WEBVTT - Bloomberg Daybreak: April 13, 2022 - Hour 2 (Radio) 0:00:03.720 --> 0:00:06.960 Live from the Bloomberg Interactive Broker Studios. This is Bloomberg 0:00:07.040 --> 0:00:10.960 Daybreak for Wednesday, April thirteen two. Coming up this hour, 0:00:11.119 --> 0:00:14.240 the search continues for the Brooklyn subway shooter. We are 0:00:14.320 --> 0:00:16.720 live with the latest. The US is preparing a new 0:00:16.760 --> 0:00:20.439 search at military aid for Ukraine. JP Morgan Chase kicks 0:00:20.480 --> 0:00:24.480 off bank earnings and investors grace for the latest inflation report. 0:00:24.800 --> 0:00:27.880 New York's Lieutenant governor has resigned after being arrested for 0:00:28.040 --> 0:00:30.920 bribery charges. Plus more calls for the UK for Administer 0:00:31.080 --> 0:00:34.760 Johnson to step down. I'm Michael Barr. Bore Ahead. I'm 0:00:34.840 --> 0:00:37.640 John Stashtown Sports. The Nets beat the Calves, who advanced 0:00:37.680 --> 0:00:39.720 the way the Celtics, the loss for the Rangers, shut 0:00:39.760 --> 0:00:45.280 out wins for the Mets and Yankees. That's all trading 0:00:45.280 --> 0:00:48.919 ahead on Bloomberg Daybreak on Bloomberg eleven, Free on New 0:00:49.000 --> 0:00:53.080 York Bloomberg ninety nine one, Washington, d C Bloomberg one 0:00:53.080 --> 0:00:57.560 oh six one, Boston Bloomberg nine sixties and Francisco Syrius 0:00:57.640 --> 0:01:01.120 Exam one nineteen and around the world on Bloomberg Radio 0:01:01.240 --> 0:01:07.520 dot Com and via the Bloomberg Business opp Good morning, 0:01:07.560 --> 0:01:10.440 I'm Nathan Hagar and I'm Karen. Moscow and US Dock 0:01:10.480 --> 0:01:13.560 Index futures are higher this morning. We are coming up 0:01:13.560 --> 0:01:15.240 to six o one on Wall Street. I mean check 0:01:15.360 --> 0:01:17.880 the markets every fifteen minutes throughout the trading day. On 0:01:17.920 --> 0:01:21.440 Bloomberg right now, SMP futures are up about twelve points down. 0:01:21.480 --> 0:01:24.000 Future is up eighty four. NAS day Future is a 0:01:24.120 --> 0:01:26.920 fifty five. The ten year Treasury down five thirty seconds, 0:01:26.959 --> 0:01:29.800 held two points seven four percent, and the yield on 0:01:29.840 --> 0:01:33.080 the two year two point four one percent. NIMEX screwed 0:01:33.120 --> 0:01:35.560 oil is up four ten percent at a hundred one 0:01:35.600 --> 0:01:38.120 dollars one cent to barrel. Nathan. Thanks Karen. We'll have 0:01:38.120 --> 0:01:39.960 more on the markets in a minute. First, the man 0:01:40.040 --> 0:01:42.600 hunt is still on for a New York City shooter 0:01:42.640 --> 0:01:45.640 who opened fire during a morning rush hour incident at 0:01:45.640 --> 0:01:49.480 a subway station in Brooklyn. Bloomberg's Michael Bars following all 0:01:49.520 --> 0:01:51.640 the developments, has the very latest for US Live. What 0:01:51.680 --> 0:01:53.440 are you hearing, Michael, Thank you very much, Nathan. The 0:01:53.440 --> 0:01:56.560 gunman in the Brooklyn subway shooting fired at least thirty 0:01:56.760 --> 0:01:59.920 three bullets in the train, wounding ten people. At least 0:02:00.040 --> 0:02:03.600 thirteen others were injured, Police say the suspect put on 0:02:03.640 --> 0:02:06.640 a gas mask and set off two smoke bombs before 0:02:06.640 --> 0:02:09.240 he started shooting. Authorities are looking for a man who 0:02:09.320 --> 0:02:12.639 rented a U haul van they believe might be connected 0:02:12.639 --> 0:02:15.799 to yesterday's shooting. They have identified the man believed to 0:02:15.840 --> 0:02:18.520 be a person of interest in my p D. Chief 0:02:18.600 --> 0:02:24.160 James Essek says, Frank James has addresses in Philadelphia and Wisconsin. 