Speaker 1: Bloomberg Audio, Studios, Podcasts, Radio News.
Speaker 2: Good Morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 1: stories we're following today. Karen, we begin with politics. Both
Speaker 1: Republicans and Democrats are saying they are worried about the
Speaker 1: potential for violence this election season. Bloomberg's Amy Morris reports
Speaker 1: from Washington.
Speaker 3: The latest Bloomberg News Morning Consult poll finds half of
Speaker 3: swing state voters say they're worried about violence surrounding the
Speaker 3: presidential election. The poll results suggest Republicans, Democrats, and even
Speaker 3: more independents have misgivings about how the race will be
Speaker 3: received by a polarized electorate. Six and ten swing state voters,
Speaker 3: mostly Democrats, are worried about misinformation, and almost half, mostly Republicans,
Speaker 3: expressed similar concerns about foreign interference. In Washington, Amy Morris,
Speaker 3: Bloomberg Radio, Thank you.
Speaker 1: About Voters headed to the polls in four states for
Speaker 1: primary elections in Georgia, Idaho, Kentucky, and Oregon. But one
Speaker 1: of the key races to watch was a special election
Speaker 1: in California for former House Speaker Kevin McCarthy's old seat.
Speaker 1: State Representative Vince Fong won that race with about sixty
Speaker 1: percent of the vote over fellow Republican sheriff Mike Boudreau.
Speaker 1: That brings Republican slim majority in the House to two
Speaker 1: hundred and eighteen. As for the presidential race, two states
Speaker 1: held primaries at that level. Both President Biden and former
Speaker 1: President Trump added to their delegate counts, but in Kentucky,
Speaker 1: the president took just seventy one point three percent of
Speaker 1: the vote. Seventeen point nine percent of Democrats voted uncommitted.
Speaker 1: Biden fared veteran Oregon. He won there with eighty eight
Speaker 1: point two percent. Former President Trump ran unopposed in Oregon,
Speaker 1: and in Kentucky he won with eighty four point nine
Speaker 1: percent of the vote.
Speaker 2: As for Georgia Karin, the key races to watch there
Speaker 2: were for the prosecutor and the judge in Donald Trump's
Speaker 2: election interference trial, and they both came up winners. Bloomberg
Speaker 2: zed Baxter has that part the story.
Speaker 4: If Prosecutor Fannie Willis wins the general election in Atlantis
Speaker 4: Fulton County, she will continue to prosecute the case. Willis
Speaker 4: last year obtained a sprawling iracteuring indictment against Trump and
Speaker 4: eighteen others Willis going in, had a very hefty fundraising
Speaker 4: pot and has run on a campaign that the future
Speaker 4: of the county should not be controlled by self interested politicians.
Speaker 4: The county usually votes heavily Democratic. Judge Scott McAfee won
Speaker 4: an uncontested race. He was randomly assigned to the Trump
Speaker 4: case by the court. At Baxter Bloomberg Radio, all Right.
Speaker 1: And thank you well, Donald Trump's defense team has rested
Speaker 1: its case in his hush money trial, with the former
Speaker 1: president opting not to testify. We get the latest at
Speaker 1: Bloomberg's John Tucker, John, Good Morning.
Speaker 5: And Karen.
Speaker 6: His lawyers wrapped up their case after calling just two witnesses.
Speaker 6: The question of whether Donald Trump would testify had been
Speaker 6: hanging over the trial. He had said previously he would
Speaker 6: take the stand. In the end, it's likely his attorneys
Speaker 6: strongly advised him to avoid testify. Flying Well, the juris
Speaker 6: have been sent home until next week. The judge Wan
Speaker 6: Marachan told them to return on Tuesday for closing arguments,
Speaker 6: and he expects they'll start deliberating Trump's fate the next day.
