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Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg

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Speaker 1: day Break for a Friday, June two. Coming up this hour,

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Speaker 1: the Senate passes a bipartisan gun safety bill, Boris Johnson

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Speaker 1: suffers a big defeat. In the UK, stocks are on

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Speaker 1: track for their first weekly gain in a month, and

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Speaker 1: banks ace the FED stress tests. New York lawmakers react

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Speaker 1: to the Supreme Court's decision on guns. Plus, the Long

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Speaker 1: Island Library admits it made a mistake in banning LGBTQ content.

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Speaker 1: I'm Michael war More Ahead, I'm John Stay Sharon, Sports

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Speaker 1: high drama and the Bronx a ninth ginning Yankee rally

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Speaker 1: to stun the Astros. They held the NBA draft in Brooklyn.

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Speaker 1: That's All's trading ahead on Bloomberg Daybreak on Bloomberg Eliven

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Speaker 1: Free on New York, Bloomberg N one, Washington, d C,

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Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,

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Speaker 1: syrius XM one nineteen and around the world on Bloomberg

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Speaker 1: Radio dot Com and via the Bloomberg Business app. Good Morning,

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Speaker 1: I'm Nathan Hagar and I'm Karen Moscow and US Dot

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Speaker 1: Index futures are on the rise this morning. We're coming

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Speaker 1: up to six show one on Wall Street and we

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Speaker 1: check the markets every fifteen minutes throughout the trading day.

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Speaker 1: On Bloomberg, SNP future is up thirty one points this morning.

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Speaker 1: DAL futures have two hundred and nineteen and Asdack futures

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Speaker 1: have one d fourteen. The ten year treasury little change

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Speaker 1: you have three point eight percent and they yield on

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Speaker 1: the two year at three point oh one percent, and

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Speaker 1: NIMEX scrude oil is up one point four percent. Nathan

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Speaker 1: Karen will have more on markets in a minute, but first,

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Speaker 1: the Senate has passed bipartisan gun safety legislation by a

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Speaker 1: wide margin. We get the latest from Amy Morris in

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Speaker 1: our Bloomberg newsroom in Washington. It is being hailed as

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Speaker 1: the biggest breakthrough on gun safety in thirty years. The

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Speaker 1: bill will improve background checks, secure schools, and gives more

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Speaker 1: funds to states to tamp down gun violence. Republican John

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Speaker 1: Cornyn of Texas was one of the negotiators. Will it

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Speaker 1: save lives? Will it save lives? And I believe the

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Speaker 1: answer to that is yes, and that makes us worth doing.

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Speaker 1: The House is expected to pass the bill and send

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Speaker 1: it to President Biden's desk for his signature before leaving

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Speaker 1: for a two week recess in Washington. I'm Amy Morris,

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Speaker 1: Bloomberg Daybreak, Amy, thank you to send His action on

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Speaker 1: guns safety comes after an altogether different move at the

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Speaker 1: Supreme Court. The Justice has struck down the New York

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Speaker 1: law that prevents most people from carrying guns in public.

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Speaker 1: Republican Congressman Kevin Brady of Texas says, it's the right call.

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Speaker 1: I think the President uh concerned that this is dangerous

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Speaker 1: a requisit just in real life in real states where

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Speaker 1: this has been around for an awfully long time, you know,

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Speaker 1: none of those concerns have occurred by Democratic Senator John

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Speaker 1: Ausuff of Georgia says, this good said a dangerous president. Well, look,

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Speaker 1: one of the things that I hear consistently across the

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Speaker 1: state of Georgia is strong support from law enforcement for

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Speaker 1: common sense gun safety measures. Senator ass Off and Congressman

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Speaker 1: Brady spoke with our Washington corresponded Joe Matthew on Bloomberg

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Speaker 1: Sound on Catch the Show weekdays at five pm Eastering

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Speaker 1: on Bloomberg Radio. Well, even before that ruling, Karen confidence

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Speaker 1: in the Supreme Court has reached a new low. Let's

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Speaker 1: get the latest live from Bloomberg's Rnita Young. Good morning, Grenita,

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Speaker 1: Good morning Nathan. A Gallop Pole measuring faith in institutions

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Speaker 1: over fifty years shows many societal pillars are having a

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Speaker 1: bad year, but the eleven point drop for the nation's

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Speaker 1: highest court is about double the decline experienced by other institutions.

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Speaker 1: In the survey, confidence in the Supreme Court this year

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Speaker 1: has slid among Democrats from thirty percent to thirteen percent,

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Speaker 1: and from forty to twenty five among independents. For Republicans,

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Speaker 1: the Gallop Pole says confidence has risen from thirty seven

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Speaker 1: percent to thirty nine percent. The poll was completed a

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Speaker 1: few days before the High Court's decision yesterday striking down

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Speaker 1: the New York gun law. Live in New York. I'm

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Speaker 1: Rnita Young, bloom Burke Day Break. All Right, we need

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Speaker 1: to thank you. Another major story we're following this morning

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Speaker 1: focuses on the insurrection at the Capitol. The January six

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Speaker 1: Committees fifth session centered on pressure former President Trump put

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Speaker 1: on the Department of Justice to help overturn the election.

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Speaker 1: Bloomberg said, Baxter has the story. It focused on the

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Speaker 1: attempt to force the d o J to throw out

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Speaker 1: the slate of electors in Georgia, to meetings that threatened

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Speaker 1: Assistant Attorney's General, including Richard Donohue, saying that they would

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Speaker 1: lose their jobs. He said, people tell me I should

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Speaker 1: just get rid of both of you. I should just

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Speaker 1: remove you and UM make a change in leadership with

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Speaker 1: Jeff Clark in, maybe something will finally get done. Chair

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Speaker 1: Bennie Thompson. We've shown the workings of what was essentially

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Speaker 1: a political coup. Thompson says the next session will focus

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Speaker 1: on how Donald Trump summoned the mom to Washington and

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Speaker 1: that violence became his last option in San Francisco. I'm

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Speaker 1: at Baxter Bloomberg Daybreak. Thanks, and we also have some

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Speaker 1: news on trade. This morning. Bloomberg News has learned the

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Speaker 1: US is set to escalate claim that Mexico violated a

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Speaker 1: free trade agreement. The dispute has to do with Mexican

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Speaker 1: policies that favor state run energy companies. Dragged out conflict

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Speaker 1: could lead the US to impost tariffs on Mexico. Well,

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Speaker 1: in Europe, Nathan, there's a big election defeat for Boris Johnson.

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Speaker 1: We go to London and get the latest of Bloomberg's

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Speaker 1: U and parts, good Morning You and good Morning Nathan Karen.

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Speaker 1: A double election defeat for the UK Prime Minister Boris

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Speaker 1: Johnson's Conservative Party, losing two special elections, including one in

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Speaker 1: a district where last time he secured six of all votes.

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Speaker 1: Johnson says he will listen to voters after the defeat,

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Speaker 1: but in a resignation letter this morning, the Conservative Party

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Speaker 1: chairman said we cannot carry on with business as usual

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Speaker 1: in London. I'm you and pots Pinberg daybreak you and

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Speaker 1: banks shares the financial companies are higher in early trading

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Speaker 1: after banks aced the latest round of stress tests from

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Speaker 1: the FED. When we get the story from Bloomberg stud Chrisner.

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Speaker 1: Even in a challenging the FED determined banks had to

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Speaker 1: Asian capital to withstand a severe recession think of it

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Speaker 1: as a worst case searching unemployment, collapsing real estate prices,

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Speaker 1: and to wipeout inequities now. The test also looked at

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Speaker 1: whether trading operations at firms like JP Morgan, Chase, Morgan

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Speaker 1: Stanley and Goldman Sachs could hold up against a hypothetical

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Speaker 1: market shock. In all the tests assumed combined losses of

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Speaker 1: six hundred twelve billion dollars. So with passing marks, banks

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Speaker 1: are now free to return eighty billion dollars to their shareholders.

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Speaker 1: In New York, I'm Doug Prisoner, Bloomberg daybreak. All right,

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Speaker 1: thank you, while turning to the markets now, and we

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Speaker 1: apologize for the earlier error with the tape there. The

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Speaker 1: bounce back on Wall Street continues. Futures are higher, building

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Speaker 1: on three straight days of gains for the SMP five hundred.

