WEBVTT - Bloomberg Daybreak: September 8, 2022 - Hour 1 (Radio) 0:00:02.920 --> 0:00:04.920 Thanks. Karen's five oh seven on Wall Street. Were at 0:00:04.960 --> 0:00:07.720 sixty five degrees in Central Park and we've got the 0:00:07.800 --> 0:00:12.039 overnight construction starting to clear out and Van George Washington Bridge. 0:00:12.160 --> 0:00:15.040 We'll see how your rides looking shortly. First, John Tuckers 0:00:15.080 --> 0:00:16.919 here with what else is going on in New York 0:00:17.120 --> 0:00:19.440 and around the world. Good morning, John and Nathan. Governor 0:00:19.480 --> 0:00:23.240 Kathy Hokel has lifted the state's mass requirement for public transit, 0:00:23.680 --> 0:00:26.360 removing one of the last remaining government mandates of the 0:00:26.360 --> 0:00:30.960 COVID nineteen pandemic. Watching global trends, we're watching for variance, 0:00:31.280 --> 0:00:33.839 We're watching for any updates and vaccines. But we do 0:00:33.920 --> 0:00:36.600 believe that we're in a good place right now, especially 0:00:36.640 --> 0:00:40.800 if New Yorker's take advantage of this BOOSTERCOL making the 0:00:40.800 --> 0:00:45.240 announcement before receiving the omacron specific booster. Mass will still 0:00:45.280 --> 0:00:49.120 be mandatory and healthcare settings and at adult care facilities. 0:00:49.760 --> 0:00:53.159 Uber will begin rolling out yellow taxi riots in New 0:00:53.240 --> 0:00:56.520 York City. More in this report from Bloomberg's Jeff Bellinger. 0:00:56.960 --> 0:00:59.160 It's a long away to effort to help these a 0:00:59.240 --> 0:01:02.560 driver short of gen pressure on fairs, the Big Apple's 0:01:02.720 --> 0:01:05.480 iconic yellow cabs have started to appear on the ride 0:01:05.520 --> 0:01:09.040 hailing platform for a randomized majority of active New York 0:01:09.080 --> 0:01:12.440 City writers, allowing them to book trips and taxis through 0:01:12.520 --> 0:01:15.960 the Uber app. Under an agreement, Uber customers can hail 0:01:16.000 --> 0:01:18.640 a taxi at the same price as an Uber x, 0:01:18.880 --> 0:01:22.000 and they'll see the fair upfront before requesting a trip. 0:01:22.319 --> 0:01:25.520 Driver's earnings will initially be based on the City Taxi 0:01:25.520 --> 0:01:28.959 and Limousine Commission mandated rates, which are close to thirty 0:01:28.959 --> 0:01:33.240 two dollars an hour. Jeff Bellinger, Bloomberg Debrate Abortion remains 0:01:33.319 --> 0:01:37.200 legal in Michigan after a judge permanently blocked enforcement of 0:01:37.240 --> 0:01:39.720 a ninety one year old band that could have become 0:01:39.800 --> 0:01:44.080 law following the Supreme Court's decision to overturn Roe versus Wade. 0:01:44.400 --> 0:01:46.680 The band, which was opposed in a suffer lawsuit by 0:01:46.720 --> 0:01:50.480 Governor Gretchen Whitmer, was on hold after a temporary ruling. 0:01:51.000 --> 0:01:53.600 President Biden will host a call with allies today about 0:01:53.560 --> 0:01:57.600 the next steps in support of Ukraine against Russian invasion. Meantime, 0:01:57.640 --> 0:02:01.480 the Pentagon has sent Ukraine it's most accurate artillery shell, 0:02:01.920 --> 0:02:04.960 the GPS got an ex caliber as satellite gut it 0:02:05.040 --> 0:02:07.800 weapon it get hit within seven ft of its target. 0:02:08.080 --> 0:02:10.400 The ex caliber was first used in a rack in 0:02:10.560 --> 0:02:13.840 two thousand seven in the high profile killing of an 0:02:13.840 --> 0:02:17.680 al Qaeda leader, and California's power grid once again didn't 0:02:17.720 --> 0:02:20.639 break despite being stretched to the limit as a punishing 0:02:20.639 --> 0:02:23.480 heat wave continues to test the state's ability to keep 0:02:23.520 --> 0:02:26.840 the lights on well. Today promises to be another ten standoff, 0:02:26.880 --> 0:02:29.440 with the man forecast near a record high and the 0:02:29.480 --> 0:02:35.160 California Independent System Operator already declaring an emergency. Watch Global 0:02:35.200 --> 0:02:37.160 News twenty four hours a day on the air and 0:02:37.280 --> 0:02:40.160 on Bloomberg Quicktake. We're powered by more than seven hundred 0:02:40.200 --> 0:02:43.400 journalists and the analysts it more than one hundred twenty countries. 