Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, April thirteen two. Coming up this hour,
Speaker 1: the search continues for the Brooklyn subway shooter. We are
Speaker 1: live with the latest. The US is preparing a new
Speaker 1: search at military aid for Ukraine. JP Morgan Chase kicks
Speaker 1: off bank earnings and investors grace for the latest inflation report.
Speaker 1: New York's Lieutenant governor has resigned after being arrested for
Speaker 1: bribery charges. Plus more calls for the UK for Administer
Speaker 1: Johnson to step down. I'm Michael Barr. Bore Ahead. I'm
Speaker 1: John Stashtown Sports. The Nets beat the Calves, who advanced
Speaker 1: the way the Celtics, the loss for the Rangers, shut
Speaker 1: out wins for the Mets and Yankees. That's all trading
Speaker 1: ahead on Bloomberg Daybreak on Bloomberg eleven, Free on New
Speaker 1: York Bloomberg ninety nine one, Washington, d C Bloomberg one
Speaker 1: oh six one, Boston Bloomberg nine sixties and Francisco Syrius
Speaker 1: Exam one nineteen and around the world on Bloomberg Radio
Speaker 1: dot Com and via the Bloomberg Business opp Good morning,
Speaker 1: I'm Nathan Hagar and I'm Karen. Moscow and US Dock
Speaker 1: Index futures are higher this morning. We are coming up
Speaker 1: to six o one on Wall Street. I mean check
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: Bloomberg right now, SMP futures are up about twelve points down.
Speaker 1: Future is up eighty four. NAS day Future is a
Speaker 1: fifty five. The ten year Treasury down five thirty seconds,
Speaker 1: held two points seven four percent, and the yield on
Speaker 1: the two year two point four one percent. NIMEX screwed
Speaker 1: oil is up four ten percent at a hundred one
Speaker 1: dollars one cent to barrel. Nathan. Thanks Karen. We'll have
Speaker 1: more on the markets in a minute. First, the man
Speaker 1: hunt is still on for a New York City shooter
Speaker 1: who opened fire during a morning rush hour incident at
Speaker 1: a subway station in Brooklyn. Bloomberg's Michael Bars following all
Speaker 1: the developments, has the very latest for US Live. What
Speaker 1: are you hearing, Michael, Thank you very much, Nathan. The
Speaker 1: gunman in the Brooklyn subway shooting fired at least thirty
Speaker 1: three bullets in the train, wounding ten people. At least
Speaker 1: thirteen others were injured, Police say the suspect put on
Speaker 1: a gas mask and set off two smoke bombs before
Speaker 1: he started shooting. Authorities are looking for a man who
Speaker 1: rented a U haul van they believe might be connected
Speaker 1: to yesterday's shooting. They have identified the man believed to
Speaker 1: be a person of interest in my p D. Chief
Speaker 1: James Essek says, Frank James has addresses in Philadelphia and Wisconsin.
Speaker 1: We are endeavoring to locate him to determine his connection
Speaker 1: to the subway shooting if any. Chief Essex says a
Speaker 1: key to the rendal van was found at the scene,
Speaker 1: along with the semi automatic handgun, hatchet, smoke grenades, and
Speaker 1: other items in New York. Michael Barb Bloomberg Daybreak, Karen Harry,
Speaker 1: Michael bar thank you. We will be hearing updates on
Speaker 1: this developing story throughout the morning and Tuesday. Shooting on
Speaker 1: the New York City subway comes at a time when
Speaker 1: crime is rising in the city. Former New York City
Speaker 1: Mayor Bill de Blasio tells Bloomberg's Joe Matthew the incident
Speaker 1: represents a troubling trend about gun violence across America. The
Speaker 1: pandemic created a host of problems and one of them
Speaker 1: was the free flow of guns that intensified in the
Speaker 1: last two years. We need stronger federal efforts to cut
Speaker 1: those off before they ever get into big cities. Former
Speaker 1: New York City Mayor Bill de Blasio spoke with our
Speaker 1: Washington corresponded Joe Matthew on Bloomberg Sound on. Catch the
Speaker 1: program weekdays at five pm Eastern or on Bloomberg Radio
Speaker 1: and stay tuned for an interview with the current Mayor
Speaker 1: of New York, Eric Adams. He sits down for a
Speaker 1: conversation on Bloomberg Surveillance. Coming up at five am Wall
Speaker 1: Street Time. Right now to the latest on the war
Speaker 1: in Eastern Europe, care and the presidents of Poland and
Speaker 1: the three Baltic States are heading to Kiev in a
Speaker 1: show of support for Ukraine. Meanwhile, the Biden administrations preparing
Speaker 1: a military assistance package for Ukraine. As President Biden doubles
Speaker 1: down on criticism of Vladimir Putin, Amy Morris has the
Speaker 1: tales from our Bloomberg newsroom in Washington. As President Biden
Speaker 1: spoke in Iowa about fuel prizes and inflation, he accused
Speaker 1: Vladimir Putin of committing genocide in Ukraine. Then before boarding
Speaker 1: Air Force One, he backed up those comments. It's good,
Speaker 1: different than was last week. The more evidence is coming
Speaker 1: out of the literally the horrible thing if the Russians
Speaker 1: have done in Ukraine. President Biden later added that lawyers
Speaker 1: would ultimately make that official determination putin said earlier peace
Speaker 1: negotiations with Ukraine or at a dead end. This as
Speaker 1: the administration prepares to ship weapons and other equipment to Ukraine,
Speaker 1: part of a seven fifty million dollar package of military assistance.