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Speaker 1: The index has risen more than three percent during this

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Speaker 1: holiday short and trading week the year from Rebecca Corbin,

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Speaker 1: the CEO of Corban Advisors, who says investors just one certainty,

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Speaker 1: even in a challenging economic backdrop, If they have certainty

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Speaker 1: with regard to what to expect, the equity markets will

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Speaker 1: decouple from the economic performance. And Rebecca Corbin of Corban

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Speaker 1: Advisors knows the SNP five hundred is on track for

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Speaker 1: its first weekly gain in a month. Futures this morning

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Speaker 1: are on the rise. SMP futures up thirty points. Straight ahead,

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Speaker 1: your latest local headlines, splus the check of sports, and

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Speaker 1: this is Bloomberg. Karen, Thanks at six oh seven on

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Speaker 1: Wall Street war sixty three degrees in Central Park. It's

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Speaker 1: still dealing with problems on the Long Island Railroad this morning.

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Speaker 1: We'll get to the details in traffic, but first Michael

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Speaker 1: Barr is here with what else is going on in

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Speaker 1: New York and around the world. Good morning, Michael, Good

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Speaker 1: morning Nathan. New York lawmakers are reacting to the Supreme

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Speaker 1: Court's ruling striking down the state century old law limiting

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Speaker 1: the right to carry a concealed handgun in public. Governor

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Speaker 1: Kathy Oakel says the decision isn't just reckless, is reprehensible.

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Speaker 1: Heaven help us if that's what they're going to continue

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Speaker 1: doing with with laws and having us go back to

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Speaker 1: that time in history, unrelated to the current circumstances where

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Speaker 1: we have a gun violence crisis on our hands. New

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Speaker 1: York Mayor Eric Adams echoed Governor Hockle's remarks, he cannot

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Speaker 1: allow New York to become the Wow Wow West. That

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Speaker 1: is unacceptable. Mayor Adams says the decision ignores the shocking

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Speaker 1: crisis of gun violence every day in gulfing not only

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Speaker 1: New York, but our entire country. Former New York Mayor

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Speaker 1: build a Blasio our law enforcement officials for decades have

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Speaker 1: believed this kind of approach. These strong gun safety laws

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Speaker 1: are particularly important place like New York, and the Supreme

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Speaker 1: Court just really spit in the face of law enforcement.

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Speaker 1: Former Mayor to Blasio spoke to Bloomberg Radio. Meanwhile, State

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Speaker 1: Republican Committee Chairman Nick Langworthy says Democrats are trying to

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Speaker 1: create fear and division over what he characterizes as legal

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Speaker 1: gun owners rights to protect themselves and their families. The

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Speaker 1: New York City Council will hold a hearing at noon

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Speaker 1: today on school budget cuts. Mayor Adams gave his urrance

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Speaker 1: is at the reduction would coincide with falling enrollment rates. However,

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Speaker 1: the Council wants to look at the Department of Educations

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Speaker 1: changes to the formula used to calculate how much money

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Speaker 1: is allotted to each school. A Long Island Board of

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Speaker 1: trustees admits it was a wrong decision to ban LGBTQ

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Speaker 1: content from the children's section of a library, including books

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Speaker 1: and displays. The Smithtown Library Board of Trustees apologized and

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Speaker 1: voted last night for two to reverse the previous vote

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Speaker 1: initially banning the content. The decision came after Governor Hokol

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Speaker 1: called for human rights investigation into the matter. Walking appointments

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Speaker 1: in the New York City temporary clinic giving monkeypox vaccines

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Speaker 1: had to be halted. Officials say there was so much

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Speaker 1: high demand at the Chelsea clinic they couldn't accommodate. Walking's

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Speaker 1: global news twenty four hours a day on air and

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Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred

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Speaker 1: journalists and analysts more than a hundred twenty countries. Michael

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Speaker 1: Barr and this is Bloomberg, Nathan, Thank you, Michael. Come

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Speaker 1: up to six ten on Wall Street. John stash Are

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Speaker 1: has a Bloomberg Sports Updated, Thanks Dafin. The Yankees and

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Speaker 1: Astros are developed quite the rivalry, and here they are

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Speaker 1: games two best teams in American League and Water start

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Speaker 1: to the four game series of the Stadium. Three run

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Speaker 1: homers all over early on Alec Fregman before there was

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Speaker 1: an out recorded John Carlo Stanton bottom of the first.

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Speaker 1: Jordan Alvarez is twenty second of the year. It remains

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Speaker 1: six three Astros from the top of the third to

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Speaker 1: the bottom of the ninth. Another three run homer, this

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Speaker 1: one from Aaron Hicks to tide of the game at six,

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Speaker 1: and the Yanks were not done, and Judge came to

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Speaker 1: the play and the three oh line hard deep Della

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Speaker 1: Field baysh Trevino round third. He's coming home. Turvino scores

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Speaker 1: four game over Yankees win. Yankees w F A and

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Speaker 1: seven six, win their ninth walk off victory. They're fifteenth

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Speaker 1: in a row in the Bronx. Longest home win speaks

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Speaker 1: of nineteen sixty one. Judge will spend today at an

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Speaker 1: arbitration here in too determined if he makes twenty one

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Speaker 1: million dollars this year for seventeen. Bigger financial issue with

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Speaker 1: Doud is what happens after the season. He's just three agents.

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Speaker 1: NBA draft and Brooklyn the next did not have any

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Speaker 1: picks that Nicks had. The eleven pick traded at Okloma City,

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Speaker 1: one of a few trades the Knicks made. In the end.

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Speaker 1: They were able to rid themselves of Kemba Walker, whose

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Speaker 1: returned home to New York a year ago did not

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Speaker 1: go well. Traded to Detroit. The Pistons expected to buy

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Speaker 1: Kimba out and he'll be a free agent. Duke's Palo

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Speaker 1: Bon Cairo taken first overall by Orlando Rory McElroy shot

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Speaker 1: sixty two for the opening round, leading hard for the

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Speaker 1: Colorado Avalanche, up three one on Tampa Bay Ken Tonight

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Speaker 1: win this Dan Lka, John Dash Award Bloomberg Sports. Thank

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Speaker 1: you all right, John, thank you right now. I sent

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Speaker 1: p futures are highed by thirty two points adding to

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Speaker 1: their games this morning. Dew futures up two to thirty six.

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Speaker 1: Nastack futures are hired by a hundred twenty one points.

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Speaker 1: That is a gain of one per cent. Send your

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Speaker 1: Treasury now down five thirty second is the yield three

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Speaker 1: point one zero percent. This is Bloomberg Bloomberg Day Break,

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Speaker 1: brought to you by Hofstra University's Frank gz R School

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Speaker 1: slash go grad markets, headlines and breaking news twenty four

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Speaker 1: Outland at Bloomberg Quick takes a Bloomberg Business Flash, and

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Speaker 1: I'm Karen Moscow. The technology sector giving a look to

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Speaker 1: economic threats and scale back expectations for inflation. And interest

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Speaker 1: rate hikes. We checked the markets every fifteen minutes throughout

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Speaker 1: the trading day on Bloomberg. Right now, US and P

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Speaker 1: futures are up thirty two points down futures have two

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Speaker 1: D thirty and NASDACK futures up a hundred twenty. The

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Speaker 1: Ten year Treasury down four thirty seconds. You have three

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Speaker 1: year three point three percent. NIMEX screwed oil is up

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Speaker 1: one point four percent of a dollar forty three and

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Speaker 1: a hundred five dollars seventy cents of barrel. Comex school

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Speaker 1: this it'll change at one thousand, eight hundred twenty eight

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Speaker 1: four and the end at one thirty five point one too.

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Speaker 1: And Bitcoin this morning is up four tenths percent at

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Speaker 1: twenty thousand, eight hundred eighty dollars. As a Bloomberg Business flash,

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Speaker 1: now here's Michael Barr with more on what's going on

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Speaker 1: around the world. Uncle Karen, thank you very much. Congress

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Speaker 1: is on the verge of approving of thirteen billion dollar

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Speaker 1: bipartisan gun violence bill. How's approval is expected today on

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Speaker 1: legislation that would be the lawmaker's most sweeping answer in decades.

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Speaker 1: The Senate approved the measure yesterday, with fifteen Republicans joining

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Speaker 1: Democrats and backing passage. How's GOP representatives Matt Gate, Scott Perry,

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Speaker 1: Andy Biggs, Louis Gohmert, and Moe Brooks all contacted White

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Speaker 1: Al staffers seeking pardons from Donald Trump. According to video

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Speaker 1: testimony played by the committee investigating the January sixth riot

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Speaker 1: at the US Capitol. In baseball, the Yankees one along

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Speaker 1: with the Orioles, the Giant, and as lost. Global News

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Speaker 1: twenty four hours a day on air, rand on Bloomberg

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Speaker 1: Quick Take, powered by more than twenty hundred journalists analysts

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Speaker 1: more than a hundred twenty countries. Michael bar this is Bloomberg.