0:02:24.560 --> 0:02:28.480 We are endeavoring to locate him to determine his connection 0:02:28.639 --> 0:02:32.400 to the subway shooting if any. Chief Essex says a 0:02:32.520 --> 0:02:34.880 key to the rendal van was found at the scene, 0:02:34.919 --> 0:02:38.760 along with the semi automatic handgun, hatchet, smoke grenades, and 0:02:38.760 --> 0:02:42.840 other items in New York. Michael Barb Bloomberg Daybreak, Karen Harry, 0:02:42.840 --> 0:02:45.040 Michael bar thank you. We will be hearing updates on 0:02:45.080 --> 0:02:48.280 this developing story throughout the morning and Tuesday. Shooting on 0:02:48.320 --> 0:02:50.480 the New York City subway comes at a time when 0:02:50.520 --> 0:02:53.400 crime is rising in the city. Former New York City 0:02:53.400 --> 0:02:56.360 Mayor Bill de Blasio tells Bloomberg's Joe Matthew the incident 0:02:56.440 --> 0:03:00.480 represents a troubling trend about gun violence across America. The 0:03:00.520 --> 0:03:03.239 pandemic created a host of problems and one of them 0:03:03.280 --> 0:03:06.360 was the free flow of guns that intensified in the 0:03:06.400 --> 0:03:10.040 last two years. We need stronger federal efforts to cut 0:03:10.080 --> 0:03:13.320 those off before they ever get into big cities. Former 0:03:13.360 --> 0:03:15.440 New York City Mayor Bill de Blasio spoke with our 0:03:15.480 --> 0:03:18.919 Washington corresponded Joe Matthew on Bloomberg Sound on. Catch the 0:03:18.919 --> 0:03:22.320 program weekdays at five pm Eastern or on Bloomberg Radio 0:03:22.360 --> 0:03:24.680 and stay tuned for an interview with the current Mayor 0:03:24.800 --> 0:03:26.960 of New York, Eric Adams. He sits down for a 0:03:27.040 --> 0:03:30.960 conversation on Bloomberg Surveillance. Coming up at five am Wall 0:03:31.000 --> 0:03:32.840 Street Time. Right now to the latest on the war 0:03:32.880 --> 0:03:35.480 in Eastern Europe, care and the presidents of Poland and 0:03:35.560 --> 0:03:37.960 the three Baltic States are heading to Kiev in a 0:03:38.000 --> 0:03:42.000 show of support for Ukraine. Meanwhile, the Biden administrations preparing 0:03:42.000 --> 0:03:45.760 a military assistance package for Ukraine. As President Biden doubles 0:03:45.840 --> 0:03:49.360 down on criticism of Vladimir Putin, Amy Morris has the 0:03:49.400 --> 0:03:53.480 tales from our Bloomberg newsroom in Washington. As President Biden 0:03:53.560 --> 0:03:56.840 spoke in Iowa about fuel prizes and inflation, he accused 0:03:56.920 --> 0:04:01.360 Vladimir Putin of committing genocide in Ukraine. Then before boarding 0:04:01.360 --> 0:04:06.680 Air Force One, he backed up those comments. It's good, 0:04:06.720 --> 0:04:09.120 different than was last week. The more evidence is coming 0:04:09.120 --> 0:04:13.440 out of the literally the horrible thing if the Russians 0:04:13.480 --> 0:04:17.120 have done in Ukraine. President Biden later added that lawyers 0:04:17.160 --> 0:04:21.320 would ultimately make that official determination putin said earlier peace 0:04:21.360 --> 0:04:24.520 negotiations with Ukraine or at a dead end. This as 0:04:24.560 --> 0:04:28.360 the administration prepares to ship weapons and other equipment to Ukraine, 0:04:28.560 --> 0:04:32.240 part of a seven fifty million dollar package of military assistance. 0:04:32.560 --> 0:04:35.680 In Washington, I'm any Morris, Bloomberg Daybreak, right, Amy, thank 0:04:35.720 --> 0:04:38.159 you now to the markets and quarterly results from banks 0:04:38.200 --> 0:04:40.760 kicked off this morning. We had more from Bloomberg Radio 0:04:40.800 --> 0:04:44.239 and television correspondent Shinali Basa. JP Morgan is the first 0:04:44.279 --> 0:04:47.360 of the big US banks to report earnings, and investors 0:04:47.360 --> 0:04:50.880 are expecting trading volumes to really start to decline. However, 0:04:51.200 --> 0:04:53.920 net interest income is expected to rise and that may 0:04:53.960 --> 0:04:56.280 start to offset some of the pressures in training and 0:04:56.360 --> 0:04:59.720 investment banking. Net interest in come will be dependent, however, 0:05:00.040 --> 0:05:03.720 on whether the yield curve remains under pressure. Investors will 0:05:03.760 --> 0:05:06.200 be looking for color on whether JP Morgan is also 0:05:06.240 --> 0:05:09.760 preparing for a recession that some investors expect to start 0:05:09.760 --> 0:05:13.840 as early as next year, or in bloomberg sinn Alle 0:05:13.960 --> 0:05:16.880 boss Age says expect earnings from JP Morgan Chase around 0:05:16.920 --> 0:05:19.360 seven am Wall Street time. Well, we wait for those 0:05:19.360 --> 0:05:22.240 corporate earnings, Karen. Let's turn to the economy now. Inflation 0:05:22.360 --> 0:05:24.920 once again is in focus this morning with the release 0:05:24.960 --> 0:05:27.760 of the March