0:02:43.600 --> 0:02:46.280 I'm John Tucker. This is Bloomberg. Nathan. Thank you, John. 0:02:50.720 --> 0:02:52.440 Come into five ten on Wall Street time for the 0:02:52.480 --> 0:02:55.320 Bloomberg Sports Up. Tad, Good morning, John's good morning, Nathan. 0:02:55.400 --> 0:02:57.519 Let's play two Matts and Yankees both made up of 0:02:57.560 --> 0:03:00.080 rain out with double headers, and both had sweep with 0:03:00.160 --> 0:03:02.240 had their aces on the mound for the Nightcaps and 0:03:02.320 --> 0:03:04.760 provided them with plenty of offense. And that's not normally 0:03:04.800 --> 0:03:07.400 the case when Jacob deGrom pitches, but the Grama the 0:03:07.440 --> 0:03:09.880 Mets beat the Pirates tend to nothing after taking the 0:03:09.919 --> 0:03:12.040 opener five to one. Is a good news on the field, 0:03:12.360 --> 0:03:14.360 not as good offen as Max Schers. It was placed 0:03:14.360 --> 0:03:16.760 on the injured list with that eighty side at the stadium. 0:03:16.800 --> 0:03:18.799 Garrett Cole on the mountain for the second game and 0:03:18.840 --> 0:03:21.320 the Yanks meet the Twins seven to one Isaiah kinder 0:03:21.400 --> 0:03:24.760 Felefa with the grand Slam. The opener included yet another 0:03:24.800 --> 0:03:28.720 home run by you know who, swing on hit in 0:03:28.760 --> 0:03:30.720 there in a deep one. That fall is hot, that 0:03:31.040 --> 0:03:39.400 is far, that is god, It's amazing and I mean, man, absolutely, 0:03:39.960 --> 0:03:42.480 he's done it again. How does he do it? Tend 0:03:42.520 --> 0:03:44.840 Sterling w f a n is now fifty five home 0:03:44.920 --> 0:03:47.119 runs for Aaron Judge. The Yanks won five to four, 0:03:47.200 --> 0:03:50.840 scoring twice in the twelfth inning. And another incredibly late 0:03:51.000 --> 0:03:53.480 night slash early morning at the US Open. Forty eight 0:03:53.480 --> 0:03:56.800 hours after Carlos Alcarez won his fourth round match at 0:03:56.800 --> 0:04:00.680 two twenty three am, Alcarez was back finishing the quarterfinal 0:04:00.760 --> 0:04:03.640 victory over Unique Center at two fifty a m. The 0:04:03.640 --> 0:04:06.000 match went five hours, fifteen minutes, so he's into the 0:04:06.000 --> 0:04:09.520 semis to play Francis tiafo Is doing things no American 0:04:09.520 --> 0:04:11.680 man has done. Sinzani Roddick, Thiafo the first from the 0:04:11.720 --> 0:04:14.360 US to be a Grand Slam semifinalists two thousand nine, 0:04:14.840 --> 0:04:16.719 first to do it at the Open since oh six, 0:04:17.080 --> 0:04:20.400 and Tiafo is the first African American Men's Open semifinalists. 0:04:20.600 --> 0:04:23.320 Arthur nasked fifty years ago, they'll play the women's semifinals 0:04:23.320 --> 0:04:25.640 today in the NFL season picks off tonight in l A, 0:04:25.839 --> 0:04:30.280 Rams and pills. John Stashar Bloomberg Sports. All right, John, 0:04:30.320 --> 0:04:34.080 thank you. SMP futures right now down one point, DAL 0:04:34.160 --> 0:04:37.240 futures down ten nasty futures a little changed to the downside. 0:04:37.240 --> 0:04:39.560 The tenure treasury is up three thirty seconds, the yield 0:04:39.640 --> 0:04:43.640 three point to five percent. You're listening to Bloomberg Daybreak, 0:04:47.320 --> 0:04:49.560 Bloomberg eleven three oh. They're mostly sunny with a high 0:04:49.600 --> 0:04:52.080 near eighty. Today, will be in the low eighties with 0:04:52.320 --> 0:04:57.200 sunshine starting tomorrow and all weekend long. Actually right now 0:04:57.279 --> 0:05:03.320 at sixty five degrees in Central Park markets. Headlines and 0:05:03.440 --> 0:05:06.720 breaking news twenty four hours a day at Bloomberg dot Com, 0:05:06.839 --> 0:05:10.440 the Bloomberg Business out hand at Bloomberg. Victake, He's a 0:05:10.480 --> 0:05:20.280 Bloomberg business lash and I'm Karen Moscow. European stocks are 0:05:20.279 --> 0:05:24.080 pairing early gains. His investors brace for potential unprecedented monetary 0:05:24.160 --> 0:05:27.520 policy tightening by the region's central bank. Later today you 0:05:27.600 --> 0:05:30.200 are stock index futures. They are a little change just 0:05:30.320 --> 0:05:32.640 after the S and P five hundred and nasdak rows 0:05:32.720 --> 0:05:35.839 more than one percent. Yesterday we checked the markets every 0:05:35.839 --> 0:05:39.080 fifteen minutes throughout the trading day on bloomberges and P futures. 