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Speaker 1: Nathan all right, Michael, Thanks at six nineteen on Wall

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Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is

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Speaker 1: Bloomberg Daybreak, with so many historic developments happening in just

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Speaker 1: the last couple of hours, really in Washington, d C.

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Speaker 1: We're very pleased to be joined by Terry Haynes, founder

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Speaker 1: of PANGEA Policy to sort out what's going on, particularly

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Speaker 1: on the guns issue. Terry, good morning. We've had the

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Speaker 1: first significant piece of gun safety legislation to move forward

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Speaker 1: on Capitol Hill in decades. At the same time, we've

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Speaker 1: gotten the first major expansion of gun rights to come

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Speaker 1: out of the Supreme Court in more than a decade.

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Speaker 1: What's the impact, good morning, Nathan. Uh, you know, I

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Speaker 1: think the impact is what people ought to look at.

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Speaker 1: I think, uh, between the headlines and potential dissonance of

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Speaker 1: this here is that there really isn't any dissonance. Uh.

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Speaker 1: And you know, don't believe me, believe the United States

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Speaker 1: Senate because that that Supreme Court ruling came out yesterday,

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Speaker 1: which I'd largely look at, as you know, it's an

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Speaker 1: important ruling, but it's a detail ruling to detail about

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Speaker 1: about how states can regulate gun carry. And nobody in

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Speaker 1: the Senate stood up and said, wait a minute, we've

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Speaker 1: got to completely redo what we're doing here. Uh. Nobody said,

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Speaker 1: you know, this is fundamentally at odds with what we're doing.

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Speaker 1: None of that stuff, and uh, you know, and you know,

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Speaker 1: I find the the voices of reason here to be First,

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Speaker 1: the New York Police Commissioners said, you know, nothing changes

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Speaker 1: if you're uh, you know, if you're carrying a gun illegally,

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Speaker 1: you're still going to get arrested and prosecuted. Justice Kavanaugh,

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Speaker 1: I think importantly, said, look, you know, you can still

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Speaker 1: do a lot of things. You can still require fingerprinting,

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Speaker 1: background check, metal health training and firearms handling, all those

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Speaker 1: sorts of things. You just can't involve yourself in the

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Speaker 1: sort of you know, sensitive place uh in you know,

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Speaker 1: good moral character, sorts of things that New York had

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Speaker 1: been doing. Um And finally, you know, you're gonna see

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Speaker 1: a shakeout period, I think where you know, there's still

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Speaker 1: gonna be a battle over the precise parameters concealed carry legislation,

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Speaker 1: you know, but nothing here, you know, fundamentally strikes at

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Speaker 1: the heart of being able to do the sorts of

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Speaker 1: things that Congress and the President are about to do

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Speaker 1: on guns. So you know, we have a you know,

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Speaker 1: I think we have a good net good here. Frankly,

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Speaker 1: in terms though of the Supreme Court justifying now the

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Speaker 1: Second Amendment as as applying to the right to carry

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Speaker 1: arms outside the home, that does set a significant precedent

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Speaker 1: in terms of what states can do in terms of

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Speaker 1: regulating firearms. Doesn't it? I think it's a I certainly

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Speaker 1: think it's a clarification. But you know, I will I

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Speaker 1: will say I think that you know, anybody that expresses

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Speaker 1: shock over the idea that the Court was going to

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Speaker 1: that the Court might or excuse me, anybody was going

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Speaker 1: to express shock over the idea that the Court was

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Speaker 1: somehow going to regulate carry outside the home. Uh, you know,

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Speaker 1: I think it was dreaming. That's clearly not the thrust

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Speaker 1: of the Second Amendment. However you feel about the militia clause. Uh, So,

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Speaker 1: you know, net net um, you know what we have

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Speaker 1: here is we have an affirmation of of of an

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Speaker 1: existing rights with some more specificity rather than an expansion

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Speaker 1: that in my own view, In terms of the bill

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Speaker 1: that is going now to the House, the Bipartisan Gun

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Speaker 1: Safety Legislation, we had fifteen Republicans vote with Democrats in

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Speaker 1: the Senate, and we spoke with Texas Republican Congressman Kevin Brady.

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Speaker 1: He sounds like he's on board with this bill as well.

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Speaker 1: Even though the National Rifle Association has come out against it.

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Speaker 1: Is their potential for political blowback for Republicans who support

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Speaker 1: this legislation, Um, I think a little bit. But the yeah,

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Speaker 1: but I think what you see is, you know, there's

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Speaker 1: potential for blowback from Democrats or four Democrats and Republicans. Frankly,

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Speaker 1: you have, uh, you have absolutists or purists on both

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Speaker 1: sides that will be very very disappointed to anybody that

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Speaker 1: wants to adopt a more centrist or more incrementalist position.

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Speaker 1: But you know, the fact of the matter here is

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Speaker 1: that you know, both parties have been engaging for decades

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Speaker 1: now in more absolutist positions that that wardered the ability

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Speaker 1: of of good common sense laws like the one they're

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Speaker 1: the one that's about to become law provide. And you

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Speaker 1: know Democrats were even ten years ago on the background

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Speaker 1: check business. As many Democrats voted against the background check laws,

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Speaker 1: Republicans voted for it. Both parties carry I think the

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Speaker 1: the stain of you know, not wanting to are wanting

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Speaker 1: to have the perfect be of the enemy the good

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Speaker 1: and that's about to uh, that's about to change, and

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Speaker 1: that's a good thing. Broader too. Thanks as always Terry

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Speaker 1: for being with us for your insights. Terry Haynes is

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Speaker 1: the founder of Pangea Policy and the interest of Transparency.

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Speaker 1: We should note that Michael Bloomberg, the founder and majority

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Speaker 1: owner of Bloomberg Radio parent company Bloomberg LP, donates two

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Speaker 1: groups that support gun control, including Every Town for Gun Safety.

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Speaker 1: Right now, SMP futures are up twenty nine points. Now

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Speaker 1: futures of NAZAC futures hired by one hundred twelve points.

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Speaker 1: You're listening to Bloomberg day Break Bloomberg eleven three oh

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Speaker 1: weather turning partly Sunday with highs and the low eighties.

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Speaker 1: Today will be in the oper eighties, maybe ninety degrees

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Speaker 1: for the weekend. Current temperature in Central Park sixty three degrees.

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Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.

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Speaker 1: Bloomberg E Living Free on to Washington, d C, Bloomberg

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Speaker 1: to Boston, Bloomberg one O six one to San Francisco,

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Speaker 1: Bloomberg Non sixty to the country Sirius XM chto one

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Speaker 1: nineteen and around the globe the Bloomberg Business app in

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Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak. It's six

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Speaker 1: thirty on Wall Street. Good morning. I'm Nathan Hagar and

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Speaker 1: I'm Karen mos Gaw. We are just about three hours

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Speaker 1: away from the open of US training. It's time for

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Speaker 1: the five things you need to notice start your day.

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Speaker 1: Brought to you by I b k R Investment Advisers

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Speaker 1: turnkey custody solutions, no ticket charges and no conflicts of

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Speaker 1: your interests at I b k R dot com slash r.

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Speaker 1: I a first, a major piece of gun safety legislation

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Speaker 1: in decades, has passed this Senate by a wide margin.

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Speaker 1: It now heads to the House, where Texas Republican Kevin

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Speaker 1: Brady says it should get by partisan support. I think

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Speaker 1: hardening the schools makes good sense. And uh, I think

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Speaker 1: uh oping the penalties on those who draw purchase who

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Speaker 1: are buying specifically to give to someone you know who

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Speaker 1: is analygible normally criminals there. You know, I really think

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Speaker 1: that is that is very helpful. Republican Congressman Kevin Brady

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Speaker 1: spoke with our Washington corresponded Joe Matthew on Bloomberg Sound

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Speaker 1: on Catch the Show weekdays at five pm Eastern on

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Speaker 1: Bloomberg Radio. Well, the move comes the same day Karen

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Speaker 1: that the Supreme Court struck down a New York law

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Speaker 1: that required people to show a special need to carry

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Speaker 1: end gun in public. Meantime, Nathan aheaded at controversial ruling

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Speaker 1: and confidence in the Supreme Court reached a new low.

