1 00:00:00,560 --> 00:00:04,320 Speaker 1: Live Bloomberg Interactive Rooker Studios is Bloomberg day Break for 2 00:00:04,320 --> 00:00:07,840 Speaker 1: a Thursday, November seventeen two coming up this hour, Did 3 00:00:07,920 --> 00:00:11,240 Speaker 1: Russia fire a missile into Poland? President Biden says that's 4 00:00:11,280 --> 00:00:14,680 Speaker 1: not the evidence. Now Ukraine is responding. We stick exclusively 5 00:00:14,720 --> 00:00:18,040 Speaker 1: with President Vladimir's Lensky. Republicans take control of the House, 6 00:00:18,079 --> 00:00:20,720 Speaker 1: setting up battles with Democrats on several fronts, and the 7 00:00:20,720 --> 00:00:24,280 Speaker 1: new UK Chancellor of the Exchequer prepares to detail spending 8 00:00:24,320 --> 00:00:27,080 Speaker 1: cuts and tax hikes. New York City wants hire minimum 9 00:00:27,120 --> 00:00:30,200 Speaker 1: pay for app based food delivery workers. Plus former VP 10 00:00:30,360 --> 00:00:33,479 Speaker 1: Penn says Republicans have better choices than Donald Trump for 11 00:00:33,479 --> 00:00:36,120 Speaker 1: the White House. On Michael bar More Ahead, John Stash 12 00:00:36,120 --> 00:00:38,960 Speaker 1: Howard sports the Knicks one in Denver, the local hockey teams, 13 00:00:38,960 --> 00:00:41,680 Speaker 1: Plate Tonight, and Aaron Judge expected to be named today 14 00:00:41,920 --> 00:00:46,840 Speaker 1: m V That's all Trained Ahead on Bloomberg day Break 15 00:00:47,159 --> 00:00:51,520 Speaker 1: on Bloomberg eleven three on New York, Bloomberg one, Washington, 16 00:00:51,600 --> 00:00:55,240 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine 17 00:00:55,280 --> 00:00:59,480 Speaker 1: sixties and Francisco Sirius Exam one nine team and around 18 00:00:59,520 --> 00:01:02,960 Speaker 1: the world on Bloomberg Radio, dot Com and bother Bloomberg 19 00:01:03,000 --> 00:01:09,600 Speaker 1: business app Good morning. I'm Nathan Hager and I'm Parrot. 20 00:01:09,600 --> 00:01:13,160 Speaker 1: Moscow and US futures are extending their declines this morning. 21 00:01:13,160 --> 00:01:14,880 Speaker 1: We're coming up to six o one on Wall Street, 22 00:01:14,880 --> 00:01:17,000 Speaker 1: and we checked the markets every fifteen minutes throughout the 23 00:01:17,000 --> 00:01:19,959 Speaker 1: trading day on Bloomberg with SNP Future is down twenty 24 00:01:19,959 --> 00:01:22,960 Speaker 1: one points down, Future is down one sixty five and 25 00:01:23,040 --> 00:01:26,400 Speaker 1: NASDAG futures down sixty five. The decks in Germany now 26 00:01:26,480 --> 00:01:30,200 Speaker 1: little change ten. Your treasury down thirteen thirty seconds. You know, 27 00:01:30,280 --> 00:01:32,760 Speaker 1: three point seven three per cent they yield on the 28 00:01:32,800 --> 00:01:35,880 Speaker 1: two year four point three six percent. Nine max Screwed 29 00:01:35,920 --> 00:01:38,039 Speaker 1: oil is down one point four percent, down a dollar 30 00:01:38,160 --> 00:01:40,639 Speaker 1: nineteen at eighty four dollars forty two cents of barrel 31 00:01:40,880 --> 00:01:43,199 Speaker 1: co makes go down six ten percent or ten dollars 32 00:01:43,200 --> 00:01:46,520 Speaker 1: forty cents at seventeen sixty five forty announced the euro 33 00:01:46,640 --> 00:01:50,160 Speaker 1: one oh three four one against the dollar. Nathan, all right, Karen, 34 00:01:50,200 --> 00:01:52,320 Speaker 1: thank you. We'll get more on the markets in a minute, 35 00:01:52,320 --> 00:01:54,080 Speaker 1: but first we want to bring you the latest on 36 00:01:54,120 --> 00:01:56,680 Speaker 1: the investigation into the missile strike. This week, they killed 37 00:01:56,720 --> 00:02:00,360 Speaker 1: two people in Poland. Ukrainian President vladimir's len Ski has 38 00:02:00,400 --> 00:02:03,720 Speaker 1: insisted that rocket came from Russia. President Biden was asked 39 00:02:03,720 --> 00:02:06,600 Speaker 1: about it this morning. What's your reaction, Presidents, We keep 40 00:02:06,680 --> 00:02:10,200 Speaker 1: saying that the missiles and ranted in Poland. We're not Ukrainian. 41 00:02:11,960 --> 00:02:15,920 Speaker 1: That's not the overli. President Biden, along with Poland and 42 00:02:16,040 --> 00:02:19,520 Speaker 1: NATO all say the missile likely came from Ukraine's air defenses, 43 00:02:19,600 --> 00:02:23,200 Speaker 1: but they also say Russia bears ultimate responsibility. Well. Nakan 44 00:02:23,280 --> 00:02:26,720 Speaker 1: President Zelenski is also facing questions about the air strike. 45 00:02:26,760 --> 00:02:29,720 Speaker 1: Bloomberg News editor in chief John Nikel Thwaite spoke with 46 00:02:29,760 --> 00:02:32,280 Speaker 1: the president by a video link at the Bloomberg New 47 00:02:32,320 --> 00:02:35,200 Speaker 1: Economy Forum in Singapore. But I'm sure that this is 48 00:02:35,200 --> 00:02:38,359 Speaker 1: a Russian missile, and I'm sure that we were launching 49 00:02:38,400 --> 00:02:42,720 Speaker 1: the air defense missiles, but we can't say specifically that 50 00:02:42,760 --> 00:02:46,079 Speaker 1: this was the defense of Ukraine. Although we are grateful 51 00:02:46,120 --> 00:02:49,120 Speaker 1: for not being blamed because we are fighting against the 52 00:02:49,200 --> 00:02:54,000 Speaker 1: Russian missiles in our territory. But nevertheless, we have to 53 00:02:54,040 --> 00:02:58,960 Speaker 1: be fair and honest. Until the investigation is over, we 54 00:02:59,000 --> 00:03:02,480 Speaker 1: can't say what kind of missile, what pieces of which 55 00:03:02,880 --> 00:03:06,120 Speaker 1: a missile fell on the Polish terri Tree. Speaking through 56 00:03:06,160 --> 00:03:09,960 Speaker 1: an interpreter, President Vladimir Zelenski, he says Ukraine will go 57 00:03:10,040 --> 00:03:12,800 Speaker 1: to the blast side in Poland as part of the investigation. 58 00:03:13,120 --> 00:03:15,680 Speaker 1: Catch more of our interview with the Ukrainian president from 59 00:03:15,680 --> 00:03:19,200 Speaker 1: the Bloomberg New Economy Forum coming up shortly in our program. 60 00:03:19,360 --> 00:03:22,920 Speaker 1: Well meantime, Karen, future US financial support for Ukraine maybe 61 00:03:22,919 --> 00:03:25,440 Speaker 1: in question now the Republicans have gained control in the 62 00:03:25,480 --> 00:03:29,040 Speaker 1: House of Representatives. Amy Morris has details from our Bloomberg 63 00:03:29,760 --> 00:03:33,240 Speaker 1: newsroom in Washington. It is a power shift in Washington, 64 00:03:33,440 --> 00:03:36,960 Speaker 1: with Republicans winning a narrow House majority. The GOP now 65 00:03:37,000 --> 00:03:40,440 Speaker 1: has subpoena power and control over powerful committees, and that 66 00:03:40,520 --> 00:03:43,960 Speaker 1: has Democrats worried about the future of President Biden's agenda 67 00:03:44,360 --> 00:03:48,720 Speaker 1: and future financial support for Ukraine. Republican lawmakers are set 68 00:03:48,760 --> 00:03:51,960 Speaker 1: to give closer scrutiny to financial support for Ukraine. House 69 00:03:52,040 --> 00:03:55,200 Speaker 1: Minority Leader Kevin McCarthy, who is set to become speaker, 70 00:03:55,360 --> 00:03:58,120 Speaker 1: says Republicans are not going to write a blank check 71 00:03:58,400 --> 00:04:02,520 Speaker 1: while President Biden does have workaround GOP demands will make 72 00:04:02,600 --> 00:04:06,040 Speaker 1: us allies uneasy in Washington. I maybe more as Bloomberg 73 00:04:06,120 --> 00:04:08,880 Speaker 1: Daybreak right. Amy, thank you a Republican control of the 74 00:04:08,920 --> 00:04:12,640 Speaker 1: House may also benefit financial services firms. Next year, the 75 00:04:12,680 --> 00:04:16,200 Speaker 1: GOP will lead the powerful Financial Services Committee, which can 76 00:04:16,200 --> 00:04:18,839 Speaker 1: demand information from the heads of agencies such as the 77 00:04:18,960 --> 00:04:22,640 Speaker 1: SEC and the Consumer Financial Protection Bureau and seek to 78 00:04:22,680 --> 00:04:25,720 Speaker 1: dial up oversight on regulators. And let's say, banks and 79 00:04:25,720 --> 00:04:28,559 Speaker 1: hedge funds could gain from any slow down in SEC 80 00:04:28,720 --> 00:04:31,840 Speaker 1: actions in the UK. This morning, Karen, investors are closely 81 00:04:31,880 --> 00:04:35,440 Speaker 1: watching Chancellor of the Exchequer Jeremy hunt he delivers details 82 00:04:35,440 --> 00:04:37,960 Speaker 1: on the UK's budget today. Let's go to London and 83 00:04:38,000 --> 00:04:40,720 Speaker 1: get the very latest with Bloomberg's Uin Pots. Good morning, 84 00:04:41,120 --> 00:04:44,479 Speaker 1: Good morning, Athan and Karen. Tax rises and government spending 85 00:04:44,480 --> 00:04:47,320 Speaker 1: cuts are coming down the line. Chance that Jeremy Hunts 86 00:04:47,360 --> 00:04:49,640 Speaker 1: will stand up in the British Parliament later this morning. 87 00:04:49,720 --> 00:04:52,360 Speaker 1: It sets out how he plans to make fifty five 88 00:04:52,480 --> 00:04:55,520 Speaker 1: billion pounds of savings. That's the amount needed for the 89 00:04:55,560 --> 00:04:59,200 Speaker 1: government to meet its medium term debt targets. The backdrop 90 00:04:59,360 --> 00:05:02,560 Speaker 1: is UK in inflation at a forty year high, rapidly 91 00:05:02,680 --> 00:05:06,440 Speaker 1: rising interest rates, and forecasts for a recession next year. 92 00:05:06,760 --> 00:05:09,839 Speaker 1: It's a tough hand to play in London. Immune Pot Spin, 93 00:05:09,880 --> 00:05:11,960 Speaker 1: bad day break, all right, You and thank you. Monetary 94 00:05:12,080 --> 00:05:14,760 Speaker 1: policy also in focus in Europe this morning. It looks 95 00:05:14,760 --> 00:05:17,520 Speaker 1: like the European Central Bank may slow down interest rate 96 00:05:17,600 --> 00:05:20,480 Speaker 1: hikes with only a fifty basis point increase next month. 