0:05:39.120 --> 0:05:41.760 Again little change, and so are down. Announce Dack futures. 0:05:41.960 --> 0:05:44.640 The Dacks in Germany's down a tenth of uppercent, while 0:05:44.640 --> 0:05:46.760 the cat in Paris is up to tenths of upper cent, 0:05:46.839 --> 0:05:48.599 and the foot Sea one hundred is up three tenths 0:05:48.600 --> 0:05:51.600 of uppercent, and your treasury up three thirty seconds. You 0:05:51.640 --> 0:05:54.080 have three point to five percent yield on the two 0:05:54.160 --> 0:05:57.200 year three point four or four percent. Nim Max Screwed 0:05:57.200 --> 0:05:59.480 oil is down four tenths of upper cent on thirty 0:05:59.480 --> 0:06:01.680 five cents at eighty one dollar fifty seven cents of 0:06:01.760 --> 0:06:04.039 barrel com scholled up tenth of a percent of a 0:06:04.080 --> 0:06:08.120 dollar ninety at seventy announced. The euro is at point 0:06:08.160 --> 0:06:10.920 in nine nine nine nine against the dollar, British found 0:06:10.960 --> 0:06:14.440 one point one nine two and the yen one point one. 0:06:14.880 --> 0:06:17.920 Bitcoin is down eight tens of a percent at nineteen thousand, 0:06:17.960 --> 0:06:21.240 two hundred thirty dollars. And as a Bloomberg business flash, 0:06:21.240 --> 0:06:23.400 now here's John Tucker with Moore on what's going on 0:06:23.520 --> 0:06:26.599 around the world. John and Karen Police and Memphis, Tennessee 0:06:26.600 --> 0:06:29.520 have arrested a nineteen year old after four people were killed, 0:06:29.560 --> 0:06:32.680 three others wounded, and a random shooting spree that was 0:06:32.960 --> 0:06:36.359 live streamed on Facebook. President Biden holding back on the 0:06:36.400 --> 0:06:39.920 decision to scrap a a Trump ra tariffs on China imports, 0:06:40.279 --> 0:06:44.080 and the Pentagonist sent Ukraine it's most accurate artillery shell. 0:06:44.440 --> 0:06:47.320 The satellite guided weapon can hit within several feet of 0:06:47.320 --> 0:06:50.440 a target. Sports Yankees beat the Twins and both games 0:06:50.480 --> 0:06:53.359 of a double header. MAT's also winners, beating the Pirates 0:06:53.440 --> 0:06:56.360 both games of their double header. The Eighties lost to 0:06:56.400 --> 0:06:58.760 the Braves, the Giants lost to the Dodgers, the Red 0:06:58.760 --> 0:07:01.560 Sox lost to the Rays, the Orioles lose to the 0:07:01.560 --> 0:07:04.920 Blue Jays, the Nationals lose to the Cardinals, and the 0:07:05.080 --> 0:07:08.240 NFL season kicks off tonight with the Bills heading to 0:07:08.360 --> 0:07:11.600 Los Angeles to take on the Super Bowl champion. Rams 0:07:11.880 --> 0:07:14.920 Global News twenty four hours day on air on Bloomberg 0:07:14.960 --> 0:07:18.040 Quick Take, more than twenty seven hundred journalists and analysts 0:07:18.040 --> 0:07:21.840 and more than countries. I'm John Tucker. This is Bloomberg. 0:07:21.920 --> 0:07:24.400 Nathan Okay, John, thank you. It's five nineteen on Wall 0:07:24.440 --> 0:07:27.080 Street Life from the Bloomberg Interactive Broker Studios. This is 0:07:27.120 --> 0:07:31.080 Bloomberg Daybreak. And speaking of Los Angeles, that is where 0:07:31.120 --> 0:07:34.400 the US is set to host the first gathering of 0:07:34.480 --> 0:07:38.520 Asian nations on an economic agreement that the White House 0:07:38.920 --> 0:07:42.720 hopes will be a counter to China's rising influence in 0:07:42.840 --> 0:07:46.200 the region. It seems there is no end two tensions 0:07:46.280 --> 0:07:48.720 between the US and China. So we want to bring 0:07:48.760 --> 0:07:52.160 in our first guest this morning, James Meager, China Economy 0:07:52.240 --> 0:07:55.720 editor for Bloomberg News, joining us live from our bureau 0:07:55.880 --> 0:07:59.280 in Beijing. Good morning, James. So what more do we 0:07:59.400 --> 0:08:03.840 know out this? What thirteen nation summit that's kicking off today? 