Speaker 1: Live from the Bloomberg Interacted Burger Studios. This is Bloomberg
Speaker 1: Daybreak for Friday, April twenty two. Coming up this hour,
Speaker 1: the US sends another one point three billion dollars in
Speaker 1: aid to Ukraine. Fetch here. J Powell rattles the markets,
Speaker 1: hinting two half point rate heis may be needed. And
Speaker 1: new developments this morning in Elon Musk's pursuit of Twitter
Speaker 1: war on the arrest of a man and the murder
Speaker 1: of a queen's woman. Plus Florida's legislature approves a measure
Speaker 1: to take away disney self governance privileges. Michael Barr More ahead,
Speaker 1: I'm down stage there. In sports, the Mets one of
Speaker 1: the Yankees were shut out, the Rangers beat the Islanders
Speaker 1: on the road. Teams one in the NBA playoffs. That's
Speaker 1: all straight ahead on Bloomberg Daybreak on Bloomberg Eleventory on
Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one or
Speaker 1: six one, Boston, Bloomberg nine six, San Francisco, Sirius x
Speaker 1: M one nine team and around the world on Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business add And
Speaker 1: good morning. I'm far at Moscow. I'm Nathan Hagar. Bloomberg
Speaker 1: Daybreak is brought to you by B and Y Melons.
Speaker 1: Pershing learned why the world's most sophisticated wealth management and
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Speaker 1: Com and U Stock Index futures are lower this morning
Speaker 1: six oh one on Wall Street. We check the markets
Speaker 1: every fifteen minutes throughout the trading day on Bloomberg S
Speaker 1: and P futures down sixteen boys down, futures down, WAE
Speaker 1: NAS day futures down fifties seven, the decks in Germany's
Speaker 1: down one point nine percent, and the tenure treasury down
Speaker 1: eight thirty seconds held two point nine four percent. Nathan,
Speaker 1: all right, Karen, we'll have more on the markets in
Speaker 1: a minute. First, the latest on the war in Ukraine.
Speaker 1: The US is sending another one point three billion dollars
Speaker 1: in aid, eight hundred million of that will be weapons,
Speaker 1: including so called ghost drones. We get the latest from Bloomberg,
Speaker 1: said Baxter. Pentagon's spokesman John Kirby says ghosts will work
Speaker 1: well in Ukraine. In discussions with the Ukrainians again about
Speaker 1: their requirements. We believed that this particular system would very
Speaker 1: nicely suit um their needs, particularly in eastern Ukraine. And
Speaker 1: President Biden says the military help is very large. The
Speaker 1: United States alone has provided ten anti armor systems for
Speaker 1: every one Russian tank that's in Ukraine. Biden says help
Speaker 1: is on the way. In San Francisco, I'm at Baxter
Speaker 1: Bloomberg Daybreak, all right, and thank you by those so
Speaker 1: called ghost drones could be enough to take out a
Speaker 1: massive tank assault by Russia. That's according to retired Brigadier
Speaker 1: General Mark Kimmet, but he says Ukraine still needs more.
Speaker 1: We may be over selling the capabilities of the artillery
Speaker 1: that we're sending in. That much artillery and that much
Speaker 1: ammunition is great, but it's not a silver bullet and
Speaker 1: it's not going to change the tide of the war.
Speaker 1: And retired General Mark Kimmitt spoke to our Washington corresponded
Speaker 1: Joe Matthew on bloom Burry Sound on if you can
Speaker 1: catch the program weekdays at find pm Eastern on Bloomberg Radio.
Speaker 1: And we also kind up with former Secretary of State
Speaker 1: John Kerry. He said the US and its allies have
Speaker 1: provided significant support. I think the reinforcement of efforts in
Speaker 1: the Baltics. I think the movement by Finland and Sweden
Speaker 1: to consider being a pardonato, etcetera. All of those are
Speaker 1: very important measures, and hopefully we can do it in
Speaker 1: a way that still gives President Putin an off rant.
Speaker 1: And John Kerry, now Special Presidential Envoy for a Climate
Speaker 1: spoke with Bloomberg Television from the m i T Climate
Speaker 1: Grand Challenges event in Boston. Speaking of Climate Karen. Today
Speaker 1: is Earth Day and President Biden is using it to
Speaker 1: issue an executive order protecting old growth forests. Amy Morris
Speaker 1: has details from our Bloomberg news room in Washington. The
Speaker 1: federal government will inventory the old growth forests on federal lands,
Speaker 1: analyze the threats, and create policies to reduce those risks.
Speaker 1: Last year's infrastructure bill allocated eight billion dollars in forest
Speaker 1: and land management funds, plus another five point seven billion
Speaker 1: for wildfuyer management. This work will help them decide how
Speaker 1: best to spend that money. It will also require the
Speaker 1: government to increase seed collection and nursery capacity for replanting.
Speaker 1: After a wildfire in Washington. I'm maybe more as Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you about turning to the economy. Now,
Speaker 1: FED chair J. Powell is outlined his most aggressive approach
Speaker 1: to taming inflation to date. He has potentially endorsed two
Speaker 1: or more half percentage point interest rate increases. It is
Speaker 1: appropriate in my view to be moving a little more quickly,
Speaker 1: and I also I also think there's something in the
Speaker 1: idea of front end loading whatever accommodation one thinks is appropriate.
Speaker 1: So so that does point points in the direction of
Speaker 1: of fifty basis points being on the table. Certainly, we
Speaker 1: make these decisions at the meeting and will make a
Speaker 1: meeting by meeting, but I would say that fifty basis
Speaker 1: points will be on the table for the main meeting,
Speaker 1: and J. Powell and the FED make their interest rate
Speaker 1: decision on May fourth. Well, that hawk is tone from
Speaker 1: Chairman Powell. Karen sent ripples through markets of policy sensitive
Speaker 1: two year yield climbed to its highest level since late
Speaker 1: The NASAC wiped out an early two percent gain yesterday
Speaker 1: to drop two percent. The SMP five hundred felt one
Speaker 1: and a half percent. Amanda Gotti, chief investment officer PNC
Speaker 1: Asset Management, says the FED is spooking investors. The one
Speaker 1: thing that keeps me up at night more than anything
Speaker 1: else is that the FED is fighting effectively the wrong battle.
Speaker 1: That is, they end up tightening policy, whether in the
Speaker 1: form of interest rate increases or q T way too
Speaker 1: aggressively to the point where that's what flows growth meetings.