97 00:05:20,680 --> 00:05:23,680 Speaker 1: Sources Hell Bloomberg. That initial talk suggests a lack of 98 00:05:23,720 --> 00:05:27,560 Speaker 1: momentum for another seventy five basis point move. Reasons cited 99 00:05:27,560 --> 00:05:31,040 Speaker 1: are mounting recession risks and a possible weakening of consumer 100 00:05:31,120 --> 00:05:33,480 Speaker 1: price pressures like here in the US Care and another. 101 00:05:33,600 --> 00:05:36,279 Speaker 1: FED officials on board with slowing the pace of federal 102 00:05:36,360 --> 00:05:40,320 Speaker 1: reserve rate hikes. FED Governor Christopher Waller spoken Phoenix yesterday 103 00:05:40,560 --> 00:05:43,960 Speaker 1: looking forward to them December meeting. The data of the 104 00:05:44,000 --> 00:05:47,800 Speaker 1: past few weeks had made me more comfortable considering stepping 105 00:05:47,839 --> 00:05:51,160 Speaker 1: down to a fifty basis point hike, and Christopher Waller 106 00:05:51,200 --> 00:05:53,200 Speaker 1: has been one of the more hawkish members of the FED. 107 00:05:53,279 --> 00:05:56,039 Speaker 1: The Central banks raised its benchmark interest rate by seventy 108 00:05:56,040 --> 00:05:59,200 Speaker 1: five basis points four straight times. Now the latest and 109 00:05:59,240 --> 00:06:02,559 Speaker 1: the collapse of f t X, Nathan former CEO Sam 110 00:06:02,600 --> 00:06:05,200 Speaker 1: Bankman Freed is telling his side of the story, and 111 00:06:05,240 --> 00:06:08,040 Speaker 1: he's doing it through a series of tweets bankmun Freed 112 00:06:08,080 --> 00:06:11,039 Speaker 1: and myths that f t X got overconfident and careless, 113 00:06:11,279 --> 00:06:14,080 Speaker 1: and says he would do his best to save customers cash. 114 00:06:14,400 --> 00:06:17,080 Speaker 1: New management at f t X say Bankman Free does 115 00:06:17,200 --> 00:06:20,280 Speaker 1: not speak on the company's behalf. Speaking of social media, 116 00:06:20,360 --> 00:06:23,280 Speaker 1: Karen the former chairman of Twitter, says Elon Musk could 117 00:06:23,279 --> 00:06:26,400 Speaker 1: be creating room for competitors. Patrick Paschett says it could 118 00:06:26,440 --> 00:06:29,560 Speaker 1: happen if Musk breaks the ethos of the company. Fischett 119 00:06:29,640 --> 00:06:32,200 Speaker 1: told Radio Canada it's too early to tell if Musk 120 00:06:32,200 --> 00:06:34,440 Speaker 1: will be good for Twitter. And now let's take a 121 00:06:34,440 --> 00:06:37,240 Speaker 1: look at some stocks on the move this morning following earning. 122 00:06:37,240 --> 00:06:39,920 Speaker 1: He shares of Cisco up about four percent. That's after 123 00:06:39,960 --> 00:06:42,880 Speaker 1: the computer networking company gave a bullish forecast. Shares of 124 00:06:43,000 --> 00:06:45,720 Speaker 1: in Video also while they're up about two percent. The 125 00:06:45,760 --> 00:06:49,520 Speaker 1: semiconductor maker posting quarterly sales that topped estimates after his 126 00:06:49,680 --> 00:06:53,400 Speaker 1: data center business helped offset sluggish demand for video game ships. 127 00:06:53,680 --> 00:06:56,039 Speaker 1: We also got results from another chip maker. We're getting 128 00:06:56,040 --> 00:06:59,200 Speaker 1: them today, Applied Materials Or report earnings after the closing 129 00:06:59,200 --> 00:07:01,880 Speaker 1: bell Well had of that, Karen, futures are moving lower now. 130 00:07:01,880 --> 00:07:04,680 Speaker 1: We have SMP futures down eighteen points, Staff futures down 131 00:07:04,680 --> 00:07:07,320 Speaker 1: a hundred fifty four and NASTAC futures are lower by 132 00:07:07,440 --> 00:07:10,600 Speaker 1: fifty three points. Tend your treasuries down twelve thirty seconds 133 00:07:10,600 --> 00:07:12,520 Speaker 1: the old three point seven three percent, the yield on 134 00:07:12,600 --> 00:07:15,600 Speaker 1: the two year four point three six percent. Straight ahead 135 00:07:15,640 --> 00:07:18,760 Speaker 1: your latest local headlines and a check off sports. This 136 00:07:19,120 --> 00:07:24,840 Speaker 1: is Bloomberg now six o seven on Wall Street where 137 00:07:24,880 --> 00:07:27,880 Speaker 1: thirty eight degrees in Central Park and we've got a 138 00:07:28,040 --> 00:07:32,160 Speaker 1: jackknife tractor trailer he's found seventy eight Exit eighteen. Details 139 00:07:32,200 --> 00:07:34,320 Speaker 1: coming up in traffic. First Michael bar with more on 140 00:07:34,400 --> 00:07:36,559 Speaker 1: what's going on in New York and around the world. Michael, 141 00:07:36,640 --> 00:07:39,160 Speaker 1: thank you very much. Nathan. New York City is proposing 142 00:07:39,200 --> 00:07:43,120 Speaker 1: a minimum pay rate for app based food delivery workers 143 00:07:43,160 --> 00:07:46,080 Speaker 1: like door Dash or grub Hub. It's a first of 144 00:07:46,120 --> 00:07:48,800 Speaker 1: its kind plan from the city's Department of Consumer and 145 00:07:48,880 --> 00:07:52,280 Speaker 1: Worker Protection. For the sixty thou workers in the city, 146 00:07:52,520 --> 00:07:56,520 Speaker 1: the minimum wage would be almost twenty four hour. Delivery 147 00:07:56,560 --> 00:07:59,800 Speaker 1: app workers don't receive a minimum wage or benefits because 148 00:08:00,040 --> 00:08:05,200 Speaker 1: are classified as independent contractors. Western New York. They're used 149 00:08:05,240 --> 00:08:07,280 Speaker 1: to snow, but more than a month away from the 150 00:08:07,280 --> 00:08:10,840 Speaker 1: official start of winter, Lake effects snow is expected to 151 00:08:10,920 --> 00:08:14,360 Speaker 1: dump more than three feet of the white stuff maybe more. 152 00:08:14,840 --> 00:08:17,160 Speaker 1: A state of emergency is expected to be declared in 153 00:08:17,240 --> 00:08:20,760 Speaker 1: New York this morning as the heaviest snowfall continues from 154 00:08:20,880 --> 00:08:25,000 Speaker 1: now through Friday. In the Buffalo area. Ken Junahwa, the 155 00:08:25,120 --> 00:08:29,600 Speaker 1: regional director for National Grid, Buffalo's utility company, says they're 156 00:08:29,680 --> 00:08:32,880 Speaker 1: on standby for any outages Friday night. We will be 157 00:08:32,920 --> 00:08:36,480 Speaker 1: holding all crews in our company service centers across Western 158 00:08:36,520 --> 00:08:39,600 Speaker 1: New York, and in addition to that, we are bringing 159 00:08:39,600 --> 00:08:43,680 Speaker 1: in outside resources that will be pre positioned in Western 160 00:08:43,679 --> 00:08:46,920 Speaker 1: New York to help us with any power restoration efforts. 161 00:08:47,080 --> 00:08:50,120 Speaker 1: When Buffalo resident took it all in stride, saying she'll 162 00:08:50,160 --> 00:08:53,400 Speaker 1: be making soup, former Vice President Mike Pence did not 163 00:08:53,559 --> 00:08:57,080 Speaker 1: say whether he would support his boss, former President Donald Trump, 164 00:08:57,320 --> 00:08:59,720 Speaker 1: in his re election bid for the White House. Pence 165 00:08:59,760 --> 00:09:03,520 Speaker 1: p assipated in a town hall event on CNN last night, 166 00:09:04,000 --> 00:09:06,199 Speaker 1: I think we'll have better choices, better choices than my 167 00:09:06,240 --> 00:09:09,120 Speaker 1: old running mate. I think America longs to go back 168 00:09:09,120 --> 00:09:11,920 Speaker 1: to the policies that we're working for the American people, 169 00:09:12,600 --> 00:09:15,120 Speaker 1: but I think it's time for new leadership. When asked 170 00:09:15,160 --> 00:09:18,520 Speaker 1: about his own possible presidential bid, Pence said I'll keep 171 00:09:18,559 --> 00:09:22,000 Speaker 1: you posted. A bus carrying twenty eight people seeking asylum 172 00:09:22,040 --> 00:09:25,680 Speaker 1: in the US arrived in Philadelphia from Texas. Philadelphia officials 173 00:09:25,679 --> 00:09:29,520 Speaker 1: expressed frustration with a lack of communication from Texas Governor 174 00:09:29,600 --> 00:09:33,520 Speaker 1: Rabbit about the arriving families. Philadelphia Mayor Jim Kenney says, 175 00:09:33,600 --> 00:09:36,200 Speaker 1: though the migrants are welcome, those who arrived today are 176 00:09:36,280 --> 00:09:39,560 Speaker 1: private individuals simply seeking safety and a place where they 177 00:09:39,559 --> 00:09:42,520 Speaker 1: can build a future. Let's remember that and welcome them 178 00:09:42,520 --> 00:09:45,440 Speaker 1: with grace and respect. Some families are moving on to 179 00:09:45,520 --> 00:09:49,280 Speaker 1: other states, including New York and Connecticut. Global News twenty 180 00:09:49,280 --> 00:09:52,200 Speaker 1: four hours a day on air and on Bloomberg Quickdake, 181 00:09:52,440 --> 00:09:55,320 Speaker 1: powered by more than hundred journalists and analysts and more 182 00:09:55,360 --> 00:09:58,760 Speaker 1: than a hundred twenty countries. Michael Barr and this is Bloomberg. Nathan. 