0:08:05.600 --> 0:08:08.600 So this is you know, this is like an attempt 0:08:08.600 --> 0:08:11.720 by the Biden administration. I guess too. As you said 0:08:11.760 --> 0:08:15.200 in the introduction to count of the rising economic power 0:08:15.200 --> 0:08:17.960 of China, I mean all of the nations in Asia, 0:08:18.480 --> 0:08:21.040 especially the ones that are coming to this meeting. For them, 0:08:21.120 --> 0:08:23.120 China is the largest trading part of that they have, 0:08:23.280 --> 0:08:26.400 you know, it's by an increasing amount of goods from Australia, 0:08:26.440 --> 0:08:31.760 from South Korea, from Japan, from India, and uh. The 0:08:31.760 --> 0:08:33.920 the failure of the you know, the failure the decision 0:08:33.920 --> 0:08:36.280 about the Trump administration to to to pull out of 0:08:36.280 --> 0:08:38.560 the t p P has sort of left the U 0:08:38.600 --> 0:08:41.079 S trade policy and economic policy towards these nations a 0:08:41.120 --> 0:08:43.240 little bit adrift. So this is the attempt by the 0:08:43.240 --> 0:08:45.920 Biden administration to sort of bring that back on course 0:08:45.960 --> 0:08:48.640 and to try and you know, to increase economic connections 0:08:48.640 --> 0:08:52.480 between the countries of Asia and the US. It isn't 0:08:52.480 --> 0:08:57.200 really isn't really traditional trade negotiation. The then this is 0:08:57.240 --> 0:09:00.440 really this meeting that's happening in Los Angeles starting today 0:09:00.720 --> 0:09:03.520 is sort of an agreement to start talking the company. 0:09:03.559 --> 0:09:05.320 The countries are going to meet and they're gonna say like, 0:09:05.400 --> 0:09:08.080 these are the these are the big buckets of things 0:09:08.160 --> 0:09:10.439 we would like to do. Where can we cooperate, where 0:09:10.440 --> 0:09:13.200 can we not cooperate? And and some of those countries 0:09:13.200 --> 0:09:15.800 are not going to cooperate in all these areas. You know, 0:09:15.880 --> 0:09:20.040 these the areas where looking at trade, supply chains, decobanization, 0:09:20.360 --> 0:09:22.800 and then taxes in corruption. And one of the things 0:09:22.800 --> 0:09:25.120 that's different about this from a normal trade negotiation is 0:09:25.160 --> 0:09:27.760 that it's basically pick or choose, Like some countries may 0:09:27.800 --> 0:09:30.800 decide to just cooperate on trade, some countries may decide 0:09:30.840 --> 0:09:34.520 to cooperate on any corruption or tax you know, harmonization, 0:09:34.600 --> 0:09:36.880 that kind of thing. So it's you know, it's very 0:09:36.960 --> 0:09:40.080 much an ad hoc kind of process. And that part 0:09:40.080 --> 0:09:42.240 of the reason for that is that it's impossible to 0:09:42.280 --> 0:09:45.599 get a trade deal through through Congress. Um the Binding administration, 0:09:45.600 --> 0:09:49.880 the Trump administration before it, it has shown it's impossible 0:09:49.920 --> 0:09:52.360 for you know, the US Congress to vote or sorry, 0:09:52.400 --> 0:09:54.960 the US sender to vote to approve any kind of 0:09:54.960 --> 0:09:58.160 trade deal. And so the I guess the administration's effort 0:09:58.200 --> 0:10:00.840 is to know, have this kind of talk jop which 0:10:00.880 --> 0:10:04.040 doesn't need congressional approval. Yeah, so you've laid out some 0:10:04.080 --> 0:10:07.839 of the challenges there. But what is China's influence looking 0:10:07.880 --> 0:10:10.480 like right now? Given all the muscle flexing that's been 0:10:10.520 --> 0:10:15.240 going on really ever since how Speaker Nancy Pelosi came 0:10:15.320 --> 0:10:19.720 to Taiwan last month. I mean, I think China's muscle, 0:10:19.920 --> 0:10:23.000 at least on economic and trade goes back well before 0:10:23.240 --> 0:10:25.800 the recent tensions of Taiwan. If you look at, you know, 0:10:25.800 --> 0:10:28.600 the growth of the rise of China's economy over the 0:10:28.640 --> 0:10:31.600 last twenty years, it's going from being basically a minnow 0:10:31.600 --> 0:10:34.000 and global trade to becoming to being the world's largest 0:10:34.040 --> 0:10:36.559 trading country now. As I said, it's the largest trading 0:10:36.600 --> 0:10:38.520 partner from all of the countries that are that are 0:10:38.640 --> 0:10:41.520 that are represented in in Los Angeles today and tomorrow. 0:10:42.040 --> 0:10:45.760 Uh so the you know, it's the world second large 0:10:45.800 --> 0:10:48.320 of economy. It's a huge source of demand for many 0:10:48.360 --> 0:10:50.760 many countries in a while all the two sorts of imports, 0:10:50.760 --> 0:10:53.920 including for the US for many kinds of manufactured goods. 