Speaker 1: Live from the Bloomberg Interact a Broker Studios. This is
Speaker 1: Bloomberg Daybreak for a Thursday, April two. Coming up this hour,
Speaker 1: Shares of Netta surge after Facebook adds more users than expected.
Speaker 1: Apple and Amazon report this afternoon. The President invited Plants
Speaker 1: to deliver remarks today on more support for Ukraine, and
Speaker 1: Americans grow more pessimistic about their finances as infliction takes
Speaker 1: a toll. New York's MTA wants to ramp up its
Speaker 1: fleet of electric buses. Plus DOCORFLGI clarifies as a comment
Speaker 1: that the US is not in the pandemic phase. I'm
Speaker 1: Michael blarn More ahead, I'm John Stay Sharon sports fifth
Speaker 1: straight win for the Yankees, the Mets lost as the
Speaker 1: bench is empty in the NFL draft, agins tonight. That's
Speaker 1: all s train ahead on Bloomberg Daybreak on Bloomberg eleven
Speaker 1: three on New York, Bloomberg nine one, Washington d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties and
Speaker 1: Francisco Sirius XAM one nine Team and around the world
Speaker 1: Old on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business App. And Good Morning I'm ferre in Moscow. I'm
Speaker 1: Nathan Hagar. Bloomberg Daybreak is brought to you by hc Waynwright.
Speaker 1: Register now for the hc W Global Investment Conference, a
Speaker 1: hybrid event one to twenty six. Go to h c
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Speaker 1: accept a reject registration or admission and Nathan futures are higher.
Speaker 1: This morning six I went on Wall Street. We checked
Speaker 1: the markets every fifteen minutes throughout the trading day on Bloomberg,
Speaker 1: but SNP futures up sixty five points down, futures of
Speaker 1: three hund twenty one and NASDACK futures leading the way
Speaker 1: up two hundred seventy three or two point one percent.
Speaker 1: Ten year treasury of four third day seconds yeld two
Speaker 1: point eight one percent, and they yield on the two
Speaker 1: year two point five seven percent. Nathan Well Karen that
Speaker 1: lifted NASTAC futures follows Facebook parent Meta's latest earnings. The
Speaker 1: shares are up nearly seventeen percent after Facebook's main social
Speaker 1: network added more users than project at the company says
Speaker 1: revenue would have been higher if not for the war
Speaker 1: in Ukraine. Man Deep Singh is a senior technology analyst
Speaker 1: for Bloomberg Intelligence, the core of Facebook and Instagram engagement
Speaker 1: seems to be holding up quite well, so I think
Speaker 1: these are definitely good numbers. They missed on the top line,
Speaker 1: but we know it's because of the ad pricing, and
Speaker 1: I think that was sort of expectant. Bloomberg Intelligence Senior
Speaker 1: analyst Mandieve Singh says Facebook added thirty one million new
Speaker 1: daily active users in the recent quarter. Well, Nathan, let's
Speaker 1: look at some of the other stocks on the move
Speaker 1: following earnings. You report shares a Qualcom up almost eight percent.
Speaker 1: The chipmaker gave a strong sales for camps for the
Speaker 1: current quarter. Ford Meat Estimate estimates it reaffirmed as guidence
Speaker 1: for the year. That stock is up more than two percent.
Speaker 1: And the biggest loser this morning is Telenoc Health shares
Speaker 1: are plunging more than thirty nine percent. Telemedicine company cutting
Speaker 1: its revenue and earning scuidence for the year, and the
Speaker 1: earnings continue to roll in today, Karen, With big tech
Speaker 1: once again leading the way after the bell, we hear
Speaker 1: from Apple and Amazon. Let's get a preview from Bloomberg's
Speaker 1: Tom Busby. Well, investors will see if Apple saw continued
Speaker 1: growth in sales of iPhones, iPads, max and services despite
Speaker 1: supply chain problems and chip shortages. Forecast call for earnings
Speaker 1: per share of one dollar forty three cents on revenue
Speaker 1: of just over ninety four billion dollars. Apple also expected
Speaker 1: to announce a share buyback program of as much as
Speaker 1: ninety billion dollars. As for Amazon, investors will see if
Speaker 1: it's Amazon Web Services, the cloud computing unit will offset
Speaker 1: and expected slow down and online sales now that many
Speaker 1: pandemic restrictions have been lifted. Forecast call for earnings per
Speaker 1: share of eight fifty five on revenues of more than
Speaker 1: a hundred sixteen billion. I'm Tom Busby Bloomberg Daybreak. All right, Tom,
Speaker 1: thank you. Well. It's also a big day on the
Speaker 1: economic front. We get a closely watched rating on first
Speaker 1: quarter GDP this morning, and the forecast is for a
Speaker 1: one percent gain. Plumberg's Michael McKee has the details. COVID
Speaker 1: and Russia's war slowed growth dramatically in the first three
Speaker 1: months of the year. Some analysts even think the economy contracted,
Speaker 1: but additional GDP figure will mask some true strength. Consumer
Speaker 1: spending is forecast to be strong, and business investment appears
Speaker 1: to be holding up. Real estate was a strong point
Speaker 1: during the quarter. The impact on growth is likely largely
Speaker 1: to have come from a slower pace of inventory building
Speaker 1: as companies finally restocked. Higher oil prices play a role
Speaker 1: as well. Michael McKee, Bloomberg Daybreak, all right, Mike, thanks.
Speaker 1: Higher inflation is taking a toll on the personal finances
Speaker 1: of many Americans, and it is also hitting their outlook.
Speaker 1: Let's get more on that Live from Bloomberg's or need
Speaker 1: a Young Good Morning Grenada, Good morning Nathan. A gallop
Speaker 1: Pole shows less than half of Americans rate their financial
Speaker 1: situation as good or excellent, and some forty eight percent
Speaker 1: say it's getting worse. That's similar to levels seen a
Speaker 1: month into the pandemic and during the financial crisis of
Speaker 1: two thousand eight. So what's driving the worry? The survey
Speaker 1: finds that a record thirty two percent of Americans rank
Speaker 1: inflation and a high cost of living as the most
Speaker 1: important financial problem facing their family today. Live in New York,
Speaker 1: I'm gonned a young Bloomberg Day pre all right, we
Speaker 1: need to thank you, and we turned to some moves
Speaker 1: in Asia. Now overnight, the Japanese yea and hit a
Speaker 1: two decade low against the dollar. The move comes after
Speaker 1: the back in Japan doubled down on bond purchases. The
Speaker 1: central banks said it would buy an unlimited amount of
Speaker 1: bonds at fixed rates every business day. Checking the in
Speaker 1: right now is at one thirty point five four against
Speaker 1: the dollar. All right, then, let's take a look at
Speaker 1: the latest on the war in Ukraine. Karen. President Biden
Speaker 1: plans to deliver remarks later today on support for Ukraini
Speaker 1: as his administration looks to send Congress a proposal for weapons.