183 00:09:58,840 --> 00:10:05,319 Speaker 1: Thanks Michael six o nine on Wall Street Time for 184 00:10:05,320 --> 00:10:07,680 Speaker 1: the Bloomberg Sports Update, brought to you by Tri State 185 00:10:07,679 --> 00:10:09,959 Speaker 1: Howdy Hears John Stashop. All right, Nathan, the next just 186 00:10:10,080 --> 00:10:12,679 Speaker 1: did something they haven't done in sixteen years. They won 187 00:10:12,760 --> 00:10:14,959 Speaker 1: a game in Denver, meet the Nuggets, one of six, 188 00:10:14,960 --> 00:10:17,360 Speaker 1: one oh three, certainly helped by Denver being without its 189 00:10:17,440 --> 00:10:21,240 Speaker 1: m VP center Nicola, Your kitchens in COVID protocol, but 190 00:10:21,280 --> 00:10:23,040 Speaker 1: a big night for Julius Randall. He was playing more 191 00:10:23,080 --> 00:10:25,240 Speaker 1: like he did two years ago than the way he 192 00:10:25,280 --> 00:10:27,199 Speaker 1: played last year when he struggled a bit. Randall a 193 00:10:27,280 --> 00:10:29,840 Speaker 1: season high thirty four points. Jalen Brunson at a twenty 194 00:10:29,840 --> 00:10:31,640 Speaker 1: one and the next or two and oh on the 195 00:10:31,760 --> 00:10:35,160 Speaker 1: road trip. Next stop tomorrow night at Golden State. Warriors 196 00:10:35,200 --> 00:10:37,959 Speaker 1: are defending NBA Champs. Last night they got fifty points 197 00:10:37,960 --> 00:10:41,000 Speaker 1: from Steph Curry but lost in Phoenix. The Warriors are 198 00:10:41,040 --> 00:10:42,960 Speaker 1: six and one at home. They're now o and eight 199 00:10:43,000 --> 00:10:45,840 Speaker 1: on the road. Venett's road trip ends tonight in Portland 200 00:10:45,840 --> 00:10:48,000 Speaker 1: when they come home play Sunday, and the feeling is 201 00:10:48,440 --> 00:10:51,640 Speaker 1: that is when Kyrie Irving might return from his suspension. 202 00:10:51,679 --> 00:10:54,920 Speaker 1: Local hockey teams all on the road tonight. Rangers in Seattle, 203 00:10:55,040 --> 00:10:58,160 Speaker 1: Islanders in Washington, and a red Hot Devil's play in Toronto, 204 00:10:58,600 --> 00:11:00,600 Speaker 1: New Jersey looking to make it a Levin wins in 205 00:11:00,600 --> 00:11:03,280 Speaker 1: a row. College oakes in New Jersey. Seaton Hall lost 206 00:11:03,320 --> 00:11:06,880 Speaker 1: to Iowa by fourteen. Second ranking Zaga lost at Texas 207 00:11:07,200 --> 00:11:10,600 Speaker 1: by nineteen. Week eleven begins tonight Tennessee at Green Bay 208 00:11:10,640 --> 00:11:13,400 Speaker 1: the Packers, coming off that upset win over Dallas that 209 00:11:13,559 --> 00:11:16,839 Speaker 1: ended their five game losing street. Justin Verlander goes from 210 00:11:16,880 --> 00:11:19,840 Speaker 1: Tommy John to Cy Young at age thirty nine, named 211 00:11:19,840 --> 00:11:21,960 Speaker 1: for the third time he had missed most of the 212 00:11:21,960 --> 00:11:24,960 Speaker 1: previous two seasons. Pitched to a one point seven five 213 00:11:25,000 --> 00:11:27,440 Speaker 1: E R A and you spin. He won unanimously, So 214 00:11:27,600 --> 00:11:30,000 Speaker 1: did the Marlin. Sandy l Contro the National League. I'll 215 00:11:30,000 --> 00:11:33,199 Speaker 1: conscers a throwback. He had six complete games after sixty 216 00:11:33,200 --> 00:11:35,360 Speaker 1: two home runs. You'd have to thank Aaron Judge, will 217 00:11:35,360 --> 00:11:38,240 Speaker 1: be able to beat out last year's winner, Showyotani and 218 00:11:38,280 --> 00:11:40,160 Speaker 1: when a l m v P today? And if so, 219 00:11:40,280 --> 00:11:42,760 Speaker 1: he'd be the first Yankee m v P since Alex 220 00:11:42,840 --> 00:11:47,800 Speaker 1: Rodriguez in two thousand nine. John Stash were Boomberg's plays. Okay, John, 221 00:11:47,840 --> 00:11:51,040 Speaker 1: thanks SMP. Futures down down twenty points, Stout features down 222 00:11:51,040 --> 00:11:53,960 Speaker 1: one sixty four, dance at Futures down sixty three points. 223 00:11:54,200 --> 00:11:56,679 Speaker 1: We'll get more on this market straight ahead from liz 224 00:11:56,840 --> 00:11:59,200 Speaker 1: Ane Saunders of Charles Schwab, and we will have more 225 00:11:59,600 --> 00:12:03,120 Speaker 1: from our exclusive interview with the Ukrainian President Vladimir z Lensky. 226 00:12:03,280 --> 00:12:08,840 Speaker 1: This is Bloomberg Bloomberg Sports Report was brought to you 227 00:12:08,840 --> 00:12:10,800 Speaker 1: by Audie. Don't let someone else drive off in the 228 00:12:10,800 --> 00:12:13,560 Speaker 1: Audi model you've always wanted. Visit your local tri state 229 00:12:13,600 --> 00:12:15,720 Speaker 1: Autie dealects you get behind the wheel of yours today, 230 00:12:15,800 --> 00:12:22,480 Speaker 1: or visit Autie Offers dot com for more information, markets, 231 00:12:22,600 --> 00:12:25,679 Speaker 1: headlines and breaking news twenty four hours a day at 232 00:12:25,679 --> 00:12:29,600 Speaker 1: Bloomberg dot Com, of Bloomberg Business Out and at Bloomberg Cricktake. 233 00:12:29,880 --> 00:12:39,000 Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow 234 00:12:39,120 --> 00:12:42,200 Speaker 1: Future is following this morning with SMP futures down twenty 235 00:12:42,200 --> 00:12:44,840 Speaker 1: one points down, futures down a hundred seventy and nasday 236 00:12:44,880 --> 00:12:47,680 Speaker 1: futures down sixty four, the ten year treasury down twelve 237 00:12:47,760 --> 00:12:50,559 Speaker 1: thirty seconds, l three point seven three per cent in 238 00:12:50,600 --> 00:12:53,080 Speaker 1: a yield in the two year four point three six percent, 239 00:12:53,480 --> 00:12:55,520 Speaker 1: and nime X screwed oil down one and a half 240 00:12:55,640 --> 00:12:58,719 Speaker 1: percent at eighty four dollars thirty cents a barrel. That's 241 00:12:58,760 --> 00:13:02,320 Speaker 1: a Bloomberg Business flagh. Now here's Michael barrlickmore on what's 242 00:13:02,360 --> 00:13:05,400 Speaker 1: going on around the world. Karen, thank you very much. 243 00:13:05,440 --> 00:13:08,800 Speaker 1: Republicans have one control of the House by a slim majority. 244 00:13:09,080 --> 00:13:12,920 Speaker 1: It gives conservatives leveraged to slow down President Joe Biden's agenda. 245 00:13:13,320 --> 00:13:17,480 Speaker 1: North Korea has responded to recent US military and diplomatic 246 00:13:17,480 --> 00:13:20,760 Speaker 1: moves with a missile test. The usn South Korean Force 247 00:13:20,800 --> 00:13:24,520 Speaker 1: has conducted a missile defense exercise this morning in the NBA. 248 00:13:24,679 --> 00:13:27,880 Speaker 1: The next one the Celtics. They won their eighth straight. 249 00:13:28,160 --> 00:13:32,120 Speaker 1: The Wizards and Warriors lost. Global News twenty four hours 250 00:13:32,120 --> 00:13:35,480 Speaker 1: a day on air and on Bloomberg Quick Take, powered 251 00:13:35,480 --> 00:13:38,440 Speaker 1: by more than twenty seven hundred journalists and analyston more 252 00:13:38,480 --> 00:13:42,600 Speaker 1: than one hundred twenty countries. Michael Barr and this is Bloomberg, Nathan. 253 00:13:42,600 --> 00:13:45,360 Speaker 1: Thanks Michael. It is six eighteen on Wall Street Live 254 00:13:45,400 --> 00:13:49,079 Speaker 1: from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak, 255 00:13:49,120 --> 00:13:50,920 Speaker 1: and we want to bring you more of our conversation 256 00:13:51,000 --> 00:13:54,840 Speaker 1: now with Ukrainian President Vladimir Zelenski. He joined Bloomberg News 257 00:13:54,920 --> 00:13:57,439 Speaker 1: Editor in chief John Michael Flat in a video call 258 00:13:57,520 --> 00:14:00,959 Speaker 1: at the Bloomberg New Economy Forum in Singapore. War President 259 00:14:01,040 --> 00:14:04,160 Speaker 1: Zelenski spoke about the possibility for peace talks with Russia 260 00:14:04,280 --> 00:14:07,840 Speaker 1: and his dreams for his country after the war ends 261 00:14:08,800 --> 00:14:13,160 Speaker 1: in October. That you are potentially open to talks with Russia, 262 00:14:13,400 --> 00:14:17,840 Speaker 1: but not while Vladimir Putin as president. What can we 263 00:14:17,880 --> 00:14:21,520 Speaker 1: talk about Budding is not one person, that these are 264 00:14:21,640 --> 00:14:25,600 Speaker 1: several people, and there's nothing to talk about with these 265 00:14:25,600 --> 00:14:32,000 Speaker 1: several people today. If tomorrow they are prepared to take 266 00:14:32,040 --> 00:14:36,520 Speaker 1: the peace formula, if they are ready to withdraw from 267 00:14:36,520 --> 00:14:41,520 Speaker 1: our territory de occupy Ukraine and acknowledge that this is 268 00:14:41,560 --> 00:14:43,920 Speaker 1: a tragedy and not just a mistake, that this is 269 00:14:43,960 --> 00:14:47,920 Speaker 1: a tragedy of them being aggressors, if they are ready 270 00:14:47,960 --> 00:14:52,400 Speaker 1: to compensate as it is prescribed in the peace formula, 271 00:14:52,440 --> 00:14:56,960 Speaker 1: if they're ready to accept it, only then we call 272 00:14:57,640 --> 00:15:01,840 Speaker 1: can start thinking about talking to this group of people. 273 00:15:02,480 --> 00:15:07,680 Speaker 1: And if in Russia there will be other people who 274 00:15:07,720 --> 00:15:13,040 Speaker 1: will would be prepared on the diplomatic level to acknowledge 275 00:15:13,840 --> 00:15:18,160 Speaker 1: the piece formula in any format, but first of all 276 00:15:18,200 --> 00:15:22,640 Speaker 1: acknowledge our territorial integrity, that we are as subjects, that 277 00:15:22,760 --> 00:15:25,240 Speaker 1: we are the same people as they are, we're ready 278 00:15:25,280 --> 00:15:27,520 Speaker 1: to talk to them. Of course, the grain deal and 279 00:15:27,600 --> 00:15:30,080 Speaker 1: the exports of grain, and that looks as if it's 280 00:15:30,520 --> 00:15:34,240 Speaker 1: going to roll over. The other big issue is fertilizer. 