Speaker 1: Live from the Bloomberg Interactive Berger Studios. This is is Bloomberg
Speaker 1: day Break for Wednesday, October two. Coming up this hour,
Speaker 1: The S and P five looks to make it three
Speaker 1: straight winning sessions to start the week. Netflix share sewer
Speaker 1: as user growth signals the worst is over. In the UK,
Speaker 1: Inflation surches to double digits, and President vit Him plans
Speaker 1: to announce he's tapping into the strategic oil reserves. The
Speaker 1: latest polls show New York's governor's race hast tightened, plus
Speaker 1: Georgia voters turned out in record numbers on the first
Speaker 1: day of early ballots. I'm Michael Blair. More Ahead, I'm
Speaker 1: John stash Our and sports. The Yankees beat the Guardians,
Speaker 1: They start the Alcs tonight in Youth to the Philly
Speaker 1: shut Out. The Padres wins with the Devil's Island. That's
Speaker 1: Alls Trading ahead on Bloomberg day Break on Bloomberg, he
Speaker 1: Liven three on New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston Bloomberg nine sixties and
Speaker 1: Francisco Sirius Exam one nineteen and around the world Old
Speaker 1: on Bloomberg Radio dot Com and via the Bloomberg Business.
Speaker 1: Good morning. I'm Nathan Hagrin and I'm Karen Moscow in
Speaker 1: US stock index futures around the rise this morning. We're
Speaker 1: coming up to six out one on Wall Street, and
Speaker 1: we check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg, SMP future is up seventeen points down futures
Speaker 1: of eighty nastack futures of eighty one. The decks in
Speaker 1: Germany as of a quarter percent, ten year treasury down
Speaker 1: twelve thirty seconds, held four point oh five percent. They
Speaker 1: yield on the two year four point four seven percent,
Speaker 1: and the euro point nine eight one eight against the
Speaker 1: dollar British pound one point one to seven nine. Nathan
Speaker 1: Karen the SMP five hundreds coming off back to back
Speaker 1: wins to start the week. The index is up three
Speaker 1: point eight percent in just two days. However, Max Kentner,
Speaker 1: chief Multi Assets strategist at HSBC, thinks stocks will remain
Speaker 1: under pressure and the FED will not change course. But
Speaker 1: the point for me is that the FED is really
Speaker 1: only going to pivot. In my view way, things are
Speaker 1: going to go horribly wrong, not just wrong, but really
Speaker 1: and I have to emphasize that horribly wrong, right, So
Speaker 1: it will not be sufficient. If we see you one
Speaker 1: to three months off a bit worse than economic data, right,
Speaker 1: and oh maybe we're going to go into refesssion now,
Speaker 1: that will not be sufficient. HSBCS Max Kenner says he
Speaker 1: would fade this rally in stocks well. The rise in
Speaker 1: equities this week Nathan has been fueled by a solid
Speaker 1: starter earning season, and it continued after the bell with Netflix,
Speaker 1: the streaming leader added it better than expected two point
Speaker 1: four million customers in the third quarter. Read Hastings is
Speaker 1: co founder and sherman of Netflix. Well, thank god we're
Speaker 1: done with shrinking quarters, so a big feeling of we're
Speaker 1: back to the positivity. We still got f X, so
Speaker 1: that's a huge hit. Uh, you know, as we've explained,
Speaker 1: so that's not going to go away. But other than that,
Speaker 1: all the stars are lining up very well for us.
Speaker 1: Netflix chairman Read Hastings says the company expect to add
Speaker 1: another four and a half million global subscribers this period,
Speaker 1: despite headwinds from foreign exchange. Looks like at some other
Speaker 1: stocks on the move following earnings. Karen shares of United
Speaker 1: Airlines are up more than seven percent this morning. The
Speaker 1: airline seas profit well above estimates in the final quarter
Speaker 1: of the year, and that's being fueled by a rebound
Speaker 1: in corporate travel and leisure trips. Shares of Adelbi are
Speaker 1: up more than two percent. The maker of creative design
Speaker 1: software reiterated its forecasts for the current quarter. That's relieving
Speaker 1: fearce economic uncertainty would hinder demand. Well up next Nathan,
Speaker 1: the earnings continue with results from twenty companies of the
Speaker 1: S and P five hundred. The biggest name on today's
Speaker 1: list is Tesla. We get a preview of those numbers
Speaker 1: from Bloomberg's Jeff Billinger. Shares of the electric car maker
Speaker 1: have been under pressure ever since the company reported third
Speaker 1: quarter delivery figures that fell short of forecast. Today's report
Speaker 1: will get close scrutiny. Investors will look beyond sales, earnings
Speaker 1: and profit margins. Bullish fourth quarter delivery guidance would be
Speaker 1: especially welcome. Bloomberg Intelligence says the plunge in Tesla's stock
Speaker 1: could make this a good time for the company to
Speaker 1: initiate eight capital returns without hurting its balance sheet. Jeff Bollinger,
Speaker 1: Bloomberg Daybreak. Thanks Jeff. Turning to the economy now. Do
Speaker 1: not look for a pause in rate hikes from the FED.
Speaker 1: That's according to Minneapolis FED President Neil cash Cary. He
Speaker 1: says the central bank must continue tightening as inflation remains hot.
Speaker 1: If we don't see progress in underlying inflation or chord inflation,
Speaker 1: I don't see why I would advocate stopping at four
Speaker 1: and a half for four or seven five or something
Speaker 1: like that, Minneapolis, said President Neil cash car He says
Speaker 1: he sees interest rates reaching the mid four's early next year.
Speaker 1: Stay tuned for more from the FED when we speak
Speaker 1: live with St. Louis President Jim Bullard. Catch that interview
Speaker 1: today at three thirty pm Ball Street Time on Bloomberg Radio. Meantime, Nathan,
Speaker 1: the FED will hand out a grade on the health
Speaker 1: of the US economy today with the release of its
Speaker 1: regional Beije Book, and we get more from Bloomberg's of
Speaker 1: Any down to You Dice. Today's beach Book, based on
Speaker 1: anecdotal reports in the FITS twelve district banks, will help
Speaker 1: set the stage for November's policy meeting. Bloomberg Economics notes
Speaker 1: the prior bache book and early September indicated little change,
Speaker 1: unbalanced the most lackluster, showing you a pandemic recovery but
Speaker 1: not yet alarming. The next policy session is set for
Speaker 1: November one and second, and economists anticipated another interest rate
Speaker 1: hike aimed at containing inflation. Beneat Judas Bloomberg Daybreak, then
Speaker 1: he thanks for also seeing inflation soar in the UK.
