Speaker 1: Live from the Bloomberg Interactor Broker Studios. Is Bloomberg day
Speaker 1: Break for Thursday January two. Coming up this hour. Markets
Speaker 1: react after the Fed takes a hawkish tone that's on
Speaker 1: rate hikes climb, with traders now predicting five increases. Earnings
Speaker 1: also hit sentiment as outlooks from Intel and Tesla disappoints,
Speaker 1: and Chuck Schumer promises quick action to fill Justice Stephen
Speaker 1: Brier spot on the Supreme Court. A winter storm bears
Speaker 1: down on the city, and President Biden will visit New
Speaker 1: York to focus on gun violence. On John Tucker, those
Speaker 1: stories straight ahead, I'm John stas Shower. Sports, the Heat
Speaker 1: beat the Knicks, the Nuggets beat the Nets, and they're
Speaker 1: playing the women's semifinals at the Australian Open. That's all
Speaker 1: straight ahead on Bloomberg day Break on Bloomberg eleven three
Speaker 1: on New York, Bloomberg Washington, d C, Bloomberg one O
Speaker 1: six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x
Speaker 1: M one nine Team and around the world Old on
Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business Set.
Speaker 1: Good morning, I'm Nathan Hagar, and I'm Karen, Moscow and
Speaker 1: US futures, we're looking a stage a comeback, but they're
Speaker 1: lower once again. It is currently six oh one on
Speaker 1: Wall Street and we check the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg. Right now, SMP futures
Speaker 1: are down twelve points down, futures down eight eight, NASDAG
Speaker 1: futures down forty eight. The decks in Germany's down seven
Speaker 1: tenths of upper cent ten year treasury up eight thirty seconds.
Speaker 1: He had one point eight three percent. They yield on
Speaker 1: the two year one point one nine percent. Ninem Ex
Speaker 1: screwed oil. It is little change at eight seven thirty
Speaker 1: four cents of barrel and bitcoin this morning at thirty
Speaker 1: six thousand, three hundred fifty dollars. Nathan Karen. Stocks did
Speaker 1: sell off overnight after yesterday's hawk is tilt from the Fed.
Speaker 1: We had seen some evidence of dip buying this morning,
Speaker 1: but as you mentioned, US futures are back in the
Speaker 1: red chair. J Powell is signaling a March interst rate hike,
Speaker 1: but stoking speculation as well about more aggressive policy in
Speaker 1: the months ahead. I think there's quite a bit of
Speaker 1: room to raise interest rates without threatening the labor market.
Speaker 1: This is, by so many measures, a historically tight labor market.
Speaker 1: The yield curve flattened on the heels of those comments
Speaker 1: from j Pal this morning, two year yields are rising
Speaker 1: while tens and thirties fall. Former Fed Vice chair Alan
Speaker 1: Blinder expects to rate hike at every meeting going forward.
Speaker 1: Think about where we are now, We're almost as zero
Speaker 1: rate four rate hike is puts you just above one
Speaker 1: per cent. That's hardly a central bank that's trying to
Speaker 1: clamp down on its economy. Former vice chair Allen Blinder
Speaker 1: says the Fed will continue to be data dependent. In
Speaker 1: this morning, money market surprising five rate hikes from the
Speaker 1: Fed this year, and US stocks sank after the Fed decision, Nathan,
Speaker 1: and that trend continued overnight with heavy selling in Asia.
Speaker 1: We get the recap from blooming Bloomberg's Juliette Sally in Singapore.
Speaker 1: Good morning, Juliette, Good morning Karen. The MSCI Asia Pacific
Speaker 1: INEX posted its biggest drop since February to hold a
Speaker 1: fourteen month lows, as a number of indexes in the region.
Speaker 1: Tajd Auno entered bad market and correction territory China's cs
Speaker 1: I three hundred twenty percent from its February pake to
Speaker 1: enter a bad market. South Koreas cost me also entering
Speaker 1: a bad market. Australia's ESSEX two hundred was down ten
Speaker 1: pa cent from its August peake to enter correction in Singapore.
Speaker 1: Juliet Sale, Bloomberg Daybreak, All right, Juliete, thank you. So
Speaker 1: how much further is the Federal Reserve willing to let
Speaker 1: stock slide? We have a prediction from the world's biggest
Speaker 1: hedge fund, and Bloomberg. Rnita Young joins US Live with
Speaker 1: the details. Good morning, Granita, Good morning Nathan. It's the
Speaker 1: burning question of the moment for market watchers. At Bridgewater Associates,
Speaker 1: co Chief investment officer Greg Jensen says the Fed could
Speaker 1: let stocks drop as much as twenty more. That would
Speaker 1: put the S and P five hundred below thirty hundred,
Speaker 1: near its pre pandemic level. Jensen says, so far, the
Speaker 1: decline over the past few weeks has been mostly healthy
Speaker 1: because it's deflated some of the bubbles, like cryptocurrencies. Live
Speaker 1: in New York. I'm Goranita Young, Bloomberg Daybreak, All right, Grania,
Speaker 1: thank you about stocks are also under pressure this morning
Speaker 1: from earnings, including disappointing results from Intel. The shipmakers out
Speaker 1: with a weak profit forecast for the current quarter, and
Speaker 1: we get the story from Bloomberg's Charlie Pillett. The report
Speaker 1: is fueling concern that the cost of CEO Pat Gelsinger's
Speaker 1: turnaround plan will weigh heavily on the chipmaker's financial performance.
Speaker 1: Though demand for server chips is helping bolster sales, the
Speaker 1: forecast ads evidence that profit is suffering from an Intel
Speaker 1: spending spree. Gelsinger, who took the helm last year, has
Speaker 1: embarked on an ambitious plan to overhaul Intel's manufacturing that
Speaker 1: includes a new factory hub and Ohio announced last week
Speaker 1: that could cost twenty billion dollars in New York. Charlie
Speaker 1: Pellet Bloomberg day Break, All right, Charlie, thank you. Shares
Speaker 1: of Tesla are also dropping this morning. They're down one
Speaker 1: in the third percent after the company posted profit above
Speaker 1: estimates but warn't supply chain problems will persist. Ed Ludlow
Speaker 1: has details from our Bloomberg nine sixty newsroom in San Francisco.
Speaker 1: Executives said that production volumes at the plant in Fremont
Speaker 1: California and in Shanghai have been a pressed for several
Speaker 1: quarters due to the ongoing supply chain crunch that includes,
Speaker 1: of course, a shortage of semiconductors, and that meant one
Speaker 1: big thing this year, Tesla will not be launching any
Speaker 1: new products. That means no cyber truck, no semi truck.