Speaker 1: Bloomberg Z Baxter has the story. The White House says
Speaker 1: it could go to the Hill as early as today.
Speaker 1: Spokeswoman Jen Psaki says they're still working on the final ask.
Speaker 1: Don't have a number for you at this point in time,
Speaker 1: but there is plans for this to be a proposal
Speaker 1: to go through the fiscal year, and it will include
Speaker 1: um as our pass packages have included security or military assistance,
Speaker 1: humanitarian economic assistance, which seems to suggest a large number.
Speaker 1: The President has promised delivery by the end of the week.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg Gay Break right
Speaker 1: and thank you. Meantime, in Europe, several countries are looking
Speaker 1: for clearer god ins from the EU on Russia's demand
Speaker 1: to pay for gas in rubles. Russia cut off the
Speaker 1: taps to Poland in Bulgaria yesterday for refusing to pay
Speaker 1: in the currency. Now, the Financial Times reports several European nations,
Speaker 1: including Germany, are preparing to open ruble accounts to meet
Speaker 1: Vladimir Putin's demands. This all adds to a volatile energy market.
Speaker 1: According to Patrick de Han had a petroleum analysis a
Speaker 1: gas buddy, There's a lot then said about Russia and
Speaker 1: Ukraine and now Russia today escalating the situation by UH
Speaker 1: stifling the flow of natural gas to Poland and Bulgaria.
Speaker 1: And of course we have a global economy that's been rebounding.
Speaker 1: Patrick de Haan with gas Buddies, spoke with our Washington
Speaker 1: corresponded Joe Matthew on Bloomberg sound on Catch the show
Speaker 1: weekdays at five pm Eastern on Bloomberg Radio. And looking
Speaker 1: ahead to the market open, Karen, we have futures moving higher,
Speaker 1: with SMP futures up sixty five point staff future years
Speaker 1: up three hundred sixteen. Nastac futures higher by two hundred
Speaker 1: eighty points or two point two percent. The tenure Treasury
Speaker 1: is up three thirty seconds yield two point one percent
Speaker 1: yield on the two year two point five seven and
Speaker 1: nime X crues hired by two tenths percent at a
Speaker 1: hundred two dollars twenty three cents of barrel. Local headlines
Speaker 1: and sports. Next, this is Bloomberg Sounds six o seven
Speaker 1: on Wall Street. We're forty degrees in Central Park and
Speaker 1: we've got an accident in Brooklyn and eastbound Gowanas at
Speaker 1: Hamilton Avenue. Details coming up in traffic. First, Michael Barr
Speaker 1: with more on what's going on in New York and
Speaker 1: around the world. Michael, thank you very much. Nathan, New
Speaker 1: York's MTA plans to ramp up its number of electric buses,
Speaker 1: part of the agency's goal for zero emissions by forty
Speaker 1: For the nation's largest bus fleet, The m t A
Speaker 1: anticipate sixty new electric buses will start arriving later this year,
Speaker 1: with another four hundred seventy coming in three to four years.
Speaker 1: It will transition it's fifty eight hundred bus fleet to
Speaker 1: all electric vehicles. Dr Anthony Fauci is clarifying comments he
Speaker 1: made suggesting that the COVID nineteen pandemic is over in
Speaker 1: the US. Fauci said this initially on the PBS News Hour.
Speaker 1: We are certainly right now in this country out of
Speaker 1: the pandemic faith. But now Dr Fauci says the pandemic
Speaker 1: in the US isn't over, but is in a more
Speaker 1: controlled stage. Connecticut Governor net Lamotts and his fellow Democrats
Speaker 1: and the General Assembly say they've reached a broad agreement
Speaker 1: on a revised one year state budget proposal. It includes
Speaker 1: nearly five hundred million dollars in tax reductions. The list
Speaker 1: of proposed tax changes would also continue the twenty five
Speaker 1: cent per gallon gas tax cut until December one. The
Speaker 1: parents of American Trevor Reid said they dared not build
Speaker 1: up their hopes when they first heard their son might
Speaker 1: be freed from Russia after being held for three years.
Speaker 1: Yesterday they got the call they've been waiting for. The
Speaker 1: former marine was swapped for a Russian prisoner being held
Speaker 1: by the US. They expect read come home in a
Speaker 1: few days. Key negotiator and former US Ambassador to the
Speaker 1: United Nations Bill Richardson says that he has worked with
Speaker 1: two different administrations since twenty nineteen to secure Read's release.
Speaker 1: These exchanges take a long time. During the Trump administration,
Speaker 1: it didn't work, and the relationship between President Trump and
Speaker 1: the Russians was better than it is now, but it
Speaker 1: didn't work, So it depends on timing. Luck. Richardson, also
Speaker 1: the former governor of New Mexico, says other Americans are
Speaker 1: still being held in Russia, including w n B A
Speaker 1: Star Brittney Griner and another former Marine, Paul Wheeland. The
Speaker 1: crew of astronauts survived at the International Space Station and
Speaker 1: Dragon hatches open and they are welcoming the crew for
Speaker 1: astronauts on board. The NASA crew blasted off from Florida
Speaker 1: yesterday morning. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg quick Take, powered by more than
Speaker 1: journalist and analyst and will and twenty countries. I'm Michael Barr.
Speaker 1: This is Bloomberg Naked, all right, Michael. Thanks almost six
Speaker 1: ten on Wall Street. Time for the Bloomberg Sports Update
Speaker 1: with John Sasha may Than. Couple of Yankee sluggers perhaps
Speaker 1: heating up. Yankees are heated up. They've won the fifth
Speaker 1: in a row, five two of Baltimore the stadium. Joey
Speaker 1: Gallow no home runs in those first fourteen games, but
Speaker 1: now two and two nights, and John Carlos Stanton with
Speaker 1: his first home runs since the second game of the season.
