Speaker 1: Live from the Bloomberg in Director Berger Studios. This is
Speaker 1: Bloomberg day Break for Tuesday. On his second two Coming
Speaker 1: up this hour, Tensions escalate between the U S and
Speaker 1: China as Nancy Pelosi heads to Taiwan. Stocks drop around
Speaker 1: the world on the News team, coverage is straight ahead.
Speaker 1: A top al Qaida leader is killed in a US
Speaker 1: drone strike, and another blowout earnings report by Big Oil.
Speaker 1: This time it's VP New York City, along with California,
Speaker 1: to have declared the state of emergency because of monkeypox cases,
Speaker 1: lost its primary day in five states. I'm Michael Larer.
Speaker 1: More Ahead, I'm John Stash, Aaron Sports another errand Judge
Speaker 1: home running. The Yankees win seventh straight win for the Mets.
Speaker 1: Jacob de Graham pitches tonight. That's all straight Ahead on
Speaker 1: Bloomberg day Break on Bloomberg Elving Free on New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Syrius x M one nineteen
Speaker 1: and around the world on Bloomberg Radio dot Com and
Speaker 1: via the Bloomberg Business Actor. Good morning, I'm Nathan Hagar,
Speaker 1: and I'm Karen mall scalo in US South Index futures
Speaker 1: are lower this morning. We are coming up to six
Speaker 1: oh one on Wall Street, and we checked the markets
Speaker 1: every fifteen minutes throughout the trading day. On Bloomberg, U
Speaker 1: S and P Future is down thirty points now futures
Speaker 1: down one fifty nine and as day futures down one seven.
Speaker 1: Ten year Treasury is up eight thirty seconds, held two
Speaker 1: point five four percent, and they yield on the two
Speaker 1: year two point eight five percent. And NIMEX screwed oil
Speaker 1: is down about a ten s of upper cent or
Speaker 1: seventy four cents and ninety three dollar seventeen cents of barrel.
Speaker 1: Nathan Karen will have more on markets in just a minute. First,
Speaker 1: a major announcement from the White House. President Biden says
Speaker 1: the US drone strike in Afghanistan killed one of the
Speaker 1: planners of the nine eleven attacks, Ammon al Zawahi, was
Speaker 1: the leader of al Qaida. No matter how long it takes,
Speaker 1: no matter where you hide, if you are a threat
Speaker 1: to our people, the United States will find in you
Speaker 1: and take you out. Senior Administration official tells us the
Speaker 1: drone strike had been planned for weeks and there were
Speaker 1: no civilian casualties. Well, Nathan. The strike comes about a
Speaker 1: year after the fall of Kabbal to the Taliban and
Speaker 1: the US military's hasty withdrawal from Afghanistan. Lester Munson, principle
Speaker 1: at the government relations firm BGR Group, says it's important
Speaker 1: to look at the attack from that context. What else
Speaker 1: is happening in Afghanistan? One are the other consequences of
Speaker 1: our withdrawal. This is one event. It may be a
Speaker 1: very significant one, but we do need to kind of
Speaker 1: put it in the constellation of all of the other
Speaker 1: information that we have. Lester Munson with BGR Groups spoke
Speaker 1: with our Washington correspondent Joe Matthew on Bloomberg Sound On.
Speaker 1: Catch the program weekdays at five pm Eastern on Bloomberg Radio.
Speaker 1: Another major story we're following at this hour care in
Speaker 1: US House speaker Nancy Pelosi expected in Taiwan this morning,
Speaker 1: defying Chinese threats of military action over the visit. We
Speaker 1: get more from Bloomberg's Bruce Einhorn in Hong Kong. She
Speaker 1: has a long history going back to you know, the
Speaker 1: early days of her career as a China Hawk. She
Speaker 1: has a long record supporting human rights issues are related
Speaker 1: to China. She's met with the Dali Lama, She's met
Speaker 1: with Joshua Wang, the pro democracy activists from Hong Kong.
