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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: We begin with talks between the United Autoworkers Union and

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Speaker 3: the Big three Detroit automakers and the threat of a

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Speaker 3: work stoppage that could have a wide ranging impact on

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Speaker 3: the US economy. Bloomberg's Ed Corey joins US from Detroit

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Speaker 3: with the latest.

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Speaker 4: Sources tell Bloomberg the union is now considering targeted strikes

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Speaker 4: at a number of factories run by each of Detroit's

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Speaker 4: three automakers if they can't reach contract agreements by a

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Speaker 4: Thursday night deadline. The UAW and car makers are haggling

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Speaker 4: over big pay raises, constant living allowances, and other benefits.

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Speaker 4: The union has demanded. UAW President Sean Fayn plans to

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Speaker 4: lay out the union strike plans at ten pm Thursday,

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Speaker 4: two hours before the contract officially expires in Detroit. Ed

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Speaker 4: Corey Bloomberg Radio, All right, Ed.

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Speaker 2: Thanks, So We're also closely following activity on Capitol Hill.

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Speaker 2: After House republic Ens launched an impeachment probe into President

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Speaker 2: Joe Biden. Speaker Kevin McCarthy says the probe will investigate

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Speaker 2: what he calls a culture of corruption.

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Speaker 5: I do not make this decision lightly, and regardless of

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Speaker 5: your party or who you voted for, these facts should

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Speaker 5: concern all Americans.

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Speaker 2: Speaker Kevin McCarthy is bypassing a floor vote in the

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Speaker 2: House to move to an impeachment inquiry. Democratic Leader Hakim

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Speaker 2: Jeffries is critical of the move.

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Speaker 6: This is an illegitimate impeachment inquiry, period full stop.

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Speaker 2: New York Congressman HACKEM. Jeffries calls the inquiry a waste

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Speaker 2: of time and taxpayer dollars, and says House Democrats will

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Speaker 2: defend President Biden, of course.

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Speaker 3: Inflations in focus today Karen Is. The government issues the

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Speaker 3: August consumer price Index ahead of next week's FED meeting.

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Speaker 3: Bloomberg's Michael McKee has a preview.

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Speaker 7: Investors have already priced for a rise in headline inflation,

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Speaker 7: largely led by energy prices. The Fed can't effect those,

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Speaker 7: so there's no anticipation the CPI will lead to a

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Speaker 7: rate rise at next week's meeting. Instead, the focus will

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Speaker 7: be on the core inflation rate. It's forecast to drop,

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Speaker 7: suggesting the Central Bank is still making progress. Within the report, analysts,

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Speaker 7: we'll be looking primarily at housing prices rents. After a

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Speaker 7: long period pushing inflation up, they are expected to decelerate.

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Speaker 7: Michael McKee, Bloomberg Radio.

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Speaker 3: All right, Mike, thank you. We get the August CPI

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Speaker 3: eight thirty am. Wall Street Time, follow of Bloomberg Radio

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Speaker 3: and Television all morning for full coverage.

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Speaker 2: All right, Nathan, thank you. Market's also reacting to the

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Speaker 2: tech sector this morning, specifically Apple's long awaited iPhone release.

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Speaker 2: The company is raising the price of the new promacs

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Speaker 2: by one hundred dollars as it looks to combat a

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Speaker 2: slow down in a smartphone sales and pressure from China,

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Speaker 2: which could expand its ban on iPhone use by government employees.

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Speaker 2: This morning, the Chinese government claimed it's noticed some security

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Speaker 2: incidents involving iPhones. Apple shares fell almost two percent after

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Speaker 2: yesterday's unveiling and checking Apple and the pre market, it's

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Speaker 2: down a third of five percent this morning.

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Speaker 3: We're keeping an eye on economics overseas, Karen. The UK

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Speaker 3: economy shrink at its fastest pace in seven months ahead

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Speaker 3: of next week's Bank of England decision. Bloomberg's Ewan Pots

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Speaker 3: joins us from London with more.