Speaker 1: He gets the three hundred and fifty career home runs.
Speaker 1: Only six players have gotten there faster. Yanks go for
Speaker 1: the sweep, the staffterdo and the Mets failed to get
Speaker 1: to sweep. In St. Louis had a four one league,
Speaker 1: but the Cardinals erupted in one, ten to five, and
Speaker 1: Nolan Arronado erupted in the eighth inning. Did not appreciate
Speaker 1: Joan Lopez's up and end pitched the bench is emptied
Speaker 1: the Cardinals manager Carlos Marmol And you come up top
Speaker 1: like that and and jeopardize someone's career in life. Yeah,
Speaker 1: I'll take exception for that. And uh, I don't think
Speaker 1: anyone in the big leagues appreciates getting thrown up top.
Speaker 1: No one has every right to react the way he did.
Speaker 1: Then go after him. We'll protect them and Mets. J. D.
Speaker 1: Davis got hit with a pitch on the top of
Speaker 1: the eighth It was the fifth time in the series,
Speaker 1: but it met got hit the nineteenth time this season,
Speaker 1: no other team has been hit by pick more than
Speaker 1: eleven times. Rangers at the Garden lost to Montreal four
Speaker 1: to three close out the regular season tomorrow with Washington.
Speaker 1: That outcome could affect whether it then play the Caps
Speaker 1: in the first round, but if Pittsburgh beats Columbus tomorrow,
Speaker 1: the Rangers that face the Penguins. Milwaukee will face Boston
Speaker 1: in the NBA second round. The Bucks finished off Chicago.
Speaker 1: Golden State closed out of series with Denver. NFL draft
Speaker 1: starts tonight in Las Vegas. Like last year, Jacksonville has
Speaker 1: the first pick, The Jets have the fourth and tenth picks.
Speaker 1: The Giants have the fifth and second. John Statue or
Speaker 1: Boom Girp sports all right, John thanks, SMP futures up
Speaker 1: sixty three point, Staff futures up three under eight, Nanastack
Speaker 1: futures leading the way with a two point one percent
Speaker 1: gain up two hundred seventy five points. This is Bloomberg
Speaker 1: Bloomberg eleven three oh weather varying amounts of clouds and
Speaker 1: sun breezy today with a hind, your fifty five degrees
Speaker 1: could hit sixty with sunshine and a breeze. Tomorrow Saturday,
Speaker 1: mostly sunny, low sixties to start the weekend. Currently forty degrees. Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com of Bloomberg Business Out and at Bloomberg
Speaker 1: Quick Take. This is a Bloomberg Business Flash and I'm
Speaker 1: Karen Moscow. This updates ronty you by b n Y
Speaker 1: Mellen's perishing learned by the world's most sophisticated wealth management
Speaker 1: and institutional firms rely on Pershing to help them improve profitability,
Speaker 1: create efficiency, attract talent and manage risk at Pershing dot com.
Speaker 1: European stocks rallying along with US stock Indise futures after
Speaker 1: upbeat earnings out of the bull cage for the economy
Speaker 1: and markets to spelling growth. Fears for now shares, a
Speaker 1: Facebook's parent are giving nasdat futures a lift and we
Speaker 1: check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg s and p Future is a fifty nine
Speaker 1: points STAF futures have two hundred seventy nowsday futures up
Speaker 1: two hundred fifty four. That's up about two percent. The
Speaker 1: decks in Germany is of one and a half percent.
Speaker 1: Ten year Treasury of Thought thirty seconds held two point
Speaker 1: eight one percent yield on the two year two point
Speaker 1: five seven percent. NIMEX screwed oil is is up four
Speaker 1: tens percent of forty three cents at a hundred two
Speaker 1: dollars forty five cents in barrel. Comex school. That'll change
Speaker 1: at twenty announced. The euro one point oh five one
Speaker 1: three against the dollar, British found one point to five
Speaker 1: o two, the en one thirty point three four, and
Speaker 1: bitcoin is higher, up one point four percent. It's at
Speaker 1: thirty nine thousand, six hundred fifty dollars. That's a Bloomberg
Speaker 1: business flash. Now here's Michael Barr with more un must
Speaker 1: going on around the world. Michael Karen, thank you very much.
Speaker 1: President Joe Biden plans to deliver remarks today on support
Speaker 1: for Ukraine and his administration looks too soon send Congress
Speaker 1: proposal for weapons and humanitarian assistance for Kiev that would
Speaker 1: last through September. Dr Anthony Vuci is clarifying comments he
Speaker 1: made suggesting that the COVID nineteen pandemic is over in
Speaker 1: the US. Vaunci now says the pandemic is not over,
Speaker 1: but in a different phase. Round one of the NFL
Speaker 1: Draft begins tonight. The Jaguars have the overall number one pick,
Speaker 1: The Jets have the fourth and tenth pick, the Giant
Speaker 1: select fifth and seventh. In the NBA playoffs, the Warriors
Speaker 1: advanced to the next round after beating the Nuggets in
Speaker 1: Game five one. In baseball, the Yankees beat the Orioles
Speaker 1: five to the Mets and Nationals lost. The Red Sox
Speaker 1: won the A shut out the Giants one zip. In
Speaker 1: the NHL, the Rangers lost. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundredtournalist and analysts more than a
Speaker 1: d twenty countries. Michael Barr and this is Bloomberg him, Michael.
Speaker 1: Thanks almost six twenty on Wall Street Live from the
Speaker 1: bloo Burg Interactive Broker Studios. This is Bloomberg Daybreak on
Speaker 1: a day we are waiting for a bit of a
Speaker 1: data dump when it comes to this economy, including first
Speaker 1: reading on first quarter g d P, A big round
Speaker 1: of data for the Federal Reserve to consider as it
Speaker 1: will most likely gets ready to raise interest rates next week.
Speaker 1: Let's bring in Bloomberg Economics correspondent Michael McKee for more
Speaker 1: on what we're expecting today, Mike, good morning. Looking at
Speaker 1: the GDP expectation from Bloomberg Economist survey one percent after
Speaker 1: six point nine in the prior quarter. What could that deceleration,
Speaker 1: if it turns out mean for the Fed. Uh. You
Speaker 1: have gonna have to look below that number to really
Speaker 1: get an answer, Nathan. And the interesting thing is the
Speaker 1: Bloomberg survey is very broad, UH, and a lot of
Speaker 1: people put in their survey results and forecasts early and
Speaker 1: then don't change them. We had a string of Wall
Speaker 1: Street firms changing their forecast yesterday, including a number who
Speaker 1: think that we might see an actual contraction. So if
Speaker 1: Wall Street is prepared to be shocked, that is a possibility.
