1 00:00:01,440 --> 00:00:05,000 Speaker 1: Client from the Bloomberg Interactive Burger Studios. This is Bloomberg 2 00:00:05,040 --> 00:00:09,000 Speaker 1: Daybreak for Monday, September twelve two. Coming up this hour, 3 00:00:09,280 --> 00:00:14,000 Speaker 1: promising signs for Ukraine as military forces retake Keith Territory 4 00:00:14,080 --> 00:00:16,960 Speaker 1: from Russia. The UK enters a week of mourning as 5 00:00:16,960 --> 00:00:20,080 Speaker 1: the public prepares to pay respect to Queen Elizabeth. And 6 00:00:20,160 --> 00:00:23,240 Speaker 1: on Wall Street, It's all about inflation? Is traders await 7 00:00:23,280 --> 00:00:26,520 Speaker 1: the next greeting on consumer prices? The New York police 8 00:00:26,520 --> 00:00:29,920 Speaker 1: officer was killed while heading to nine eleven ceremonies, Plus 9 00:00:29,920 --> 00:00:32,960 Speaker 1: the sentencing phase continues for the Parkland High School shooter. 10 00:00:33,040 --> 00:00:36,160 Speaker 1: I'm Michael Barr. More ahead, I'm John stash Own Sports 11 00:00:36,200 --> 00:00:38,320 Speaker 1: A thrilling season open and went for the Giants. The 12 00:00:38,440 --> 00:00:41,240 Speaker 1: Jets lost the Mets and Yankees one on Carlos Alcarez 13 00:00:41,320 --> 00:00:45,839 Speaker 1: one of the US Open. That's all train ahead on 14 00:00:45,960 --> 00:00:51,600 Speaker 1: Bloomberg Daybreak on Bloomberg eleven, TREEO, New York, Bloomberg nine one, Washington, 15 00:00:51,720 --> 00:00:55,840 Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, 16 00:00:55,840 --> 00:00:59,640 Speaker 1: San Francisco, Sirius x AM one nine Team and around 17 00:00:59,640 --> 00:01:02,360 Speaker 1: the World Old on Bloomberg Radio dot Com and via 18 00:01:02,440 --> 00:01:09,840 Speaker 1: The Bloomberg Business. Good morning, I'm Nathan Hagar and I'm Karen. 19 00:01:09,880 --> 00:01:13,240 Speaker 1: Moscow US dock index futures on the rise this morning. 20 00:01:13,280 --> 00:01:15,119 Speaker 1: We are coming up to six o one on Wall Street, 21 00:01:15,160 --> 00:01:17,240 Speaker 1: and we checked the markets every fifteen minutes throughout the 22 00:01:17,240 --> 00:01:20,759 Speaker 1: trading day. On Bloomberg SMP futures up twenty points down 23 00:01:20,800 --> 00:01:24,440 Speaker 1: futures of a hundred sixteen and NASDAG futures up sixty nine. 24 00:01:24,520 --> 00:01:26,800 Speaker 1: The docks in Germany's up one and a half percent. 25 00:01:27,080 --> 00:01:29,360 Speaker 1: Ten your treasury of three thirty seconds, you have three 26 00:01:29,360 --> 00:01:31,600 Speaker 1: point to nine percent, and they yield on the two 27 00:01:31,680 --> 00:01:34,920 Speaker 1: year three point five three percent and nine Next. Scrude 28 00:01:34,959 --> 00:01:37,679 Speaker 1: oil is at eighty seven dollars fifty two cents of barrel, 29 00:01:37,760 --> 00:01:40,400 Speaker 1: up eight tenths of upper cent. Nathan, Karen, we begin 30 00:01:40,480 --> 00:01:42,800 Speaker 1: today in Ukraine. It's been more than two hundred days 31 00:01:42,800 --> 00:01:45,399 Speaker 1: since Russia invaded the country, and now we're seeing promising 32 00:01:45,440 --> 00:01:48,400 Speaker 1: signs for Ukraine as the country's military advances in the 33 00:01:48,400 --> 00:01:52,120 Speaker 1: east and retakes some key territories. Bloomberg's Amy Morris has 34 00:01:52,160 --> 00:01:55,520 Speaker 1: the latest from our ninety one newsroom in Washington. Nathan, 35 00:01:55,640 --> 00:01:59,760 Speaker 1: unconfirmed reports overnight suggests the Ukrainian troops have retaken towns 36 00:01:59,800 --> 00:02:02,720 Speaker 1: in and around the Kharkiv region, not far from the 37 00:02:02,800 --> 00:02:06,560 Speaker 1: Russia Ukraine border. Ukraine's top commander says they've returned about 38 00:02:06,600 --> 00:02:11,040 Speaker 1: three thousand square kilometers of lost territory back to Ukrainian control. 39 00:02:11,280 --> 00:02:14,040 Speaker 1: Russia's Defense ministry published a map showing that much of 40 00:02:14,080 --> 00:02:16,519 Speaker 1: the country's forces are out of the Kharkiv region now, 41 00:02:16,760 --> 00:02:19,880 Speaker 1: but they didn't comment further. Military experts tell Bloomberg News 42 00:02:20,160 --> 00:02:23,480 Speaker 1: Ukraine should watch for an unexpected reaction from Vladimir Putin 43 00:02:23,840 --> 00:02:27,200 Speaker 1: in Washington. I'm anymore as Bloomberg daybreak. All right, Amy, 44 00:02:27,240 --> 00:02:29,720 Speaker 1: thank you. Returned to the UK now, where the nation 45 00:02:29,760 --> 00:02:32,400 Speaker 1: continues its period of mourning and the wake of Queen 46 00:02:32,400 --> 00:02:36,239 Speaker 1: Elizabeth's death. King Charles has just wrapped up remarks in Westminster, 47 00:02:36,560 --> 00:02:39,959 Speaker 1: where political leaders are gathered to offer condolences. Now the 48 00:02:40,040 --> 00:02:43,480 Speaker 1: Queen lies in state for twenty four hours in Edinburgh, Scotland, 49 00:02:43,520 --> 00:02:46,399 Speaker 1: where the public will pay their respects before she's moved 50 00:02:46,440 --> 00:02:49,120 Speaker 1: to London. Bloomberg S Lizzie Burden has more details from 51 00:02:49,200 --> 00:02:53,480 Speaker 1: Buckingham Palace to Glorgy lining up to pay their respects. 52 00:02:53,480 --> 00:02:55,960 Speaker 1: They have been since before the sun even came up 53 00:02:56,000 --> 00:02:59,000 Speaker 1: just to take a quiet moment of reflection. The King 54 00:02:59,400 --> 00:03:02,320 Speaker 1: Charles Third over the weekend. Of course, he formally took 55 00:03:02,360 --> 00:03:05,320 Speaker 1: the throne trust swore allegiance to him in the last 56 00:03:05,320 --> 00:03:08,120 Speaker 1: Prime Minister do do that was Winston Churchill. For the 57 00:03:08,160 --> 00:03:09,680 Speaker 1: rest of the week as well as she's going to 58 00:03:09,720 --> 00:03:13,360 Speaker 1: accompany him on a tour of Britain. Tomorrow, the Coffin 59 00:03:13,520 --> 00:03:16,919 Speaker 1: will return here to Buckingham Palace and then from Wednesday 60 00:03:16,960 --> 00:03:20,360 Speaker 1: until the funeral, now confirmed for September nineteenth, the Queen 61 00:03:20,360 --> 00:03:23,600 Speaker 1: will lie in state at Westminster Hall, Bloomberg's Lizzie Burden 62 00:03:23,639 --> 00:03:26,399 Speaker 1: at Buckingham Palace, says. The Queen's funeral will be held 63 00:03:26,440 --> 00:03:29,960 Speaker 1: at Westminter Abbey one week from today, and President Biden 64 00:03:30,000 --> 00:03:32,440 Speaker 1: will attend the Queen's funeral next week. Karen back in 65 00:03:32,480 --> 00:03:34,640 Speaker 1: the US, though it was a somber weekend for the 66 00:03:34,639 --> 00:03:37,560 Speaker 1: White House, politics hit the pause button Sunday as we 67 00:03:37,640 --> 00:03:40,200 Speaker 1: marked twenty one years since the attacks of nine eleven. 68 00:03:40,520 --> 00:03:43,520 Speaker 1: President Biden used the event of our vigilance against future 69 00:03:43,640 --> 00:03:47,080 Speaker 1: terror threats in remarks made at the Pentagon. What was destroyed, 70 00:03:47,840 --> 00:03:53,279 Speaker 1: we have repaired, what was threatened, We fortified what was attacked, 71 00:03:53,560 --> 00:03:58,400 Speaker 1: the indomitable Spirit has never ever wavered. President Biden later 72 00:03:58,400 --> 00:04:00,920 Speaker 1: wreath at the Pentagon that's become a tradition for US 73 00:04:00,960 --> 00:04:04,080 Speaker 1: presidents on the anniversary of nine eleven. Well, as we 74 00:04:04,120 --> 00:04:07,480 Speaker 1: emerge from the somber weekend, Nathan President Biden faces a 75 00:04:07,520 --> 00:04:11,280 Speaker 1: possible labor crisis that threatens to shock supply chains across 76 00:04:11,280 --> 00:04:14,320 Speaker 1: the country. US railroad workers are threatening a strike, and 77 00:04:14,360 --> 00:04:17,320 Speaker 1: we get a details from Bloomberg's Lisa Mateo. Tens of 78 00:04:17,360 --> 00:04:20,200 Speaker 1: thousands of US rail workers could be on strike by 79 00:04:20,240 --> 00:04:23,240 Speaker 1: the end of this week. Their warning of potential disruptions 80 00:04:23,240 --> 00:04:27,000 Speaker 1: as soon as today. Negotiations have been challenging and ongoing 81 00:04:27,040 --> 00:04:30,120 Speaker 1: for more than two years. Current rail labor contracts are 82 00:04:30,200 --> 00:04:34,320 Speaker 1: frozen at levels, and the White House is urging negotiators 83 00:04:34,360 --> 00:04:37,640 Speaker 1: to continue talks throughout the week. According to rail officials, 84 00:04:37,640 --> 00:04:42,240 Speaker 1: a strike could snarl supply chains, disrupt agricultural deliveries, and 85 00:04:42,320 --> 00:04:45,560 Speaker 1: cost the US economy more than two billion dollars a day. 86 00:04:45,880 --> 00:04:49,520 Speaker 1: In New York, I'm Lisa Mateo Bloomberg Daybreak. Thanks Lisa. 87 00:04:49,640 --> 00:04:52,679 Speaker 1: As inflation sees workers fight for higher wages, it also 88 00:04:52,720 --> 00:04:55,320 Speaker 1: remains front and center on Wall Street. Janet Yellen came 89 00:04:55,320 --> 00:04:58,120 Speaker 1: out to address the matter this weekend. The Treasury Secretary 90 00:04:58,160 --> 00:05:00,680 Speaker 1: tells CNN she is hopeful to FED and bring down 91 00:05:00,680 --> 00:05:04,040 Speaker 1: prices without sending the U s economy into recession. The 92 00:05:04,040 --> 00:05:07,240 Speaker 1: FIT is going to need great skill and also some 93 00:05:07,320 --> 00:05:11,599 Speaker 1: good look to achieve what we sometimes call a soft landing, 94 00:05:12,040 --> 00:05:16,600 Speaker 1: which is bringing inflation down while maintaining the strength of 95 00:05:16,640 --> 00:05:20,479 Speaker 1: the labor market. And um, my hope, I believe there 96 00:05:20,600 --> 00:05:24,360 Speaker 1: is a path to accomplishing