Speaker 1: In Washington, I'm any Morris, Bloomberg Daybreak, right, Amy, thank
Speaker 1: you now to the markets and quarterly results from banks
Speaker 1: kicked off this morning. We had more from Bloomberg Radio
Speaker 1: and television correspondent Shinali Basa. JP Morgan is the first
Speaker 1: of the big US banks to report earnings, and investors
Speaker 1: are expecting trading volumes to really start to decline. However,
Speaker 1: net interest income is expected to rise and that may
Speaker 1: start to offset some of the pressures in training and
Speaker 1: investment banking. Net interest in come will be dependent, however,
Speaker 1: on whether the yield curve remains under pressure. Investors will
Speaker 1: be looking for color on whether JP Morgan is also
Speaker 1: preparing for a recession that some investors expect to start
Speaker 1: as early as next year, or in bloomberg sinn Alle
Speaker 1: boss Age says expect earnings from JP Morgan Chase around
Speaker 1: seven am Wall Street time. Well, we wait for those
Speaker 1: corporate earnings, Karen. Let's turn to the economy now. Inflation
Speaker 1: once again is in focus this morning with the release
Speaker 1: of the March producer price Index. We get more from
Speaker 1: Bloomberg's Michael McKey. Supply chain disruptions from Russia's invasion of
Speaker 1: Ukraine and China's extensive COVID lockdown likely pushed producer prices
Speaker 1: higher during March, particularly for oil and agricultural commodities and
Speaker 1: Chinese consumer goods. US factories have reported widespread concern over
Speaker 1: rising costs, with prices of energy, grain, and fertilizer near
Speaker 1: all time highs. March consumer prices rose eight and a
Speaker 1: half percent over the past year, the fastest pace since
Speaker 1: Michael McKey Bloomberg daybreak. All right, go thank you about
Speaker 1: The FED will be closely watching data today and in
Speaker 1: the run up to their main meeting, and a couple
Speaker 1: of central bankers are speaking out this morning about the
Speaker 1: future of interest rates. And we get the latest lie
Speaker 1: from Bloomberg's rand A Young, Good morning, Randa, good morning
Speaker 1: care and St. Louis FED President Jim Bullard tells The
Speaker 1: Financial Times that US monetary policy needs to be tightened
Speaker 1: to a point that it curtail's economic growth or policy
Speaker 1: makers will risk their credibility. He supports a half a
Speaker 1: percentage point increase next month and says the rate should
Speaker 1: move up sharply after that. Richmond FED President Thomas Barkins
Speaker 1: says the Central Bank should raise interest rates to the
Speaker 1: neutral range as quickly as possible, and can move above
Speaker 1: that if price pressures continue. Live in New York, I'm
Speaker 1: Rnita Young Bloomberg Daybreak. All right, Nita, thanks youk. Inflation
Speaker 1: rose more than expected last month to a thirty year high.
Speaker 1: Consumer prices rose in March at an annual rate of
Speaker 1: seven percent. Higher inflation is on the way this month.
Speaker 1: There will be a fifty four percent increase in the
Speaker 1: energy price cap and Bluemberg day break is braunt to
Speaker 1: you by bing why Melons Pershing learned why the world's
Speaker 1: most sophisticated wealth management and institutional firms rely on Pershing
Speaker 1: to help them improve profitability, create efficiency, attract talent, and
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Speaker 1: latest local headlines, plus a check of sports, and this
Speaker 1: is Bloomberg, all right, Karen, Thanks six oh seven on
Speaker 1: Wall Street, fifty five degrees in Central Park. As our
Speaker 1: coverage of the aftermath of the subway shooting in Brooklyn continues,
Speaker 1: let's get the very latest once again. Michael bars with us.
Speaker 1: Michael Nathan, thank you very much. Reaction and information continue
Speaker 1: from yesterday's mass shooting on a Brooklyn subway that left
Speaker 1: ten people's shot and more than a dozen injured. This
Speaker 1: man was one of the victims. You see like a smoke,
Speaker 1: black smoke bomb going off and then and then people
Speaker 1: bomb rushing to the back. This pregnant woman was in
Speaker 1: front of me. I was trying to help her. I
Speaker 1: don't know they were shots at first. I just thought
Speaker 1: it was a black smoke bomb. The New York City
Speaker 1: Police can Kaitian Sewell, the suspect is a dark skinned
Speaker 1: male and was wearing a neon orange vest and a
Speaker 1: gray colored sweatshirt. We do have a person of interest
Speaker 1: in this investigation, Commissioner Sewell says. He is identified as
Speaker 1: sixty two year old Frank James, A motive remains unclear.
Speaker 1: New York City Mayor Eric Adams says the city is
Speaker 1: working to ensure the safety of subway writers. Immediately. We're
Speaker 1: going to double down on our patrol strength. If I
Speaker 1: was not here coming from COVID, I would be on
Speaker 1: that subway system today because I think as a mayor,
Speaker 1: you have to leave from the front. Mayor Adams will
Speaker 1: speak to Bloomberg at eight forty five am All Street time.
Speaker 1: New York Governor Kathy Hukel agrees with many of Adams
Speaker 1: and calling for an end of gun violence. The last
Speaker 1: time there was a mess shooting on our subway system,
Speaker 1: I believe, so I don't want to act as if
Speaker 1: treat this a normal experience on our subway. This is
Speaker 1: a rarity, but one instance like this is one too many.
Speaker 1: President Biden echoed what Governor Vocal said. Jill and I
Speaker 1: and my wife Jill and I are pray for those
Speaker 1: who are injured in all those touched by that trauma.
Speaker 1: We're grateful for all the first responders who jumped into action,
Speaker 1: including civilians. Civilians who didn't hesitate to help their fellow
Speaker 1: passengers and try to shield him. President Biden says his
Speaker 1: team has been in touch with Mayor Adams and the NYPD.
Speaker 1: New York Lieutenant Governor Brian Benjamin has resigned in the
Speaker 1: wake of his arrest in a federal corruption investigation. Benjamin,
Speaker 1: a Democrat, was accused and an indictment of participating in
Speaker 1: a scheme to obtain campaign contributions from a real estate
Speaker 1: developer when he was a state senator. Benjamin pleaded not
Speaker 1: guilty yesterday after his arrest. British opposition politicians are again
Speaker 1: calling on UK Prime Minister Boris Johnson to resign. Police
Speaker 1: are finding the Prime Minister for breaking his own lockdown laws.
Speaker 1: On COVID Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Take, powered by more than
Speaker 1: twenty seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: Michael barn this is Bloomberg. They Michael, thank you almost
Speaker 1: sixtent on All Street time for the Bloomberg Sports Update
Speaker 1: with Johnstown Shower. All right, Nathan, After what was obviously
Speaker 1: a very harrowing morning in Brooklyn. The day ended there
Speaker 1: with an NBA playing game at the Parkleys Center and
Speaker 1: a victory for the Nets. Rebound reflected loose Trowls got
Speaker 1: a gain out to Irving left wing. Here's the three
Speaker 1: yscored Rick Hyrie. He still hasn't missed. Hey, Cleveland needs
Speaker 1: a timeout. Thatt's match their largest lead of the game.
