Speaker 1: Live from the Bloomberg Interactive Bruger Studios. This is Bloomberg
Speaker 1: day Break for Wednesday, July thirteen two. Coming up this hour,
Speaker 1: Wall Street awaits this morning's key report on inflation. Oil
Speaker 1: prices stabilized following yesterday sell off. Twitter fires back in
Speaker 1: its battle with Elon Musk, and we take you to Israel,
Speaker 1: where President Biden begins his Middle East trip. The bolding
Speaker 1: accident in the Hudson River is left to keep people dead.
Speaker 1: Plus a gun rights group is suing New York's assault
Speaker 1: weapons ban. I'm Michael larm More Ahead, I'm John stash
Speaker 1: Own sports the Cincinnati Reds with four of the ninths.
Speaker 1: Don the Yankees sent them to a third strade, loss them.
Speaker 1: That's lost in Atlanta. That's all. S Trady Ahead on
Speaker 1: Bloomberg day Break on Bloomberg eleven, Free on New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world. Old on Bloomberg Radio Dot Carmen
Speaker 1: via The Bloomberg Business. Good Morning. I'm Nathan Hager, and
Speaker 1: I'm Karen Moscow. US DOT Index futures are higher this morning.
Speaker 1: We're coming up to six o one on Wall Street,
Speaker 1: and we checked the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg guess in P futures of nine
Speaker 1: points down, futures up sixty three, and NAZAC futures at
Speaker 1: thirty five. The decks in Germany is down about three
Speaker 1: quarters of a percent. Ten year treasury up to thirty seconds,
Speaker 1: the yale two point nine five percent, and the yield
Speaker 1: on the two year three point oh four percent. The
Speaker 1: euro is at one point zero zero three eight against
Speaker 1: the dollar. The yen is at one thirty seven point
Speaker 1: oh eight, and looking at bitcoin this morning, it's higher.
Speaker 1: It's at nineteen thousand is seven hundred and ninety dollars.
Speaker 1: Nathan Well, Karen, we begin with the big inflation report
Speaker 1: Wall Streets bracing four. In about two and a half
Speaker 1: hours from Washington, the government will issue the Consumer Price
Speaker 1: Index for June. It's expected to show no let up
Speaker 1: on inflation. Amy Morris has more from our bloombergs room
Speaker 1: in Washington. May CPI rose eight point six percent year
Speaker 1: over year, abroad based increase and the largest in forty years.
Speaker 1: June's reading could be even higher based on a survey
Speaker 1: of Wall Street economists. At the same time, Blueberg Economics
Speaker 1: says today's report will be balanced by recent evidence that
Speaker 1: inflation as well as economic growth may be moderating. The
Speaker 1: Federal Reserve is expected to keep raising interest rates to
Speaker 1: contain inflation by tempering economic growth. In Washington, I'm any
Speaker 1: more as Bloomberg daybreak, heymy thank you. The tom priority
Speaker 1: for the Federal Reserve has curbing inflation, and Richmond Fed
Speaker 1: President Thomas Barkin sees another fifty or seventy five basis
Speaker 1: point rate high coming this month. We're engaged in a
Speaker 1: very challenging exercise, which is m to try to cool
Speaker 1: the economy down to normal levels right in an effort
Speaker 1: to bring inflation out of under control, but without the
Speaker 1: intent of trying to cool it so down that that
Speaker 1: that the decline is calamitous. The right policies to get
Speaker 1: inflation under control. Richmond Fed President Thomas Barkin says today's
Speaker 1: CPI reading will inform the Central banks next move. He
Speaker 1: is not a voter around this year's rate setting. F
Speaker 1: O m C will higher. Gas and oil prices have
Speaker 1: been a major contributor to price spike's Karen, and today
Speaker 1: we're seeing crude higher following yesterday's nearly eight percent decline.
Speaker 1: This morning, the International Energy Agency warns that oil prices
Speaker 1: pose a high risk to the global economic recovery, with
Speaker 1: signs that fuel costs are starting to take their toll
Speaker 1: on demand growth. Right now, West Texas intermediate crudes up
Speaker 1: six six tenths percent, sixty cents higher at ninety six
Speaker 1: forty three cents of Arrol Well Nathan. A sergein gasoline
Speaker 1: prices this year has Americans changing their minds on the
Speaker 1: next car they will drive, and we get the details
Speaker 1: around Bloomberry se Lisa Mateo. According to a survey by
Speaker 1: the American Automobile Association, a quarter of Americans say their
Speaker 1: next car will be an electric vehicle. More than three
Speaker 1: fourths of them say their interest is driven by a
Speaker 1: desire to save on fuel costs. Gas prices, which have
Speaker 1: come down this month, reached a record five dollars and
Speaker 1: two cents a gallon in June. Millennials are the most
Speaker 1: eager to electrify their ride, with thirty percent saying they
Speaker 1: planned to buy an EV next Last year, only three
Speaker 1: point two percent of US vehicles for E vs. Lisa
Speaker 1: Matteo Bloomberg Daybreak. Al Right, Lisa, thanks. Let's turn to
Speaker 1: corporate news now, where Twitter is escalating its battle with
Speaker 1: Elon Musk. For the details were joined live by Bloomberg's
Speaker 1: Rene A Young. Good morning, Na, Good morning, Nathan. Twitter
Speaker 1: is suing Elon Musk after he abandoned his forty four
Speaker 1: billion dollar takeover bid, and the company is accusing him
Speaker 1: of having buyer's remorse after his fortune declined. Twitter lawyers
Speaker 1: say Musk should be forced to honor his agreement. The
Speaker 1: lawsuit says that Twitter has bent over backwards to provide
Speaker 1: him with the information he's requested. Musk has been disputing
Speaker 1: claims that Twitter has less than five percent of its
Speaker 1: users as bots and wanted more proof, but he ultimately
Speaker 1: abandoned the deal partially because of those concerns. This filing
Speaker 1: is setting up what will be the closely watched battle
Speaker 1: in the Delaware court system. Life, New York. I'm really
Speaker 1: need a Young Bloomberg day Break. I need to thank you.
Speaker 1: Turning to politics now, It's all about geo politics. President
Speaker 1: Biden submittast trip is underway. His first off Israel Bloomberg's
Speaker 1: and Marie Hordern is traveling with the President and final
Speaker 1: dis report from Jerusalem. Don't expect any major breakthroughs when
Speaker 1: it comes to the United States and the Israeli government.
