Speaker 1: Live from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for a Friday, June two. Coming up this hour,
Speaker 1: the Senate passes a bipartisan gun safety bill, Boris Johnson
Speaker 1: suffers a big defeat. In the UK, stocks are on
Speaker 1: track for their first weekly gain in a month, and
Speaker 1: banks ace the FED stress tests. New York lawmakers react
Speaker 1: to the Supreme Court's decision on guns. Plus, the Long
Speaker 1: Island Library admits it made a mistake in banning LGBTQ content.
Speaker 1: I'm Michael war More Ahead, I'm John Stay Sharon, Sports
Speaker 1: high drama and the Bronx a ninth ginning Yankee rally
Speaker 1: to stun the Astros. They held the NBA draft in Brooklyn.
Speaker 1: That's All's trading ahead on Bloomberg Daybreak on Bloomberg Eliven
Speaker 1: Free on New York, Bloomberg N one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: syrius XM one nineteen and around the world on Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business app. Good Morning,
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow and US Dot
Speaker 1: Index futures are on the rise this morning. We're coming
Speaker 1: up to six show one on Wall Street and we
Speaker 1: check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg, SNP future is up thirty one points this morning.
Speaker 1: DAL futures have two hundred and nineteen and Asdack futures
Speaker 1: have one d fourteen. The ten year treasury little change
Speaker 1: you have three point eight percent and they yield on
Speaker 1: the two year at three point oh one percent, and
Speaker 1: NIMEX scrude oil is up one point four percent. Nathan
Speaker 1: Karen will have more on markets in a minute, but first,
Speaker 1: the Senate has passed bipartisan gun safety legislation by a
Speaker 1: wide margin. We get the latest from Amy Morris in
Speaker 1: our Bloomberg newsroom in Washington. It is being hailed as
Speaker 1: the biggest breakthrough on gun safety in thirty years. The
Speaker 1: bill will improve background checks, secure schools, and gives more
Speaker 1: funds to states to tamp down gun violence. Republican John
Speaker 1: Cornyn of Texas was one of the negotiators. Will it
Speaker 1: save lives? Will it save lives? And I believe the
Speaker 1: answer to that is yes, and that makes us worth doing.
Speaker 1: The House is expected to pass the bill and send
Speaker 1: it to President Biden's desk for his signature before leaving
Speaker 1: for a two week recess in Washington. I'm Amy Morris,
Speaker 1: Bloomberg Daybreak, Amy, thank you to send His action on
Speaker 1: guns safety comes after an altogether different move at the
Speaker 1: Supreme Court. The Justice has struck down the New York
Speaker 1: law that prevents most people from carrying guns in public.
Speaker 1: Republican Congressman Kevin Brady of Texas says, it's the right call.
Speaker 1: I think the President uh concerned that this is dangerous
Speaker 1: a requisit just in real life in real states where
Speaker 1: this has been around for an awfully long time, you know,
Speaker 1: none of those concerns have occurred by Democratic Senator John
Speaker 1: Ausuff of Georgia says, this good said a dangerous president. Well, look,
Speaker 1: one of the things that I hear consistently across the
Speaker 1: state of Georgia is strong support from law enforcement for
Speaker 1: common sense gun safety measures. Senator ass Off and Congressman
Speaker 1: Brady spoke with our Washington corresponded Joe Matthew on Bloomberg
Speaker 1: Sound on Catch the Show weekdays at five pm Eastering
Speaker 1: on Bloomberg Radio. Well, even before that ruling, Karen confidence
Speaker 1: in the Supreme Court has reached a new low. Let's
Speaker 1: get the latest live from Bloomberg's Rnita Young. Good morning, Grenita,
Speaker 1: Good morning Nathan. A Gallop Pole measuring faith in institutions
Speaker 1: over fifty years shows many societal pillars are having a
Speaker 1: bad year, but the eleven point drop for the nation's
Speaker 1: highest court is about double the decline experienced by other institutions.
Speaker 1: In the survey, confidence in the Supreme Court this year
Speaker 1: has slid among Democrats from thirty percent to thirteen percent,
Speaker 1: and from forty to twenty five among independents. For Republicans,
Speaker 1: the Gallop Pole says confidence has risen from thirty seven
Speaker 1: percent to thirty nine percent. The poll was completed a
Speaker 1: few days before the High Court's decision yesterday striking down
Speaker 1: the New York gun law. Live in New York. I'm
Speaker 1: Rnita Young, bloom Burke Day Break. All Right, we need
Speaker 1: to thank you. Another major story we're following this morning
Speaker 1: focuses on the insurrection at the Capitol. The January six
Speaker 1: Committees fifth session centered on pressure former President Trump put
Speaker 1: on the Department of Justice to help overturn the election.
Speaker 1: Bloomberg said, Baxter has the story. It focused on the
Speaker 1: attempt to force the d o J to throw out
Speaker 1: the slate of electors in Georgia, to meetings that threatened
Speaker 1: Assistant Attorney's General, including Richard Donohue, saying that they would
Speaker 1: lose their jobs. He said, people tell me I should
Speaker 1: just get rid of both of you. I should just
Speaker 1: remove you and UM make a change in leadership with
Speaker 1: Jeff Clark in, maybe something will finally get done. Chair
Speaker 1: Bennie Thompson. We've shown the workings of what was essentially
Speaker 1: a political coup. Thompson says the next session will focus
Speaker 1: on how Donald Trump summoned the mom to Washington and
Speaker 1: that violence became his last option in San Francisco. I'm
Speaker 1: at Baxter Bloomberg Daybreak. Thanks, and we also have some
Speaker 1: news on trade. This morning. Bloomberg News has learned the
Speaker 1: US is set to escalate claim that Mexico violated a
Speaker 1: free trade agreement. The dispute has to do with Mexican
Speaker 1: policies that favor state run energy companies. Dragged out conflict
Speaker 1: could lead the US to impost tariffs on Mexico. Well,
Speaker 1: in Europe, Nathan, there's a big election defeat for Boris Johnson.
Speaker 1: We go to London and get the latest of Bloomberg's
Speaker 1: U and parts, good Morning You and good Morning Nathan Karen.
Speaker 1: A double election defeat for the UK Prime Minister Boris
Speaker 1: Johnson's Conservative Party, losing two special elections, including one in
Speaker 1: a district where last time he secured six of all votes.