Speaker 1: And the logic that Elon must put behind that was
Speaker 1: that if they don't have the parts to build or
Speaker 1: ramp up production of their existing products, then they shouldn't
Speaker 1: move quickly onto new products going forward. Ed Lovelow, Bloomberg News,
Speaker 1: San Francisco, and thank you the teker and age continue
Speaker 1: to roll in today. Up next to Apple reports this afternoon,
Speaker 1: and we get a preview from Bloomberg's Tom Busby. Well.
Speaker 1: The big question for Apple's first quarter results how big
Speaker 1: were holiday sales of its new iPhone thirteens, as well
Speaker 1: as the iPad Mini, the MacBook Pro, the Apple Watch
Speaker 1: Series seven, and it's updated air party or phones. Also
Speaker 1: whether that global computer chip crunch and supply chain bottlenecks
Speaker 1: impacted sales and production. Bloomberg economist forecast revenue during the
Speaker 1: all important holiday quarter top one D nineteen billion dollars,
Speaker 1: more than half of that from sales of iPhones on
Speaker 1: non adjusted earnings of a dollar ninety a share tom
Speaker 1: Busby Bloomberg Daybreak Thanks Tom. Earnings in Europe are also
Speaker 1: in focus. Shares of Deutsche Bank OR up almost five
Speaker 1: and a half percent. Germany's largest lender, says it will
Speaker 1: quote significantly exceed its revenue guidance for the coming year.
Speaker 1: Deutsche Bank saw gains in debt trading and its mergery
Speaker 1: our merger advisory business in the fourth quarter. And turning
Speaker 1: to politics now, Nathan President Biden looks poised to make
Speaker 1: a mark on the Supreme Court. We're told Justice Stephen
Speaker 1: Bryer plans to retire at the end of this term.
Speaker 1: Senate Majority Leader Chuck Schumer is leading tributes to the
Speaker 1: high courts. Most senior liberal, he was a model jurist.
Speaker 1: He had huge impact on people's lives in terms of
Speaker 1: voting rights, women, women's rights, and reproductive rights, in terms
Speaker 1: of the environment, and maybe most of all, on the
Speaker 1: a c a UH, the Affordable Care Act, making sure
Speaker 1: it's state. Senator Schumer is promising a quick timetable to
Speaker 1: confirm Brier's successor. President Biden has promised in aim a
Speaker 1: black woman to the High Court. And right now, SMP
Speaker 1: futures are down six point, Staff futures down fifty four.
Speaker 1: Nasdaq futures are lower by eighteen points. The tenure treasury
Speaker 1: is up nine thirty seconds. The yield one yield on
Speaker 1: the two year one point one nine. Local news and
Speaker 1: to check of sports. Next, this is Bloomberg at six
Speaker 1: oh seven on Wall Street where eighteen degrees in Central Park.
Speaker 1: Still dealing with big delays on the northbound Connecticut Turnpike
Speaker 1: with two tractor trailers involved in an accident. John Tucker
Speaker 1: is here with more on what's going on in New
Speaker 1: York and around the world. John and Na said, we're
Speaker 1: watching a powerful snow storm that's sent to sweep up
Speaker 1: the East Coast starting tomorrow. At Bloomberg, Meteorologist Rob Carolin
Speaker 1: joins us with the very latest. Good morning, Rob, John.
Speaker 1: The computer model is still not an agreement on the
Speaker 1: storm coming up for Saturday. The US model takes it
Speaker 1: out to see while most of the international models have
Speaker 1: a fairly significant storm for the Triston area. I think
Speaker 1: that's why the National Weather Surfaces put a winter storm
Speaker 1: watch up for Friday evening through sat. Sturday evening for
Speaker 1: the coast, including the city in Long Island and Westchester County,
Speaker 1: New York. Looks like the snow will arrive by mid
Speaker 1: to day and afternoon tomorrow. In the Tristate area, should
Speaker 1: be done by Saturday evening. Right now, two to six
Speaker 1: inches looks likely. John Bloomberg Meteorologist Rob Carolyn, Thanks check
Speaker 1: your flight this morning, and it's not because of the weather.
Speaker 1: United says it's experiencing an I T outage and teams
Speaker 1: are working to get it resolved. President Biden will promote
Speaker 1: his administration's efforts to fight gun crime in New York
Speaker 1: next week with Mayor Eric Adams, who's confronting a spade
Speaker 1: of violence, including the shooting deaths of two police officers.
Speaker 1: The President will try to highlight increase federal funding for
Speaker 1: state and city law enforcement. A floria of meetings regarding
Speaker 1: Russia and Ukraine appear to have made a bit of progress.
Speaker 1: The story from Bloomberg's Aad Baxter. NATO Secretary General John
Speaker 1: Staltenberg is urging a direct meeting with Russia. We are
Speaker 1: prepared to listen to Russia's concerns. Real conversational how to
Speaker 1: uphold strength and the amount of principles all European insecuted
Speaker 1: that we have old as well. In Paris, direct meetings
Speaker 1: with high level diplomats from Ukraine and Russia, both saying
Speaker 1: marginal improvement, have set up another meeting in two weeks
Speaker 1: in Berlin, and the US has delivered a letter to
Speaker 1: Russia with proposals to end the standoff. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg Daybreak, New York's mt A looking
Speaker 1: at ways to prevent people from falling. You're jumping out
Speaker 1: of subway tracks. A test force plans to explore sensors
Speaker 1: and platform doors. Homeless person this month killed a woman
Speaker 1: by pushing her onto the tracks in front of an
Speaker 1: oncoming train at the Times Square station. And Amazon dot
Speaker 1: Com was unable to escape a lawsuit filed by convicted
Speaker 1: murder in New York who claims the company's refusal to
Speaker 1: hire him as a delivery driver was discrimination. A judge
Speaker 1: rule that Henry Franklin's crime had no bearing at whether
Speaker 1: he could deliver groceries. Global News twenty four hours a
Speaker 1: day on Aaron on Bloomberg Quicktake power by more than
Speaker 1: twenty seven hood journalists and analysts in more than one
Speaker 1: twenty countries. I'm John Tucker. This is Bloomberg Nathan all Right. John. Thanks,
Speaker 1: coming up to six ten on Wall Street. Time for
Speaker 1: the Bloomberg Sports update. Here's John all Right. Nathan. Nick's
Speaker 1: unable to beat the Heat in Miami. Trailed by fourteen
Speaker 1: in the first quarter, by twenty eight and the third.