Speaker 6: After four weeks, the panel has heard from over twenty witnesses,
Speaker 6: including poor an actress Stormy Daniels, and the prosecution star
Speaker 6: witness former Trump fixer Michael Cohen. The final witness for
Speaker 6: the defense was a lawyer who was fiercely criticized by
Speaker 6: the judge. As this case nears conclusion, Trump is facing
Speaker 6: three other prosecutions in New York home John Tucker, Bloomberg
Speaker 6: Radio and John.
Speaker 2: One of those is in Florida, and there is movement there.
Speaker 2: Prosecutors and defense lawyers in the classified Documents case are
Speaker 2: do in court today for the first time since the
Speaker 2: judge indefinitely postponed the trial earlier this month. US District
Speaker 2: Judge Allen Cannon is scheduled to hear arguments on a
Speaker 2: request from the former president to dismiss the indictment on
Speaker 2: grounds that it fails to clearly articulate a crime and
Speaker 2: instead amounts to quote a personal and political attack against
Speaker 2: President Trump.
Speaker 1: Well, now turn to the market, Snathan and the big
Speaker 1: earnings are port. Wall Street has been waiting for Ai
Speaker 1: chipmaker and Vidia reports after the closing bell today on
Speaker 1: Bloomberg's Tom Busby has a preview.
Speaker 5: Well.
Speaker 7: In Vidia has seen explosive growth in its data center
Speaker 7: division and makes the H one hundred chip a so
Speaker 7: called AI accelerator, at the heart of the burgeoning artificial
Speaker 7: intelligence boom. It also recently announced a new platform called
Speaker 7: Blackwell that promises to be even more powerful. One question
Speaker 7: for investors, though, can it get enough supply from manufacturing
Speaker 7: partner Taiwan Semiconductor Manufacturing to keep up with demand. Consensus
Speaker 7: calling for total revenue of twenty four point sixty nine billion,
Speaker 7: most of that from its data centers. Adjusted earnings per
Speaker 7: share five dollars sixty five cents. Tom buzzby Bloomberg Radio.
Speaker 2: All right, Tom, thank you, and as we wait, those
Speaker 2: in Vidia earnings stocks as a whole stand at all
Speaker 2: time highs. The S and P five hundred registered its
Speaker 2: twenty fourth record close of the year. Max Kettner, chief
Speaker 2: multi asset strategist at HSBC Global Research, tells Bloomberg that
Speaker 2: earnings have been driving stuff.
Speaker 8: Look at the U S for example, the average earnings
Speaker 8: beat was around eight and a half to nine percent.
Speaker 8: When we look at the ten year average from before
Speaker 8: COVID that was just around four and a half percent.
Speaker 8: So we just came out of a reporting season where
Speaker 8: you know, the average earnings beat was almost twice as
Speaker 8: high compared to the pre COVID history like what's not to.
Speaker 9: Like with that.
Speaker 2: HSBC's Max Ketner also says inflation is not yet fully
Speaker 2: defeated and.
Speaker 1: Nathan, that's a sentiment we are hearing more and more
Speaker 1: from a course of Fed officials. Feder Reserve Governor Christopher
Speaker 1: Waller says he needs to see more positive news on
Speaker 1: inflation before cutting.
Speaker 10: Rates in the absence of significant weakening in the labor market.
Speaker 10: I need to see several more months of good inflation
Speaker 10: data before I would be comfortable supporting and easing in
Speaker 10: the stance of monetary policy.
Speaker 1: And Fed Governor Christopher Waller added that April consumer price
Speaker 1: figures where a reassuring signal that price pressures are not accelerating.
Speaker 1: Policymakers have not adjusted the benchmark interest right now at
Speaker 1: a twenty three year high since July, Well.
Speaker 2: Karen, Inflation is also in focus in Europe. Let's get
Speaker 2: the latest done that with Bloomberg's un Potts in London, Ewan.