281 00:15:34,760 --> 00:15:38,000 Speaker 1: You produced a lot of the world's fertilizer and everyone 282 00:15:38,120 --> 00:15:41,400 Speaker 1: is worried about the fact it's stuck. Do you think 283 00:15:41,440 --> 00:15:44,280 Speaker 1: there is room for a deal on that as well? 284 00:15:46,160 --> 00:15:54,600 Speaker 1: Thank you for this question. Grain deal is already extended. 285 00:15:55,000 --> 00:16:01,080 Speaker 1: This is not negotiating. It's already a fact four months more, 286 00:16:02,040 --> 00:16:05,480 Speaker 1: as I said in my statement, but one of the 287 00:16:05,520 --> 00:16:10,000 Speaker 1: items of the peace formulas that it has to be unrestricted. 288 00:16:15,000 --> 00:16:17,840 Speaker 1: Apart from the grain deal, you have to understand that 289 00:16:17,920 --> 00:16:23,360 Speaker 1: we have grown strongly in logistics. We have built different 290 00:16:23,640 --> 00:16:28,920 Speaker 1: pathways during this war in the several months, and that's 291 00:16:28,960 --> 00:16:33,680 Speaker 1: another area where the investments could come and we invited them. 292 00:16:34,280 --> 00:16:39,120 Speaker 1: But also the processing industry. How will Ukraine be different 293 00:16:39,400 --> 00:16:42,760 Speaker 1: after the war than it was before? To give you 294 00:16:42,800 --> 00:16:46,040 Speaker 1: one example, many of us when we came to Ukraine, 295 00:16:46,080 --> 00:16:50,600 Speaker 1: one persistent worry was corruption. Will the new Ukraine that 296 00:16:50,720 --> 00:16:54,760 Speaker 1: everyone admires so much at the moment, but the Ukraine 297 00:16:54,800 --> 00:16:57,520 Speaker 1: that emerges from the war, will it be different like that? 298 00:16:57,920 --> 00:17:03,720 Speaker 1: How will Ukraine be different in four or five years um? Best, 299 00:17:05,880 --> 00:17:09,679 Speaker 1: First of all, there will not be political influence of 300 00:17:09,800 --> 00:17:13,440 Speaker 1: Russia and Ukraine. And secondly, there will not be influence 301 00:17:13,520 --> 00:17:19,720 Speaker 1: of Russian capital. They withdrawn from our companies will pushed 302 00:17:19,760 --> 00:17:25,960 Speaker 1: them out. The political parties of that they were influencing 303 00:17:26,040 --> 00:17:30,120 Speaker 1: our expand and they will not participate in the next election, 304 00:17:31,080 --> 00:17:34,399 Speaker 1: so the information or influence on our development into a 305 00:17:34,440 --> 00:17:37,560 Speaker 1: political correction will not be there as well, and this 306 00:17:37,640 --> 00:17:42,040 Speaker 1: is very important because that shapes the independence of our 307 00:17:42,080 --> 00:17:46,520 Speaker 1: country and also investments and the condition with corruption. There 308 00:17:46,560 --> 00:17:50,840 Speaker 1: will be no corruption. We don't have it now, of course, 309 00:17:50,920 --> 00:17:57,760 Speaker 1: because we're all united around our country. Many people look corrupt. 310 00:17:57,800 --> 00:18:01,320 Speaker 1: People have left the country with their money and we 311 00:18:01,400 --> 00:18:03,960 Speaker 1: will do our best for them to stay where they 312 00:18:04,000 --> 00:18:10,320 Speaker 1: now are the most important things that we have to 313 00:18:09,440 --> 00:18:15,720 Speaker 1: u focus on. We are united only those who want 314 00:18:15,720 --> 00:18:17,840 Speaker 1: to protect their country. No one will be able to 315 00:18:17,880 --> 00:18:22,040 Speaker 1: forgive corruption in future after the war because we've lived 316 00:18:22,040 --> 00:18:26,560 Speaker 1: with very difficult challenges and war. Technologically, there will be 317 00:18:26,640 --> 00:18:30,280 Speaker 1: no corruption because during this time we will have done 318 00:18:30,320 --> 00:18:32,880 Speaker 1: everything to make sure that it works online. We are 319 00:18:33,000 --> 00:18:39,959 Speaker 1: already have cuts in the management of our government agencies 320 00:18:40,000 --> 00:18:42,479 Speaker 1: that should be less government in the business, so we 321 00:18:42,720 --> 00:18:48,120 Speaker 1: this is why we're doing all services um digitally. So 322 00:18:48,160 --> 00:18:51,719 Speaker 1: we started this with convict COVID because of the pandemics, 323 00:18:51,760 --> 00:18:56,280 Speaker 1: but during the war we have boosted this with new 324 00:18:56,359 --> 00:19:00,800 Speaker 1: dynamic so all the services are going to be electronics, 325 00:19:00,800 --> 00:19:05,040 Speaker 1: so they will not be contact with the with the 326 00:19:05,040 --> 00:19:08,960 Speaker 1: civil servants and still will not be pressed on on business. 327 00:19:09,040 --> 00:19:13,880 Speaker 1: And this talks about the independence of economy and transparency 328 00:19:13,920 --> 00:19:18,320 Speaker 1: of investments, and these are the most important things. I 329 00:19:18,359 --> 00:19:25,320 Speaker 1: think that many people who have left Ukraine, many families 330 00:19:26,160 --> 00:19:30,400 Speaker 1: with children and students, who want to come back and 331 00:19:30,520 --> 00:19:36,840 Speaker 1: build their country based on different values, and I think 332 00:19:37,000 --> 00:19:40,320 Speaker 1: that this will be a completely different country where I 333 00:19:40,359 --> 00:19:42,960 Speaker 1: would like to welcome you to come. And that was 334 00:19:43,080 --> 00:19:46,679 Speaker 1: Ukrainian President vladimir's Leinsky speaking with Bloomberg News Editor in 335 00:19:46,720 --> 00:19:50,159 Speaker 1: chief John Michelswaite at the conclusion of the Bloomberg New 336 00:19:50,200 --> 00:19:53,640 Speaker 1: Economy Forum in Singapore. You can catch their full interview 337 00:19:53,680 --> 00:19:56,760 Speaker 1: anytime on Bloomberg dot Com or on the Bloomberg terminal, 338 00:19:56,800 --> 00:19:59,920 Speaker 1: and we will continue bringing you more from Ukrainian Presidents 339 00:20:00,040 --> 00:20:03,160 Speaker 1: Lensky's remarks at the New Economy Forum throughout the day 340 00:20:03,240 --> 00:20:07,040 Speaker 1: here on Bloomberg Radio. For now it's on Wall Street. 341 00:20:07,040 --> 00:20:10,080 Speaker 1: We want to turn to this market for that. We're 342 00:20:10,160 --> 00:20:13,600 Speaker 1: joined live by liz Anne Saunders, chief investment strategist at 343 00:20:13,640 --> 00:20:15,560 Speaker 1: Charles Schwab. It's great to have you on with us 344 00:20:15,600 --> 00:20:17,399 Speaker 1: this morning. Lizz Anne, Thanks for being here, though we 345 00:20:17,400 --> 00:20:21,880 Speaker 1: are seeing a leg lower in the future perspective. Liz 346 00:20:21,880 --> 00:20:25,439 Speaker 1: Ane Saunders of Charles Schwab, thank you for being here. Karen, alright, 347 00:20:25,480 --> 00:20:27,520 Speaker 1: we are coming up to stage thirty on Wall Street 348 00:20:27,520 --> 00:20:30,200 Speaker 1: and good morning. I'm Karen Moscow along with Nathan Hanker, 349 00:20:30,280 --> 00:20:32,600 Speaker 1: and we're just about three hours away from the open 350 00:20:32,640 --> 00:20:34,719 Speaker 1: of US trading. It's time for the five things that 351 00:20:34,760 --> 00:20:37,119 Speaker 1: you need to notice start your day, prompts to you 352 00:20:37,160 --> 00:20:41,320 Speaker 1: by Interactive Brokers. Interactive Brokers charges margin loan rates from 353 00:20:41,359 --> 00:20:44,280 Speaker 1: four point three three percent to five point three rate, 354 00:20:44,359 --> 00:20:46,639 Speaker 1: subject to change. Learn more at I v k R 355 00:20:46,760 --> 00:20:50,560 Speaker 1: dot com slash compare up. First, officials are investigating the 356 00:20:50,640 --> 00:20:53,919 Speaker 1: missile strike that killed two people in Poland. President Biden 357 00:20:54,000 --> 00:20:56,399 Speaker 1: was asked about it. What's your reaction to Presidents the 358 00:20:56,440 --> 00:20:59,680 Speaker 1: Weskie saying that the bistles been landed at Poland. We're 359 00:20:59,680 --> 00:21:04,720 Speaker 1: not Pradian. That's not the over. President Biden, along with 360 00:21:04,760 --> 00:21:07,240 Speaker 1: Poland and NATO all say the missile likely came from 361 00:21:07,359 --> 00:21:11,920 Speaker 1: Ukrainian air defenses. Meanwhile, Ukrainian President vladimir's Lensky insists it 362 00:21:12,200 --> 00:21:15,359 Speaker 1: was a Russian rocket that struck Poland. He was asked 363 00:21:15,400 --> 00:21:18,200 Speaker 1: about it by Bloomberg Editor in chief John mickel Thwaite 364 00:21:18,359 --> 00:21:21,880 Speaker 1: at the Bloomberg New Economy Forum in Singapore, who were 365 00:21:22,040 --> 00:21:26,159 Speaker 1: about hundreds missiles that will launch on that day. And 366 00:21:26,200 --> 00:21:29,399 Speaker 1: I'm grateful for the world too for the support of 367 00:21:29,520 --> 00:21:33,440 Speaker 1: Ukraine with air defense and anti missile defense. But nevertheless, 368 00:21:33,480 --> 00:21:36,879 Speaker 1: you can see what are the consequences and optimists of 369 00:21:36,920 --> 00:21:39,960 Speaker 1: the Russian war. This is not the first time that 370 00:21:40,520 --> 00:21:45,200 Speaker 1: the whole missile, a piece of missile of Russia falls 371 00:21:45,240 --> 00:21:49,560 Speaker 1: down on the territory of another country. President President vladimir's Lenski, 372 00:21:49,640 --> 00:21:52,320 Speaker 1: speaking through an interpreter, says Ukraine will go to the 373 00:21:52,320 --> 00:21:55,600 Speaker 1: blast side in Poland as part of the investigation. Turning 374 00:21:55,600 --> 00:21:58,399 Speaker 1: back to the US, Karen Republicans have won a slim 375 00:21:58,440 --> 00:22:01,159 Speaker 1: majority in the House bloom For said Baxters, as it 376 00:22:01,200 --> 00:22:04,359 Speaker 1: gives them considerable power. They now have subpoena power and 377 00:22:04,359 --> 00:22:07,280 Speaker 1: control over powerful committees. They've said they will make the 378 00:22:07,320 --> 00:22:11,720 Speaker 1: Biden administration their top priority. Potential probes and everything from 379 00:22:11,760 --> 00:22:15,760 Speaker 1: Afghanistan pull out to border policies, the origins of COVID nineteen, 380 00:22:15,840 --> 00:22:19,520 Speaker 1: the FBI search at mar Lago, and dealings involving President 381 00:22:19,680 --> 00:22:23,440 Speaker 1: Biden's son Hunter in San Francisco. I'm at Baxter Bloomberg 382 00:22:23,520 --> 00:22:26,480 Speaker 1: Daybreak right and thank you. Over in the UK, investors 383 00:22:26,480 --> 00:22:30,760 Speaker 1: are watching Chancellor Jeremy Hunt delivered details on the UK budget. Elsewhere, 384 00:22:30,800 --> 00:22:33,960 Speaker 1: Bloomberg News reports the European Central Bank could slow the 385 00:22:33,960 --> 00:22:37,040 Speaker 1: pace of upcoming rate hikes as talks of another seventy 386 00:22:37,040 --> 00:22:40,119 Speaker 1: five basis point hike lack momentum. As for the US 387 00:22:40,200 --> 00:22:43,719 Speaker 1: Central Bank, Karen Fed Governor Christopher Waller is voicing support 388 00:22:43,760 --> 00:22:46,000 Speaker 1: for a fifty basis point hike at the next fo 389 00:22:46,119 --> 00:22:49,600 Speaker 1: MC meeting. The normally hawkish Waller spoken Phoenix yesterday and 390 00:22:49,640 --> 00:22:52,560 Speaker 1: an update Nathan on ft X. In a series of tweets, 391 00:22:52,560 --> 00:22:56,520 Speaker 1: former CEO Sam Bankman Freed amidst the collapsed crypto exchange 392 00:22:56,560 --> 00:22:59,040 Speaker 1: got careless and said he would do his best to 393 00:22:59,040 --> 00:23:02,040 Speaker 1: say if customers can new management at fd X A 394 00:23:02,160 --> 00:23:05,760 Speaker 1: Bankman Free does not speak on the company's behalf. And 395 00:23:05,800 --> 00:23:07,840 Speaker 1: that's the five things that you need to notice start 396 00:23:07,880 --> 00:23:11,600 Speaker 1: your day. Brought to you by Interactive Brokers. And futures 397 00:23:11,600 --> 00:23:14,399 Speaker 1: are lower this morning, S and P futures down twenty 398 00:23:14,400 --> 00:23:19,320 Speaker 1: four points now futures down and nasdag futures down seventy one. 399 00:23:19,640 --> 00:23:22,160 Speaker 1: Ten year treasuries down ten thirty seconds, you know, three 400 00:23:22,160 --> 00:23:24,840 Speaker 1: point seven two percent, and the yield on the two 401 00:23:24,920 --> 00:23:28,600 Speaker 1: year is at four point three six percent. Straight ahead, 402 00:23:28,640 --> 00:23:32,560 Speaker 1: we have your latest local headlines, plus a check of sports, 403 00:23:32,640 --> 00:23:39,280 Speaker 1: and this is Bloomberg. Thank you, Karen. It is six 404 00:23:39,320 --> 00:23:42,199 Speaker 1: thirty three on Wall Street. Were seven degrees now in 405 00:23:42,280 --> 00:23:45,480 Speaker 1: Central Park. Still dealing with a jackknife tractor trailer eastbound 406 00:23:45,480 --> 00:23:48,320 Speaker 1: seventy eight in Clinton, New Jersey. Details coming up in traffic. 407 00:23:48,359 --> 00:23:50,760 Speaker 1: First Michael Barr with what else is going on in 408 00:23:50,800 --> 00:23:53,080 Speaker 1: New York and around the world. Good morning, Michael, Good 409 00:23:53,119 --> 00:23:56,000 Speaker 1: morning Nathan. New York City is proposing a minimum pay 410 00:23:56,160 --> 00:23:59,359 Speaker 1: rate of nearly twenty four dollars an hour for apt 411 00:23:59,600 --> 00:24:03,159 Speaker 1: Base restaurant delivery workers who criss crossed the city. The 412 00:24:03,200 --> 00:24:06,440 Speaker 1: proposal from the Department of Consumer and Worker Protection also 413 00:24:06,480 --> 00:24:09,840 Speaker 1: acknowledges that the new hire minimum wage will mean food 414 00:24:09,840 --> 00:24:13,720 Speaker 1: deliveries will cost more for customers. The proposal would cover 415 00:24:13,840 --> 00:24:18,440 Speaker 1: salary expenses and insurance. Mayor Eric Adams says the proposal, 416 00:24:18,560 --> 00:24:21,720 Speaker 1: build as the first of its kind, would help ensure 417 00:24:21,840 --> 00:24:25,520 Speaker 1: of fairer pay for delivery workers for third party apps, 418 00:24:25,560 --> 00:24:30,320 Speaker 1: providing more stability for sixty workers across the city. Former 419 00:24:30,400 --> 00:24:33,120 Speaker 1: Vice President Mike Pence declined to say whether he believes 420 00:24:33,119 --> 00:24:36,160 Speaker 1: Donald Trump is fit to be president again. Penn spoke 421 00:24:36,280 --> 00:24:39,760 Speaker 1: during a CNN town hall last night, Well, let me 422 00:24:39,800 --> 00:24:42,920 Speaker 1: say there there may be somebody else in that contest. 423 00:24:42,960 --> 00:24:48,679 Speaker 1: I'd prefer more Jack anyone in mind. You know, I 424 00:24:48,720 --> 00:24:51,679 Speaker 1: honestly believe we're gonna have better choices. When asked whether 425 00:24:51,760 --> 00:24:54,000 Speaker 1: he will run for the White House, Penn said, I'll 426 00:24:54,080 --> 00:24:57,520 Speaker 1: keep you posting. A Wisconsin judge issued a life sentence 427 00:24:57,600 --> 00:25:00,159 Speaker 1: for the suv driver who rammed through a Chris Ms 428 00:25:00,280 --> 00:25:03,240 Speaker 1: parade and walkeshaw last year. Six people were killed and 429 00:25:03,320 --> 00:25:06,800 Speaker 1: dozens were injured. Before the sentencing, the mother and grandmother 430 00:25:06,960 --> 00:25:10,359 Speaker 1: of Darryl Brooks Jr. Pleaded for leniency and stress his 431 00:25:10,480 --> 00:25:13,880 Speaker 1: battle with mental illness. Democrats in the Senate are moving 432 00:25:13,920 --> 00:25:17,600 Speaker 1: forward on passing federal same sex marriage protections after the 433 00:25:17,640 --> 00:25:20,960 Speaker 1: repeal of Roe v. Wade. Legislation protecting the right of 434 00:25:21,000 --> 00:25:24,199 Speaker 1: same sex couples to marry advance in the Senate on 435 00:25:24,280 --> 00:25:27,800 Speaker 1: a sixty two thirty seven procedural vote, setting it up 436 00:25:27,800 --> 00:25:31,000 Speaker 1: a passage by a simple majority as soon as this week. 437 00:25:31,320 --> 00:25:35,000 Speaker 1: Among the GOP members supporting the measure is retiring Ohio 438 00:25:35,080 --> 00:25:38,920 Speaker 1: Senator Rob Portman settle this issue once and for all. 439 00:25:39,400 --> 00:25:42,760 Speaker 1: Millions of American couples, including many of Ohio, are counting 440 00:25:42,760 --> 00:25:46,320 Speaker 1: on their electric representatives of Congress to recognize and protect 441 00:25:46,359 --> 00:25:49,159 Speaker 1: their marriage. To give them the peace of mind to 442 00:25:49,280 --> 00:25:53,439 Speaker 1: note that their marriage is indeed protected and secure. Senator 443 00:25:53,560 --> 00:25:55,879 Speaker 1: Portman says, if approved, the bill would need to go 444 00:25:55,920 --> 00:25:59,240 Speaker 1: back to the House for their vote before President Biden 445 00:25:59,240 --> 00:26:02,440 Speaker 1: could sign it in along. There's a shift in childbirth 446 00:26:02,600 --> 00:26:06,280 Speaker 1: during the pandemic. Researchers with the CDC say there was 447 00:26:06,320 --> 00:26:09,520 Speaker 1: a sharp increase in at home births, especially in the 448 00:26:09,520 --> 00:26:12,520 Speaker 1: first year the pandemic. Global News twenty four hours a 449 00:26:12,600 --> 00:26:15,600 Speaker 1: day on air and on Bloomberg Quick Take, powered by 450 00:26:15,600 --> 00:26:18,119 Speaker 1: more than twenty seven hundred journalist and analyst and more 451 00:26:18,119 --> 00:26:21,200 Speaker 1: than a hundred twenty countries. Michael Barr, This is Bloomberg Naked. 452 00:26:21,280 --> 00:26:28,400 Speaker 1: Thanks Michael. Almost six thirty six on Wall Street time 453 00:26:28,400 --> 00:26:30,399 Speaker 1: for the Bloomberg Sports Update, brought to you by twice 454 00:26:30,440 --> 00:26:32,760 Speaker 1: State out of Here's John Stashwan al Right, Nathan the 455 00:26:32,800 --> 00:26:35,439 Speaker 1: Knicks road trip again with fact to back games in 456 00:26:35,640 --> 00:26:37,560 Speaker 1: Utah and den for the Jazz and Another's were the 457 00:26:37,560 --> 00:26:39,600 Speaker 1: only two NBA teams who had not lost at home, 458 00:26:39,640 --> 00:26:41,840 Speaker 1: and the Knicks beat them. Both certainly didn't hurt that 459 00:26:42,000 --> 00:26:45,240 Speaker 1: another throughout their star center. Nicola yokis us in COVID 460 00:26:45,240 --> 00:26:47,240 Speaker 1: protocol and the Knicks book advantage. They won one oh 461 00:26:47,280 --> 00:26:49,000 Speaker 1: six to one oh three. It's their first win in 462 00:26:49,040 --> 00:26:52,680 Speaker 1: Denver since two thousand six. Julius Randall thirty four points, 463 00:26:52,760 --> 00:26:56,040 Speaker 1: Dalen Brunson at one nexts plates not in Portland, still 464 00:26:56,040 --> 00:26:58,359 Speaker 1: without the suspensive try Irving, but there is word he 465 00:26:58,440 --> 00:27:02,119 Speaker 1: might return. Sunday in Brooklyn. Local hockey teams all on 466 00:27:02,160 --> 00:27:04,520 Speaker 1: the road to n Itala. Jokes, Texas beat second rank 467 00:27:04,520 --> 00:27:07,840 Speaker 1: Gonzagi easily seton hall off at home to Iowa. Aaron 468 00:27:07,960 --> 00:27:10,560 Speaker 1: Judge expected to be named American League m v P today, 469 00:27:10,600 --> 00:27:13,640 Speaker 1: with would make thirteen Yankees who have won twenty one 470 00:27:13,800 --> 00:27:15,880 Speaker 1: m v P awards, and then all Judge would now 471 00:27:15,920 --> 00:27:18,920 Speaker 1: need is a new contract. His good friend Anthony Rizzo's 472 00:27:18,960 --> 00:27:21,240 Speaker 1: coming back. He was a free agent but re signed. 