producer price Index. We get more from 0:05:27.760 --> 0:05:31.520 Bloomberg's Michael McKey. Supply chain disruptions from Russia's invasion of 0:05:31.640 --> 0:05:36.080 Ukraine and China's extensive COVID lockdown likely pushed producer prices 0:05:36.160 --> 0:05:40.680 higher during March, particularly for oil and agricultural commodities and 0:05:40.839 --> 0:05:45.560 Chinese consumer goods. US factories have reported widespread concern over 0:05:45.680 --> 0:05:49.400 rising costs, with prices of energy, grain, and fertilizer near 0:05:49.440 --> 0:05:53.080 all time highs. March consumer prices rose eight and a 0:05:53.120 --> 0:05:56.160 half percent over the past year, the fastest pace since 0:05:57.640 --> 0:06:00.719 Michael McKey Bloomberg daybreak. All right, go thank you about 0:06:00.720 --> 0:06:03.159 The FED will be closely watching data today and in 0:06:03.200 --> 0:06:05.000 the run up to their main meeting, and a couple 0:06:05.040 --> 0:06:07.359 of central bankers are speaking out this morning about the 0:06:07.400 --> 0:06:09.520 future of interest rates. And we get the latest lie 0:06:09.520 --> 0:06:12.120 from Bloomberg's rand A Young, Good morning, Randa, good morning 0:06:12.160 --> 0:06:14.880 care and St. Louis FED President Jim Bullard tells The 0:06:14.880 --> 0:06:18.400 Financial Times that US monetary policy needs to be tightened 0:06:18.400 --> 0:06:21.719 to a point that it curtail's economic growth or policy 0:06:21.760 --> 0:06:24.919 makers will risk their credibility. He supports a half a 0:06:24.960 --> 0:06:27.960 percentage point increase next month and says the rate should 0:06:27.960 --> 0:06:31.880 move up sharply after that. Richmond FED President Thomas Barkins 0:06:31.920 --> 0:06:34.240 says the Central Bank should raise interest rates to the 0:06:34.240 --> 0:06:37.520 neutral range as quickly as possible, and can move above 0:06:37.600 --> 0:06:41.200 that if price pressures continue. Live in New York, I'm 0:06:41.240 --> 0:06:44.480 Rnita Young Bloomberg Daybreak. All right, Nita, thanks youk. Inflation 0:06:44.560 --> 0:06:47.359 rose more than expected last month to a thirty year high. 0:06:47.400 --> 0:06:49.839 Consumer prices rose in March at an annual rate of 0:06:49.920 --> 0:06:53.599 seven percent. Higher inflation is on the way this month. 0:06:53.600 --> 0:06:56.080 There will be a fifty four percent increase in the 0:06:56.240 --> 0:06:59.320 energy price cap and Bluemberg day break is braunt to 0:06:59.360 --> 0:07:01.919 you by bing why Melons Pershing learned why the world's 0:07:01.960 --> 0:07:05.600 most sophisticated wealth management and institutional firms rely on Pershing 0:07:05.640 --> 0:07:09.200 to help them improve profitability, create efficiency, attract talent, and 0:07:09.279 --> 0:07:12.880 manage risk at Pershing dot com. Straight to hand your 0:07:12.920 --> 0:07:17.280 latest local headlines, plus a check of sports, and this 0:07:17.640 --> 0:07:24.160 is Bloomberg, all right, Karen, Thanks six oh seven on 0:07:24.200 --> 0:07:27.280 Wall Street, fifty five degrees in Central Park. As our 0:07:27.320 --> 0:07:30.920 coverage of the aftermath of the subway shooting in Brooklyn continues, 0:07:31.000 --> 0:07:33.400 let's get the very latest once again. Michael bars with us. 0:07:33.400 --> 0:07:36.840 Michael Nathan, thank you very much. Reaction and information continue 0:07:36.920 --> 0:07:40.240 from yesterday's mass shooting on a Brooklyn subway that left 0:07:40.600 --> 0:07:44.640 ten people's shot and more than a dozen injured. This 0:07:44.680 --> 0:07:47.440 man was one of the victims. You see like a smoke, 0:07:47.600 --> 0:07:50.720 black smoke bomb going off and then and then people 0:07:50.760 --> 0:07:53.080 bomb rushing to the back. This pregnant woman was in 0:07:53.120 --> 0:07:54.440 front of me. I was trying to help her. I 0:07:54.440 --> 0:07:56.600 don't know they were shots at first. I just thought 0:07:56.600 --> 0:07:59.480 it was a black smoke bomb. The New York City 0:07:59.480 --> 0:08:03.200 Police can Kaitian Sewell, the suspect is a dark skinned 0:08:03.200 --> 0:08:06.520 male and was wearing a neon orange vest and a 0:08:06.560 --> 0:08:10.600 gray colored sweatshirt. We do have a person of interest 0:08:10.680 --> 0:08:14.040 in this investigation, Commissioner Sewell says. He is identified as 0:08:14.080 --> 0:08:17.560 sixty two year old Frank James, A motive remains unclear. 