Speaker 1: That's sixties seven of the Cats forty seven. Kyrie is
Speaker 1: ten for ten. Called Kyrie EVERMNNA going to make his
Speaker 1: first twelve shots. He scored thirty four points duran at five.
Speaker 1: The Nets never trailed, beat Cleveland one f one oh eight.
Speaker 1: Now it's on to Boston, Game one of the playoff
Speaker 1: series with the Celtics Sunday afternoon. Minnesota won the play
Speaker 1: in game in the West over the Clippers. The Rangers
Speaker 1: at the Garden. We're hoping to knock off Carolina moving
Speaker 1: to a time for first in the Metropolitan Division. Didn't happen.
Speaker 1: Hurricanes with three in the third, one four to two
Speaker 1: and now by four points. Chris Kryder did score a
Speaker 1: late goal for the Rangers. Became the fourth and team
Speaker 1: history to scored fifty in the season. Islanders beat the
Speaker 1: Penguins five four, Devils won six to Arizona. Shout out
Speaker 1: wins for both the Mets and Yankees. The Mets to
Speaker 1: nothing in Philadelphia's Tyler and McGill turned in his second
Speaker 1: brilliant out in McGill's two and oh is yet to
Speaker 1: allow a run. It over tennings on the mound. Max
Speaker 1: Scherzer starts this afternoon and Philly at the stadium. Yankees
Speaker 1: over Toronto for nothing. Esther Cortez didn't finish the fifteening,
Speaker 1: so it couldn't get the win, but he was outstanding,
Speaker 1: followed by four relievers together, Yankee pitchers allowed only five hits.
Speaker 1: Struck daft ten did not walk a better Aaron Hicks
Speaker 1: at at two on Homer. Derek Cole will start tonight,
Speaker 1: John stash Award Bloomberg School, Nathan all right, John, thank
Speaker 1: you right now. S and P futures are up thirteen points,
Speaker 1: Staff futures up ninety two, NASTAC futures higher by fifty
Speaker 1: seven points. The tenure treasury is down three thirty seconds,
Speaker 1: with the yield two point seven three percent yield on
Speaker 1: the two year two point three nine. The very latest
Speaker 1: on the man hunt for the Brooklyn subway shooter dextra
Speaker 1: Bloomberg's Creedy Kupta. As we continue our coverage, stay with us.
Speaker 1: This is Bloomberg Bloomberg day Break brought to you by
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Speaker 1: This is a Bloomberg Business flash and I'm Karen Moscow.
Speaker 1: US Dock Index futures on the rise this morning. Bonds
Speaker 1: are falling as investors way inflation risks against the start
Speaker 1: of earning season, and we check the markets every fifteen
Speaker 1: minutes throughout the trading day. On Bloomberg s and P
Speaker 1: futures of fifteen points this morning, DAL futures up a
Speaker 1: hundred four Nasdack future is up sixty one. The decks
Speaker 1: in Germany's down nine tenths of per cent, The ten
Speaker 1: year treasury down five thirty sec Ntel two point seven
Speaker 1: four percent yield on a two year two point four
Speaker 1: zero percent nine nex Screwed oil is at one point
Speaker 1: three percent of a dollar thirty at a hundred one
Speaker 1: dollars eighty eight cents of barrel Comax Gold is up
Speaker 1: three ten percent or six dollars ten cents at twenty announced,
Speaker 1: the euro one point oh a to eight against the
Speaker 1: dollar British found one point three zero zero seven and
Speaker 1: the yen at one six point one zero and bitcoin
Speaker 1: this morning at one point two percent at thirty nine thousand,
Speaker 1: nine hundred ninety nine dollars. Today we do get another
Speaker 1: look at inflation with the producer of Price and Next
Speaker 1: at today thirty Wall Straight Time and JP Morgan Chase,
Speaker 1: Black Rock and Delta among companies schedule to report earnings today.
Speaker 1: That's a Bloomberg business flashdown. Here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael Darren, thank
Speaker 1: you very much. The New York City Police Department according
Speaker 1: to the latest information that gunman in yesterday's subway shooting
Speaker 1: in Brooklyn is still on the loose. In my PD
Speaker 1: Commissioner Keaching seol. As detectives process the crime scene, they
Speaker 1: recovered a nine millimeter some atomatic handgun, extended magazines, and
Speaker 1: a hatchet. Police are looking for a person of interest.
Speaker 1: He is identified as sixty two year old Frank James
Speaker 1: in the NBA, the NETS Beat, the Calves in the
Speaker 1: Eastern Jofford's playing an opener. Brooklyn now faces the Celtics
Speaker 1: on Sunday. In MLB, the Yankees Mets Red Sox all
Speaker 1: one the Giants one, and made history. Alyssa Knockin became
Speaker 1: the first female coach on the field in the regular
Speaker 1: season game after the original first base coach was ejected.
Speaker 1: The Nationals Orioles and A is lost. In the NHL,
Speaker 1: the Islanders wanting to shoot out the Penguins five four,
Speaker 1: the Rangers lost, Devils and Capitals one. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake
Speaker 1: by word by more than twenty seven hundred journalists and
Speaker 1: analysts more than twenty countries. Michael bar this is Bloomberg
Speaker 1: nag right, Michael, thank you. It is six nineteen on
Speaker 1: Wall Street Live from the Bloomberg Interactive Broker Studios. This
Speaker 1: is Bloomberg Daybreak as we continue our coverage for the
Speaker 1: ongoing manhunt for the suspect in the Brooklyn subways shooting.
Speaker 1: Bloomberg Radio and te correspondent Pretty Gupta was in Brooklyn
Speaker 1: yesterday as this investigation was just getting underway. Creates with
Speaker 1: me now in the studio. Pretty good to see you.
Speaker 1: There have been so many developments in just the last
Speaker 1: little less than twenty four hours when this incident first
Speaker 1: began at the thirty six Street station. Get us caught
Speaker 1: up on what we know so far, what police are
Speaker 1: saying about what unfolded yesterday on that train. Yeah, let's
Speaker 1: just start off with the events here. You did have
Speaker 1: essentially gunman who had open fired in a subway car
Speaker 1: on the end line of this is for international audience,
Speaker 1: essentially a very key MP subway line that goes straight
Speaker 1: into from the residential areas of Brooklyn into the heart
Speaker 1: of Manhattan. So a lot of people who live out
Speaker 1: there in Brooklyn actually use it, especially in the morning commute.