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Speaker 8: Good morning, Ewan, Good morning, Nathan, and Karen wet weather

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Speaker 8: and striking workers. Those are two of the factors behind

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Speaker 8: July's disappointing economic data. UK GDP shrank by five tenths

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Speaker 8: of one percent on the month. Combined with yesterday's data

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Speaker 8: showing a rise in unemployment, Today's damp GDP reading is

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Speaker 8: another sign the UK economy is losing steam now in

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Speaker 8: the face of those shop increase in boring costs. In London,

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Speaker 8: I'm you in pots Bloomberg.

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Speaker 2: Radio, All right, Ewen, thank you. Here in the US,

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Speaker 2: we've been following a lot of activity in the IPO

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Speaker 2: space from companies like Armholdings and Instant Card. In this morning,

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Speaker 2: we're following a European company, Birkinstock, filing for an initial

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Speaker 2: public offering in the US. Bloombergs Charlie Pellett has that story.

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Speaker 9: It is another sign of the allure that American equity

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Speaker 9: markets hold for European firms seeking a valuation uplift. The

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Speaker 9: German footwear maker plans to listed shares on the New

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Speaker 9: York Stock Exchange under the symbol BIO. Bloomberg News was

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Speaker 9: previously reported, but the IPO could value Birkenstock at more

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Speaker 9: than eight billion dollars. Goldman Sachs, JP, Morgan Chase and

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Speaker 9: Morgan Stanley are leading the offering in New York. Charlie

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Speaker 9: Pellett Bloomberg Radio.

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Speaker 3: Okay, Charlie, thank you, And speaking of that arm IPO,

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Speaker 3: it's set the price. After the closing belt today, investors

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Speaker 3: are watching to see how arms owner SoftBank fairs and

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Speaker 3: what's set to be the largest listing of the year.

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Speaker 3: Investors are also waiting to see if the IPO helps

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Speaker 3: to reignite equity capital markets well.

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Speaker 2: Also this morning, Nathan, we're following two natural disasters in

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Speaker 2: North Africa. Search efforts intensified after a storm of ravaged

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Speaker 2: Libya's eastern region, killed around two thousand people on that

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Speaker 2: many more missing. Meanwhile, in Morocco, close to three thousand

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Speaker 2: people have been killed following the nation's most powerful earthquake

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Speaker 2: in a century. Last ditch search efforts continue to look

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Speaker 2: for survivors after the earthquake struck late last week.

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Speaker 3: In staying overseas, Karen, we're monitoring the meeting between Russian

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Speaker 3: President Vladimir Putin North Korean leader Kim Jong un. They

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Speaker 3: held talks today at a Russian space center. As Russia

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Speaker 3: seeks military support for its invasion of Ukraine. Russian state

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Speaker 3: media say the one on one talks have concluded. It

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Speaker 3: marks the first summit between the heads of state in

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Speaker 3: four years.

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Speaker 2: And this morning, Nathan A. Stanford has topped Business Weeks

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Speaker 2: be a school ranking for the fifth straight year, and

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Speaker 2: every year a Bloomberg survey students, alumni and employers to

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Speaker 2: rate the best business schools and NBA programs around the world.

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Speaker 2: Running at the top five are the University of Chicago, Dartmouth,

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Speaker 2: and Virginia and a tie for third and Columbia Business

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Speaker 2: School is at number five.

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Speaker 3: All right, Karen, Thanks, it is time to take a

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Speaker 3: look at some of the other stories making news around

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Speaker 3: the world. For that, we're joined by Bloomberg's Michael Barr.

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Speaker 6: Good morning, Michael, Good morning. Nathan Moore on the disaster

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Speaker 6: in Libya. A major storm unleashed devastating floods, with thousands

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Speaker 6: feared dead. Two dams failed in the coastal city of Durnham.

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Speaker 6: The rushing waters gouged a path where neighborhoods once stood.

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Speaker 6: More than five thousand are feared dead, and there are

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Speaker 6: concerns that as many as ten thousand could be missing.

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Speaker 6: Five former Memphis police officers are now facing federal civil

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Speaker 6: rights charges and the beating death of Tyree Nichols. The

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Speaker 6: new charges come nine months after officers were recorded on

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Speaker 6: video beating Nichols during a traffic stop near his Memphis home.

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Speaker 6: Civil rights attorney Van Crump, who is representing nicholls family,

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Speaker 6: says they will go to Washington to call for police

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Speaker 6: reform legislation. How many more hashtas?