that, and my hope is 97 00:05:24,800 --> 00:05:28,239 Speaker 1: that we will achieve a soft landing. Jenny Gellan says 98 00:05:28,279 --> 00:05:30,840 Speaker 1: taming inflation is the main priority for the FEED and 99 00:05:30,880 --> 00:05:33,320 Speaker 1: that the US can't have a strong labor market if 100 00:05:33,360 --> 00:05:36,080 Speaker 1: prices remain high. Well, Nathan, we won't have to wait 101 00:05:36,120 --> 00:05:39,719 Speaker 1: long for the next reading on inflation consumer prices headline 102 00:05:39,720 --> 00:05:42,039 Speaker 1: the list of economic data on tap this week. We 103 00:05:42,080 --> 00:05:44,800 Speaker 1: get that reading tomorrow. I'm Bloomberg Schress. Condon says it 104 00:05:44,839 --> 00:05:47,680 Speaker 1: will be key for the FANS next meeting. There's still 105 00:05:47,680 --> 00:05:50,599 Speaker 1: ten days to go before this meeting, but we're gonna 106 00:05:50,640 --> 00:05:52,960 Speaker 1: get a lot of data this week, So a FT 107 00:05:53,040 --> 00:05:57,400 Speaker 1: is going to want to not by seventy basis points 108 00:05:57,480 --> 00:06:00,800 Speaker 1: as they seem to have signaled to the markets. Then 109 00:06:00,839 --> 00:06:03,760 Speaker 1: they're going to have to change that signal by the 110 00:06:03,880 --> 00:06:05,640 Speaker 1: end of the week, and of course that will be 111 00:06:05,839 --> 00:06:09,640 Speaker 1: data dependent. Bloombergs Gress Condom says CPI data is not 112 00:06:09,760 --> 00:06:12,400 Speaker 1: the only key indicator this week. The FED will also 113 00:06:12,440 --> 00:06:15,720 Speaker 1: be looking at readings on producer prices and retail sales. Well, 114 00:06:15,720 --> 00:06:18,280 Speaker 1: we're seeing the dollar week and sharply this morning, Karen, 115 00:06:18,320 --> 00:06:20,599 Speaker 1: and that's giving a lift to the euro and the pound. 116 00:06:20,880 --> 00:06:23,240 Speaker 1: It also gave a boost to stocks in Asia overnight. 117 00:06:23,240 --> 00:06:26,400 Speaker 1: Bloomberg's Juliette Sally joins us from Sydney, Australia with the 118 00:06:26,400 --> 00:06:29,360 Speaker 1: details to Morning, Juliet, Good morning, Nathan, and Karen. Semi 119 00:06:29,360 --> 00:06:32,200 Speaker 1: conductor stocks led the games, t SMC, rising more than 120 00:06:32,240 --> 00:06:35,960 Speaker 1: three percent in Taipei, boosting Taiwan's gage after August sales 121 00:06:36,040 --> 00:06:39,000 Speaker 1: rose fifty from a year ago, and routers reported the 122 00:06:39,080 --> 00:06:43,040 Speaker 1: US plans to broaden curbs on chip shipments to China, reopening. 123 00:06:43,080 --> 00:06:45,839 Speaker 1: Stocks in Japan gained after FNN and The Again News 124 00:06:45,920 --> 00:06:49,200 Speaker 1: reported the nation may soon ease travel curbs and scrap 125 00:06:49,279 --> 00:06:52,320 Speaker 1: daily passenger cabs. Australia as a sex two hundred grows 126 00:06:52,320 --> 00:06:54,760 Speaker 1: more than one percent in Sydney, and markets were closed 127 00:06:54,760 --> 00:06:57,320 Speaker 1: for a holiday in China, Hong Kong and South Korea. 128 00:06:57,760 --> 00:07:01,359 Speaker 1: In Sydney, Juliette Sally Bloomberg deeper all right, Juliet, thank you. 129 00:07:01,520 --> 00:07:04,360 Speaker 1: SMP futures up nineteen points. Dal Future is up a 130 00:07:04,400 --> 00:07:07,480 Speaker 1: hundred twenty. Nasdaq futures are higher by sixty four points. 131 00:07:07,680 --> 00:07:10,080 Speaker 1: The tenure Treasury is up three thirty seconds. The old 132 00:07:10,160 --> 00:07:12,280 Speaker 1: three point to nine percent yield on the two year, 133 00:07:12,680 --> 00:07:16,480 Speaker 1: three point five three. Straight ahead, your latest local headlines, 134 00:07:16,560 --> 00:07:23,600 Speaker 1: and a check of sports. This is Bloomberg at Sound 135 00:07:23,640 --> 00:07:25,880 Speaker 1: six oh seven on Wall Street. We're sixty nine degrees 136 00:07:25,920 --> 00:07:29,360 Speaker 1: in Central PARKO f in on those accidents on northbound 137 00:07:29,360 --> 00:07:31,320 Speaker 1: FDR driving the upper East sign and just a few minutes. 138 00:07:31,360 --> 00:07:33,880 Speaker 1: First up, Michael Barr has more on what's going on 139 00:07:33,920 --> 00:07:35,760 Speaker 1: in New York and around the world. Good morning, Michael, 140 00:07:35,800 --> 00:07:38,840 Speaker 1: Good morning. Nathan, a New York Port Authority police officer, 141 00:07:38,960 --> 00:07:42,440 Speaker 1: was killed yesterday while heading to a nine eleven ceremony. 142 00:07:42,760 --> 00:07:46,320 Speaker 1: Anthony Vavarro from Staaten Island, was heading to serve the 143 00:07:46,360 --> 00:07:49,280 Speaker 1: World Trade Center Command on Sunday morning when he was 144 00:07:49,360 --> 00:07:52,520 Speaker 1: killed in a car crash near the Holland Tunnel Vavaro 145 00:07:52,640 --> 00:07:56,160 Speaker 1: voluntarily retired as a pitcher from Major League Baseball to 146 00:07:56,240 --> 00:07:59,239 Speaker 1: join the Port Authority only a few days later. Anthony 147 00:07:59,320 --> 00:08:03,000 Speaker 1: Vavarro was at seven years old. The trial resumes today 148 00:08:03,000 --> 00:08:05,520 Speaker 1: in the sentencing phase of the Parkland High School shooter 149 00:08:05,920 --> 00:08:09,120 Speaker 1: Nicholas Cruz, who is twenty three years old, pleaded guilty 150 00:08:09,120 --> 00:08:14,120 Speaker 1: in October to attack that killed seventeen students and staff members. 151 00:08:14,400 --> 00:08:16,760 Speaker 1: The jury will decide where the Cruise will be sentenced 152 00:08:16,760 --> 00:08:20,360 Speaker 1: to death or life without parole. China confirmed that Shi 153 00:08:20,480 --> 00:08:23,480 Speaker 1: Jing Pinging plans to travel to Central Asia this week, 154 00:08:24,040 --> 00:08:27,280 Speaker 1: what would be the president's first trip abroad since the 155 00:08:27,280 --> 00:08:31,640 Speaker 1: pandemic hit more than two years ago. In Madeira County, California, 156 00:08:31,800 --> 00:08:36,040 Speaker 1: officials are now saying the fork fire is contained. Chris 157 00:08:36,040 --> 00:08:38,520 Speaker 1: Hamilton's and her husband Rick have been lucky so far 158 00:08:38,760 --> 00:08:41,640 Speaker 1: and their house has remained unharmed, But Chris Hamilton's says 159 00:08:42,000 --> 00:08:44,840 Speaker 1: one of their friends hasn't been as fortunate. One of 160 00:08:44,880 --> 00:08:47,600 Speaker 1: the gentlemen that helps many of us up here with 161 00:08:47,640 --> 00:08:50,840 Speaker 1: our yards, he did loose his house. It's just heartbreaking. 162 00:08:50,920 --> 00:08:53,080 Speaker 1: What I know, there's nothing you can say that makes 163 00:08:53,120 --> 00:08:56,440 Speaker 1: it better. Um, because we've been there. They'll go through 164 00:08:56,440 --> 00:08:59,920 Speaker 1: the motions and do the best they can. The fires 165 00:09:00,000 --> 00:09:03,040 Speaker 1: o far is consuming at least twenty eight structures and 166 00:09:03,160 --> 00:09:07,400 Speaker 1: fifteen outbuildings. We reached the halfway date of the Atlantic 167 00:09:07,480 --> 00:09:11,040 Speaker 1: hurricane season. It was supposed to be an above average 168 00:09:11,120 --> 00:09:14,320 Speaker 1: year for storms, but for now, experts say the odds 169 00:09:14,320 --> 00:09:17,920 Speaker 1: of the quiet season are increasing with each passing day. 170 00:09:18,360 --> 00:09:22,079 Speaker 1: Last spring, federal forecasters predicted as many as twenty one 171 00:09:22,160 --> 00:09:25,720 Speaker 1: named storms, including three to six major hurricanes. The seventy 172 00:09:25,760 --> 00:09:36,480 Speaker 1: four annual Emmy Awards take place tonight. One show nominated Netflix, 173 00:09:36,760 --> 00:09:40,320 Speaker 1: Squid Game, is the first non English speaking show to 174 00:09:40,320 --> 00:09:44,439 Speaker 1: be nominated in the Outstanding Drama category. Global News twenty 175 00:09:44,440 --> 00:09:46,920 Speaker 1: four hours a day on air and on Bloomberg Quick Take, 176 00:09:46,960 --> 00:09:49,880 Speaker 1: powered by more than twenty seven hundred journalists and analysts 177 00:09:50,160 --> 00:09:52,400 Speaker 1: and more than a hundred twenty countries. I'm Michael Barr, 178 00:09:52,440 --> 00:09:55,200 Speaker 1: Red Light. This is Bloomberg, Nathan. The votes are already in. 179 00:09:55,280 --> 00:10:03,240 Speaker 1: Michael stopped trying to sway. Thank you on the sixth 180 00:10:03,240 --> 00:10:05,400 Speaker 1: cent on Wall Street. Time for the Bloomberg Sports Update. 