Speaker 1: She's met with ethnic wagers from Shinjian. So this is
Speaker 1: just in keeping with the long history of Nancy Pelosi's
Speaker 1: position when it comes to highlighting human rights issues democracy
Speaker 1: issues related to China. Broomberg's Bruce sin Horn says Pelosi's
Speaker 1: trip would make her the highest ranking American politician to
Speaker 1: visit Taiwan in twenty five years. Well, Nathan, the escalating
Speaker 1: tension between the US and China is impacting Marcus Sis morning,
Speaker 1: US futures are lower, and Asian stocks fell overnight. We
Speaker 1: get the recount from Bloomberg's Juliet Sally in Singapore. Good Morning, Juliet,
Speaker 1: Good morning Karen. China cs I three extended it's July
Speaker 1: losses and is now down around nine percent from its
Speaker 1: June peak, moving closer towards the correction. Taiwanese stocks also
Speaker 1: came under pressure, while the Taiwan dollar fell to a
Speaker 1: May twenty low against the green bag, investors flock to
Speaker 1: save haven's With the yen rising against the dollar, for
Speaker 1: a fifth session, its longest winning streaks since April one,
Speaker 1: and Australian Vaughn's rose, while the Aussie dropped as the
Speaker 1: r VA became slightly less hawkish while still delivering another
Speaker 1: fifty basis point hike In Singapore. Juliet Sally Bloomberg daybreak.
Speaker 1: All right, Juliet, thank you. In Europe this morning, shares
Speaker 1: a VP or up about three percent. The Oil Giants
Speaker 1: second quarter adjusted net income was the highest since two
Speaker 1: thousand and eight. We get more from Bloomberg Intelligence senior
Speaker 1: energy analyst Will Hares. This is a very big beat
Speaker 1: from BP and two Q eight and a half billion
Speaker 1: in adjusted earnings. This is roughly more than two billion
Speaker 1: than the Street CONTENTUS had estimated. A big driver here
Speaker 1: has been there the oil trading division, which is not
Speaker 1: broken out by VP. The company cited they had exceptional
Speaker 1: oil trading returns, capturing value from some of that historic
Speaker 1: volatility we have seen well Hairs with Bloomberg Intelligence says
Speaker 1: BP also increased its dividend and accelerated share by backs well.
Speaker 1: Nathan Beck. Here in the U shares A pinterest are
Speaker 1: surging up more than eighteen percent, as after Elliott Investment
Speaker 1: Management confirmed as Steak is the company's top shareholder, and
Speaker 1: we get the story from Bloomberg's Charlie Pellett. Elliott says
Speaker 1: it approves of the company's leadership. Sales at Pinterest increase
Speaker 1: nine percent to six hundred sixty five point nine million
Speaker 1: dollars in the second quarter. Pinterests that have had four
Speaker 1: hundred thirty three million monthly active users at the end
Speaker 1: of the period on June, about the same as in
Speaker 1: the previous quarter, but a five percent decline from a
Speaker 1: year earlier. In New York, Charlie Pellett Bloomberg tabreak. All right, Charlie, thanks,
Speaker 1: and the earnings continue today with more than forty companies
Speaker 1: reporting Uber Technologies reports. This afternoon, we get a preview
Speaker 1: from Bloomberg's Tom Busby. Investors will focus on two things
Speaker 1: from the second quarter results out today. Signs of how
Speaker 1: a shortage of drivers may have impacted its ride hailing
Speaker 1: business and how much it's food delivery unit Uber Eats
Speaker 1: may have suffered from rising food costs. Bloomberg and Census
Speaker 1: calls for revenue of seven point three nine billion dollars
Speaker 1: at a loss of twenty five cents per share total
Speaker 1: losses forecast to be around four hundred nine million dollars.
Speaker 1: Tom Busby Bloomberg Daybreak, Tom, thank you. Another corporate news
Speaker 1: this morning. The legal moves are heating up in Twitter's
Speaker 1: case against Elon Musk. We get the latest line from
Speaker 1: Bloomberg's I Need a young Good Morning Radio, Good Morning, Karen.