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Speaker 10: How many more black people have to die necessarily for

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Speaker 10: we say that America we.

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Speaker 6: Need police reform. Nichols died at a hospital three days

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Speaker 6: after the beating. Senators will be meeting behind closed doors

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Speaker 6: today with the nation's top tech leaders. Bloomberg's Nancy Lyons

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Speaker 6: reports the issue will be on artificial intelligence.

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Speaker 11: The senators are hoping to learn more about the emerging

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Speaker 11: technology and how to set up safeguards. Senator Mark Warner

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Speaker 11: of Virginia tells bloomber Sound On they need to face

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Speaker 11: any potential threats early in the process.

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Speaker 12: There is a real sense that what we cannot do

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Speaker 12: is simply what we did with social media, which was

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Speaker 12: basically to say to the tech community, you guys, go

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Speaker 12: figure this out, and we'll try to come in and

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Speaker 12: put rules in after the fact.

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Speaker 11: This event is the first in a nine part series

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Speaker 11: of AI forums focused on promoting innovation, national security, and privacy.

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Speaker 11: In Washington, Nancy Lyons Bloomberg Radio.

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Speaker 6: COVID nineteen boosters formulated to protect against newer strains of

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Speaker 6: the virus, will be available in the US after the

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Speaker 6: Centers for Disease Control and Prevention signed off on their rollout.

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Speaker 6: CDC director Mandy.

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Speaker 2: Cohen, it's to protect you from the serious consequences that

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Speaker 2: this virus still can have.

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Speaker 6: Shots from Moderna and Fizer Buyintech are expected to be

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Speaker 6: available by the end of the week. The story now

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Speaker 6: on sinus medications that have been on the market for decades.

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Speaker 6: An FDA advisory committee found over the counter oral pe

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Speaker 6: does not alleviate nasal congestion anymore than a placebo. Doctors

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Speaker 6: taking oral pe is not harmful, but proves to be

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Speaker 6: ineffective because it's processed by the body before it reaches

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Speaker 6: the nasal passages. Global News twenty four hours a day,

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Speaker 6: powered by more than twenty seven one hundred journalists analysts

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Speaker 6: in over one hundred twenty countries. I'm Michael Barr. This

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Speaker 6: is Bloomberg Naked.

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Speaker 13: All right, Michael.

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Speaker 3: Thanks Now you can get the latest news whenever you

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Speaker 3: want it with Bloomberg News Now top stories from our

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Speaker 3: global team of reporters at the click of a button.

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Speaker 3: Get Bloomberg News Now on the Bloomberg Business App, Bloomberg

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Speaker 3: dot com, and anywhere you get your podcasts. Time now

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Speaker 3: for the Bloomberg Sports Update with John stepshowing, Thanks.

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Speaker 13: Nith, and the Aaron Rodgers season ending Achilles injury leaves

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Speaker 13: a couple of questions. Is Rogers already thirty nine years old,

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Speaker 13: willing to go through what would be a strenuous reab

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Speaker 13: to get ready to play next season. I'm more pressing

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Speaker 13: what happens now. Jets coach Rob Saala insists this is

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Speaker 13: now Zach will Nelson's team, but he hasn't looked good

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Speaker 13: the last two seasons. They definitely need another quarterback. Will

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Speaker 13: they trade for a current backup or sign a currently

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Speaker 13: unemployed QB like a Carson Wentz or Joe Flacco who's

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Speaker 13: been a Jet the last three season. Jets are one

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Speaker 13: and oh salas certainly not giving up.

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Speaker 14: I don't know why people are trying to put an

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Speaker 14: obituary under our team name. You know, it's Aaron is

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Speaker 14: an unbelievable piece to this whole thing, and we love them.

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Speaker 14: But I think there's fifty two other guys in the

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Speaker 14: locker room, plus the sixteen part squad, guys that believe

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Speaker 14: that we can do a hell of a lot of

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Speaker 14: good things here.

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Speaker 13: Jets play Sunday in Dallas and Boston, double letter sweet

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Speaker 13: for the Yankees. Got solid pitching in both ends one

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Speaker 13: three to two and four to one, and the Nightcap.