181 00:10:05,480 --> 00:10:08,400 Speaker 1: Here s thanks, Nathan. Giants fans are happy. Not only 182 00:10:08,440 --> 00:10:11,200 Speaker 1: were their first season opening wins since two thousand and sixteen, 183 00:10:11,200 --> 00:10:14,960 Speaker 1: only their second since, but stay kwon. Barkley is back 184 00:10:15,080 --> 00:10:18,800 Speaker 1: clearly now healthy, and Barkley was sensational on the Giants 185 00:10:18,840 --> 00:10:21,480 Speaker 1: thrilling and come from behind twenty one to twenty win 186 00:10:21,520 --> 00:10:24,000 Speaker 1: at Tennessee. Had a hundred and sixty four yards and 187 00:10:24,120 --> 00:10:26,240 Speaker 1: just over a minute left, the Giants squarting a parent 188 00:10:26,559 --> 00:10:30,000 Speaker 1: game tying touchdown, but new coach Brian Dabo rolled the 189 00:10:30,000 --> 00:10:33,360 Speaker 1: dice went for two. Giants converted on a shovel pass 190 00:10:33,400 --> 00:10:35,840 Speaker 1: to Barkley. They won the game when the Titans missed 191 00:10:35,840 --> 00:10:38,080 Speaker 1: the forty seven yard field goal. Jets so said. Baltimore 192 00:10:38,080 --> 00:10:40,280 Speaker 1: had eleven more first Towns had a hundred more yards 193 00:10:40,280 --> 00:10:43,360 Speaker 1: of offense, but Lamar Jackson three touchdown passes and the 194 00:10:43,440 --> 00:10:46,360 Speaker 1: Ravens won twenty four to nine. A wild week one, 195 00:10:46,480 --> 00:10:49,040 Speaker 1: especially the early games that saw to go over time. 196 00:10:49,080 --> 00:10:52,400 Speaker 1: The Colts and Texans ended the tie. Indie came from 197 00:10:52,400 --> 00:10:55,680 Speaker 1: seventeen down on the fourth quarter. Pittsburgh wont at Cincinnati 198 00:10:55,720 --> 00:10:57,600 Speaker 1: on a fifty three yard field goal at the end 199 00:10:57,600 --> 00:11:00,240 Speaker 1: of ot The Bengals needed only an extra point point 200 00:11:00,520 --> 00:11:02,920 Speaker 1: to win in regulation. They didn't get it. Cleveland and 201 00:11:02,960 --> 00:11:06,320 Speaker 1: New Orleans both won on last second field goals that 202 00:11:06,480 --> 00:11:09,360 Speaker 1: went over fifty yards. Yankees in much better shape in 203 00:11:09,360 --> 00:11:11,920 Speaker 1: the al Eas after two weekend wins over Tampa Bay 204 00:11:12,240 --> 00:11:14,320 Speaker 1: ten to three and then ten four to home runs 205 00:11:14,320 --> 00:11:17,160 Speaker 1: for Glabor Torres, three run shot for Gihant, Carlos stanton 206 00:11:17,160 --> 00:11:20,280 Speaker 1: Oswaldo Cabrera first homer of his career. It all happened 207 00:11:20,320 --> 00:11:22,120 Speaker 1: in the first two winnings the met too one Saturday, 208 00:11:22,200 --> 00:11:24,560 Speaker 1: eleven to three, one nine three in Miami and good 209 00:11:24,559 --> 00:11:27,280 Speaker 1: news in Seattle. Atlanta loss in the ninth today and 210 00:11:27,280 --> 00:11:30,959 Speaker 1: Albert Fouhole's career home run number six nineties seven moved 211 00:11:30,960 --> 00:11:33,520 Speaker 1: in past Alex Rodriguez and now the fourth all time. 212 00:11:34,080 --> 00:11:37,000 Speaker 1: Nineteen year old Carlos Alcarez won the US Open is 213 00:11:37,040 --> 00:11:39,480 Speaker 1: now the youngest ever to be ranked number one in 214 00:11:39,520 --> 00:11:43,600 Speaker 1: the world. John Stashward Bloomberg's forts, Nathan Okay, John Thanks 215 00:11:43,600 --> 00:11:46,160 Speaker 1: SMP futures are up nineteen points down, futures up a 216 00:11:46,480 --> 00:11:50,040 Speaker 1: DWY one NASDACK futures up sixty five points to tenure 217 00:11:50,040 --> 00:11:53,120 Speaker 1: treasury is up to thirty seconds, the yield three point 218 00:11:53,200 --> 00:11:56,520 Speaker 1: three zero percent. Just had the latest on Ukraine, with 219 00:11:56,640 --> 00:12:01,040 Speaker 1: significant progress reported in the North. We'll get the latest 220 00:12:01,120 --> 00:12:08,600 Speaker 1: with Bloomberg's Rosslyn matheson. This is Bloomberg, Bloomberg eleven three 221 00:12:08,600 --> 00:12:11,040 Speaker 1: oh weather, few showers early, partly the mostly cloudy today 222 00:12:11,040 --> 00:12:13,440 Speaker 1: with behind your eighty degrees. It will turn mostly sunny 223 00:12:13,440 --> 00:12:15,959 Speaker 1: tomorrow afternoon lowe He's we'll keep it sunny with a 224 00:12:16,000 --> 00:12:18,800 Speaker 1: high near eighty on Wednesday. Right now, clouds sixty nine 225 00:12:18,840 --> 00:12:24,839 Speaker 1: in Central Park. Markets, headlines and breaking news twenty four 226 00:12:24,840 --> 00:12:27,920 Speaker 1: hours a day at Bloomberg dot Com. A Bloomberg business 227 00:12:27,920 --> 00:12:38,000 Speaker 1: Allen at Bloomberg Quick takes your Bloomberg business clash and 228 00:12:38,000 --> 00:12:41,040 Speaker 1: I'm Karen Moscow and European stocks and US dock index 229 00:12:41,120 --> 00:12:44,440 Speaker 1: futures are extending a rally, the dollar retreating as trader's been. 230 00:12:44,480 --> 00:12:47,520 Speaker 1: Inflation is near a peak, even as policymakers ramp up 231 00:12:47,520 --> 00:12:50,680 Speaker 1: hawkish rhetoric. We checked the markets every fifteen minutes throughout 232 00:12:50,720 --> 00:12:53,360 Speaker 1: the trading day on Bloomberg. Right now, Western P futures 233 00:12:53,440 --> 00:12:56,439 Speaker 1: up nineteen points down futures have a hundred seventeen, and 234 00:12:56,559 --> 00:12:59,720 Speaker 1: NASTAG futures up sixty two. The decks in Germany's up 235 00:12:59,720 --> 00:13:02,000 Speaker 1: one point six percent, The ten year treasury up to 236 00:13:02,160 --> 00:13:05,120 Speaker 1: thirty seconds. You have three point three zero percent yield 237 00:13:05,160 --> 00:13:08,280 Speaker 1: on the two year three point five four percent. Nine 238 00:13:08,400 --> 00:13:10,520 Speaker 1: X screwed oil is up one percent or eighty five 239 00:13:10,559 --> 00:13:12,920 Speaker 1: cents at eighty seven dollars, sixty four cents of barrel 240 00:13:13,160 --> 00:13:15,800 Speaker 1: comic school is up four tenths percent or seven dollars 241 00:13:15,800 --> 00:13:18,800 Speaker 1: at seventeen thirty five sixty an ounce. The euro one 242 00:13:18,800 --> 00:13:21,600 Speaker 1: point one three seven against the dollar, British pound one 243 00:13:21,640 --> 00:13:24,280 Speaker 1: point one is six six seven and the ends one 244 00:13:24,679 --> 00:13:27,400 Speaker 1: two point eight four. And look at a bitcoin, it's 245 00:13:27,440 --> 00:13:30,760 Speaker 1: up two percent at twenty two thousand, eighty dollars. As 246 00:13:30,760 --> 00:13:33,440 Speaker 1: a Bloomberg business flash. Now here's Michael Barr with Moore 247 00:13:33,480 --> 00:13:36,120 Speaker 1: on what's going on around the world. Michael Karen, thank 248 00:13:36,160 --> 00:13:39,120 Speaker 1: you very much, King Charles the Third, as addressed lawmakers 249 00:13:39,120 --> 00:13:43,040 Speaker 1: in Parliament, telling them I cannot but help feel the 250 00:13:43,120 --> 00:13:47,400 Speaker 1: weight of history which surrounds us. I am deeply grateful 251 00:13:47,920 --> 00:13:52,160 Speaker 1: for the addresses of condolens by the House of Lords 252 00:13:52,200 --> 00:13:57,320 Speaker 1: and the House of Commons, which so touchingly encompass what's 253 00:13:57,320 --> 00:14:01,959 Speaker 1: our late Sovereign, my beloved mother, the Queen meant to 254 00:14:02,040 --> 00:14:05,800 Speaker 1: a soul. Queen Elizabeth's coffin is in Scotland today but 255 00:14:05,880 --> 00:14:09,640 Speaker 1: will return to London tomorrow. Her funeral is scheduled for September. 256 00:14:10,760 --> 00:14:14,440 Speaker 1: Ukrainian soldiers are taking back territory that had been controlled 257 00:14:14,440 --> 00:14:17,400 Speaker 1: by Russia for several months as part of a swift 258 00:14:17,480 --> 00:14:21,480 Speaker 1: counter offensive. The Ukrainians are claiming gains in the northeast 259 00:14:21,560 --> 00:14:24,720 Speaker 1: and south of their nation. In football, the Giants won, 260 00:14:24,800 --> 00:14:27,720 Speaker 1: the Jets lost to the Ravens. The Commanders won, the 261 00:14:27,760 --> 00:14:31,640 Speaker 1: Patriots and forty Niners lost. In baseball, the Yankees and 262 00:14:31,680 --> 00:14:35,360 Speaker 1: Mets won, the Nationals lost. The Red Sox beat the Orioles, 263 00:14:35,400 --> 00:14:39,200 Speaker 1: one Zip, the A's and Giants one Global Neames twenty 264 00:14:39,200 --> 00:14:42,280 Speaker 1: four hours a day on air and on Bloomberg Quick Tank, 265 00:14:42,600 --> 00:14:45,440 Speaker 1: powered by more than twenty seven hundred journalist and analysts 266 00:14:45,520 --> 00:14:47,880 Speaker 1: more than a hundred twenty countries. I'm Michael Barr, and 267 00:14:47,960 --> 00:14:50,520 Speaker 1: this is Bloomberg Nathan. All right, Michael, thanks for coming 268 00:14:50,600 --> 00:14:52,600 Speaker 1: up to six twenty on Wall Street Live from the 269 00:14:52,600 --> 00:14:56,520 Speaker 1: Bloomberg Intractive Broker Studios. This is Bloomberg Daybreak, and let's 270 00:14:56,520 --> 00:14:59,480 Speaker 1: get more now on the advances we're hearing out of Ukraine. 271 00:14:59,560 --> 00:15:03,640 Speaker 1: Rosella Matheson joins, a Senior executive editor for International Government 272 00:15:03,880 --> 00:15:07,440 Speaker 1: at Bloomberg News. Ros. Good morning, since we first heard 273 00:15:07,520 --> 00:15:11,200 Speaker 1: about this counter offensive taking place by Ukrainian forces, the 274 00:15:11,240 --> 00:15:14,440 Speaker 1: reports we're hearing about the progress that the military is 275 00:15:14,480 --> 00:15:18,440 Speaker 1: making have been nothing short of remarkable. Well, that's right. 276 00:15:18,520 --> 00:15:21,800 Speaker 1: The counter offensive seemed to have started off fairly slowly 277 00:15:21,840 --> 00:15:24,920 Speaker 1: and cautiously, but just in the last three to four days, 278 00:15:24,920 --> 00:15:28,960 Speaker 1: we've seen really astounding and rapid gains by the Ukrainian forces, 279 00:15:29,000 --> 00:15:32,560 Speaker 1: particularly around Khakiv, and that's in the east of the country, 280 00:15:32,640 --> 00:15:35,080 Speaker 1: in the dom Bas region, and that's where Russia, of 281 00:15:35,080 --> 00:15:38,200 Speaker 1: course was very entrenched in the early days of the war. 282 00:15:38,280 --> 00:15:41,160 Speaker 1: But we've seen them sweep through multiple villages and towns, 283 00:15:41,560 --> 00:15:43,840 Speaker 1: pushing the Russians back out of the way at the 284 00:15:43,880 --> 00:15:47,040 Speaker 1: same time and closer to the Russian border, and signs 285 00:15:47,080 --> 00:15:50,760 Speaker 1: really of absolute chaos and disarray in the Russian ranks. 