Speaker 11: Nathan and Karen a sticky inflation shock for the Bank
Speaker 11: of England. Consumer prices in the UK rows two point
Speaker 11: three percent in the year to April, down from three
Speaker 11: point two percent the previous month. But that was a
Speaker 11: smaller drop than expected and mostly due to falling household
Speaker 11: energy bills. The core measure of inflation also dropped less
Speaker 11: than expected, and services inflation, something the UK Central Bank
Speaker 11: says it's watching closely well that barely budged, coming in
Speaker 11: at five point nine percent. In London. I'm une Pots, Bloomberg.
Speaker 1: Radio, rand you and thanks well. Barclays is the latest
Speaker 1: firm that wants workers to return to the office. The
Speaker 1: bank is weighing whether to require US workers to commute
Speaker 1: to company offices five days a week. Source to say
Speaker 1: some managers have started warning employees to prepare to commute daily, and.
Speaker 2: In another banking note, Karen, the UK has fined City
Speaker 2: Group almost eighty million dollars for failures in its trading
Speaker 2: systems and controls. In twenty twenty two, a London staffer's
Speaker 2: fat finger trade caused a flash crash in European stocks.
Speaker 2: The blunder sparked a five minute worldwide cell off, wiping
Speaker 2: out three hundred and twenty six billion dollars at one point.
Speaker 1: It's time now for look at some of the their
Speaker 1: stories making news in New York and around the world,
Speaker 1: and for that we're joined by Bloomberg so Michael Barr Michael,
Speaker 1: good Morning.
Speaker 5: Good morning, Karen. Norway, Ireland and Spain recognized a Palestinian state.
Speaker 5: Today's historic move drew condemnation from Israel and jubulation from
Speaker 5: the Palestinians. Israel ordered back its ambassadors from Norway and Ireland.
Speaker 5: Israel's Foreign Minister, Israel Katz, says that Ireland and Norway
Speaker 5: intend to send a message today to the Palestinians and
Speaker 5: the whole world. Terrorism pays. Multiple people have died and
Speaker 5: at least a dozen were injured since a powerful tornado
Speaker 5: tour through a small Iowa town. The twister destroyed homes
Speaker 5: and businesses, shredded trees, and smashed cars. The tornado destroyed
Speaker 5: much of the small Iowood town of Greenfield. Iowa State
Speaker 5: Patrol Sergeant Alex Dinklink.
Speaker 2: We're looking at just making sure that we have everybody
Speaker 2: accounted for.
Speaker 5: Tuesdays saw multiple tornadoes, giant hail, and heavy rain in
Speaker 5: several states. The National Transportation Safety Board will help investigate
Speaker 5: the sudden and severe turbulence that forced the emergency landing
Speaker 5: of a Singapore Airline's flight from London in Bangkok yesterday.
Speaker 5: There is at least one death and dozens were injured.
Speaker 5: This passenger was on the flight.
Speaker 9: Honestly, I didn't understand at all the full scale of
Speaker 9: what happened until we landed. The dents that were made
Speaker 9: in the overhead large compartments, and all the additional kind
Speaker 9: of paneling of heads that literally pushed through and broken
Speaker 9: those classic panels, and there's blood today.
Speaker 5: Singapore Airlines CEO Go Chun Pong says his company is
Speaker 5: deeply saddened by the tragedy.
Speaker 12: A relief flight with one hundred and forty three of
Speaker 12: the SQ three to one passengers and crew members who
Speaker 12: are able to travel, lended in Singapore this morning.
Speaker 5: It's believed the seventy three year old British Man who
Speaker 5: died had a heart attack. The White House announced this
Speaker 5: morning a new round of student loan forgiveness. According to
Speaker 5: the Biden administration, more than one in ten Americans with
Speaker 5: federal student loans have been approved for some measure of
Speaker 5: debt relief under President Biden. The administration went on to
Speaker 5: say more than one hundred and sixty thousand borrowers will
Speaker 5: benefit from the latest package, valued at seven point seven
Speaker 5: billion dollars. Global News twenty four hours a day and
Speaker 5: whenever you wanted with the Bloomberg News. Now, I'm Michael Barr,
Speaker 5: and this is Bloomberg Karen.