Speaker 1: Johnson says he will listen to voters after the defeat,
Speaker 1: but in a resignation letter this morning, the Conservative Party
Speaker 1: chairman said we cannot carry on with business as usual
Speaker 1: in London. I'm you and pots Pinberg daybreak you and
Speaker 1: banks shares the financial companies are higher in early trading
Speaker 1: after banks aced the latest round of stress tests from
Speaker 1: the FED. When we get the story from Bloomberg stud Chrisner.
Speaker 1: Even in a challenging the FED determined banks had to
Speaker 1: Asian capital to withstand a severe recession think of it
Speaker 1: as a worst case searching unemployment, collapsing real estate prices,
Speaker 1: and to wipeout inequities now. The test also looked at
Speaker 1: whether trading operations at firms like JP Morgan, Chase, Morgan
Speaker 1: Stanley and Goldman Sachs could hold up against a hypothetical
Speaker 1: market shock. In all the tests assumed combined losses of
Speaker 1: six hundred twelve billion dollars. So with passing marks, banks
Speaker 1: are now free to return eighty billion dollars to their shareholders.
Speaker 1: In New York, I'm Doug Prisoner, Bloomberg daybreak. All right,
Speaker 1: thank you, while turning to the markets now, and we
Speaker 1: apologize for the earlier error with the tape there. The
Speaker 1: bounce back on Wall Street continues. Futures are higher, building
Speaker 1: on three straight days of gains for the SMP five hundred.
Speaker 1: The index has risen more than three percent during this
Speaker 1: holiday short and trading week the year from Rebecca Corbin,
Speaker 1: the CEO of Corban Advisors, who says investors just one certainty,
Speaker 1: even in a challenging economic backdrop, If they have certainty
Speaker 1: with regard to what to expect, the equity markets will
Speaker 1: decouple from the economic performance. And Rebecca Corbin of Corban
Speaker 1: Advisors knows the SNP five hundred is on track for
Speaker 1: its first weekly gain in a month. Futures this morning
Speaker 1: are on the rise. SMP futures up thirty points. Straight ahead,
Speaker 1: your latest local headlines, splus the check of sports, and
Speaker 1: this is Bloomberg. Karen, Thanks at six oh seven on
Speaker 1: Wall Street war sixty three degrees in Central Park. It's
Speaker 1: still dealing with problems on the Long Island Railroad this morning.
Speaker 1: We'll get to the details in traffic, but first Michael
Speaker 1: Barr is here with what else is going on in
Speaker 1: New York and around the world. Good morning, Michael, Good
Speaker 1: morning Nathan. New York lawmakers are reacting to the Supreme
Speaker 1: Court's ruling striking down the state century old law limiting
Speaker 1: the right to carry a concealed handgun in public. Governor
Speaker 1: Kathy Oakel says the decision isn't just reckless, is reprehensible.
Speaker 1: Heaven help us if that's what they're going to continue
Speaker 1: doing with with laws and having us go back to
Speaker 1: that time in history, unrelated to the current circumstances where
Speaker 1: we have a gun violence crisis on our hands. New
Speaker 1: York Mayor Eric Adams echoed Governor Hockle's remarks, he cannot
Speaker 1: allow New York to become the Wow Wow West. That
Speaker 1: is unacceptable. Mayor Adams says the decision ignores the shocking
Speaker 1: crisis of gun violence every day in gulfing not only
Speaker 1: New York, but our entire country. Former New York Mayor
Speaker 1: build a Blasio our law enforcement officials for decades have
Speaker 1: believed this kind of approach. These strong gun safety laws
Speaker 1: are particularly important place like New York, and the Supreme
Speaker 1: Court just really spit in the face of law enforcement.
Speaker 1: Former Mayor to Blasio spoke to Bloomberg Radio. Meanwhile, State
Speaker 1: Republican Committee Chairman Nick Langworthy says Democrats are trying to
Speaker 1: create fear and division over what he characterizes as legal
Speaker 1: gun owners rights to protect themselves and their families. The
Speaker 1: New York City Council will hold a hearing at noon
Speaker 1: today on school budget cuts. Mayor Adams gave his urrance
Speaker 1: is at the reduction would coincide with falling enrollment rates. However,
Speaker 1: the Council wants to look at the Department of Educations
Speaker 1: changes to the formula used to calculate how much money
Speaker 1: is allotted to each school. A Long Island Board of
Speaker 1: trustees admits it was a wrong decision to ban LGBTQ
Speaker 1: content from the children's section of a library, including books
Speaker 1: and displays. The Smithtown Library Board of Trustees apologized and
Speaker 1: voted last night for two to reverse the previous vote
Speaker 1: initially banning the content. The decision came after Governor Hokol
Speaker 1: called for human rights investigation into the matter. Walking appointments
Speaker 1: in the New York City temporary clinic giving monkeypox vaccines
Speaker 1: had to be halted. Officials say there was so much
Speaker 1: high demand at the Chelsea clinic they couldn't accommodate. Walking's
Speaker 1: global news twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael
Speaker 1: Barr and this is Bloomberg, Nathan, Thank you, Michael. Come
Speaker 1: up to six ten on Wall Street. John stash Are
Speaker 1: has a Bloomberg Sports Updated, Thanks Dafin. The Yankees and
Speaker 1: Astros are developed quite the rivalry, and here they are
Speaker 1: games two best teams in American League and Water start
Speaker 1: to the four game series of the Stadium. Three run
Speaker 1: homers all over early on Alec Fregman before there was
Speaker 1: an out recorded John Carlo Stanton bottom of the first.
Speaker 1: Jordan Alvarez is twenty second of the year. It remains
Speaker 1: six three Astros from the top of the third to
Speaker 1: the bottom of the ninth. Another three run homer, this
Speaker 1: one from Aaron Hicks to tide of the game at six,
Speaker 1: and the Yanks were not done, and Judge came to
Speaker 1: the play and the three oh line hard deep Della
Speaker 1: Field baysh Trevino round third. He's coming home. Turvino scores
Speaker 1: four game over Yankees win. Yankees w F A and
Speaker 1: seven six, win their ninth walk off victory. They're fifteenth
Speaker 1: in a row in the Bronx. Longest home win speaks
Speaker 1: of nineteen sixty one. Judge will spend today at an
Speaker 1: arbitration here in too determined if he makes twenty one
Speaker 1: million dollars this year for seventeen. Bigger financial issue with
Speaker 1: Doud is what happens after the season. He's just three agents.