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Speaker 1: When we get the latest life from Bloomberg's Reneed a

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Speaker 1: young good Morning, Ready to good morning, Karen. A gallop

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Speaker 1: pole measuring faith in institutions over fifty years shows many

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Speaker 1: societal pillars are having a bad year, but the eleven

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Speaker 1: point dropped for the nation's highest court is about double

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Speaker 1: the decline experienced by other institutions. In the survey, confidence

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Speaker 1: in the Supreme Court this year has slid among Democrats

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Speaker 1: from thirty percent to percent, and from forty to twenty

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Speaker 1: five percent among Independence For Republicans, the gallop Pole says

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Speaker 1: confidence has risen from thirty seven to thirty nine percent.

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Speaker 1: Live in New York, I'm reneed a young Bloomberg daybreak,

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Speaker 1: we need to thank you and europe. Boris Johnson has

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Speaker 1: suffered a major election upset, losing a formerly safe parliament

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Speaker 1: set in Southwest England. Separately, Johnson's party was beaten by Labor,

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Speaker 1: raising fresh questions about the Prime Minister's popularity well. Turning

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Speaker 1: to the markets now, Nathan, futures are higher, WES stocks

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Speaker 1: on track for their first weekly gain in a month,

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Speaker 1: The SNP is game more than three percent in this

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Speaker 1: shortened holiday trading week, and Wall Street's biggest banks are

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Speaker 1: now set to return tens of billions of dollars to investors. Karen,

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Speaker 1: Banks all passed the Federal Reserves annual test of their

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Speaker 1: ability to withstand market term. Wall shares a fed except

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Speaker 1: about three percent in early trading. Nathan, the delivery service

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Speaker 1: company forecast annual earnings that beat Atalysts estimates. And that's

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Speaker 1: the five things that you need to notice start your day.

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Speaker 1: Brought to you by Interactive Brokers and straight to head

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Speaker 1: your latest local headlines, plus a check of sports. And

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Speaker 1: this is Bloomberg. Thanks and Wall Street. Sixty three degrees

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Speaker 1: in Central Park and still dealing with a service suspension

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Speaker 1: on the Long Island Railroad. Will fleeing with the details

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Speaker 1: and traffic shortly. First, Michael Barr has more on what's

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Speaker 1: going on in New York and around the world. Michael,

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Speaker 1: thank you very much. Nathan. New York lawmakers are reacting

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Speaker 1: to the Supreme Court's ruling striking down the state century

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Speaker 1: old law limiting the right to carry a concealed handgun

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Speaker 1: in public. Governor Kathy Hocle says the decision isn't just reckless,

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Speaker 1: it's reprehensible. You have taken away our right to have

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Speaker 1: reasonable restrictions. We can have restrictions on speech, you can't

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Speaker 1: yell fire in a crowded theater, but somehow there's no

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Speaker 1: restrictions allowed on the Second Amendment. New York committing Eric

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Speaker 1: Adams echoed Governor Hocle's remarks. While we're still analyzing the decision,

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Speaker 1: we can say with certainty this decision has made every

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Speaker 1: single one of us less safe from gun violence many or.

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Speaker 1: Adams says, New York can't be the wild Wild West.

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Speaker 1: Congressman Richie Torres represents part of New York City. The

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Speaker 1: ability of masses of people to carry guns in New

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Speaker 1: York City is going to fundamentally change life in the

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Speaker 1: city as we know. Congressman Tours says the Supreme Court

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Speaker 1: is undermining the ability of cities like New York to

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Speaker 1: keep the public safe. Meanwhile, State Republican Committee Chairman Nick

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Speaker 1: Langworthy says Democrats are trying to create fear and division

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00:25:00,440 --> 00:25:04,520
Speaker 1: over what he characterizes as legal gun owners rights to

430
00:25:04,560 --> 00:25:07,960
Speaker 1: protect themselves and their families. All of this on the

431
00:25:08,040 --> 00:25:12,720
Speaker 1: same day, an NYPD detective was injured after gunfire erupted

432
00:25:12,800 --> 00:25:15,760
Speaker 1: in the Brownsville section of Brooklyn in m p D.

433
00:25:15,880 --> 00:25:19,880
Speaker 1: Officials say two officers were inside a marked vehicle when

434
00:25:19,960 --> 00:25:23,080
Speaker 1: shots rang out. The suspect escaped after a brief chase.

435
00:25:23,640 --> 00:25:26,600
Speaker 1: The Manhattan District Attorney's Office is hosting a gun buy

436
00:25:26,680 --> 00:25:29,440
Speaker 1: back event. It will take place tomorrow at the Soul

437
00:25:29,520 --> 00:25:32,600
Speaker 1: Saving Station Church in Harlem, New Yorkers will be allowed

438
00:25:32,640 --> 00:25:35,879
Speaker 1: to turn over up to five guns. It's five hundred

439
00:25:35,920 --> 00:25:39,840
Speaker 1: dollars for assault rifles, a hundred fifty for rifles or shotguns,

440
00:25:40,160 --> 00:25:43,800
Speaker 1: and fifty dollars for BB guns or imitation pistols. It

441
00:25:43,920 --> 00:25:46,040
Speaker 1: was one year ago today that of each Front condo

442
00:25:46,160 --> 00:25:49,720
Speaker 1: building and Serve Side, Florida collapsed, killing nine. Eight people,

443
00:25:49,760 --> 00:25:53,199
Speaker 1: including children, families and friends of the victims. Gathered at

444
00:25:53,200 --> 00:25:55,879
Speaker 1: the collapse site for a private vigil at one two

445
00:25:55,920 --> 00:25:59,440
Speaker 1: am to mark the time the building collapsed. Later this morning,

446
00:25:59,480 --> 00:26:01,960
Speaker 1: First Lady Joe Biden is expected at a Serf Side

447
00:26:02,000 --> 00:26:05,359
Speaker 1: public event along Island. Board of Trustees admits it was

448
00:26:05,480 --> 00:26:09,480
Speaker 1: a wrong decision demand LGBT two Q content from the

449
00:26:09,600 --> 00:26:13,760
Speaker 1: children's section of a library, including books and displays. The

450
00:26:13,840 --> 00:26:17,439
Speaker 1: Smithtown Library Board of Trustees apologized and voted last night

451
00:26:17,520 --> 00:26:21,159
Speaker 1: four two to reverse a previous vote initially banning the content.

452
00:26:21,480 --> 00:26:23,680
Speaker 1: Global News twenty four hours a day on airand on

453
00:26:23,760 --> 00:26:26,520
Speaker 1: Bloomberg Quick Take, Power a Boy, more than hundred journalists,

454
00:26:26,560 --> 00:26:28,919
Speaker 1: analysts more than a hundred, twenty countries on Michael bar

455
00:26:29,040 --> 00:26:36,400
Speaker 1: This is Bloomberg, Nathan, Thank you, Michael, six thirty six

456
00:26:36,480 --> 00:26:39,160
Speaker 1: on Wall Street. John Stasharris got the Bloomberg Sports Update.

457
00:26:39,240 --> 00:26:42,200
Speaker 1: All right, Nathan. Make it fifteen home wins in a

458
00:26:42,359 --> 00:26:44,320
Speaker 1: row for the Yankees. That's something they haven't done in

459
00:26:44,320 --> 00:26:47,479
Speaker 1: the nineteen one and fifteenth The most dramatic of all

460
00:26:47,560 --> 00:26:50,439
Speaker 1: Yankees not only did not lead until the end, they

461
00:26:50,480 --> 00:26:53,040
Speaker 1: did not have a hit from John Carlos Stanton's game

462
00:26:53,080 --> 00:26:55,680
Speaker 1: time through and over in the first inning until Aaron

463
00:26:55,800 --> 00:26:58,040
Speaker 1: hicks is game time three run homer in the bottom

464
00:26:58,040 --> 00:27:00,640
Speaker 1: of the ninth oft the Astros Ryan Lee and then

465
00:27:00,680 --> 00:27:03,400
Speaker 1: Aaron Judd with a walk off hit on a three

466
00:27:03,480 --> 00:27:06,000
Speaker 1: oh pitch and the Yanks one in stunning fashion, beet

467
00:27:06,320 --> 00:27:09,120
Speaker 1: Houston seven to six, quite a start to the four

468
00:27:09,200 --> 00:27:11,040
Speaker 1: game series between the two teams who both have big

469
00:27:11,320 --> 00:27:13,760
Speaker 1: Division lead better surprise to start the NBA Draft at

470
00:27:13,760 --> 00:27:16,840
Speaker 1: the Barkley Center, most felt Orlando would take Auburn Jabari Smith.