Speaker 1: Michael, thank you time now for the Bloomberg Sports Update
Speaker 1: with John Stashauer Junka morning.
Speaker 13: Good morning, Karen, the Indiana Pacer I have already had playoff
Speaker 13: upsets of the third seeded Bucks and the second seeded Knicks,
Speaker 13: and now trying to knock off the top seeded Celtics
Speaker 13: in the East Finals. Indiana nearly won the series opener
Speaker 13: in Boston twice. Rallied back to a double digit deficit,
Speaker 13: had the lead in the final minute of regulation, but
Speaker 13: had two cost the turnovers and didn't foul. With a
Speaker 13: three point lead, they let Jalen Brown hit a game
Speaker 13: time three. Celtics won and over time one thirty three,
Speaker 13: one twenty eight. Tonight at the Guard it's another East
Speaker 13: Final Game one Rangers and the Florida Panthers, who also
Speaker 13: got this far last year went on to the Stanley
Speaker 13: Cup Final two years ago. In this round, Rangers won
Speaker 13: the first two games, with Tampa Bay lost the next four.
Speaker 13: Chris Prider remembered a.
Speaker 14: Couple of years ago we were kind of running on fumes.
Speaker 14: Two very emotional series, kind of coming from behind, and
Speaker 14: obviously it was a fantastic experience. We really left that
Speaker 14: all out there, but I think we we feel like
Speaker 14: there's a whole other level to what we can do
Speaker 14: this year.
Speaker 13: Well, the second playoff series ever between these teams, the
Speaker 13: other back in nineteen ninety seven. Yankees are the first
Speaker 13: two game losing streets late April let the stadium Mariners
Speaker 13: at four home runs two by Dylan Moore, beat the
Speaker 13: Yanks sixty three flavor Torres three run shot for the
Speaker 13: Yankee runs. Mets in Cleveland hit three homers but never led.
Speaker 13: Came up short against the Guardian seven six. Red Sox
Speaker 13: moves over five hundred and five to two win at
Speaker 13: Tampa Bay Natural's loss of the Twins ten to nothing.
Speaker 13: Philly's beat Texas moved twenty one over five hundred Rangers.
Speaker 5: Sworez struck out ten.
Speaker 13: He's nine to zero with a one point three six ERA.
Speaker 13: Many have wondered why, with advanced technology, football games still
Speaker 13: employ the old fashioned chain gang to determined first downs.
Speaker 13: The NFL says it will experiment in the preseason with
Speaker 13: an optical system and if it's successful, it will be
Speaker 13: used permanently. There'll still be a chain gang, but only
Speaker 13: as a backup measure. Johns Stash she Edward, Bloomberg Sports,
Speaker 13: Gary all.
Speaker 1: Right, John, thanks, So we have one other note on
Speaker 1: the Yankees. Sources say businessman Ray Chambers is renewing efforts
Speaker 1: to sell him minority stake in the ball club. Chambers
Speaker 1: is seeking a buyer for the holding. Any Yankee Global
Speaker 1: Enterprises is the Major League Baseball franchise's parent company.
Speaker 15: Coast to Coast on Bloomberg Radio nationwide on Sirius XM,
Speaker 15: and around the world on Bloomberg dot Com and the
Speaker 15: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 16: Good morning.
Speaker 15: I'm Nathan Hager.
Speaker 2: Let's get more now on our latest monthly Bloomberg News
Speaker 2: Morning Consult, Swing State Pole what it says about the
Speaker 2: mood of voters heading into a contentious twenty twenty four election.
Speaker 2: For that, we are joined by Bloomberg News National politics
Speaker 2: reporter Gregory Cordy. Gregory, Good morning. I guess first off,
Speaker 2: I should ask you where things stand in this latest poll.
Speaker 2: The dynamics changed in the seven swing states between the
Speaker 2: president and former President Trump.