Speaker 1: Le p NC Asset Management Chief Investment Officer Amanda Gotti
Speaker 1: made the comments on Bloomberg Business Week. Catch the program
Speaker 1: on Bloomberg Radio Week the afternoons from two to five pm,
Speaker 1: All Street Time. Sorry Nathan, thank you. And the yen
Speaker 1: is little change this morning. The move comes after the
Speaker 1: Finance Minister of Japan said he discussed recent abrupt moves
Speaker 1: in the currency, which Treasury Secretary Janet Yellen. He said
Speaker 1: the two agreed to uphold existing foreign exchange rate agreements.
Speaker 1: And I'll talk live later this morning on Janet Yellen
Speaker 1: or with Janet Yellen rather, that's coming up at eleven
Speaker 1: thirty am. Wall Straight Time on both Bloomberg Radio and
Speaker 1: television turned into corporate news. Karen elon Musk's attempt to
Speaker 1: buy Twitter has gotten a lot more real. Let's get
Speaker 1: the details on that live from Bloomberg. Jranita Young. Good morning, Granita,
Speaker 1: Good morning. Nathan Elon. Musk said last week that fifty
Speaker 1: four dollars and twenty cents a share was his best
Speaker 1: and final offer to take Twitter private. Financing was not
Speaker 1: spelled out then, and it was hard to tell whether
Speaker 1: Musk would follow through with the offer until yesterday, when
Speaker 1: Musk announced in a filing that he secured forty six
Speaker 1: point five billion dollars in funding. About twenty six billion
Speaker 1: of that would be debt financing for Morgan Stanley and
Speaker 1: other investment banks, and Musk is contributing twenty one billion
Speaker 1: of his own money through equity financing. Bloomberg calculations show
Speaker 1: the financing Musk secured is about nine billion dollars more
Speaker 1: than what he would need to acquire thee of Twitter
Speaker 1: that he does not already own, and it signals that
Speaker 1: he might go higher. Live in New York. I'm Ranita Young,
Speaker 1: Bloomberg dayper Okay, Nita, Thanks, and France has issued an
Speaker 1: international arrest warrant for the former head of Nissan and Renault,
Speaker 1: Carlos Gone. Four others are also being sought for allegedly
Speaker 1: helping Going siphon millions from Renault. Gonel lives in Lebanon
Speaker 1: after a daring escape from Japan, where he faced charges
Speaker 1: of financial wrongdoing. You're listening to Bloomberg Daybreak and it's
Speaker 1: down six oh seven on Wall Street for in fifty
Speaker 1: two degrees in Central Park. Still dealing with the accident
Speaker 1: on the South under Jersey Turnpike near exit nine. Details
Speaker 1: come up in traffic. First Michael bar with more on
Speaker 1: what's going on in New York and around the world.
Speaker 1: Come morning, Michael, Good Morning. Nathan. A man arrested in
Speaker 1: the stabbing death of the Queen's mother, was reigned Late
Speaker 1: last night. Rsilia Gal was found stuffed into a duffel
Speaker 1: bag blocks from her home in Forest Hills after she
Speaker 1: was snabbed almost sixty times. N Y p DS Chief
Speaker 1: of Detective James Essex says the suspect, David Benola, and
Speaker 1: the victim, had an intimate relationship for over a year
Speaker 1: and had an argument at Gal's home centered a night.
Speaker 1: A heated argument ensues between the two in the basement,
Speaker 1: a knife is brandished, A violent struggle ensues, resulting in
Speaker 1: all victim being stabbed. Chief Essex says Manola, described as
Speaker 1: a handyman, faces charges of second degree murder, criminal tampering,
Speaker 1: and possession of a weapon. A panel of New York
Speaker 1: appellate judges rule that state Democrats engaged in gerrymandering in
Speaker 1: drawing new congressional district boundaries for the next decade. If upheld,
Speaker 1: ruling would block the use of those district lines for
Speaker 1: the upcoming midterm elections in November. Florida's Republican controlled legislature
Speaker 1: has clear to measure to strip Disney of itself governance
Speaker 1: privileges in the state. The House approved the bility yesterday.
Speaker 1: Disney criticized the law. Critics called that don't say gave measure.
Speaker 1: The move could have huge tax implications for Disney and
Speaker 1: the counties that would take over Disney's political space. Florida
Speaker 1: Republican House Speaker Chris browns, I've long been a believer
Speaker 1: on these special taxing districts, whether it's Disney or others,
Speaker 1: that we need to look at them, that they are
Speaker 1: a subterranean state of unaccountability, and we need to draw
Speaker 1: attention to them. And that's what we did here this week.
Speaker 1: Speaker Sprowl says it was passed by the Senate on
Speaker 1: Wednesday and now goes to Governor de Santis for a signature.
Speaker 1: House Republican leader Kevin McCarthy told other GOP lawmakers shortly
Speaker 1: after the January Capital Ryant that he would urge then
Speaker 1: President Donald Trump to resign. That's according to an audio
Speaker 1: recording posted by The New York Times. The Times reports
Speaker 1: that the audio is recording of a January tenth conversation
Speaker 1: among House GOP leaders in which they discussed the Democratic
Speaker 1: effort to remove Trump from office. Would have with him
Speaker 1: is that I think this will pass, and it will
Speaker 1: be by recommendation we should be done. Earlier yesterday, after
Speaker 1: The Times published its initial story describing the conversation, McCarthy
Speaker 1: released a statement calling it totally false and wrong. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quicktake, powered by more than journalists and now lost
Speaker 1: more than a d twenty countries. I'm Michael bar This
Speaker 1: is Bloomberg. Nathan. Thanks Michael. Almost six ten on Wall
Speaker 1: Street Time for the Bloomberg Sports Update with John ses
Speaker 1: all right, Nathan. Miguel Cabrera three hits Wednesday night. I
Speaker 1: got him to two thousand, nine hundred and ninety nine
Speaker 1: for his career. So a fairly decent crowd on hand
Speaker 1: for a Mattnee and Detroit chance to see Cabrera become
Speaker 1: the thirty third member of the three fas at hit club.
Speaker 1: He went over three against the Yankees. Jordan Montgomery had
Speaker 1: one more chance came up in the eighth inning with
Speaker 1: Detroit leading one and up being Aaron Brune walked Cabrera
Speaker 1: intentionally that loaded the basis to pop up shallow left center.