Speaker 1: It recently collapse and they're looking ahead to elections in November.
Speaker 1: One key focus of this administration has been to normalize
Speaker 1: more Arab countries with Israel, and a key focus in
Speaker 1: a country to watch out for Saudi Arabia. But there
Speaker 1: won't be any massive breakthroughs when it comes to dialogue
Speaker 1: or peace talks with the Kingdom, but potentially more Saudi
Speaker 1: airspace being open to more Israeli flights. The President himself
Speaker 1: will be one of them, the first president United States
Speaker 1: to fly from Israel to Jetta. Later in the week,
Speaker 1: the President is backtracking on a campaign promise to make
Speaker 1: the Kingdom of Priyah, but at home he needs the
Speaker 1: Saudi's help to put more oil on the market to
Speaker 1: bring gasoline prices down in Jerusalem. I'm a Hordern Bloomberg News, Okay,
Speaker 1: and Marie, thank you. Back here in the US, the
Speaker 1: political focus remains on Capitol Hill. The House January sixth
Speaker 1: Committee says it's investigating the possibility that former President Donald
Speaker 1: Trump directly tried to contact a witness, Bloomberg said, Baxter
Speaker 1: has the story. The potentially explosive announcement by Committee Vice
Speaker 1: Chairless Chaney was saved for the end. After our last hearing,
Speaker 1: President Trump tried to call a witness in our investigation,
Speaker 1: a witness you have not yet seen in these hearings.
Speaker 1: That person declined to answer or respond to President Trump's
Speaker 1: call and turned over the evidence to an attorney, who
Speaker 1: in turn contact of the committee. Chaney says, Now it
Speaker 1: has been turned over to the d o J for
Speaker 1: possible charges of tampering with a witness in San Francisco.
Speaker 1: I'm at Baxter Bloomberg daybreak, all right, and thank you.
Speaker 1: SMP futures are higher, up about nine points this morning.
Speaker 1: Down futures up sixty two and nasday futures up thirty four.
Speaker 1: The decks in Germany is down about eight tens of
Speaker 1: uppercent ten year treasury up three thirty seconds, held two
Speaker 1: point nine five percent, and they yield on the two
Speaker 1: year three point oh three percent. And again n I
Speaker 1: make screwed. Oil is up three quarters of a percent.
Speaker 1: Straight ahead or latest local headlines plus a check of
Speaker 1: sports and this is Bloomberg. Thanks caring at six oh
Speaker 1: seven on Wall Street, where as seventy five degrees in
Speaker 1: Central Park dealing with an accident still on the South
Speaker 1: New York State three wave hast eggs at sixteen. Details
Speaker 1: coming up in traffic. First. Michael Barr details on an
Speaker 1: accident on the Hudson River. Michael, it was a tragic afternoon.
Speaker 1: At least two are dead and ten injured after a
Speaker 1: boat capsized in New York City Sudson River. The cause
Speaker 1: of the accident is under investigation, but the twenty seven
Speaker 1: foot private boat was in calm waters when it went
Speaker 1: down near Midtown Manhattan. New York City Mayor Eric Adams
Speaker 1: called a devastating moment for the city. Between New York
Speaker 1: Waterway Harbor f and gals who participated a week clearly
Speaker 1: saved live. New York Fire Commissioner Laura Kevanah spoke about
Speaker 1: the conditions of the others. Are two New Yorker is
Speaker 1: in critical condition in the hospitals and an additional New
Speaker 1: Yorker who is stable the critical at the hospital at
Speaker 1: this time. We also have eight additional patients who are
Speaker 1: green tags and are in stable condition. Fire Commissioner Laura Kevanagh.
Speaker 1: The boat was charted by a group of family and friends.
Speaker 1: The January six panel revealed Donald Trump fought objections from
Speaker 1: his White House lawyers to a plan eventually discarded to
Speaker 1: see states voting machines. The panel says, then Trump summoned
Speaker 1: supporters to march on the US capital, but we're turned
Speaker 1: into the deadly riot. Former oath Keepers spokesman Jason van
Speaker 1: Tatanhoef testified he wants more accountability. There was a gallows
Speaker 1: set up in front of the capital. This could have
Speaker 1: been the spark that started a new civil war and
Speaker 1: no one would have won there. That would have been
Speaker 1: good for no one. Former oath Keeper Jason van Teytenhof
Speaker 1: says that he's worried about what will happen if Trump
Speaker 1: is reelected. Local media and Texas released edited surveillance videos
Speaker 1: showing law enforcement and Voldi waiting more than an hour
Speaker 1: to take action after our gunmen enter the broad Elementary school,
Speaker 1: killing nineteen children and two teachers. Police officers are seen
Speaker 1: in the video waiting in the hallway during the massacre.
Speaker 1: According to CNN, one leaked segment of the video shows
Speaker 1: the gunman entering the school and walking down the hallway
Speaker 1: with a long rifle. The recording also shows officers approaching
Speaker 1: the classroom that the shooter was in, but then retreating
Speaker 1: down the hallway and taking cover when gunfire is heard.
Speaker 1: A gun rights group sued to overturn New York's assault
Speaker 1: weapons ban less than a month after the U. S.
Speaker 1: Supreme Court struck down a related state law that limited
Speaker 1: who could carry a handgun in public. According to the
Speaker 1: fire Arms Policy Coalition, the assault weapons band violates the
Speaker 1: Second Amendment. Global News twenty four hours a day on
Speaker 1: their end on Bloomberg Quick Take, powered by more than journalists,
Speaker 1: analysts more than a hundred twenty countries on Michael bar
Speaker 1: this is Bloomberg Naked. Thank you, Michael. Almost six cent
Speaker 1: on Wall Street. Time for the Bloomberg Sports Update with
Speaker 1: John Stenshown all right, Nathan. So many bright spots to
Speaker 1: this Yankee season, Maybe none brighter than the picture than
Speaker 1: reliever Clay Holmes, acquired a year ago from Pittsburgh. Holmes
Speaker 1: gave up a run on opening Day and then didn't
Speaker 1: give up another run for the next two and a
Speaker 1: half months for the Red Sox. Did get a big
Speaker 1: hit off him last weekend and one of those comeback wins.
