630 00:35:29,000 --> 00:35:33,200 Speaker 1: was a chance he wouldn't win, delegitimizing the vote was 631 00:35:33,239 --> 00:35:36,319 Speaker 1: a technique that he was playing, and I think back 632 00:35:36,360 --> 00:35:39,920 Speaker 1: in twenty sixteen he knew it was, you know, a lie. 633 00:35:40,320 --> 00:35:42,400 Speaker 1: He would probably argue that it was more a joke, 634 00:35:43,120 --> 00:35:46,640 Speaker 1: but the idea of of making people think that the 635 00:35:46,680 --> 00:35:50,719 Speaker 1: election and the results didn't didn't matter, didn't count, was 636 00:35:50,800 --> 00:35:52,560 Speaker 1: something that he'd been playing with for few years earlier. 637 00:35:53,160 --> 00:35:55,840 Speaker 1: When it came to sort of reality that he clearly 638 00:35:55,880 --> 00:35:59,560 Speaker 1: lost the twenty election, he then started to really push 639 00:35:59,600 --> 00:36:03,279 Speaker 1: this this point. And when I interviewed him a month 640 00:36:03,320 --> 00:36:04,880 Speaker 1: after the election and so it was the last interview 641 00:36:04,920 --> 00:36:06,600 Speaker 1: that Trump ever gave in the White House was on 642 00:36:06,680 --> 00:36:09,759 Speaker 1: the fourth or fifth of December in the White House. 643 00:36:09,800 --> 00:36:12,239 Speaker 1: And he's still a president of the United States. And 644 00:36:12,360 --> 00:36:16,000 Speaker 1: this is after his attorney general, after everybody really around 645 00:36:16,080 --> 00:36:19,799 Speaker 1: him except some of the loony's were we're saying that 646 00:36:19,800 --> 00:36:22,600 Speaker 1: there's absolutely no evidence to support his positions. And then 647 00:36:22,640 --> 00:36:25,640 Speaker 1: they had lost all of their court cases, including cases 648 00:36:26,120 --> 00:36:29,719 Speaker 1: by Republican judges that he had in fact appointed, had 649 00:36:29,760 --> 00:36:33,960 Speaker 1: all dismissed all of these lawsuits about the election, and 650 00:36:34,000 --> 00:36:37,000 Speaker 1: it was quite clear that that President Biden by the 651 00:36:37,000 --> 00:36:40,400 Speaker 1: time President Led Biden had won. And so he and 652 00:36:40,440 --> 00:36:42,879 Speaker 1: he still maintained this position where he was not only 653 00:36:42,920 --> 00:36:46,960 Speaker 1: just saying how Biden didn't get eighty million votes, he 654 00:36:47,160 --> 00:36:53,160 Speaker 1: was coming up with remedies essentially to his situation, I 655 00:36:53,480 --> 00:36:57,120 Speaker 1: what needs to happen to ensure he in fact wins. 656 00:36:57,360 --> 00:37:00,600 Speaker 1: And he starts going on about Georgia and how the 657 00:37:00,600 --> 00:37:05,400 Speaker 1: election officials there were cowards and stupid, these Republican officials 658 00:37:05,440 --> 00:37:10,080 Speaker 1: to not open up the the balance to check signatures 659 00:37:10,120 --> 00:37:11,680 Speaker 1: and and and it's coming up with all sorts of 660 00:37:11,719 --> 00:37:15,239 Speaker 1: conspiratory ideas and then start denigrating the judicial system, and 661 00:37:15,280 --> 00:37:19,759 Speaker 1: I think, yeah, Trump has this ability to passionate, and 662 00:37:19,800 --> 00:37:21,520 Speaker 1: he does, and he there was no doubt in my 663 00:37:21,560 --> 00:37:24,360 Speaker 1: mind that he absolutely believes in what he was saying, 664 00:37:24,680 --> 00:37:28,400 Speaker 1: which is the obviously no way of defense, and and 665 00:37:28,239 --> 00:37:30,799 Speaker 1: and and the fact is actually terrifying that there's no 666 00:37:30,840 --> 00:37:34,319 Speaker 1: way of being able to rationalize with him. And Bill 667 00:37:34,400 --> 00:37:37,160 Speaker 1: bar staid in his testimony that Trump was a man 668 00:37:37,200 --> 00:37:39,360 Speaker 1: that was detached from reality. This is the president of 669 00:37:39,400 --> 00:37:41,799 Speaker 1: the United States with all the power and the apparatus 670 00:37:41,840 --> 00:37:44,959 Speaker 1: that surrounds the president of the United States, which I saw. 671 00:37:45,480 --> 00:37:48,280 Speaker 1: I mean, the guy with the nuclear football was standing 672 00:37:48,320 --> 00:37:51,759 Speaker 1: outside the room when I was interviewing the President of 673 00:37:51,800 --> 00:37:55,480 Speaker 1: the United States, telling me what needs to happen is 674 00:37:55,560 --> 00:37:58,680 Speaker 1: we need to find quote brave judges. I mean, this 675 00:37:58,800 --> 00:38:01,920 Speaker 1: is America. This is not you know, a country where 676 00:38:02,200 --> 00:38:05,200 Speaker 1: it's not governed by like the rule of law and democracy, right. 