Speaker 1: Will it drop well? Two runs are in and Miguel
Speaker 1: Cabrera will make it over the third. Austin Meadows drops
Speaker 1: to pop up in the shadow left center to unscore
Speaker 1: the Tigers. Sick of three nothing, leading Tigers one three nothing,
Speaker 1: w x y t and Detroit had to call. Tiger
Speaker 1: fans voice their displeasure with Boone's decision. But the Tigers
Speaker 1: are home this weekend, so Cabrera should still be able
Speaker 1: to reach the milestone at home. Yankees come home. Now
Speaker 1: there's seven and six. They were shut out twice in
Speaker 1: their last four games, matter ten and four. They played
Speaker 1: fourth series they've won them all. Took three or four
Speaker 1: from the Giant six to one at Citi Field. Strong
Speaker 1: pitching from Carlos Carrasco. Home runs by Francisco Lindor and
Speaker 1: edwardo Escobar at the u B S Arena. What a
Speaker 1: first period for the Rangers. Andrew Coppa first period hat trick.
Speaker 1: Rangers beat the Islanders six to three, So they didn't
Speaker 1: get a fourth grade shutout, but they didn't get a
Speaker 1: fourth grade win and they were made time for first
Speaker 1: with Carolina. NBA Playoffs. Huge comeback by Memphis at Minnesota,
Speaker 1: actually two of them, trailed by twenty six, got it
Speaker 1: down to seven, went back behind by Grizzlies. Still want
Speaker 1: to lead the series to one. Dallas one at Utah
Speaker 1: for at two one series leading Golden State one at Denver,
Speaker 1: and the Warriors are up three games. Tonight, John stash
Speaker 1: Atward bloom Nathan Okay, John, thanks right now. SMP futures
Speaker 1: are down almost sixteen point STOU futures down a hundred
Speaker 1: twenty NASTACT futures are lower by fifty four points, so
Speaker 1: adding to the losses this morning, the ten your treasuries
Speaker 1: down seven thirty seconds right now, the yield two point nine.
Speaker 1: You're listening to Bloomberg Taber Bloomberg eleven three oh weather
Speaker 1: sunshine today with a hind your seventy degrees partly sunny,
Speaker 1: low sixties tomorrow, and we'll be near seventy on Sunday
Speaker 1: under a mix of sun and clouds. Right now, it's
Speaker 1: fifty two degrees in Central Park. Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business Out, and at Bloomberg Quick Tape, He's
Speaker 1: a Bloomberg business lash and I'm Karen Moscow. And US
Speaker 1: treasuries are tumbling US dot Index futures extending losses as
Speaker 1: investors way Federal Reserve chairs around Powell's willingness to embrace
Speaker 1: bigger rate highs. Earlier in the tightening cycle, we checked
Speaker 1: the markets every fifteen minutes throughout the trading day on Bloomberg.
Speaker 1: Right now is in p Futures are down fifteen points down.
Speaker 1: Futures down a hundred sixteen now's day, futures down fourty nine.
Speaker 1: The Dacks in Germany is down one point nine percent ten.
Speaker 1: Your treasury down six thirty seconds two point nine three percent.
Speaker 1: They yield on the two year two point seven five percent. Nine.
Speaker 1: Max Screwed oil is down one point nine percent at
Speaker 1: a dollar ninety four and a hundred one dollars eighty
Speaker 1: five cents of barrel comics. Gold is down a third
Speaker 1: of a percent, or six dollars fifty cents at nineteen
Speaker 1: forty one eight. Announce the Euro one point zero eight
Speaker 1: zero two against the dollar British found one point to
Speaker 1: eight seven two and the end is at one eight
Speaker 1: point four eight and Bitcoin this morning lower down six
Speaker 1: tenths percent at forty thousand, three hundred eighty dollars. And
Speaker 1: as if Bloomberg Business Flash, Now here's Michael Barb with
Speaker 1: more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. New satellite images show would appear
Speaker 1: to be mass graves near Maryuple in southern Ukraine. Local
Speaker 1: officials are accusing Russia burying up to nine thousand civilians
Speaker 1: there in an effort to con seal the slaughter taking
Speaker 1: place in the siege of the ports city Philadelphia, health
Speaker 1: officials say they're ending the city's indoor masked man date
Speaker 1: abruptly withs and course, just days after people in the
Speaker 1: city had to start wearing masks again. In the NBA Playoffs,
Speaker 1: the Warriors beat the Nuggets one eighteen, one thirteen to
Speaker 1: take a commanding three games the Zip lead in that series.
Speaker 1: In MLB, the Yankees, Red Sox Nationals lost, The Mets
Speaker 1: beat the Giant six to the A's beat the Oriole
Speaker 1: six four. In the NHL, the Rangers beat the Islanders
Speaker 1: six three, the Devil's and Bruins lost. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Tank,
Speaker 1: powered by more than twenty seven hundred journalists analysts more
Speaker 1: than a hundred twenty countries. I'm Michael Barr, and this
Speaker 1: is Bloomberg Nathan by Michael. Thank you. It's six nineteen
Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg day Break. We want to take a
Speaker 1: minute now to focus on the pandemic because we have
Speaker 1: seen a lot of movement this week when it comes
Speaker 1: to mask mandates. The b A two sub variant continues
Speaker 1: to drive case counts higher in much of this country,
Speaker 1: and of course there's been a dramatic lockdown in Asia.
Speaker 1: Andy Heckos is back with us this morning, professor of
Speaker 1: molecular microbiology and Immunology at the Johns Hopkins Bloomberg School
Speaker 1: of Public Health. Doctor, It's good to have you back
Speaker 1: on with US, and I want to pick up on
Speaker 1: the story that Michael just mentioned their Philadelphia reversing its
Speaker 1: mask mandate after just a couple of days. And of
Speaker 1: course we've seen the legal fight over the mandate on
Speaker 1: public transit. I wonder what how it affects the fight
Speaker 1: against the pandemic when you have sort of these shifting mandates,
Speaker 1: shifting guidance on whether we even need to wear masks
Speaker 1: at this point. Yeah, this is let's start with the
Speaker 1: court ruling. I think it's very unfortunate that the court
Speaker 1: would come in and try to sort of gut a
Speaker 1: public health law which was really in place to give
Speaker 1: powers to prevent infectious diseases. And it sounded like there
Speaker 1: were some semantic works that were being used there to
Speaker 1: really sort of make this major decision as to what
Speaker 1: the government can do in terms of public health interventions.