Speaker 1: And last night at the Stadium against the lowly Reds,
Speaker 1: Holmes suddenly couldn't get anyone out. A walk, I hit,
Speaker 1: a hit batsman, another single, another hit by pitch, and
Speaker 1: he was taken out. Jonathan India with two outs of
Speaker 1: the ninth, delivered the game winning two runs single off
Speaker 1: Wanda Peralta. Cincinnati with four and the ninth stunned the
Speaker 1: Yankees four to three, and the Yanks have now lost
Speaker 1: three in a row, blown leads in all three. It's
Speaker 1: only their second three game losing Street. The other was
Speaker 1: back in May. Mets in Atlanta had just five hits,
Speaker 1: lost four to one. Is Matt Oles sending a two
Speaker 1: run homers six getting off David Peterson, Adam Duvall two
Speaker 1: run shot and then later on Seth Lugo the series
Speaker 1: in it. This afternoon, the Orioles one again they beat
Speaker 1: the Cubs. That's nine wins in a row. The Orioles
Speaker 1: have reached five hundred one and fifty Open Championship T's
Speaker 1: off tomorrow. Historic st Andrew's most of Tiger Woods as
Speaker 1: presser yesterday, where his thoughts about the new Live tour.
Speaker 1: He's not a fan. I disagree with it. UM. I
Speaker 1: think that what they've done is they've they've turned our
Speaker 1: their back on what has allowed them to get to
Speaker 1: this position. Um. Some players have never got a chance
Speaker 1: to even experience it. Taggarts off tomorrow at ten eastern.
Speaker 1: He's playing with the US Open JAMP Matt Fitzpatrick, John
Speaker 1: stash Award Bloomberg Sports Thanks John smp futures up eight points,
Speaker 1: Stown features of fifty eight, nastacks features up thirty two points.
Speaker 1: This red headline just across the Bloomberg terminal, traders are
Speaker 1: now fully pricing in a seventy five basis point rate
Speaker 1: hike in July ahead of June cp HI. We check
Speaker 1: in next with Bloomberg Economics correspondent Michael McKey. This is
Speaker 1: Bloomberg Bloomberg eleven three oh weather partly mostly sunny today
Speaker 1: with behind your ninety degrees afternoon showers and storms, fossil tomorrow,
Speaker 1: upper eighties, mix of sun and clouds. Upper eighties for Friday.
Speaker 1: Right now seventy five degrees in central Park Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com. The Bloomberg Business out and at Bloomberg Quick Tape,
Speaker 1: He's a Bloomberg Business flash and I'm Karin Moscow. U
Speaker 1: stock index future is moving higher this morning, while stocks
Speaker 1: and your updip and cautious trading is dominated by a
Speaker 1: dimming economic outlook and an anxious wait for data that
Speaker 1: may show US inflation at a fresh four decade high.
Speaker 1: That CPI report is due out at a thirty Wall
Speaker 1: Street time this morning. Right now is and P futures
Speaker 1: are up nine points of our future is up sixty
Speaker 1: two and now stay future is of thirty seven and
Speaker 1: the Dacks in Germany is down nine tenths of a percent.
Speaker 1: Pen your treasury of three thirty seconds, the yield two
Speaker 1: point nine five percent. That yield on the two year
Speaker 1: three point oh three nine mix. Frude oil is up
Speaker 1: nine tenths percent or eighty cents at ninety six dollars
Speaker 1: sixty four cents of barrel. Comex school this it'll change
Speaker 1: at seventeen twenty six and ounce. The euro is at
Speaker 1: one point zero zero four zero against the dollar, British
Speaker 1: found one point one eight nine nine and again one
Speaker 1: thirty seven point one four and bitcoins higher up one
Speaker 1: point seven percent at nineteen thousand, seven hundred sixty dollars.
Speaker 1: And that's a Bloomberg business flash. Now here's Michael Barrow
Speaker 1: with more unless going on around the world. Michael Karen,
Speaker 1: thank you very much. January six. Committee Vice cheer Liz
Speaker 1: Cheney revealed at the close of yesterday's hearing that former
Speaker 1: President Trump tried to call a witness in the investigation,
Speaker 1: and that the committee has notified the Justice Department. Also,
Speaker 1: former White House Council Patsypaloni testified a special order was
Speaker 1: drafted in December that would allow the Defense Department to
Speaker 1: see voting machines. Military officials from Russia and Ukraine are
Speaker 1: set to hold their government's first phase to face talks
Speaker 1: in months. They're meeting in Istan Bowlder discuss a U
Speaker 1: n plan to export blocked Ukrainian grain to world markets
Speaker 1: through the black Seat. In baseball, the Yankees and Mets lost.
Speaker 1: Also in the losing column, the Red Sox, the orioles
Speaker 1: As and Giants won global news twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take power by
Speaker 1: more than journalists and analysts more than a hundred twenty countries.
Speaker 1: Michael Barr this is Bloomberg. Nathan, Yes, it is Michael,
Speaker 1: Thank you. It is six nineteen on Wall Street live
Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak
Speaker 1: at six nineteen means we are about two hours and
Speaker 1: eleven minutes a give a take from the release of
Speaker 1: the June Consumer Price Index, what is likely to be
Speaker 1: another historically high read for inflation, and we're joined by
Speaker 1: Bloomberg Economics correspondent Michael McKee and Mike I know you
Speaker 1: saw that now traders are fully pricing in three quarter
Speaker 1: percentage point rate hikes at the July meeting. Sounds like
Speaker 1: the market has made its decision on just how hot
Speaker 1: this inflation print is gonna be. I think that's the case.
Speaker 1: Most FETE officials are sticking to their predictions because a
Speaker 1: lot of them have been out saying seventy in July,
Speaker 1: so we haven't really seen any backing off from that.
Speaker 1: And I think one of the reasons is the increase
Speaker 1: in the CPI for the month of June is so
Speaker 1: widely anticipated. Most of it's going to be driven by
Speaker 1: gasoline prices in the headline, and people know that's out there.