473 00:27:21,680 --> 00:27:25,399 Speaker 1: Everyone Thrives playing in New York. Rizzo a part of 474 00:27:25,400 --> 00:27:29,320 Speaker 1: this iconic franchise. Um is amazing and to be able 475 00:27:29,359 --> 00:27:31,239 Speaker 1: to be a part of it for at least two 476 00:27:31,320 --> 00:27:35,359 Speaker 1: more years. Um. It's just it's an amazing feeling, and 477 00:27:35,400 --> 00:27:37,639 Speaker 1: that's really to be in the big market at the 478 00:27:37,680 --> 00:27:41,399 Speaker 1: end of the bright lights. Um, to have that seven 479 00:27:42,640 --> 00:27:46,440 Speaker 1: scrutiny is just what I love about one of the 480 00:27:46,600 --> 00:27:48,719 Speaker 1: many things I love about this game. So young winners 481 00:27:48,720 --> 00:27:52,480 Speaker 1: Houston's justin Verland in Miami, Sandy all Contra both won unanimously. 482 00:27:52,640 --> 00:27:55,280 Speaker 1: Earlander making it back from Tommy John surgery to win 483 00:27:55,320 --> 00:27:57,359 Speaker 1: at age thirty nine. It's his third side young that 484 00:27:57,400 --> 00:27:59,639 Speaker 1: shouldn't cement him as the first ballot Hall of Famer 485 00:27:59,800 --> 00:28:02,000 Speaker 1: at Verlander is now a free agent. Week Go eleven 486 00:28:02,080 --> 00:28:06,520 Speaker 1: begins tonight Tennessee at Green Bay. John Stare Bloomberg Sports, 487 00:28:06,760 --> 00:28:09,359 Speaker 1: Thank you, John sixty seven on Wall Street. Time to 488 00:28:09,400 --> 00:28:11,800 Speaker 1: take a look at some of the stock names moving 489 00:28:11,800 --> 00:28:14,760 Speaker 1: in the pre market this morning with Bloomberg Radio and 490 00:28:14,800 --> 00:28:18,840 Speaker 1: TV Markets correspondent Crety Gupta starting off with some of 491 00:28:18,840 --> 00:28:22,480 Speaker 1: the latest tech earnings news. Good morning, Crety, well, good morning. 492 00:28:22,480 --> 00:28:24,840 Speaker 1: We got to start talking about in video here. This 493 00:28:24,880 --> 00:28:26,879 Speaker 1: is the major heavyweight n v d A s R 494 00:28:26,880 --> 00:28:30,359 Speaker 1: taker shares actually up one point six two. Remember we're 495 00:28:30,400 --> 00:28:32,680 Speaker 1: looking at a background of futures down about seven tenths 496 00:28:32,720 --> 00:28:35,520 Speaker 1: of one percent. So this is important because this is 497 00:28:35,560 --> 00:28:39,320 Speaker 1: a potential mover against the grain of the stock market 498 00:28:39,320 --> 00:28:42,640 Speaker 1: today and Video topping their estimates specifically on their data 499 00:28:42,760 --> 00:28:45,760 Speaker 1: center businesses. Now we remember advanced micro devices and in 500 00:28:45,880 --> 00:28:48,560 Speaker 1: video both were kind of looking to diversify, and a 501 00:28:48,680 --> 00:28:51,920 Speaker 1: m D has recently kind of uh made some big 502 00:28:51,960 --> 00:28:54,400 Speaker 1: attempts to edge out Intel out of the chip maker 503 00:28:54,440 --> 00:28:56,920 Speaker 1: market for this reason that they're looking into not just 504 00:28:56,960 --> 00:28:59,640 Speaker 1: traditional memory chips for example, but server chips as well, 505 00:29:00,000 --> 00:29:02,160 Speaker 1: and video doing the same thing. And remember en Video 506 00:29:02,160 --> 00:29:04,720 Speaker 1: and a m D were also kind of correlated with 507 00:29:04,960 --> 00:29:07,560 Speaker 1: Facebook shares. The idea that if or I should say 508 00:29:07,560 --> 00:29:10,240 Speaker 1: meta now meta, if you're going to see the metaverse, 509 00:29:10,400 --> 00:29:13,479 Speaker 1: someone has to power the metaverse. Those data centers are 510 00:29:13,480 --> 00:29:15,760 Speaker 1: going to need chips and therefore end video and like 511 00:29:15,960 --> 00:29:18,960 Speaker 1: a m D would provide them. Nevertheless, that idea has 512 00:29:19,000 --> 00:29:21,840 Speaker 1: really been pushing end video shares higher this morning, and 513 00:29:21,840 --> 00:29:24,080 Speaker 1: that of course comes in the background of a slowdown 514 00:29:24,080 --> 00:29:27,760 Speaker 1: in the PC industry broadly. So um when anthan when 515 00:29:27,760 --> 00:29:29,920 Speaker 1: you see demand slow down, best to diversify, and that's 516 00:29:29,920 --> 00:29:33,200 Speaker 1: exactly what Video is doing let's diversify over to retail 517 00:29:33,240 --> 00:29:36,240 Speaker 1: because we've got new earnings from Bath and body Works. 518 00:29:36,320 --> 00:29:40,440 Speaker 1: Of positive story there, absolutely, B b W I is 519 00:29:40,480 --> 00:29:44,560 Speaker 1: your taker. Shares up a whopping twenty one percent in 520 00:29:44,760 --> 00:29:46,920 Speaker 1: the pre market. That is quite the booze. This comes 521 00:29:46,960 --> 00:29:50,440 Speaker 1: after they are boosting their fullier EPs. They're also beating 522 00:29:50,440 --> 00:29:53,200 Speaker 1: those estimates. Lee. You are seeing some good numbers across 523 00:29:53,240 --> 00:29:55,720 Speaker 1: the board here, But I think what's really significant is 524 00:29:55,880 --> 00:29:59,080 Speaker 1: kind of this reward that share prices are getting when 525 00:29:59,080 --> 00:30:01,160 Speaker 1: they do boost their all your outlook. You saw this 526 00:30:01,240 --> 00:30:03,640 Speaker 1: with lows yesterday as well. The idea that they said, 527 00:30:03,640 --> 00:30:05,720 Speaker 1: you went that fourth quarter where everyone's pulling back a 528 00:30:05,760 --> 00:30:08,800 Speaker 1: little bit, we are going to uh really enjoy a 529 00:30:08,800 --> 00:30:11,280 Speaker 1: little bit of extra demand and therefore boost that fourth 530 00:30:11,320 --> 00:30:13,840 Speaker 1: quarter outlook. Path and body Works no exception, which is 531 00:30:13,840 --> 00:30:17,560 Speaker 1: why you're seeing that surge in the pre market. So 532 00:30:17,720 --> 00:30:19,320 Speaker 1: certainly something you want to keep an eye on. Nathan 533 00:30:19,360 --> 00:30:22,080 Speaker 1: might throw one more at your Cisco, which I think 534 00:30:22,120 --> 00:30:23,760 Speaker 1: is a massive story. We have to keep an eye 535 00:30:23,800 --> 00:30:27,680 Speaker 1: on c s CEO up three point six percent in 536 00:30:27,720 --> 00:30:30,520 Speaker 1: the pre market. Look, they also came out with some earnings, 537 00:30:30,520 --> 00:30:32,760 Speaker 1: but they said the supply chain pressures are starting to 538 00:30:32,800 --> 00:30:34,920 Speaker 1: ease a little bit, so in a way, they're actually 539 00:30:34,920 --> 00:30:37,200 Speaker 1: saying that some of the issues that prevented them from 540 00:30:37,240 --> 00:30:40,720 Speaker 1: meeting that full capacity, well they might not be issues anymore. Nathan. 541 00:30:40,760 --> 00:30:43,520 Speaker 1: That's going to pretend really well for the spire and 542 00:30:43,520 --> 00:30:45,560 Speaker 1: potentially the NASDAC. But once again, these are some of 543 00:30:45,600 --> 00:30:49,280 Speaker 1: the movers that are just moving against the broader trend 544 00:30:49,320 --> 00:30:51,960 Speaker 1: this morning. Yeah, the trend lower. Thanks for this, Bloomberg 545 00:30:52,040 --> 00:30:55,360 Speaker 1: Radio and TV Markets correspondent Creating Gupta. Also more earnings 546 00:30:55,400 --> 00:30:59,320 Speaker 1: just crossing the Bloomberg terminal, very closely watched from Ali Baba. 547 00:30:59,400 --> 00:31:03,520 Speaker 1: Second quarter revenue coming in below the average analyst estimate. 548 00:31:03,960 --> 00:31:06,960 Speaker 1: Uh futures moving lower as well. We've got SMP futures 549 00:31:06,960 --> 00:31:10,840 Speaker 1: down thirty two points down, futures down two, NASDAC futures 550 00:31:10,880 --> 00:31:14,680 Speaker 1: down ninety four points, so adding to the declines. On 551 00:31:14,880 --> 00:31:22,880 Speaker 1: this early Thursday morning, you're listening to Bloomberg Daybreak Bloomberg 552 00:31:22,920 --> 00:31:25,480 Speaker 1: Sports brought to you by Audie. Don't let someone else 553 00:31:25,560 --> 00:31:27,760 Speaker 1: drive off in the Audi model you've always wanted. Visit 554 00:31:27,760 --> 00:31:29,880 Speaker 1: your local Tri state Audie dealer to get behind the 555 00:31:29,880 --> 00:31:32,840 Speaker 1: wheel of yours today, or visit Autie offers dot com 556 00:31:32,920 --> 00:31:39,720 Speaker 1: for more information, markets, headlines and breaking news twenty four 557 00:31:39,760 --> 00:31:42,800 Speaker 1: hours a day. At Bloomberg dot com, the Bloomberg Business 558 00:31:42,840 --> 00:31:46,480 Speaker 1: out and at Bloomberg Quick Take, Chris's a Bloomberg Business 559 00:31:46,520 --> 00:31:54,880 Speaker 1: Flash and I'm Karen Moscow. These updates brought to you 560 00:31:54,960 --> 00:31:58,600 Speaker 1: by SEI, built on advanced technologies and fifty years of innovations. 