Speaker 1: The final a little more respectable. But Miami, who leads
Speaker 1: the East one at one ten to nineties six. The
Speaker 1: Heat had four players scored twenty or more, Duncan Robinson
Speaker 1: at twenty five. He made seven three pointers. The Knicks
Speaker 1: leading score was Obi Toppin with eighteen. Not a loss
Speaker 1: for the Nets in Brooklyn, where they are just twelve
Speaker 1: and thirteen. They were without the entire Big three as
Speaker 1: James Harden sat out for the minor ham spring injury.
Speaker 1: In Denver, scored forty two points in the third quarter
Speaker 1: of the Nuggets one to one eighteen. Rangers skate tonight
Speaker 1: in Columbus, then come home tomorrow for Henrik Lunquist night.
Speaker 1: Seaton Hall lost at home to Marquette seventy three sixty
Speaker 1: three of the five is just three and six in
Speaker 1: the Big East Ash Party continues to steam roll at
Speaker 1: the aust only at Open six one, six three at
Speaker 1: the semifinals over American Madison Keys, Party has won all
Speaker 1: twelve sets, has only lost twenty one games. American Daniel
Speaker 1: Collins playing now he's won the first set of her
Speaker 1: semifinal match. Introductory his conference of MetLife Stadium for new Giants,
Speaker 1: gentlemanager Joe Shane and owner John Mara. When asked about
Speaker 1: quarterback Daniel Jones said, we've done everything possible to screw
Speaker 1: this kid up. Shane seems happy with the incumbent QUB.
Speaker 1: I know he's a great kid. He's been in this
Speaker 1: building the last two days. I'll talk to him. There's
Speaker 1: not anybody in this building that's said a bad word
Speaker 1: about his work, Ethic, passion, you know, desire to win,
Speaker 1: and I think you got to have those traits as
Speaker 1: a quarterback. And the kid has physical ability. You know,
Speaker 1: he's got arms strength, he's athletic, he can run. So
Speaker 1: I'm really getting I'm really excited to work with Daniel.
Speaker 1: A lot of other key decisions, including hired a new coach.
Speaker 1: Shane will interview former Miami Dolphins head coach Brian Flores today.
Speaker 1: John Stashi aware of Bloomberg scores all right, John, Thanks.
Speaker 1: SESP futures down five point, Staff futures down fifty two,
Speaker 1: nests Act futures lower by eight points. Testlessar is down
Speaker 1: one point. Dan Ives of web Bush joins us Next
Speaker 1: Bloomberg eleven three oh weather high your thirty today with
Speaker 1: a winter storm watch kicking in tomorrow night, lasting into
Speaker 1: Saturday night. Two to six inches of snow possible from
Speaker 1: an over easter tomorleshigs and mid thirties low twenties for Saturday. Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. This is a Bloomberg Business flash and I'm
Speaker 1: par in Moscow and you have stock in Next. Futures
Speaker 1: have been jumping around a bit this morning following US
Speaker 1: sell offs marked by a hawkish federal reserve. We checked
Speaker 1: the markets every fifteen minutes throughout the trading day on
Speaker 1: Bloomberg and right now, SNP futures are a little change down.
Speaker 1: Futures are as well as well as Nest Deck futures.
Speaker 1: The decks in Germany is down half per cent the
Speaker 1: ten year Treasury up eight thirty seconds one point three percent,
Speaker 1: and they yield on the two year one point one
Speaker 1: nine percent. Nine X true oil is it'll changed at
Speaker 1: eighty seven dollars forty two cents a barrel. Comex Scholl
Speaker 1: down one point one percent, down twenty dollars forty cents
Speaker 1: at eighteen eleven sixty an ounce. The Euro one point
Speaker 1: one eight nine against the dollar, British found one point
Speaker 1: three four oh shoo, and the yen is at one
Speaker 1: fifteen point to zero Bitcoin this morning at thirty six thousand,
Speaker 1: four hundred sixty dollars. Today we are watching for the
Speaker 1: weekly report on initial jobless claims at at eight thirty
Speaker 1: Wall Street time, along with durable goods orders and pending
Speaker 1: home sales are out of ten. That's a Bloomberg business flash.
Speaker 1: Now here's John Tucker with Moore on what's going on
Speaker 1: around the world. John and sent a. Democrats Karen planned
Speaker 1: to move swiftly to replace retiring Supreme Court Justice Stephen Bryer.
Speaker 1: Dozens of United flights delayed this morning after the airline
Speaker 1: reported a company wide technology outage. South Korea's military says
Speaker 1: North Korea Fire two is suspended. Ballistic missiles into the
Speaker 1: sea in a sixth round of weapons launches this month, sports,
Speaker 1: the Nix and Nets both lose, and on the ice
Speaker 1: the Capitals lose the Bruins fault of Colorado in overtime
Speaker 1: after the Australian opened women's semifinals as Lee Barney defeats
Speaker 1: American Madison Keys in straight Sense Global News twenty four
Speaker 1: hours a day on a round Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalist and analysts and more
Speaker 1: than one twenty countries. I'm John Tucker. This is Bloomberg,
Speaker 1: Nathan John, Thank you, six nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactor Broker Studios. This is Bloomberg Daybreak.
Speaker 1: As we watched sort of the market shifting this morning,
Speaker 1: We're continuing to keep our eyes on shares of Tesla
Speaker 1: after the electric carmaker reported earnings that came in at
Speaker 1: a record actually, but the shares this morning are lower
Speaker 1: by a little more than one percent with supply chain
Speaker 1: issues keeping the brakes on new models for Elon Muskin Company.