Speaker 1: So this call to the fire department happened about eighty
Speaker 1: four a m. And the reports were essentially that a
Speaker 1: gunman had opened fired and after releasing two smoke canisters,
Speaker 1: put on a construction vest and a gas mask and
Speaker 1: then had fled the scene off. That ten people had
Speaker 1: gunshot wounds and other thirteen injured. And since then we
Speaker 1: know that there is a person of interest that's linked
Speaker 1: to the crime scene. We don't know if he is
Speaker 1: the gunman necessarily but police and FBI agents are looking
Speaker 1: for Frank James about sixty two years old, as you
Speaker 1: just heard Michael Barr report. And this again was linked
Speaker 1: to keys that were found to a rented U haul
Speaker 1: van with a dresses going back to Philadelphia and Milwaukee
Speaker 1: once again that found on the subway platform. So the
Speaker 1: police have not confirmed then whether this Frank James who
Speaker 1: they've named in this investigation is actually their prime suspect
Speaker 1: at this point, right. And they're very careful about this.
Speaker 1: You can see that language is obviously a very key
Speaker 1: thing that they're keeping in touch. They're not saying that
Speaker 1: he is the gunman or he's the shooter, just that
Speaker 1: um and they were very clear that this is the
Speaker 1: only connection we have to Frank James as these keys
Speaker 1: to a U haul van, and they made very clear.
Speaker 1: The other thing that they were very clear about was
Speaker 1: that this was not an act of terrorism. They very
Speaker 1: of course, we know there's a sensitive history with New
Speaker 1: York City on that Amanda around the world frankly, but
Speaker 1: he was saying or the gunman was or the me
Speaker 1: the police commissioner was saying, to be very clear, uh
Speaker 1: what that this was in an act of terror? And
Speaker 1: the assumption was that the gunman was acting alone. Yeah,
Speaker 1: they have said explicitly that they're not investigating this as
Speaker 1: an active terror at this point. But something we've seen
Speaker 1: throughout New York City history for decades, of course, is
Speaker 1: ebbs and lulls when it comes to violent crime in
Speaker 1: this city. Of course, Eric Adams, the mayor, campaigned on
Speaker 1: fighting crime, being tougher on crime, supporting police and trying
Speaker 1: to instill confidence in a subway system that has been
Speaker 1: decimated by COVID. Yeah, and it's really tricky here because
Speaker 1: a lot of the UH kind of issues with some
Speaker 1: of this investigation is that things like the surveillance cameras
Speaker 1: had had malfunctioned. Um, you had routine police check that
Speaker 1: we're supposed to happen across every subway platform. They did happen,
Speaker 1: but there was no police presence when when this UH,
Speaker 1: these events unfolded, So there was a lack in terms
Speaker 1: of getting help to the people that were affected. So
Speaker 1: to Eric Adams point, yes, there's a lot of kind
Speaker 1: of push to get people, especially in New York City,
Speaker 1: back into the city five days a week. New York
Speaker 1: City really lacking some of the other major cities in
Speaker 1: America from that perspective. But also this doesn't necessarily help.
Speaker 1: You are going to start to see a little bit
Speaker 1: of hesitance. Just yesterday actually in the evening commute back home,
Speaker 1: you saw a lot of people choosing other modes of
Speaker 1: traffic or transport. I should say cars where you had
Speaker 1: uber and lift, remove your surge pricing, you had them.
Speaker 1: Take busses you had them, so I'm just walking on
Speaker 1: foot um taxis. Even so, those are all gonna be
Speaker 1: questions that Eric Adams has to answer. How does he
Speaker 1: make New York City safer? Yeah, and when I was
Speaker 1: riding the train yesterday, I noticed of significant police and
Speaker 1: military clothes presence around a lot of the subway stations.
Speaker 1: Is that what commuters can expect this morning and in
Speaker 1: subsequent days they can probably expect of this morning. This
Speaker 1: is not just a New York City story. We've heard
Speaker 1: of heavily armed presences across across the country. L A, Philadelphia, Chicago, UM,
Speaker 1: all really amping up their presence, even though once again
Speaker 1: to really emphasize the sports here did say that this
Speaker 1: was not an act of terrorism. This was an isolated
Speaker 1: event um and they are still searching for for the
Speaker 1: man that is the person of interest as well as
Speaker 1: the shooter. So a lot more questions to be answered.
Speaker 1: We know you'll be asking many of them and gathering
Speaker 1: much more information. Creedy Goopta, Bloomberg Radio and TV markets
Speaker 1: correspondent with us this morning, had been in Brooklyn yesterday
Speaker 1: as this investigation was getting under way. And we should
Speaker 1: note that we will be speaking later this morning with
Speaker 1: New York City Mayor Eric Adams. He's going to be
Speaker 1: joining Bloomberg Radio and Television at eight forty five Wall
Speaker 1: Street Times. Who want to make sure to tune in
Speaker 1: for that conversation later this morning on Bloomberg Surveillance. Looking
Speaker 1: ahead to the market, open futures are moving higher. We
Speaker 1: have SMP futures up fourteen points right now, Dow future
Speaker 1: is up a hundred four NAZAC future is higher by
Speaker 1: fifty two points. The tenure treasury right now down five
Speaker 1: thirty seconds. The yield two point seven four percent now
Speaker 1: on the tenure note, and the yield on the two
Speaker 1: year two point four one percent. You're listening to Bloomberg Daybreak.
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Speaker 1: one nineteen and around the globe the Bloomberg Business and
Speaker 1: Bloomberg Radio dot com. This is Bloomberg Daybreak six thirty
Speaker 1: on Wall Street. Good morning, I'm Nathan Hagar and I'm
Speaker 1: Karen Moscow. You're just about three hours away from the
Speaker 1: open of US trading. Time for the five things you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Oker Simple I p k our Global Trader app.
Speaker 1: Deposit in your local currency and trade stocks in the US,
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Speaker 1: dot com slash Global Trader at First. The New York
Speaker 1: City Police Department has identified a person of interest and
Speaker 1: yesterday's subway shooting. Ten people were wounded and thirteen were
Speaker 1: injured in the attack, and YPD Chief James Essay says
Speaker 1: officials are looking for sixty two year old Frank James.