0:10:54.080 --> 0:10:57.959 So China's weight in the region is because it is 0:10:58.000 --> 0:11:00.440 such a massive economy and it is most to all 0:11:00.480 --> 0:11:03.359 of these countries. Obviously it's much closer to from Thailand 0:11:03.760 --> 0:11:06.480 or Australia or Japan to China than it is to 0:11:06.520 --> 0:11:08.840 the US, so you know, it has that economic heft, 0:11:09.440 --> 0:11:11.280 uh you know, and at the moment, I guess you 0:11:11.320 --> 0:11:14.440 could say that the US still has some areas in 0:11:14.440 --> 0:11:16.679 which is stronger than China in the region. It's still 0:11:16.720 --> 0:11:19.320 a much larger investor into many of these countries. You know, 0:11:19.320 --> 0:11:22.520 it's by far the largest investor into Australia, it's a Thailand, 0:11:23.120 --> 0:11:25.280 and into other countries in the region. But you know, 0:11:25.360 --> 0:11:30.120 the growth of trade between China and Asian countries, for example, 0:11:30.200 --> 0:11:32.480 is much much faster than the growth of trade between 0:11:32.520 --> 0:11:35.000 the US and those countries. China has been able to 0:11:35.040 --> 0:11:37.440 sit a sign free trade deals with all of those countries, 0:11:37.679 --> 0:11:39.520 and so the direction of trade is obviously going to 0:11:39.520 --> 0:11:42.960 be much more focused on trade between athel or trade 0:11:42.960 --> 0:11:45.960 became Asian nations and China more than it would be 0:11:46.000 --> 0:11:49.000 on the focused on trade between the US and those countries. So, 0:11:49.240 --> 0:11:51.400 you know, this agreement is an attempt by the Biden 0:11:51.400 --> 0:11:53.960 administration to try and shift that focus a little bit 0:11:53.960 --> 0:11:56.599 back to the US, you know, shifted away from the 0:11:56.640 --> 0:11:59.240 direction has been going over the past twenty years as 0:11:59.320 --> 0:12:04.679 China has as its economy has has grown. You know, well, 0:12:04.920 --> 0:12:07.880 it can be very interesting to watch whether this economic 0:12:07.960 --> 0:12:10.920 pressure and put to bear on China by the USh 0:12:11.280 --> 0:12:15.959 bears fruit given some of the h even further geopolitical 0:12:16.000 --> 0:12:19.920 military potential tensions that we've seen in recent weeks. James Meager, 0:12:20.000 --> 0:12:23.520 our China Economy editor for Bloomberg News, thanks for joining 0:12:23.600 --> 0:12:26.200 us this morning giving us more insights on this Indo 0:12:26.280 --> 0:12:30.440 Pacific Economic Framework for Prosperity conference kicking off today at 0:12:30.440 --> 0:12:34.000 two day conference UH said to begin in Los Angeles. 0:12:34.440 --> 0:12:37.840 Looking ahead to the market open futures are little changed 0:12:37.880 --> 0:12:41.520 to have an ECB decision this morning. You're listening to 0:12:41.559 --> 0:12:49.280 Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today with 0:12:49.320 --> 0:12:52.200 a higher eighty degrees, will be sunny, low eighties Tomorrow 0:12:52.320 --> 0:12:56.000 and Saturday. We'll call it partly sunny Sunday, but still 0:12:56.000 --> 0:12:58.040 warm with highs in the low eighties. Right now sixty 0:12:58.120 --> 0:13:04.760 five in Central Park, broadcasting live from the Bloomberg Interacted 0:13:04.800 --> 0:13:08.680 Broker's studio in New York. Bloomberg E Living Freedom to Washington, 0:13:08.760 --> 0:13:12.839 d C. Bloomberg to Boston, Bloomberg one O six one 0:13:12.960 --> 0:13:16.400 to San Francisco, Bloomberg now sixty to the country, Sirius 0:13:16.559 --> 0:13:19.040 x M CHADO one nine team and around the globe, 0:13:19.080 --> 0:13:22.680 the Bloomberg Business at and Bloomberg Radio dot Com. This 0:13:23.040 --> 0:13:31.840 is Bloomberg Daybreak. It's five thirty on Wall Street good morning. 