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Speaker 13: Yanks used four relievers, all of whom are in the

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Speaker 13: minors most of the season, and they threw four scoreless

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Speaker 13: innings eleven only two bits Yanks are back over five hundred.

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Speaker 13: They're tied with the Socks, trying to avoid finishing last.

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Speaker 13: At Cityfield, metsbeat Arizona seven to four. They had thirteen hits,

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Speaker 13: three home runs, including number forty four for Fee Alonzo,

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Speaker 13: Atlanta's first base with Matt Olson hit his fifty first time.

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Speaker 9: The Braves record Mats. Meanwhile, I have a new boss.

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Speaker 13: In a move that had been long expected, They've hired

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Speaker 13: thirty eight year old New York native David Stearns to

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Speaker 13: be President of baseball Operations. At the job, he previously

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Speaker 13: had in Milwaukee. Sterns grew up a Mets fan from

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Speaker 13: Tanna's former World number one Simona Hallups suspended for four

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Speaker 13: years for pd US Johns dashewe Bloomberg.

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Speaker 10: Sports from coast to coast, from New York to San Francisco,

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Speaker 10: Boston to Washington, DC, nationwide on sirisxam, the Bloomberg Business

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Speaker 10: app in Bloomberg dot Com.

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Speaker 9: This is Bloomberg Daybreak. Good morning.

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Speaker 3: I'm Nathan Hager. It is a fight that the White

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Speaker 3: House says is threatening military readiness, but Republican Senator Tommy

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Speaker 3: Tubberville of Alabama says he will continue to block hundreds

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Speaker 3: of military promotions unless the Biden administration abolishes its new

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Speaker 3: abortion policy and the Senate votes on it. He spoke

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Speaker 3: with Joe Matthew and Anrey Hordn on Bloomberg's balance of power.

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Speaker 5: I truly believe in our national offense. We don't have

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Speaker 5: a great national offense. We don't have anything, so that

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Speaker 5: being said. On the Armed Services Committee, I got a

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Speaker 5: briefing about a year ago what they were going to

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Speaker 5: do with the new abortion policy. We didn't need one.

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Speaker 5: It worked perfect. They never had one complaint. We've had

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Speaker 5: one since nineteen eighty four. Joe Biden and the Democrats

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Speaker 5: voted a policy in that had the three exceptions and

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Speaker 5: it worked perfectly, but they just decided to change it.

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Speaker 10: Now.

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Speaker 5: They voted it through Congress in the eighty four, but

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Speaker 5: in twenty twenty three they want to change it with

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Speaker 5: a memo from the White House. We're not a communist country.

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Speaker 5: Everything this made policy and law goes through Congress. And

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Speaker 5: I told them that if you change it, I'm going

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Speaker 5: to block your admirals and generals. Well at that time

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Speaker 5: there was one or two. Now we're up to three hundred.

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Speaker 5: I think they're starting to believe me that I meant

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Speaker 5: what I said. And again, they could be clearing these

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Speaker 5: nominations one at a time, two hours each. They don't

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Speaker 5: want to do that. Democrats have not been told no

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Speaker 5: since they've been up here for two and a half

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Speaker 5: almost three years, since the President Biden was elected, and

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Speaker 5: now they can't handle it. But we're not going to

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Speaker 5: have any movement on my side unless they change this

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Speaker 5: back and let's vote on it. Let's just vote on

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Speaker 5: it and if it passes. If it passes, it doesn't, it.

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Speaker 15: Doesn't, So just to be clear, Senator, you want Chuck

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Speaker 15: Schumer to bring legislation ending the Pentagon's policy to the floor.

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Speaker 15: Do you want to see the nominees brought to the floor.

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Speaker 15: How do you see across the valley on us.

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Speaker 5: Well, if you want to get them all done at

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Speaker 5: one time, all they have to do is put the

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Speaker 5: policy back the way it was, the way it was

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Speaker 5: was voted on here in the Senate, everybody by everybody's

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Speaker 5: represented it, sign in a White House, and then move

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Speaker 5: it back and then whatever they want to change it to,

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Speaker 5: send it over and let us vote on it. If

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Speaker 5: it passes, pass it fine, If it doesn't it fine,

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Speaker 5: But the deal is holes would be off. That's all

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Speaker 5: they have to do is do the policy the right way.