561 00:31:58,720 --> 00:32:02,000 Speaker 1: SEI offers down said manager is a comprehensive and flexible 562 00:32:02,000 --> 00:32:05,640 Speaker 1: operations outsourcing platform. Go to s C i C dot com. 563 00:32:05,680 --> 00:32:09,720 Speaker 1: Slash Managers and futures are following this morning. Let's go 564 00:32:09,760 --> 00:32:12,360 Speaker 1: to the First Word Breaking news desk for today's morning call, 565 00:32:12,480 --> 00:32:16,360 Speaker 1: and here's Bill Maloney. Bill, good morning, Hey, good morning, Karen. 566 00:32:16,400 --> 00:32:18,400 Speaker 1: That's right. U s ugues are under pressure right now. 567 00:32:18,480 --> 00:32:21,000 Speaker 1: Death futures down two hundred and four points, subs drop 568 00:32:21,040 --> 00:32:24,640 Speaker 1: twenty six and as that features dropped by seventy four. 569 00:32:25,080 --> 00:32:28,520 Speaker 1: The US ten yield at three point seven three, gold 570 00:32:28,600 --> 00:32:31,040 Speaker 1: is down ten, oil is in the red, and bitcoin 571 00:32:31,240 --> 00:32:34,960 Speaker 1: is trading little changed. Hong Kong fell one overnight, while 572 00:32:35,000 --> 00:32:37,600 Speaker 1: up markets are also in the red this morning. And 573 00:32:37,720 --> 00:32:40,000 Speaker 1: back in the US on the economic Frinday thirty initial 574 00:32:40,040 --> 00:32:43,800 Speaker 1: jobs claims and October housing starts after develous night in 575 00:32:43,880 --> 00:32:48,080 Speaker 1: Vidia sales toped estimates. Cisco also beat estimates and regarding 576 00:32:48,080 --> 00:32:51,560 Speaker 1: earnings this morning Alive Biber revenue missed estimates, and look 577 00:32:51,600 --> 00:32:54,440 Speaker 1: for Macy's and Cole's to report in the pre market, 578 00:32:54,640 --> 00:32:57,479 Speaker 1: grapping things up. Target was cut to market perform at BMO, 579 00:32:57,640 --> 00:33:01,200 Speaker 1: Norwegian Cruise cut to underperform at Craig Sweeze, and Whirlpool 580 00:33:01,200 --> 00:33:04,640 Speaker 1: was kept in neutral over at Goldman Sachs. Live from 581 00:33:04,640 --> 00:33:07,560 Speaker 1: the first Brick in nestscm Bill Maloney, Karen Herey, Bill, 582 00:33:07,640 --> 00:33:10,160 Speaker 1: thanks to here live breaking news over your Bloomberg type 583 00:33:10,160 --> 00:33:13,000 Speaker 1: squawk on your terminal squ a wuk and that's a 584 00:33:13,000 --> 00:33:15,640 Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on 585 00:33:15,760 --> 00:33:18,120 Speaker 1: what's going on around the world. Michael, Karen, thank you 586 00:33:18,200 --> 00:33:22,120 Speaker 1: very much. Republicans have one a narrow House majority. More 587 00:33:22,160 --> 00:33:24,880 Speaker 1: than a week after election day, the party finally gained 588 00:33:24,880 --> 00:33:28,200 Speaker 1: the minimum two eighteen seats needed to control the chamber 589 00:33:28,560 --> 00:33:33,000 Speaker 1: when a p called incumbent Republican Representative Mike Garcia over 590 00:33:33,040 --> 00:33:38,400 Speaker 1: Democrat Christie Smith in California. A Ukrainian regional governor says 591 00:33:38,440 --> 00:33:41,920 Speaker 1: a Russian missile strike has hit Ukraine's southern Odessa region 592 00:33:42,160 --> 00:33:45,080 Speaker 1: for the first time in the weeks. Today's blast follows 593 00:33:45,120 --> 00:33:48,920 Speaker 1: the huge barrage of Russian strikes this week that also 594 00:33:49,040 --> 00:33:52,880 Speaker 1: resulted in a deadly missile explosion hitting Poland. In the NBA. 595 00:33:53,040 --> 00:33:55,480 Speaker 1: The next one, the Celtics won their eighth straight beating 596 00:33:55,480 --> 00:33:59,640 Speaker 1: the Hawks. On one the Wizards and Warriors lost. Global 597 00:33:59,680 --> 00:34:02,040 Speaker 1: News twenty four hours a day on air and on 598 00:34:02,120 --> 00:34:05,720 Speaker 1: Bloomberg Quick Take, powered by more than seven hundred journalists 599 00:34:05,720 --> 00:34:08,319 Speaker 1: and analysts more than a hund twenty countries. I'm Michael Barr. 600 00:34:08,440 --> 00:34:12,640 Speaker 1: This is Bloomberg. The following commentary is from Bloomberg Opinion. 601 00:34:13,520 --> 00:34:17,480 Speaker 1: Holiday shoppers skip the store credit cards. I'm Alexis leondis 602 00:34:17,600 --> 00:34:20,799 Speaker 1: a calmness for Bloomberg Opinion. As holiday shoppers head to 603 00:34:20,840 --> 00:34:24,000 Speaker 1: the stores in search of Black Friday deals, they'll hear 604 00:34:24,080 --> 00:34:26,640 Speaker 1: the familiar pitch, would you like to see an extra 605 00:34:26,719 --> 00:34:28,880 Speaker 1: ten percent on your purchase today by opening a new 606 00:34:28,920 --> 00:34:32,440 Speaker 1: credit card? A discount dangled at the checkout counter is 607 00:34:32,480 --> 00:34:35,680 Speaker 1: always tempting, and while these credit cards have become less 608 00:34:35,680 --> 00:34:39,680 Speaker 1: popular in recent years, higher prices and tighter finances could 609 00:34:39,680 --> 00:34:43,520 Speaker 1: persuade more shoppers to give them another look. Sometimes loyalty 610 00:34:43,560 --> 00:34:46,480 Speaker 1: comes with perks, but more often than not, store credit 611 00:34:46,520 --> 00:34:49,560 Speaker 1: cards just end up costing you more. Retail credit cards 612 00:34:49,560 --> 00:34:52,520 Speaker 1: have much higher rates, and many do something sneaky called 613 00:34:52,560 --> 00:34:55,239 Speaker 1: deferred interest. So if a shopper doesn't pay off the 614 00:34:55,239 --> 00:34:58,319 Speaker 1: balance within the promotional window of say six months, there 615 00:34:58,360 --> 00:35:02,360 Speaker 1: assessed interest retroactive from the purchase date. For most, the 616 00:35:02,360 --> 00:35:06,239 Speaker 1: best response is suggest saying no, I'm alexis leandest. For 617 00:35:06,320 --> 00:35:09,200 Speaker 1: more opinion, please go to Bloomberg dot com, Slash Opinion 618 00:35:09,600 --> 00:35:11,760 Speaker 1: or O P I n go on the Bloomberg terminal. 619 00:35:11,960 --> 00:35:16,200 Speaker 1: These has been Bloomberg Opinion and Bloomberg Opinion commentaries can 620 00:35:16,239 --> 00:35:19,160 Speaker 1: be heard every weekday at this time and terminal customers 621 00:35:19,200 --> 00:35:22,040 Speaker 1: can read more at O P I n go. And 622 00:35:22,120 --> 00:35:24,040 Speaker 1: it says fifty on Wall Street. And let's turn to 623 00:35:24,080 --> 00:35:26,840 Speaker 1: news and science and technology now with the Bloomberg n 624 00:35:26,920 --> 00:35:29,719 Speaker 1: j i T STEM Report brought to you Buy New 625 00:35:29,800 --> 00:35:33,120 Speaker 1: Jersey Institute of Technology n j i T has joined 626 00:35:33,120 --> 00:35:37,080 Speaker 1: with McKenzie and Company to establish a Mackenzie Digital Capability 627 00:35:37,200 --> 00:35:40,960 Speaker 1: Center specializing in biopharma manufacturing. Learn more at n j 628 00:35:41,160 --> 00:35:43,640 Speaker 1: I T dot E d U and here's us making 629 00:35:43,640 --> 00:35:47,440 Speaker 1: news and science, Technology, engineering, and math. A Food Agency 630 00:35:47,480 --> 00:35:50,320 Speaker 1: official at the u N says vulnerable countries in Africa, 631 00:35:50,360 --> 00:35:53,200 Speaker 1: Asia and Latin America have less than a decade to 632 00:35:53,280 --> 00:35:57,560 Speaker 1: install earning early warning systems and diversify crops before the 633 00:35:57,640 --> 00:36:00,800 Speaker 1: laws and damage from climate change outstrips their financial ability 634 00:36:00,800 --> 00:36:03,040 Speaker 1: to tackle it. The u M last week called for 635 00:36:03,120 --> 00:36:06,360 Speaker 1: investment of more than three billion dollars by seven to 636 00:36:06,400 --> 00:36:10,040 Speaker 1: boost preparedness for climate related catastrophes and ensure communities in 637 00:36:10,080 --> 00:36:13,719 Speaker 1: some of the world's poorest countries receive early warnings. The 638 00:36:13,840 --> 00:36:17,480 Speaker 1: largest damn demolition and river restoration plan in the world 639 00:36:17,760 --> 00:36:20,640 Speaker 1: could be close to reality as US regulators vote on 640 00:36:20,640 --> 00:36:24,840 Speaker 1: a plan to remove four aging hydro electric structures, reopening 641 00:36:24,920 --> 00:36:28,280 Speaker 1: hundreds of miles of California River habitat to imperiled salmon. 642 00:36:28,600 --> 00:36:31,600 Speaker 1: The vote later today by the Federal Energy Regulatory Commission 643 00:36:31,680 --> 00:36:35,759 Speaker 1: is the last major regulatory hurdle and the biggest milestone 644 00:36:35,800 --> 00:36:39,279 Speaker 1: facing a five hundred million dollar demolition proposal champion by 645 00:36:39,360 --> 00:36:43,680 Speaker 1: Native American tribes and environmentalists for years and former ft 646 00:36:43,840 --> 00:36:46,480 Speaker 1: X CEO Sam Bankman. Freed is telling his side of 647 00:36:46,520 --> 00:36:48,800 Speaker 1: the company's collapse, and he's doing it through a series 648 00:36:48,840 --> 00:36:52,960 Speaker 1: of tweets. Bankman Freed admitted the ft X got overconfident 649 00:36:53,000 --> 00:36:55,120 Speaker 1: and careless and said he would do his best to 650 00:36:55,320 --> 00:36:58,400 Speaker 1: save customers cash. And that's the Bloomberg n j I 651 00:36:58,520 --> 00:37:01,680 Speaker 1: t Stem Report. Nathan, Thanks Karen. We're live from the 652 00:37:01,680 --> 00:37:04,600 Speaker 1: Bloomberg Interactive Brokers studios where it's six fifty two on 653 00:37:04,640 --> 00:37:06,640 Speaker 1: Wall Street. Time to check what's going on in d C. 654 00:37:07,200 --> 00:37:09,440 Speaker 1: Some of the top stories in our nation's capital include 655 00:37:09,440 --> 00:37:13,080 Speaker 1: Republicans taking the House officially by a slim margin, President 656 00:37:13,120 --> 00:37:16,200 Speaker 1: Biden disputing Zelenski's claim about the missile that hit Poland, 657 00:37:16,400 --> 00:37:21,239 Speaker 1: and another Trump presidential candidacy complicating matters for federal prosecutors. 