Speaker 1: Joining us now someone who has been very bullish on
Speaker 1: Tesla and the tech sector more broadly, Dan Ives, Senior
Speaker 1: Equity research channelist and managing director at Red Bull Securities, Dan,
Speaker 1: Good morning. Seems like the supply chain, the outlook is
Speaker 1: what's got investors attention this morning. Isn't shaking your thesis
Speaker 1: at all on Tesla going forward? Yeah, I mean, look
Speaker 1: not at all. I mean right now that they have
Speaker 1: a supply problem, on demand problem demand that Strive been
Speaker 1: supply by about and I think the big story from
Speaker 1: last night is Austin, which is the main factory now
Speaker 1: in the US that's actually open and start and produced cars,
Speaker 1: along with eight battery, which is probably the most innovative
Speaker 1: battery technology out there. You put all together, this is
Speaker 1: a knee jerk reaction and risk off market. I think
Speaker 1: ultimately investors digestive as bullish. What about the fact that
Speaker 1: Elon Musk came out in the call last night something
Speaker 1: he hadn't done the last time Tesla reported earnings and
Speaker 1: pretty much confirmed that a lot of these delayed models
Speaker 1: like Cybertruck and some of the other models coming down
Speaker 1: the pike are going to have to be delayed even
Speaker 1: longer we'll be supplied. Is an unprecedented issue that we're
Speaker 1: seeing for automakers around the world. For Tesla, they got
Speaker 1: to focus right now and ramping Model Y production and
Speaker 1: Model three because you're talking about five six, seven month
Speaker 1: weeks for those cars. The last thing you want to
Speaker 1: see them do is now trying to juggle another ball
Speaker 1: and bring Cybertruck into it. And it's a smart movie.
Speaker 1: You push you two thousand three. Right now, demand significantly
Speaker 1: on stripping supply. They got to focus on ramping Giga Austin, Brewin,
Speaker 1: in Europe, and ultimately, if you look at EVS right now,
Speaker 1: I mean the Altar, the underlying story for Tesla is bullish.
Speaker 1: As they continue extend that lead on EVS, does it
Speaker 1: become more difficult to ramp up production in Austin and Berlin? Though,
Speaker 1: when the Tesla and a lot of other automakers more
Speaker 1: broadly are dealing with these supply chain issues, no doubt.
Speaker 1: I mean, Tesla is let's say, gotten from about fifty
Speaker 1: percent growth in terms of deliveries just coming year when
Speaker 1: point four one point five million, if not for the
Speaker 1: chip shortage, that's probably closer to one point seven one
Speaker 1: point eight million. So so it's really taking off a
Speaker 1: chunk ten twelve percent of automobiles that can't be made
Speaker 1: because of the chip shortage. But again, this is something
Speaker 1: where the street understands this. It's a reality. And if
Speaker 1: you look at the ultimate demand story and what's happened
Speaker 1: on the battery technology, which is super important, that's a
Speaker 1: big part of the competitive mode. That's what investors are
Speaker 1: gonna glean at this call. And even though it's a
Speaker 1: risk off market, look at a lot of these knee
Speaker 1: jerk reactions. Microsoft after market down five percent, up four
Speaker 1: percent once that they started. So I think you're going
Speaker 1: to see that in this jittery tape. Yeah, I gotta
Speaker 1: wonder whether we're gonna see more jitters when Apple reports
Speaker 1: its earnings after the bell later this afternoon. Supply chain
Speaker 1: issues are in focus for them as well. Dan, It's
Speaker 1: gonna be a similar narrative as Tesla. Demand outstripping supply.
Speaker 1: We just can't make another five pots because coming out
Speaker 1: of China and the Asia supply chain. And I think
Speaker 1: this is just the reality investors are gonna grapple with
Speaker 1: across chips, across the tech sector. But I do believe
Speaker 1: that it's something that's already started get baked into these
Speaker 1: stocks and what we were over sold names specifically names
Speaker 1: like Tesso and Apple, and I think you could fundamentals
Speaker 1: this week in the vacuum of FED news, it's been
Speaker 1: bullish for tech. Company is a fit and beat and
Speaker 1: I think that's important going forward. So when it comes
Speaker 1: to Apple, then in our last minute here, Dan, we're
Speaker 1: coming out of the holiday sales period as well, in
Speaker 1: this reporting cycle that Apple's coming into. What's your expectation
Speaker 1: on what Apple is gonna come out with strongest product
Speaker 1: cycle in a decade in capputina, I think you look
Speaker 1: at iPhone units. We think they sold forty million during
Speaker 1: the holiday season alone. That would be the strongest holiday
Speaker 1: ever for Apple, even though they have a chip shorts
Speaker 1: that took out about ten million units. Services is the key,
Speaker 1: that's the rate, and that's worth you know, we be
Speaker 1: one point five trillion and Apple it's a safety planking
Speaker 1: name in the market storm and I think this is
Speaker 1: one that's going to ultimately be another positive data point
Speaker 1: for tech in this sort of backdrop of a FED
Speaker 1: rising rate environment where investors are seeing at risk off interesting.
Speaker 1: Always good to get your thoughts stand on tech. Thanks
Speaker 1: so much. Dan Ives is senior equity research channelist Managing
Speaker 1: director at Wedbush Securities, looking ahead to those Apple earnings
Speaker 1: after the closing bell today, The shares this morning are
Speaker 1: moving a touch higher. They're up about three tenths of
Speaker 1: one per cent. As for Tesla, still lower in the
Speaker 1: pre market after the forecast for no further products nor
Speaker 1: at least no new ones in this current year. Tesla
Speaker 1: shares right now down almost one and a half percent.
Speaker 1: As for the broader market, kind of shaky. SMP futures
Speaker 1: down three points down Down, futures down forty six, Nasdaq
Speaker 1: futures little changed to in your treasury one point eight
Speaker 1: three percent yield. This is Bloomberg Bloomberg eleven three oh
Speaker 1: weather high in your thirty today. Winter storm watch tomorrow
Speaker 1: tonight Tomorrow night into Saturday, two to six inches possible
Speaker 1: from the northeastern mid thirties tomorrow low twenties for Saturday
Speaker 1: eighteen degrees. Currently broadcasting live from the Bloomberg Interactive Broker
Speaker 1: Studio in New York. Bloomberg e loving free to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg one six one does
Speaker 1: San Francisco, Bloomberg nine sixty to the country Sirius xm
Speaker 1: Cho one nineteen and around the globe. The Bloomberg Business
Speaker 1: app and Bloomberg Radio dot com. This is Bloomberg Daybreak
Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hagar
Speaker 1: and I'm fair in Moscow. We're just about three hours
Speaker 1: away from the open of US trading. Time for the
Speaker 1: fine things you need to notice start your day. Brought
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Speaker 1: v k R dot com slash g a up first.
Speaker 1: Stocks are mixed around the world this morning. That's after
Speaker 1: the Feder reserves hankish tone on interest rates. At one
Speaker 1: point NASDACK futures were down more than two percent, but
Speaker 1: they're now higher, but they've been jumping around. They are
Speaker 1: higher by about two tenths of a percent right now.