Speaker 1: Now that even that we are in a different place
Speaker 1: in this pandemic, we're seeing some cases increase in parts
Speaker 1: of the country, others not increasing. Overall, we're at a
Speaker 1: very low place, so we are at the stage of
Speaker 1: this response where we could consider lifting some public health interventions.
Speaker 1: You know, the problem really becomes public health doesn't want
Speaker 1: to remove interventions too early. They need to instill them
Speaker 1: early though if there is a surge. And so we're
Speaker 1: in this gray area now where different public health individuals
Speaker 1: are making their calls based on local um UH conditions,
Speaker 1: and sometimes those calls are not black and white. Are
Speaker 1: we in a gray area when it comes to where
Speaker 1: the pandemic could go at this point because it seems
Speaker 1: like the case counsel they may be going up. Hospitalizations
Speaker 1: are either holding steady or still falling at this point
Speaker 1: is not going to continue to be the case absolutely,
Speaker 1: and I think this is the most critical thing that
Speaker 1: we want to keep keep an eye on for the
Speaker 1: next couple of weeks. If we continue to stay in
Speaker 1: this area where case numbers might be increasing at relatively
Speaker 1: low rates, to hospitalization stay low, and I think we're
Speaker 1: in a place where we can really sort of continue
Speaker 1: to relax public health interventions and be able to deal
Speaker 1: with the case numbers through perhaps increased vaccination and also
Speaker 1: UH the use of anti virals for individuals we do
Speaker 1: get sick. So this is a really critical time for monitoring.
Speaker 1: It's hard to protect the future even two or three
Speaker 1: weeks away. But things are looking good and and I'm
Speaker 1: optimistic that we're at a stage where we might be
Speaker 1: seeing a real change in how we deal with the pandemic.
Speaker 1: Will we be able to continue with that kind of
Speaker 1: stance if we don't get further COVID mitigation funding on
Speaker 1: Capitol Hill. We're getting Congress coming back next week, and
Speaker 1: I imagine there's going to be a pretty quick debate
Speaker 1: on how to get those funds unlocked, How are they needed,
Speaker 1: what will those funds do in terms of the fight.
Speaker 1: This funding is absolutely critical to maintain our prepara preparedness
Speaker 1: UH to deal with this pandemic. You know, it's funding testing,
Speaker 1: it's funding anti virals, it's funding vaccines. These are the
Speaker 1: things that we can't forget about, even if we are
Speaker 1: going to relieve our public health interventions. To have the
Speaker 1: testing capacity, we need to be able to give people
Speaker 1: antivirals quickly, and we need to give people vaccines as needed,
Speaker 1: as quickly as possible, and so we can relieve public
Speaker 1: health interventions. But this funding is important for those sort
Speaker 1: of baseline things that have to be done going forward,
Speaker 1: so we can maintain our preparedness for a potential surge.
Speaker 1: Although we hope that we won't be seeing more large surges.
Speaker 1: Only about thirty seconds left here, doctor, how do you
Speaker 1: see the pandemic at this point? Is covid endemic now?
Speaker 1: Is it a seasonal virus? How do you look at it? Yeah,
Speaker 1: we we we know it's going to be endemic. There's
Speaker 1: no way we will get rid of uh COVID nineteen.
Speaker 1: What we really are thinking about now is we don't
Speaker 1: want people to think that it's a minor threat because
Speaker 1: it's still causes some serious disease. We can deal with it.
Speaker 1: We have the tools to deal with We just have
Speaker 1: to use those tools efficiently now to maintain where we are.
Speaker 1: Thank you, Dr good having you on back with us.
Speaker 1: Dr Andy Peckosh, Professor of molecular microbiology and Immunology at
Speaker 1: the Johns Hopkins Bloomberg School of Public Health, which is
Speaker 1: supported by Michael Bloomberg. He's the founder and majority owner
Speaker 1: of Bloomberg LP, the parent company of Bloomberg Radio. Right now,
Speaker 1: SP futures down fifteen points, STAFF futures down one, NAZDAC
Speaker 1: futures down forty nine points, the tenure treasury down six
Speaker 1: thirty seconds, the yield two point nine three percent. The
Speaker 1: yield on the two year. Right now just shy of
Speaker 1: two point seven six. You're listening to Bloomberg Daybreak Bloomberg
Speaker 1: eleven three oh weather sunshine with a high close to
Speaker 1: seventy today, low sixties, partly sunny tomorrow, while have a
Speaker 1: mix of sun and clouds in the high near seventy
Speaker 1: on Sunday right now fifty three degrees in Central Park.
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Loving Freedom to Washington, d C, Bloomberg to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg nine
Speaker 1: sixty to the Country, Sirius XM to the one nine ten,
Speaker 1: and around the globe, the Bloomberg Business apt and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg Daybreak and it's six
Speaker 1: thirty on Wall Street. Good morning. I'm Nathan Hagar and
Speaker 1: I'm Karen Moscow. We're just about three hours away from
Speaker 1: the open of US trading. Time for the five things
Speaker 1: you need to know to start your day, Brought to
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Speaker 1: Trader app. Deposit in your local currency and trade stocks
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Speaker 1: First President Biden announced the US will send another one
Speaker 1: point three billion dollars in additional a to Ukraine. Retired
Speaker 1: Brigadier General Mark Kimmitt tells Bloomberg's Joe Matthew that the
Speaker 1: ghost of Jernes the US is sending should help Ukraine
Speaker 1: fight Russia. If they do have the capability to send
Speaker 1: out the suicide drones, with enough command of control keeping
Speaker 1: an eye on all this area, those suicide drones could
Speaker 1: probably stop a pretty massive tank assault, which is, as
Speaker 1: I said, the biggest single reward about in that section.
Speaker 1: And retired Brigadier General Mark Kimmitt speaking with our Washington
Speaker 1: corresponded Joe Matthew on Bloomberg Sound on airing weekdays at
Speaker 1: five pm Eastern on Bloomberg Radio. Turning to the economy,
Speaker 1: Karen Fed Chair J Powell outlined the Federal reserves plan
Speaker 1: for taming inflation. Our goal is to is to is
Speaker 1: to get demand, use our tools to get demand and
Speaker 1: supplied back in sync so that inflation moves down and
Speaker 1: do so without a slowdown that amounts to a recession.