0:08:17.920 --> 0:08:20.600 New York City Mayor Eric Adams says the city is 0:08:20.600 --> 0:08:24.560 working to ensure the safety of subway writers. Immediately. We're 0:08:24.600 --> 0:08:27.560 going to double down on our patrol strength. If I 0:08:27.680 --> 0:08:30.840 was not here coming from COVID, I would be on 0:08:30.840 --> 0:08:33.360 that subway system today because I think as a mayor, 0:08:33.360 --> 0:08:36.200 you have to leave from the front. Mayor Adams will 0:08:36.200 --> 0:08:39.120 speak to Bloomberg at eight forty five am All Street time. 0:08:39.400 --> 0:08:42.199 New York Governor Kathy Hukel agrees with many of Adams 0:08:42.200 --> 0:08:44.439 and calling for an end of gun violence. The last 0:08:44.440 --> 0:08:48.319 time there was a mess shooting on our subway system, 0:08:48.520 --> 0:08:51.959 I believe, so I don't want to act as if 0:08:52.400 --> 0:08:54.720 treat this a normal experience on our subway. This is 0:08:54.720 --> 0:08:57.920 a rarity, but one instance like this is one too many. 0:08:58.160 --> 0:09:01.320 President Biden echoed what Governor Vocal said. Jill and I 0:09:01.360 --> 0:09:03.079 and my wife Jill and I are pray for those 0:09:03.120 --> 0:09:05.880 who are injured in all those touched by that trauma. 0:09:06.040 --> 0:09:09.040 We're grateful for all the first responders who jumped into action, 0:09:09.120 --> 0:09:13.319 including civilians. Civilians who didn't hesitate to help their fellow 0:09:13.360 --> 0:09:16.079 passengers and try to shield him. President Biden says his 0:09:16.200 --> 0:09:19.160 team has been in touch with Mayor Adams and the NYPD. 0:09:19.760 --> 0:09:22.719 New York Lieutenant Governor Brian Benjamin has resigned in the 0:09:22.760 --> 0:09:26.240 wake of his arrest in a federal corruption investigation. Benjamin, 0:09:26.240 --> 0:09:29.559 a Democrat, was accused and an indictment of participating in 0:09:29.600 --> 0:09:33.200 a scheme to obtain campaign contributions from a real estate 0:09:33.240 --> 0:09:36.440 developer when he was a state senator. Benjamin pleaded not 0:09:36.520 --> 0:09:40.640 guilty yesterday after his arrest. British opposition politicians are again 0:09:40.679 --> 0:09:44.320 calling on UK Prime Minister Boris Johnson to resign. Police 0:09:44.320 --> 0:09:47.560 are finding the Prime Minister for breaking his own lockdown laws. 0:09:47.679 --> 0:09:50.720 On COVID Global News twenty four hours a day on 0:09:50.880 --> 0:09:53.920 air and on Bloomberg Quick Take, powered by more than 0:09:54.000 --> 0:09:57.320 twenty seven hundred journalists analysts more than a hundred twenty countries. 0:09:57.600 --> 0:10:05.240 Michael barn this is Bloomberg. They Michael, thank you almost 0:10:05.240 --> 0:10:07.600 sixtent on All Street time for the Bloomberg Sports Update 0:10:07.600 --> 0:10:09.960 with Johnstown Shower. All right, Nathan, After what was obviously 0:10:09.960 --> 0:10:12.800 a very harrowing morning in Brooklyn. The day ended there 0:10:12.800 --> 0:10:15.199 with an NBA playing game at the Parkleys Center and 0:10:15.240 --> 0:10:18.199 a victory for the Nets. Rebound reflected loose Trowls got 0:10:18.240 --> 0:10:20.760 a gain out to Irving left wing. Here's the three 0:10:20.880 --> 0:10:26.760 yscored Rick Hyrie. He still hasn't missed. Hey, Cleveland needs 0:10:26.760 --> 0:10:29.600 a timeout. Thatt's match their largest lead of the game. 0:10:30.559 --> 0:10:34.240 That's sixties seven of the Cats forty seven. Kyrie is 0:10:34.320 --> 0:10:37.120 ten for ten. Called Kyrie EVERMNNA going to make his 0:10:37.160 --> 0:10:40.520 first twelve shots. He scored thirty four points duran at five. 0:10:40.520 --> 0:10:43.559 The Nets never trailed, beat Cleveland one f one oh eight. 0:10:43.600 --> 0:10:46.160 Now it's on to Boston, Game one of the playoff 0:10:46.200 --> 0:10:49.240 series with the Celtics Sunday afternoon. Minnesota won the play 0:10:49.240 --> 0:10:51.840 in game in the West over the Clippers. The Rangers 0:10:51.840 --> 0:10:54.240 at the Garden. We're hoping to knock off Carolina moving 0:10:54.280 --> 0:10:57.200 to a time for first in the Metropolitan Division. Didn't happen. 