Speaker 1: For more on today's red hot price reading, let's go
Speaker 1: to London and check in with Bloomberg's James Wilcock. Good morning, James,
Speaker 1: Good morning, Nathan and Karen's soaring inflation. Indeed, price rises
Speaker 1: hit a four decade high of ten point one percent
Speaker 1: year on year through September. That's slightly above what economists forecast.
Speaker 1: It's a call to arms for the Bank of England
Speaker 1: after the central bank has found itself distracted by chaos
Speaker 1: in the UK bond market. September's inflation figure is also
Speaker 1: used as the baseline to increase state welfare payments and pensions,
Speaker 1: so that increase puts more pressure on the UK government's
Speaker 1: fiscal policy. As promise of this, trust tries to bounce
Speaker 1: the books in London. James Wilcock, Bling Bird Daybreak, James,
Speaker 1: think so back you're in the US. The Biden administration
Speaker 1: is making more moves to lower gas price is Later today,
Speaker 1: the President announces another fifteen million barrels coming out of
Speaker 1: the Strategic Petroleum Reserve. But still Bob McNally, founder and
Speaker 1: president of Rapid and Energy, says it might not be
Speaker 1: enough going against OPEC plus with the sprs like going
Speaker 1: into a fight with you know, the guys that with
Speaker 1: a square guns, right. It's a finite resource. You get
Speaker 1: to use it once, and I think this is going
Speaker 1: to make the coming boom cycle in oil prices even boom. Here,
Speaker 1: Rapid and Energy President Rob Bob McNally spoke with our
Speaker 1: Washington correspondent Joe Matthew on Bloomberg Sound on Catch the
Speaker 1: program weekdays at five pm Eastern on Bloomberg Radio and
Speaker 1: checking oil prices right now, nine x screwed oil is
Speaker 1: up one point four percent of a dollar thirteen at
Speaker 1: eighty three dollars cents of barrel Brent is up nine
Speaker 1: ten percent at ninety eight seven cents. Finally, Karen criticism
Speaker 1: of the Pimco Total Return Bond Fund from the man
Speaker 1: who created it. We're talking about Bill Gross, who was
Speaker 1: ousted from Pimco. Gross says many of the funds bearing
Speaker 1: the name are failing to live up to their mission
Speaker 1: after suffering heavy losses this year. He says, instead of
Speaker 1: helping to cush in the market downturn, they've clung to
Speaker 1: their benchmarks too closely, essentially becoming quasi index tracking strategies.
Speaker 1: Futures are gaining some footing here. SMP futures are up
Speaker 1: sixteen points, STOUT futures up eighty, NASTAC futures are higher
Speaker 1: by seventy seven points. Straight ahead your latest local headlines
Speaker 1: and a check of sports. This is Bloomberg. It's six
Speaker 1: o seven on Wall Street, forty two degrees in Central Parks.
Speaker 1: Still got that crashed southbound of Jersey Turnpike, Chuck Lan's
Speaker 1: exit seven. Michael bars here with more on what's going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much. Nathan. The midterms of just a few
Speaker 1: weeks away, and now another race that Democrats once thought
Speaker 1: was a slam dunk could be in play. In New York.
Speaker 1: Republican le Zelden is in a statistical dead heat with
Speaker 1: Democratic Governor Kathy Hokel. More from Bloomberg's Denise Pello Greeni,
Speaker 1: Michael it Kind, of all depends on which poll you
Speaker 1: want to believe at this point, because the new Quinnipiac
Speaker 1: Pole shows hopelessly narrowing to just four percentage points, her
Speaker 1: Ken pay noes as this Quinnipiac pole undercounted likely Democratic voters.
Speaker 1: Former President Trump recently endorsed Zelden, and the Quinnipiac Pole
Speaker 1: shows Zelden has a solid lead among independents. The Long
Speaker 1: Island congressman also has gained in a real clear average
Speaker 1: of polls, but Hocal still leads by close to ten
Speaker 1: percentage points in a five thirty eight pole average, and
Speaker 1: recent Sienna and Marist College poles show her ahead by
Speaker 1: even more. Michael Bloomberg's De Niece polla Greeni Georgia with
Speaker 1: several high profile races, has set a record on the
Speaker 1: first day of early in person voting. More than a
Speaker 1: hundred thirty three thousand votes were cast Monday, and eight
Speaker 1: seven percent increase from the first day of early in
Speaker 1: person voting in twenty eighteen. Tens intended to provide temporary
Speaker 1: shelter to migrants, open today in New York City, the
Speaker 1: first of a series of mad Shift centers to house
Speaker 1: and influx of Tens of thousands of Central and South Americans.
Speaker 1: The new relief center, located on Randall's Island, is intended
Speaker 1: to house and provide food, water, medical care, and COVID tests.
Speaker 1: When migrants first arrived in New York. Zach Iskoll is
Speaker 1: the Emergency Management Commissioner. But people get off the bus
Speaker 1: report at thirty but very limited amount of time about
Speaker 1: forty five minutes to the hour where we are figuring
Speaker 1: out what people's immediate medical leaves are. There will be
Speaker 1: a ten pm curfew. Former President Trump is scheduled to
Speaker 1: sit for a deposition and answer questions under oath from
Speaker 1: attorneys for E. Gene Carroll, former columnist at L magazine,
Speaker 1: Carol su Trump for defaming her when he denied her
Speaker 1: rape claim from the ninet nineties. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than seven hundred journalists analysts more than a
Speaker 1: hundred twenty countries. I'm MICHAELA bar This is Bloomberg, Nathan.
Speaker 1: Thanks Michael six o nine on Wall Street time for
Speaker 1: the Bloomberg Sports that they brought to you by Tri
Speaker 1: State Outie. Here's John Stasha Nathan. The Decisive Game five
Speaker 1: of the A L d S raindown Monday night at
Speaker 1: the Stadium played yesterday after Dude and decided very early on.
Speaker 1: The Guardians made a somewhat surprising decision to start Aaron Savali.
Speaker 1: Yankees had teed off on him twice in the regular season.