Speaker 1: But it hides the fact that the reason for the
Speaker 1: bad economic performance is basically, UH, inventories and trade. A
Speaker 1: lot of people ordered a lot of stuff last fall,
Speaker 1: you remember, and it was all sitting on boats off
Speaker 1: the coast of California, and they finally are able to
Speaker 1: unload it in the first quarter in January and February,
Speaker 1: and then it starts to count as imports. So imports
Speaker 1: went way up and we had a very wide trade
Speaker 1: deficit and then a lot of those goods going to inventories,
Speaker 1: and uh so maybe then companies cut back on production
Speaker 1: because they were getting inventories from overseas. Those two things
Speaker 1: really will influence it. Personal spending consumers apparently did quite well.
Speaker 1: The anticipation, according to Bloomberg survey is for three and
Speaker 1: a half percent game and so the FED would take
Speaker 1: reassurance from that that varius is the question though, I
Speaker 1: guess the raises a couple of questions, whether that of
Speaker 1: personal spending can continue when we have these kind of
Speaker 1: inflationary pressures, and whether the trade gap is starting to
Speaker 1: show signs of unwinding in terms of the supply chain.
Speaker 1: Bottle next you've been dealing with, Well, it did show
Speaker 1: signs of unwinding until China began to lock down everything.
Speaker 1: And now if you look, if you have a Bloomberg
Speaker 1: and you look on the terminal, you can see the
Speaker 1: charts that show thousands and thousands of ships just sitting
Speaker 1: off the coast of China. Presumably those will ultimately be
Speaker 1: loaded up and sent back over here and we'll have
Speaker 1: the same problem again. So that's in the future. Uh
Speaker 1: The question is do people, as you say, keep spending
Speaker 1: in so far, indications are that they have slowed a
Speaker 1: little bit and sort of changed what they're buying from
Speaker 1: a lot of discretionary goods to more services. Certainly everybody's
Speaker 1: going on vacation and traveling if you've been in an
Speaker 1: airport lately. But does that continue? That's one of the
Speaker 1: key questions to the Fed. They need some strengthen the
Speaker 1: economy if they're gonna start raising interest rates to keep
Speaker 1: unemployment from rising. Yeah, and I guess that also raises
Speaker 1: the question about how much this UH, this reading potentially
Speaker 1: affects the Fed's outlook when it comes to front loading
Speaker 1: rate hikes. I mean, the the markets priced in four
Speaker 1: fifty basis point moves, and the markets maybe a little
Speaker 1: ahead of themselves here with that, the FT isn't going
Speaker 1: to be looking at doing that because they're not gonna
Speaker 1: be looking at that far down the road. Yet they
Speaker 1: want to see, as you say, the data. We also
Speaker 1: get jobless claims today, which are forecast to come in
Speaker 1: at a very very low level again UH in about
Speaker 1: the one eight range. And because of that, the FET
Speaker 1: is likely to take some comfort in the fact that
Speaker 1: the economy is a bit stronger than it has been
Speaker 1: going into a FED tightening cycle in a long time,
Speaker 1: and so therefore they can raise rates at least fifty
Speaker 1: basis points this time, and maybe in June, and then
Speaker 1: they'll stop and see where they are, all right, Michael McKee,
Speaker 1: Bloomberg Economics correspondent, Gonna be very busy in just a
Speaker 1: couple hours here when we get that first quarter GDP
Speaker 1: read at eight thirty Wall Street time, along with the
Speaker 1: initial jobless claims core PCE lots to wade through this
Speaker 1: morning as we get ready for that May interest rate
Speaker 1: setting meeting coming up just next week, FED with a
Speaker 1: big decision to make in the days to come. Here
Speaker 1: right now, looking ahead to the market, open futures are
Speaker 1: higher by sixty points for US and P futures. We
Speaker 1: have Dow futures up two hundred seventy seven points, NASDAC
Speaker 1: futures higher by two hundred sixty points, a gain of
Speaker 1: two percent on the dot ten. Your treasury is up
Speaker 1: six thirty seconds, the yield two point zero percent, the
Speaker 1: yield on the two year two point five six. Just ahead,
Speaker 1: investors like meta earnings and inflation starts to hit the
Speaker 1: household outlook. Five things you need to know to start
Speaker 1: your day Wing up, You're listening to Bloomberg Daybreak Bloomberg
Speaker 1: eleven three oh weather mix of sun and cloud's breezy
Speaker 1: mid fifties for highest today, could at sixty tomorrow with
Speaker 1: a sunshine and a breeze mostly sunny, low sixties for Saturday.
Speaker 1: Right now forty in Central Park. Broadcasting live from the
Speaker 1: Bloomberg Interactive Broker Studio in New York. Bloomberg E Living
Speaker 1: free on to Washington, d C, Bloomberg ninety nine one
Speaker 1: to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg nine sixty to the Country, Sirius XM Chado one
Speaker 1: nine team, and around the globe the Bloomberg Business apt
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. Were just about three hours away from
Speaker 1: the open of US trading time for the five things
Speaker 1: you need to notice start your day to you by
Speaker 1: Interactive Brokers Simple I v K are Global Trader app,
Speaker 1: deposit in your local currency and trade stocks in the US,
Speaker 1: Europe and Asia. Start your free trial at ibkr dot com,
Speaker 1: slash Global trader first Meta shares that more than sixteen percent.
Speaker 1: This morning, mass after earning showed Facebook adding more users
Speaker 1: than projected. Man Deep Singh, a senior technology analystic Bloomberg Intelligence.
Speaker 1: He says the overall report is strong despite missing revenue estimates.
Speaker 1: Last time, they give us a surprise that they're spending
Speaker 1: an additional you know, twenty billion dollars on this reality lapse.