0:13:31.840 --> 0:13:34.960 I'm Nathan Hagar and I'm karenin Moscow. We're just about 0:13:34.960 --> 0:13:37.440 four hours away from the open of US trading. Let's 0:13:37.440 --> 0:13:38.800 get you up to date on the news you need 0:13:38.880 --> 0:13:41.679 to know at this hour. We begin overseas, where the 0:13:41.720 --> 0:13:45.360 European Central Bank calls its first monetary policy meeting since July. 0:13:45.840 --> 0:13:48.720 Economists expect the ECB to deliver a rate hike as 0:13:48.800 --> 0:13:52.080 high as seventy five basis points, but Bloomberg's Maria Todeo 0:13:52.240 --> 0:13:56.000 says it's still unclear exactly how high they'll go. When 0:13:56.040 --> 0:13:58.280 you look at the seventy five basis points camp, what 0:13:58.480 --> 0:14:00.960 they argue is there is a go now to hike, 0:14:01.040 --> 0:14:04.720 and you should do it quickly, decisively, and take swift action. 0:14:04.800 --> 0:14:07.440 This is now about the credibility of the institution. On 0:14:07.520 --> 0:14:09.640 the flip side, when you look at the fifty basis 0:14:09.640 --> 0:14:12.080 points at Camp here, what they argue is that you 0:14:12.080 --> 0:14:15.599 could find yourself in a situation where you're hiking aggressively 0:14:15.840 --> 0:14:18.760 at the same time your economy about to enter potentially 0:14:19.040 --> 0:14:23.360 a recession and facing an energy crisis. Bloomberg's Maria today 0:14:23.400 --> 0:14:25.760 O says, no matter how high the e c D goes, 0:14:25.880 --> 0:14:29.240 the Central Bank will definitely raise rates today. All back 0:14:29.280 --> 0:14:31.480 here in the US, Karen, We're watching for comments from 0:14:31.520 --> 0:14:34.080 Fed Chair j Powell. He has scheduled to take part 0:14:34.080 --> 0:14:37.560 in the moderated discussion hosted by the Cato Institute this morning. 0:14:37.720 --> 0:14:39.960 Stick with us for live coverage of the remarks starting 0:14:39.960 --> 0:14:43.359 around nine am All street time on Bloomberg Radio and television. 0:14:43.560 --> 0:14:46.920 Well overseas, Nathan, we have a big move in geopolitics. 0:14:46.960 --> 0:14:50.480 The US is warning about Chinese threats to Taiwan. National 0:14:50.560 --> 0:14:54.200 Security Adviser Jake Sullivan says he and congressional leaders are 0:14:54.240 --> 0:14:57.200 working to alter policy toward the island and light of 0:14:57.280 --> 0:15:00.760 threats from Beijing or elements of that legislation with respect 0:15:00.800 --> 0:15:03.480 to how we can strengthen our security assistance for Taiwan 0:15:03.880 --> 0:15:08.840 that are quite effective and robust that will improve Taiwan security. 0:15:09.000 --> 0:15:11.560 There are other elements that give us some concern and 0:15:11.680 --> 0:15:14.440 National Security Adviser Jake Sullivan made the comments on the 0:15:14.520 --> 0:15:18.240 David Rubinstein Show Peer to Peer Conversations. Get the program 0:15:18.320 --> 0:15:21.320 later this month on Bloomberg Television September twenty one, at 0:15:21.400 --> 0:15:23.840 nine pm Eastern. The U s is also taking him 0:15:23.880 --> 0:15:26.240 at China on the economic frontcare and the White House 0:15:26.280 --> 0:15:29.120 is hosting its first gathering of Asian nations over an 0:15:29.200 --> 0:15:33.040 economic agreement aimed to counter Beijing's rising influence in the region. 0:15:33.240 --> 0:15:35.920 Bloomberg Stephen Angel in Hong Kong says the agreement is 0:15:35.920 --> 0:15:39.360 not traditional. It's more focused on ways to build trade 0:15:39.640 --> 0:15:44.120 with these fourteen nations, to improve supply chains, to build 0:15:44.240 --> 0:15:47.800 clean energy initiative de carbonization as a main goal, and 0:15:47.840 --> 0:15:51.040 also the infrastructure to do that. Also deals with taxes 0:15:51.240 --> 0:15:54.360 and anti corrupted Bloomberg Stephen Angel says critics of the 0:15:54.360 --> 0:15:57.160 pack thing to too vague and want more details. And 0:15:57.280 --> 0:15:59.720 we're keeping an eye on the yen this morning. Nathan. 0:15:59.760 --> 0:16:03.120 It's a bid because swings overnight weaker than stronger, now 0:16:03.160 --> 0:16:05.800 weaker again. There are reports of officials in Japan are 0:16:05.800 --> 0:16:07.960 meeting for the first time since June to discuss the 0:16:08.040 --> 0:16:12.120 situation again. At one point oh seven against the dollar. 