Speaker 1: He faced only five batters, got only one out, gave
Speaker 1: up a John Carlos Stanton three run homer. Yanks were
Speaker 1: on their way to a five to one win over Cleveland.
Speaker 1: Aaron Judge also homer, and the Yanks decision to starting
Speaker 1: Esther Cortez on three days rest. That worked well, so
Speaker 1: the Yanks able to come back to the two games
Speaker 1: to one deficit. And now it's onto Houston with Aaron
Speaker 1: Boone's team playing Game one of the ALCS tonight. The
Speaker 1: challenges we're facing a great team, you know. Uh, as
Speaker 1: far as the quick turnaround, we'll be fine. I mean,
Speaker 1: that's that's baseball. We do that all the time. You know,
Speaker 1: we'll walk in there with some confidence. Um, we know,
Speaker 1: we know they're a great team and rested and ready,
Speaker 1: and um we look forward to the challenge. Three times
Speaker 1: the Astros have ended the Yankee season two thousand fifteen
Speaker 1: wild Card game at in the Alcs in both two
Speaker 1: thousand seventeen and the Yante nineteen. Yanks start Jamison tyone tonight.
Speaker 1: I'll the Astros justin Verlander, game one of the NLCS
Speaker 1: and San Diego. Fewest hits ever in a postseason game.
Speaker 1: The Philly has had three, but two were solo Homer's
Speaker 1: padres that only one hit. The Phils want tune up
Speaker 1: there then now six and one in the postseason. Game
Speaker 1: two is today. NBA season underway home wins by Boston
Speaker 1: and Golden State. Nick's open up tonight in Memphis, the
Speaker 1: Nets home for New Orleans. Devils and Islanders both one
Speaker 1: at home. New Jersey's first win was four two over Anaheim.
Speaker 1: The Aisles beat still winless San Jose by John Stansailor
Speaker 1: Bloomberg Sports Loop Okay, John, thanks SMP futures right now
Speaker 1: up sixteen points. Stown futures up a D two Dance
Speaker 1: dec futures are higher by seventy seven points. Tenure treasury
Speaker 1: is down thirteen thirty seconds. The yield four point zero
Speaker 1: six percent held on the two year four point for seven.
Speaker 1: NIMEX cruge moving higher as well, up one and a
Speaker 1: half percent, up a dollar twenty at eighty four oh
Speaker 1: two of barrel Netflix shares surging in the pre market
Speaker 1: of thirteen and two thirds per cent on a subscriber
Speaker 1: gain in the latest quarter. Talk about it next with
Speaker 1: Bloomberg Quick Take correspondent Alex Web. This is Bloomberg. Bloomberg
Speaker 1: Sports is brought to you by Autie. Don't let someone
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Speaker 1: com for more information, markets, headlines and breaking news twenty
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Speaker 1: Business Out and at Bloomberg Quick Take, this is a
Speaker 1: Bloomberg Business lash and I'm terrot Moscow. This update brought
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Speaker 1: operational infrastructure is a competitive advantage. Let see I show
Speaker 1: you how at se I C dot Com slash I
Speaker 1: M s U s Dock index futures are rising as
Speaker 1: investors wake concerns about scorching inflation and a looming recession
Speaker 1: against a strong start to the earning season. The pound
Speaker 1: falling after UK inflation roast faster than economists we're looking for.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on bloomberg S and P Future is up fourteen
Speaker 1: points down Future is up sixty one Nasdack Future is
Speaker 1: up seventy two. The decks in Germany's up two tenths
Speaker 1: of a percent. Ten year treasury down thirty and thirty seconds.
Speaker 1: He had four point oh six percent. They yield on
Speaker 1: the two year four point four seven percent. Nine X
Speaker 1: screwed oil is up one at a quarter percent of
Speaker 1: a dollar three at eighty three dollars eighty five cents
Speaker 1: of aarrol COMEXS goal down seven tenths per cent or
Speaker 1: eleven dollars thirty cents at sixteen forty four fifty announce
Speaker 1: The euro point nine eight one two against the dollar
Speaker 1: British found one point one two seven five the end
Speaker 1: one forty nine point four six and bitcoin is down
Speaker 1: six tenths of u percent at nineteen thousand, two hundred
Speaker 1: fifty dollars. That's a Bloomberg business flash. Now here's Muchael
Speaker 1: Barr with more on what's going on around the world. Muchael,
Speaker 1: Thank you very much, Karen, President Biden is opening the
Speaker 1: oil spiket again. President Biden today will announce another strategic
Speaker 1: oil reserve release design to help bring down the price
Speaker 1: of gas. He could release an other fifteen million barrels
Speaker 1: of oil. Ukraine's president says recent Russian air strikes destroyed
Speaker 1: about a third of his country's power facilities, cutting access
Speaker 1: to electricity and water for many as temperatures drop. In baseball,
Speaker 1: the Yankees are getting ready to face the Astros. In
Speaker 1: the a l CS, New York beat the Guardians five
Speaker 1: one to advance. In Game one of the NLCS to
Speaker 1: Philly shut out the Padres to zip. In the opening
Speaker 1: night of the NBA, the Celtics and Warriors one. In hockey,
Speaker 1: the Devils and Islanders won, the Bruins lost. Global news
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. I'm Michael Laren. This
Speaker 1: is Bloomberg, Nathan. Thanks Michael. At six nineteen on Wall
Speaker 1: Street Live from the Bloomberg Intracted Brokers studios. This is
Speaker 1: Bloomberg Daybreak. We continue to watch shares of Netflix this morning,
Speaker 1: they're up fourteen percent in the pre market after the
Speaker 1: first subscriber growth number for the streaming giant this year.