Speaker 1: We are endeavoring to locate him to determine his connection
Speaker 1: to the subway shooting if Chief Essay says James is
Speaker 1: a person of interest in the incident. More in the
Speaker 1: manhunt coming up shortly at local news meantime. Karen in Washington,
Speaker 1: the US is preparing to send roughly seven fifty million
Speaker 1: dollars in military aid to Ukraine as it battles Russia,
Speaker 1: and President Biden has some strong words for Russian President
Speaker 1: Vladimir Putin, Bloomberg said, Baxter has the latest. This is
Speaker 1: the first clear declaration without equivocation. I call the genocide
Speaker 1: because it's become clear and clear. The prudeness is trying
Speaker 1: to about the idea of Ukraine and says it affects
Speaker 1: the rest of the free world in a number of
Speaker 1: different ways. Your family, budget, your ability to fill up
Speaker 1: your tank, none of its should hinge John. Whether a
Speaker 1: dictator declares war commits genocide half a world away, the
Speaker 1: use of the words showing a major shift in verbiage.
Speaker 1: In San Francisco, I'm at Baxter Bloomberg daybreak, all right
Speaker 1: and thank you. Turning to the economy now, the FEDS
Speaker 1: keeping a close eye on inflation. As a couple of
Speaker 1: central bankers speak out about interest rates, we get the
Speaker 1: latest life from Bloomberg shre I need a young good
Speaker 1: morning ready now, good morning care and St. Louis FED
Speaker 1: President Jim Bullard tells The Financial Times that US monetary
Speaker 1: policy needs to be tightened to a point that it
Speaker 1: curtails economic growth or policy makers will risk their credibility.
Speaker 1: He supports a half a percentage point increase next month
Speaker 1: and says that the rate should move up sharply after that.
Speaker 1: Richmond FED President Thomas Parkin says the Central Bank should
Speaker 1: raise interest rates to the neutral range as quickly as
Speaker 1: possible and can move above that price if price pressures
Speaker 1: can in You live in New York. I'm Rennita Young
Speaker 1: Bloomberg day Okay, Nita. Thanks On Wall Street today, JP
Speaker 1: Morgan releases earnings. Bloomberg Intelligence expects loans to be a strength,
Speaker 1: while seasonal weakness will likely drag on the credit card business.
Speaker 1: N S and P futures are higher, up about seventeen
Speaker 1: points to own futures of a hundred nineteen, noasdays, futures
Speaker 1: of sixty three and attend year treasury down four thirty seconds.
Speaker 1: The yel two point seven three percent yield on the
Speaker 1: two year two point for zero percent. And that's the
Speaker 1: five things you need to know to start your day.
Speaker 1: Brought to you by Interactive Brokers, straight ahead of your
Speaker 1: ladist the local headlines supposed to check a sports. This
Speaker 1: is Bloomberg Wall Street, fifty five degrees in Central Park.
Speaker 1: As we continue our coverage on the man hunt for
Speaker 1: the Brooklyn subway shooter, Michael Barr is back with the
Speaker 1: very latest. Michael, thank you very much. Nathan. Police continued
Speaker 1: to search for the gun money who opened fire on
Speaker 1: the subway train in Brooklyn Tuesday mornings. Attack left ten
Speaker 1: people wounded by gunfire, and YPD Chief of Detectives James brandish,
Speaker 1: she's a clock nine millimeter handgun. He then fired that
Speaker 1: weapon at least thirty three times, striking ten people. Chief
Speaker 1: Hassex says the search is focused partly on a man
Speaker 1: said to have rented a van possibly connected to the violence.
Speaker 1: Investigator stress they weren't sure whether the man, Frank James,
Speaker 1: was responsible for the shooting, but authorities say the sixty
Speaker 1: two year old is a person of interest. Victims from
Speaker 1: yesterday shooting on the Brooklyn Subway are talking. This man
Speaker 1: says he was trying to help a pregnant woman after
Speaker 1: smoke bombs went off. She said, I'm pregnant with a baby.
Speaker 1: I hugged her and then the bomb. Marsh continued, I
Speaker 1: got pushed and that's when I got shot on the
Speaker 1: back of the my knee. New York Mayor Eric Annams,
Speaker 1: we're telling anyone that's approaching anyone that they believe is suspicious,
Speaker 1: so notified the police department. But at this time the
Speaker 1: person is not apprehended. There's no reason for us to
Speaker 1: believe that he's not still on. Mayor Adams will speak
Speaker 1: with Bloomberg later this morning, starting at am Will Street time.
Speaker 1: New York Governor Kathy Hokele it has to end. It
Speaker 1: ends now, and we are sick and tired of reading
Speaker 1: headlines about front. Governor Hokel visited the hospital whereas some
Speaker 1: of the victims were admitted. New York Lieutenant Governor Brian
Speaker 1: Benjamin resigned from office after being charged with funneling illicit
Speaker 1: donations to one of his past campaigns. When he was
Speaker 1: a state senator. Governor Hokel says the resignation of her
Speaker 1: second in commands effective immediately. Benjamin pleaded not guilty to
Speaker 1: bribery charges in federal court in Manhattan after he was
Speaker 1: arrested earlier in the morning. He was released on a
Speaker 1: quarter million dollar bond. British opposition politicians are calling on
Speaker 1: Boris Johnson to resign after it was revealed the police
Speaker 1: are finding the Prime Minister for breaking his own COVID
Speaker 1: lockdown laws. Johnson will be spared a grilling in Parliament today.
Speaker 1: It's a journ for the Eastern Recess and sad news
Speaker 1: in the comedy world, Gilbert Gottfried has died at the
Speaker 1: age of sixties. Seven Global News twenty four hours a
Speaker 1: day on here and on Bloomberg Quick Tank, powered by
Speaker 1: more than seven hundred journalists analysts more than a hundred
Speaker 1: twenty countries. I'm Michael barn This is Bloomberg Anything. Thank you, Michael.
Speaker 1: Six thirty five on All Street Time for the Bloomberg
Speaker 1: Sports Update with John Stens shown thanks to Nathan talking
Speaker 1: about a busy sports night in the Big Apple. The
Speaker 1: Rangers were at the garden, the Nets played in Brooklyn
Speaker 1: Yankees in the Bronx Islanders were home as well. Then
Speaker 1: that's due to the new NBA play in system. Had
Speaker 1: to win a game to gain entry to the NBA Playoffs.
Speaker 1: They got it, although two point lead was cut to six.
Speaker 1: They Nets beat the cast one fifteen one oh eight.