Speaker 1: Jeff Rosenberg of black Rock says the Fed has a
Speaker 1: tough job ahead. How difficult it is for the Fed
Speaker 1: to navigate to that soft landing that's implicit in those
Speaker 1: SEP forecasts, and that really raises the risks here, I
Speaker 1: think for financial markets and black Rocks. Jeff Rosenberg says
Speaker 1: the market had anticipated a more dubbish message from the Fed,
Speaker 1: and now the question, Karen, is just how many times
Speaker 1: the Fed raises rates. Let's get the latest live with
Speaker 1: Bloomberg's Rnita Young. Good morning, Ranida, Good morning Nathan. Traders
Speaker 1: are ramping up bits to see five fit rate hikes
Speaker 1: this year that would bring the Central Bank's target rate
Speaker 1: to around one and a half percent. The wagers are
Speaker 1: rippling through markets, with short dated bonds and equities slumping.
Speaker 1: Money markets are pricing thirty basis points of FED tightening
Speaker 1: in March. That means some see a chance for a
Speaker 1: fifty point hike and it all comes as fit. Chair
Speaker 1: j Pal strikes a hawk is tone and signals the
Speaker 1: first rate increase in March. Live in New York. I'm
Speaker 1: goned a Young Bloomberg Daybreak, need to thank you. Corporate
Speaker 1: earnings are also weighing on stock shares. An Intel down
Speaker 1: more than two and a half percent after the shipmaker
Speaker 1: gave a disappointing profit forecast. An Tesla shares are down
Speaker 1: more than one percent care in the company set a
Speaker 1: record for profit, but more in supply chain problems will
Speaker 1: keep it from introducing new vehicle models this year outside
Speaker 1: of the markets Nathan Politics front and center. President Biden
Speaker 1: has boys to make a mark on the Supreme Court
Speaker 1: afterward that Justice Steven Brier plans to retire at the
Speaker 1: end of this term. The President has promised to name
Speaker 1: a black woman to replace Brier, and Bloomberg Josh wing
Speaker 1: Grove reports that would fulfill a campaign promise Bindness face
Speaker 1: pressure from the base, in particular voters of color for
Speaker 1: not doing enough on core issues, things like voting rights,
Speaker 1: things like police reform, and if you have the opportunity
Speaker 1: now to make a very high profile nomination, in particular
Speaker 1: if it is indeed a black woman, there could be
Speaker 1: political dividends for the Democrats. Clomberg josh A wind Groves
Speaker 1: says Justice Brier is expected to announce his retirement at
Speaker 1: the White House today. And that's the five things you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Brokers and straight Ahead your latest local headlines plus
Speaker 1: a check of sports. And this is Bloomberg. Thanks Karen.
Speaker 1: Six three on Wall Street eighteen degrees in Central Park,
Speaker 1: we got an accident on the inbound g w B
Speaker 1: lower level. Details coming up in traffic. First, John Tucker
Speaker 1: with more on what's going on in New York end
Speaker 1: around the world. John, Good morning, Nathan. President Biden will
Speaker 1: visit New York next week to focus on gun crime.
Speaker 1: Let's get more of this report from Bloomberg's Lisa Matteo.
Speaker 1: Biden will high light efforts including increased federal funding for
Speaker 1: state and city law enforcement agencies. The money is intended
Speaker 1: to fund beat officers and community violence prevention programs. The
Speaker 1: administration is also stepping up federal efforts to stop gun trafficking.
Speaker 1: The President will join Mayor Eric Adams, who is confronting
Speaker 1: a spat of violence. Since he took office on January one,
Speaker 1: five officers have been shot, including two who died after
Speaker 1: responding to a domestic disturbance call in New York. I'm
Speaker 1: Lisa Matteo Bloomberg Daybreak. Winter Storm Watch is an effects
Speaker 1: starting tomorrow night for a system that made blanket parts
Speaker 1: of the city and Snall and Bloomberg Mediablo just Rob
Speaker 1: Carolin is tracking the storm this morning. Good morning, Rob, John.
Speaker 1: We still have some pretty serious disagreement between the major
Speaker 1: models on this storm. US model tries to take it
Speaker 1: out to sea and really gives no snow to the
Speaker 1: Tristate area. European model says, no, it's a major storm,
Speaker 1: so we're gonna kind of ride in the middle. Right
Speaker 1: now for forecast totals, we are into our winter storm,
Speaker 1: watching along the coast and over the island and into
Speaker 1: Westchester County for Friday night and into Saturday. A snow
Speaker 1: she developed tomorrow afternoon and continuing to Sanity. The question
Speaker 1: is how much. Right now, we're thinking about two to
Speaker 1: six inches, with the highest amounts on the island. John
Speaker 1: Alright Bloomberg meteorologist Rob Caroline. New Yorkers could boost weekly
Speaker 1: benefits for laid off workers and delay unemployment tax sykes
Speaker 1: for employers under a bill that passed the state Senate.
Speaker 1: New york six point two percent unemployment rate in December
Speaker 1: was more than two points higher than the national rate.
Speaker 1: Prince Andrew is casting blame back at Virginia Juffree over
Speaker 1: sexual abuse lawsuit she filed, saying her claims were barred
Speaker 1: by her own wrongful conduct. In response to the suit,
Speaker 1: Andrew suggests that she was at least partly responsible for
Speaker 1: her own alleged injurist injuries to pray sis when she
Speaker 1: was a teenager Jeffrey Emstein lent her to Andrew for abuse.
Speaker 1: The British Defense Secretary says the UK could support NATO
Speaker 1: countries by increasing its forces to act as a deterrent
Speaker 1: to any further Rutchet aggression. This comes a day after
Speaker 1: the US and NATO delivered written responses to Russia broadly
Speaker 1: rejecting Moscow's demands that the Western Alliance redraw its borders.
Speaker 1: She became part of an evening ritual for millions of
Speaker 1: lottery players. You landa vega the face so the New
Speaker 1: York Lottery on air drawings for three decades is called quits.
Speaker 1: Drawing out the syllables with an exaggerated flair. Became Vegas
Speaker 1: trademark and helped establish her as a New York institution.
Speaker 1: Global news twenty four hours a day on Aeron, on Bloomberg,
Speaker 1: Quick Take, Power Up Blind, more than twenty seven hundred
Speaker 1: journalists and analysts and more than one hundred twenty countries.
Speaker 1: I'm John Tucker. This is Bloomberg, Nathan, Thank you, John
Speaker 1: on wall Street, John stash Art, the Bloomberg Sports that day,
Speaker 1: Thanks Navan. This for you to be a tough week.