0:16:12.600 --> 0:16:20.320 And this is Bloomberg three on All Street, sixty five 0:16:20.320 --> 0:16:23.480 degrees in Central Park eastbound b Que's getting heavy into 0:16:23.520 --> 0:16:26.040 cabin Plaza. Will get to the details in traffic first 0:16:26.120 --> 0:16:28.080 John Tucker with what else is going on in New 0:16:28.160 --> 0:16:30.280 York and around the world. John and Nathan one of 0:16:30.320 --> 0:16:33.480 the last remaining government mandates of the pandemic has now 0:16:33.520 --> 0:16:36.800 been lifted. More this morning and this report from Bloomberg's 0:16:36.840 --> 0:16:40.160 Lisa Mateo, New York Governor Kathy Hokel has lifted the 0:16:40.160 --> 0:16:43.600 state's mask requirement for public transit. It comes after months 0:16:43.640 --> 0:16:47.200 of confusion among commuters by varying national, state, and local 0:16:47.280 --> 0:16:50.680 rules on where face coverings are required. The governor says 0:16:50.720 --> 0:16:53.360 COVID numbers are stable, putting the state in a good 0:16:53.360 --> 0:16:57.360 place now effective immediately. Masks will no longer be required 0:16:57.400 --> 0:17:01.360 for mass transit, correctional facilities, and shell There's mass mandates 0:17:01.440 --> 0:17:04.120 remain in effect at nursing homes as well as other 0:17:04.160 --> 0:17:07.320 health care facilities regulated by the state. Mass compliance on 0:17:07.400 --> 0:17:10.639 New York City subways, buses, and commuter trains had waned 0:17:10.680 --> 0:17:14.320 over the past few months. Lisa Mateo, Bloomberg Daybreak. Another 0:17:14.359 --> 0:17:17.680 mass shooting in Memphis. Four people were killed three others 0:17:17.680 --> 0:17:20.560 injured in a shooting spree that held the city hostage 0:17:20.560 --> 0:17:23.800 for hours last night. Police say nineteen year old Ezekiel 0:17:23.880 --> 0:17:27.919 Kelly drove around randomly shooting people while live streaming on Facebook. 0:17:28.200 --> 0:17:31.159 He was taken into custody. Court records show he had 0:17:31.200 --> 0:17:34.199 a previous first degrade murder charge, but pleaded down to 0:17:34.320 --> 0:17:37.159 aggravate an assault. He served just eleven months of a 0:17:37.240 --> 0:17:40.719 three year sentence. Memphis Mayor Jim Strickland was outraged and 0:17:40.760 --> 0:17:44.600 blamed a lenient judicial system because I'm tired of our 0:17:44.640 --> 0:17:48.560 police officers arresting the same people over and over and over, 0:17:48.920 --> 0:17:53.359 and those people committing violent acts. The shooting comes the 0:17:53.400 --> 0:17:56.159 same week Memphis police found the body of a missing teacher, 0:17:56.160 --> 0:18:00.000 Eliza Fletcher. The second suspect wanted in the standing rampage 0:18:00.000 --> 0:18:04.320 Agent Canada, has died. Miles Sanderson was taken into custody yesterday, 0:18:04.359 --> 0:18:07.320 but police say he went into medical distress shortly after 0:18:07.480 --> 0:18:10.119 and died. Myles and his brother Damien had been on 0:18:10.119 --> 0:18:13.399 the run in Saskatchewan since Sunday, accused of a stabbing 0:18:13.440 --> 0:18:16.800 spree that killed ten and left nineteen others injured. Damien 0:18:16.920 --> 0:18:19.280 was found dead in the field near these stabbing sites. 0:18:19.320 --> 0:18:22.359 On Monday. President Biden will hold a video call with 0:18:22.480 --> 0:18:25.320 allies today. The talks will focus on the next step 0:18:25.359 --> 0:18:29.080 to support Ukraine against Russia's invasion the Pentagon meantime and 0:18:29.119 --> 0:18:33.000 sent Ukraine It's most accurate artillery Shell the GPS guided 0:18:33.080 --> 0:18:36.479 ex Caliber, according to budget documents, and a judge has 0:18:36.520 --> 0:18:39.520 sharply criticized that Ela Moss were not properly turning over 0:18:39.600 --> 0:18:43.440 text messages that could be evidence in Twitter's lawsuit seeking 0:18:43.440 --> 0:18:46.480 to force the billionaire to complete his proposed forty four 0:18:46.520 --> 0:18:50.359 billion dollar buy out. The judge said there were glaring deficiencies. 0:18:50.640 --> 0:18:52.800 Global News twenty four hours a day on air and 0:18:52.840 --> 0:18:56.240 on Bloomberg Quicktake, powered by more than seven journalists and 0:18:56.240 --> 0:18:59.200 analysts more than one hundred twenty countries. I'm John Temper. 0:18:59.280 --> 0:19:06.640 This is Bloomberg as John Tucker. Thank you almost six 0:19:06.680 --> 0:19:09.639 on Wall streetch on Stashowers, the Bloomberg Sports Update, Thanks Dathan. 