Speaker 1: That's the first time we learned about those numbers. This
Speaker 1: time around, there saying they don't plan to increase it,
Speaker 1: but they plan to pair back a little bit. And
Speaker 1: the core Facebook and Instagram engagement seems to be holding
Speaker 1: up quite well. Bloomberg Intelligence analyst man Deep sing says
Speaker 1: Facebook added more than thirty million new users and the
Speaker 1: quarter and big tech earnings will continue today. Amazon and
Speaker 1: Apple report after the bell. Turning to the economy care
Speaker 1: and we get a reading on growth today. Us GDP
Speaker 1: is expected the show a one percent gain when the
Speaker 1: figures come out this morning. Well, Nathan, according to new finding,
Speaker 1: entire inflation is affecting many Americans. Financial Outlook and Bloomberg's
Speaker 1: raned a young joint US Live. But the latest good
Speaker 1: Morning Rady to Good Morning, Karen A gallop poles So
Speaker 1: shows less than half of Americans rate their financial situation
Speaker 1: as good or excellent, and some forty eight percent say
Speaker 1: it's worsening. That's similar to levels seen a month into
Speaker 1: the pandemic and during the financial crisis of two thousand
Speaker 1: and eight. So what's driving the worry? The survey finds
Speaker 1: that a record thirty two percent of Americans rank inflation
Speaker 1: and a high cost of living as the most important
Speaker 1: financial problem facing their family today. Live in New York.
Speaker 1: I'm Ranita Young Bloomberg, day break. All right, Renia, thanks overseas.
Speaker 1: The Japanese yen hit a two decade low against the dollar.
Speaker 1: Right now, the ends trading at one thirty point to four. Well, Nathan.
Speaker 1: President Biden delivers your remarks on Ukraine later today as
Speaker 1: he prepares a proposal for Congress to ship more weapons. Meantime,
Speaker 1: The Financial Times reports Germany and other European nations could
Speaker 1: open ruble accounts to pay for Russian gas. Patrick Dehan
Speaker 1: of gas Buddy says uncertainty in Russia and COVID in
Speaker 1: China will continue affecting gas prices. Certainly a very bumpy
Speaker 1: and volatile summer as we continue to see markets digest
Speaker 1: burying headlines that seemingly are on opposite ends of the spectrum.
Speaker 1: And Patrick Dehn with Gas Bunny spoke with our Joe
Speaker 1: Matthew on Bloomberg Sound on. Catch the show weekdays at
Speaker 1: five pm Eastern on Bloomberg Radio. And that's the fine
Speaker 1: things you need to notice start your day. Brought to
Speaker 1: you by Interactive Brokers and Caterpillar reporting earnings that beating
Speaker 1: that beat analysts estimates. All right, Karen, thanks, six Wall Street,
Speaker 1: forty degrees in Central Park, overturned car and Queens. He's
Speaker 1: found l a at Frances Lewis Bullivard. Details coming up
Speaker 1: in traffic. First Michael Barr with more on what's going
Speaker 1: on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. New York's mt A is going for
Speaker 1: zero emissions by the authority plans to ramp up its
Speaker 1: number of electric buses. The md A anticipate sixty new
Speaker 1: electric buses will start arriving later this year, with another
Speaker 1: four hundred seventy coming in and six. The MTA plans
Speaker 1: to transition it's fifty eight hundred bus fleet to all
Speaker 1: electric vehicles. Dr Anthony Vounci CAUs quite a stir after
Speaker 1: comments he made the PBS suggesting that the US is
Speaker 1: not in the pandemic phase of COVID nineteen anymore. He
Speaker 1: clarified those comments, saying the pandemic isn't over, but the
Speaker 1: country is now in a different phase. Health experts say
Speaker 1: cases are going down because many people now have some
Speaker 1: kind of immunity to the virus. Dr David Vegas. I
Speaker 1: think what was implied and what was meant is that
Speaker 1: we're at a better state in terms of the war
Speaker 1: on COVID nineteen. What it means is is that we
Speaker 1: are now having significant numbers of COVID enteen infections in
Speaker 1: the United States, has evidenced by the recent infection of
Speaker 1: our Vice president. But at the same time, hospitalizations and
Speaker 1: deaths are not going up. Dr Vegas spoke to CBS.
Speaker 1: New York Science Court has rejected new congre national maps
Speaker 1: widely seen as favoring Democrats. The state's Court of Appeals
Speaker 1: agreed with a group of Republican voters who said the
Speaker 1: district boundaries who were unconstitutionally gerrymandered. More New York City
Speaker 1: apartment renders are declining to renew leases as they're being
Speaker 1: presented with rate increases. According to Landlord Equity, residential rates
Speaker 1: are up almost thirty on new leases and deal seekers
Speaker 1: are choosing to move out. Trevor Reid, a former Marine
Speaker 1: held in Russia since twenty nineteen, was released to US
Speaker 1: officials as part of a prison swap with Russia. Key
Speaker 1: negotiator and former US Ambassador to the United Nations Bill
Speaker 1: Richardson says that their focus now turns to other detained
Speaker 1: Americans in Russia, including w NBA star Brittney Grinder. It's
Speaker 1: very murky what has happened, but she deserves to come home,
Speaker 1: and it's important that we focus on her. But also
Speaker 1: there's another Marie. His name is Paul Wheeling. He's been
Speaker 1: there almost three years. Former Ambassador Richardson says re Its
Speaker 1: parents expected home in a few days. President Biden on
Speaker 1: our Teachers of the Year at the White House, Biden
Speaker 1: says being a teachers one of the toughest jobs anywhere,
Speaker 1: and show I think people won't realize it's hard how
Speaker 1: much you prepare. President Biden says he overcame his stutter
Speaker 1: as a child because of his parents and his teachers.
Speaker 1: Global News twenty four hours a day on airand on
Speaker 1: Bloomberg Quick Take, powered by more than seven journalists analysts
Speaker 1: more than twenty countries. Michael bar this is Bloomberg, Nathan,
Speaker 1: Thanks Michael. Six thirty six on Wall Street, John Stanshower
Speaker 1: has the Bloomberg Sports Update. Thanks Nathan. The midst This
Speaker 1: hot start by the Mets have come up florry of
Speaker 1: Mets getting hit by a pitch nineteen times in twenty games.