Speaker 1: Twitter is probing the social circle of the Elon Musk
Speaker 1: lawyers are making far reaching legal requests about his forty
Speaker 1: four billion dollar deal to take Twitter private. That's according
Speaker 1: to legal documents obtained by The Washington Post. Not twitters
Speaker 1: legal team asked for information about Silicon Valley elite investors,
Speaker 1: including David Sacks and Bark Andresen, and since some of
Speaker 1: the heavy hitters have not been named publicly in the deal,
Speaker 1: it suggests just how far Twitter is willing to go
Speaker 1: to four C Elon Musk to honor the deal. Twitter
Speaker 1: is also probing Morgan Stanley, Bank of America and other
Speaker 1: banks that committed to backing the acquisition. Live in New York,
Speaker 1: I'm gonna need a young, Bloomberg Daybreak, Thanks for Nita SMP.
Speaker 1: Futures now or down thirty two points down. Futures down
Speaker 1: a hundred seventy Nasdaq futures lower by a hundred thirty
Speaker 1: two points, that is a drop of one percent. Tenure
Speaker 1: Treasury is up seven thirty seconds to the yield two
Speaker 1: point five four percent. Straight ahead, your latest local headlines
Speaker 1: and a check of sports. This is Bloomberg six oh
Speaker 1: seven on Wall Street, seventy one degrees in Central Park northbound.
Speaker 1: Root thirty five is closed at the Victory Circle in
Speaker 1: South Amboy for an accident. Details coming up in traffic.
Speaker 1: First Michael Barr with what else is going on in
Speaker 1: New York and around the world. Michael, thank you very much, Nathan.
Speaker 1: New York City has declared a state of emergency as
Speaker 1: monkeypox cases continued to rise. A reporter asked Mayor Eric
Speaker 1: Adams if the city has quote dropped the ball. On
Speaker 1: its response, Adam says it has done the best it
Speaker 1: could with the tools it had. We will receive it
Speaker 1: less than we deserved. In vaccines, we advocated we utilize
Speaker 1: our direct communication with the White House. Get more. About
Speaker 1: a quarter of all monkeypox cases in the United States
Speaker 1: are in New York City. An estimated one hundred fifty
Speaker 1: thousand New Yorkers are at risk of monkeypox exposure. California
Speaker 1: has declared a state of emergency to deal with the
Speaker 1: outbreak of monkey box. More in this live report from
Speaker 1: Bloomberg's John Tucker John Michael. Governor Gavin Newsom mayde declaration
Speaker 1: to bolster the state's vaccine efforts. It makes California the
Speaker 1: second state in three days to take a step. Nearly
Speaker 1: eight hundred cases have been reported in that state. He
Speaker 1: says he'll continue to work with a feller government to
Speaker 1: secure more vaccines, raise awareness about reducing risk, and stand
Speaker 1: with the LGBT community fighting stigmatization. The move comes after
Speaker 1: a similar declaration in New York State Saturday and in
Speaker 1: San Francisco Thursday. John Tucker, Bloomberg Daybreak, John, Thank you, sir.
Speaker 1: It is primary day in five states and Arizona. Voters
Speaker 1: are choosing between candidates who say they wouldn't have certified
Speaker 1: the results of the twenty campaign and those who argue
Speaker 1: it's time to move on. Of the closely watched contests
Speaker 1: include races for Michigan's governor and Missouri's senator. Voters into
Speaker 1: Kansas will be the first to design on abortion rights
Speaker 1: since the U. S. Supreme Court revoked Roe v. Wade.
Speaker 1: Washington State also holds primaries. The Ukrainian troops have made
Speaker 1: in roads into the Russian defenses and used US supplied
Speaker 1: rocket launchers just trying bridges and military infrastructure in the South.
Speaker 1: Moscow is diverting its forces from the Dundas region to
Speaker 1: counter the new threat. Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven hundred journalists and analysts or more than
Speaker 1: one hundred twenty countries. I'm Michael Blart, this Bloomberg Nathan.
Speaker 1: Thank you Michael six o nine on Wall Street time
Speaker 1: for the Bloomberg Sports Update. Here s thanks, Nathan. Has
Speaker 1: been such a great baseball season New York through four months,
Speaker 1: and both teams began offus with victories, the Yankee seven
Speaker 1: to two, the Mets seven to three in Asha Kid.