0:10:57.600 --> 0:10:59.640 Hurricanes with three in the third, one four to two 0:10:59.640 --> 0:11:02.079 and now by four points. Chris Kryder did score a 0:11:02.160 --> 0:11:04.720 late goal for the Rangers. Became the fourth and team 0:11:04.760 --> 0:11:07.520 history to scored fifty in the season. Islanders beat the 0:11:07.520 --> 0:11:10.800 Penguins five four, Devils won six to Arizona. Shout out 0:11:10.840 --> 0:11:13.439 wins for both the Mets and Yankees. The Mets to 0:11:13.640 --> 0:11:16.800 nothing in Philadelphia's Tyler and McGill turned in his second 0:11:16.840 --> 0:11:18.760 brilliant out in McGill's two and oh is yet to 0:11:18.760 --> 0:11:21.640 allow a run. It over tennings on the mound. Max 0:11:21.640 --> 0:11:24.800 Scherzer starts this afternoon and Philly at the stadium. Yankees 0:11:24.840 --> 0:11:27.959 over Toronto for nothing. Esther Cortez didn't finish the fifteening, 0:11:28.000 --> 0:11:29.720 so it couldn't get the win, but he was outstanding, 0:11:30.080 --> 0:11:33.760 followed by four relievers together, Yankee pitchers allowed only five hits. 0:11:33.760 --> 0:11:36.320 Struck daft ten did not walk a better Aaron Hicks 0:11:36.320 --> 0:11:38.480 at at two on Homer. Derek Cole will start tonight, 0:11:38.840 --> 0:11:41.480 John stash Award Bloomberg School, Nathan all right, John, thank 0:11:41.520 --> 0:11:43.720 you right now. S and P futures are up thirteen points, 0:11:43.720 --> 0:11:47.400 Staff futures up ninety two, NASTAC futures higher by fifty 0:11:47.480 --> 0:11:50.480 seven points. The tenure treasury is down three thirty seconds, 0:11:50.480 --> 0:11:52.920 with the yield two point seven three percent yield on 0:11:52.960 --> 0:11:55.960 the two year two point three nine. The very latest 0:11:56.000 --> 0:11:58.240 on the man hunt for the Brooklyn subway shooter dextra 0:11:58.320 --> 0:12:02.839 Bloomberg's Creedy Kupta. As we continue our coverage, stay with us. 0:12:02.920 --> 0:12:08.800 This is Bloomberg Bloomberg day Break brought to you by 0:12:08.840 --> 0:12:12.200 Ancient Accountants and Advisor's challenging times call for proactive advisors 0:12:12.200 --> 0:12:15.480 who help minimize taxes, increased cash flow, and create opportunities 0:12:15.480 --> 0:12:22.240 for the future of your business. Visit Ancient dot com markets, 0:12:22.320 --> 0:12:25.400 headlines and breaking news twenty four hours a day at 0:12:25.440 --> 0:12:29.320 Bloomberg dot Com, the Bloomberg Business Out and at Bloomberg Cricktake. 0:12:29.600 --> 0:12:38.640 This is a Bloomberg Business flash and I'm Karen Moscow. 0:12:38.800 --> 0:12:41.600 US Dock Index futures on the rise this morning. Bonds 0:12:41.640 --> 0:12:44.720 are falling as investors way inflation risks against the start 0:12:44.720 --> 0:12:47.360 of earning season, and we check the markets every fifteen 0:12:47.400 --> 0:12:49.800 minutes throughout the trading day. On Bloomberg s and P 0:12:50.000 --> 0:12:52.559 futures of fifteen points this morning, DAL futures up a 0:12:52.640 --> 0:12:56.120 hundred four Nasdack future is up sixty one. The decks 0:12:56.160 --> 0:12:58.360 in Germany's down nine tenths of per cent, The ten 0:12:58.440 --> 0:13:01.120 year treasury down five thirty sec Ntel two point seven 0:13:01.160 --> 0:13:03.839 four percent yield on a two year two point four 0:13:03.920 --> 0:13:06.880 zero percent nine nex Screwed oil is at one point 0:13:06.880 --> 0:13:08.960 three percent of a dollar thirty at a hundred one 0:13:08.960 --> 0:13:11.720 dollars eighty eight cents of barrel Comax Gold is up 0:13:11.720 --> 0:13:15.720 three ten percent or six dollars ten cents at twenty announced, 0:13:15.920 --> 0:13:18.080 the euro one point oh a to eight against the 0:13:18.080 --> 0:13:20.760 dollar British found one point three zero zero seven and 0:13:20.800 --> 0:13:24.080 the yen at one six point one zero and bitcoin 0:13:24.200 --> 0:13:26.920 this morning at one point two percent at thirty nine thousand, 0:13:27.000 --> 0:13:30.320 nine hundred ninety nine dollars. Today we do get another 0:13:30.360 --> 0:13:32.520 look at inflation with the producer of Price and Next 0:13:32.559 --> 0:13:35.160 at today thirty Wall Straight Time and JP Morgan Chase, 0:13:35.240 --> 0:13:38.800 Black Rock and Delta among companies schedule to report earnings today. 