Speaker 1: It happened five times in St. Louis, so many were
Speaker 1: wondering when the benches might empty with a Met charging
Speaker 1: the mount. Instead, it was a cardinal who came charging
Speaker 1: all of Arenado eighth inning after an up and end
Speaker 1: pitch by the Mets. Yoan Lopez Aeronato had had three hits,
Speaker 1: three rb I. St. Louis won the game ten five's
Speaker 1: car Those Carrasco gave up seven runs, eight hits, and
Speaker 1: that's still win the series. They've won all six series,
Speaker 1: although they've yet to have a sweep. Yankees today go
Speaker 1: for their second straight series sweep. They won their fifth
Speaker 1: the row at the Stadium five two over Baltimore. Michael
Speaker 1: King got the winning relaf home runs for Giant, Carlo
Speaker 1: Stanton and Joey Gallo. The Yankees have the best record
Speaker 1: in the American League right now. Rangers at the Guard
Speaker 1: and lost to Montreal four to three. NBA Playoffs, a
Speaker 1: couple of m v p s lad their teams to series.
Speaker 1: Clint jen wins thirty three points for Janice Onto the
Speaker 1: com from Milwaukee finished off Chicago thirty for Steph Curry,
Speaker 1: and Golden State won hit series with Denver. NFL draft
Speaker 1: is in Las Vegas, but New York will dominate the
Speaker 1: early going tonight. After picks by Jacksonville, Detroit, and Houston,
Speaker 1: it's the Jets, then the Giants, then Carolina, then the
Speaker 1: Giants again, and three picks after that the Jets again,
Speaker 1: unless there's a trade the Giants, GM Joe Shane. You
Speaker 1: can get greedy and you're like, let's move back, and
Speaker 1: then that guy's gone. You know, are you gonna sleep
Speaker 1: better at night knowing you've got an extra sixth round
Speaker 1: pick and you move back four spots, but you lose
Speaker 1: the guy you want, or you just let's just take
Speaker 1: the guy and not degree. So you've played through all
Speaker 1: those situations. Still not known who Jacksonville will take first. Overall,
Speaker 1: expect you to be one of two defensive WindMan Georgia's
Speaker 1: Trayvon Walker or Michigan's Aidan Hutchinson. Expectually want Bloomberg Sports. Nathan,
Speaker 1: all right, John, thanks six thirty seven on Wall Street.
Speaker 1: Time to take a look at stock some of the
Speaker 1: names moving in the pre market. Bloomberg Radio and TV
Speaker 1: Markets correspondent Crety Gupta. It is hard to ignore the
Speaker 1: move for Facebook parent meta platforms this morning. It is
Speaker 1: wild and we should start off with just the ticker, right,
Speaker 1: We're still haven't switched it to meta, so the taker
Speaker 1: is still s B shares up seven percent over seventeen percent.
Speaker 1: And if you will remember, Nathan, last quarter they had
Speaker 1: this massive so off because they had the warning that
Speaker 1: you're now hearing from Alphabet to be very careful about TikTok.
Speaker 1: They're starting to lose some of that demographic. This time around,
Speaker 1: we're hearing it from Alphabet. Facebook, on the other hand,
Speaker 1: or i should say meta platforms saying that actually they've
Speaker 1: gained more users than they actually expected in the first quarter.
Speaker 1: Now a lot of this actually comes from Instagram. They're
Speaker 1: not actually focusing on the Facebook platform anymore. They're focusing
Speaker 1: on Instagram, and I think something they really that really
Speaker 1: caught my eye here was the fact that they're saying, well,
Speaker 1: be careful of TikTok. But Nathan, I don't know if
Speaker 1: you're active on Instagram. I am. I do enjoy the Instagram.
Speaker 1: Well there you go. But you know that there's they've
Speaker 1: kind of created reels which is sort of a TikTok
Speaker 1: and a lot of the TikTok's videos actually end up
Speaker 1: on Instagram. Um, so it kind of seems like that
Speaker 1: has made kind of this uh all in one platform
Speaker 1: for Meda and at least helped with some of those
Speaker 1: earnings pictures. So meta share, uh FB is the taker?
Speaker 1: WinCE again up the over seventeen percent. It's not the
Speaker 1: only tech name. We gotta watch your Apple, Amazon reporting
Speaker 1: after the bell, but this is really important. Qualcom also
Speaker 1: reported after hours yesterday, q C O M is your taker. Up.
Speaker 1: Get this, Nathan, seven and a half percent. Now this
Speaker 1: is the it's huge, and this is the company that
Speaker 1: makes most of the chips for Apple's iPhones. It helps
Speaker 1: Apple iPhones connect to high speed data net works. And
Speaker 1: they're saying, well, actually they were able to kind of
Speaker 1: secure their supply chain, they're able to expand into new markets.
Speaker 1: And a lot of people say, well, if qual Calm
Speaker 1: is doing so well, does that mean Apple's earnings are
Speaker 1: going to be pretty blockbuster today? And then or vice versa,
Speaker 1: if Apple says iPhone demand is going to drop, does
Speaker 1: that start to hit qual Calm shares as well? Nevertheless,
Speaker 1: this morning some optimism here. Q c o M up
Speaker 1: just shive eight percent and Apple shares a ap L
Speaker 1: following that lead up to point two percent. Nathan, all right,
Speaker 1: just quickly, we had some earnings crossed just minutes ago.
Speaker 1: Can you get to some of those. Yeah, let's talk
Speaker 1: about Caterpillar. This is gonna be your big economic bell weather.
Speaker 1: C at is your ticker. It is actually moving this
Speaker 1: of course off earning as well, up one point six
Speaker 1: percent as it overcomes to some of the supply chain
Speaker 1: issues surging demand. One of the issues here was just
Speaker 1: how much construction will there be after you've already seen
Speaker 1: this housing movement. It looks like the maker of that
Speaker 1: construction equipment maker still getting some of that demand. All right.
Speaker 1: Bloomberg Radio and TV Markets correspondent Createy Gupta with us
Speaker 1: this morning, looking ahead to the open. Futures are moving higher,
Speaker 1: with SMP futures up fifty nine point, staff futures of
Speaker 1: two D seventy seven, and NASTAC futures higher by two
Speaker 1: hundred fifty five points. That's a gain of just about
Speaker 1: two tenure Treasury up seven thirty seconds, yield to eighty.
Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather
Speaker 1: mix of sun and clouds, breezy, mid fifties today, We'll
Speaker 1: get up to near sixty Friday, sunshine with a breeze,
Speaker 1: and it will be mostly sunny for Saturday as well.
Speaker 1: Low sixties right now forty in Central Park Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business apt and at Bloomberg Quick Tape.
Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. US
Speaker 1: Dock Index futures are on the rise this morning. I'm
Speaker 1: what's a busy morning for corporate earnings? You had a
Speaker 1: again Caterpillars first quarter earnings, topping analysts estimates, as certain
Speaker 1: demand and higher prices for the company's diggers, bulldozers and
Speaker 1: trucks offsets the impact of rising costs for raw materials
Speaker 1: and ongoing supply chain issues. Mark boosted its adjusted earnings
Speaker 1: for share guidance for the year that beat analysts estimates,
Speaker 1: and Southwest Air reported a first quarter of loss that
Speaker 1: was wider than analysts were looking for. Those just some
Speaker 1: of the earnings crossing the bloomberg this morning, Still futures
Speaker 1: are higher, SMP futures of fifty seven points down, futures
Speaker 1: of two hundred sixty two, and AS day futures jumping
Speaker 1: up about two percent, up two hundred fifty four points.
Speaker 1: The decks in Germany's up one point two percent. The
Speaker 1: tender treasury of seven thirty seconds yield two point eight
Speaker 1: zero percent yield on the two year two point five
Speaker 1: five percent. Nim X scrude oil is litill change at
Speaker 1: a hundred two dollars seven cents of barrel. Comics gold
Speaker 1: is also little change at eight forty announced, the Euro
Speaker 1: one point zero five zero seven against the dollar, British
Speaker 1: pound one point to four seven and seven again one
Speaker 1: thirty point three seven, and Bitcoin this morning is of
Speaker 1: one and a half percent at about thirty nine thousand,
Speaker 1: seven hundred dollars. That's a bloomberg Business Flash. Now here's
Speaker 1: Nuchael Barr with more on what's going on around the world.
Speaker 1: Michael Karen, thank you very much. Russian President Vladimir Putin
Speaker 1: warned that any country is attempting to interfere in Ukraine
Speaker 1: would face quote a lightning fast response from Russia. It
Speaker 1: comes as NATO is saying it would welcome Finland and
Speaker 1: Sweden with open arms should they decide to join. Later today,
Speaker 1: President Joe Biden plans to deliver remarks on support for Ukraine.
Speaker 1: Round one of the NFL draft begins tonight. The Jaguars
Speaker 1: have the overall number one pick, the Jets of fourth,
Speaker 1: the Giants select fifth. In the NBA playoffs, the Warriors
Speaker 1: advanced to the next round after beating the Nuggets in
Speaker 1: Game five. In baseball, the Yankees beat the Orioles five
Speaker 1: to The Medicine Nationals lost the Red Sox one The
Speaker 1: A shut out the Giants one zip. In the NHL,
Speaker 1: the Rangers lost Global news in four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: I'm Michael Barr. This is Bloomberg. The following commentary is
Speaker 1: from Bloomberg Opinion Democracy. I'm Jonathan Bernstein, a columnist for
Speaker 1: Bloomberg Opinion. Apparently private space companies are marketing space tourism
Speaker 1: as democratization. My first reaction ridiculous. Wealthy space tourists are
Speaker 1: much poorer symbols of democracy than Alan Shepard, Neil Armstrong
Speaker 1: and Sally Ride and the politicians who sent into space
Speaker 1: and the voters who elected them. There's nothing more democratic
Speaker 1: than a polity collectively choosing and achieving a goal. Ideas
Speaker 1: of democracy that exclude Ride and include those who by
Speaker 1: their way into space are sad. Still, I doubt those
Speaker 1: pitching space privatization as democratizing care. They're just using a
Speaker 1: popular word. That's sort of good news. Democracy in the
Speaker 1: US has been under attack, but it seems that the
Speaker 1: word itself must still test well. Perhaps we can be
Speaker 1: ignorant of the nuances of democracy, important as they are,
Speaker 1: as long as we fully support the larger concept overall.
Speaker 1: I can't help but wish that our civic education was
Speaker 1: a lot more thorough and effective. But if we still
Speaker 1: are enthusiastic about democracy, maybe that's a meaningful starting point.
Speaker 1: I'm Jonathan Bernstein. For more opinion, please go to Bloomberg
Speaker 1: dot com slash Opinion or O P I n go
Speaker 1: on the Bloomberg terminal. This has been Bloomberg Opinion and
Speaker 1: Bloomberg Opinion commentaries can be heard every weekday at this time,
Speaker 1: and terminal customers can read more at O P I
Speaker 1: n go. It is six fifty on Wall Street. We
Speaker 1: turned to news and science and technology now with the
Speaker 1: Bloomberg n j I T STEM Report, brought to you
Speaker 1: by New Jersey Institute of Technology. N j i T
Speaker 1: offers New Jersey's first undergraduate degree in fintech tector of
Speaker 1: end Finance focused. To learn more at n j I
Speaker 1: T dot E d U slash fintech Now. Here's just
Speaker 1: making news and science, technology, engineering, and math. At least
Speaker 1: six states are reporting confirmed our suspected cases of an
Speaker 1: una explained severe liver disorder in children that's been spotted
Speaker 1: in countries around the globe. More than one hundred sixty
Speaker 1: cases of severe pediatric hepatitis or liver inflammation and kids
Speaker 1: without existing health issues have been reported from about a
Speaker 1: dozen countries. The disorder has been seen mainly in children
Speaker 1: younger than ten and has left a few needing liver transplants.