Speaker 1: NBA draft and Brooklyn the next did not have any
Speaker 1: picks that Nicks had. The eleven pick traded at Okloma City,
Speaker 1: one of a few trades the Knicks made. In the end.
Speaker 1: They were able to rid themselves of Kemba Walker, whose
Speaker 1: returned home to New York a year ago did not
Speaker 1: go well. Traded to Detroit. The Pistons expected to buy
Speaker 1: Kimba out and he'll be a free agent. Duke's Palo
Speaker 1: Bon Cairo taken first overall by Orlando Rory McElroy shot
Speaker 1: sixty two for the opening round, leading hard for the
Speaker 1: Colorado Avalanche, up three one on Tampa Bay Ken Tonight
Speaker 1: win this Dan Lka, John Dash Award Bloomberg Sports. Thank
Speaker 1: you all right, John, thank you right now. I sent
Speaker 1: p futures are highed by thirty two points adding to
Speaker 1: their games this morning. Dew futures up two to thirty six.
Speaker 1: Nastack futures are hired by a hundred twenty one points.
Speaker 1: That is a gain of one per cent. Send your
Speaker 1: Treasury now down five thirty second is the yield three
Speaker 1: point one zero percent. This is Bloomberg Bloomberg Day Break,
Speaker 1: brought to you by Hofstra University's Frank gz R School
Speaker 1: of Business, top ranked online NBA program of the Real
Speaker 1: World Foundation. Learn more at Hofstra dot e d u
Speaker 1: slash go grad markets, headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot com, the Bloomberg Business
Speaker 1: Outland at Bloomberg Quick takes a Bloomberg Business Flash, and
Speaker 1: I'm Karen Moscow. The technology sector giving a look to
Speaker 1: stocks and bonds are holding a rally as investors evaluate
Speaker 1: economic threats and scale back expectations for inflation. And interest
Speaker 1: rate hikes. We checked the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg. Right now, US and P
Speaker 1: futures are up thirty two points down futures have two
Speaker 1: D thirty and NASDACK futures up a hundred twenty. The
Speaker 1: deck Center Many is up nine tenths of up percent.
Speaker 1: Ten year Treasury down four thirty seconds. You have three
Speaker 1: point one zero percent and the yield on a two
Speaker 1: year three point three percent. NIMEX screwed oil is up
Speaker 1: one point four percent of a dollar forty three and
Speaker 1: a hundred five dollars seventy cents of barrel. Comex school
Speaker 1: this it'll change at one thousand, eight hundred twenty eight
Speaker 1: dollars announced, The euro one point oh five for eight
Speaker 1: against the dollar, British bound one point to two nine
Speaker 1: four and the end at one thirty five point one too.
Speaker 1: And Bitcoin this morning is up four tenths percent at
Speaker 1: twenty thousand, eight hundred eighty dollars. As a Bloomberg Business flash,
Speaker 1: now here's Michael Barr with more on what's going on
Speaker 1: around the world. Uncle Karen, thank you very much. Congress
Speaker 1: is on the verge of approving of thirteen billion dollar
Speaker 1: bipartisan gun violence bill. How's approval is expected today on
Speaker 1: legislation that would be the lawmaker's most sweeping answer in decades.
Speaker 1: The Senate approved the measure yesterday, with fifteen Republicans joining
Speaker 1: Democrats and backing passage. How's GOP representatives Matt Gate, Scott Perry,
Speaker 1: Andy Biggs, Louis Gohmert, and Moe Brooks all contacted White
Speaker 1: Al staffers seeking pardons from Donald Trump. According to video
Speaker 1: testimony played by the committee investigating the January sixth riot
Speaker 1: at the US Capitol. In baseball, the Yankees one along
Speaker 1: with the Orioles, the Giant, and as lost. Global News
Speaker 1: twenty four hours a day on air, rand on Bloomberg
Speaker 1: Quick Take, powered by more than twenty hundred journalists analysts
Speaker 1: more than a hundred twenty countries. Michael bar this is Bloomberg.
Speaker 1: Nathan all right, Michael, Thanks at six nineteen on Wall
Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is
Speaker 1: Bloomberg Daybreak, with so many historic developments happening in just
Speaker 1: the last couple of hours, really in Washington, d C.
Speaker 1: We're very pleased to be joined by Terry Haynes, founder
Speaker 1: of PANGEA Policy to sort out what's going on, particularly
Speaker 1: on the guns issue. Terry, good morning. We've had the
Speaker 1: first significant piece of gun safety legislation to move forward
Speaker 1: on Capitol Hill in decades. At the same time, we've
Speaker 1: gotten the first major expansion of gun rights to come
Speaker 1: out of the Supreme Court in more than a decade.
Speaker 1: What's the impact, good morning, Nathan. Uh, you know, I
Speaker 1: think the impact is what people ought to look at.
Speaker 1: I think, uh, between the headlines and potential dissonance of
Speaker 1: this here is that there really isn't any dissonance. Uh.
Speaker 1: And you know, don't believe me, believe the United States
Speaker 1: Senate because that that Supreme Court ruling came out yesterday,
Speaker 1: which I'd largely look at, as you know, it's an
Speaker 1: important ruling, but it's a detail ruling to detail about
Speaker 1: about how states can regulate gun carry. And nobody in
Speaker 1: the Senate stood up and said, wait a minute, we've
Speaker 1: got to completely redo what we're doing here. Uh. Nobody said,
Speaker 1: you know, this is fundamentally at odds with what we're doing.