Speaker 1: That's our goal. And I don't think you'll hear anyone
Speaker 1: at the FED say that that's going to be straightforward
Speaker 1: or easy. FED sher J. Palell says a half percentage
Speaker 1: point hike is on the table at the f y
Speaker 1: MC meeting in May, and to markets now now is
Speaker 1: jack and SP futures are lower this morning. US treasuries
Speaker 1: are tumbling and the dollar rose to its highest level
Speaker 1: since July. Time. Bank of America says outflows from US
Speaker 1: equity funds are just getting started with the FED tightening.
Speaker 1: Strategist say in the week, grade investors pulled almost twenty
Speaker 1: billion dollars from large caps, the largest exit since February.
Speaker 1: We'll incorporate news Nathan Elon musk pursuit of Twitter continues.
Speaker 1: We get the latest line from Bloomberg's Ready Too Young,
Speaker 1: Good Morning Ready to Good Morning Care and Elon Musk
Speaker 1: said last week that fifty four dollars and twenty cents
Speaker 1: a share was his best and final offer to take
Speaker 1: Twitter private. It was unclear if Musk would follow through
Speaker 1: until yesterday, when he announced he secured forty six point
Speaker 1: five billion dollars in funding. Almost twenty six billion of
Speaker 1: that would be debt financing. For Morgan Stanley and other
Speaker 1: investment banks, and Musk is contributing twenty one billion of
Speaker 1: his own money through equity financing. Bloomberg calculations show the
Speaker 1: financing Musk secured is about nine billion dollars more than
Speaker 1: what he would need to acquire of Twitter he does
Speaker 1: not already own. Live in New York. I'm Rnita Young
Speaker 1: Bloomberg Daybreak A right, Brinita, thank you. That's the five
Speaker 1: things you need to notice start your day. Brought to
Speaker 1: you by Interactive Brokers. And it's now six thirty three
Speaker 1: on Wall Street fifty three degrees in Central Park. Got
Speaker 1: a new accident southbound Harlem River Drive at the Willis
Speaker 1: Avenue Bridge. Details coming up in Traffic. First Michael Barr
Speaker 1: with more on what's going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning. Nathan, a
Speaker 1: handyman who was arrested for killing a queen's wife and
Speaker 1: mother of two, made a late night court appearance. If
Speaker 1: it Banola is accused of stabbing or Sola Gal who's
Speaker 1: stabbed body was found in a Duffel bag last Saturday.
Speaker 1: In my p D Detective's Chief James mr Bonella is
Speaker 1: a handyman who was employed by Mrs Gal. They have
Speaker 1: been having an intimate affair for approximately two years. Chief
Speaker 1: Essex says a heated argument ensued between the two and
Speaker 1: the basement and Gali stabbed more than fifty times. On
Speaker 1: this Earth Day, a group of self proclaimed climate activists
Speaker 1: aimed to disrupt the distribution of The New York Times,
Speaker 1: accusing the publication of not doing enough to call attention
Speaker 1: to global warming. This woman was part of the standoff
Speaker 1: in College Point, Queens this morning. I would have with
Speaker 1: him is that I think this will pass and it
Speaker 1: will be my recommendation you should be done. That is
Speaker 1: a tape of Kevin McCarthy, my apologies. That is the
Speaker 1: tape of the House speaker, the or the minority House speaker,
Speaker 1: and he was talking about the latest involved and trying
Speaker 1: to get President Trump to resign. He denied the story
Speaker 1: at first, but then there was audio that said that
Speaker 1: he did so. Representative Marjorie Taylor Green of Georgia will
Speaker 1: be testifying under oath today and a legal challenge to
Speaker 1: remove her from next month's Republican Party primary. A group
Speaker 1: of voters as Green violated a provision in the fourteenth
Speaker 1: amendment that disqualifies any candidate for office if they are
Speaker 1: a member of an insurrection. Buying a piece of Hollywood
Speaker 1: history had crowds lining up around the Los Angeles home
Speaker 1: of the late Jeopardy host Alex Trebeck. Hundreds of Trebeck's
Speaker 1: items are on sale through Sunday. This man waited in
Speaker 1: line for two hours, but said the trip was well
Speaker 1: worth it. I got myself a nice little bottle of
Speaker 1: whiskey that I'm gonna tell s Alex trevec tonight when
Speaker 1: I watched Jeopardy. I got this lovely tie on one
Speaker 1: of his canes. But I tell you, most of the
Speaker 1: fun is just being at this house. Very cool. Some
Speaker 1: of the items included a director's chair with his name
Speaker 1: on it or Nate rud book sculptures, and autographed num
Speaker 1: Rebelia Global News twenty four hours a day on air
Speaker 1: and on Bloomberg Quicktake, powered by more than the journalists, analysts,
Speaker 1: more than a hundred twenty countries. Him Michael Barr, and
Speaker 1: this is Bloomberg. Nathan, Thanks Michael. Almost six thirty six
Speaker 1: on Wall Street, time for the Bloomberg Sports Update. Here again,
Speaker 1: it's John Stash, all right, Nathan Yankees were going for
Speaker 1: their first series suite for the season, but they failed
Speaker 1: to score against the x Yank Michael Pinata. The Detroit
Speaker 1: Polpen Tigers won three nothing. Yanks had a chance eighth,
Speaker 1: did ain't down one nothing, had the basis loaded one
Speaker 1: outfailed to score, and then bottom the eighth. The Tigers
Speaker 1: score twice as Austin Meadows Bloom did a two run double.
Speaker 1: Aaron Boom chose to walk Miguel Cabrera intentionally to pitch
Speaker 1: the Meadows. That infuriated Tiger fans who were there to
Speaker 1: see Cabrera get his three thousand career head. Here's Boom
Speaker 1: on the decision. It's a baseball call all the way,
Speaker 1: you know, but but there's no doubt that there's a
Speaker 1: little more like, you know, feeling to it right when
Speaker 1: you're you know, understanding the situation. So um, you know.
Speaker 1: But in the end, you gotta go with what you
Speaker 1: think is is right within the within the context of
Speaker 1: the game. Tigers are home this weekend, so Cabrera figures
Speaker 1: to still reach the milestone at home. Yankees come home
Speaker 1: now to play the Cleveland Guardians. Mets to play at
Speaker 1: Arizona tonight. They beat the Giants in City Fields six
Speaker 1: to two. Francisco Lindor continues his hot start. He had
Speaker 1: a just two thirty last season. Glendora's at three oh
Speaker 1: eight just in his fourth home out of the season.