Speaker 1: Tyrie Irving sport thirty four points against the team he
Speaker 1: used to play for, and now he's going to face
Speaker 1: another team he used to play for Boston. I'm grateful
Speaker 1: to play against one of the top teams in the
Speaker 1: Eastern Conference that I have been playing well all the year.
Speaker 1: This is another challenge for us, another test um, But
Speaker 1: I think we've answered a few questions towards the end
Speaker 1: of the season where we were in a tent spot
Speaker 1: and then all of a sudden, one day later we
Speaker 1: were in the seven spot and we had the opportunity
Speaker 1: to win some games in a row. Net Celtics should
Speaker 1: be a great series of Celtics finished the season going
Speaker 1: twenty six and six. Game one Sunday afternoon in Boston,
Speaker 1: Minnesota bet l A Clippers in the West play in game.
Speaker 1: Rangers lost the first place Carolina four to two, but
Speaker 1: Chris tried or did score a late goal. He joins
Speaker 1: Vic Hadfield, Adam Graves and Yarmur Yager. Only Rangers will
Speaker 1: scored fifty goals in the season. Islanders be Pittsburgh five four,
Speaker 1: Devil's won six two in Arizona. The Mets rotation already
Speaker 1: with Max Scherzer he'll pitch today hopefully, Jacob deGrom at
Speaker 1: some point back from injury, and Tyler Miguel two starts,
Speaker 1: two wins, yet to allow a run. McGill and the
Speaker 1: Mets one two knocking in Philadelphia, home run for Brandon Nimo.
Speaker 1: Yankees also with a shutout in Esther Cortez and four
Speaker 1: relievers teaming up for a five hitter, ten strikeouts, no wops.
Speaker 1: Yankees for nothing over Toronto, Aaron Hicks for a two
Speaker 1: one h John Stashward Bloomberg Sports. Okay, John, Thanks, It's
Speaker 1: six thirty seven on Wall Street. Time to take a
Speaker 1: look at stocks now some of the names moving in
Speaker 1: the pre market. For that, we're joined live this morning
Speaker 1: by Bloomberg's Lore Right, Laura, great to have you with us,
Speaker 1: obviously for quarter earnings in focus. But I see you're
Speaker 1: starting off with a deal in the farmer space. I
Speaker 1: am yeah, Antes Farmer. Now the dal Jones are reporting
Speaker 1: that halo Zime Therapeutics are close to buying the maker
Speaker 1: of needle free systems. They've offered five dollars sixty cents
Speaker 1: per share in cash, and this deal values and Tes
Speaker 1: roughly nine hundred and sixty million dollars as a result,
Speaker 1: ahead of the Bell and Tes Farmer up almost fifty
Speaker 1: Another Farmer deal in focus for me Nathan was Sierra
Speaker 1: Oncology London listed Glaxo smith Klein. They've offered to buy
Speaker 1: this company for fifty five dollars a share in cash.
Speaker 1: So Farmer's where all the action is at this morning. Yeah,
Speaker 1: all the action, sure, but of course we are waiting
Speaker 1: for a lot more action, particularly in the financial space. Obviously,
Speaker 1: we've got JP Morgan reporting results in just a few
Speaker 1: minutes here, but we've already heard this morning from black Rock.
Speaker 1: We have the world's largest money money manager, black reporting
Speaker 1: a first quarter a UM of nine point five seven
Speaker 1: trillion U S dollars, now slightly below the estimates at
Speaker 1: nine point six to trillion, but I have seen some
Speaker 1: analysis that actually that that is pretty much in line
Speaker 1: adjusted EPs nine dollars fifty two cents above forecast revenue
Speaker 1: was a slight miss. But what is interesting this quarter
Speaker 1: is that they conducted five hundred million dollars of share
Speaker 1: repurchases and they've seen strong demand continuing for alternatives. Volume
Speaker 1: is still a little too low to look at pre
Speaker 1: market for black Rock, but when it opens at the
Speaker 1: bell want to watch, Yeah, And obviously JP Morgan is
Speaker 1: going to be a start to watch as well when
Speaker 1: those earnings come out. Are we seeing any movement in
Speaker 1: either JP Morgan or any of the big six ahead
Speaker 1: of the results? Yeah? JP Morgan right now down four
Speaker 1: tenths of a percent in pre market trading, and the
Speaker 1: primary concern for analysts is what volatility from the war
Speaker 1: in Ukraine means for the US. Bell Weather Bank Investment
Speaker 1: banking will be in focus, trading will be and focus
Speaker 1: how the trading business in particular was able to deal
Speaker 1: with some of the wild market swings we've seen at
Speaker 1: the start of this year. Saw one um Alice from
Speaker 1: Credit Sweez writing that he is cautiously optimistic, so make
Speaker 1: of that what you will, all right, Bloomberg's Laura right
Speaker 1: with us this morning, taking a look at the pre
Speaker 1: market action as we await those earnings from JP Morgan Chase.
Speaker 1: They're expected sometime around seven am. Wall Street Time will
Speaker 1: be bringing you those headlines as they crossed the Bloomberg terminal.
Speaker 1: Should also mention we've gotten earnings from Delta Airlines coming
Speaker 1: in with revenue that just about what when in line
Speaker 1: with analyst estimates, and we're seeing movement to the upside
Speaker 1: for Delta right now trading higher by nearly four percent
Speaker 1: in the pre market. As for stocks as a whole,
Speaker 1: they're moving higher on this Wednesday morning. SMP futures are
Speaker 1: up twenty one point, DAL futures up at NASTAC futures
Speaker 1: higher by eighty seven points. The tenure Treasury down one
Speaker 1: thirty second now, the yield two point seven to yield
Speaker 1: on the two year two point three nine. Seeing a
Speaker 1: surge in crewed at the moment. Nimex screwed up one
Speaker 1: point seven percent to a hundred two dollars c s
Speaker 1: a barrel. You're listening to Bloomberg Daybreak Bloomberg eleven three
Speaker 1: oh Weather. Mostly cloudy today with a high near seventies,
Speaker 1: scattered showers tomorrow, maybe a late day thunderstorm with a
Speaker 1: high near eighty degrees. Mostly sunny. Friday with highs in
Speaker 1: the mid sixties right now fifty five in Central Park markets.
Speaker 1: Headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot com with Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow.