Speaker 1: None of that stuff, and uh, you know, and you know,
Speaker 1: I find the the voices of reason here to be First,
Speaker 1: the New York Police Commissioners said, you know, nothing changes
Speaker 1: if you're uh, you know, if you're carrying a gun illegally,
Speaker 1: you're still going to get arrested and prosecuted. Justice Kavanaugh,
Speaker 1: I think importantly, said, look, you know, you can still
Speaker 1: do a lot of things. You can still require fingerprinting,
Speaker 1: background check, metal health training and firearms handling, all those
Speaker 1: sorts of things. You just can't involve yourself in the
Speaker 1: sort of you know, sensitive place uh in you know,
Speaker 1: good moral character, sorts of things that New York had
Speaker 1: been doing. Um And finally, you know, you're gonna see
Speaker 1: a shakeout period, I think where you know, there's still
Speaker 1: gonna be a battle over the precise parameters concealed carry legislation,
Speaker 1: you know, but nothing here, you know, fundamentally strikes at
Speaker 1: the heart of being able to do the sorts of
Speaker 1: things that Congress and the President are about to do
Speaker 1: on guns. So you know, we have a you know,
Speaker 1: I think we have a good net good here. Frankly,
Speaker 1: in terms though of the Supreme Court justifying now the
Speaker 1: Second Amendment as as applying to the right to carry
Speaker 1: arms outside the home, that does set a significant precedent
Speaker 1: in terms of what states can do in terms of
Speaker 1: regulating firearms. Doesn't it? I think it's a I certainly
Speaker 1: think it's a clarification. But you know, I will I
Speaker 1: will say I think that you know, anybody that expresses
Speaker 1: shock over the idea that the Court was going to
Speaker 1: that the Court might or excuse me, anybody was going
Speaker 1: to express shock over the idea that the Court was
Speaker 1: somehow going to regulate carry outside the home. Uh, you know,
Speaker 1: I think it was dreaming. That's clearly not the thrust
Speaker 1: of the Second Amendment. However you feel about the militia clause. Uh, So,
Speaker 1: you know, net net um, you know what we have
Speaker 1: here is we have an affirmation of of of an
Speaker 1: existing rights with some more specificity rather than an expansion
Speaker 1: that in my own view, In terms of the bill
Speaker 1: that is going now to the House, the Bipartisan Gun
Speaker 1: Safety Legislation, we had fifteen Republicans vote with Democrats in
Speaker 1: the Senate, and we spoke with Texas Republican Congressman Kevin Brady.
Speaker 1: He sounds like he's on board with this bill as well.
Speaker 1: Even though the National Rifle Association has come out against it.
Speaker 1: Is their potential for political blowback for Republicans who support
Speaker 1: this legislation, Um, I think a little bit. But the yeah,
Speaker 1: but I think what you see is, you know, there's
Speaker 1: potential for blowback from Democrats or four Democrats and Republicans. Frankly,
Speaker 1: you have, uh, you have absolutists or purists on both
Speaker 1: sides that will be very very disappointed to anybody that
Speaker 1: wants to adopt a more centrist or more incrementalist position.
Speaker 1: But you know, the fact of the matter here is
Speaker 1: that you know, both parties have been engaging for decades
Speaker 1: now in more absolutist positions that that wardered the ability
Speaker 1: of of good common sense laws like the one they're
Speaker 1: the one that's about to become law provide. And you
Speaker 1: know Democrats were even ten years ago on the background
Speaker 1: check business. As many Democrats voted against the background check laws,
Speaker 1: Republicans voted for it. Both parties carry I think the
Speaker 1: the stain of you know, not wanting to are wanting
Speaker 1: to have the perfect be of the enemy the good
Speaker 1: and that's about to uh, that's about to change, and
Speaker 1: that's a good thing. Broader too. Thanks as always Terry
Speaker 1: for being with us for your insights. Terry Haynes is
Speaker 1: the founder of Pangea Policy and the interest of Transparency.
Speaker 1: We should note that Michael Bloomberg, the founder and majority
Speaker 1: owner of Bloomberg Radio parent company Bloomberg LP, donates two
Speaker 1: groups that support gun control, including Every Town for Gun Safety.
Speaker 1: Right now, SMP futures are up twenty nine points. Now
Speaker 1: futures of NAZAC futures hired by one hundred twelve points.
Speaker 1: You're listening to Bloomberg day Break Bloomberg eleven three oh
Speaker 1: weather turning partly Sunday with highs and the low eighties.
Speaker 1: Today will be in the oper eighties, maybe ninety degrees
Speaker 1: for the weekend. Current temperature in Central Park sixty three degrees.
Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Living Free on to Washington, d C, Bloomberg
Speaker 1: to Boston, Bloomberg one O six one to San Francisco,
Speaker 1: Bloomberg Non sixty to the country Sirius XM chto one
Speaker 1: nineteen and around the globe the Bloomberg Business app in
Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak. It's six
Speaker 1: thirty on Wall Street. Good morning. I'm Nathan Hagar and
Speaker 1: I'm Karen mos Gaw. We are just about three hours
Speaker 1: away from the open of US training. It's time for
Speaker 1: the five things you need to notice start your day.
Speaker 1: Brought to you by I b k R Investment Advisers
Speaker 1: switched to Interactive Brokers for lowest cost global training and
Speaker 1: turnkey custody solutions, no ticket charges and no conflicts of
Speaker 1: your interests at I b k R dot com slash r.
Speaker 1: I a first, a major piece of gun safety legislation
Speaker 1: in decades, has passed this Senate by a wide margin.
Speaker 1: It now heads to the House, where Texas Republican Kevin
Speaker 1: Brady says it should get by partisan support. I think
Speaker 1: hardening the schools makes good sense. And uh, I think
Speaker 1: uh oping the penalties on those who draw purchase who
Speaker 1: are buying specifically to give to someone you know who
Speaker 1: is analygible normally criminals there. You know, I really think
Speaker 1: that is that is very helpful. Republican Congressman Kevin Brady
Speaker 1: spoke with our Washington corresponded Joe Matthew on Bloomberg Sound
Speaker 1: on Catch the Show weekdays at five pm Eastern on
Speaker 1: Bloomberg Radio. Well, the move comes the same day Karen
Speaker 1: that the Supreme Court struck down a New York law
Speaker 1: that required people to show a special need to carry
Speaker 1: end gun in public. Meantime, Nathan aheaded at controversial ruling
Speaker 1: and confidence in the Supreme Court reached a new low.