Speaker 1: Researchers are probing lengths to infection with IDENTA virus is
Speaker 1: a family of pathogens that more commonly caused cold like
Speaker 1: symptoms as well as COVID. Nineteen cities across China are
Speaker 1: rolling out swift measures from the mass testing drives to
Speaker 1: lockdowns for just a mere handful of coronavirus cases. They're
Speaker 1: trying to keep flare ups at bay and avoid the
Speaker 1: hardships endured by Shanghai. And they have arrived. SpaceX launched
Speaker 1: for astronauts to the International Space Station for NAUSA. The
Speaker 1: Falcon rocket blasted off before dawn yesterday from Florida's Kennedy
Speaker 1: Space Center. The capsule reached its destination last night to
Speaker 1: sixteen hours later. The crew includes the first black woman
Speaker 1: making a long term space flight. Now says Jessica Watkins
Speaker 1: and s A. Bloomberg and j I t. Stem report Nathan,
Speaker 1: Thanks Karen, We're live from the Bloomberg Interactive Broker Studios
Speaker 1: or at six fifty two on Wall Street Time Now
Speaker 1: to check what's going on in d C or. Some
Speaker 1: of the top stories include President Biden preparing to speak
Speaker 1: on Ukraine as he gets ready for a new aid
Speaker 1: request to Congress Senators to hold a bipartisan meeting on
Speaker 1: immigration today and former President Trump's backing gives McCarthy an
Speaker 1: edge after leaked audio spring Bloomberg Government congressional reporter Jack Fitzpatrick,
Speaker 1: As we await these remarks in just a few hours,
Speaker 1: Jack from the President, what will you be listening for
Speaker 1: when he updates the country on Ukraine. Well, one, he's
Speaker 1: gonna be talking about his request to Congress for more
Speaker 1: funds for Ukraine. The White House has described this as
Speaker 1: something that's supposed to carry them through the rest of
Speaker 1: the rest of the fiscal year, which ends September thirty,
Speaker 1: So it sounds like it's fairly large, uh a bit
Speaker 1: more long term than the thirteen billion dollar measure that
Speaker 1: was previously appropriated that was a bit of a sort
Speaker 1: of a stop gap measure for short term needs. Now,
Speaker 1: the Secretary of State Anthony Blincoln has already told lawmakers yes,
Speaker 1: there's gonna obviously be military and economic aid. He also
Speaker 1: expects the White House to call for global food aid
Speaker 1: uh D mining because of Russian use of land mines
Speaker 1: and some resources for sort of a staged approach to
Speaker 1: getting diplomats back to Ukraine and eventually reopening the U.
Speaker 1: S Embassy and kiv Uh. The the questions this raises
Speaker 1: exactly how does Congress take this after the President speaks
Speaker 1: about it? Uh, could the debate that has stalled a
Speaker 1: COVID funding bill extend to that. But overall, it sounds
Speaker 1: like there's significant bipartisan support for the idea of of
Speaker 1: significant Ukraine aid. And we'll be watching for the details
Speaker 1: and exactly how much he's asking for. Yeah, it will
Speaker 1: be interesting to get more detail, given that we've heard,
Speaker 1: even just this week some concern at the Pentagon that
Speaker 1: a lot of the U S weapons stockpiles are at
Speaker 1: risk of being depleted with the aid that's already gone
Speaker 1: to Ukraine. Yes, there was one last batch of funding
Speaker 1: that the White House released late last week, and and
Speaker 1: the President said last week this is the last one
Speaker 1: I can do with the money that Congress has given
Speaker 1: me for Ukraine. Obviously there are further needs, and the
Speaker 1: White House staff seems to have been racing to get
Speaker 1: everything together to say, all right, what do we need
Speaker 1: to request from Congress that can last for a while,
Speaker 1: for a matter of months, rather than uh, in needing
Speaker 1: to go back to them on a very frequent basis.
Speaker 1: So they they're they're getting toward the end of what's
Speaker 1: available to the President on his own in terms of
Speaker 1: sending resources militarily and economically to Ukraine, and they definitely
Speaker 1: will need action in the in the fairly near future. Now,
Speaker 1: while we wait for those remarks from the President later
Speaker 1: this morning, we're also waiting for a meeting a among
Speaker 1: a bipartisan group of senators today on immigration. This issue
Speaker 1: has gotten a lot more urgency just in recent weeks. Jack, Yeah,
Speaker 1: there seems to be a sense that they might as
Speaker 1: well try to to give it another go and see
Speaker 1: what they can assemble that could get sixty votes in
Speaker 1: the Senate. There have been so many attempts over the
Speaker 1: last number of years, last decade or so at a
Speaker 1: real immigration reform package that have fallen apart. But talking
Speaker 1: to senators like Tom Tillis, Uh, there seems to be
Speaker 1: an interest one in addressing the worker shortage UH, and
Speaker 1: also putting on the table a path to citizenship for
Speaker 1: the so called dreamers who are were not born in
Speaker 1: the US but have been here for almost all of
Speaker 1: their lives, and and something on border security. Interestingly, enough
Speaker 1: lawmakers really have dropped the debate over the quote unquote
Speaker 1: border wall now that former President Donald Trump is not
Speaker 1: in office, there is a bit of middle ground on
Speaker 1: border security measures aside from fencing things, lights on the border,
Speaker 1: more technologically advanced things. So there there does seem to
Speaker 1: be a sense that they could find middle ground on
Speaker 1: a significant package on immigration. It's not an easy issue,
Speaker 1: but they are holding a meeting today among senators to
Speaker 1: to get that conversation going. And not an easy issue
Speaker 1: and understatement to say the least, only about thirty seconds
Speaker 1: left here, Jack, But House Republican leader Kevin McCarthy just
Speaker 1: met with Republicans for the first time since that leak
Speaker 1: January six. Audio. Sounds like it went pretty well. Yeah.
Speaker 1: Our colleagues Billy House and Emily Wilkins reported there was
Speaker 1: actually a standing ovation that many House Republicans participated in.
Speaker 1: There's been a little bit of pushback. Matt Gates has
Speaker 1: is the one member who has been really vocal criticizing
Speaker 1: Kevin McCarthy. But really, even among conservatives Trump loyalists, the
Speaker 1: former president gave Kevin McCarthy a pass on this leaked
Speaker 1: audio of him considering calling on him to resign. He
Speaker 1: didn't end up calling him on him to resign, And
Speaker 1: as of right now, it does seem that House Republicans
Speaker 1: really are still united around Kevin McCarthy is guy they
Speaker 1: want to be the speaker if they take back the House. Alright.
Speaker 1: Bloomberg Government Congressional reporter Jack Fitzpatrick with us this morning.
Speaker 1: Read more about all these stories on Bloomberg dot com
Speaker 1: or on the Bloomberg terminal, and listen to Bloomberg Radio
Speaker 1: in Washington Bloomberg one and one oh five point seven
Speaker 1: FM HD two. Futures moving higher. Uh this Thursday morning.
Speaker 1: We have SMP futures up fifty five points, STAF futures
Speaker 1: up two nine, NASTACK futures hired by two hundred fifty
Speaker 1: points ten. Your treasury is up seven thirty seconds. The
Speaker 1: yield two point eight zero percent, yield on the two
Speaker 1: year two point five five percent. Bloomberg Surveillance is up
Speaker 1: next with Tom Keene, Jonathan Faroe, and Lisa Abramowitz for
Speaker 1: Karen Moscow. I'm Nathan Hagar. This is Bloomberg