Speaker 1: Let's bring back Bloomberg Quick Take correspondent Alex Web for
Speaker 1: more on the Netflix earnings. Two point four million news
Speaker 1: subscribers in the third quarter. Alex, that's not as much
Speaker 1: as Netflix used to enjoy. Is that a problem, Well,
Speaker 1: it's not necessarily, it's there'sertainly a lot more than the
Speaker 1: market was expecting. The you know, they've been anticipating just
Speaker 1: a million subscribers, but yeah, you're quite right that a
Speaker 1: year ago they were adding almost double that, and in
Speaker 1: the December quarter, which is currently forecast to add four
Speaker 1: and a half million subs, a year before it had
Speaker 1: added close to ten million. But you know, it's partly
Speaker 1: a function of how big Netflix already is it still
Speaker 1: it has something like, you know, two million subscribers globally,
Speaker 1: there are fewer new ones out there to find, and
Speaker 1: of course, as as as a strings, household budgets get tightened,
Speaker 1: as less money for the people are willing to spend,
Speaker 1: and so I guess that sort of leans into the
Speaker 1: whole for Netflix that providing this sort of lower price
Speaker 1: point adds supported tier around six month could potentially bring
Speaker 1: in some of those squeezed potential subscribers. Yeah, it sort
Speaker 1: of solves two problems for them that ultimately, if you
Speaker 1: are entirely dependent on subscribers paying subscribers, your own opportunities
Speaker 1: for growth are adding more subscribers or charging the subscribers
Speaker 1: you have more money. Now, this, they hope will add
Speaker 1: more subscribers coming in at the lowest tier, and it
Speaker 1: also might then commence others who are already at the
Speaker 1: lowest tier that it's worth paying a little bit more
Speaker 1: not to get ads. But it equally removes the cap
Speaker 1: on their upside. If you look at a company like Facebook,
Speaker 1: which is an advertising technology company, they have consistently succeeded
Speaker 1: in increasing average revenue per user to extended In the US,
Speaker 1: it's well above two hundred dollars per user per year. Now,
Speaker 1: Netflix m i to only need be charging seven dollars
Speaker 1: for the advertising funded tier, but Hulu makes six dollars
Speaker 1: an additional six dollars fifty in ADS from each of
Speaker 1: those users. If you can keep growing that number because
Speaker 1: you've got a committed audience, Uh, that gives you a
Speaker 1: good story to tell your investors in terms of what
Speaker 1: your potential upside is. It's a pretty big sea change though,
Speaker 1: for Netflix, isn't it. I Mean, they bragged for years
Speaker 1: that they weren't going to go with ad support and
Speaker 1: passwords sharing wasn't going to be an issue as well.
Speaker 1: Now they're cracking down on that as well. I mean,
Speaker 1: what other kinds of changes could we see from Netflix
Speaker 1: to keep this growth story going. I mean, you're right,
Speaker 1: is it is a colossal change. Part of the appeal
Speaker 1: of Netflix for a long time was that, unlike traditional
Speaker 1: linear TV, certainly in in large parts of the world,
Speaker 1: there were no ads, and that's what drove Netflix's growth
Speaker 1: for a long time. I think investors had sort of
Speaker 1: thought that they were getting a high growth utility in
Speaker 1: the sense that everybody who was going to stream TV
Speaker 1: or stream video would pay for Netflix and that was
Speaker 1: the base layer, and on top of that you would
Speaker 1: then add things that attuned your interest at Disney Plus
Speaker 1: or Discovery or whatever it might be. And what we've
Speaker 1: started to see is that is not the case. The
Speaker 1: Netflix is not the default, and then people just add more.
Speaker 1: So um, in terms of further changes, look, I think
Speaker 1: they're concentrating a lot on boosting their presence in geographies
Speaker 1: where they're underpenetrated. If you look at countries like India,
Speaker 1: where they have a basic tier which costs about a
Speaker 1: dollar fifty a month um, that is a because you know,
Speaker 1: there's a huge amount of crisis sensitivity in that market.
Speaker 1: If you look at the company's average revenue pe user
Speaker 1: in Asia, it is still around the ten dollar mark.
Speaker 1: Now what that tells you is that they have very
Speaker 1: few subscribers in India, right because if if the r
Speaker 1: POO is that high, it means very few people are
Speaker 1: coming in at the entry level subscription. So there is
Speaker 1: a huge amount of scope to grow in some of
Speaker 1: these massive markets. They've just got to find the shows,
Speaker 1: and actually they will help them do so. It certainly
Speaker 1: looks as though, at least for the moment, investors like
Speaker 1: the story that Netflix is telling. As we're watching the
Speaker 1: shares in the pre market and they are still moving
Speaker 1: higher by nearly fourteen percent. Alex Webb as always great
Speaker 1: to have you on with us once again. Alex Webb,
Speaker 1: correspondent for Bloomberg Quick Take, whose follows all things tech
Speaker 1: very closely. For us on our own streaming service, Looking
Speaker 1: Ahead to the market open this morning. Futures are starting
Speaker 1: to point a little higher now once again, after two
Speaker 1: straight days of solid gains for the SMP. SMP futures
Speaker 1: are up three tenths percent right now, up eleven points.
Speaker 1: DAL futures up forty four NANSDAC futures are higher by
Speaker 1: sixty five points. That's a gain of six tenths percent ten.
Speaker 1: Your treasury is now down fourteen thirty seconds, yield four
Speaker 1: point zero six percent yield on the two year four
Speaker 1: point for eight. And I'm ex scruge moving higher as well,
Speaker 1: up one point one percent of ninety three cents at
Speaker 1: eighty three dollars seventy five cents a barrel. You're listening
Speaker 1: to Blue Boomberg Daybreak Bloomberg eleven three oh weather, sunny, breezy,
Speaker 1: mid fifties today, lots of sunshine, Tomorrow, upper fifties. We'll
Speaker 1: get into the low sixties once again by Friday. Right
Speaker 1: now forty two in Central Park, broadcasting live from the
Speaker 1: Bloomberg Interactive Broker's studio in New York. Bloomberg e Living
Speaker 1: Free on to Washington, d C. Bloomberg on to Boston.
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg N
Speaker 1: sixty to the country, Sirius XM Chado one nine and
Speaker 1: around the globe, the Bloomberg Business app and Bloomberg Radio
Speaker 1: dot com. This is Bloomberg Daybreak six thirty on Wall Street.
Speaker 1: Good morning, I'm Nathan Hager and I'm Karen Moscow, and
Speaker 1: we are just about three hours away from the open
Speaker 1: of US trading. Time for the five things that you
Speaker 1: need to notice start your day. Brown to you by
Speaker 1: Interactive Brokers ibk R. Event Trader offers a new way
Speaker 1: to trade futures. Use event contracts to trade your opinion
Speaker 1: on yes or no questions and key CME futures markets.
Speaker 1: Learn more at event trader dot Interactive Brokers dot com. First,
Speaker 1: the S and P five has rallied two straight days
Speaker 1: to start the week. So have we seen a bottom?