Speaker 1: When we get the latest life from Bloomberg's Reneed a
Speaker 1: young good Morning, Ready to good morning, Karen. A gallop
Speaker 1: pole measuring faith in institutions over fifty years shows many
Speaker 1: societal pillars are having a bad year, but the eleven
Speaker 1: point dropped for the nation's highest court is about double
Speaker 1: the decline experienced by other institutions. In the survey, confidence
Speaker 1: in the Supreme Court this year has slid among Democrats
Speaker 1: from thirty percent to percent, and from forty to twenty
Speaker 1: five percent among Independence For Republicans, the gallop Pole says
Speaker 1: confidence has risen from thirty seven to thirty nine percent.
Speaker 1: Live in New York, I'm reneed a young Bloomberg daybreak,
Speaker 1: we need to thank you and europe. Boris Johnson has
Speaker 1: suffered a major election upset, losing a formerly safe parliament
Speaker 1: set in Southwest England. Separately, Johnson's party was beaten by Labor,
Speaker 1: raising fresh questions about the Prime Minister's popularity well. Turning
Speaker 1: to the markets now, Nathan, futures are higher, WES stocks
Speaker 1: on track for their first weekly gain in a month,
Speaker 1: The SNP is game more than three percent in this
Speaker 1: shortened holiday trading week, and Wall Street's biggest banks are
Speaker 1: now set to return tens of billions of dollars to investors. Karen,
Speaker 1: Banks all passed the Federal Reserves annual test of their
Speaker 1: ability to withstand market term. Wall shares a fed except
Speaker 1: about three percent in early trading. Nathan, the delivery service
Speaker 1: company forecast annual earnings that beat Atalysts estimates. And that's
Speaker 1: the five things that you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers and straight to head
Speaker 1: your latest local headlines, plus a check of sports. And
Speaker 1: this is Bloomberg. Thanks and Wall Street. Sixty three degrees
Speaker 1: in Central Park and still dealing with a service suspension
Speaker 1: on the Long Island Railroad. Will fleeing with the details
Speaker 1: and traffic shortly. First, Michael Barr has more on what's
Speaker 1: going on in New York and around the world. Michael,
Speaker 1: thank you very much. Nathan. New York lawmakers are reacting
Speaker 1: to the Supreme Court's ruling striking down the state century
Speaker 1: old law limiting the right to carry a concealed handgun
Speaker 1: in public. Governor Kathy Hocle says the decision isn't just reckless,
Speaker 1: it's reprehensible. You have taken away our right to have
Speaker 1: reasonable restrictions. We can have restrictions on speech, you can't
Speaker 1: yell fire in a crowded theater, but somehow there's no
Speaker 1: restrictions allowed on the Second Amendment. New York committing Eric
Speaker 1: Adams echoed Governor Hocle's remarks. While we're still analyzing the decision,
Speaker 1: we can say with certainty this decision has made every
Speaker 1: single one of us less safe from gun violence many or.
Speaker 1: Adams says, New York can't be the wild Wild West.
Speaker 1: Congressman Richie Torres represents part of New York City. The
Speaker 1: ability of masses of people to carry guns in New
Speaker 1: York City is going to fundamentally change life in the
Speaker 1: city as we know. Congressman Tours says the Supreme Court
Speaker 1: is undermining the ability of cities like New York to
Speaker 1: keep the public safe. Meanwhile, State Republican Committee Chairman Nick
Speaker 1: Langworthy says Democrats are trying to create fear and division
Speaker 1: over what he characterizes as legal gun owners rights to
Speaker 1: protect themselves and their families. All of this on the
Speaker 1: same day, an NYPD detective was injured after gunfire erupted
Speaker 1: in the Brownsville section of Brooklyn in m p D.
Speaker 1: Officials say two officers were inside a marked vehicle when
Speaker 1: shots rang out. The suspect escaped after a brief chase.
Speaker 1: The Manhattan District Attorney's Office is hosting a gun buy
Speaker 1: back event. It will take place tomorrow at the Soul
Speaker 1: Saving Station Church in Harlem, New Yorkers will be allowed
Speaker 1: to turn over up to five guns. It's five hundred
Speaker 1: dollars for assault rifles, a hundred fifty for rifles or shotguns,
Speaker 1: and fifty dollars for BB guns or imitation pistols. It
Speaker 1: was one year ago today that of each Front condo
Speaker 1: building and Serve Side, Florida collapsed, killing nine. Eight people,
Speaker 1: including children, families and friends of the victims. Gathered at
Speaker 1: the collapse site for a private vigil at one two
Speaker 1: am to mark the time the building collapsed. Later this morning,
Speaker 1: First Lady Joe Biden is expected at a Serf Side
Speaker 1: public event along Island. Board of Trustees admits it was
Speaker 1: a wrong decision demand LGBT two Q content from the
Speaker 1: children's section of a library, including books and displays. The
Speaker 1: Smithtown Library Board of Trustees apologized and voted last night
Speaker 1: four two to reverse a previous vote initially banning the content.
Speaker 1: Global News twenty four hours a day on airand on
Speaker 1: Bloomberg Quick Take, Power a Boy, more than hundred journalists,
Speaker 1: analysts more than a hundred, twenty countries on Michael bar
Speaker 1: This is Bloomberg, Nathan, Thank you, Michael, six thirty six
Speaker 1: on Wall Street. John Stasharris got the Bloomberg Sports Update.
Speaker 1: All right, Nathan. Make it fifteen home wins in a
Speaker 1: row for the Yankees. That's something they haven't done in
Speaker 1: the nineteen one and fifteenth The most dramatic of all
Speaker 1: Yankees not only did not lead until the end, they
Speaker 1: did not have a hit from John Carlos Stanton's game
Speaker 1: time through and over in the first inning until Aaron
Speaker 1: hicks is game time three run homer in the bottom
Speaker 1: of the ninth oft the Astros Ryan Lee and then
Speaker 1: Aaron Judd with a walk off hit on a three
Speaker 1: oh pitch and the Yanks one in stunning fashion, beet
Speaker 1: Houston seven to six, quite a start to the four
Speaker 1: game series between the two teams who both have big
Speaker 1: Division lead better surprise to start the NBA Draft at
Speaker 1: the Barkley Center, most felt Orlando would take Auburn Jabari Smith.