Speaker 1: This update bronto you by b n Y Melons. Perishing
Speaker 1: learned why the world's most sophisticated wealth management and institutional
Speaker 1: firms are on Pershing to help them improve profitability, create efficiency,
Speaker 1: attract talent and manage risk at Pershing dot com. And
Speaker 1: we are watching earnings cross the Bloomberg We're hearing from
Speaker 1: JP Morgan Chase and we're gonna break those down in
Speaker 1: just a second. But first you want to go to
Speaker 1: the first word breaking news dance for today's morning call.
Speaker 1: Here's Bill Maloney, Bill, good morning, and good morning. Can
Speaker 1: that's right. Us features are in the green right now
Speaker 1: at down Features up a hundred and twenty five points,
Speaker 1: subs gained twenty one Nasdeck features rise by eight seven.
Speaker 1: You mentioned JP Morgan, They did just report you want.
Speaker 1: Adjusted revenue was thirty one point five nine billion. Estimate
Speaker 1: was thirty one point four four billion. The US a
Speaker 1: tenual the two point seven four percent, Gold is up twelve,
Speaker 1: oil is climbing, and bitcoin is up by point nine percent.
Speaker 1: Japan rose one point nine percent overnight, while up and
Speaker 1: markets are trading mixed this morning and back in the
Speaker 1: US on the economic Frontday thirty Producer Price Index. Regarding
Speaker 1: other earnings this morning, black Rock EPs beat estimates and
Speaker 1: deltas of five percent pre market after its numbers. In
Speaker 1: other news, Google will invest nine and a half billion
Speaker 1: offices and data centers in the US and wrapping things up,
Speaker 1: Carmacks was cut to neutral over at JP Morgan Live
Speaker 1: from the first to breaking news disc on bo Maloney care.
Speaker 1: All right, Bill, thank you, and to hear live breaking
Speaker 1: news over your Bloomberg type squawk on your terminal squ
Speaker 1: a w K, that's a Bloomberg business flash. Now here's
Speaker 1: Michael Barr with Moore on what's going on around the world. Michael, Karen,
Speaker 1: thank you very much. The New York City Police Department
Speaker 1: has identified a person of interest and yesterday's chaotic shooting
Speaker 1: at a Brooklyn subway station that left twenty three people injured,
Speaker 1: including ten shot. Shooter remains at large. N y p
Speaker 1: D Commissioner keeaching Seoul. At this time, we still do
Speaker 1: not know the suspects motivation. Commissioner Sewell says. Keys found
Speaker 1: at the scene of the attack belonged to a U
Speaker 1: haul van rented by sixty two year old Frank James.
Speaker 1: In the NBA, the Nets bet the Calves in the
Speaker 1: Eastern Conference, playing and opener Brooklyn now faces the Celtics
Speaker 1: on Sunday. In MLB, the Yankees, Men's Red Sox and
Speaker 1: Giants won the Nationals Orioles and A's lost. In the NHL,
Speaker 1: the Islanders wanted to shoot out with the Penguins five four,
Speaker 1: the Rangers lost the Devils and Capitals One Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than twenty seven hundred journalists
Speaker 1: and analysts in more than a hundred twenty countries. On
Speaker 1: Michael Barr, This is Bloomberg. Hi, Michael, thank you. We
Speaker 1: are live from the Bloomberg Interactive Broker Studios where it
Speaker 1: is six forty nine on Wall Street. And this Karen
Speaker 1: mentioned we are watching earnings cross the Bloomberg terminal from
Speaker 1: JP Morgan Chase. Let's go right to Bloomberg Intelligence Senior
Speaker 1: analysts for Global investment banks, Alison Williams, as we watched
Speaker 1: these numbers, Cross Allison as Bill Maloney just mentioned, the
Speaker 1: revenue came in at estimates, but the red headline from
Speaker 1: these numbers a miss on investment banking, so that there
Speaker 1: is a miss un investment banking, but trading. I mean
Speaker 1: that fixed income number coming in much better than expected,
Speaker 1: and that was really I think sort of a wild
Speaker 1: card coming coming into the co it or just because
Speaker 1: there was strength and so many products and things were
Speaker 1: moving around a lot in the quarter. So that's UM
Speaker 1: a good thing and more than makes up for the
Speaker 1: the the shortfall in fees, which we knew were going
Speaker 1: to be weak. But the big I think number that
Speaker 1: investors are going to be focusing on is the lost provision.
Speaker 1: So the bank did take a provision reserve build of
Speaker 1: almost a billion dollars nine two million, to be exact,
Speaker 1: and this follows several quarters of reserve releases, and this
Speaker 1: was really the metric that UM we said we're gonna
Speaker 1: be focusing on, and and we did get a much
Speaker 1: bigger number than than we had expected. And so now
Speaker 1: the question is what are the economic expectations that are
Speaker 1: baked into that number. The stocks have really treated off
Speaker 1: on recession fears in recent weeks, UM and this is
Speaker 1: one of the I guess confirmation that there is some
Speaker 1: economic there's some worry on the horizon, but we'll want
Speaker 1: to hear a little bit more about exactly what's baked
Speaker 1: in there now. We've gotten a few comments early from
Speaker 1: the CEO Jamie Diamonds saying credit losses are still at
Speaker 1: historically low levels and remaining optimistic on the economy at
Speaker 1: least for the short term. At the same time, as
Speaker 1: you mentioned those credit costs are pretty high, what does
Speaker 1: that potentially say about the medium to long term? So
Speaker 1: that the UM I guess the big change with lost provisions,
Speaker 1: which happened right as a sort of the pandemic to
Speaker 1: hold an early is that banks don't just look at
Speaker 1: what's happening now, They have to look at what's happening
Speaker 1: over the life of that loan. And so to the
Speaker 1: extent that there is a higher probability that we could
Speaker 1: have a recession in or or potentially that has to
Speaker 1: get baked in today, and banks like JP Morgan and
Speaker 1: City Group that have very big credit card portfolios keep
Speaker 1: in mind that those tend to have figher loss rates UM,
Speaker 1: and and so that gets magnified with this type of accounting.
Speaker 1: Inflation is something that UM is a concern, especially for
Speaker 1: the consumer. We also have UM geopolitical risks sort of
Speaker 1: raising risk of the global economy which could sort of
Speaker 1: filter back to the US. And so losses are good today,
Speaker 1: but are there risks ahead, Yes, and I think it's
Speaker 1: prudent obviously to plan for those. By accounting laws, they
Speaker 1: have to plan for those UM. The the other number
Speaker 1: that we haven't seen that we're gonna want to hear
Speaker 1: about is the loan growth UM. The expectations were that
Speaker 1: loan growth would be about flat in the quarter UM.