Speaker 1: For the next day, lost by two in Cleveland, but
Speaker 1: never in it. In Miami, they heat land by and
Speaker 1: the third quarter of the finals one ten to ninety six, East,
Speaker 1: needing Miami's down one in the last name, the Nix
Speaker 1: are floundering. They finished fourth in the East last season.
Speaker 1: Right now they are eleven. They played tomorrow in Milwaukee.
Speaker 1: The Nets played without the Big three no James Harden
Speaker 1: due to a hamstring injury in Denver. One in Brooklyn
Speaker 1: one eighteen I Jrola yokes twenty six points and your
Speaker 1: triple double Austin rivers at twenty five, all the three
Speaker 1: in the second half. Seaton Hall lost to Marquette seventy
Speaker 1: sixty three. No native Aussee has won the women's singles
Speaker 1: in Melbourne's nineteen seventy eight Ashley Varty scenes on her way.
Speaker 1: The top seed has crossed sixth straight opponents, this time
Speaker 1: Madison Keys. In the semifinals six one, six three. Barty
Speaker 1: will play another American in the final is Danielle Collins.
Speaker 1: Just feed Ego Swayatteck six four six one. If Barty
Speaker 1: wins Saturday, she'll have won three of the four grand stands.
Speaker 1: The men semis have rapilodal play and Matteo, Barrettini, Daville,
Speaker 1: Medvedev goes against Stefano, sits a flat. Joe Shane just
Speaker 1: tiers to do gentle manager. The Giants a lot of
Speaker 1: work to do since two thousand seventeen, the Giants tied
Speaker 1: for the worst record in the NFL. I think you
Speaker 1: can true to build the roster where you can compete
Speaker 1: today and build for tomorrow. So we're gonna do the
Speaker 1: draft free agency ever avenue we can. We're going to
Speaker 1: continue to build a competitive roster, and we want to
Speaker 1: see progress, and we're going to continue to build with
Speaker 1: a long term in mind, you know, as we build it.
Speaker 1: But I think you can compete today and still build
Speaker 1: for tomorrow. Coach. The favorite said to be Bill's offensive winter,
Speaker 1: Brian day Ball, you worked machine and Buffalo. John Sta
Speaker 1: actually wear Bloomberg Sports all right, John? Thanks? Almost six
Speaker 1: thirty eight on Wall Street, Let's take a look at
Speaker 1: stocks and some of the names moving in the pre
Speaker 1: market with Bloomberg Radio and TV markets correspondent Creedy goop
Speaker 1: that it's not just about the Fed, Creedy, it's about
Speaker 1: tech earnings. Yeah, they are coming in hot and heavy.
Speaker 1: We know, of course, Apples reporting app for the bell.
Speaker 1: But really, right now this morning, what's taking the cake
Speaker 1: is Tesla and Intel. Let's start off with Tesla here
Speaker 1: t s l as your taker down one point one
Speaker 1: percent in the pre market. That's coming after the set
Speaker 1: a record for profit but warned that those supply chain
Speaker 1: problems will keep it from introducing new vehicle models this
Speaker 1: year while focuses on expanding production of its current lineup.
Speaker 1: That's gonna be a theme you're gonna hear across earnings altogether.
Speaker 1: That's a similar theme you're hearing an Intel earnings as well.
Speaker 1: I n TC s your ticker down just shy of
Speaker 1: three percent after they gave a disappointing forecast for profit
Speaker 1: in the current quarter. They're saying demand for server chips
Speaker 1: there help, it's helping bolster bolster sales. Excuse me, but
Speaker 1: the forecast also adds evidence that profit is suffering from
Speaker 1: an Intel spending spree. We know that the CEO pad
Speaker 1: Gel singers trying to kind of execute this big turnaround
Speaker 1: plan for Intel, but right now the costs seemed to
Speaker 1: be outweighing the benefits. Nathan, and we've got some tech
Speaker 1: m and a news as well. I mean the chip
Speaker 1: space is just very, very hot this morning, Nathan, Yes,
Speaker 1: M and A for sure. Let's just start with the
Speaker 1: A m D and Silence deal. This was of course
Speaker 1: announced a couple of years ago, but A m D
Speaker 1: looking to buy Zylings in a thirty five billion dollar deal.
Speaker 1: The news this morning is that they've gootten that final
Speaker 1: leg of approval from Chinese regulators that have granted the deal,
Speaker 1: clearing the way for one of the largest deals to
Speaker 1: emerge from the global semiconductor industry. And remember, the acquisition
Speaker 1: had already won the blessing of regulators in the US,
Speaker 1: Europe and the UK, among other jurory dictions. A m
Speaker 1: D is your taker. Down two percent in the pre market,
Speaker 1: classic merger arbitrage move this morning, x l n X
Speaker 1: as your taker for xy links up just shy of
Speaker 1: five percent. I'm gonna throw one last semis company at you, Nathan.
Speaker 1: That's going to be Lamb Research. This, of course is
Speaker 1: the semi equipment maker. We've been talking about this kind
Speaker 1: of a boom for semis broadly. Well, A chip equipment
Speaker 1: makers are even more volatile than those semiconductor companies. There's
Speaker 1: just far more exposed that boom and bust cycle. Well,
Speaker 1: LAMB Research expecting revenue in its fiscal third quarter to
Speaker 1: reach about four point three billion dollars once again thanks.
Speaker 1: Supply chain conditions had worsened in late December and it
Speaker 1: ultimately hit the company's performance. L r c X as
Speaker 1: your taker, down three percent. Nathan, Yeah, there's that supply
Speaker 1: chain word again, Boomberg Radio and TV Markets correspondent Creedy
Speaker 1: gooped to like you say, supply chains will be a
Speaker 1: theme throughout this earning season. Thanks as always, as we
Speaker 1: take a look at stocks as a whole ahead of
Speaker 1: the Thursday morning open, mixed action now with SMP futures
Speaker 1: down a point down, futures down twenty four, Nasdaq futures
Speaker 1: back in the green, barely up seven points, the tenure
Speaker 1: treasury of nine thirty seconds, the yield one yield on
Speaker 1: the two year one point one seven yield curve. Flattening
Speaker 1: continues this morning after the Fed. Stay with us. You're
Speaker 1: listening to Bloomberg Daybreak, Bloomberg eleven three oh weather. We'll
Speaker 1: get up to your thirty degrees today. Tomorrow night winter
Speaker 1: storm watch kicks in. Two to six inches possible by
Speaker 1: the time it's done. Saturday, mid thirties tomorrow, low twenties
Speaker 1: for Saturday, currently eighteen degrees. Markets, headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, the
Speaker 1: Bloomberg Business at and at Bloomberg Quick Tape tru He's
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow and futures
Speaker 1: this morning have been jumping around a bit. We go
Speaker 1: to the first Word breaking news desk to today's morning call.