286 00:15:50,760 --> 00:15:54,640 Speaker 1: Footage of tanks driving in way with fashion people. Russian 287 00:15:54,640 --> 00:15:57,720 Speaker 1: troops essentially look like they're running to get back out 288 00:15:57,720 --> 00:15:59,680 Speaker 1: of the way in a sense that they're abandoning their 289 00:15:59,720 --> 00:16:03,200 Speaker 1: poe very quickly. And so it's actually moved much faster 290 00:16:03,320 --> 00:16:06,200 Speaker 1: than people expected. Certainly it seems to have moved faster 291 00:16:06,240 --> 00:16:09,840 Speaker 1: than even the Ukrainian commanders expected. And now it comes 292 00:16:09,840 --> 00:16:11,640 Speaker 1: a question of do they need to keep pushing at 293 00:16:11,640 --> 00:16:14,360 Speaker 1: the same speed, or do they really need to also 294 00:16:14,400 --> 00:16:16,920 Speaker 1: slow down a bit and try and consolidate some of 295 00:16:16,960 --> 00:16:19,480 Speaker 1: the games they've gotten. Because they've moved so fast, they 296 00:16:19,560 --> 00:16:23,840 Speaker 1: perhaps risk stretching their own resources quite thainly in the process. 297 00:16:23,880 --> 00:16:26,520 Speaker 1: But certainly very quick and rapid games we've seen just 298 00:16:26,560 --> 00:16:29,320 Speaker 1: the last couple of days alone. It almost sounds like 299 00:16:29,400 --> 00:16:33,520 Speaker 1: a repeat of the reports we heard when Russia tried 300 00:16:33,600 --> 00:16:38,040 Speaker 1: to take over key of the capital. This idea that 301 00:16:38,360 --> 00:16:42,880 Speaker 1: the Ukrainian defenses were so much stronger than the Russians 302 00:16:42,880 --> 00:16:47,520 Speaker 1: apparently expected that many of them began to abandon their 303 00:16:47,560 --> 00:16:51,240 Speaker 1: posts and almost collapse. Is that sort of a repeat 304 00:16:51,240 --> 00:16:53,520 Speaker 1: of what we're seeing here and what could that mean 305 00:16:53,880 --> 00:16:58,120 Speaker 1: for the Russian reaction? Well, certainly it's got to raise 306 00:16:58,160 --> 00:17:01,720 Speaker 1: further questions about the the organization, structure and capability of 307 00:17:01,760 --> 00:17:04,520 Speaker 1: the Russian military as a whole. As you say, in 308 00:17:04,560 --> 00:17:06,200 Speaker 1: the early days of the war, they seemed to be 309 00:17:06,280 --> 00:17:09,119 Speaker 1: the presumption, at least by Russia that within days may 310 00:17:09,200 --> 00:17:12,560 Speaker 1: be in Kiev. This war would be very swift and decisive, 311 00:17:12,600 --> 00:17:14,840 Speaker 1: And suddenly that's not the way it's turned out, And 312 00:17:14,920 --> 00:17:18,359 Speaker 1: time and time again we've seen the Ukrainian forces really 313 00:17:18,359 --> 00:17:22,000 Speaker 1: get the better of their Russian counterparts despite being smaller 314 00:17:22,000 --> 00:17:25,800 Speaker 1: in size, ostensibly less better trained. Uh and again US 315 00:17:25,880 --> 00:17:28,520 Speaker 1: now they've got better equipment than they did. But there 316 00:17:28,600 --> 00:17:30,720 Speaker 1: was all this kind of conversation about how the Russian 317 00:17:30,760 --> 00:17:33,880 Speaker 1: forces were so amazing before the war and certainly got 318 00:17:33,880 --> 00:17:36,239 Speaker 1: to raise fundamental questions about where all that mudney went 319 00:17:36,320 --> 00:17:39,720 Speaker 1: into that modernization of the Russian military and their training 320 00:17:39,760 --> 00:17:42,800 Speaker 1: and command structure. But that aside, it's it's interesting to 321 00:17:42,840 --> 00:17:45,040 Speaker 1: see how this resonates in Russia at the moment. What 322 00:17:45,080 --> 00:17:47,159 Speaker 1: we're seeing is is the rhetory that this was a 323 00:17:47,200 --> 00:17:50,400 Speaker 1: deliberate and planned withdrawal. It's an orderly withdrawal that's part 324 00:17:50,440 --> 00:17:53,960 Speaker 1: of their overall tactics. Business as usual. From Russian president 325 00:17:54,040 --> 00:17:56,600 Speaker 1: out and about in Moscow on the weekend, and he's 326 00:17:56,600 --> 00:18:00,400 Speaker 1: off to see the Chinese president in Uzbekistan later this week. 327 00:18:00,480 --> 00:18:03,320 Speaker 1: So suddenly they're trying to present the idea that nothing's 328 00:18:03,320 --> 00:18:05,920 Speaker 1: are right here when clearly it is. Well, what about 329 00:18:05,960 --> 00:18:08,879 Speaker 1: concern about those operation a nuclear plant. There's been a 330 00:18:08,960 --> 00:18:12,439 Speaker 1: lot of reports of continued showing their risk of a 331 00:18:12,520 --> 00:18:18,440 Speaker 1: nuclear accident is that concern still being felt on the ground. Well, 332 00:18:18,440 --> 00:18:21,960 Speaker 1: certainly there's continued continued concern about that nuclear plant. It 333 00:18:22,080 --> 00:18:26,639 Speaker 1: is fairly stable, despite fairly regular attacks in and around 334 00:18:26,640 --> 00:18:29,439 Speaker 1: the plant and challenges to the power supply to it. 335 00:18:29,480 --> 00:18:31,720 Speaker 1: But there are failed states and backups, and they seem 336 00:18:31,760 --> 00:18:34,439 Speaker 1: to be working all right, and there are still a 337 00:18:34,480 --> 00:18:36,480 Speaker 1: team from the I a e A on the ground. 338 00:18:36,480 --> 00:18:39,240 Speaker 1: They're trying to keep things under control. That The question 339 00:18:39,280 --> 00:18:43,240 Speaker 1: is also if this war really goes further wrong for 340 00:18:43,280 --> 00:18:46,720 Speaker 1: the Russian administration and for the president Vladimir Putin, what 341 00:18:46,800 --> 00:18:50,760 Speaker 1: are his options here? Does he become more ratic? Does 342 00:18:50,840 --> 00:18:54,439 Speaker 1: he do something even more dangerous as a result. Is 343 00:18:54,440 --> 00:18:57,720 Speaker 1: he feeling the pressure at home amongst his leadership? So 344 00:18:57,800 --> 00:18:59,760 Speaker 1: what does that lead him to do? What kind of 345 00:18:59,800 --> 00:19:02,679 Speaker 1: back does he take? He's already putting the squeeze on 346 00:19:02,680 --> 00:19:05,840 Speaker 1: on you Europe. On the energy side, they've been blackouts 347 00:19:05,880 --> 00:19:07,560 Speaker 1: in Ukraine in the ease the last couple of days, 348 00:19:07,560 --> 00:19:11,400 Speaker 1: suggesting he will also use energy as a weapon in Ukraine. 349 00:19:11,440 --> 00:19:13,679 Speaker 1: But what other kinds of things might he turn to 350 00:19:13,840 --> 00:19:17,080 Speaker 1: depending on how much pressure he's feeling. I will continue 351 00:19:17,080 --> 00:19:20,400 Speaker 1: following developments as we say, they are moving along rapidly 352 00:19:20,480 --> 00:19:25,600 Speaker 1: here along with Ukraine's forces apparently. Rosalind Matheson are senior 353 00:19:25,600 --> 00:19:29,439 Speaker 1: Executive editor for International Government at Bloomberg News, joining us 354 00:19:29,480 --> 00:19:32,119 Speaker 1: live this morning. Ross, thanks as always for the update 355 00:19:32,160 --> 00:19:35,520 Speaker 1: on what's happening in the war in Ukraine. Looking ahead 356 00:19:35,560 --> 00:19:38,159 Speaker 1: to the market, open futures are on the rise on 357 00:19:38,200 --> 00:19:41,320 Speaker 1: this Monday morning. S and P futures up nineteen points, 358 00:19:41,440 --> 00:19:44,960 Speaker 1: Dow futures up on eighteen. NASTAC futures are higher by 359 00:19:45,040 --> 00:19:49,840 Speaker 1: sixty one points. Germany's dacks gain of one point six percent, 360 00:19:50,280 --> 00:19:53,160 Speaker 1: the tenure treasury up to thirty seconds the old three 361 00:19:53,160 --> 00:19:55,480 Speaker 1: point three zero percent, the yield on the two year 362 00:19:56,040 --> 00:19:59,919 Speaker 1: three point five four percent. Stay with us, you're les 363 00:20:00,000 --> 00:20:08,879 Speaker 1: sing to Bloomberg Daybreak, Bloomberg eleven three oh. Whether it's 364 00:20:08,880 --> 00:20:11,720 Speaker 1: gonna stay Probably mostly cloudy today with a higher eighty degrees, 365 00:20:11,760 --> 00:20:16,000 Speaker 1: will turn mostly Sunday tomorrow afternoon, low eighties, sunshine higher 366 00:20:16,040 --> 00:20:19,320 Speaker 1: eighty on Wednesday. Right now sixty nine degrees in Central Park. 367 00:20:25,080 --> 00:20:29,639 Speaker 1: Bridcasting live from the Bloomberg Interactive Broker Studio in New York. 368 00:20:29,720 --> 00:20:33,120 Speaker 1: Bloomberg e loving freed to Washington, d C. Bloomberg nine 369 00:20:33,280 --> 00:20:37,040 Speaker 1: nine one to Boston, Bloomberg one six one to San Francisco, 370 00:20:37,119 --> 00:20:40,320 Speaker 1: Bloomberg Home sixty to the Country Sirius XM to the 371 00:20:40,400 --> 00:20:43,280 Speaker 1: one nine ten, and around the globe the Bloomberg Business 372 00:20:43,359 --> 00:20:47,400 Speaker 1: app in Bloomberg Radio dot Com. This is Bloomberg Daybreak. 373 00:20:53,240 --> 00:20:55,600 Speaker 1: It's six thirty on Wall Street. Good morning. I'm Nathan 374 00:20:55,640 --> 00:20:58,600 Speaker 1: Hagar and I'm Karen Moscow, and we're just about three 375 00:20:58,680 --> 00:21:01,359 Speaker 1: hours away from the of US trading time for the 376 00:21:01,359 --> 00:21:03,760 Speaker 1: five things you need to notice. Start your day, and 377 00:21:03,800 --> 00:21:06,920 Speaker 1: at first you begin in Ukraine, where the nation's military 378 00:21:07,080 --> 00:21:11,480 Speaker 1: is making significant stripes, forcing Russian defenses back and retaking 379 00:21:11,520 --> 00:21:14,359 Speaker 1: some key areas and marks one of the biggest successes 380 00:21:14,359 --> 00:21:19,160 Speaker 1: for Ukraine since Moscow's invasion. Plumbers Roz Mathison says, Russian 381 00:21:19,160 --> 00:21:22,320 Speaker 1: defenses appear caught on their heels. In the last few days. 382 00:21:22,320 --> 00:21:26,000 Speaker 1: Has been really rapid progress, particularly in the east around Hakiev, 383 00:21:26,320 --> 00:21:29,720 Speaker 1: going through towns very very quickly, pushing the Russian forces 384 00:21:29,760 --> 00:21:32,800 Speaker 1: back closer to the Russian border. In fact, the departure 385 00:21:32,880 --> 00:21:35,720 Speaker 1: by the Russians became so rapid it became quite chaotic. 