Speaker 1: They instead went with Duke's Palo Bon Carroll, first of
Speaker 1: four from Duke taking in the first round. Oklahoma City
Speaker 1: stuck with Chad holmber In the seventh footer from Gonzaga,
Speaker 1: and that left Smith for Houston all three one and
Speaker 1: dunners in college. Knicks had the eleventh pick traded at
Speaker 1: to Oklahoma City for some future picks. The Knicks also
Speaker 1: dealt the unhappy Kemba Walker to Detroit. Nick drafted Dukes
Speaker 1: Trevor Keels in the second round. The Nets hosted the
Speaker 1: draft but didn't have any picks. Big question now does
Speaker 1: Kyrie Irving leave? Reportedly, if he does, the Knicks are
Speaker 1: one of the teams he'd liked to play for. And
Speaker 1: if kay Re leaves, is that then mean the departure
Speaker 1: of Kevin Durant. Roy mclroy shot sixty two as the
Speaker 1: opening round lead in Hartford. Arch Manning, third generation of
Speaker 1: the first family of quarterbacks, son of Cooper, nephew of Peyton,
Speaker 1: a grandson of our gen. He decided to play college
Speaker 1: football at Texas. Everyone else in the family except Peyton
Speaker 1: went to old miss who painted Manning's name in the
Speaker 1: end zone at a game last season. Didn't work, John
Speaker 1: spares that were Bloomberg Sports David, all right, John, thank
Speaker 1: you sixty seven on Wall Street. Time to take a
Speaker 1: look at stock some of the names moving in the
Speaker 1: pre market with Texas own Crety Goopa bloom for grading
Speaker 1: on TV markets corresponded, what's this, creaty. We're not starting
Speaker 1: a pre market update with Tesla, No, but we're getting
Speaker 1: pretty close. We might as well actually talk about Twitter here.
Speaker 1: Twitter shares are jumping. They were jumping as much as
Speaker 1: three point four percent on the pre market now pairing
Speaker 1: some of those games was still higher, about just shy
Speaker 1: of two percent. This morning is coming after Twitter look
Speaker 1: agreed to give Elon Musk more real time data this
Speaker 1: week that according to business insiders, So it looks like
Speaker 1: this is going to be a stock to watch. But
Speaker 1: since you mentioned it, might as well check on Tesla
Speaker 1: as well, I mean the just for you. Of course,
Speaker 1: there is that inverse dynamic between Twitter and Tesla, and
Speaker 1: Twitter shares go up, Tesla shares go down, the idea
Speaker 1: of being what might Elon Musk kind split attention mean
Speaker 1: for Tesla shares. Nevertheless, Tesla shares are actually up about
Speaker 1: one percent in the pre market, so it looks like
Speaker 1: that hasn't that news hasn't quite hit those shares yet.
Speaker 1: And along with Tesla, remember it is considered a big
Speaker 1: tech name, Apple shares are up as well, and you
Speaker 1: can see that all cross the big tech players A
Speaker 1: p L as your taker also up one per cent.
Speaker 1: So once again, right off the bat, it kind of
Speaker 1: right off the bat, seems like there might be some
Speaker 1: good news when it comes to a little bit of
Speaker 1: a rally today, at least based on what the big
Speaker 1: tech players are doing. But don't forget about the oil
Speaker 1: players as well, because this is going to be really interesting. Nathan,
Speaker 1: we were just talking about a take out bid for Twitter.
Speaker 1: Let's talk about a takeout bid for Occidental at least
Speaker 1: a potential one oh x Y is your taker here, this,
Speaker 1: of course is the oil company about two percent this morning.
Speaker 1: This is after an Occidental analyst she's a possible quote
Speaker 1: ideal buffet takeout bit saying that of course, britsure Hathaway
Speaker 1: is upping at steak in its oil producer Accidental by
Speaker 1: nine point six million shares just about, and it could
Speaker 1: lead the way to a potential takeover. So that speculation
Speaker 1: driving the shares this morning, Natan two points creating. Well,
Speaker 1: we're also watching FedEx. Of course, they came out pretty
Speaker 1: strong with earnings. They came out pretty strong with earnings,
Speaker 1: and remember FedEx is that major bell weather as well,
Speaker 1: so you can't actually look at the economy without looking
Speaker 1: at the likes of FedEx or ups the idea that
Speaker 1: it could be a proxy for that shipping story. Not
Speaker 1: only did they have some pretty strong learnings, they also
Speaker 1: lifted their forecast, which is interesting at a time when
Speaker 1: a lot of companies are cutting back or keeping their
Speaker 1: guidance about flat. Nevertheless, f d X as your taker,
Speaker 1: up about three percent in the pre market, and this
Speaker 1: is going to be significant as we look at decelerating
Speaker 1: corporate earnings, as we look at decelerating growth in the
Speaker 1: broader economy, and of course what those banks tell you
Speaker 1: as well. And of course, speaking of banks, very quickly, Nathan,
Speaker 1: take a look at JP Morgan here. JP Morgan shares
Speaker 1: up at four tenths of one percent means that as
Speaker 1: a proxy for all banks that have accord allegedly passed
Speaker 1: their stress tests from the FED. So good news for
Speaker 1: the financial sector. Thanks as always, Bloomberg Radio and TV
Speaker 1: Markets correspondent Pretty Gupta. As we look ahead to a
Speaker 1: solid open on Wall Street, actually with futures moving higher
Speaker 1: right now, SMP futures up thirty points, STOUT future is
Speaker 1: up two or thirteen, and Nasdaq futures higher by one
Speaker 1: sixteen points. That's again of one percent. On the tech
Speaker 1: heavy futures contracts. The tenure Treasury is down four thirty
Speaker 1: seconds for a yield of three point one zero percent.
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather partly sunny,
Speaker 1: low eighties to wrap up the week will be in
Speaker 1: the upper eighties to around ninety through the weekend. Currently
Speaker 1: sixty three degrees and cloudy in Central Park. Markets headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, at the Bloomberg Business apt and at Bloomberg
Speaker 1: Quick Take. This is a Bloomberg Business Flash and I'm
Speaker 1: Karin Moscow, and futures are moving higher this morning. We
Speaker 1: got to the first word breaking news dash for today's
Speaker 1: more Ninkle and here's Tantiana Darry Tatiana, good morning, Good morning, Karen.