Speaker 1: Here's Bell Maloney, Bill, Good morning, Hey, good morning, Karen.
Speaker 1: Your features are quiet right now with doubt features down
Speaker 1: thirty six point, sesipes drop three and nastic futures are
Speaker 1: lower by a point. The US A tenure yield at
Speaker 1: one point eight three percent, Gold is down eleven, oil
Speaker 1: is trading higher, and bitcoin is climbed by three point
Speaker 1: while by three point one percent. Japan Pell fell overnight,
Speaker 1: while up markets are trading mixed this morning and back
Speaker 1: in the US on the Ecodomic Fronday eight thirty initial
Speaker 1: jobs claims and durable goods orders, ten o'clock, Penny Home Sales,
Speaker 1: and at eleven o'clock the Kansas City Fed. After the
Speaker 1: belast night, Intel gave a week forecast and Tesla's profit
Speaker 1: beat estimates, but it warned up supply change disruptions regarding earnings.
Speaker 1: This morning, look for McDonald's and MasterCard to report in
Speaker 1: a pre market. In deal News, centeen is said to
Speaker 1: have drawn interests from Signa in recent months, and in
Speaker 1: other news, Netflix climb pre market after Bill Ackman butt
Speaker 1: more than three point one million shares, wrapping things up.
Speaker 1: Service Now was raised to overweight over At Piper Live
Speaker 1: from the First Third, Racing's descomb Bill Maloney, Karen, Well,
Speaker 1: thank you to hear live breaking news over Bloomberg type
Speaker 1: squawk on your terminal, ascue you a w K. That's
Speaker 1: a Bloomberg business flash. Now, here's John Tucker with more
Speaker 1: on what's going on around the world. John, and good morning. Karen.
Speaker 1: Sent a Democrats plan to move swiftly to replace the
Speaker 1: retiring Supreme Court Justice Stephen Bryer, the Democrats making it
Speaker 1: clear they'll move quickly once President Biden makes his pick.
Speaker 1: Dozens of United flights delayed after the airline reported a
Speaker 1: company wide technology outage this morning. At South Korea's military
Speaker 1: says North Korea is fired two suspected ballistic missiles into
Speaker 1: the sea. It's the sixth round of weapons launches this month,
Speaker 1: Sports Nicks and Nets Boat loose on the youngs of
Speaker 1: the Campitals lose. The Bruins fall to Colorado in overtime.
Speaker 1: At the Australian opened Women's Simon semi Finals, Ashley Barty
Speaker 1: defeats American Madison Keys in straight sets. Global News twenty
Speaker 1: four hours a day on air on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven hundred journalists and analysts in
Speaker 1: more than one twenty countries. I'm John Tucker. Is is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion Chief. I'm Jonathan Bernstein,
Speaker 1: a calumnist for Bloomberg Opinion. When a president is unpopular,
Speaker 1: everyone starts identifying every piece of the administration as part
Speaker 1: of the problem. In the case of Joe Biden, several
Speaker 1: mostly content free stories have criticized Vice President Kamala Harris.
Speaker 1: Next up, White House Chief of Staff Ron Klain. It's
Speaker 1: not even a little convincing. Clain holds a critical job,
Speaker 1: but the complaints about him seem trivial or contain evidence
Speaker 1: where interpretations shifts from good times to bad. Meanwhile, there's
Speaker 1: little evidence of backstabbing and unfortunate leaks coming out of
Speaker 1: this White House nominations are happening at a decent pace
Speaker 1: and generating little controversy. The first year was unusually scandal free,
Speaker 1: nor would The withdrawal from Afghanistan is the biggest exception.
Speaker 1: Has implementation of policies been a large problem. That's all
Speaker 1: to Clain's credit. If the Democrats policies don't work as
Speaker 1: advertised or turn out to be unpopular once they're in place,
Speaker 1: I suspect Clain would step up and take the blame.
Speaker 1: But for the most part, it's elected officials and the
Speaker 1: party overall who would deserve it. I'm Jonathan Bernstein. For
Speaker 1: more opinions, please go to Bloomberg dot com, Slash Opinion
Speaker 1: or O P A nd go on the Bloomberg terminal.
Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentaries can
Speaker 1: be heard every weekday at this time, and terminal customers
Speaker 1: can read more at O P I N go. It
Speaker 1: is six fifty on Wall Street. We turned to news
Speaker 1: and science and technology now at the Bloomberg and J. I. T.
Speaker 1: Stammer report, brought to you by New Jersey Institute of
Speaker 1: Technology ranked a top fifty national public University by US
Speaker 1: News and World Report, and at top ten for best
Speaker 1: career placement among public schools by the Princeton Review. More
Speaker 1: at n j I, T dot E DU now Here's
Speaker 1: It's making news and science, technology, engineering, and math. Republicans
Speaker 1: faith and science is falling as Democrats rely on it
Speaker 1: even more, with a trust gap in science and medicine
Speaker 1: widening substantially during the pandemic. Overall, forty eight percent of
Speaker 1: Americans say they have a great deal of confidence in
Speaker 1: the sien sientific community, according to polling by the General
Speaker 1: Social Survey. A new warning highlights the growing risk from
Speaker 1: space and junk as companies planned to launch thousands of satellites.
Speaker 1: Astronomers saved that debris from one of Elon Musk rockets
Speaker 1: will crash into the Moon. In March, the Falcon nine
Speaker 1: rocket was launched in and guinea worm infections dropped it
Speaker 1: just over a dozen worldwide last year, getting closer to
Speaker 1: fulfilling former President Jimmy Carter's dream of completely eradicating the
Speaker 1: disease during his lifetime. The Carter Center said that declined
Speaker 1: as the result of years of public health campaigns to
Speaker 1: improve access to safe drinking water. In Africa when the
Speaker 1: Carter Center began leading the global eradication effort. In six
Speaker 1: the parasitic disease infected three and a half million people.
Speaker 1: And that's the Bloomberg and j I t Stem Report.
Speaker 1: Nathan all right, Karen, thanks for live from the Bloomberg
Speaker 1: Interactive Broker Studios where it's six fifty two on Wall Street.