Speaker 1: While the Our Shares chief investment strategist Eva Ato says no,
Speaker 1: but rallies like this could continue through December. Hard to
Speaker 1: time the bottom, but I would say we're closer to
Speaker 1: it than not, and I expect to see the market
Speaker 1: and the year higher. We might even see a Christmas
Speaker 1: rally by then. We'll see the Fed getting inflation under control,
Speaker 1: and we exped inflation to drop next year. Eva Atos,
Speaker 1: with the our shares, expects tech and healthcare stocks to
Speaker 1: bounce back as inflation cools. Now. The rising stocks Karen
Speaker 1: has been fueled by a solid start to earning season.
Speaker 1: It continued yesterday with Netflix adding a better than expected
Speaker 1: two point four million customers in the third quarter. Gita
Speaker 1: Ranga nathanvers Netflix for Bloomberg Intelligence, they're finally back to growth,
Speaker 1: and their guidance right now again pretty much in line.
Speaker 1: And what's really encouraging to me about that four Q
Speaker 1: guidance is that they say that they've really not baked
Speaker 1: in any of those add to your expectations, So there
Speaker 1: is potentially a lot of upside to that guidance as well.
Speaker 1: Peter ran And often with Bloomberg Intelligence, says Netflix is
Speaker 1: set up for a strong fourth quarter. Other songs on
Speaker 1: the move this morning include United Airlines shares are up
Speaker 1: more than five percent, with the airline seeing fourth quarter
Speaker 1: profit above estimate. Shares of Adobe or up two and
Speaker 1: a half percent after the creative design software company reiterated
Speaker 1: his forecast for the current quarter. Still, sticky inflation is
Speaker 1: dampening sentiment Karen, Minneapolis, said President Neil cash car He
Speaker 1: says he expects the Central Bank to continue hiking rates
Speaker 1: as prices climb. The core services inflation, which is the
Speaker 1: stickiest of all, keeps climbing, and we keep getting surprise
Speaker 1: on the upside that core keeps going up and services
Speaker 1: keeps going up. The problem for me with trying to say, hey,
Speaker 1: it's time to pause is we're not even sure that
Speaker 1: we've we've got raids high enough to push services inflation down.
Speaker 1: Minneapolis President Neil cash car He says he sees interest
Speaker 1: rates reaching the mid four's early next year. We hear
Speaker 1: more from the FED Live St. Louis FED President Jim
Speaker 1: Buller joins us this afternoon at three thirty pm Wall
Speaker 1: Street Time on Bloomberg Radio and Nathan. Inflation is also
Speaker 1: coming in hot in the UK. Consumer prices in Britain
Speaker 1: rose ten point one percent last month. That was driven
Speaker 1: by rising food prices. That's the five things that you
Speaker 1: need to notice start your day. Brought to you by
Speaker 1: Interactive Brokers, your latest local headlines straight ahead and this
Speaker 1: is Bloomberg. Thanks. Hearing six three on Wall Street, forty
Speaker 1: two degrees in Central Park to crash southbound New Jersey Turnpike.
Speaker 1: Truck leans continues at exit seven, and Michael Barr is
Speaker 1: here with more on what's going on in New York
Speaker 1: and around the world. Michael, thank you very much, Nathan.
Speaker 1: New York City officials saying that an emergency center to
Speaker 1: how some of the migrants being bust in from border
Speaker 1: states is set to open today. The center will offer
Speaker 1: temporary shelter intents on Randall's Island. The Humanitarian Belief Center
Speaker 1: will start taking single adult men this week, with facilities
Speaker 1: including laundry, meals, and access to international phone calls. Zach
Speaker 1: Isskell is the Emergency Management Commissioner. There are a lot
Speaker 1: of people who we are trying to link up with
Speaker 1: families and sponsors. There's a lot of people that are
Speaker 1: trying to get from another location. UM often the easiest
Speaker 1: way to get out of el passive for examples of
Speaker 1: busting in New York. You've even had somebody that keeps
Speaker 1: to New York trying to get the Emergency Management Commissioners.
Speaker 1: Zach Isiskoll says families with children are to be housed
Speaker 1: in a hotel. Democratic New York Governor Kathy Hokel's lead
Speaker 1: narrowed to just four percentage points over Republican Lee Zelden
Speaker 1: in the new Quinippi AC University poll. It puts the
Speaker 1: Long Island congressman within the margin of error in a
Speaker 1: race where crime has become a dominant issue. Florida Democratic
Speaker 1: Congresswoman Val Demons faced off against Republican Senator Marco Rubio
Speaker 1: in their first debate for ruby OC on WPBF. The
Speaker 1: two sparred over abortion rights. Ruby l defending his support
Speaker 1: for banning abortion with exceptions. Every bill I've ever sponsored
Speaker 1: on abortion, every bill I've ever voted for, has exceptions.
Speaker 1: Every one of them does, because that's what can pass,
Speaker 1: and that's what the majority of people support. Security along
Speaker 1: the border with Mexico was also an issue, Val Demmings.
Speaker 1: I think we can do that with technology, more boots
Speaker 1: on the ground, and more people to process those who
Speaker 1: need to be turned back those who are breaking the
Speaker 1: law from those who are asylum seekers. Pole show. Rubio
Speaker 1: has a slight lead over Demmings going into the November elections.
Speaker 1: Former President Trump is scheduled to sit for a deposition
Speaker 1: today as part of a defamation lawsuit brought by a
Speaker 1: former l magazine writer who claims Trump raped or in
Speaker 1: the ninety nineties. Trump has been in order to answer
Speaker 1: questions under oath from attorneys for E Gene Carroll Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Take, Power to buy more than twenty seven
Speaker 1: hundred journalists analysts more than a hundred trees. Michael Barne,
Speaker 1: This is Bloomberg n Thank you, Michael. On Wall Street.
Speaker 1: Time for the Bloomberg Sports Update, brought to you by
Speaker 1: tri State. Out of Here's John tesh Our, Thanks Nathan.
Speaker 1: Playing a game one day, another than next, another city
Speaker 1: happens all the time, just not when it's the start
Speaker 1: of a new playoff series. Monday's rain out Forest Hit.
Speaker 1: So the Yankees, having come back to the two games
Speaker 1: to one deficit in the a l DS, having one
Speaker 1: game five over Cleveland five to one behind the pitches
Speaker 1: of Nestor Cortez, home runs by John Carlos Stanton and
Speaker 1: Aaron Judge. After the game of the celebration, they flew
Speaker 1: to Houston. They start the Alcs ten I Jamison Talion
Speaker 1: against Justin Verlander. The Yankees trying to win the pennant
Speaker 1: and get some revenge on the Astros. Who won the
Speaker 1: ALCS from them in both two thousand, seventeen and nineteen.