0:13:39.040 --> 0:13:41.959 That's a Bloomberg business flashdown. Here's Michael Barr with more 0:13:42.040 --> 0:13:44.839 on what's going on around the world. Michael Darren, thank 0:13:44.880 --> 0:13:48.240 you very much. The New York City Police Department according 0:13:48.280 --> 0:13:52.160 to the latest information that gunman in yesterday's subway shooting 0:13:52.200 --> 0:13:54.839 in Brooklyn is still on the loose. In my PD 0:13:54.880 --> 0:13:58.280 Commissioner Keaching seol. As detectives process the crime scene, they 0:13:58.360 --> 0:14:03.240 recovered a nine millimeter some atomatic handgun, extended magazines, and 0:14:03.320 --> 0:14:06.240 a hatchet. Police are looking for a person of interest. 0:14:06.280 --> 0:14:09.600 He is identified as sixty two year old Frank James 0:14:09.880 --> 0:14:11.840 in the NBA, the NETS Beat, the Calves in the 0:14:11.840 --> 0:14:15.080 Eastern Jofford's playing an opener. Brooklyn now faces the Celtics 0:14:15.080 --> 0:14:18.800 on Sunday. In MLB, the Yankees Mets Red Sox all 0:14:18.880 --> 0:14:22.400 one the Giants one, and made history. Alyssa Knockin became 0:14:22.440 --> 0:14:24.720 the first female coach on the field in the regular 0:14:24.760 --> 0:14:28.920 season game after the original first base coach was ejected. 0:14:29.280 --> 0:14:31.600 The Nationals Orioles and A is lost. In the NHL, 0:14:31.640 --> 0:14:34.640 the Islanders wanting to shoot out the Penguins five four, 0:14:34.720 --> 0:14:37.960 the Rangers lost, Devils and Capitals one. Global News twenty 0:14:38.000 --> 0:14:40.880 four hours a day on air and on Bloomberg Quicktake 0:14:40.920 --> 0:14:43.880 by word by more than twenty seven hundred journalists and 0:14:43.880 --> 0:14:47.160 analysts more than twenty countries. Michael bar this is Bloomberg 0:14:47.200 --> 0:14:49.440 nag right, Michael, thank you. It is six nineteen on 0:14:49.480 --> 0:14:52.320 Wall Street Live from the Bloomberg Interactive Broker Studios. This 0:14:52.400 --> 0:14:55.040 is Bloomberg Daybreak as we continue our coverage for the 0:14:55.120 --> 0:14:58.880 ongoing manhunt for the suspect in the Brooklyn subways shooting. 0:14:58.920 --> 0:15:03.640 Bloomberg Radio and te correspondent Pretty Gupta was in Brooklyn 0:15:03.840 --> 0:15:08.360 yesterday as this investigation was just getting underway. Creates with 0:15:08.400 --> 0:15:10.840 me now in the studio. Pretty good to see you. 0:15:11.000 --> 0:15:14.160 There have been so many developments in just the last 0:15:13.960 --> 0:15:17.240 little less than twenty four hours when this incident first 0:15:17.440 --> 0:15:20.320 began at the thirty six Street station. Get us caught 0:15:20.400 --> 0:15:22.880 up on what we know so far, what police are 0:15:22.880 --> 0:15:25.680 saying about what unfolded yesterday on that train. Yeah, let's 0:15:25.720 --> 0:15:27.600 just start off with the events here. You did have 0:15:27.800 --> 0:15:31.400 essentially gunman who had open fired in a subway car 0:15:31.600 --> 0:15:34.160 on the end line of this is for international audience, 0:15:34.240 --> 0:15:37.880 essentially a very key MP subway line that goes straight 0:15:37.920 --> 0:15:40.160 into from the residential areas of Brooklyn into the heart 0:15:40.200 --> 0:15:42.400 of Manhattan. So a lot of people who live out 0:15:42.440 --> 0:15:45.200 there in Brooklyn actually use it, especially in the morning commute. 0:15:45.360 --> 0:15:48.000 So this call to the fire department happened about eighty 0:15:48.080 --> 0:15:51.480 four a m. And the reports were essentially that a 0:15:51.520 --> 0:15:54.880 gunman had opened fired and after releasing two smoke canisters, 0:15:55.040 --> 0:15:57.280 put on a construction vest and a gas mask and 0:15:57.280 --> 0:16:00.360 then had fled the scene off. That ten people had 0:16:00.360 --> 0:16:03.720 gunshot wounds and other thirteen injured. And since then we 0:16:03.800 --> 0:16:06.320 know that there is a person of interest that's linked 0:16:06.320 --> 0:16:08.320 to the crime scene. We don't know if he is 0:16:08.360 --> 