386 00:21:36,240 --> 00:21:39,639 Speaker 1: Stuff abandoned beside the road, tanks left troops running in 387 00:21:39,680 --> 00:21:42,760 Speaker 1: all directions as certainly quite a sense of chaos on 388 00:21:42,800 --> 00:21:45,359 Speaker 1: the Russian side of the speed with which the Ukrainians 389 00:21:45,359 --> 00:21:49,520 Speaker 1: have pushed through these towns. Bloombergs Ros Madison says Ukraine 390 00:21:49,520 --> 00:21:54,359 Speaker 1: believes it's recaptured about three thousand square kilometers of lost territory. Well, Karen, 391 00:21:54,440 --> 00:21:57,239 Speaker 1: let's turn now to the UK, where morning continues for 392 00:21:57,320 --> 00:22:00,560 Speaker 1: Queen Elizabeth. The second King Charles has wrapped the remarks 393 00:22:00,560 --> 00:22:03,640 Speaker 1: of Westminster, where political leaders have gathered to offer their condolences, 394 00:22:03,640 --> 00:22:07,119 Speaker 1: while the Queen lies in state in Edinburgh, Scotland before 395 00:22:07,119 --> 00:22:10,119 Speaker 1: being moved to London. Bloomberg's Lizzie Burden has more from 396 00:22:10,119 --> 00:22:14,399 Speaker 1: Buckingham Palace. Tomorrow the coffin will return here to Buckingham Palace, 397 00:22:14,760 --> 00:22:17,399 Speaker 1: and then from Wednesday until the funeral now confirmed for 398 00:22:17,400 --> 00:22:20,960 Speaker 1: September nineteenth, the Queen will lie in state at Westminster Hall. 399 00:22:21,400 --> 00:22:24,840 Speaker 1: You've got some UK newspapers this morning estimating that as 400 00:22:24,880 --> 00:22:27,919 Speaker 1: many as a million people will file past the coffin. 401 00:22:28,240 --> 00:22:31,119 Speaker 1: That could create a five mile qe. But really it's 402 00:22:31,160 --> 00:22:34,440 Speaker 1: an outpouring of national grief that none of us has 403 00:22:34,520 --> 00:22:37,280 Speaker 1: likely seen in our lifetimes in the UK, and it 404 00:22:37,359 --> 00:22:40,840 Speaker 1: leads the government paralyzed in Liz Ross's second Weekest Prime 405 00:22:40,880 --> 00:22:44,040 Speaker 1: Minister Bloomberg's Lizzie Burden says the Queen's funeral will be 406 00:22:44,080 --> 00:22:47,040 Speaker 1: held in Westminster Abbey one week from today. Well, we 407 00:22:47,080 --> 00:22:49,679 Speaker 1: turned down, Nathan to the mood on Wall Street this morning, 408 00:22:49,680 --> 00:22:53,120 Speaker 1: with US futures and stocks overseas rising the dollars weekending, 409 00:22:53,119 --> 00:22:55,280 Speaker 1: and that's giving strength of the pound in the euro. 410 00:22:55,680 --> 00:22:58,320 Speaker 1: The next major catalyst from markets careen comes tomorrow when 411 00:22:58,320 --> 00:23:00,159 Speaker 1: we get the latest reading on US and fleece An 412 00:23:00,200 --> 00:23:02,959 Speaker 1: economists predict the monthly decline in the consumer price index 413 00:23:02,960 --> 00:23:05,440 Speaker 1: with the fall of one tenth of one and as 414 00:23:05,520 --> 00:23:08,960 Speaker 1: prices remain high, Nathan, railroad workers are threatening to strike 415 00:23:09,040 --> 00:23:11,960 Speaker 1: for more pay. Tens of thousands of rail employees say 416 00:23:12,000 --> 00:23:13,960 Speaker 1: they could walk off the job this week as labor 417 00:23:14,000 --> 00:23:17,480 Speaker 1: negotiations remain challenging. They weren't that a strike could cost 418 00:23:17,520 --> 00:23:20,040 Speaker 1: the U. S economy were then two billion dollars a day. 419 00:23:20,320 --> 00:23:22,119 Speaker 1: And that's the five things that you need to notice. 420 00:23:22,119 --> 00:23:25,080 Speaker 1: Start your day, all right, Karen, Thanks SMP futures right 421 00:23:25,119 --> 00:23:27,840 Speaker 1: now we're up twenty points, Stout futures up one, nest 422 00:23:27,840 --> 00:23:30,879 Speaker 1: Act futures higher by sixty five points. Straight ahead your 423 00:23:30,920 --> 00:23:33,679 Speaker 1: latest local headlines and to check off sports. This is 424 00:23:33,720 --> 00:23:39,880 Speaker 1: Bloomberg and at six thirty three on Wall Street where 425 00:23:39,880 --> 00:23:42,720 Speaker 1: at sixty nine degrees in Central Park. It is heavy 426 00:23:42,720 --> 00:23:45,560 Speaker 1: on the northbound FDR drive with that accident on a 427 00:23:45,600 --> 00:23:48,640 Speaker 1: hundred six. Details coming up in traffic. First Michael Barr 428 00:23:48,640 --> 00:23:49,960 Speaker 1: with what else is going on in New York and 429 00:23:50,000 --> 00:23:52,440 Speaker 1: around the world. Michael, thank you very much, Nathan. Americans 430 00:23:52,480 --> 00:23:56,639 Speaker 1: remembered nine eleven yesterday. There were emotional tributes and police 431 00:23:56,720 --> 00:23:59,600 Speaker 1: to never forget. Twenty one years after the deadliest to 432 00:23:59,760 --> 00:24:02,920 Speaker 1: or attack on US soil. Senate Majority of Leader Chuck 433 00:24:02,960 --> 00:24:05,560 Speaker 1: Schumer of New York held an event in Manhattan's Rally 434 00:24:05,600 --> 00:24:10,520 Speaker 1: for support for the federal government's World Trade Center Health Program, 435 00:24:10,560 --> 00:24:13,520 Speaker 1: a fund for survivors, which is currently facing and impending 436 00:24:13,840 --> 00:24:17,680 Speaker 1: three billion dollar funding deficit for the ongoing medical care 437 00:24:17,720 --> 00:24:21,240 Speaker 1: of nine eleven survivors and first responders. The best way 438 00:24:21,240 --> 00:24:24,760 Speaker 1: we can never forget, folks, just to get this done, 439 00:24:25,080 --> 00:24:27,320 Speaker 1: to make sure that the people who are hurt, the 440 00:24:27,400 --> 00:24:32,840 Speaker 1: people who had taken care of all given their due. 441 00:24:33,400 --> 00:24:36,959 Speaker 1: Senator Schumer says it's the responsibility of Congress to ensure 442 00:24:37,200 --> 00:24:39,359 Speaker 1: those heroes who put their lives on the line that 443 00:24:39,480 --> 00:24:43,440 Speaker 1: day get the care they deserve. Meanwhile, a New York 444 00:24:43,520 --> 00:24:46,960 Speaker 1: Port Authority police officer was killed yesterday while heading to 445 00:24:47,040 --> 00:24:50,840 Speaker 1: a nine eleven ceremony. Anthony Vavarro from Staten Island was 446 00:24:50,880 --> 00:24:53,680 Speaker 1: heading to serve on the World Trade Center Command when 447 00:24:53,720 --> 00:24:57,560 Speaker 1: he was killed in a car crash near the Holland Tunnel. Vavarro, 448 00:24:57,720 --> 00:25:01,040 Speaker 1: who is thirty seven, retired as a Ajor League Baseball 449 00:25:01,080 --> 00:25:04,080 Speaker 1: pitcher for the Atlanta Braves and joined the academy only 450 00:25:04,119 --> 00:25:07,000 Speaker 1: a few days later. The trial resumes today in the 451 00:25:07,040 --> 00:25:10,399 Speaker 1: sentence in phase of the Parkland High School shooter Nicholas Cruz, 452 00:25:10,400 --> 00:25:12,840 Speaker 1: where either get the death penalty or life without parole 453 00:25:12,880 --> 00:25:16,800 Speaker 1: for killing seventeen students and staff members at Marjorie Stoneman 454 00:25:16,840 --> 00:25:20,160 Speaker 1: Douglas High School in twenty eighteen, just a month after 455 00:25:20,240 --> 00:25:23,800 Speaker 1: losing a fifty million dollar verdict over his defamatory claims 456 00:25:24,040 --> 00:25:27,320 Speaker 1: about the Sandy Hook School shooting. A second trial for 457 00:25:27,480 --> 00:25:31,080 Speaker 1: conspiracy theorist Alex Jones is set to get underway. This 458 00:25:31,160 --> 00:25:34,560 Speaker 1: time a six member jury in Connecticut will hear evidence 459 00:25:34,640 --> 00:25:37,080 Speaker 1: this week to determine how much Joan should have to 460 00:25:37,080 --> 00:25:40,600 Speaker 1: pay the families of some of the shooting victims. Crews 461 00:25:40,680 --> 00:25:44,920 Speaker 1: are making progress against big California wildfires that have thousands 462 00:25:44,960 --> 00:25:49,000 Speaker 1: of people evacuated and threatened thousands of homes. Southeast of 463 00:25:49,040 --> 00:25:52,960 Speaker 1: Los Angeles and Riverside County. Rain from remnants of Tropical 464 00:25:53,000 --> 00:25:57,800 Speaker 1: Storm k helps califires might page fire still possesses a 465 00:25:57,840 --> 00:26:00,800 Speaker 1: lot of potential to move around, which is why it 466 00:26:00,840 --> 00:26:03,680 Speaker 1: is imperative that we do everything we can to jump 467 00:26:03,680 --> 00:26:05,840 Speaker 1: on the opportunity that the weather has given us to 468 00:26:05,920 --> 00:26:08,280 Speaker 1: get in there as fast as possible. In the center 469 00:26:08,320 --> 00:26:12,240 Speaker 1: of California, Madura County, a fire has burned over two 470 00:26:12,240 --> 00:26:15,280 Speaker 1: dozen structures. Global News twenty four hours a day on 471 00:26:15,320 --> 00:26:17,880 Speaker 1: a rand on Bloomberg quick toy, powered by more than 472 00:26:17,960 --> 00:26:20,359 Speaker 1: twenty seven hundred journalists and analysts more than a hundred 473 00:26:20,359 --> 00:26:24,639 Speaker 1: twenty countries. Michael barn this is Bloomberg, Nathan. Thanks Michael. 474 00:26:29,119 --> 00:26:31,840 Speaker 1: Almost six thirty six on Wall Street on Stash has 475 00:26:31,840 --> 00:26:34,639 Speaker 1: the Bloomberg Sports Update, Nathan. The Giants are one and 476 00:26:34,760 --> 00:26:37,320 Speaker 1: oh and that doesn't nappen often in Nashville. They fell 477 00:26:37,359 --> 00:26:39,879 Speaker 1: behind thirteen nothing and then two big plays in the 478 00:26:39,920 --> 00:26:42,720 Speaker 1: third quarter, A sixty eight yard run by Sae Kwon Barkley, 479 00:26:42,720 --> 00:26:46,080 Speaker 1: a sixty six yard touchdown past Daniel Jones, the stilling Shepherd. 480 00:26:46,119 --> 00:26:49,840 Speaker 1: Those two plays longer than any plays all of last season. 