Speaker 1: The question is, what does the core look like. In
Speaker 1: other words, what does it look like if you take
Speaker 1: out gasoline and food prices and what's the month over
Speaker 1: month change? Are we hanging in there? Are we starting
Speaker 1: to see improvement on a month over month basis that
Speaker 1: doesn't isn't reflected in the headline because of base effects. Uh,
Speaker 1: that's what the fet is gonna want to know. They're
Speaker 1: gonna worry about maybe an accidental going over nine percent
Speaker 1: because they don't want inflation expectations to get entrenched. But
Speaker 1: they are going to watch the monthly change to see
Speaker 1: the progression of inflation. That's certainly what matters to the FED.
Speaker 1: The core cp I, and you look at the expectations
Speaker 1: on the ECO screen on the Bloomberg terminal, it sounds
Speaker 1: like economists are thinking, we're gonna see, uh slight drop
Speaker 1: in core cp I. What signs are you looking at
Speaker 1: that could point to where things are going in terms
Speaker 1: of inflation outside those more volatile food and gas sectors. Well,
Speaker 1: we know that used car prices at a wholesale level
Speaker 1: have gone down over the past month and a half
Speaker 1: of the Mannheim reports suggests that used car prices will
Speaker 1: have backed off, and that was a big driver during
Speaker 1: the months coming out of the pandemic because there were
Speaker 1: no cars to sell, so that would be good news.
Speaker 1: It's a reasonably large enough category. And also we know
Speaker 1: that inventories are very bloated, so consumer discretionary items, apparel
Speaker 1: in particular, maybe some other things might actually have seen
Speaker 1: a price decreases, retailer's discount trying to get rid of
Speaker 1: this stuff. What does this number mean in terms of
Speaker 1: the rate path going forward? Obviously we mentioned that money
Speaker 1: markets are pricing in seventy basis points this month, what
Speaker 1: about subsequent months? I mean, does backward looking data like
Speaker 1: this really matter? What's the Fed going to be looking
Speaker 1: at going forward? Well, the reason it really matters is
Speaker 1: because of consumer expectations. If people start to get entrenched
Speaker 1: in their mind that inflation is always going to go up,
Speaker 1: then that makes it much harder for the Fed to
Speaker 1: get rid of inflation to help bring it down. So
Speaker 1: it will matter in that sense. But the question that
Speaker 1: arises immediately at eight thirty one Eastern time this morning
Speaker 1: after the release is what is the Fed going to
Speaker 1: do at the September meeting. That's what matters to Wall Street,
Speaker 1: and no, this UM release probably won't have a major
Speaker 1: impact on that. It'll start people thinking about it. But
Speaker 1: we'll get August and September CPI numbers before where the
Speaker 1: Fed meets again, and so we'll have a much better
Speaker 1: idea of the progression of inflation. And of course, uh,
Speaker 1: I don't know if if you've noticed on your daily commutes,
Speaker 1: but the gasoline prices have been coming down now for weeks. Yeah,
Speaker 1: that's right about for seventy I think, is what I've
Speaker 1: seen around my area. Anyway, I've got about a minute
Speaker 1: left here, and I know you weren't thrown by this,
Speaker 1: but before street time this morning, we got a fake
Speaker 1: cp I print that made the rounds online yesterday. Is
Speaker 1: fake news, just gonna be with us when it comes
Speaker 1: to eco data. It seems like it was unusual that
Speaker 1: this happened because HICO data is not usually something that
Speaker 1: people care about. They do now and they you know,
Speaker 1: maybe it was an attempt by somebody to game the markets,
Speaker 1: but it quickly fell apart, So I'm not sure whether
Speaker 1: somebody else will try again. But you always have to
Speaker 1: be careful. And uh, you know what, Bloomberg will verify
Speaker 1: anything that goes out before we set it out. Yeah,
Speaker 1: when we verify that their fake stories are out there
Speaker 1: and post stories about that to let you know that
Speaker 1: the real stuff comes eight thirty Wall Street Time, as
Speaker 1: usual from the Bureau of Labor Statistics. Bloomberg Economics correspondent
Speaker 1: Michael McKee, thanks for being with us ahead of the
Speaker 1: release of June's cp I. Looking ahead to the market
Speaker 1: open at nine thirty Wall Street time, SMP futures are
Speaker 1: up eight points, DAL futures up fifty one, NASTAC futures
Speaker 1: higher by thirty five points ten. Your treasury is up
Speaker 1: four thirty seconds, with a yield of two point nine
Speaker 1: five percent, still inverted between twos and tens. The two
Speaker 1: year yield right now three point zero three percent. Nime
Speaker 1: x crew to touch higher, up a half percent, forty
Speaker 1: nine cents higher ninety six dollars, thirty three cents of
Speaker 1: barrel after yesterday's eight percent plunge in crude markets. Much
Speaker 1: more to com. You're listening to Bloomberg Daybreak Ye Bloomberg
Speaker 1: eleven three oh weather sunshine high your ninety today, opper
Speaker 1: eighties tomorrow with a chance drafting in showers and thunderstorms,
Speaker 1: mix of sun and clouds, Oper eights for Friday Right now,
Speaker 1: seventy and sunny in Central Park, broadcasting live from Bloomberg
Speaker 1: Interactive Broker's studio in New York, Bloomberg E Living free
Speaker 1: to Washington, d C, Bloomberg ninety nine one to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg Ning
Speaker 1: sixteen to the country, Sirius XM h at A one
Speaker 1: nine te and around the globe to Bloomberg Business at
Speaker 1: and Bloomberg Radio dot com. This is Bloomberg Daybreak 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 to the five things
Speaker 1: that you need to notice Dark your day. Brought to
Speaker 1: you by Interactive Brokers. Interactive Brokers charges margin loan rates
Speaker 1: from two point eight percent to three point eight percent,
Speaker 1: rates subject to change. Learn more at I b k
Speaker 1: R dot com. Slash compare first, who began with the
Speaker 1: latest Consumer Price Index, which will be released two hours
Speaker 1: from now, and Bloomberg's Viney down Judai says we're likely
Speaker 1: to see another hot inflation reading. May CPI rose eight
Speaker 1: point six percent you over a year abroad based increase
Speaker 1: in the largest and forty years. June's reading could be
Speaker 1: even higher based on a survey of Wall Street economists.