471
00:27:16,880 --> 00:27:19,639
Speaker 1: They instead went with Duke's Palo Bon Carroll, first of

472
00:27:19,840 --> 00:27:22,800
Speaker 1: four from Duke taking in the first round. Oklahoma City

473
00:27:22,840 --> 00:27:25,200
Speaker 1: stuck with Chad holmber In the seventh footer from Gonzaga,

474
00:27:25,240 --> 00:27:28,080
Speaker 1: and that left Smith for Houston all three one and

475
00:27:28,160 --> 00:27:30,600
Speaker 1: dunners in college. Knicks had the eleventh pick traded at

476
00:27:30,600 --> 00:27:33,520
Speaker 1: to Oklahoma City for some future picks. The Knicks also

477
00:27:33,640 --> 00:27:37,359
Speaker 1: dealt the unhappy Kemba Walker to Detroit. Nick drafted Dukes

478
00:27:37,359 --> 00:27:39,680
Speaker 1: Trevor Keels in the second round. The Nets hosted the

479
00:27:39,760 --> 00:27:42,520
Speaker 1: draft but didn't have any picks. Big question now does

480
00:27:42,600 --> 00:27:45,280
Speaker 1: Kyrie Irving leave? Reportedly, if he does, the Knicks are

481
00:27:45,320 --> 00:27:46,960
Speaker 1: one of the teams he'd liked to play for. And

482
00:27:47,080 --> 00:27:49,400
Speaker 1: if kay Re leaves, is that then mean the departure

483
00:27:49,800 --> 00:27:53,359
Speaker 1: of Kevin Durant. Roy mclroy shot sixty two as the

484
00:27:53,400 --> 00:27:56,280
Speaker 1: opening round lead in Hartford. Arch Manning, third generation of

485
00:27:56,320 --> 00:27:59,720
Speaker 1: the first family of quarterbacks, son of Cooper, nephew of Peyton,

486
00:27:59,800 --> 00:28:02,080
Speaker 1: a grandson of our gen. He decided to play college

487
00:28:02,080 --> 00:28:05,560
Speaker 1: football at Texas. Everyone else in the family except Peyton

488
00:28:05,600 --> 00:28:08,119
Speaker 1: went to old miss who painted Manning's name in the

489
00:28:08,320 --> 00:28:11,200
Speaker 1: end zone at a game last season. Didn't work, John

490
00:28:11,240 --> 00:28:14,120
Speaker 1: spares that were Bloomberg Sports David, all right, John, thank

491
00:28:14,160 --> 00:28:16,480
Speaker 1: you sixty seven on Wall Street. Time to take a

492
00:28:16,520 --> 00:28:18,399
Speaker 1: look at stock some of the names moving in the

493
00:28:18,520 --> 00:28:22,320
Speaker 1: pre market with Texas own Crety Goopa bloom for grading

494
00:28:22,400 --> 00:28:25,880
Speaker 1: on TV markets corresponded, what's this, creaty. We're not starting

495
00:28:25,960 --> 00:28:28,480
Speaker 1: a pre market update with Tesla, No, but we're getting

496
00:28:28,520 --> 00:28:31,119
Speaker 1: pretty close. We might as well actually talk about Twitter here.

497
00:28:31,200 --> 00:28:33,520
Speaker 1: Twitter shares are jumping. They were jumping as much as

498
00:28:33,560 --> 00:28:36,119
Speaker 1: three point four percent on the pre market now pairing

499
00:28:36,200 --> 00:28:38,080
Speaker 1: some of those games was still higher, about just shy

500
00:28:38,160 --> 00:28:40,920
Speaker 1: of two percent. This morning is coming after Twitter look

501
00:28:41,000 --> 00:28:43,920
Speaker 1: agreed to give Elon Musk more real time data this

502
00:28:44,040 --> 00:28:46,600
Speaker 1: week that according to business insiders, So it looks like

503
00:28:46,760 --> 00:28:48,280
Speaker 1: this is going to be a stock to watch. But

504
00:28:48,400 --> 00:28:50,560
Speaker 1: since you mentioned it, might as well check on Tesla

505
00:28:50,600 --> 00:28:53,080
Speaker 1: as well, I mean the just for you. Of course,

506
00:28:53,440 --> 00:28:56,000
Speaker 1: there is that inverse dynamic between Twitter and Tesla, and

507
00:28:56,040 --> 00:28:58,160
Speaker 1: Twitter shares go up, Tesla shares go down, the idea

508
00:28:58,160 --> 00:29:01,440
Speaker 1: of being what might Elon Musk kind split attention mean

509
00:29:01,600 --> 00:29:04,720
Speaker 1: for Tesla shares. Nevertheless, Tesla shares are actually up about

510
00:29:04,760 --> 00:29:06,320
Speaker 1: one percent in the pre market, so it looks like

511
00:29:06,400 --> 00:29:09,440
Speaker 1: that hasn't that news hasn't quite hit those shares yet.

512
00:29:09,480 --> 00:29:11,600
Speaker 1: And along with Tesla, remember it is considered a big

513
00:29:11,680 --> 00:29:13,720
Speaker 1: tech name, Apple shares are up as well, and you

514
00:29:13,760 --> 00:29:16,360
Speaker 1: can see that all cross the big tech players A

515
00:29:16,600 --> 00:29:18,720
Speaker 1: p L as your taker also up one per cent.

516
00:29:18,800 --> 00:29:20,680
Speaker 1: So once again, right off the bat, it kind of

517
00:29:20,920 --> 00:29:22,520
Speaker 1: right off the bat, seems like there might be some

518
00:29:22,640 --> 00:29:25,000
Speaker 1: good news when it comes to a little bit of

519
00:29:25,040 --> 00:29:26,640
Speaker 1: a rally today, at least based on what the big

520
00:29:26,680 --> 00:29:29,280
Speaker 1: tech players are doing. But don't forget about the oil

521
00:29:29,320 --> 00:29:31,840
Speaker 1: players as well, because this is going to be really interesting. Nathan,

522
00:29:31,880 --> 00:29:33,960
Speaker 1: we were just talking about a take out bid for Twitter.

523
00:29:34,080 --> 00:29:36,520
Speaker 1: Let's talk about a takeout bid for Occidental at least

524
00:29:36,560 --> 00:29:39,080
Speaker 1: a potential one oh x Y is your taker here, this,

525
00:29:39,120 --> 00:29:42,200
Speaker 1: of course is the oil company about two percent this morning.

526
00:29:42,360 --> 00:29:45,760
Speaker 1: This is after an Occidental analyst she's a possible quote

527
00:29:45,840 --> 00:29:49,240
Speaker 1: ideal buffet takeout bit saying that of course, britsure Hathaway

528
00:29:49,320 --> 00:29:51,959
Speaker 1: is upping at steak in its oil producer Accidental by

529
00:29:52,120 --> 00:29:55,600
Speaker 1: nine point six million shares just about, and it could

530
00:29:56,320 --> 00:29:59,920
Speaker 1: lead the way to a potential takeover. So that speculation

531
00:30:00,480 --> 00:30:03,160
Speaker 1: driving the shares this morning, Natan two points creating. Well,

532
00:30:03,200 --> 00:30:05,560
Speaker 1: we're also watching FedEx. Of course, they came out pretty

533
00:30:05,560 --> 00:30:08,240
Speaker 1: strong with earnings. They came out pretty strong with earnings,

534
00:30:08,280 --> 00:30:10,720
Speaker 1: and remember FedEx is that major bell weather as well,

535
00:30:10,800 --> 00:30:13,440
Speaker 1: so you can't actually look at the economy without looking

536
00:30:13,440 --> 00:30:15,240
Speaker 1: at the likes of FedEx or ups the idea that

537
00:30:15,280 --> 00:30:17,640
Speaker 1: it could be a proxy for that shipping story. Not

538
00:30:17,760 --> 00:30:19,600
Speaker 1: only did they have some pretty strong learnings, they also

539
00:30:19,680 --> 00:30:22,000
Speaker 1: lifted their forecast, which is interesting at a time when

540
00:30:22,040 --> 00:30:24,239
Speaker 1: a lot of companies are cutting back or keeping their

541
00:30:24,240 --> 00:30:26,800
Speaker 1: guidance about flat. Nevertheless, f d X as your taker,

542
00:30:27,200 --> 00:30:29,000
Speaker 1: up about three percent in the pre market, and this

543
00:30:29,080 --> 00:30:32,240
Speaker 1: is going to be significant as we look at decelerating

544
00:30:32,280 --> 00:30:34,560
Speaker 1: corporate earnings, as we look at decelerating growth in the