658 00:37:21,280 --> 00:37:25,520 Speaker 1: Let's bring in Jack Fitzpatrick, congressional reporter for Bloomberg Government. So, Jack, 659 00:37:25,560 --> 00:37:29,600 Speaker 1: Republicans are now officially projected to win control of the House. 660 00:37:29,680 --> 00:37:31,920 Speaker 1: What is that going to mean for legislating over the 661 00:37:31,960 --> 00:37:35,680 Speaker 1: next two years. Well, it's going to be very difficult 662 00:37:35,719 --> 00:37:38,919 Speaker 1: because it's going to be a narrow, narrow majority. They've 663 00:37:38,960 --> 00:37:42,440 Speaker 1: counted up the two eighteen wins they need to control 664 00:37:42,520 --> 00:37:45,960 Speaker 1: the House, but when everything's called, they're probably only going 665 00:37:46,040 --> 00:37:49,919 Speaker 1: to have a few seat majority. At the same time, Uh, 666 00:37:50,160 --> 00:37:52,840 Speaker 1: to have control of that chamber and to have control 667 00:37:52,840 --> 00:37:56,719 Speaker 1: of its committees is important. It gives them the subpoena 668 00:37:56,760 --> 00:37:59,959 Speaker 1: authority that can that comes with the control of how 669 00:38:00,400 --> 00:38:06,720 Speaker 1: uh committees. UH. That would allow them to investigate President 670 00:38:06,760 --> 00:38:11,880 Speaker 1: Biden and his family. And it gives oversight power to 671 00:38:12,080 --> 00:38:16,480 Speaker 1: Republicans they want to investigate social media companies, as some 672 00:38:16,520 --> 00:38:19,960 Speaker 1: conservatives have said. UH. And also, you know, if you 673 00:38:20,000 --> 00:38:24,080 Speaker 1: control one chamber at any time you're unhappy with the administration, 674 00:38:24,280 --> 00:38:27,480 Speaker 1: you're the ones who get to drag in the administration 675 00:38:27,520 --> 00:38:31,120 Speaker 1: officials uh and and ask the tough questions and be 676 00:38:31,239 --> 00:38:34,840 Speaker 1: in charge of those hearings. But again, with a really 677 00:38:34,960 --> 00:38:39,080 Speaker 1: narrow majority, some of the loftier goals of cutting government 678 00:38:39,200 --> 00:38:43,719 Speaker 1: spending big policy goals are very very difficult when you 679 00:38:43,760 --> 00:38:46,600 Speaker 1: see a narrow House majority, in a narrow Senate majority. 680 00:38:46,600 --> 00:38:50,200 Speaker 1: It makes government funding very difficult to strike deals on, 681 00:38:50,640 --> 00:38:53,240 Speaker 1: makes it difficult to to figure out a whip count 682 00:38:53,320 --> 00:38:55,440 Speaker 1: for anything you really want to pass in the House, 683 00:38:55,719 --> 00:38:58,080 Speaker 1: because there are people who miss votes. There are people 684 00:38:58,120 --> 00:39:01,560 Speaker 1: who over the course of two years, I UH, it's 685 00:39:01,560 --> 00:39:04,800 Speaker 1: gonna be a huge challenge for Republican leadership on the floor. 686 00:39:04,800 --> 00:39:07,480 Speaker 1: But control of the committees is significant, and now we 687 00:39:07,560 --> 00:39:10,280 Speaker 1: know how Speaker Nancy Pelosi is going to be handing 688 00:39:10,320 --> 00:39:14,160 Speaker 1: over the gavel in January, and we're waiting for something 689 00:39:14,160 --> 00:39:17,400 Speaker 1: of an announcement later today on just exactly what her 690 00:39:17,400 --> 00:39:21,239 Speaker 1: political future is going to be. Now, yes, uh, you know, 691 00:39:21,320 --> 00:39:25,600 Speaker 1: the door was open for her to uh to pass 692 00:39:25,719 --> 00:39:29,400 Speaker 1: on the leadership position as the head of the Democratic 693 00:39:29,400 --> 00:39:32,799 Speaker 1: Caucus to someone else. It was sort of expected that 694 00:39:32,880 --> 00:39:38,000 Speaker 1: if they lost the House, that Pelosi may uh not 695 00:39:38,200 --> 00:39:42,000 Speaker 1: seek the position of minority leader and allow someone like 696 00:39:42,040 --> 00:39:46,480 Speaker 1: Hakim Jeffreys to take the helm. Now. I think some 697 00:39:46,600 --> 00:39:51,160 Speaker 1: questions were raised about Democrats over performance because there were 698 00:39:51,239 --> 00:39:55,120 Speaker 1: Republicans who thought there'd be a red wave. Um, but 699 00:39:55,480 --> 00:39:59,400 Speaker 1: you know, the door is absolutely open for her to 700 00:39:59,640 --> 00:40:03,120 Speaker 1: pass things on. Her staff have said that she's going 701 00:40:03,200 --> 00:40:07,080 Speaker 1: to make an announcement about her future plans today, so 702 00:40:07,120 --> 00:40:10,920 Speaker 1: we'll find out soon what exactly her plans are. It 703 00:40:11,040 --> 00:40:13,600 Speaker 1: is possible that she would give up her leadership position 704 00:40:13,640 --> 00:40:16,760 Speaker 1: but not resign from the House. She was just re elected, 705 00:40:17,080 --> 00:40:19,279 Speaker 1: so as long as she's a member of Congress, you 706 00:40:19,320 --> 00:40:23,800 Speaker 1: would be an important one, definitely a respected one among Democrats, 707 00:40:23,840 --> 00:40:26,840 Speaker 1: including ones who are very happy about their performance in 708 00:40:26,840 --> 00:40:29,960 Speaker 1: the mid terms, almost holding the House and only getting 709 00:40:29,960 --> 00:40:33,520 Speaker 1: a narrow majority to Republicans. But we will find out 710 00:40:33,600 --> 00:40:36,440 Speaker 1: soon exactly what her role would be. UH, and it 711 00:40:36,520 --> 00:40:39,160 Speaker 1: may be the end of about a twenty year UH 712 00:40:39,480 --> 00:40:43,120 Speaker 1: leadership of the Democratic Caucus. Got about a minute left here, Jack, 713 00:40:43,200 --> 00:40:46,200 Speaker 1: let's turn to geo politics. Are we seeing some daylight 714 00:40:46,320 --> 00:40:49,959 Speaker 1: open between President Biden and Ukraine's president when it comes 715 00:40:49,960 --> 00:40:53,840 Speaker 1: to that missile strike in Poland? Well, at this point, 716 00:40:54,400 --> 00:40:58,640 Speaker 1: Vladimir Zelinsky, the Ukrainian president, has backtracked a little bit. 717 00:40:58,719 --> 00:41:01,440 Speaker 1: He initially said that he was sure it was a 718 00:41:01,560 --> 00:41:05,800 Speaker 1: Russian missile. Uh. President Biden was asked about that and said, 719 00:41:06,160 --> 00:41:13,120 Speaker 1: that's not evidence. But Zelensky has since said no, one knows. 720 00:41:13,280 --> 00:41:17,839 Speaker 1: They're going to investigate. Uh. It's there's quite a bit 721 00:41:17,840 --> 00:41:20,440 Speaker 1: of confusion at this point, but there is not an 722 00:41:20,440 --> 00:41:25,759 Speaker 1: outright um argument between Zelensky and Biden after that bit 723 00:41:25,760 --> 00:41:30,680 Speaker 1: of pushback from Biden on the initial assertions from Ukraine 724 00:41:30,680 --> 00:41:33,160 Speaker 1: that it must have been a Russian missile rather than 725 00:41:33,760 --> 00:41:38,239 Speaker 1: a defense action gone awry by Ukraine. Thanks Jack, As 726 00:41:38,239 --> 00:41:40,400 Speaker 1: always know, it's gonna be a very busy few days 727 00:41:40,440 --> 00:41:44,440 Speaker 1: and weeks for you as the leadership gets settled in 728 00:41:44,520 --> 00:41:47,640 Speaker 1: the lame duck session here in Congress. That's Bloomberg Government 729 00:41:47,680 --> 00:41:51,240 Speaker 1: Congression reporter Jack Fitzpatrick joining us from the nation's capital. 730 00:41:51,320 --> 00:41:53,799 Speaker 1: You can read more on these stories on Bloomberg dot 731 00:41:53,840 --> 00:41:56,319 Speaker 1: com or on the Bloomberg terminal, and you can listen 732 00:41:56,320 --> 00:42:00,480 Speaker 1: to Bloomberg Radio in Washington at Bloomberg and Oh five 733 00:42:00,520 --> 00:42:04,840 Speaker 1: point seven Fm HD two. Watching earnings from Macy's across 734 00:42:04,880 --> 00:42:07,480 Speaker 1: the Bloomberg terminal. Adjusted earnings per share for the third 735 00:42:07,560 --> 00:42:11,480 Speaker 1: quarter beat the average analyst estimate, and Macy's is raising 736 00:42:11,560 --> 00:42:15,680 Speaker 1: its outlook for the fiscal year. And right now, Macy's 737 00:42:15,840 --> 00:42:18,640 Speaker 1: shares are moving higher in the pre market. They're now 738 00:42:18,800 --> 00:42:23,440 Speaker 1: up five and a half percent broader. The futures are 739 00:42:23,480 --> 00:42:26,760 Speaker 1: moving lower still. SMP futures are down twenty three points, 740 00:42:26,760 --> 00:42:30,640 Speaker 1: Staff futures are down, and NASTAC futures are lower by 741 00:42:30,800 --> 00:42:34,360 Speaker 1: fifty nine points. Tenure treasuries down nine thirty seconds, the 742 00:42:34,440 --> 00:42:37,360 Speaker 1: yield three point seven two percent, and the yield on 743 00:42:37,400 --> 00:42:40,800 Speaker 1: the two year four point three six percent. Bloomberg Surveillance 744 00:42:40,840 --> 00:42:43,759 Speaker 1: is next with Tom Keene, Jonathan Farrell, and Lisa Abramowitz 745 00:42:43,960 --> 00:42:48,480 Speaker 1: for Karen Moscow. I'm Nathan Hagar, and this is Bloomberg.