Speaker 1: Futures are in the green today, like you mentioned, a
Speaker 1: led by technology stocks that aw features up the hundred points,
Speaker 1: s and PS up thirty, and nas jack up one
Speaker 1: sixteen cross As said, the Treasury's rally takes a breather,
Speaker 1: with the tenure yield up just a basis point to
Speaker 1: three point one percent, Oil is up a percent, and
Speaker 1: the dollar resumed declines. On the economic front today, the
Speaker 1: final reading of humage, consumer sentiment and new home sales
Speaker 1: at ten among FED speakers sent ly, FED President Bullard
Speaker 1: and San Francisco Fetchi Daily are due to speak in
Speaker 1: early trading this morning. Software maker zen Desk up a
Speaker 1: fifty percent after report it's close to a deal to
Speaker 1: be acquired. Regarding earnings, FedEx is higher after results last night,
Speaker 1: and lending Tree indicates lower aftercard cutting its forecast and
Speaker 1: other news. Keep an iron Bank stocks after the FED
Speaker 1: said all lenders have passed their annual stress test and
Speaker 1: wrapping things up here about slam was ray its new
Speaker 1: outperform at ever Corps, and Baxter was downgraded at Wells Fargo.
Speaker 1: Live from the First and Breaking News desk. I'm Tatiana
Speaker 1: Daria Karen. All right, Tatiana, thank you, and to hear
Speaker 1: lie breaking news over here at Bloomberg. Type squawk on
Speaker 1: your terminal, s q U, A w K and s
Speaker 1: A Bloomberg Business Flash. Now here's Michael Barrow with more
Speaker 1: on what's going on around the world. Michael Karen, thank
Speaker 1: you very much. The Senate vote of thirty three to
Speaker 1: approve bipartisan gun safety legislation. The vote came the same
Speaker 1: day at the Supreme Court struck down in New York
Speaker 1: law that required people to show a special need to
Speaker 1: carry a handgun in public. The head of the United
Speaker 1: Nations has warned the world faces catastrophe because of the
Speaker 1: growing shortage of food around the globe. U N Secretary
Speaker 1: General Antonio Guterres says the war in Ukraine has fueled
Speaker 1: and unprecedented global hunger crisis, already affecting hundreds of millions
Speaker 1: of people. In baseball, the Yankees one along with the Orioles,
Speaker 1: the Giants, and A's Lost Global News twenty four hours
Speaker 1: a day on air and Don Bloomberg Quicktach powered by
Speaker 1: more than twenty seven hundred journalists and analysts are more
Speaker 1: than a hundred twenty countries. I'm Michael Barren. This is Bloomberg,
Speaker 1: Karen alright, Michael Barr, thank you. It is six forty
Speaker 1: nine on Wall Street. We turned to news and science
Speaker 1: and technology now. But the Bloomberg n j I T.
Speaker 1: Stammer Report, RONZI U buy New Jersey Institute of Technology
Speaker 1: rank to top fifty national public university by US News
Speaker 1: and World Report and at top ten for best career
Speaker 1: placement among public schools by the Princeton Review. More at
Speaker 1: n j I T dot A d U and here's
Speaker 1: just making news. In science, Technology, Engineering, and math, a
Speaker 1: new study says that COVID vaccine saved an estimated twenty
Speaker 1: million lives in the first year of their rollout. According
Speaker 1: to data published in the Lancet Infectious Disease Journal, more
Speaker 1: than half of the lives saved were in wealthier countries.
Speaker 1: Researchers say about one in five lives lost due to
Speaker 1: COVID in poorer countries could have been saved if World
Speaker 1: Health Organization targets had been met. Scientists have discovered the
Speaker 1: world's largest bacterium and a ribbian mangrove swamp Most bacteria
Speaker 1: are microscopic, but this one is so big it can
Speaker 1: be seen with the naked eye. Scientists have not yet
Speaker 1: been able to grow it in lab culture about the
Speaker 1: researchers say the cell has a structure, and that's unusual
Speaker 1: for bacteria. The findings were announced in the journal Science.
Speaker 1: And hackers have stolen a hundred million dollars in an
Speaker 1: attack on a cryptocurrency bridge and app that lets people
Speaker 1: swamp coins between blockchains. Harmony says is working with national
Speaker 1: authorities and forensic specialists who identify the hackers and retrieve
Speaker 1: the money. Crypto bridges are seen as being particularly vulnerable
Speaker 1: to hacks, and as the Bloomberg and j I t
Speaker 1: Stem report. Nathan Okay, Karen, thank you. We are live
Speaker 1: from the Bloomberg Interactive Brokers studios where it's almost six
Speaker 1: fifty one on Wall Street Time now to check what's
Speaker 1: going on in d C. Some of the top stories
Speaker 1: in our nation's capital include the Senate passing bipartisan gun
Speaker 1: safety legislation by a wide margin, former President Trump's election
Speaker 1: fraud pursued put on display January sixth hearings, and President
Speaker 1: Biden heading to the G seven as allies fret over
Speaker 1: his troubles at home. Bloomberg Government reporter Emily Wilkins is
Speaker 1: here now with more on all these stories. Emily, the
Speaker 1: first major gun safety legislation in decades is now headed
Speaker 1: to the House. It is, and we are expecting to
Speaker 1: vote later this morning or early afternoon that we'll send
Speaker 1: it to President Biden's desk. But Nathan, as you point out,
Speaker 1: it says very weird split screen. Right now in Washington,
Speaker 1: d C. You have Congress moving this most significant new
Speaker 1: gun restrictions since the mid nineties, and literally on the
Speaker 1: other side of the street, the Supreme Court giving unprecedented
Speaker 1: UH ruling that allows people to carry guns outside of
Speaker 1: their home and kind of set some precedent for that, right, Um,
Speaker 1: and you kind of really highlights at this point exactly
Speaker 1: how controversial gun provisions remain. Even though you did see
Speaker 1: fifteen Senate Republicans partner with Democrats on the legislation that
Speaker 1: passed the Senate last night, you expect to see a
Speaker 1: lot more Republicans opposing that legislation today and the House
Speaker 1: House leadership as opposed to it. That's a noted contrast
Speaker 1: from the Senate, where Republican leadership was in support of it. Um.
Speaker 1: There are also some serious concerns about what the political
Speaker 1: future will mean for Republicans who do support this bill.
Speaker 1: We already saw one Republican, Chris Jacobs. He represents Buffalo.