481 00:26:49,840 --> 00:26:52,720 Speaker 1: The Giants took the lead with just over a minute left, 482 00:26:52,760 --> 00:26:56,040 Speaker 1: converting on a risky two point conversion that Titans had 483 00:26:56,040 --> 00:26:58,720 Speaker 1: a chance to win at the end, naps clean kick 484 00:26:58,800 --> 00:27:03,960 Speaker 1: on its way and over and then left. Thets have 485 00:27:04,119 --> 00:27:10,000 Speaker 1: one for the first two thousand sixteen. The Giants have 486 00:27:10,119 --> 00:27:14,479 Speaker 1: won a season over one twenty and Brian Dables coaching debut. 487 00:27:14,560 --> 00:27:16,800 Speaker 1: As for the Jets, more the same couple of turnovers 488 00:27:16,840 --> 00:27:19,200 Speaker 1: dropped passes. Jets only touchdown came to the minute left. 489 00:27:19,240 --> 00:27:21,960 Speaker 1: They lost at Baltimore four to nine. The Jets have 490 00:27:22,040 --> 00:27:24,960 Speaker 1: lost thirteen games in a row in September. Last night 491 00:27:24,960 --> 00:27:27,800 Speaker 1: in Dallas, Tampa Bay won nineteen to three. In the Cowboys, 492 00:27:27,880 --> 00:27:31,440 Speaker 1: quarterback Dak Prescott suffered a thumb injury he could miss 493 00:27:31,520 --> 00:27:35,720 Speaker 1: two months. Three games were won by on field goals 494 00:27:35,720 --> 00:27:39,840 Speaker 1: that went over fifty yards Cleveland, New Orleans and Pittsburgh, 495 00:27:40,200 --> 00:27:43,200 Speaker 1: whose field goal came at the end of overtime. Cincinnati 496 00:27:43,280 --> 00:27:45,919 Speaker 1: had a chance to win in regulation, but missed an 497 00:27:45,960 --> 00:27:48,159 Speaker 1: extra point right at the end. They After the Yankees 498 00:27:48,160 --> 00:27:50,479 Speaker 1: won ten to three. They won ten four over Tampa Bay, 499 00:27:50,480 --> 00:27:52,520 Speaker 1: scored all ten in the first two innings, hit four 500 00:27:52,560 --> 00:27:54,800 Speaker 1: home runs, two by Glaver Touris and the incidentally the 501 00:27:54,880 --> 00:27:57,119 Speaker 1: raised by five and a half. The day after the 502 00:27:57,160 --> 00:28:00,000 Speaker 1: Mets one eleven to three, they won nine three in Miami, 503 00:28:00,000 --> 00:28:01,359 Speaker 1: me and they move a game and half ahead of 504 00:28:01,400 --> 00:28:04,879 Speaker 1: Atlanta after three five set wins. Carlos Alcarez one of 505 00:28:04,880 --> 00:28:07,760 Speaker 1: the US Open final in four sets over Norway's Caspar 506 00:28:07,800 --> 00:28:10,479 Speaker 1: rut Of The nineteen year old Alcarez is the youngest 507 00:28:10,520 --> 00:28:13,320 Speaker 1: Open winner in thirty two years. John stash Were bloom 508 00:28:13,359 --> 00:28:16,000 Speaker 1: Group Sports Nathan, Thank you John, six thirty seven on 509 00:28:16,000 --> 00:28:18,239 Speaker 1: Wall Street. Time to take a look at stocks, some 510 00:28:18,320 --> 00:28:21,080 Speaker 1: of the names moving in the pre market. Bloomberg Radio 511 00:28:21,080 --> 00:28:24,560 Speaker 1: and TV markets correspondent Pretty Goopta joins us sailing a 512 00:28:24,680 --> 00:28:28,800 Speaker 1: sea of green this morning. Good morning, Cretty, good morning, Nathan. 513 00:28:28,840 --> 00:28:30,880 Speaker 1: Can't just say I was actually at the US Open 514 00:28:31,000 --> 00:28:34,959 Speaker 1: yesterday and I witnessed Carlos alcarraz win. It was amazing, 515 00:28:35,160 --> 00:28:37,880 Speaker 1: must have been nice, amazing. I mean, the crowd went 516 00:28:37,920 --> 00:28:41,640 Speaker 1: wild for nineteen years old and what an overachiever. Let's 517 00:28:41,680 --> 00:28:43,760 Speaker 1: talk about the stock market movie here, Um let's talk 518 00:28:43,760 --> 00:28:45,960 Speaker 1: about a story that I think we've hit over and 519 00:28:46,080 --> 00:28:49,720 Speaker 1: over and over again Twitter, this time after of course 520 00:28:49,760 --> 00:28:53,280 Speaker 1: no dealing with its legal kind of mandating and it's 521 00:28:53,320 --> 00:28:58,239 Speaker 1: in its U court case. Falgo continues shares her down 522 00:28:58,240 --> 00:29:00,120 Speaker 1: about one percent the pre market, And Nathan, this is 523 00:29:00,240 --> 00:29:02,800 Speaker 1: significant because, as you mentioned, it is coming in the 524 00:29:02,840 --> 00:29:04,680 Speaker 1: background of an up market, So you are see a 525 00:29:04,680 --> 00:29:06,800 Speaker 1: little bit of pressure here on Twitter shares. Look like. 526 00:29:06,840 --> 00:29:09,520 Speaker 1: The story here is that Elon Musk third attempt to 527 00:29:09,560 --> 00:29:12,800 Speaker 1: cancel the deal is deemed invalid. Nevertheless, Twitter shares are 528 00:29:12,880 --> 00:29:15,600 Speaker 1: under pressure. So the question is what actually creates that 529 00:29:15,680 --> 00:29:18,560 Speaker 1: pivot point. One of the big concerns for this market 530 00:29:18,680 --> 00:29:21,440 Speaker 1: or for this particular stock is now the Elon Musk 531 00:29:21,520 --> 00:29:25,320 Speaker 1: has uh initiated interests and then kind of withdrew it. 532 00:29:25,440 --> 00:29:27,720 Speaker 1: Now they're dealing with this. Does that mean this stock 533 00:29:27,800 --> 00:29:30,960 Speaker 1: loses value because no other bidder might want it. That's 534 00:29:30,960 --> 00:29:32,480 Speaker 1: gonna be one of the concerns that we're gonna have 535 00:29:32,560 --> 00:29:36,400 Speaker 1: to monitor throughout throughout really this entire court case that 536 00:29:36,480 --> 00:29:38,240 Speaker 1: really just doesn't stop. The other one I want to 537 00:29:38,280 --> 00:29:41,200 Speaker 1: talk to you about is the healthcare space Bristol Meyers 538 00:29:41,240 --> 00:29:43,360 Speaker 1: Squid b M wise or take our shares are about 539 00:29:43,400 --> 00:29:46,480 Speaker 1: seven percent this morning in the pre market. This comes 540 00:29:46,480 --> 00:29:49,280 Speaker 1: after their drug received approval from the US FDA for 541 00:29:49,360 --> 00:29:52,480 Speaker 1: the treatment of moderate to severe services with quote no 542 00:29:52,880 --> 00:29:56,160 Speaker 1: black box warnings. This could be a major moneymaker for 543 00:29:56,320 --> 00:29:58,440 Speaker 1: the company, so certainly keep your eye on that one. 544 00:29:58,480 --> 00:30:00,560 Speaker 1: And let's move to crypto stocks. Here's well, speaking of 545 00:30:00,640 --> 00:30:04,480 Speaker 1: green on the screen, Nathan. Blockchain are io T shares 546 00:30:04,520 --> 00:30:06,560 Speaker 1: are about three percent in the pre market, really just 547 00:30:06,640 --> 00:30:09,920 Speaker 1: following the bitcoin move you are seeing in the broader market, 548 00:30:10,160 --> 00:30:12,600 Speaker 1: and I would argue risk sentiment broadly. Coin based is 549 00:30:12,600 --> 00:30:13,880 Speaker 1: another one that you want to keep your eye on. 550 00:30:14,080 --> 00:30:17,280 Speaker 1: C o I n is your ticker also up about 551 00:30:17,560 --> 00:30:21,040 Speaker 1: three percent. All right, just about thirty seconds left here, Crety. 552 00:30:21,080 --> 00:30:23,720 Speaker 1: But we've been reporting on the possibility of a strike 553 00:30:23,840 --> 00:30:26,840 Speaker 1: on the rails. You're keeping an eye on railroad stocks 554 00:30:26,920 --> 00:30:29,479 Speaker 1: this morning, We absolutely are, so CEE excess is one 555 00:30:29,520 --> 00:30:31,120 Speaker 1: of the ones you want to keep an eye on. 556 00:30:31,240 --> 00:30:33,840 Speaker 1: It's major railroad here in the States. For our international audience. 557 00:30:33,840 --> 00:30:35,720 Speaker 1: Share is actually up about three tons of one percent, 558 00:30:36,000 --> 00:30:38,160 Speaker 1: but that could move, and you are already seeing some 559 00:30:38,360 --> 00:30:40,560 Speaker 1: interesting volume in these shares, so keep an eye on that. 560 00:30:40,680 --> 00:30:41,840 Speaker 1: The other one we want to keep an eye on 561 00:30:41,960 --> 00:30:44,960 Speaker 1: is Union Pacific u n P is your ticker, and 562 00:30:45,120 --> 00:30:47,640 Speaker 1: those shares are actually up as well as well, up 563 00:30:47,640 --> 00:30:49,600 Speaker 1: about six cents and one per some one. Again, they're 564 00:30:49,720 --> 00:30:52,480 Speaker 1: both down heavyweights, so keep your eye on it all right, 565 00:30:52,520 --> 00:30:55,280 Speaker 1: Bloomberg Radio on TV Markets correspondent Creedy Group. They're giving 566 00:30:55,320 --> 00:30:56,760 Speaker 1: us a reason to keep an eye on the dow 567 00:30:56,920 --> 00:30:59,520 Speaker 1: this morning. That will make Tom Keene happy. Looking ahead 568 00:30:59,560 --> 00:31:03,040 Speaker 1: to the market open SMP futures are up twenty points, 569 00:31:03,080 --> 00:31:07,720 Speaker 1: Style futures up three NASTAC futures are higher by sixty 570 00:31:07,840 --> 00:31:10,600 Speaker 1: seven points. The tenure treasury is up for thirty seconds, 571 00:31:11,040 --> 00:31:14,920 Speaker 1: the yield three point to nine per cent. You're listening 572 00:31:15,200 --> 00:31:23,600 Speaker 1: to Bloomberg day Break. Bloomberg day Break brought to you 573 00:31:23,680 --> 00:31:27,160 Speaker 1: by Interactive Brokers. Trade crypto for less coin with commissions 574 00:31:27,200 --> 00:31:29,640 Speaker 1: just twelve to eighteen basis points and no hidden spreads 575 00:31:29,720 --> 00:31:37,760 Speaker 1: or markups. Learn more at ib kr dot com, slash crypto, markets, 576 00:31:37,880 --> 00:31:40,920 Speaker 1: headlines and breaking news twenty four hours a day at 577 00:31:40,960 --> 00:31:44,960 Speaker 1: Bloomberg dot com. The Bloomberg Business Atland at Bloomberg Quicktape 578 00:31:45,600 --> 00:31:54,920 Speaker 1: is a Bloomberg Business Flash and I'm Karen Moscow and 579 00:31:55,000 --> 00:31:58,560 Speaker 1: this updates brought to you by Interactive Brokers. Interactive Brokers 580 00:31:58,680 --> 00:32:01,600 Speaker 1: charges margin alone rates from two point a three percent 581 00:32:01,720 --> 00:32:05,680 Speaker 1: to three point three percent. Their clients can also earn 582 00:32:05,760 --> 00:32:08,960 Speaker 1: extra income by lending their fully paired shase shares of stock. 