Speaker 16: Good morning, Nathan, Well, yeah, I think there's maybe just
Speaker 16: a little bit of movement. You know, we this is
Speaker 16: a monthly tracking poll, so we parse it for just
Speaker 16: even microscopic moves, And what we see this month is
Speaker 16: that President Biden probably has increased his standing just a
Speaker 16: little bit with these swing state voters. Overall, if we
Speaker 16: look across these seven swing states, that's Arizona, Georgia, Michigan, Nevada,
Speaker 16: and North Carolina, Pennsylvania, Wisconsin. We look across those states,
Speaker 16: we've gone from President Trump Foreign President Trump being up
Speaker 16: by six points to now being up by only four.
Speaker 16: And the states that we are looking at most closely
Speaker 16: are those blue Wall states, those northern industrial states of Michigan, Pennsylvania, Wisconsin.
Speaker 16: President Biden continues to be very competitive there. They're all
Speaker 16: within a point or two. But Foreign President Trump continues
Speaker 16: to lead in those other states in the Sun Belt,
Speaker 16: except for Nevada. Nevada is the one sort of inscrutable
Speaker 16: one state that we have this month. Trump was leading
Speaker 16: by eight points last month now instead even there's a
Speaker 16: high margin of error in that state, So not quite
Speaker 16: sure how to interpret that. But overall, this is a
Speaker 16: pretty good pall for Joe Biden if he's going to
Speaker 16: make up ground.
Speaker 2: In terms of the issues that we've talked about this
Speaker 2: time around, we've gotten some pretty interesting insights about what
Speaker 2: voters are concerned about heading toward November.
Speaker 16: Yeah, you talk about the mood of the American people,
Speaker 16: and I'd have to say the mood is somewhat anxious
Speaker 16: about this election. Half of these swing state voters say
Speaker 16: they're concerned about the possibility of violence in the November
Speaker 16: election and its aftermath. You know, we've seen protests over
Speaker 16: you know, Black Lives Matter over the past few years now,
Speaker 16: pro Palestinian protests, but also of course January sixth, there's
Speaker 16: a lot of concern that if the other half of
Speaker 16: the country doesn't get its way, there could be violence,
Speaker 16: but also fears about misinformation, disinformation, foreign interference, election fraud.
Speaker 16: These are all sort of widely held, some more than
Speaker 16: others by the American people, and it's just sort of
Speaker 16: reflective of going into a very contentious and polarizing presidential election.
Speaker 16: People sort of feel that tension.
Speaker 2: Talking of the polarization, Greg Greed. Do those concerns cut
Speaker 2: across party lines or are they felt more by one
Speaker 2: side than the other.
Speaker 16: What's interesting about that violence question is that they're felt
Speaker 16: pretty exactly equally by both Democrats and Republicans, and interestingly,
Speaker 16: independents who are seeing it on both ends have even
Speaker 16: higher fears of violence on some of those other questions,
Speaker 16: on foreign interference and on misinformation a little bit more
Speaker 16: Republican or Democratic depending on the question. But yeah, these
Speaker 16: are pretty broadly held fears across the American electorate.
Speaker 2: This is Bloomberg day Break Today, your morning brief on
Speaker 2: the stories making news from Wall Street to Washington and beyond.
Speaker 1: Look for us on your podcast feed at six am
Speaker 1: Eastern each morning, on Apple, Spotify, and anywhere else you
Speaker 1: get your podcasts.
Speaker 2: You can also listen live each morning starting at five
Speaker 2: am Wall Street time on Bloomberg eleven three to zero
Speaker 2: in New York, Bloomberg ninety nine one in Washington, Bloomberg
Speaker 2: one oh sixty one in Boston, and Bloomberg nine sixty
Speaker 2: in San Francisco.
Speaker 1: Our flagship New York station is also available on your
Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.
Speaker 2: Plus listen coast to coast on the Bloomberg Business app. SERIUSXM.
Speaker 2: The iHeartRadio app and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 1: And I'm Karen Moscow. Join us again tomorrow morning for
Speaker 1: all the news you need to start your day, right
Speaker 1: here on Bloomberg Daybreak