Speaker 1: They spetched their winning streak to seven the night after
Speaker 1: nineteen hits thirteen more for by Brandon Nimo, home runs
Speaker 1: for Pete Alonso and Francisco and door Toback Max Scherzer,
Speaker 1: who beat his old team and proved his seven and two.
Speaker 1: Mets fans have dreamt about the one two points of
Speaker 1: Scherzer and Jacob to Graham the night after Sherzer on
Speaker 1: the mound, It's de Graham tonight, making his long anticipated
Speaker 1: season debuts. Excited. Um, you know, like you said, it's
Speaker 1: been a long time. Um, you know, this has been
Speaker 1: a pretty slow process of coming back. So um, excited
Speaker 1: to be out there. Uh, nerves haven't really said in yet,
Speaker 1: but you know, I'm sure Tuesday, I'll be pretty nervous.
Speaker 1: And uh, I'm feeling it's gonna feel like my debut. Meanwhile,
Speaker 1: at the stadium, familiar script for the Yankees. Four home runs.
Speaker 1: Anthony Rizzo three run home over before the Mariners recorded
Speaker 1: and out his twenty six and one aning later sharing
Speaker 1: off Aaron Judge is forty three. Jose Trevino added two
Speaker 1: solo shots. Domingo Herman got his first win. He may
Speaker 1: be losing his spot on the rotation. Because the Yankees
Speaker 1: before today's trade deadline acquired Rankey Montas from Oakland also
Speaker 1: got leader Luke Rovino. They required another reliever, Scott E.
Speaker 1: Frost from the Cubs. The arbitrator hired to rule on
Speaker 1: de Shaun Watson game a six games suspension for his
Speaker 1: sexualness conduct with the fuss, but under terms of the
Speaker 1: labor deal, the NFL, who wanted a longer suspension can
Speaker 1: appeal basically to themselves, and then can add more games,
Speaker 1: which would lead to a lawsuit by the unions, though
Speaker 1: the Watson stories likely not over. Yeah, johns Dash Bloomberg
Speaker 1: sports all right, John, thank you. SMP futures down down
Speaker 1: thirty one point, Style futures down a hundred sixty nine.
Speaker 1: Nastack futures are lower by a hundred twenty eight points.
Speaker 1: The Jackson Germany down eight tenths per cent. Cap in
Speaker 1: Paris down six tenths percent. Tenure Treasury is up six
Speaker 1: thirty seconds. The yield two point five five percent yield
Speaker 1: on the two year two point eight five percent. Nime
Speaker 1: X crew down nine tenths per cent, or eighty six
Speaker 1: cents at ninety three dollars three cents of barrel with
Speaker 1: Geo political risk taking the four this morning. We speak
Speaker 1: next with Liz Anne Saunders, chief investment strategist at Charles Schwab.
Speaker 1: This is Bloomberg Bloomberg eleven three oh weather, sunshine, maybe
Speaker 1: a shower thundershower going up to near ninety today and
Speaker 1: tomorrow when it will be sunny, sunny, hot, humid for
Speaker 1: Thursday highs then your five right now seventy one in
Speaker 1: Central Park markets, headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot Com, Bloomberg Business Out, and
Speaker 1: at Bloomberg Quicktape. Chris is a Bloomberg Business Flash and
Speaker 1: I'm Karen Moscow socks and US stock index futures are
Speaker 1: falling him at escalating US China tension over Taiwan and
Speaker 1: deepening Rory's about a global economic slowdown driving investors into
Speaker 1: the safety of government balls. We checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg Guess and
Speaker 1: p futures down thirty five points down, features down a
Speaker 1: hundred ninety six and nastack futures down one thirty nine.