Speaker 1: Another win for the Rangers, fourth row fifty feet of
Speaker 1: the season, six three over the Islanders as Andrew Copp
Speaker 1: had the hat trick before the first period was over.
Speaker 1: R Temmy Panner and assisted all all three later got another.
Speaker 1: He's got seventy three assist. Chris Cryder now has fifty
Speaker 1: one goals. NBA Playoffs. Three wins by road teams, Golden
Speaker 1: State at Denver for a three nothing series lead. Dallas
Speaker 1: wanted you tay to go up to one in Memphis,
Speaker 1: now up to one on Minnesota. The Grizzlies came from
Speaker 1: twenty six points down to win. John Stash Bloomberg Sports
Speaker 1: Nathan Okay, John thanks at six thirty seven on Wall Street.
Speaker 1: Time to take a look at some of the names
Speaker 1: moving in the pre market. For that, we're joined by
Speaker 1: Bloomberg Radio and TV Markets correspondent Crety Gupta, obviously created
Speaker 1: the broader market is focused on tighter talk from the FED,
Speaker 1: but some individual names are moving on earnings. This morning.
Speaker 1: Those earnings still coming out fast and furious, and I
Speaker 1: think to your point, Nathan, they're kind of taking a
Speaker 1: little bit of a backseat just given all of this
Speaker 1: kind of hawk ish talk that you're hearing anything to Moura,
Speaker 1: for example, time about seventy five basis points in the
Speaker 1: July meetings. It's wild, But you can't forget the earning
Speaker 1: story because this is really important when it comes to
Speaker 1: how much they can actually pass on some of the
Speaker 1: cost of consumers, how much they can rely on their
Speaker 1: cash cushion, and also how much they're growing in this
Speaker 1: inflationary environment. And that's where I think Snapchat is a
Speaker 1: really key stock to look at. S n a p
Speaker 1: s your taker down one point six percent this morning.
Speaker 1: Now this is important because they did miss their first
Speaker 1: quarter estimate, so naturally you're seeing a little bit of
Speaker 1: pressure in the stock, but they also had stronger user
Speaker 1: growth um And that being said, they al said the
Speaker 1: company CFOs that he believed the war in Ukraine would
Speaker 1: continue to impact marketing budget. Remember Snapchat, Twitter, Pinterest, they
Speaker 1: get their money from advertising ad spend, which is really
Speaker 1: dependent on cicklicality. How much kind of business investments are
Speaker 1: people willing to spend on marketing and things like that.
Speaker 1: So obviously the war Ukraine certainly pressuring that. But what
Speaker 1: it was also interesting is the analysts remain pretty positive.
Speaker 1: That's not reflecting in the stock yet, which is why
Speaker 1: you want to keep an eye on this Taker s
Speaker 1: n a p going into the open, because what they're
Speaker 1: saying is that, well, if they have stronger user growth
Speaker 1: in this inflationary, slowing growth environment in the background of
Speaker 1: the war in Ukraine, then that kind of means they
Speaker 1: could do better in an even better environment. So they're
Speaker 1: saying that these results aren't too bad. Once again, let's
Speaker 1: see if the stock market actually digests that. Now. I
Speaker 1: see you're keeping an eye on Gap as well. Of course,
Speaker 1: they reported earnings and the inflation picture is very important
Speaker 1: for their outlook as well. Yeah, the worst performer this
Speaker 1: morning in the SMPPS is your Taker down. This comes
Speaker 1: after they lowered their quarterly sales growth guidance. And ember
Speaker 1: Gap is the parent company for Banana Republic, Gap Clothing,
Speaker 1: Old Navy athleta cetera. But the president CEO, Nancy Green
Speaker 1: of Old Navy actually is leaving the company as well,
Speaker 1: and analysts are saying well, the focus is really on
Speaker 1: Old Navy. Can they continue to grow at the same
Speaker 1: kind of pace that they have in the past couple
Speaker 1: of days, especially if they lose their leaders. So we're
Speaker 1: gonna keep an eye on those shares. GPS down thirteen well,
Speaker 1: now fourteen percent. I say, moving to the downside very quickly.
Speaker 1: I'm gonna end very quickly with Boston Beer. For anyone
Speaker 1: who drinks Sam Adams, I'm not a beer girl. Maybe
Speaker 1: who are okay, but the girl that's for sure. Fair enough. Well,
Speaker 1: they missed estimates a lot of the saying that hurt
Speaker 1: by shipment volume. Decreases in truly Hard Seltzer, Twisted Tea,
Speaker 1: and Great Orchard and dog fish Head brands, but increases
Speaker 1: in the Samuel Adams brand. So once again it does
Speaker 1: come down to shipments for that company. Those shares only
Speaker 1: down one ton of percent, but analysts expecting it to
Speaker 1: move once the market opens. Shairs Bloomberg Grading and TV
Speaker 1: Markets correspondent Creedy gufta with us on this Friday morning
Speaker 1: looking at stocks as a whole ahead of the open.
Speaker 1: The futures are moving lower. We have SMP futures down
Speaker 1: eighteen points. Staff future is down a hunt at thirty nine.
Speaker 1: NASTAC futures are lower by sixty one points. Looking at
Speaker 1: the tenure, it's down six thirty seconds. The yield two
Speaker 1: point nine three percent. Yield on the two year two
Speaker 1: point seven five. Stay with us. You're listening to Bloomberg
Speaker 1: Daybreak on this Friday morning. Bloomberg eleven three oh weather
Speaker 1: sunshine with a high near seventy today, it will be
Speaker 1: partly Sunday Tomorrow low sixties, upper sixties, mix of sun
Speaker 1: and clouds for Sunday. Nice weekend on tap currently fifty
Speaker 1: three in Central Park Markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot com, the Bloomberg
Speaker 1: Business Out and at Bloomberg Bricktake is a Bloomberg Business Flash.
Speaker 1: And I'm Karen Moscow. There's update brought to you by
Speaker 1: b and Why Mellon's Pershing. Learn why the world's most
Speaker 1: sophisticated wealth meta, mint and institutional firms rely on Pershing
Speaker 1: to help them improve profitability, create efficiency, attract talent and
Speaker 1: manage risk At Pershing dot Com. Futures this morning moving lower.