545
00:30:34,600 --> 00:30:37,440
Speaker 1: broader economy, and of course what those banks tell you

546
00:30:37,560 --> 00:30:40,080
Speaker 1: as well. And of course, speaking of banks, very quickly, Nathan,

547
00:30:40,240 --> 00:30:42,360
Speaker 1: take a look at JP Morgan here. JP Morgan shares

548
00:30:42,400 --> 00:30:44,200
Speaker 1: up at four tenths of one percent means that as

549
00:30:44,200 --> 00:30:47,959
Speaker 1: a proxy for all banks that have accord allegedly passed

550
00:30:48,160 --> 00:30:50,240
Speaker 1: their stress tests from the FED. So good news for

551
00:30:50,320 --> 00:30:53,240
Speaker 1: the financial sector. Thanks as always, Bloomberg Radio and TV

552
00:30:53,360 --> 00:30:56,960
Speaker 1: Markets correspondent Pretty Gupta. As we look ahead to a

553
00:30:57,800 --> 00:31:01,320
Speaker 1: solid open on Wall Street, actually with futures moving higher

554
00:31:01,400 --> 00:31:03,920
Speaker 1: right now, SMP futures up thirty points, STOUT future is

555
00:31:03,960 --> 00:31:07,080
Speaker 1: up two or thirteen, and Nasdaq futures higher by one

556
00:31:07,560 --> 00:31:10,120
Speaker 1: sixteen points. That's again of one percent. On the tech

557
00:31:10,200 --> 00:31:13,720
Speaker 1: heavy futures contracts. The tenure Treasury is down four thirty

558
00:31:13,760 --> 00:31:16,360
Speaker 1: seconds for a yield of three point one zero percent.

559
00:31:17,000 --> 00:31:24,640
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather partly sunny,

560
00:31:24,680 --> 00:31:26,520
Speaker 1: low eighties to wrap up the week will be in

561
00:31:26,520 --> 00:31:30,360
Speaker 1: the upper eighties to around ninety through the weekend. Currently

562
00:31:30,520 --> 00:31:38,400
Speaker 1: sixty three degrees and cloudy in Central Park. Markets headlines

563
00:31:38,480 --> 00:31:41,440
Speaker 1: and breaking news twenty four hours a day at Bloomberg

564
00:31:41,520 --> 00:31:44,320
Speaker 1: dot Com, at the Bloomberg Business apt and at Bloomberg

565
00:31:44,400 --> 00:31:54,040
Speaker 1: Quick Take. This is a Bloomberg Business Flash and I'm

566
00:31:54,120 --> 00:31:57,440
Speaker 1: Karin Moscow, and futures are moving higher this morning. We

567
00:31:57,520 --> 00:31:59,800
Speaker 1: got to the first word breaking news dash for today's

568
00:31:59,840 --> 00:32:05,000
Speaker 1: more Ninkle and here's Tantiana Darry Tatiana, good morning, Good morning, Karen.

569
00:32:05,160 --> 00:32:07,760
Speaker 1: Futures are in the green today, like you mentioned, a

570
00:32:07,920 --> 00:32:11,000
Speaker 1: led by technology stocks that aw features up the hundred points,

571
00:32:11,200 --> 00:32:13,479
Speaker 1: s and PS up thirty, and nas jack up one

572
00:32:13,600 --> 00:32:17,160
Speaker 1: sixteen cross As said, the Treasury's rally takes a breather,

573
00:32:17,360 --> 00:32:19,600
Speaker 1: with the tenure yield up just a basis point to

574
00:32:20,000 --> 00:32:22,960
Speaker 1: three point one percent, Oil is up a percent, and

575
00:32:23,080 --> 00:32:26,600
Speaker 1: the dollar resumed declines. On the economic front today, the

576
00:32:26,640 --> 00:32:30,280
Speaker 1: final reading of humage, consumer sentiment and new home sales

577
00:32:30,320 --> 00:32:33,960
Speaker 1: at ten among FED speakers sent ly, FED President Bullard

578
00:32:34,040 --> 00:32:37,240
Speaker 1: and San Francisco Fetchi Daily are due to speak in

579
00:32:37,320 --> 00:32:40,120
Speaker 1: early trading this morning. Software maker zen Desk up a

580
00:32:40,160 --> 00:32:42,800
Speaker 1: fifty percent after report it's close to a deal to

581
00:32:42,880 --> 00:32:47,000
Speaker 1: be acquired. Regarding earnings, FedEx is higher after results last night,

582
00:32:47,280 --> 00:32:51,560
Speaker 1: and lending Tree indicates lower aftercard cutting its forecast and

583
00:32:51,720 --> 00:32:54,160
Speaker 1: other news. Keep an iron Bank stocks after the FED

584
00:32:54,240 --> 00:32:57,640
Speaker 1: said all lenders have passed their annual stress test and

585
00:32:57,760 --> 00:33:00,560
Speaker 1: wrapping things up here about slam was ray its new

586
00:33:00,600 --> 00:33:04,280
Speaker 1: outperform at ever Corps, and Baxter was downgraded at Wells Fargo.

587
00:33:04,800 --> 00:33:07,520
Speaker 1: Live from the First and Breaking News desk. I'm Tatiana

588
00:33:07,600 --> 00:33:10,000
Speaker 1: Daria Karen. All right, Tatiana, thank you, and to hear

589
00:33:10,080 --> 00:33:12,400
Speaker 1: lie breaking news over here at Bloomberg. Type squawk on

590
00:33:12,480 --> 00:33:14,800
Speaker 1: your terminal, s q U, A w K and s

591
00:33:14,880 --> 00:33:17,560
Speaker 1: A Bloomberg Business Flash. Now here's Michael Barrow with more

592
00:33:17,640 --> 00:33:20,080
Speaker 1: on what's going on around the world. Michael Karen, thank

593
00:33:20,120 --> 00:33:23,040
Speaker 1: you very much. The Senate vote of thirty three to

594
00:33:23,160 --> 00:33:27,280
Speaker 1: approve bipartisan gun safety legislation. The vote came the same

595
00:33:27,400 --> 00:33:29,600
Speaker 1: day at the Supreme Court struck down in New York

596
00:33:29,680 --> 00:33:32,160
Speaker 1: law that required people to show a special need to

597
00:33:32,280 --> 00:33:35,240
Speaker 1: carry a handgun in public. The head of the United

598
00:33:35,360 --> 00:33:40,080
Speaker 1: Nations has warned the world faces catastrophe because of the

599
00:33:40,160 --> 00:33:43,640
Speaker 1: growing shortage of food around the globe. U N Secretary

600
00:33:43,720 --> 00:33:47,840
Speaker 1: General Antonio Guterres says the war in Ukraine has fueled

601
00:33:47,880 --> 00:33:52,280
Speaker 1: and unprecedented global hunger crisis, already affecting hundreds of millions

602
00:33:52,360 --> 00:33:55,960
Speaker 1: of people. In baseball, the Yankees one along with the Orioles,

603
00:33:56,000 --> 00:33:58,880
Speaker 1: the Giants, and A's Lost Global News twenty four hours

604
00:33:58,960 --> 00:34:01,840
Speaker 1: a day on air and Don Bloomberg Quicktach powered by

605
00:34:01,920 --> 00:34:04,360
Speaker 1: more than twenty seven hundred journalists and analysts are more

606
00:34:04,360 --> 00:34:07,600
Speaker 1: than a hundred twenty countries. I'm Michael Barren. This is Bloomberg,

607
00:34:07,680 --> 00:34:10,760
Speaker 1: Karen alright, Michael Barr, thank you. It is six forty

608
00:34:10,880 --> 00:34:13,200
Speaker 1: nine on Wall Street. We turned to news and science

609
00:34:13,239 --> 00:34:15,920
Speaker 1: and technology now. But the Bloomberg n j I T.

610
00:34:16,080 --> 00:34:19,360
Speaker 1: Stammer Report, RONZI U buy New Jersey Institute of Technology

611
00:34:19,680 --> 00:34:22,879
Speaker 1: rank to top fifty national public university by US News

612
00:34:22,920 --> 00:34:25,720
Speaker 1: and World Report and at top ten for best career

613
00:34:25,800 --> 00:34:28,960
Speaker 1: placement among public schools by the Princeton Review. More at

614
00:34:29,120 --> 00:34:31,040
Speaker 1: n j I T dot A d U and here's

615
00:34:31,040 --> 00:34:34,600
Speaker 1: just making news. In science, Technology, Engineering, and math, a

616
00:34:34,680 --> 00:34:38,240
Speaker 1: new study says that COVID vaccine saved an estimated twenty

617
00:34:38,440 --> 00:34:41,440
Speaker 1: million lives in the first year of their rollout. According

618
00:34:41,480 --> 00:34:44,600
Speaker 1: to data published in the Lancet Infectious Disease Journal, more

619
00:34:44,680 --> 00:34:47,400
Speaker 1: than half of the lives saved were in wealthier countries.