Speaker 1: That Phillies keep winning last team into the postseason. They
Speaker 1: are six and one. They won game one in the
Speaker 1: NLCS and San Diego two to enough the in the
Speaker 1: x met Zach Wheeler teaming with two relievers on a
Speaker 1: one hit shutout the Films that only three. It's so
Speaker 1: they got solo home runs from Bryce Harper, who's homered
Speaker 1: in three straight games, and Kyle Schmoreber hit one nearly
Speaker 1: five hundred feet that Nick's open the season tonight in Memphis.
Speaker 1: Nick debut of Jalen Brunson. The Nets off season had
Speaker 1: Kevin Durant demanding a trade that ended up not happening.
Speaker 1: K d and the next tonight host, New Orleans First
Speaker 1: went to the Devil's fourth two of our Anaheimie Islanders
Speaker 1: beat San Jose five. The two NFL owners met in
Speaker 1: New York and the Colt Jim er Say weighed in
Speaker 1: on the league trying to oust him, battled Washington owner
Speaker 1: Dan Snyder. Unfortunately, I believe that that's the road we
Speaker 1: probably need to go down, and we just need to
Speaker 1: finish the investigation. But it's greatly concerning to meeting, um
Speaker 1: the things that have occurred there over the last twenty years.
Speaker 1: Also yesterday I reported shouting match took place between the
Speaker 1: two most high profile owners, Robert Kraft and Jerry Jones.
Speaker 1: John Stashward Bloomberg Sports. Oh goodness, thank you, John seven
Speaker 1: On Wall Street time to take a look at stocks
Speaker 1: some of the names moving in the pre market. Bloomberg
Speaker 1: Radio and t V Markets correspondent Created Gupta is here
Speaker 1: with the reason why Netflix investors are shouting for joy
Speaker 1: Oh absolutely and a f LX. What a turnaround story
Speaker 1: at least for the stock. Shares are up almost fourteen
Speaker 1: percent in the pre market at this Nathan, it could
Speaker 1: be its biggest jump if it holds since January of one.
Speaker 1: That is enormous subscriber growth was like the usual deal
Speaker 1: for that. Yeah, what it was normal for Netflix to have,
Speaker 1: you know, another beat. It's kind of when Amazon kind
Speaker 1: of came out every quarter quarter after Quarner having a
Speaker 1: pretty beat. The problem with getting a pluses every quarter
Speaker 1: is that eventually that has to slow down. You can't
Speaker 1: continue it exactly. Um. So, nevertheless, Netflix looking like it
Speaker 1: has propped lowered expectations a little bit and then beat them,
Speaker 1: which is which is really boosting the shares this morning,
Speaker 1: Like I said, up fourteen percent in the pre market, um,
Speaker 1: and they beat the reestiments for paid subscribers. They're saying
Speaker 1: that maybe the slowdown is likely over. But it's not
Speaker 1: just Netflix. Take a look at Disney as well. D
Speaker 1: I S is your take following in suit up two
Speaker 1: point eight percent. A lot of the streamers are, are
Speaker 1: okay you for Roku those shares are also up tune
Speaker 1: of three point seven percent this morning. You gotta look
Speaker 1: at Warner Brothers Discoveries well, w b D up almost
Speaker 1: two percents. I'll give you one more, Nathan, because you
Speaker 1: know there's such a plethora of streaming companies out here.
Speaker 1: Fubo TV, f u b O the streaming company for sports,
Speaker 1: also up for about three percent this morning. Yeah, all
Speaker 1: in tandem with Netflix, and I see we have some
Speaker 1: positive news in the chip sector for a change as well.
Speaker 1: We absolutely do. LAMB Research is the one I want
Speaker 1: to kind of use as our poster child for this.
Speaker 1: So basically overnight a s m L, which is a
Speaker 1: Dutch semis equipment maker, came out and said that their
Speaker 1: sales are going to be better than expected in the
Speaker 1: fourth quarter. They're saying that's going to be driven by
Speaker 1: this kind of push for advanced chip making machines. Now, Nathan,
Speaker 1: I like to think about chips. I think of kind
Speaker 1: of big tech as your layer number one. Chips kind
Speaker 1: of magnify the move in big tex. So you're your
Speaker 1: companies like Micron, Intel and Video, et cetera. And then
Speaker 1: there's like another layer, and that other layer is chip
Speaker 1: making equipment companies. Think of it like the deer for
Speaker 1: chips essentially um and then that's where Lamb Research comes
Speaker 1: into handy a s m L as well, so Land
Speaker 1: Research taking it's que from the Dutch equipment maker and saying, well,
Speaker 1: maybe work will work for us to l r c
Speaker 1: X as your ticker up three point four percent this morning.
Speaker 1: Applied Materials not far behind a m A t is
Speaker 1: the ticker. They're up about two point four percent in
Speaker 1: the pre market, and of course k l A is
Speaker 1: the one you keep it want to keep an eye
Speaker 1: on their takers. Interesting because it's actually k l A
Speaker 1: c uh those shares are up about to shove three
Speaker 1: percent as well. If you're on the West coast, you
Speaker 1: might think that's a radio station. Believe that for another time.
Speaker 1: Bloomberg Radio TV Markets correspondent Cretty Gupta, thanks as always
Speaker 1: for keeping an eye on what's happening in the pre market.
Speaker 1: Stocks as a whole given back some of the gains.
Speaker 1: Now we have SMP futures back to little changed, up
Speaker 1: three points, DAL futures up one point, and nastack Future
Speaker 1: is kind of holding on a bit up twenty three
Speaker 1: points for a gain of two tenths percent. Ten Your
Speaker 1: treasuries down fourteen thirty seconds yield four point zero six percent.
Speaker 1: N I'm ex screwed on the rise of one and
Speaker 1: a half percent eighty four oh nine of barrel. This
Speaker 1: is Bloomberg and the Bloomberg Sports Report was brought to
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Speaker 1: Quick Tape. This is a Bloomberg Business Flash, and I'm
Speaker 1: camerin Moscow. This updates brought to you by Sei said
Speaker 1: managers don't get results that are off the charts. Finer
Speaker 1: solutions are off the shelf now. Scis operating platform can
Speaker 1: turn infrastructure into a competitive advantage at s C i
Speaker 1: C dot Com, slash Tech, N S and P futures
Speaker 1: have given up their gains once again. They're now little change.