Speaker 1: At the same time, Bloomberg Economics, as today's report will
Speaker 1: be balanced by recent evidence that inflation as well as
Speaker 1: economic growth may be moderating. The Federal Reserve is expected
Speaker 1: to keep raising interest rates to contain inflation by tempering
Speaker 1: economic growth. Benny Ice, Bloomberg day Break, Okay, Vinny, thank you. Meantime,
Speaker 1: the International Monetary Fund cut it's month old growth projections
Speaker 1: for the U S economy. It's one of a broad
Speaker 1: based surgeon. Inflation poses systemic risks to both the US
Speaker 1: and the global economy and Federal Reserve Bank of Richmond
Speaker 1: President Thomas Barkin says the feds top priority is to
Speaker 1: curb inflation. The FEDS tools work over time, so I
Speaker 1: expect inflation to come down, but not immediately, not suddenly,
Speaker 1: and not predictably. I'd expect inflation to bounce around on
Speaker 1: its way back to our target, and these significant oscillations
Speaker 1: are going to take time to damp. Richmond FED President
Speaker 1: Thomas Barkin says the right policy is to cool inflation
Speaker 1: without causing a significant economic downturn, we'll higher gas at
Speaker 1: all prices have contributed to the inflations by Karen. This morning,
Speaker 1: Crude is up following yesterday's decline. Checking prices now, nime
Speaker 1: Excrudes up six tenths per cent or fifty nine cents
Speaker 1: at ninety six dollars forty five cents in barrel. Brent
Speaker 1: is at a hundred dollars two cents. Well incorporate news Nathan.
Speaker 1: Twitter's escalating its battle with Elon Musk and Bloomberg's or
Speaker 1: need a young joints life with more. Good morning Nina,
Speaker 1: Good morning Karen. Twitter is suing Elon Musk after he
Speaker 1: abandoned his forty four billion dollar takeover bid. The company
Speaker 1: is accusing him of having buyer's remorse after his fortune decline.
Speaker 1: Mind now. The lawsuit says that Twitter has bent over
Speaker 1: backwards to provide Musk with the information he's requested. He's
Speaker 1: disputed Twitter's claims that less than five percent of its
Speaker 1: users are bought and wanted more proof. This filing is
Speaker 1: set up what will be a closely watched battle in
Speaker 1: the Delaware court system. Live in New York. I'm gonna
Speaker 1: need a young Bloomberg daybreak. All right, we need to
Speaker 1: thank you. That's the five things that you need to
Speaker 1: notice start your day. Brought to you by Interactive Brokers. Again,
Speaker 1: futures are higher this morning and straight ahead your latest
Speaker 1: local headlines, plus a check of sports and this is Bloomberg.
Speaker 1: Thanks Karen six on Wall Street, seventy five degrees in
Speaker 1: Central Park. Problems headed the Jeff Careports southbound Van Wick's
Speaker 1: gotta crash at Atlantic Avenue. Details coming up in traffic.
Speaker 1: First Michael Barr with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: Tragedy in New York City. Two people are dead after
Speaker 1: a boat capsized in the Hudson River in Manhattan, but
Speaker 1: East Commissioner Keeaching Seul saysn't happened mid afternoon. This is
Speaker 1: a tragic day for New Yorkers. Indeed, it may have
Speaker 1: well been worse or not for the incredible effort by
Speaker 1: not only our own extraordinary first responders, but also the
Speaker 1: swift response from the New York Waterway Ferries, who rescued
Speaker 1: nine additional people from the water. A nearby ferry rushed
Speaker 1: to help pull people from the water. As mentioned by
Speaker 1: Police Commissioner teaching Seoul. At least nine others were sent
Speaker 1: to local hospitals. The mayor of Vivaldi Taxes is furious
Speaker 1: after video footage from the rob Elementary School hallway was
Speaker 1: leaked ahead of a private family viewing scheduled for this weekend.
Speaker 1: You've Aaldi Mayor Don McLoughlin says he feels the families
Speaker 1: were blindsided by the release of the tape and when
Speaker 1: it comes to the local, state and federal authority scene
Speaker 1: waiting in the hallway while the violence inside continued. McLoughlin
Speaker 1: wants everybody who's seen on the tape to be held accountable.
Speaker 1: I'm not shipping the blame, but there was enough half
Speaker 1: powered officers, US Martshalals, DPS, Border Patrol, DHS to come
Speaker 1: in and say, hey, we're going We're doing this. The
Speaker 1: Austin American Statesman and a local TV station released an
Speaker 1: edited version of the seventy seven minutes of valance video.
Speaker 1: According to seeing an anim one video shows the gunmen
Speaker 1: entering the school and walking down the hallway with a
Speaker 1: long rifle. The recording also shows officers approaching the classroom
Speaker 1: that the shooter was in, but then retreated down the
Speaker 1: hallway and took cover when gunfire is heard. It was
Speaker 1: more than an hour later before authorities confronted and killed
Speaker 1: the shooter. Sri Lanka's president fled the country early today,
Speaker 1: slipping away only hours before he promised to step down
Speaker 1: under pressure from protesters angry over economic chaos that has
Speaker 1: triggered severe shortages of food and fuel. Thousands of protesters
Speaker 1: are also demanding that the Prime minister resigned. A US
Speaker 1: gun rights groups sued to overturn New York's assault weapons
Speaker 1: ban less than a month after the U Supreme Court
Speaker 1: struck down the related state law that limited who could
Speaker 1: carry a handgun in public. The Firearms Policy Coalition says
Speaker 1: the band violates the Second Amendment. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than seven journalists and analysts more than
Speaker 1: a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan,
Speaker 1: thanks Michael, come up to sixty six on Wall Street.
Speaker 1: And John Stenshar has the Bloomberg Sports Update. Banks Dathan
Speaker 1: Yankees were cruising along at the stadium against the Cincinnati Reds,
Speaker 1: the team that began this season three and twenty two.
Speaker 1: Garrett Cole was sharp seven scoreless Indians, gave up only
Speaker 1: four hits, struck out eleven Anthony Rizzo by two runs
Speaker 1: single before there was an out in the first inning.
Speaker 1: Yanks took a three nothing lead to the ninth gave
Speaker 1: the ball to their all star Clay Holmes, who has
Speaker 1: been nearly perfect this season. He has taken the closer
Speaker 1: roll away from a role as Chapman. Homes then faced
Speaker 1: five batters and could not get anyone out, gave up
Speaker 1: two hits, the walk hit two batters. The Yanks were
Speaker 1: still one out from victory. To pitch India Lupson into
Speaker 1: short center field. It's down for a basive one rental score.