0:19:09.680 --> 0:19:12.200 When the Yankees are slumping, bring on the Twins. It's 0:19:12.200 --> 0:19:14.320 the team the Yanks always seem to dominate. And the 0:19:14.400 --> 0:19:16.480 Yanks with a double Edder sweep, now go for a 0:19:16.480 --> 0:19:18.760 four game series sweep tonight. They're doing it with a 0:19:18.800 --> 0:19:20.920 lineup that had five guys who have spent most of 0:19:20.960 --> 0:19:23.760 the season in Scranton, and the Yanks still won the 0:19:23.800 --> 0:19:26.679 wild opener five to four. They scored twice in the 0:19:26.760 --> 0:19:29.520 twelfth inning. That's Waldo Cabrera had the walk off hit 0:19:29.560 --> 0:19:32.600 and in in over twenty five slump. Earlier in Aaron 0:19:32.680 --> 0:19:36.240 Judge o'mron his fifty fifth second most in the Yankee history, 0:19:36.280 --> 0:19:39.679 moving past Mickey Mannell and Alex Rodriguez and now trailing 0:19:39.760 --> 0:19:42.960 only Roger Marri's nightcap had a grand slam from Isaiah 0:19:43.040 --> 0:19:45.639 Connor Felff and Aaron Hicks, who has struggled so mightily 0:19:45.840 --> 0:19:47.760 with a three run double on the Yanks one seven 0:19:47.800 --> 0:19:50.520 to one. That's also with a doubleheader sweep in Pittsburgh, 0:19:50.840 --> 0:19:53.000 first five to one and then tend enough. And though 0:19:53.000 --> 0:19:55.000 Max Scherzer has been put on the injured list with 0:19:55.080 --> 0:19:57.840 an eighty side, the hope is he misses only one start, 0:19:57.880 --> 0:20:00.000 no more than two. So down to the final four 0:20:00.000 --> 0:20:03.320 at the US Open Women's semifinals today tonight no Americans left. 0:20:03.400 --> 0:20:06.800 Jess Pagoula lost last night to the top seed IGIs Giontech. 0:20:06.880 --> 0:20:08.600 There is an American left on the men's side that 0:20:08.640 --> 0:20:10.440 had not been the case at the Open since Andy 0:20:10.560 --> 0:20:14.440 Roddick in two thousand six. Francis Tiafa one again. Tomorrow, 0:20:14.480 --> 0:20:18.640 Tiafa will face Carlos Alcarez. He won his quarterfinal match 0:20:18.640 --> 0:20:21.040 with the Unique Center in five sets. The match went 0:20:21.160 --> 0:20:25.840 five hours fifteen minutes. It ended at two fifty am. 0:20:25.880 --> 0:20:29.879 Alcarez had won his previous match at two twenty three am. 0:20:30.000 --> 0:20:33.000 Grams and Bills kick off the NFL season tonight in 0:20:33.119 --> 0:20:35.320 l A. The Jets made official that Joe Flacco will 0:20:35.359 --> 0:20:38.600 be their starting quarterbacks Sunday against Baltimore. Zack Wilson not 0:20:38.720 --> 0:20:40.320 ready to return from his knee injury. In fact, he 0:20:40.400 --> 0:20:43.840 might miss the first three games. John Stash Howard Bloomberg 0:20:43.880 --> 0:20:46.680 Sports Nathan John Thanks thirty seven on Wall Street Time 0:20:46.720 --> 0:20:49.159 for the Tri State Business Report with Bloomberg's head Cory 0:20:49.560 --> 0:20:52.960 Manhattan home sales under a million dollars sagged well below 0:20:53.000 --> 0:20:56.600 their pre pandemic levels this summer. The number of properties 0:20:56.640 --> 0:20:59.760 for sale under five hundred thousand bucks had entered contract 0:20:59.800 --> 0:21:02.720 in June, July and August was twenty nine, present, less 0:21:02.760 --> 0:21:05.120 than the average number for that period in the decade 0:21:05.160 --> 0:21:08.280 leading up to the pandemic. Bosses expect workers to start 0:21:08.320 --> 0:21:11.600 showing up more regularly at Manhattan offices that have been 0:21:11.680 --> 0:21:15.960 sparsely populated for more than two years. Jeff Blow, chief 0:21:16.000 --> 0:21:20.159 executive officer of Landlord Related Companies, thinks there will be 0:21:20.160 --> 0:21:22.399 a real push back to the office. Now that summer 0:21:22.480 --> 0:21:25.360 is ending, New York City is seeking bids from companies 0:21:25.400 --> 0:21:28.120 to operate its ferry system, a fleet of thirty eight 0:21:28.160 --> 0:21:30.680 boats that play a role in Mayor Eric Adam's plan 0:21:30.840 --> 0:21:34.800 to lure riders back to public transportation. N y C 0:21:35.080 --> 0:21:38.600 Ferry is used by six civilion travelers every year on 0:21:38.760 --> 0:21:42.720 routes that cover seventy nautical miles to all five boroughs 0:21:43.040 --> 0:21:47.240