0:16:11.680 the gunman necessarily but police and FBI agents are looking 0:16:11.760 --> 0:16:14.080 for Frank James about sixty two years old, as you 0:16:14.160 --> 0:16:17.120 just heard Michael Barr report. And this again was linked 0:16:17.160 --> 0:16:19.760 to keys that were found to a rented U haul 0:16:19.880 --> 0:16:23.359 van with a dresses going back to Philadelphia and Milwaukee 0:16:23.360 --> 0:16:25.640 once again that found on the subway platform. So the 0:16:25.640 --> 0:16:28.760 police have not confirmed then whether this Frank James who 0:16:28.760 --> 0:16:33.080 they've named in this investigation is actually their prime suspect 0:16:33.080 --> 0:16:35.160 at this point, right. And they're very careful about this. 0:16:35.200 --> 0:16:37.800 You can see that language is obviously a very key 0:16:37.800 --> 0:16:40.280 thing that they're keeping in touch. They're not saying that 0:16:40.360 --> 0:16:42.320 he is the gunman or he's the shooter, just that 0:16:42.800 --> 0:16:44.360 um and they were very clear that this is the 0:16:44.360 --> 0:16:46.560 only connection we have to Frank James as these keys 0:16:46.560 --> 0:16:48.480 to a U haul van, and they made very clear. 0:16:48.520 --> 0:16:50.360 The other thing that they were very clear about was 0:16:50.400 --> 0:16:53.080 that this was not an act of terrorism. They very 0:16:53.120 --> 0:16:54.960 of course, we know there's a sensitive history with New 0:16:55.040 --> 0:16:57.640 York City on that Amanda around the world frankly, but 0:16:57.680 --> 0:17:00.080 he was saying or the gunman was or the me 0:17:00.120 --> 0:17:02.520 the police commissioner was saying, to be very clear, uh 0:17:02.640 --> 0:17:05.560 what that this was in an act of terror? And 0:17:05.680 --> 0:17:07.960 the assumption was that the gunman was acting alone. Yeah, 0:17:08.000 --> 0:17:10.960 they have said explicitly that they're not investigating this as 0:17:11.000 --> 0:17:13.480 an active terror at this point. But something we've seen 0:17:13.920 --> 0:17:17.239 throughout New York City history for decades, of course, is 0:17:18.240 --> 0:17:22.080 ebbs and lulls when it comes to violent crime in 0:17:22.160 --> 0:17:26.080 this city. Of course, Eric Adams, the mayor, campaigned on 0:17:26.400 --> 0:17:30.760 fighting crime, being tougher on crime, supporting police and trying 0:17:30.800 --> 0:17:34.720 to instill confidence in a subway system that has been 0:17:35.320 --> 0:17:38.800 decimated by COVID. Yeah, and it's really tricky here because 0:17:38.800 --> 0:17:41.560 a lot of the UH kind of issues with some 0:17:41.600 --> 0:17:44.360 of this investigation is that things like the surveillance cameras 0:17:44.160 --> 0:17:47.679 had had malfunctioned. Um, you had routine police check that 0:17:47.680 --> 0:17:50.639 we're supposed to happen across every subway platform. They did happen, 0:17:50.640 --> 0:17:53.320 but there was no police presence when when this UH, 0:17:53.480 --> 0:17:55.640 these events unfolded, So there was a lack in terms 0:17:55.640 --> 0:17:58.479 of getting help to the people that were affected. So 0:17:58.720 --> 0:18:01.080 to Eric Adams point, yes, there's a lot of kind 0:18:01.080 --> 0:18:03.120 of push to get people, especially in New York City, 0:18:03.160 --> 0:18:05.359 back into the city five days a week. New York 0:18:05.400 --> 0:18:07.320 City really lacking some of the other major cities in 0:18:07.400 --> 0:18:10.800 America from that perspective. But also this doesn't necessarily help. 0:18:10.800 --> 0:18:12.080 You are going to start to see a little bit 0:18:12.080 --> 0:18:15.640 of hesitance. Just yesterday actually in the evening commute back home, 0:18:15.720 --> 0:18:18.720 you saw a lot of people choosing other modes of 0:18:18.840 --> 0:18:21.879 traffic or transport. I should say cars where you had 0:18:21.960 --> 0:18:24.480 uber and lift, remove your surge pricing, you had them. 0:18:24.520 --> 0:18:27.000 Take busses you had them, so I'm just walking on 0:18:27.080 --> 0:18:29.760 foot um taxis. Even so, those are all gonna be 0:18:29.840 --> 0:18:32.119 questions that Eric Adams has to answer. How does he 0:18:32.200 --> 0:18:34.159 make New York City safer? Yeah, and when I was 0:18:34.200 --> 0:18:38.320 riding the train yesterday, I noticed of significant police and 0:18:38.920 --> 0:18:42.800 military clothes presence around a lot of the subway stations. 