Speaker 1: Here come Salano pill score, and the Rats have come
Speaker 1: all the way back to take the lead shots in
Speaker 1: India with his second hit tonight, what's the Rets on
Speaker 1: top four to three, and at the final w l
Speaker 1: W and Cincinnati, the Reds of one five in a row,
Speaker 1: three straight Yankee losses blown leads in all three. The
Speaker 1: Mets loss in Atlanta four to one. The Braves got
Speaker 1: two run homers from Matt Olsen and Adam Duval. They
Speaker 1: are thirty and nine since June one. If Atlanta wins
Speaker 1: again this afternoon, they'll be only a half game behind
Speaker 1: the Mets and NHL free agencies on the way. The
Speaker 1: biggest name was of Jenny Malkin, but he is staying
Speaker 1: in Pittsburgh, where he has spent his entire sixteen year career.
Speaker 1: Got a new four year contract with the Penguins. Tiger
Speaker 1: Woods his first public comments about the new Lived tour,
Speaker 1: says he doesn't understand why anyone would want to give
Speaker 1: away a chance to play the major. Says they've turned
Speaker 1: their back on the PGA. Tiger passed up the US
Speaker 1: Open to get ready to play the Open Championship. He
Speaker 1: wanted to play St. Andrew's one more time while he
Speaker 1: feels he's still competitive the one Open Championship. Jess Off Tomorrow,
Speaker 1: johns Starre Shanwa, Bloomberg Sports. Thanks John sixty seven On
Speaker 1: Wall Street, Let's take a look at stocks some of
Speaker 1: the names moving in the pre market right now with
Speaker 1: Bloomberg Radio and TV Markets correspondent Crety cooped to create
Speaker 1: Let's get the update. Twitter versus Ellen Well. The lawsuit
Speaker 1: is certainly been filed, at least on Twitter side. They
Speaker 1: are officially suing Elon musk Over has abandoned forty four
Speaker 1: billion dollar takeover bid. Those shoes are higher by to
Speaker 1: tune about one point four percent. T W t R
Speaker 1: is your taker. This is important, Nathan, because we're talking
Speaker 1: about this being a suping filed in Delaware, which a
Speaker 1: lot of folks perhaps aren't familiar with with the chancery
Speaker 1: court there, but basically a lot of companies are incorporated
Speaker 1: in Delaware. It's a very business friendly environment. It's also
Speaker 1: in environment where it's kind of known to be sticking
Speaker 1: to the rules. If you say you're going to take
Speaker 1: over a company, they're going to enforce that. At least
Speaker 1: that's been the precedent there. So the idea here being
Speaker 1: that Twitter is does have the upper hand going into
Speaker 1: that law student, not necessarily that they're going to come
Speaker 1: out on the winning hand, but that is what the
Speaker 1: street take is for the moment. So tw t R
Speaker 1: rising on that prospect up one point four percent and
Speaker 1: was high. I should mentioned postmarket after that official lawsuit
Speaker 1: came out, Nathan. We should take with the tech story though,
Speaker 1: because Google is also very important to watch two stories here.
Speaker 1: G O O G is your ticker we'll start off there.
Speaker 1: The shares are about three tenths of a percent. But
Speaker 1: keep an eye on this one because two things happened.
Speaker 1: The first is alphabets. Google is planning to slow hiring
Speaker 1: for the remainder of the year. That's coming. According to
Speaker 1: an email to staff from the CEO, Soonder pitch, I
Speaker 1: you are also seeing alphabet stocks a little bit concerning
Speaker 1: when it tells that cow and They're trim their two
Speaker 1: Google Search and YouTube add estimates at following checks and
Speaker 1: suggested that search is seeing healthy demand but that the
Speaker 1: business ease is decelerating. This is something that was largely expected,
Speaker 1: but Cowen coming out and saying we'll really keep an
Speaker 1: eye on it because that deceleration could come faster than expected.
Speaker 1: Once again, Google shares g o O G up three
Speaker 1: tenths of one percent. All right, creating We just got
Speaker 1: earnings this morning from Delta Airlines. Big earnings miss, a
Speaker 1: big earnings miss, and I mean this is perhaps setting
Speaker 1: a poor precedent for some of its peers, American Airlines
Speaker 1: for example, or even United. We are going to hear
Speaker 1: from them, I believe going into next week with Delta shares, well,
Speaker 1: let's like they're up now one point three percent, but
Speaker 1: they were down far far more. What's interesting here is
Speaker 1: the difference between their operating margin and their capacity, because
Speaker 1: it says their third quarter capacity was down about fifteen
Speaker 1: to seventeen percent relative to pre COVID levels. There are
Speaker 1: also saying that Delta may buy about twelve more Airbus
Speaker 1: eight to twenty jets that according to Reuters, so perhaps
Speaker 1: expecting a little bit more demand there. So you do
Speaker 1: have some two conflicting forces. Um when it comes to
Speaker 1: how the stock is trading at the moment. Right now,
Speaker 1: it is up one point four percent. We're gonna see
Speaker 1: when the earnings call comes on what other color they
Speaker 1: can give about that capacity. But Nathan a stock to
Speaker 1: keep an eye on, Yeah, certainly. Bloomberg Radio TV Markets
Speaker 1: correspondent Crety Gupta with us this morning. She'll continue to
Speaker 1: be keeping an eye on stocks and the broader market,
Speaker 1: joining Tom Key and co hosting Bloomberg Surveillance on Bloomberg
Speaker 1: Radio all week, beginning at nine Wall Street time. This morning,
Speaker 1: sb futures up six points, staff features up thirty eight,
Speaker 1: nastac features up twenty six points. You're listening to Bloomberg
Speaker 1: Daybreak Bloomberg eleven three oh weather. Sunshine today with a
Speaker 1: high near ninety chance for afternoon showers and storms tomorrow.
Speaker 1: Oper eighties will have a mix of sun and clouds
Speaker 1: Friday and a high near ninety degrees once again right
Speaker 1: now seventy five degrees in Central Park. Markets. Headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business App, and at Bloomberg Quicktake, Tru's a
Speaker 1: Bloomberg Business lash and I'm Karen Moscow. Futures on the rise.