677 00:38:05,239 --> 00:38:09,800 Speaker 1: I mean George Washington's painting is looking down at Trump 678 00:38:09,880 --> 00:38:12,360 Speaker 1: whilst I'm interviewing him, and he's coming out with these 679 00:38:12,400 --> 00:38:17,560 Speaker 1: anti democratic ideas. It's absolutely remarkable at horrifying. But he 680 00:38:17,800 --> 00:38:21,000 Speaker 1: when you tell centify many people that and it's coming 681 00:38:21,040 --> 00:38:24,440 Speaker 1: from the incumbent President and the guy they voted for 682 00:38:24,760 --> 00:38:27,600 Speaker 1: that their votes in't count. What what does anyone expect 683 00:38:27,640 --> 00:38:29,200 Speaker 1: it's going to happen next? I mean it's going to 684 00:38:29,239 --> 00:38:33,319 Speaker 1: be absolute fiasco and and incredibly dangerous. And that was 685 00:38:33,400 --> 00:38:37,040 Speaker 1: documentary filmmaker Alex Holder speaking with Bloomberg's Leanne Gern's and 686 00:38:37,160 --> 00:38:40,560 Speaker 1: Tom Mackenzie Karen Nathan. It is five fifty three on 687 00:38:40,560 --> 00:38:42,960 Speaker 1: Wall Street. Time to the Bloomberg Law Report. Let's get 688 00:38:42,960 --> 00:38:45,600 Speaker 1: to the legal stories were watching this morning with Bloomberg's 689 00:38:45,640 --> 00:38:53,520 Speaker 1: Jeff Bellinger. Two standard setting organizations released draft criteria defining 690 00:38:53,560 --> 00:38:57,359 Speaker 1: reduced levels of hazardous chemicals that would be allowed in electronics. 691 00:38:57,480 --> 00:39:01,440 Speaker 1: The organizations are ready to receive comments. The House Education 692 00:39:01,480 --> 00:39:05,080 Speaker 1: and Labor Committee will consider legislation to compel the Federal 693 00:39:05,160 --> 00:39:09,040 Speaker 1: Workers Safety Agency to complete a heat stress regulation to 694 00:39:09,120 --> 00:39:13,640 Speaker 1: help protect workers. A Swedish music label is suing meta platforms, 695 00:39:13,719 --> 00:39:18,400 Speaker 1: charging the hundreds of copyrighted tracks appear on Facebook and Instagram. 696 00:39:18,600 --> 00:39:23,440 Speaker 1: Bloomberg Law everything you need, all on one legal research platform, 697 00:39:23,600 --> 00:39:28,239 Speaker 1: including guidance analysis and Bloomberg Market Intelligence. Find out more 698 00:39:28,280 --> 00:39:32,560 Speaker 1: at Bloomberg Law dot com. Right, Jeff, thank you, And 699 00:39:32,560 --> 00:39:35,360 Speaker 1: now another legal story we're watching this morning. The Supreme 700 00:39:35,360 --> 00:39:38,400 Speaker 1: Court's shadow dockets seems to be gaining ground on the 701 00:39:38,440 --> 00:39:41,520 Speaker 1: regular docket, with the Court issuing more emergency orders than 702 00:39:41,520 --> 00:39:45,279 Speaker 1: opinions in cases that were fully briefed and argued for more. 703 00:39:45,360 --> 00:39:49,200 Speaker 1: June Grauso spoke with University of Texas law professor Stephen Fletic. 704 00:39:49,600 --> 00:39:52,040 Speaker 1: Part of it is that the Court is doing more 705 00:39:52,080 --> 00:39:55,160 Speaker 1: and more significant stuff on the shadow Dockted, I think 706 00:39:55,280 --> 00:39:57,520 Speaker 1: more of it is that, you know, folks are paying 707 00:39:57,560 --> 00:39:59,800 Speaker 1: attention to it, to a later to be never before, 708 00:40:00,360 --> 00:40:03,120 Speaker 1: And you know, the Court, for all the headlines and 709 00:40:03,239 --> 00:40:06,759 Speaker 1: dramas around him the most recent terms, actually deciding a 710 00:40:06,760 --> 00:40:09,839 Speaker 1: fewer cases on the merits docket at any point since 711 00:40:09,880 --> 00:40:12,200 Speaker 1: the Civil War. So you know, when you have a 712 00:40:12,239 --> 00:40:16,720 Speaker 1: flurry of significant rulings coming down through these unsigned, often 713 00:40:16,840 --> 00:40:20,400 Speaker 1: unexplained orders, you know, I think it's no surprise that 714 00:40:20,440 --> 00:40:22,200 Speaker 1: folks are paying a lot more attention to that part 715 00:40:22,200 --> 00:40:26,520 Speaker 1: of the Supreme Court's work. Since August of one, the 716 00:40:26,719 --> 00:40:31,880 Speaker 1: justices have issued sixty six emergency orders compared to sixty 717 00:40:31,960 --> 00:40:36,200 Speaker 1: merits opinions. So does something seem off there or are 718 00:40:36,239 --> 00:40:40,640 Speaker 1: these really emergencies? Twenty nine were related to COVID Rules 719 00:40:40,800 --> 00:40:43,879 Speaker 1: fifteen to executions. Well, and I think I think it's 720 00:40:43,880 --> 00:40:47,200 Speaker 1: worth stressing that the denominator there is not necessarily telling 721 00:40:47,280 --> 00:40:49,359 Speaker 1: us how often the courts intervened. I mean, so far 722 00:40:49,440 --> 00:40:51,359 Speaker 1: this term, by my kind of I think the Court 723 00:40:51,400 --> 00:40:56,200 Speaker 1: has granted sixteen emergency applications. That's on rough paste for 724 00:40:56,280 --> 00:40:58,000 Speaker 1: where we've been the last couple of years, which is 725 00:40:58,040 --> 00:41:01,080 Speaker 1: twenty to twenty four per term. But even that's up 726 00:41:01,160 --> 00:41:04,440 Speaker 1: dramatically over you know, prior years June. I think part 727 00:41:04,440 --> 00:41:06,600 Speaker 1: of what's going on is, you know, there have been 728 00:41:07,120 --> 00:41:11,880 Speaker 1: obviously a whole bunch of external causes for um increased 729 00:41:11,880 --> 00:41:14,480 Speaker 1: emergency delegation. You know, part of it is that because 730 00:41:14,560 --> 00:41:17,440 Speaker 1: the Court is actually granted more of these applications, because 731 00:41:17,480 --> 00:41:19,920 Speaker 1: more and more of these efforts are succeeding. You know, 732 00:41:20,040 --> 00:41:22,160 Speaker 1: lawyers are acting as lawyers act. Lawyers are going to 733 00:41:22,239 --> 00:41:25,600 Speaker 1: try to remember the application in context in which they 734 00:41:25,600 --> 00:41:28,040 Speaker 1: previously would not have. And so I think we're just 735 00:41:28,160 --> 00:41:33,160 Speaker 1: generally seeing an increasingly active shadow docket, be getting an 736 00:41:33,160 --> 00:41:37,360 Speaker 1: increasingly active shadow docket where the more the justices seem 737 00:41:37,400 --> 00:41:41,520 Speaker 1: willing to you know, intervene early in cases to disrupt 738 00:41:41,600 --> 00:41:45,359 Speaker 1: the status quo um through these unsigned and usually unexplained orders, 739 00:41:45,400 --> 00:41:47,880 Speaker 1: the more the parties have can ask them to. I 740 00:41:47,880 --> 00:41:50,319 Speaker 1: think that's why we're seeing, you know, the shadow doctor 741 00:41:50,440 --> 00:41:54,280 Speaker 1: really start to compete with the merits docket in overall volumes. 742 00:41:55,280 --> 00:41:57,880 Speaker 1: And that's even Athletic, a law professor at the University 743 00:41:57,880 --> 00:42:00,919 Speaker 1: at Texas, speaking at Bloomberg's You and Grow So catch 744 00:42:00,960 --> 00:42:03,719 Speaker 1: Where are that? Interview plus analysis of the latest legal news. 745 00:42:03,760 --> 00:42:06,719 Speaker 1: By subscribing to the Bloomberg Law Podcast or downloading this 746 00:42:06,719 --> 00:42:10,279 Speaker 1: show at Bloomberg dot com Slash podcast. Attorneys can find 747 00:42:10,320 --> 00:42:13,600 Speaker 1: exceptional legal research and business development tools at Bloomberg Law 748 00:42:13,640 --> 00:42:17,000 Speaker 1: dot com and on the Bloomberg terminal at b law Go. 749 00:42:18,080 --> 00:42:20,840 Speaker 1: Futures this morning moving lower, M S and P future 750 00:42:20,920 --> 00:42:23,359 Speaker 1: is down ten points down, futures down four and now 751 00:42:23,440 --> 00:42:26,239 Speaker 1: is DAG Futures down to sixty four weighed down by 752 00:42:26,320 --> 00:42:29,720 Speaker 1: snap this morning. Ten year treasury of seventeen thirty seconds 753 00:42:29,800 --> 00:42:32,080 Speaker 1: yelled two point eight one percent. They yield on the 754 00:42:32,120 --> 00:42:35,360 Speaker 1: two year three point oh three percent, and I make screwed. 755 00:42:35,360 --> 00:42:38,120 Speaker 1: Oil is down half percent or forty nine cents at 756 00:42:38,160 --> 00:42:41,520 Speaker 1: ninety six cents of barrel still ahead on Bloomberg Day 757 00:42:41,520 --> 00:42:43,319 Speaker 1: Break and check on the business headlines and all the 758 00:42:43,360 --> 00:42:46,640 Speaker 1: news you need to start your day. And this is Bloomberg.