Speaker 1: The Dacks in Germany is down about one percent. Ten
Speaker 1: year treasury of ten thirty seconds, he'll two point five
Speaker 1: three percent. That yell downe a two year two point
Speaker 1: eight four percent. Nine Max Screwed oil is down one
Speaker 1: point two percent on a dollar eleven at ninety two
Speaker 1: dollars seventy eight cents of barrel comic schooled up three
Speaker 1: tenth percent or four dollars ninety cents. A seventeen ninety
Speaker 1: two sixty announced the euro one point two three six
Speaker 1: against the dollar. British found one point to two oh
Speaker 1: nine and again one thirty point nine zero. I'm looking
Speaker 1: at bitcoin this morning, down one and a half percent
Speaker 1: at twenty two thousand and seven hundred seventy five dollars.
Speaker 1: Today we are watching for the jolts and jobs report
Speaker 1: at a ten o'clock Wall Street time, and that's a
Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on
Speaker 1: what's going on around in the world. Michael Karen, thank
Speaker 1: you very much. President Jill Biden has announced that al
Speaker 1: kind of leader I'm in als Wharre has been killed
Speaker 1: in a U. S drone strike and cobble during an
Speaker 1: evening address. Biden is hailing the operation as delivering justice
Speaker 1: while expressing hope that it brings one more measure of closure.
Speaker 1: It's a family are the victims of the nine eleven attacks.
Speaker 1: How Speaker Nancy Pelosi is expected to land in Taiwan
Speaker 1: today and defiance of Chinese threats, The trip would make
Speaker 1: Pelosi the highest ranking American politician to visit the island
Speaker 1: in twenty five years in baseball. The Yankees beat the
Speaker 1: Mariners seven two, the Mets beat the national seven three.
Speaker 1: The Red Sox and Orioles were also winners. The Giants
Speaker 1: lost to the Dodgers eight to Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven under journalist and analysts and
Speaker 1: more than a hundred twenty countries. I'm Michael bar This
Speaker 1: is Bloomberg. Nathan all right, Michael, thank you. It's six
Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is a Bloomberg Daybreak on a risk off morning.
Speaker 1: We are joined by liz Anne Saunders, chief investment strategist
Speaker 1: at Charles Schwab. Liz An, it's really nice to have
Speaker 1: you back on the show with us. I'm really curious
Speaker 1: what you make of this market reaction, where it does
Speaker 1: seem as though geopolitical risk is getting the attention of
Speaker 1: investors this morning. It is the extent you point to
Speaker 1: one particular thing for a pre open move in the market.
Speaker 1: There's obviously always lots of forces, and I think the
Speaker 1: markets strength suggests that there might be um some investors
Speaker 1: looking for excuses to take some profits. So some of
Speaker 1: it has to do with just the nature of this
Speaker 1: rally and and now having I think a reason to
Speaker 1: trim and that's somewhat typical in these bear market rallies. Okay,
Speaker 1: so do you see further momentum then for the bear
Speaker 1: market rally beyond what's happening this morning. I think we
Speaker 1: have the strong likelihood that we continue to see some
Speaker 1: of these rallies. We've had several of them since the
Speaker 1: bear market began. This one has had some improvement in
Speaker 1: breath statistics, but you still have a very anemic percent
Speaker 1: of stocks that have moved to new highs, and you
Speaker 1: would expect to see a bit more of a burst there. Typically,
Speaker 1: I think the market has largely priced in the tighter
Speaker 1: financial conditions environment, maybe even the slowing in economic growth.
Speaker 1: But what I don't think the market is yet priceton
Speaker 1: is what is likely coming in terms of weakening employment
Speaker 1: backdrop and a weaker earnings and profit margin backdrop, which
Speaker 1: hasn't shown up in earnest in second quarter, but I
Speaker 1: think we'll start to be reflected in estimates looking at
Speaker 1: the rest of the year. Interesting that sort of leads
Speaker 1: us to what we could get from the jobs report
Speaker 1: coming out this Friday. What are your expectations there? Do
Speaker 1: you think we'll start to see some signs of weakness
Speaker 1: in the labor market. So expectation is is in the
Speaker 1: two hundred and fifty or so range, and that's down
Speaker 1: from the high three hundreds from last month, so that
Speaker 1: would continue to market deceleration. And I think the the
Speaker 1: sort of innards of the job's report will be increasingly important,
Speaker 1: everything from hours worked, the differential between the payroll survey
Speaker 1: and the household survey that was dark last month when
Speaker 1: we saw the better unexpected payrolls but negative household and
Speaker 1: the two out of the last three months for the
Speaker 1: household survey from which the unemployment rate is calculated were negative.