Speaker 1: This morning, we get to the first word breaking news
Speaker 1: dash for today's morning call. Here's Bill Maloney, Good morning,
Speaker 1: and good morning, Karen. Modest gains in the US futures
Speaker 1: right now a deaf features up fifty two points, sesamees
Speaker 1: gains seven one night stick features are up by thirty
Speaker 1: six the US ten years at two point nine five percent,
Speaker 1: Gold is little changed, Oil is in the green, and
Speaker 1: Big Coin is trading higher by one point seven percent.
Speaker 1: Shanghai was little changed overnight, while europ markets are in
Speaker 1: the red, led by one percent losses in Germany. Back
Speaker 1: in the US, on the economic front, at a thirty
Speaker 1: to consumer price index at two o'clock, the Fed releases
Speaker 1: it's beige book regarding earnings this morning, Delta EPs missed estimates,
Speaker 1: and in other news, Google plans is slow hiring for
Speaker 1: the remainder of the year. Wrapping things up, Armstrong World
Speaker 1: was raised by over Goldman Sax, Juniper was cut to
Speaker 1: underway to Piper, and Lazard was cut to underperform over
Speaker 1: at KBW Live from the first breaking news bestcom Doll
Speaker 1: Maloney care all right, Bil, thank you, and you mentioned
Speaker 1: Delta earning, so shares down nine tenths per cent in
Speaker 1: early trading right now, and to hear live breaking news
Speaker 1: over your Bloomberg types, squawk on your terminal squ a
Speaker 1: w K, that's a bloom 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. January six, Committee coach
Speaker 1: here Liz Cheney, said the panel had notified the Justice
Speaker 1: Department that Donald Trump himself had contacted the potential witness
Speaker 1: who was talking with the committee. The panel also presented
Speaker 1: evidence that Trump Ate secretly planned for a second rally
Speaker 1: stage across from the capital on the day of the attack.
Speaker 1: President Joe Biden lands in Israel this afternoon for a
Speaker 1: three day stop before heading to Saudi Arabia. Ron's quickly
Speaker 1: evolving nuclear program is high on the agenda. In baseball,
Speaker 1: the Yankees and Mets lost. Also in the losing column
Speaker 1: the Red Sox, the Orioles, A's and Giants. One Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Tank Power by more than journalists and then
Speaker 1: lists more than a hundred twenty countries. Michael Barr and
Speaker 1: this is Bloomberg. Karen, all right, Michael, thank you at
Speaker 1: a sixty nine on Wall Street. Returned to news and
Speaker 1: science and technology now at the Bloomberg and j I. T.
Speaker 1: Stam Report brought to you by New Jersey Institute of Technology,
Speaker 1: ranked to town fifty national public university by US News
Speaker 1: and World Report and number fourteen in the nation on
Speaker 1: Money's Best Colleges List. Learn more at n J I
Speaker 1: T dot E d U. And Here's what's making news
Speaker 1: and science, Technology, engineering and math. And Shanghai coronavirus cases
Speaker 1: appear to be leveling off after a recent surge. Still,
Speaker 1: residents have in urged to stockpile food and medicines that
Speaker 1: sparked fears that the city could return to lockdown. Shanghai's
Speaker 1: flare up is just one of the outbreaks. China's currently
Speaker 1: grappling with Mexican President Andreas Manuel Lopez overdoor, has agreed
Speaker 1: to spend one and a half billion dollars over the
Speaker 1: next two years to improve a smart border technology. During
Speaker 1: meetings with President Biden, a series of agreements the two
Speaker 1: countries hammered out called for several other concrete moves, including
Speaker 1: expanding the number of work visas the U S issues
Speaker 1: and creating a bilateral working group on labor migration pathways.
Speaker 1: And New York researcher has transplanted pig hearts into two
Speaker 1: brain said people over the last month. It's the latest
Speaker 1: innistring of developments in the long question of one day
Speaker 1: safe human lives with animal organs. The Food and Drug
Speaker 1: Administration is considering whether to allow a small number of
Speaker 1: Americans who need a new organ to volunteer for rigorous
Speaker 1: studies of either pig hearts or kidneys. And as a
Speaker 1: Bloomberg n j I t STEM report Nathan Okay, Karen,
Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers
Speaker 1: Studios or as six fifty on Wall Street time to
Speaker 1: check what's going on in d C. Some of the
Speaker 1: top stories in our nation's capital include the January six
Speaker 1: Committee making a mapping a path from a wild Trump
Speaker 1: tweet to the capital attack, President Biden on a Middle
Speaker 1: East trip that's all about oil, and Vice President Harris
Speaker 1: revealing a new Pacific strategy and encountering China. Let's bring
Speaker 1: in Bloomberg Government reporter Emily Wilkins for more on all
Speaker 1: these stories, starting with what we learned from the latest
Speaker 1: January six hearing. Emily, take us through what came out
Speaker 1: of it. It sounds like the panel is making the
Speaker 1: argument that the mob was galvanized by President Twitter. Yeah,
Speaker 1: that was definitely part of what happened at the hearing yesterday.