Speaker 1: We got to the first word breaking news desk for
Speaker 1: today's morning call. Here's Bill Maloney. Bill, Good morning, Hey,
Speaker 1: Good morning, Karen. US features are quiet right now. Doubt
Speaker 1: futures down eighteen points. S and P s are unchanged
Speaker 1: right now, and as the futures higher by eleven. The
Speaker 1: US ten yeld at four point oh six percent, gold
Speaker 1: is down nineteen oil is in the green, and bitcoin
Speaker 1: is lower by point seven percent. Hong Kong fell two
Speaker 1: point four percent overnight, while up markets are also quiet
Speaker 1: this morning, and back in the US on the economic
Speaker 1: Frinday thirty housing starts after the bells night. Netflix Q
Speaker 1: three subscribers Beat Smiths shares are surging in the free
Speaker 1: market and regarding earnings this morning, look for Prog and
Speaker 1: Gamble to report wrapping things up. Booze Allen was cut
Speaker 1: to Mark reform at Raymond James and Netflix was faced
Speaker 1: to buy over at deeortgea Bank. Live from the First
Speaker 1: Breaking News deskcom Doill Maloney, Karen right, Bill, thanks to
Speaker 1: hear live breaking news over your Bloombergy types. Flock on
Speaker 1: your terminal s qu A w K and that's at
Speaker 1: Bloomberg Business Flash. Now here's Michael Barr with Moore on
Speaker 1: what's going on around the world. Michael, Karen, thank you
Speaker 1: very much. Russian strikes on energy utilities have left more
Speaker 1: Ukrainian villages, towns and parts of two cities without power.
Speaker 1: The overnight bombings further titan and energy squeeze on Ukraine
Speaker 1: that threatens misery for millions in winter. Today, President Biden
Speaker 1: is expected to authorize the release of fifteen million more
Speaker 1: barrels of oil from the nation's energy stock supply in
Speaker 1: an attempt to bring down gas prices. In baseball, the
Speaker 1: Yankees are getting ready to face the Astros and the
Speaker 1: a l CS New York Beach Guardians five one to
Speaker 1: advance in Game one of the NLCS to Philly shut
Speaker 1: off the Padres to Zip. In the opening night of
Speaker 1: the NBA, the Celtics and Warriors one. In hockey, the
Speaker 1: Devils and Islanders won, the Bruins lost. Globally, it's twenty
Speaker 1: four hours a day a on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a d twenty countries. I'm Michael Bar and
Speaker 1: this is Bloomberg. Karen alright, Michael bar thank you at
Speaker 1: at sixty nine on Wall Street, and we turned to
Speaker 1: news and science and technology now with a Bloomberg and
Speaker 1: j I T STEM report. BRONTI U buy New Jersey
Speaker 1: Institute of Technology n j I T makes transferring easy
Speaker 1: feverage your associates degree into a STEMA focused bachelor's Learn
Speaker 1: more at n j I T DOT E d U
Speaker 1: slash transfer Now. Here's what's making news and science, technology,
Speaker 1: engineering and math. Britain's first ever space launch is on
Speaker 1: track to take place before the end of November, as
Speaker 1: according to billionaire entrepreneur Richard Branson, whose Virgin Orbit Holdings
Speaker 1: will undertake the mission. Required infrastructure is now in place
Speaker 1: at Spaceport Cornwall in southwest England. Following the arrival of
Speaker 1: Virgin's launcher one rocket. Apple has launched his first fully
Speaker 1: redesigned entry level iPad in five years and new Pro models.
Speaker 1: The latest iPad pro as the M two chip you
Speaker 1: in recent Mac computers. That product represents the Pro models
Speaker 1: first upgrade in a year and a half. The company
Speaker 1: also introduced a cheaper Apple TV set top box with
Speaker 1: four K video support, and a new study published in
Speaker 1: the journal Cell finds that some people really are mosquito magnets.
Speaker 1: The researchers found that people who are most attractive to
Speaker 1: mosquitoes produce a lot of certain chemicals on their skin
Speaker 1: that are tied to smell. Researchers designed and experiment putting
Speaker 1: people's sense against each other. They asked volunteers to wear
Speaker 1: nylon stockings around their forearms to pick up their skin smells.
Speaker 1: The stockings were put in separate traps at the end
Speaker 1: of a long tube. Than dozens of mosquitoes were released,
Speaker 1: and scientists said the mosquitoes would swarm to the most
Speaker 1: attractive subjects. That's the Bloomberg n j I t STEM
Speaker 1: report just piling on the insecurities, aren't you, Karen, Well,
Speaker 1: my daughter is definitely as I was thinking that boom
Speaker 1: A right to her, explains a lot for a lot
Speaker 1: of people. I'm sure thank you for that appreciated. We
Speaker 1: are live for the Bloomberg Interactive Broker Studios Hour is
Speaker 1: six fifty one on Wall Street Time to check what's
Speaker 1: going on in DC now. Some of the top stories
Speaker 1: in our nation's capital include President Biden preparing to announce
Speaker 1: another strategic oil release, potentially with even more to come
Speaker 1: this winter. Also making news the President vowing to send
Speaker 1: abortion rights legislation to Congress if Democrats win the mid terms,
Speaker 1: and Kevin McCarthy suggesting Republicans would resist more aid to
Speaker 1: Ukraine if they take over the House in November. Let's
Speaker 1: get more on the mid term picture. Greg Valiare is
Speaker 1: with US now, chief US policy strategist at a GF Investments. Greg,
Speaker 1: let's start off with this announcement we are expecting later
Speaker 1: this afternoon from the President on trying to get a
Speaker 1: handle on rising gas prices. Do you think that another
Speaker 1: strategic oil release will have much impact? Probably not a lot, Nathan,
Speaker 1: good morning. I do think that politically, of less than
Speaker 1: a month ago before the election, it makes some sense
Speaker 1: he wants to show the public that he's doing everything
Speaker 1: he can. But in terms of the price. No, I
Speaker 1: don't think it's going to have a huge impact. Well,
Speaker 1: it does seem as though the economy inflation are coming
Speaker 1: back front and center for voters with less than three
Speaker 1: weeks to go now till the mid term election. What
Speaker 1: kind of impact could an announcement like this have when
Speaker 1: it comes to trying to steer the economic message for Democrats.