Speaker 1: We got the first word breaking news desk for today's
Speaker 1: morning call. Here's Bill maloney, Bill, good morning, and good morning, Karen.
Speaker 1: That's right. US futures are in the red right now,
Speaker 1: with death futures down a hundred and one point, ssames
Speaker 1: drop twelve, Nasadak futures declined by thirty three. The US
Speaker 1: ten yeald at two point nine three percent, Gold is
Speaker 1: down nineteen, Oil is also fading, and bitcoin is down
Speaker 1: by point seven percent. Japan dropped one point six percent overnight,
Speaker 1: while europ markets are also in the red, led by
Speaker 1: two percent losses in Germany. Back in the US. On
Speaker 1: the economic front, at US April Manufacturing p m I
Speaker 1: and after the belast night Intuitive Surgical EPs beat estimates,
Speaker 1: SNAP revenue guidance did fall short, and regarding earnings this morning,
Speaker 1: s a P reported a profit miss. Also look for
Speaker 1: American Express, Kimberly Clark, and Verizon to report in the
Speaker 1: pre market. Rapping things up, jeb Lou has cut to
Speaker 1: hold over at Deutsche Bank. American Airlines raised to neutral
Speaker 1: over h Ap. Morgan Live on the first to breaking
Speaker 1: news discom Boo Maloney, care all right, Bill, thank you,
Speaker 1: and to hear live breaking news of your Bloomberg type
Speaker 1: squawk on your terminal. SCU A W k that's a
Speaker 1: Bloomberg Business Flash. Now here's Michael Barr with more on
Speaker 1: what's going on around the world. Michael Karen, thank you
Speaker 1: very much. The US is sending a new batch of
Speaker 1: military equipment to Ukraine to help that country battle the
Speaker 1: Russian invasion. Among the new hardware aren't new Phoenix ghost drones.
Speaker 1: Philadelphia health officials say they're ending the city's into a
Speaker 1: mask mandate, abruptly reversing course just days after people in
Speaker 1: the city had to start wearing masks again and then
Speaker 1: a sharp increase in infections. According to the Philadelphia Health Department,
Speaker 1: there has been decreasing hospitalizations and leveling of case counts.
Speaker 1: In the NBA playoffs, the Warriors beat the Nuggets one eighteen,
Speaker 1: one thirteen to take a commanding three games to zip
Speaker 1: lead in that series. In MLB, the Yankees red sog
Speaker 1: Nationals lost, The Mets beat the Giant six to the
Speaker 1: A's beat the Orioles six four. In the NHL, the
Speaker 1: Rangers beat the Islanders six three, the Devil's and Bruins lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty seven
Speaker 1: hundred journalists and analysts more than a hundred twenty countries.
Speaker 1: I'm Michael barn. This is Bloomberg here all right, Michael,
Speaker 1: thank you. Six forty nine on Wall Street returned to
Speaker 1: news and science and technology. Now, but the Bloomberg and
Speaker 1: j I T STEM Report, brought to you by New
Speaker 1: Jersey Institute of Technology, ranked top fifty national public university
Speaker 1: by US News and World Report and a top ten
Speaker 1: for best career placement among public schools by the Princeton Review.
Speaker 1: More at n j I T DOT E d U
Speaker 1: and now here's this making news and science, technology, engineering,
Speaker 1: and math. President Biden sent his administration's first national drug
Speaker 1: control strategy to Congress as the US overdose death toll
Speaker 1: hit a new record of nearly one hundred seven thousand
Speaker 1: during the past twelve months. The White House says a
Speaker 1: strategy is the first national anti prioritize was known as
Speaker 1: harm reduction. That means it focuses on preventing death and
Speaker 1: illness and drug users while trying to engage them in
Speaker 1: care and treatment. Later today, the President will sign an
Speaker 1: Earth Day Executive Order designed to safeguard old growth forests
Speaker 1: that have common a threat from wildfires and drought. Scientists
Speaker 1: have identified old growth trees as critical to fighting climate
Speaker 1: change because they function as reservoirs for carbon dioxide, a
Speaker 1: key greenhouse gas. And separately, according to scientists at the
Speaker 1: Copernicus Climate Change Service, climate change produced another record breaking
Speaker 1: year of extreme weather in Europe in one, triggering catastrophic
Speaker 1: flooding and the hottest summer on record. Globally, the last
Speaker 1: seven years have been the warmest since records began in
Speaker 1: eighteen fifty one, ranking six. And that's the Bloomberg and j. I. T.
Speaker 1: Stamm Report. Nathan, all right, Karen, thank you. We are
Speaker 1: live from the Bloomberg Interactive Brokers Studios or at six
Speaker 1: fifty one on Wall Street Time Now to check what's
Speaker 1: going on in DC. Some of the top stories in
Speaker 1: our nation's capital include the US sending even more aid,
Speaker 1: more than a billion dollars worth to Ukraine, President Biden
Speaker 1: warning Democrats they need to clue voters in on their achievements,
Speaker 1: and House Republican leader Kevin McCarthy denying he would push
Speaker 1: for a former President Trump to resign. But there are tapes,
Speaker 1: let's get now and all these stories. Bloomberg Government reporter
Speaker 1: Emily Wilkins joins US now from the nation's capital, Emily.
Speaker 1: So yet more aid is coming, and I guess the
Speaker 1: question is, isn't coming soon enough? Is it going to
Speaker 1: be enough for Ukraine to turn the tide? Yeah, Nathan,
Speaker 1: We've got one point three billion that Biden has announced
Speaker 1: so far in additional aid. Eight hundred million of thoughts
Speaker 1: going to be going to weapons, and Biden said these
Speaker 1: are different kinds of weapons, ones that really reflect the
Speaker 1: changes of this invasion into Ukraine. But that's not going
Speaker 1: to be everything. Biden also said that he was going
Speaker 1: to be putting in a new funding request to Congress
Speaker 1: Speaker Nancy Pelosi said that they expect to see that
Speaker 1: in the next few days and that they're going to
Speaker 1: try to move on that as quickly as possible. It
Speaker 1: might not be next week, but if they can move quickly,
Speaker 1: they might be able to really get this through. There's
Speaker 1: still a lot of bipartisan support. UM. I think at
Speaker 1: this point, the mindset in in d C is that
Speaker 1: this invasion is going to be going on for quite
Speaker 1: some time, that the US is committed to continuing to
Speaker 1: provide Ukraine with military aid, humanitarian aid, aid for refugees, um.