0:18:42.960 --> 0:18:45.240 Is that what commuters can expect this morning and in 0:18:45.400 --> 0:18:47.919 subsequent days they can probably expect of this morning. This 0:18:47.960 --> 0:18:49.720 is not just a New York City story. We've heard 0:18:49.720 --> 0:18:55.880 of heavily armed presences across across the country. L A, Philadelphia, Chicago, UM, 0:18:55.880 --> 0:18:58.440 all really amping up their presence, even though once again 0:18:58.440 --> 0:19:01.280 to really emphasize the sports here did say that this 0:19:01.359 --> 0:19:03.639 was not an act of terrorism. This was an isolated 0:19:03.880 --> 0:19:06.480 event um and they are still searching for for the 0:19:06.520 --> 0:19:08.520 man that is the person of interest as well as 0:19:08.520 --> 0:19:10.880 the shooter. So a lot more questions to be answered. 0:19:10.920 --> 0:19:14.160 We know you'll be asking many of them and gathering 0:19:14.320 --> 0:19:18.600 much more information. Creedy Goopta, Bloomberg Radio and TV markets 0:19:18.720 --> 0:19:23.040 correspondent with us this morning, had been in Brooklyn yesterday 0:19:23.680 --> 0:19:26.280 as this investigation was getting under way. And we should 0:19:26.400 --> 0:19:29.320 note that we will be speaking later this morning with 0:19:29.400 --> 0:19:31.840 New York City Mayor Eric Adams. He's going to be 0:19:31.920 --> 0:19:35.240 joining Bloomberg Radio and Television at eight forty five Wall 0:19:35.280 --> 0:19:37.280 Street Times. Who want to make sure to tune in 0:19:37.359 --> 0:19:41.440 for that conversation later this morning on Bloomberg Surveillance. Looking 0:19:41.480 --> 0:19:44.320 ahead to the market, open futures are moving higher. We 0:19:44.359 --> 0:19:47.280 have SMP futures up fourteen points right now, Dow future 0:19:47.320 --> 0:19:49.840 is up a hundred four NAZAC future is higher by 0:19:49.880 --> 0:19:52.960 fifty two points. The tenure treasury right now down five 0:19:53.000 --> 0:19:56.000 thirty seconds. The yield two point seven four percent now 0:19:56.040 --> 0:19:57.880 on the tenure note, and the yield on the two 0:19:57.960 --> 0:20:03.120 year two point four one percent. You're listening to Bloomberg Daybreak. 0:20:07.359 --> 0:20:09.560 Bloomberg Daybreak brought to you by the Jewish Communal Fund 0:20:09.600 --> 0:20:11.440 j c F S donor advised fund is the smart 0:20:11.520 --> 0:20:14.280 choice to manage your philanthropy, especially in times of crisis. 0:20:14.359 --> 0:20:17.159 Make your giving impactful. Visit j c f n Y 0:20:17.920 --> 0:20:25.760 dot org. Broadcasting live from the Bloomberg Interactive Broker's studio 0:20:25.880 --> 0:20:29.040 in New York. Bloomberg E Loving Freedom to Washington, d C, 0:20:29.240 --> 0:20:33.960 Bloomberg to Boston, Bloomberg one oh six one to San Francisco, 0:20:34.040 --> 0:20:37.240 Bloomberg non sixteen to the Country, Sirius XM to the 0:20:37.320 --> 0:20:40.639 one nineteen and around the globe the Bloomberg Business and 0:20:40.720 --> 0:20:50.160 Bloomberg Radio dot com. This is Bloomberg Daybreak six thirty 0:20:50.160 --> 0:20:52.360 on Wall Street. Good morning, I'm Nathan Hagar and I'm 0:20:52.440 --> 0:20:55.000 Karen Moscow. You're just about three hours away from the 0:20:55.040 --> 0:20:57.119 open of US trading. Time for the five things you 0:20:57.160 --> 0:20:59.160 need to notice start your day. Brought to you by 0:20:59.240 --> 0:21:02.560 Interactive Oker Simple I p k our Global Trader app. 0:21:02.880 --> 0:21:05.520 Deposit in your local currency and trade stocks in the US, 0:21:05.600 --> 0:21:08.240 Europe and Asia. Start your free trial at ibk r 0:21:08.359 --> 0:21:11.720 dot com slash Global Trader at First. The New York 0:21:11.720 --> 0:21:14.560 City Police Department has identified a person of interest and 0:21:14.680 --> 0:21:17.960 yesterday's subway shooting. Ten people were wounded and thirteen were 0:21:18.000 --> 0:21:21.520 injured in the attack, and YPD Chief James Essay says 0:21:21.560 --> 0:21:24.760 officials are looking for sixty two year old Frank James. 0:21:25.119 --> 0:21:29.080