583 00:32:09,080 --> 00:32:11,520 Speaker 1: Rates subject to change. Learn more at ibkr dot com. 584 00:32:11,640 --> 00:32:14,560 Speaker 1: Slash compare. Futures are higher this morning. We got to 585 00:32:14,600 --> 00:32:16,920 Speaker 1: the first word breaking news to ask for today's morning call, 586 00:32:17,000 --> 00:32:20,160 Speaker 1: and here's Bill Maloney. Bill, good morning, and good morning. 587 00:32:20,240 --> 00:32:22,560 Speaker 1: Can that's right. US futures with a bid right now, 588 00:32:22,640 --> 00:32:25,240 Speaker 1: with the features up a hundred twenty five points. Game 589 00:32:25,280 --> 00:32:28,800 Speaker 1: twenty one one, Nesday futures rise by sixty nine the 590 00:32:28,920 --> 00:32:31,560 Speaker 1: US ten year at three point to nine percent, Gold 591 00:32:31,680 --> 00:32:33,920 Speaker 1: is up nine, oil is trading higher, and bitcoin is 592 00:32:34,000 --> 00:32:37,040 Speaker 1: up by two point four percent. Japan rose one pot 593 00:32:37,080 --> 00:32:39,720 Speaker 1: two percent overnight, while European market sup posting one percent 594 00:32:39,840 --> 00:32:42,640 Speaker 1: gains this morning, and back in the US, nothing to 595 00:32:42,720 --> 00:32:45,600 Speaker 1: report on the economic front. In deal news, Jake and 596 00:32:45,640 --> 00:32:49,200 Speaker 1: Wargon will buy Payments start up Rentalvike Technologies and a deal. 597 00:32:49,320 --> 00:32:52,040 Speaker 1: In other news, the Disney CEO says that ESPN is 598 00:32:52,120 --> 00:32:55,320 Speaker 1: critical to his vision, and Jenny Ellen remains hopeful the 599 00:32:55,400 --> 00:32:59,560 Speaker 1: economy can revoid a recession regarding earnings Oracle reports after 600 00:32:59,640 --> 00:33:02,760 Speaker 1: the bell and wrapping things up, Adobe was continutral over 601 00:33:02,840 --> 00:33:05,400 Speaker 1: at mizoo ho Live from the first of Breaking News 602 00:33:05,440 --> 00:33:07,880 Speaker 1: tascon Bill Maloney Camp all right, Bill, thank you and 603 00:33:07,960 --> 00:33:10,400 Speaker 1: to hear life breaking news over your Bloomberg type squawk 604 00:33:10,480 --> 00:33:13,040 Speaker 1: on your terminal s qu A w K and that's 605 00:33:13,080 --> 00:33:15,800 Speaker 1: a Bloomberg business flash now with Moore on what's going 606 00:33:15,840 --> 00:33:18,360 Speaker 1: on around the world. Here's Michael Barr, Michael, thank you 607 00:33:18,480 --> 00:33:20,960 Speaker 1: very much. Karen King. Charles the Third spoke about the 608 00:33:21,000 --> 00:33:24,000 Speaker 1: death of his mother, Queen Elizabeth the Second. He spoke 609 00:33:24,080 --> 00:33:28,120 Speaker 1: before Parliament lawmakers in London's Westminster Home. I am deeply 610 00:33:28,240 --> 00:33:32,600 Speaker 1: grateful for the addresses of condolence by the House of 611 00:33:32,680 --> 00:33:37,840 Speaker 1: Lords and the House of Commons which so touchingly encompassed 612 00:33:38,440 --> 00:33:43,160 Speaker 1: what's our late sovereign, my beloved mother, the Queen meant 613 00:33:43,280 --> 00:33:46,360 Speaker 1: to asol The British people will get to pay their 614 00:33:46,480 --> 00:33:50,600 Speaker 1: last respects to the late Queen this week at Westminster Home, Ukraine. 615 00:33:50,680 --> 00:33:54,080 Speaker 1: As captain counter offensive momentum and it's war against Russia going, 616 00:33:54,600 --> 00:33:58,200 Speaker 1: it says it liberated one village after another. Amanta claim 617 00:33:58,320 --> 00:34:01,680 Speaker 1: that in one region. It had pushed the invaders back 618 00:34:01,960 --> 00:34:05,080 Speaker 1: right up to the borders they came from. In football, 619 00:34:05,160 --> 00:34:07,440 Speaker 1: the Giants one, the Jets lost to the Ravens. The 620 00:34:07,480 --> 00:34:11,000 Speaker 1: Commanders won, the Patriots and forty Niners lost. In baseball, 621 00:34:11,080 --> 00:34:13,759 Speaker 1: the Yankees and Mets won, the Nationals lost. The Red 622 00:34:13,840 --> 00:34:17,040 Speaker 1: Sox beat the Orioles, one, zip, the A's and Giants one. 623 00:34:17,560 --> 00:34:22,200 Speaker 1: Carlos al ca Al Lord Carlos Alcarez defeated Crasper Rudd 624 00:34:22,280 --> 00:34:24,879 Speaker 1: to win the US Opened Final to earn his first 625 00:34:24,920 --> 00:34:28,399 Speaker 1: Grand Slam title at age nineteen. Global News twenty four 626 00:34:28,480 --> 00:34:31,480 Speaker 1: hours a day on air and on Bloomberg Quicktech, powered 627 00:34:31,480 --> 00:34:34,120 Speaker 1: about more than twenty seven hundred journalists analysts more than 628 00:34:34,120 --> 00:34:37,880 Speaker 1: a hundred twenty countries. Michael bar this is Bloomberg. Cara, right, Michael, 629 00:34:37,920 --> 00:34:40,120 Speaker 1: thank you well at six nine on Wall Street. And 630 00:34:40,160 --> 00:34:42,840 Speaker 1: we turned to news now in science and technology with 631 00:34:42,920 --> 00:34:45,839 Speaker 1: the Bloomberg and j I T Stem Report. And here's 632 00:34:45,880 --> 00:34:49,400 Speaker 1: what's making news in science, technology, engineering and math. A 633 00:34:49,480 --> 00:34:53,239 Speaker 1: former Amazon employee who has key to developing Alexa technology 634 00:34:53,440 --> 00:34:57,120 Speaker 1: is now working to develop a new type of artificial intelligence. 635 00:34:57,400 --> 00:35:01,920 Speaker 1: William tonstall Pito raised twin million dollars to fund the 636 00:35:02,200 --> 00:35:05,560 Speaker 1: UK based start up unlikely Ai. He says that his 637 00:35:05,680 --> 00:35:08,880 Speaker 1: group is taking a fresh look at the technology. Patrick Baschett, 638 00:35:08,920 --> 00:35:12,080 Speaker 1: a former Google's CFO and current Twitter board member, is 639 00:35:12,120 --> 00:35:15,200 Speaker 1: among those backing the company. A UK payments start up 640 00:35:15,239 --> 00:35:18,719 Speaker 1: fired several employees after harassment complaints from an off site 641 00:35:18,760 --> 00:35:22,080 Speaker 1: trip to Cyprus. Checkout dot Com, which was last valued 642 00:35:22,120 --> 00:35:24,479 Speaker 1: at forty billion dollars, said that it has a zero 643 00:35:24,560 --> 00:35:28,440 Speaker 1: tolerance policy for harassment. The company terminated six members from 644 00:35:28,480 --> 00:35:32,680 Speaker 1: its one hundred twenty person commercial team following an internal investigation. 645 00:35:33,120 --> 00:35:35,600 Speaker 1: And the price of lithium is soaring and shinum as 646 00:35:35,640 --> 00:35:39,000 Speaker 1: demand for new energy vehicles continues to grow. Prices hit 647 00:35:39,080 --> 00:35:42,319 Speaker 1: over seventy one dollars a ton Friday, the same as 648 00:35:42,360 --> 00:35:45,560 Speaker 1: a peak in March. Carmakers and battery manufacturers have been 649 00:35:45,600 --> 00:35:49,160 Speaker 1: scrambling to secure lithium to meet growing demand, and lithium 650 00:35:49,239 --> 00:35:52,160 Speaker 1: is a key material for batteries and electric vehicles. That's 651 00:35:52,200 --> 00:35:55,520 Speaker 1: at Bloomberg and j I T Stem Report. Nathan, Thank you, Karen. 652 00:35:55,560 --> 00:35:58,359 Speaker 1: We're live from the Bloomberg Interactive Broker studios where it's 653 00:35:58,360 --> 00:36:00,960 Speaker 1: six one on Wall Street time now to check what's 654 00:36:00,960 --> 00:36:02,960 Speaker 1: going on in d c Some of the top stories 655 00:36:02,960 --> 00:36:06,120 Speaker 1: in our nation's capital include President Biden calling for unity 656 00:36:06,239 --> 00:36:10,200 Speaker 1: and vigilance twenty one years after nine eleven because on 657 00:36:10,360 --> 00:36:14,000 Speaker 1: this day, it is not about the past, it's about 658 00:36:14,040 --> 00:36:19,040 Speaker 1: the future. We have an obligation, a duty, a responsibility 659 00:36:19,080 --> 00:36:23,320 Speaker 1: to defend, preserve, and protect our democracy. And Vice President 660 00:36:23,400 --> 00:36:26,560 Speaker 1: Kamala Harris says she's very concerned about new threats to 661 00:36:26,640 --> 00:36:30,880 Speaker 1: democracy after the election. Most people in America now that 662 00:36:31,080 --> 00:36:33,480 Speaker 1: it is not helpful to our country when we have 663 00:36:33,600 --> 00:36:36,880 Speaker 1: people who are denying elections, are trying to obstruct the 664 00:36:37,000 --> 00:36:41,239 Speaker 1: outcome of an election. Vice President Harris tells NBC's Meet 665 00:36:41,280 --> 00:36:45,359 Speaker 1: the Press President Biden believes in bipartisanship. Republican Senator Tim 666 00:36:45,440 --> 00:36:47,480 Speaker 1: Scott says he needs to show it, but we have 667 00:36:47,719 --> 00:36:50,840 Speaker 1: not seen from the Biden administration. Is that type of 668 00:36:51,000 --> 00:36:54,400 Speaker 1: unifying message that people rally a railed Senator Scott was 669 00:36:54,480 --> 00:36:57,360 Speaker 1: on Fox News Sunday, also making news the passing of 670 00:36:57,440 --> 00:37:00,239 Speaker 1: an era with Queen Elizabeth's death. US ambassa her to 671 00:37:00,239 --> 00:37:03,120 Speaker 1: the United Kingdom. Jane Hartley was on ABC's This Week 672 00:37:03,280 --> 00:37:07,480 Speaker 1: The dedication that the queen had to an institution and 673 00:37:07,600 --> 00:37:10,719 Speaker 1: to a country, and she had that dedication for for 674 00:37:10,840 --> 00:37:14,440 Speaker 1: seven years. You just don't see that that much in 675 00:37:14,560 --> 00:37:17,560 Speaker 1: politics these days. And on CBS is Face the Nation. 