Speaker 1: But at this point they're still holding firm to that
Speaker 1: red line that they're not going to be sending an
Speaker 1: American troops, they're not going to be instituting a no
Speaker 1: fly zone, but they will be helping out Ukraine in
Speaker 1: a financial sense. So while we wait for the details
Speaker 1: on how much more of that financing could be coming
Speaker 1: from Capitol Hill, we've been hearing from Ukrainian officials in
Speaker 1: Washington talking about the idea they need a martial style
Speaker 1: plan to rebuild once this war ends. They're talking about
Speaker 1: something like six hundred billion dollars. I mean, what's the
Speaker 1: appetite not just for Congress, but for allies that are
Speaker 1: meeting in Why Shington for that kind of support for
Speaker 1: Ukraine after the war? Right now? I think there is
Speaker 1: a lot of support, at least in Congress, at least
Speaker 1: in the US. I mean, you've obviously seen sort of
Speaker 1: different levels of desire to support Ukraine or at a
Speaker 1: wider global scale across Europe as far as what countries
Speaker 1: are and aren't willing to do and are aren't able
Speaker 1: to do at this point too. I mean when it
Speaker 1: comes to gas prices into Russian oil um. And I
Speaker 1: think this is something that Biden is going to continue
Speaker 1: to focus on. He's really painted himself as someone who
Speaker 1: has worked with Europe, who has worked with other countries,
Speaker 1: who has brought them along. And you're even seeing some
Speaker 1: concerns raised by State Department officials, you know, warring China
Speaker 1: again recently, that you have sanctions could come if they
Speaker 1: wind up signing with Russia or helping Russia avoid some
Speaker 1: of the impact of sanctions. Well, while the President focuses
Speaker 1: on continued support for Ukraine, we have heard him start
Speaker 1: to focus a little bit more now on getting ready
Speaker 1: for the mid terms, particularly with this trip out West,
Speaker 1: where he's really trying to talk up fellow Democrats and
Speaker 1: sort of get them enthused about the accomplishments he says
Speaker 1: that have already been made. Yeah, we've heard this line
Speaker 1: before from the White House saying that, you know, they
Speaker 1: just need to tout their accomplishments more. I mean, you
Speaker 1: saw lawmakers alone Ado I think more than a thousand
Speaker 1: different events trying to let people know about this infrastructure
Speaker 1: bill and what it's going to be and what it's
Speaker 1: going to become. Certainly that is part of the Democrats
Speaker 1: strategy is going into the midterm, but neither. The reality
Speaker 1: is that Biden's poll numbers are down, and they're not
Speaker 1: just down because people don't think he's doing things. They're
Speaker 1: down for a number of reasons, uh, including the fact
Speaker 1: that inflation is high, that gas prices are high, that
Speaker 1: COVID nineteen is still an issue in some areas of
Speaker 1: the country, and there is now a very divided electorate
Speaker 1: and when it comes to how to deal it and
Speaker 1: what to roll back. You're seeing that right now within
Speaker 1: the Democratic Party, just over what should happen with immigration
Speaker 1: pandemic related processes. So really, I think there's a much
Speaker 1: bigger problem for the Democrats going into this November than
Speaker 1: simply telling voters what they've done with infrastructure. It's certainly
Speaker 1: a piece of what Democrats are going to be pushing.
Speaker 1: I'm sure you'll see Biden make more trips like the
Speaker 1: ones he's made this week to talk about it. But
Speaker 1: but there are much larger problems with here, and not
Speaker 1: all of them are within the control of the Biden administration. Well,
Speaker 1: there's another interesting political dynamic here heading into the mid terms.
Speaker 1: We're seeing potentially, uh, some possibility of a split within
Speaker 1: the Republican Party, particularly when you think about this new
Speaker 1: tape that has come out of House Republican leader Kevin
Speaker 1: McCarthy saying that he at the time would have pushed
Speaker 1: for then President Trump to resign after January six. Yeah, Nathan,
Speaker 1: this was pretty explosive of The New York Times came
Speaker 1: out with this story the other day in McCarthy's office
Speaker 1: to hide it, said it was inaccurate. And then last night, Uh,
Speaker 1: the two reporters from the Times went on MSNBC and
Speaker 1: they actually played a recording of McCarthy saying that he
Speaker 1: thought that Trump should resign, that he needed to step down. Uh.
Speaker 1: And this is way back right after the aftermath of
Speaker 1: January six, and McCarthy we've really kind of seen. He
Speaker 1: was one of the individuals who, you know, really seem
Speaker 1: to come out strong against Trump in the immediate aftermath.
Speaker 1: But over time his rhetorics softened, he became sort of more,
Speaker 1: you know, more appeasing to the president. And a lot
Speaker 1: of this is tied because McCarthy is he's the top
Speaker 1: Republican in the House, he's in line to be speaker,
Speaker 1: and he's trying to sort of maneuver between appealing both
Speaker 1: to the sort of traditional mainstream Reagan era Republicans and
Speaker 1: then the sort of new Trump era Republicans. He's got
Speaker 1: to keep both of those groups together and both of
Speaker 1: them in their favor to be speaker. I think the
Speaker 1: big question right now in d C is how does
Speaker 1: Trump respond to this news. Does he go after Kevin McCarthy,
Speaker 1: because if he does, that might mean that we'll see
Speaker 1: someone else become speaker next year. If Republicans win in November,
Speaker 1: it's gonna be really interesting to see whether this resonates
Speaker 1: outside the belt Way. Well, we'll leave it there for now.
Speaker 1: Thank you, as always, Bloomberg Government reporter Emily Wilkins, and
Speaker 1: you can read more about all these stories on Bloomberg
Speaker 1: dot com or on the Bloomberg terminal. Listen to Bloomberg
Speaker 1: Radio in Washington at Bloomberg and one oh five point
Speaker 1: seven FM HD two. Right now, SMP futures down sixteen
Speaker 1: points down, futures down a, Nasdaq futures down fifty two points.
Speaker 1: The tenure Treasury is down seven thirty seconds, with the
Speaker 1: yield two point nine three percent yield on the two
Speaker 1: year two point seven four Bloomberg Surveillance is next for
Speaker 1: Karen Moscow I'm Nathan Hagar. This is Bloomberg