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Speaker 5: But they don't want to do that. They want to dictate,

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Speaker 5: you know, to us what they're going to do because

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Speaker 5: again they think they can do it because they they've

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Speaker 5: ran righted everything through for the last three years. And

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Speaker 5: I'm not going to stand for it. The American people

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Speaker 5: and the people Alabama deserve representation, vote on this. That's

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Speaker 5: what this country is about.

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Speaker 2: Sir.

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Speaker 16: Have you been okay with for the past years decades

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Speaker 16: your genital concerns are one of the top reasons why

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Speaker 16: women who are fighting overseas happy get evacuated back to

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Speaker 16: United States, which could cost up to ten thousand dollars.

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Speaker 16: A lot of that has to do with reproductive care.

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Speaker 16: That's US taxpayer dollars as well. Are you okay with

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Speaker 16: that policy?

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Speaker 5: Like I said, we've had a policy what since nineteen

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Speaker 5: eighty four, there has not been one complaint from anybody

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Speaker 5: about how it's been done, taken care of. There have

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Speaker 5: been abortions, but now, unfortunately it just happened after Row

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Speaker 5: Wade and President Biden and his group said well, we

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Speaker 5: can't handle what's going back to the States, but we

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Speaker 5: can handle federal employees. Now we got a briefing on this.

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Speaker 5: They couldn't give us the stipulations on this, whether you

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Speaker 5: know it's going to be late term abortion where there's

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Speaker 5: be the three exceptions. They have no clue of what

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Speaker 5: this policy is. They just wanted to change it to

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Speaker 5: let the American people know, hey, we can do what

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Speaker 5: we want to and I'm not going to allow them

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Speaker 5: to do it.

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Speaker 15: Getting back to the issue of military families, while you're

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Speaker 15: still with us here, Senator, those who are living in

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Speaker 15: temporary housing and in some cases going without pay increases

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Speaker 15: that their families were counting on, because that, of course

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Speaker 15: hinges on confirmation. What is your message today to our

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Speaker 15: viewers and specifically the more than thirteen thousand active duty

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Speaker 15: service members in your state, many of them with families.

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Speaker 15: Is this simply the cost of enlisting in today's military.

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Speaker 5: Yeah, we need better house and I'll tell you that,

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Speaker 5: and we work every day to try to get better housing.

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Speaker 6: We pass some.

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Speaker 5: Bills to build better housing. On some of these bags.

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Speaker 15: They can't get into that housing without a confirmation.

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Speaker 5: Right, It just depends. Now we're talking about three hundred people.

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Speaker 5: We're not talking about the other one point five million

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Speaker 5: of our military personnel that actually do the work.

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Speaker 14: Not the generals and admirals.

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Speaker 5: They live in taj Mahal's, they have these big f

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Speaker 5: offices over to Pentagon, driving around in black SUVs with

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Speaker 5: an entourage. I'm not talking about the corporals and lieutenants

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Speaker 5: and the colonels and the majors, the people that actually

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Speaker 5: do the readiness. These people here in the Pentagon, I mean,

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Speaker 5: there are a lot of them running around here that

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Speaker 5: they got real cushy jobs. I'm ready to get maybe

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Speaker 5: not get rid of some generals. We have forty four

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Speaker 5: four star generals. Won't you think about that for one

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Speaker 5: point five million troops. In World War Two we had

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Speaker 5: twelve million troops and we had seven four star generals.

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Speaker 5: It makes no sense. We are top heavy here. But

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Speaker 5: again that's not the problem. And the problem here is

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Speaker 5: Chuck Schumer refuses to do what's right and bring these

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Speaker 5: people to the floor and confirm them. And again, we

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Speaker 5: could have had this already done if they had to

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Speaker 5: have been hard headed and say we want our way

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Speaker 5: or we're not going to do it. And so it

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Speaker 5: is what it is. And again everybody's wanting finger at me.

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Speaker 5: Chuck Schumer is at faultier. He is the guy, the

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Speaker 5: leader that's supposed to be running the Senate, and he's

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Speaker 5: doing a poor job of it.

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