Speaker 1: Obviously they had a tragic mass shooting the other month.
Speaker 1: He came out in support of a ban on assault weapons,
Speaker 1: and then a week later he announced that he wouldn't
Speaker 1: be seeking re election after losing a lot of internal
Speaker 1: party support. So a lot happening with the gun debate
Speaker 1: right now, um, and just kind of showing how even
Speaker 1: though progress is being made in Congress as far as
Speaker 1: gun control is concerned, there's still a lot of this
Speaker 1: debate left to go. It's interesting, as we heard from
Speaker 1: Terry Haynes earlier this hour, he doesn't really see much
Speaker 1: of a contrast between what Congress is doing and what
Speaker 1: the Supreme Court did in terms of actually restricting guns themselves.
Speaker 1: We don't have that in this legislation. No, we don't,
Speaker 1: And I mean there is a lot of measures that
Speaker 1: they don't go nearly as far as Biden and Democrats
Speaker 1: wanted them to go take. They wanted universal background checks.
Speaker 1: That's something Democrats are always talking about always talking to
Speaker 1: high levels of support among Americans for those there are
Speaker 1: expanded background checks, but only for those who are under
Speaker 1: twenty one. Uh. Same thing with those red flag laws
Speaker 1: that are meant to kept keep guns out of the
Speaker 1: hands of people who would be a danger to themselves
Speaker 1: or others. Democrats wanted a national law and stead they're
Speaker 1: going to set up a grant program that will give
Speaker 1: funding to states who want to set up a red
Speaker 1: flag program. But that's not even required because it's completely voluntary.
Speaker 1: And you've heard a Senator Chuck Schumer, you know he's
Speaker 1: he is. Well. Speaker Nancy Pelosi has said that this
Speaker 1: bill certainly doesn't go as far as Democrats would like,
Speaker 1: but Schumer said that they could not surrender to gridlock
Speaker 1: and that they had to try to forge a bipartisan
Speaker 1: path for to pass legislation. Now, let's turn to what
Speaker 1: we heard at the latest January six hearings. Pressure on
Speaker 1: the Justice Department and pardons sought by members of Congress. Yes,
Speaker 1: you had a number of members of Congress yesterday who,
Speaker 1: it was revealed, saught some sort of pardon either for
Speaker 1: themselves or others. Uh. Congressman Macgates, Scott Perry, Andy Biggs,
Speaker 1: Louis Gohmert, and Moe Brooks certainly some of them. You've
Speaker 1: you've heard these names before, Uh, they've been subpoenaed by
Speaker 1: the committee. Did not wind up showing up. And you
Speaker 1: also really saw the committee hone in on exactly how
Speaker 1: much pressure Trump put on his Justice Department into falsely
Speaker 1: saying that the election was stolen. We heard from Jeffrey Rosen,
Speaker 1: who was the acting Attorney General in January of one,
Speaker 1: and he testified that the Trump administration had this relentless
Speaker 1: pressure campaign to get him to overturn the election that
Speaker 1: included bringing up conspiracy theories about Italian satellites. He called
Speaker 1: that pure insanity. Um. And you had the Deputy Attorney
Speaker 1: General saying that Trump told him in December seven, call
Speaker 1: to quote, just say it was corrupt and leave the
Speaker 1: rest up to me and the Republican congressman um. And
Speaker 1: it really, I think kind of shows Nathan plays towards
Speaker 1: the Committee's overall thesis that Trump really did use whatever
Speaker 1: avenues he could in attempting to overturn the election and
Speaker 1: trying to push a theory that he had been told
Speaker 1: by his advisors wasn't viable to try to get an
Speaker 1: alternative set of electors to to claim that he had
Speaker 1: won key battleground states that voted for Biden. Got about
Speaker 1: a minute left here, Emily. President Biden is headed on
Speaker 1: an overseas trip over the next few days in a
Speaker 1: much different political position than he was the last time
Speaker 1: he left the country. He's got back to back trips
Speaker 1: for the G seven and then to Spain for a
Speaker 1: NATO meeting, and it really is a very different spot
Speaker 1: than Biden was in at this point last year. Um
Speaker 1: So you'll remember his his his ratings were high. Americans
Speaker 1: thought he was doing a great job, a country seemed
Speaker 1: to be on the right track. And then from there
Speaker 1: there have been a number of setbacks and Biden's approval
Speaker 1: rating at this point and some polls show it dipping below.
Speaker 1: And some of the concerns that we've Bloomberg has reported
Speaker 1: in a story that's on the terminal is that some officials,
Speaker 1: German officials, according to the story, are worried that after November,
Speaker 1: if Republicans were to win the House to win the Senate,
Speaker 1: it might um impede on the Biden administration and its
Speaker 1: ability to really be a leader Among European Union countries
Speaker 1: and other allies in putting pressure on Moscow. Now, of course,
Speaker 1: the president does have a lot of power when it
Speaker 1: comes to how they interact with foreign policy and foreign nations,
Speaker 1: and certainly Republicans are also concerned about the ongoing war
Speaker 1: in Ukraine. Uh So, I think there's a just kind
Speaker 1: of a big question mark of exactly what the Biden
Speaker 1: administration would look like in terms of foreign policy if
Speaker 1: Republicans controlled one or both branches of Congress. Interesting to
Speaker 1: hear how US allies are focused on domestic politics as
Speaker 1: much as many of us inside the Beltway are. Bloomberg
Speaker 1: Government reporter Emily Wilkins, as always, thanks for keeping us
Speaker 1: up to date on what's happening inside the Beltway, and
Speaker 1: you can read more about these stories on Bloomberg dot
Speaker 1: com or on the Bloomberg terminal. And a reminder that
Speaker 1: you can follow all the latest on Bloomberg Radio in Washington.
Speaker 1: Bloomberg and one oh five point seven FM h D
Speaker 1: two SFP Future is now up twenty seven points down,
Speaker 1: futures up a D eighty seven, NAZAC futures on the
Speaker 1: rise by a hundred four points. The tenure Treasury down
Speaker 1: four thirty seconds, the yield three point one zero percent,
Speaker 1: and the yield on the two year right now just
Speaker 1: about three point zero three percent. Bloomberg Surveillance next for
Speaker 1: Karen Moscow. I'm Nathan Hager, and this is Bloomberg