Speaker 1: Time now to check what's going on in BC, where
Speaker 1: some of the tough stories include President Biden getting his
Speaker 1: chance to make a mark on the Supreme Court, with
Speaker 1: Justice Brier retiring the U S holding firm, on Russia's
Speaker 1: demandsment the Ukraine standoff, and immigration back in the spotlight
Speaker 1: with Vice President Harris on her way to Honduras. Today,
Speaker 1: let's get more on what's happening in the nation's capital.
Speaker 1: Bloomberg Government reporter Emily Wilkins is with us now. Emily,
Speaker 1: I think the announcement that we're expecting later today from
Speaker 1: Justice Brier is something that's probably not coming as too
Speaker 1: big a surprise for political watchers, but it certainly gets
Speaker 1: Politico's excitement up. Yeah, this is something that particularly for
Speaker 1: progressive in the Democratic Party, they've been pushing for for
Speaker 1: a while. Their concern is that if Republicans should win
Speaker 1: the White House, and you might see something like what
Speaker 1: happened um near the Entrunster with UH Justice uh Ruth
Speaker 1: Vader Ginsburg passed away and he saw her replaced with
Speaker 1: a far more conservati individual on the court. UM. And
Speaker 1: so what sort of happened when biding on the White
Speaker 1: House was they looked at the oldest liberal on the court,
Speaker 1: Justice Stephen Buyer, and began to push for his retirement
Speaker 1: so a similar thing would not happen. And so at
Speaker 1: this point they're getting their wish. Basically, Buyer has said
Speaker 1: that he will be retiring UH, and he won't leave
Speaker 1: until they've picked a new replacement for him. But this
Speaker 1: give President Biden actually have to nominate someone to the
Speaker 1: Supreme Court. At this point, Biden has said that he
Speaker 1: does want to pick a black justice, a black female
Speaker 1: justice that would be a first for the court. There
Speaker 1: are a couple of names being looked at right now,
Speaker 1: but the key is trying to find someone who would
Speaker 1: have already have already been appointed by the Senate to
Speaker 1: a court UH and done so with Republican supports. You
Speaker 1: can go back to Republicans and say, hey, you voted
Speaker 1: for this person just a little bit ago, you should
Speaker 1: be able to support them again for the Supreme Court.
Speaker 1: But of course, uh, Democrats, they don't need any Republicans
Speaker 1: as a support their nominees. They only he's uh all
Speaker 1: fifty of them to be on board. And so once
Speaker 1: again that means like people like Joe Manchin and Kristen
Speaker 1: si are really the ones to watch here and how
Speaker 1: this goes forward. Yeah, names that aren't familiar to anybody. Yeah,
Speaker 1: as we go forward here, Uh, let's take a look
Speaker 1: at the latest now on what's happening with Ukraine. Understand,
Speaker 1: the US has given its written response to the demands
Speaker 1: that Russia had been looking for. The U s has
Speaker 1: that it hasn't been made public, and the White House
Speaker 1: that they are not playing to make it public. Um.
Speaker 1: Russia's responded, um, good gave a critical response to those proposals. Um.
Speaker 1: I mean, some of these things that Putin has put
Speaker 1: forward out there, it's been very clear that he's not
Speaker 1: going to get as far as provecting Ukraine from joining
Speaker 1: NATO or fully ruling troops back to where they were
Speaker 1: in a King eighty southern But at this point it's
Speaker 1: the sort of the big diplomatic channels that is still
Speaker 1: open between the two countries and what they're trying to accomplish,
Speaker 1: trying to make sure that they are able to keep
Speaker 1: discussions open UH and potentially head off any sort of
Speaker 1: invasion into Ukraine and UH. I understand that Vice President
Speaker 1: Kamala Harris was up really early this morning making her
Speaker 1: way down to Honduras. What's the focus there? So this
Speaker 1: is not the first time that Vice President Kamala Harris
Speaker 1: has been to the region. She went there because she
Speaker 1: was been as science to us, to the lead White
Speaker 1: House person on the issue of immigration. And she's going
Speaker 1: down today specifically for the inauguration of a new Honduran president,
Speaker 1: and the hope is that the new president's policies, the
Speaker 1: new government's policies might help her some of the immigration
Speaker 1: that's heading up to the unit's southern border. UM and
Speaker 1: Vice President Harris, she's really good criticized for a lot
Speaker 1: of the work that she's done on immigration particular, have
Speaker 1: served the Biden administration when there was a surge in
Speaker 1: individuals showing up at the southern border. Immigration has long
Speaker 1: been an issue that's really mobilized among the poor Republican days,
Speaker 1: and so you've seen Republicans music and often talk about
Speaker 1: it again and again and again, um and by President Harris.
Speaker 1: So she's now sort of renewing her focus on immigration
Speaker 1: now that the battle that she was leading Bravoni Rights
Speaker 1: and the Senate is done. And so this trip is
Speaker 1: kind of just a part of an overall strategy for
Speaker 1: the Biden administration, not just to deal with immigration by
Speaker 1: the southern border, but by actually going to the country
Speaker 1: these immigrants are departing from and trying to see what
Speaker 1: they can do to convince these immigrants to to just
Speaker 1: stay in the place that they're from. Thanks for this, Emily.
Speaker 1: Good to get the update. Bloomberg Government reporter Emily Wilkins
Speaker 1: with us from the nation's capital. Read more about all
Speaker 1: these stories on Bloomberg dot Com or on the Bloomberg terminal.
Speaker 1: Listen to Bloomberg Radio in Washington at Bloomberg and one
Speaker 1: oh five point seven fm h D two. As the
Speaker 1: market resets following yesterday's policy decision from the Fed and
Speaker 1: the hawk ish turn, futures at the moment are a
Speaker 1: touch higher. B C SMP futures up five points right now.
Speaker 1: DEL futures up ten NASTAC futures higher by forty seven points.
Speaker 1: The tenure T Treasury is now up twelve thirty seconds,
Speaker 1: the yield one two percent. The yield on the two
Speaker 1: year right now one point one seven per cent. Tech
Speaker 1: earnings remain in focus. This week's Join us on Bloomberg
Speaker 1: Daybreak tomorrow will break down Apple's results when they come
Speaker 1: in after the closing bell Today. Gene Munster, co founder
Speaker 1: of Luke Ventures, will be with us for now. Bloomberg
Speaker 1: Surveillance is up next for Karen Moscow. I'm Nathan Hagar.
Speaker 1: This is Bloomberg.