620
00:34:47,719 --> 00:34:50,640
Speaker 1: Researchers say about one in five lives lost due to

621
00:34:50,760 --> 00:34:53,759
Speaker 1: COVID in poorer countries could have been saved if World

622
00:34:53,800 --> 00:34:57,920
Speaker 1: Health Organization targets had been met. Scientists have discovered the

623
00:34:57,960 --> 00:35:02,840
Speaker 1: world's largest bacterium and a ribbian mangrove swamp Most bacteria

624
00:35:02,960 --> 00:35:05,960
Speaker 1: are microscopic, but this one is so big it can

625
00:35:06,000 --> 00:35:08,640
Speaker 1: be seen with the naked eye. Scientists have not yet

626
00:35:08,680 --> 00:35:10,840
Speaker 1: been able to grow it in lab culture about the

627
00:35:10,920 --> 00:35:14,160
Speaker 1: researchers say the cell has a structure, and that's unusual

628
00:35:14,360 --> 00:35:17,680
Speaker 1: for bacteria. The findings were announced in the journal Science.

629
00:35:18,160 --> 00:35:20,520
Speaker 1: And hackers have stolen a hundred million dollars in an

630
00:35:20,520 --> 00:35:23,600
Speaker 1: attack on a cryptocurrency bridge and app that lets people

631
00:35:23,680 --> 00:35:27,560
Speaker 1: swamp coins between blockchains. Harmony says is working with national

632
00:35:27,640 --> 00:35:31,520
Speaker 1: authorities and forensic specialists who identify the hackers and retrieve

633
00:35:31,560 --> 00:35:35,320
Speaker 1: the money. Crypto bridges are seen as being particularly vulnerable

634
00:35:35,400 --> 00:35:37,719
Speaker 1: to hacks, and as the Bloomberg and j I t

635
00:35:37,880 --> 00:35:40,920
Speaker 1: Stem report. Nathan Okay, Karen, thank you. We are live

636
00:35:41,000 --> 00:35:44,080
Speaker 1: from the Bloomberg Interactive Brokers studios where it's almost six

637
00:35:44,200 --> 00:35:46,719
Speaker 1: fifty one on Wall Street Time now to check what's

638
00:35:46,719 --> 00:35:49,000
Speaker 1: going on in d C. Some of the top stories

639
00:35:49,040 --> 00:35:52,000
Speaker 1: in our nation's capital include the Senate passing bipartisan gun

640
00:35:52,040 --> 00:35:55,760
Speaker 1: safety legislation by a wide margin, former President Trump's election

641
00:35:55,800 --> 00:35:59,200
Speaker 1: fraud pursued put on display January sixth hearings, and President

642
00:35:59,280 --> 00:36:02,200
Speaker 1: Biden heading to the G seven as allies fret over

643
00:36:02,360 --> 00:36:05,480
Speaker 1: his troubles at home. Bloomberg Government reporter Emily Wilkins is

644
00:36:05,520 --> 00:36:08,719
Speaker 1: here now with more on all these stories. Emily, the

645
00:36:08,800 --> 00:36:12,920
Speaker 1: first major gun safety legislation in decades is now headed

646
00:36:12,960 --> 00:36:15,480
Speaker 1: to the House. It is, and we are expecting to

647
00:36:15,560 --> 00:36:18,279
Speaker 1: vote later this morning or early afternoon that we'll send

648
00:36:18,320 --> 00:36:21,160
Speaker 1: it to President Biden's desk. But Nathan, as you point out,

649
00:36:21,239 --> 00:36:24,920
Speaker 1: it says very weird split screen. Right now in Washington,

650
00:36:25,080 --> 00:36:29,319
Speaker 1: d C. You have Congress moving this most significant new

651
00:36:29,400 --> 00:36:32,640
Speaker 1: gun restrictions since the mid nineties, and literally on the

652
00:36:32,760 --> 00:36:37,120
Speaker 1: other side of the street, the Supreme Court giving unprecedented

653
00:36:37,640 --> 00:36:41,680
Speaker 1: UH ruling that allows people to carry guns outside of

654
00:36:41,719 --> 00:36:45,759
Speaker 1: their home and kind of set some precedent for that, right, Um,

655
00:36:45,920 --> 00:36:48,840
Speaker 1: and you kind of really highlights at this point exactly

656
00:36:48,960 --> 00:36:52,839
Speaker 1: how controversial gun provisions remain. Even though you did see

657
00:36:52,920 --> 00:36:56,840
Speaker 1: fifteen Senate Republicans partner with Democrats on the legislation that

658
00:36:56,920 --> 00:37:00,200
Speaker 1: passed the Senate last night, you expect to see a

659
00:37:00,320 --> 00:37:04,000
Speaker 1: lot more Republicans opposing that legislation today and the House

660
00:37:04,280 --> 00:37:07,200
Speaker 1: House leadership as opposed to it. That's a noted contrast

661
00:37:07,320 --> 00:37:10,560
Speaker 1: from the Senate, where Republican leadership was in support of it. Um.

662
00:37:10,640 --> 00:37:14,240
Speaker 1: There are also some serious concerns about what the political

663
00:37:14,320 --> 00:37:17,040
Speaker 1: future will mean for Republicans who do support this bill.

664
00:37:17,440 --> 00:37:20,960
Speaker 1: We already saw one Republican, Chris Jacobs. He represents Buffalo.

665
00:37:21,080 --> 00:37:23,560
Speaker 1: Obviously they had a tragic mass shooting the other month.

666
00:37:24,200 --> 00:37:26,720
Speaker 1: He came out in support of a ban on assault weapons,

667
00:37:27,080 --> 00:37:29,680
Speaker 1: and then a week later he announced that he wouldn't

668
00:37:29,680 --> 00:37:32,240
Speaker 1: be seeking re election after losing a lot of internal

669
00:37:32,360 --> 00:37:36,160
Speaker 1: party support. So a lot happening with the gun debate

670
00:37:36,320 --> 00:37:39,040
Speaker 1: right now, um, and just kind of showing how even

671
00:37:39,080 --> 00:37:42,040
Speaker 1: though progress is being made in Congress as far as

672
00:37:42,080 --> 00:37:44,920
Speaker 1: gun control is concerned, there's still a lot of this

673
00:37:45,040 --> 00:37:48,080
Speaker 1: debate left to go. It's interesting, as we heard from

674
00:37:48,200 --> 00:37:51,279
Speaker 1: Terry Haynes earlier this hour, he doesn't really see much

675
00:37:51,320 --> 00:37:54,200
Speaker 1: of a contrast between what Congress is doing and what

676
00:37:54,320 --> 00:37:59,440
Speaker 1: the Supreme Court did in terms of actually restricting guns themselves.

677
00:38:00,440 --> 00:38:04,640
Speaker 1: We don't have that in this legislation. No, we don't,

678
00:38:04,719 --> 00:38:06,960
Speaker 1: And I mean there is a lot of measures that

679
00:38:07,239 --> 00:38:10,160
Speaker 1: they don't go nearly as far as Biden and Democrats

680
00:38:10,280 --> 00:38:13,879
Speaker 1: wanted them to go take. They wanted universal background checks.

681
00:38:13,920 --> 00:38:16,759
Speaker 1: That's something Democrats are always talking about always talking to

682
00:38:17,120 --> 00:38:20,680
Speaker 1: high levels of support among Americans for those there are

683
00:38:20,880 --> 00:38:23,799
Speaker 1: expanded background checks, but only for those who are under

684
00:38:23,920 --> 00:38:27,000
Speaker 1: twenty one. Uh. Same thing with those red flag laws

685
00:38:27,040 --> 00:38:29,080
Speaker 1: that are meant to kept keep guns out of the

686
00:38:29,160 --> 00:38:31,320
Speaker 1: hands of people who would be a danger to themselves

687
00:38:31,440 --> 00:38:35,239
Speaker 1: or others. Democrats wanted a national law and stead they're

688
00:38:35,320 --> 00:38:38,160
Speaker 1: going to set up a grant program that will give

689
00:38:38,239 --> 00:38:40,680
Speaker 1: funding to states who want to set up a red

690
00:38:40,719 --> 00:38:44,359
Speaker 1: flag program. But that's not even required because it's completely voluntary.