Speaker 1: As I said, JP Morgan does have a pretty big
Speaker 1: card book that's a little weaker, but we're going to
Speaker 1: want to hear about the demand trends in that loan book.
Speaker 1: And I'm watching shares of JP Morgan Chase right now
Speaker 1: down about one percent more than one percent now in
Speaker 1: the pre market. Bloomberg Intelligence Senior Analyst Alison Williams, as always,
Speaker 1: thanks for breaking down the early numbers. Of course, we'll
Speaker 1: be checking back with you as the bank earning season
Speaker 1: goes on. Here into tomorrow and next week. Actually, in
Speaker 1: the meantime, we need to check what's going on in
Speaker 1: d C. At six fifty three on Wall Street. Some
Speaker 1: of the top stories in our nation's capital include President
Speaker 1: by now accusing Putin of genocide in Ukraine, the US
Speaker 1: preparing a massive new surge of military aid, and Russia
Speaker 1: facing hard to verify claims of chemical arms in Maripole.
Speaker 1: Also making news, of course, this shooting in the Brooklyn subway,
Speaker 1: Washington Official Washington giving its reaction to that as well.
Speaker 1: Let's bring in Bloomberg government reporter Emily Wilkins for more
Speaker 1: on all these stories. Emily, what has the president said
Speaker 1: when it comes to the violence that we've seen in
Speaker 1: New York this week? So we know that of course
Speaker 1: Biden has been briefed on the shooting, um that he
Speaker 1: obviously has condemned gun violence, and me we saw that
Speaker 1: rollout just earlier this week with him trying to target
Speaker 1: the three D printing of guns. At the same time, though,
Speaker 1: it really does seem like there's still a lot of
Speaker 1: limits on what can be done in terms of actually
Speaker 1: moving legislation that deal with guns and firearms. The Democrats
Speaker 1: in the House have kind of moved what bills they can.
Speaker 1: Obviously they can pass things easier there as they have
Speaker 1: the majority. But a lot of things that Democrats want
Speaker 1: to see, those background checks, uh, those bands on assault weapons,
Speaker 1: those are still stalled in the Senate at this point.
Speaker 1: So really, you are you are hearing it's mostly you know,
Speaker 1: lawmakers were sending their condolences, who are expressing their concerns. Um.
Speaker 1: But it's really unclear if if what we saw in
Speaker 1: Brooklyn yesterday is going to actually lead to any big
Speaker 1: changes in Washington. Oh, we have heard a big change
Speaker 1: from President Biden though when it comes to his rhetoric
Speaker 1: in the war in Ukraine. He has accused Russian President
Speaker 1: Putin of war crimes in the past. Now he's using
Speaker 1: the word genocide. Yeah, Biden said yesterday in h Iowa
Speaker 1: during a stop that he did call it genocide, and
Speaker 1: he clarified that he did so because it's become clear
Speaker 1: and clear that Putin is trying to wipe out the
Speaker 1: idea of being able to be Ukraine. That's something he
Speaker 1: told reporters yesterday saying the evidence was mounting. But let's
Speaker 1: be clear, Nathan, this is not yet the official White
Speaker 1: House position on this, Biden and White House officials said
Speaker 1: they would ultimately leave it up to lawyers to decide
Speaker 1: whether or not genocide had been committed by Russia. And
Speaker 1: you saw National Security Advisor Jake Sullivan go ahead and
Speaker 1: say last week that they haven't seen a level of
Speaker 1: systemic deprivational life that you would need to write that
Speaker 1: that would rise to the level of genocide. But it
Speaker 1: is something that the US and other countries are monitoring. Certainly,
Speaker 1: they're already those looking into war crimes that have been
Speaker 1: committed by putin Um, and I think there's a lot
Speaker 1: of concern about what this trajectory of the war is
Speaker 1: going to mean for the people of Ukraine. Government reporter
Speaker 1: Emily Wilkins US from Washington. Thanks as always. Read more
Speaker 1: at Bloomberg dot com or on the Bloomberg terminal. Listen
Speaker 1: to Bloomberg Radio in Washington at Bloomberg one and one
Speaker 1: oh five point seven FM h D two. Karen, All right, Nathan,
Speaker 1: it is six fifties six on Wall Street. Let's turn
Speaker 1: to news and science and technology now with the Bloomberg
Speaker 1: and j. I. T. Stammer Report brought to you buy
Speaker 1: New Jersey Institute of Technology ranked a top fifty national
Speaker 1: public university by US News and World Report, and at
Speaker 1: top ten for best career placement among public schools by
Speaker 1: the Princeton Review. More at n J, I, T, DOT, E,
Speaker 1: d U, and now Here's What's making news and science, Technology, engineering,
Speaker 1: and math. One was the deadliest year in US history.
Speaker 1: The main reason for the increase in deaths COVID nineteen.
Speaker 1: According to the Centers for a Disease Control and Prevention,
Speaker 1: deaths rose in one to more than four hundred fifteen thousand,
Speaker 1: up from three hundred fifty one thousand a year before.
Speaker 1: Experts blame new coronavirus variants and large numbers of Americans
Speaker 1: refusing to get vaccinated or wear masks. A new study
Speaker 1: says climate change made record is smashing deadly Atlantic hurricane
Speaker 1: season noticeably wetter, and scientists say it will likely make
Speaker 1: this season rainier to human cause. Climate change made the
Speaker 1: entire season thirty names storms dropped five more rain. During
Speaker 1: the fourteen storms that reached hurricane status, the rainfall was
Speaker 1: eight percent heavier, according to the study in Nature. Communications
Speaker 1: and Apple plans to add a highly anticipated blood pressure
Speaker 1: monitor to its smart watch. It has hit some snags
Speaker 1: and the technology is not expected to be ready until
Speaker 1: four at the earliest. Sources state that company has teams
Speaker 1: working on an updated sensor and software for the Apple
Speaker 1: Watch that would determine if a user has high blood pressure,
Speaker 1: but accuracy has been a challenge during testing and as
Speaker 1: the Bloomberg n j I t STEM report for Naked Hager,
Speaker 1: I'm Karen Moscow and this is Bloomberg