676 00:37:17,760 --> 00:37:21,680 Speaker 1: Ukrainian Ambassador Oxana Markarova called for more vigilance from allies 677 00:37:21,760 --> 00:37:25,040 Speaker 1: after her country's counter offensive against Russia. In order to 678 00:37:25,160 --> 00:37:28,239 Speaker 1: defend our country. We can not aford to panic. We 679 00:37:28,360 --> 00:37:32,000 Speaker 1: have to get ready, all of us, not only our military, 680 00:37:32,400 --> 00:37:36,600 Speaker 1: our very capable military and veterans, but also all civilians 681 00:37:37,280 --> 00:37:39,879 Speaker 1: face the nation this week. Fox News Sunday and Meet 682 00:37:39,920 --> 00:37:42,440 Speaker 1: the Press can all be heard every Sunday right here 683 00:37:42,520 --> 00:37:45,279 Speaker 1: on Bloomberg Radio. Let's get more now on this Monday morning, 684 00:37:45,280 --> 00:37:48,279 Speaker 1: Bloomberg Government reporter Emily Wilkins joins us live from the 685 00:37:48,400 --> 00:37:52,440 Speaker 1: nation's capital. So, Emily, we heard from President Biden yesterday 686 00:37:52,640 --> 00:37:56,880 Speaker 1: remembering nine eleven, after the after the attacks twenty one 687 00:37:57,000 --> 00:38:01,120 Speaker 1: years ago. But those comments about defending democra see really 688 00:38:01,160 --> 00:38:05,120 Speaker 1: seem to stand out absolutely, Nathan, And it really goes 689 00:38:05,239 --> 00:38:07,560 Speaker 1: to a theme that we've been hearing a lot from 690 00:38:08,040 --> 00:38:11,600 Speaker 1: President Joe Biden over the last several weeks. Uh, really 691 00:38:11,680 --> 00:38:15,480 Speaker 1: talking about democracy. If you remember when he ran for president, 692 00:38:15,560 --> 00:38:18,800 Speaker 1: in his sort of old platform was that you know, 693 00:38:18,920 --> 00:38:22,000 Speaker 1: they needed to protect democracy. Um, and you kind of 694 00:38:22,320 --> 00:38:25,000 Speaker 1: positioned himself as the one to do it against former 695 00:38:25,080 --> 00:38:27,960 Speaker 1: President Donald Trump. And you're beginning to really hear that 696 00:38:28,120 --> 00:38:30,920 Speaker 1: message again as we go into the mid terms. I mean, 697 00:38:31,080 --> 00:38:34,960 Speaker 1: certainly yesterday with nine eleven, was a day to remember 698 00:38:35,000 --> 00:38:38,399 Speaker 1: the terrorists attacks and to really focus on what it's 699 00:38:38,480 --> 00:38:41,360 Speaker 1: meant for the US to come back from them. But 700 00:38:41,480 --> 00:38:44,480 Speaker 1: at the same point, it really dovetails with this message 701 00:38:44,520 --> 00:38:47,359 Speaker 1: that Biden is now giving on the campaign trail. We've 702 00:38:47,400 --> 00:38:50,399 Speaker 1: heard it in Pennsylvania, We're hearing it in Ohio, these 703 00:38:50,640 --> 00:38:55,000 Speaker 1: very key battleground states that had these important Senate elections 704 00:38:55,120 --> 00:38:57,840 Speaker 1: as well as a number of a very competitive house races. 705 00:38:57,920 --> 00:39:00,600 Speaker 1: But as of course the houses in play too, um. 706 00:39:00,880 --> 00:39:03,439 Speaker 1: And we're just kind of expecting to hear more about 707 00:39:03,520 --> 00:39:07,960 Speaker 1: it at this point. Democrats really pushing this extreme ideology 708 00:39:08,200 --> 00:39:11,080 Speaker 1: of former President Trump um, as well as talking about 709 00:39:11,160 --> 00:39:15,120 Speaker 1: the MAGA Republicans the of course make America great again. UM. 710 00:39:15,760 --> 00:39:17,880 Speaker 1: This is something really hard on the campaign trail, and 711 00:39:17,960 --> 00:39:21,360 Speaker 1: it seems like for his part, former President Donald Trump, 712 00:39:21,640 --> 00:39:23,359 Speaker 1: you know, he's kind of stepped up to this whole 713 00:39:23,440 --> 00:39:25,800 Speaker 1: idea of of a potential rematch. He's not on the 714 00:39:25,880 --> 00:39:29,040 Speaker 1: campaign trail as well. He's also been to Pennsylvania, He's 715 00:39:29,040 --> 00:39:32,160 Speaker 1: scheduled to go to Ohio. He's really tried to be 716 00:39:32,360 --> 00:39:35,759 Speaker 1: out there because for Republicans, they know that he's still 717 00:39:35,880 --> 00:39:38,360 Speaker 1: someone who can rally the base, who can get people 718 00:39:38,480 --> 00:39:40,759 Speaker 1: to show up, and it is going to be quite 719 00:39:40,840 --> 00:39:44,759 Speaker 1: a competitive mid term. We know that Republicans are still 720 00:39:44,880 --> 00:39:47,480 Speaker 1: considered likely to win the House, but the Senate truly 721 00:39:47,600 --> 00:39:49,919 Speaker 1: is a toss up. But it is interesting, though, isn't 722 00:39:49,960 --> 00:39:54,080 Speaker 1: it to see the fight for control of Congress in 723 00:39:54,160 --> 00:39:59,480 Speaker 1: the mid terms almost looking like presidential rematch. As you mentioned, 724 00:39:59,560 --> 00:40:02,920 Speaker 1: the president and is going to states with competitive congressional races, 725 00:40:03,000 --> 00:40:08,960 Speaker 1: but they are also key presidential battlegrounds. Yeah, absolutely, Nathan. 726 00:40:09,760 --> 00:40:13,080 Speaker 1: This is something where we have uh, both kind of presidents. 727 00:40:13,080 --> 00:40:16,400 Speaker 1: I mean, it's not terribly surprising to see a current 728 00:40:16,440 --> 00:40:19,200 Speaker 1: president being the head of their party, step up, uh 729 00:40:19,280 --> 00:40:21,480 Speaker 1: and go to a number of these rallies. It is 730 00:40:21,480 --> 00:40:24,080 Speaker 1: a little interesting given that Biden's approval numbers are a 731 00:40:24,160 --> 00:40:26,120 Speaker 1: little bit low. You have seen some of his party 732 00:40:26,160 --> 00:40:28,600 Speaker 1: tried to distance themselves from him. But I think in 733 00:40:28,760 --> 00:40:32,200 Speaker 1: terms of a former president really hitting the campaign trail, um, 734 00:40:32,600 --> 00:40:34,239 Speaker 1: I think This kind of fuels a lot of that 735 00:40:34,360 --> 00:40:39,360 Speaker 1: will Trump run in speculation. Republicans have kind of asset 736 00:40:39,480 --> 00:40:43,080 Speaker 1: that he not announced anything until after the mid terms. UM, 737 00:40:43,200 --> 00:40:45,799 Speaker 1: but he's certainly on the campaign trail, and certainly both 738 00:40:45,840 --> 00:40:48,480 Speaker 1: of them are are very much acting like they've got 739 00:40:48,520 --> 00:40:52,319 Speaker 1: another presidential showdown coming their way in another two years. Well, 740 00:40:52,400 --> 00:40:57,080 Speaker 1: let's talk about what's happening today. President Biden's headed to Massachusetts. 741 00:40:57,320 --> 00:41:00,399 Speaker 1: Tell us more about why yeah so by didn't. We'll 742 00:41:00,400 --> 00:41:04,560 Speaker 1: be headed to Massachusetts to talk about a cancer moonshot. 743 00:41:05,040 --> 00:41:07,680 Speaker 1: This is something that's obviously near and dear to his 744 00:41:07,760 --> 00:41:11,520 Speaker 1: heart after he lost his um son bow In to 745 00:41:11,680 --> 00:41:14,600 Speaker 1: brain cancer. UM. So, what Biden is going to try 746 00:41:14,640 --> 00:41:18,600 Speaker 1: and really do today is served begin new initiatives and 747 00:41:18,920 --> 00:41:22,480 Speaker 1: really add fuel to ones that are already going about 748 00:41:22,680 --> 00:41:25,840 Speaker 1: trying to find an end to cancer. He's going to 749 00:41:25,960 --> 00:41:29,160 Speaker 1: be highlighting a new federal back study that validates using 750 00:41:29,200 --> 00:41:32,600 Speaker 1: blood test to screen against multiple cancers, and he's planning 751 00:41:32,680 --> 00:41:35,279 Speaker 1: several other announcements meant to better the lives of those 752 00:41:35,360 --> 00:41:38,720 Speaker 1: suffering from cancer. And so we're gonna see Biden focus 753 00:41:38,800 --> 00:41:41,240 Speaker 1: on this. Um. You know, obviously a lot of Americans 754 00:41:41,360 --> 00:41:45,480 Speaker 1: have folks who have been touched by cancers. Biden's hoping 755 00:41:45,560 --> 00:41:47,719 Speaker 1: to move the US closer to a goal he's set 756 00:41:47,760 --> 00:41:53,120 Speaker 1: in February for cutting US cancer fatalities by over the 757 00:41:53,200 --> 00:41:57,799 Speaker 1: next twenty five years with new technology and policies. Thanks 758 00:41:57,880 --> 00:42:01,080 Speaker 1: as always for the update from Washington. Boomberg Government reporter 759 00:42:01,480 --> 00:42:03,680 Speaker 1: Emily Wilkins, and you can read more about all these 760 00:42:03,719 --> 00:42:06,480 Speaker 1: stories on Bloomberg dot com or on the Bloomberg terminal. 761 00:42:06,719 --> 00:42:09,719 Speaker 1: Listen to Bloomberg Radio in the nation's capital Bloomberg nine 762 00:42:10,160 --> 00:42:13,120 Speaker 1: one and one oh five point seven FM HD two. 763 00:42:13,760 --> 00:42:16,439 Speaker 1: Looking ahead to the market open, we still see green 764 00:42:16,520 --> 00:42:19,640 Speaker 1: on the screen. SMP futures up eighteen points, staff futures 765 00:42:19,680 --> 00:42:23,000 Speaker 1: up a hundred ten NASDAC futures are higher by sixty 766 00:42:23,080 --> 00:42:25,880 Speaker 1: three points. The tenure treasury is up five thirty seconds. 767 00:42:25,920 --> 00:42:28,000 Speaker 1: The old three point two nine percent yield on the 768 00:42:28,040 --> 00:42:32,040 Speaker 1: two year three point five three percent nim X scrooge 769 00:42:32,040 --> 00:42:34,359 Speaker 1: moving higher by nine tenths percent, or seventy nine cents 770 00:42:34,400 --> 00:42:37,360 Speaker 1: at eighty seven dollars fifty eight cents of arrel dollar 771 00:42:37,480 --> 00:42:40,399 Speaker 1: weakness this morning, the Euro at one point zero one 772 00:42:40,600 --> 00:42:45,200 Speaker 1: three nine. Bloomberg surveillance is straight ahead for Karen Moscow. 773 00:42:45,480 --> 00:42:48,759 Speaker 1: I'm Nathan Hagar, and this is Bloomberg