691
00:38:44,760 --> 00:38:47,439
Speaker 1: And you've heard a Senator Chuck Schumer, you know he's

692
00:38:47,520 --> 00:38:50,000
Speaker 1: he is. Well. Speaker Nancy Pelosi has said that this

693
00:38:50,120 --> 00:38:53,160
Speaker 1: bill certainly doesn't go as far as Democrats would like,

694
00:38:53,840 --> 00:38:56,560
Speaker 1: but Schumer said that they could not surrender to gridlock

695
00:38:56,880 --> 00:38:59,359
Speaker 1: and that they had to try to forge a bipartisan

696
00:38:59,440 --> 00:39:02,440
Speaker 1: path for to pass legislation. Now, let's turn to what

697
00:39:02,560 --> 00:39:06,520
Speaker 1: we heard at the latest January six hearings. Pressure on

698
00:39:06,640 --> 00:39:12,120
Speaker 1: the Justice Department and pardons sought by members of Congress. Yes,

699
00:39:12,440 --> 00:39:15,040
Speaker 1: you had a number of members of Congress yesterday who,

700
00:39:15,080 --> 00:39:18,520
Speaker 1: it was revealed, saught some sort of pardon either for

701
00:39:18,640 --> 00:39:23,000
Speaker 1: themselves or others. Uh. Congressman Macgates, Scott Perry, Andy Biggs,

702
00:39:23,120 --> 00:39:25,600
Speaker 1: Louis Gohmert, and Moe Brooks certainly some of them. You've

703
00:39:25,640 --> 00:39:28,839
Speaker 1: you've heard these names before, Uh, they've been subpoenaed by

704
00:39:29,080 --> 00:39:32,640
Speaker 1: the committee. Did not wind up showing up. And you

705
00:39:32,760 --> 00:39:35,920
Speaker 1: also really saw the committee hone in on exactly how

706
00:39:36,080 --> 00:39:39,680
Speaker 1: much pressure Trump put on his Justice Department into falsely

707
00:39:39,719 --> 00:39:43,600
Speaker 1: saying that the election was stolen. We heard from Jeffrey Rosen,

708
00:39:43,640 --> 00:39:47,440
Speaker 1: who was the acting Attorney General in January of one,

709
00:39:47,640 --> 00:39:50,799
Speaker 1: and he testified that the Trump administration had this relentless

710
00:39:50,880 --> 00:39:53,920
Speaker 1: pressure campaign to get him to overturn the election that

711
00:39:54,000 --> 00:39:57,919
Speaker 1: included bringing up conspiracy theories about Italian satellites. He called

712
00:39:58,000 --> 00:40:01,840
Speaker 1: that pure insanity. Um. And you had the Deputy Attorney

713
00:40:01,880 --> 00:40:05,080
Speaker 1: General saying that Trump told him in December seven, call

714
00:40:05,440 --> 00:40:07,480
Speaker 1: to quote, just say it was corrupt and leave the

715
00:40:07,560 --> 00:40:10,600
Speaker 1: rest up to me and the Republican congressman um. And

716
00:40:10,680 --> 00:40:14,160
Speaker 1: it really, I think kind of shows Nathan plays towards

717
00:40:14,239 --> 00:40:18,000
Speaker 1: the Committee's overall thesis that Trump really did use whatever

718
00:40:18,160 --> 00:40:22,080
Speaker 1: avenues he could in attempting to overturn the election and

719
00:40:22,239 --> 00:40:24,799
Speaker 1: trying to push a theory that he had been told

720
00:40:24,840 --> 00:40:28,160
Speaker 1: by his advisors wasn't viable to try to get an

721
00:40:28,160 --> 00:40:30,879
Speaker 1: alternative set of electors to to claim that he had

722
00:40:30,920 --> 00:40:34,479
Speaker 1: won key battleground states that voted for Biden. Got about

723
00:40:34,520 --> 00:40:37,239
Speaker 1: a minute left here, Emily. President Biden is headed on

724
00:40:37,360 --> 00:40:39,920
Speaker 1: an overseas trip over the next few days in a

725
00:40:40,160 --> 00:40:43,879
Speaker 1: much different political position than he was the last time

726
00:40:44,000 --> 00:40:46,840
Speaker 1: he left the country. He's got back to back trips

727
00:40:46,880 --> 00:40:48,960
Speaker 1: for the G seven and then to Spain for a

728
00:40:49,080 --> 00:40:52,160
Speaker 1: NATO meeting, and it really is a very different spot

729
00:40:52,239 --> 00:40:54,480
Speaker 1: than Biden was in at this point last year. Um

730
00:40:54,560 --> 00:40:57,960
Speaker 1: So you'll remember his his his ratings were high. Americans

731
00:40:58,520 --> 00:41:00,680
Speaker 1: thought he was doing a great job, a country seemed

732
00:41:00,719 --> 00:41:02,960
Speaker 1: to be on the right track. And then from there

733
00:41:03,000 --> 00:41:05,600
Speaker 1: there have been a number of setbacks and Biden's approval

734
00:41:05,719 --> 00:41:08,560
Speaker 1: rating at this point and some polls show it dipping below.

735
00:41:10,040 --> 00:41:13,360
Speaker 1: And some of the concerns that we've Bloomberg has reported

736
00:41:13,400 --> 00:41:16,560
Speaker 1: in a story that's on the terminal is that some officials,

737
00:41:17,040 --> 00:41:21,040
Speaker 1: German officials, according to the story, are worried that after November,

738
00:41:21,160 --> 00:41:24,160
Speaker 1: if Republicans were to win the House to win the Senate,

739
00:41:24,600 --> 00:41:28,040
Speaker 1: it might um impede on the Biden administration and its

740
00:41:28,080 --> 00:41:32,120
Speaker 1: ability to really be a leader Among European Union countries

741
00:41:32,160 --> 00:41:35,919
Speaker 1: and other allies in putting pressure on Moscow. Now, of course,

742
00:41:36,120 --> 00:41:38,200
Speaker 1: the president does have a lot of power when it

743
00:41:38,360 --> 00:41:41,960
Speaker 1: comes to how they interact with foreign policy and foreign nations,

744
00:41:42,239 --> 00:41:45,799
Speaker 1: and certainly Republicans are also concerned about the ongoing war

745
00:41:45,960 --> 00:41:48,600
Speaker 1: in Ukraine. Uh So, I think there's a just kind

746
00:41:48,600 --> 00:41:50,760
Speaker 1: of a big question mark of exactly what the Biden

747
00:41:50,840 --> 00:41:53,879
Speaker 1: administration would look like in terms of foreign policy if

748
00:41:54,080 --> 00:41:58,040
Speaker 1: Republicans controlled one or both branches of Congress. Interesting to

749
00:41:58,120 --> 00:42:01,719
Speaker 1: hear how US allies are focused on domestic politics as

750
00:42:01,800 --> 00:42:04,680
Speaker 1: much as many of us inside the Beltway are. Bloomberg

751
00:42:04,719 --> 00:42:07,960
Speaker 1: Government reporter Emily Wilkins, as always, thanks for keeping us

752
00:42:08,000 --> 00:42:10,360
Speaker 1: up to date on what's happening inside the Beltway, and

753
00:42:10,400 --> 00:42:13,080
Speaker 1: you can read more about these stories on Bloomberg dot

754
00:42:13,120 --> 00:42:15,480
Speaker 1: com or on the Bloomberg terminal. And a reminder that

755
00:42:15,520 --> 00:42:18,360
Speaker 1: you can follow all the latest on Bloomberg Radio in Washington.

756
00:42:18,440 --> 00:42:22,400
Speaker 1: Bloomberg and one oh five point seven FM h D

757
00:42:22,640 --> 00:42:26,160
Speaker 1: two SFP Future is now up twenty seven points down,

758
00:42:26,200 --> 00:42:29,440
Speaker 1: futures up a D eighty seven, NAZAC futures on the

759
00:42:29,560 --> 00:42:32,719
Speaker 1: rise by a hundred four points. The tenure Treasury down

760
00:42:33,320 --> 00:42:36,200
Speaker 1: four thirty seconds, the yield three point one zero percent,

761
00:42:36,360 --> 00:42:38,520
Speaker 1: and the yield on the two year right now just

762
00:42:38,719 --> 00:42:42,400
Speaker 1: about three point zero three percent. Bloomberg Surveillance next for

763
00:42:42,760 --> 00:42:46,840
Speaker 1: Karen Moscow. I'm Nathan Hager, and this is Bloomberg