Speaker 1: The hearing really focused a lot on this one tweet
Speaker 1: set in the early hours of December nineteen from Trump
Speaker 1: basically telling his reporters supporters to come to d C,
Speaker 1: saying that it will be wild. Um and the committee
Speaker 1: also focused on what happened in the White House in
Speaker 1: the hours leading up to that tweet being sent. A
Speaker 1: meeting late in the evening on December eighteenth, Um that
Speaker 1: some advisors to the White President called unhinge. They said,
Speaker 1: it was profanity laced meeting where a number of the
Speaker 1: president's advisors were urging him to accept reality, and the
Speaker 1: you know, announced that he had lost the election, sort
Speaker 1: of call off his supporters. And then you had another
Speaker 1: group of Rudy Rudy Giuliani, UM and others who are
Speaker 1: telling Trump, know, what you need to do at this
Speaker 1: point is double down. We can find a way to
Speaker 1: make sure that that you know, we put forward these
Speaker 1: alternative elections and and find a way to fight and
Speaker 1: and see if you can still become president. And so
Speaker 1: it was a very interesting hearing, a really kind of
Speaker 1: delve into what the White House was like on a
Speaker 1: very particular night before Trump sent that tweet. We also
Speaker 1: learned that they expected to have a second stage. Remember
Speaker 1: there was the here, there was the event on the ellipse,
Speaker 1: but there was also going to be another event closer
Speaker 1: to the Capitol Um. They also dug into the fact
Speaker 1: that the march of the Capitol was planned from the
Speaker 1: start um and that Trump initially had it in a
Speaker 1: draft of his speech. And then at the very end
Speaker 1: of the hearing, vice chair Liz Cheney revealed that Trump
Speaker 1: had tried to call a witness in the investigation, UM,
Speaker 1: and that they had to learn alerted the Department of
Speaker 1: Justice to that. Interesting that final point to come out
Speaker 1: from the vice chair of the committee, and it sounds
Speaker 1: as though they may be pointing to the possibility of
Speaker 1: at least referring this to the Justice Department. I mean
Speaker 1: that has some pretty serious implications. Yes, I mean, this
Speaker 1: would be this muind to be witnessing tampering. I mean,
Speaker 1: this is an investigation and congressional congressional in the investigation
Speaker 1: that's going on. They did refer this to to the
Speaker 1: Department of Justice. Um, there's certainly, you know, other questions
Speaker 1: about Remember, as everything happens with January six, there's also
Speaker 1: the Justice Department to keep an eye on because there
Speaker 1: are also watching their own investigation into this. They've brought
Speaker 1: charges against folks UM, and so they're sort of, uh,
Speaker 1: not perfectly working together. It will be it would be
Speaker 1: inaccurate to say that, but certainly you've got two bodies
Speaker 1: there who are very much focused on getting to the
Speaker 1: bottom of what happened in the months leading up to
Speaker 1: January six and on the day itself. Okay, let's turn
Speaker 1: to President Biden's trip to the Middle East. He's heading
Speaker 1: to Israel right now, multiple challenges to address, and we've
Speaker 1: already gotten some news made on the way. Yeah, we've
Speaker 1: got at this point a schedule about what exactly Biden
Speaker 1: is going to be doing. We know that he will
Speaker 1: be meeting with Saudi crown parents Mohammed bin Salmon on
Speaker 1: Friday night as long as other Saudi leaders. Uh. He's
Speaker 1: also expected to do an announcement on food security on
Speaker 1: Thursday and talk about the importance of sustainable energy supply
Speaker 1: level on UH during the trip as well. But Nathan,
Speaker 1: this is gonna be a tough trip for President Biden.
Speaker 1: I mean, he's coming at a time where his approval
Speaker 1: rating is very low, even compared to his most recent
Speaker 1: predecessor in this office. Uh. And you've got a pretty
Speaker 1: big goal. He needs to try and figure out a
Speaker 1: way to stabilize gas prices, lower gas prices, and that's
Speaker 1: going to come to an ask to the Saudi government
Speaker 1: to be able to ramp up productions. Stabilize helps stabilize
Speaker 1: the region, and that's really not a guarantee that that
Speaker 1: is going to happen. At the same time, he's got
Speaker 1: a lot in his own party who are frustrated with Hi,
Speaker 1: saying that he should not be going to Saudi Arabia
Speaker 1: because of their record of human rights abuses and their
Speaker 1: actions with Washington Post journalists Jamal because Sogi, who an
Speaker 1: intelligence report revealed that was killed at the hands of
Speaker 1: the Saudi government. So lots for the president to try
Speaker 1: to overcome as he makes his way through the Middle
Speaker 1: East over the next few days. Let's talk about this
Speaker 1: new UH strategy focused on Pacific nations that came out
Speaker 1: from Vice President Kamala Harris. What's the focus there, because
Speaker 1: so the idea is to really prioritize pecific nations in
Speaker 1: foreign policy as well as addressing some concerns over exclimate
Speaker 1: change and the whole idea here, Nathan is that what
Speaker 1: they really want to do is our counter China's bid
Speaker 1: in that nation. They want to make sure that they're
Speaker 1: building up US influence and relationships with allies that are,
Speaker 1: you know, physically close to China. And so Vice President
Speaker 1: Kamala Harris announced the plans to in more embassies UM.
Speaker 1: She's talked about having more officials at the White House
Speaker 1: and executive level that are working in the area. UM.
Speaker 1: And you know, this is also coming as other US
Speaker 1: allies in Australia and New Zealand are ramping up their
Speaker 1: relationships with Pacific island nations. Of course, for a lot
Speaker 1: of these nations, a big concern for them is climate
Speaker 1: change and what's going to happen. I mean, if you
Speaker 1: were a tiny island out in the middle of the ocean,
Speaker 1: it's a huge concern. And so they are taking steps
Speaker 1: to try and making sure that they're addressing climate change,
Speaker 1: stepping up sort of talking more to the leaders of
Speaker 1: those specific island nations about what is needed um and
Speaker 1: finding ways to address it. Yeah. Interesting to see the
Speaker 1: focus continue to be on China and the challenge there,
Speaker 1: even as President Biden heads over to the complete other
Speaker 1: side of the Asian con and Bloomberg Government reporter Emily
Speaker 1: Wilkins thank you for this from the nation's capital. Read
Speaker 1: more about all these stories on Bloomberg dot com or
Speaker 1: on the Bloomberg terminal, and listen to Bloomberg Radio in
Speaker 1: Washington Bloomberg and one oh five point seven FM HD two.
Speaker 1: Head of the release of June consumer prices, futures are
Speaker 1: moving to touch higher mentioned earlier, traders are now fully
Speaker 1: pricing in seventy five basis point rate hikes from the
Speaker 1: FED at the upcoming July meeting. Right now, SMP futures
Speaker 1: up six points, now features up forty NASTACK futures are
Speaker 1: higher by thirty one points. The tenure treasury is up
Speaker 1: five thirty seconds. The yield two point nine four percent.
Speaker 1: Yield on the two year higher at three point zero two.
Speaker 1: Nim X screwed up seven tenths percent, nineties six dollars
Speaker 1: fifty cents of barrel bitcoin nineteen thousand, seven hundred dollars.
Speaker 1: Bloomberg Surveillance is up next with Tom King, Jonathan Farrow,
Speaker 1: and Lisa abramoids for Karen Moscow. I'm Nathan Hagar, and
Speaker 1: this is Bloomberg