Speaker 1: Maybe a little if the price at the pump does
Speaker 1: go down a bit, But I think attitudes are pretty
Speaker 1: much locked in, and we usually when you get towards
Speaker 1: the end of October and here we are, what's today
Speaker 1: the nineteen You're starting to get an electorate that has
Speaker 1: made up its mind, and the big story is that
Speaker 1: it's all pocketbook issues entirely. To my surprise, abortion is
Speaker 1: not in the top three or four issues. Uh. Urban
Speaker 1: crime is a big issue, that the border with Texas
Speaker 1: is big, but it really boils down into economic issues inflation,
Speaker 1: and that's a real weak point for the Democrats. Although
Speaker 1: it is interesting, of course, to hear the President yesterday
Speaker 1: saying that if Democrats do win in the mid terms,
Speaker 1: he would send abortion rights legislation codifying row as His
Speaker 1: first move if the Democrats do take control is that
Speaker 1: going to help Democrats to have that kind of message
Speaker 1: come out this soon before election day. Maybe it's the margin,
Speaker 1: but I think it's it's clear to me anyway that
Speaker 1: it's not going to make it if Biden does propose that,
Speaker 1: because the House almost certainly is going to flip, and
Speaker 1: it may flip by a lot. It could be as
Speaker 1: low as a ten or twelve or fifteen point flip,
Speaker 1: it could be a twenty or twenty five Seaton flip.
Speaker 1: I think the Republicans are headed for a very good
Speaker 1: night on November eight, And I think that any kind
Speaker 1: of promise you here on abortion is a hollow promise. Yeah.
Speaker 1: I think I saw a note from you just the
Speaker 1: other day that the L word is starting to rear
Speaker 1: its head Landslide. Give us a little more on that.
Speaker 1: What has you thinking that we could see a potential
Speaker 1: red wave in a few weeks. Well, two things. They
Speaker 1: Number one, a significant shift of Hispanic voters towards the Republicans.
Speaker 1: I think Democrats have taken Hispanic voters for granted, and
Speaker 1: there's going to be I think a move there that
Speaker 1: could make the difference of three or four or five
Speaker 1: House seats. The the other big big issue was urban crime.
Speaker 1: I think it's having an impact in Pennsylvania for Dr
Speaker 1: Oz and many other races. Urban crime has become the
Speaker 1: hot button issue, and the Democrats are stuck with his label.
Speaker 1: That isn't fair. Politics isn't always fair, but this label
Speaker 1: that they want to defund the police, that's not true.
Speaker 1: Biden certainly doesn't want to, most of the Democrats don't,
Speaker 1: but they're stuck with a label and they can't get
Speaker 1: rid of it. Now. We have a number of Senate
Speaker 1: races we're watching. You mentioned the one in Pennsylvania. We
Speaker 1: just had a debate last night in Florida, Marco Rubio
Speaker 1: taking on a former police chief in Democrat Val Demmings.
Speaker 1: In terms of the crime issue, how do you see
Speaker 1: that chacking out in a race like the one in Florida,
Speaker 1: which of course is always a battleground politically. Yeah, Florida
Speaker 1: is a tough phrase right now for the Democrats. I
Speaker 1: think that Deming's is not a bad candidate. I watched
Speaker 1: some of the debate. It was very spirited, but I
Speaker 1: think she's the underdog. At the surprise will be Rubio
Speaker 1: only winning by three or four or five points. But
Speaker 1: I do think you'll win. I want to ask you
Speaker 1: as well about what kind of changes we could see
Speaker 1: in terms of policy if Republicans, as you're predicting, do
Speaker 1: UH make significant gains next month. We've heard interviews recently
Speaker 1: with House Republican Leader Kevin McCarthy suggesting that maybe Ukraine
Speaker 1: wouldn't get as much aid under a Republican controlled Congress.
Speaker 1: What kind of changes could we see if Republicans do
Speaker 1: get the majority? Really interesting question. I think there are
Speaker 1: three big issues. Number One, the Republicans want to resurrect
Speaker 1: the idea of the tax cuts, which will expire, many
Speaker 1: of them expire in the middle of this next gig.
Speaker 1: They'll want to revive that. I don't think that's going
Speaker 1: to go very far. I think they also are going
Speaker 1: to talk about big spending cuts, and if they don't
Speaker 1: get big spending cuts, they might even threaten a government shutdown.
Speaker 1: But the third issue, the one that is the most
Speaker 1: eye opening, is a growing feeling among Trump supporters on
Speaker 1: the far right and maybe now among a lot of
Speaker 1: Republicans in the House to not give much more aid
Speaker 1: to Ukraine, that we have more important needs at home,
Speaker 1: that we can't just give them a blank check. If
Speaker 1: that takes over and we're seeing protests in Western Europe,
Speaker 1: could we have a situation by spring where maybe Vladimir
Speaker 1: prutencies a dwindling resolve in the West. That's not out
Speaker 1: of the question. I mean, just thirty seconds left here
Speaker 1: we all stard from Marjorie Taylor Green explicitly saying she
Speaker 1: expects to get more power if Republicans take control. Can
Speaker 1: we see a resurgent sort of Trump wing of the party.
Speaker 1: What Kevin McCarthy has to do, who has appeased the
Speaker 1: right wing in order to get elected speaker? If he doesn't,
Speaker 1: Steve Police could come back into the picture, So he'll
Speaker 1: probably do whatever Marjorie Taylor Green wants because he wants
Speaker 1: to be speaker. Always good to get your thoughts, Gregg.
Speaker 1: Thanks for this. Greg Value, a chief US policy strategist
Speaker 1: at a GF Investments. Read much more at Bloomberg dot
Speaker 1: com or on the Bloomberg terminal, and whenever you're in
Speaker 1: the nation's capital, you can tune in Bloomberg Radio at
Speaker 1: Bloomberg and one oh five point seven fm h D
Speaker 1: two futures turning again, got SMP futures Little change down
Speaker 1: down a point. Dal futures down thirty seven. Nasdaq Future
Speaker 1: is still holding onto a game, just barely by seven points.
Speaker 1: Bloomberg surveillance is next for Karen Moscow. I'm Nathan Hager,
Speaker 1: and this is Bloomberg