Speaker 1: And the only reason why the unemployment rate didn't go
Speaker 1: up is because we saw a week or labor force
Speaker 1: participation rates. So I think it's beyond just the headlines
Speaker 1: of how many jobs were created, what is the unemployment rate,
Speaker 1: but the inner workings of what's going on in the
Speaker 1: labor market, And of course preceding that on Thursday will
Speaker 1: be claims, and unemployment claims are now up by a
Speaker 1: percentage amount from the trough that is well beyond the
Speaker 1: average for recessions historically. So yes, labor market that is important,
Speaker 1: but you got to go beyond the headlines. Now, we
Speaker 1: got further signs of economic slowdown just this week from
Speaker 1: the I s M Manufacturing Index. Is the FEDS starting
Speaker 1: to get the reduction in economic activity that it's looking
Speaker 1: for from aggressive policy? Yes, But as as Powell and
Speaker 1: many other Fed speakers have said, in terms of the
Speaker 1: actual inflation data, whether it's PC, whether it's cp I,
Speaker 1: they want to see a series of lower readings. So yeah,
Speaker 1: the leading indicators, including what was embedded in the I
Speaker 1: s M data that came out yesterday with the big
Speaker 1: drop and prices paid the big drop, and supplier deliveries.
Speaker 1: I put a chart out on Twitter today of shipping
Speaker 1: rates from Shanghai to Los Angeles. All suggests we're going
Speaker 1: to start to see an easing and inflation. But given
Speaker 1: their emphasis on series, um, I don't think that this
Speaker 1: is a one time deal. Where as soon as you
Speaker 1: see the peak is in on on headline CPI or
Speaker 1: any other measure, that they're going to feel the ability
Speaker 1: to kind of take their foot off the break. And
Speaker 1: I think that may be what the market might be
Speaker 1: having a bit wrong. Is this assumption that we're going
Speaker 1: to sooner rather than later get a FED pivot, get
Speaker 1: some sort of FED put um. I think that may
Speaker 1: be a bit too optimistic an assumption. Only about thirty
Speaker 1: seconds left here, Liz. And just to bring it back
Speaker 1: to g O politics, if we do have these rising
Speaker 1: tensions between the US and China, does that have implications
Speaker 1: for a global slowdown? Um? I think it has more
Speaker 1: implications for just the sentiment environment, which has been pretty
Speaker 1: touchy anyway, Things like your policy uncertainty index probably moves
Speaker 1: back higher. So I think it just adds to the mix,
Speaker 1: even if it's not an immediate direct impact on the
Speaker 1: global economy. Thanks so much, Lizien, again, great having you
Speaker 1: with us this morning. Liz Ane Saunders, chief investment strategist
Speaker 1: at Charles Schwab. Right now, SMP futures are lower by
Speaker 1: thirty three points, down futures down eight, and NASDAC futures
Speaker 1: down a hundred thirty five points. The tenure Treasury is
Speaker 1: up nine thirty seconds now with the yield two point
Speaker 1: five three percent. The yield on the two year two
Speaker 1: point eight five NIME ex scrudes down one percent or
Speaker 1: ninety seven cents ninety two dollars two cents a barrel,
Speaker 1: just to head more on the market reaction to speaker
Speaker 1: Pelosi's Asia trip, and Twitter goes that elon Musk's Inner Circle.
Speaker 1: Five Things you need to notice start your day on
Speaker 1: Bloomberg day Break Bloomberg eleven three oh weather sunshine, maybe
Speaker 1: a shower of thundershower today with a high near ninety degrees,
Speaker 1: mostly sunny, near ninety Tomorrow, sunny, hot, humid Thursday with
Speaker 1: a high then near nine right now seventy one in
Speaker 1: Central Park. Broadcasting live from the Bloomberg Interactive Broker Studio
Speaker 1: in New York. Bloomberg Living Free to Washington, d C,
Speaker 1: Bloomberg N one to Boston, Bloomberg one oh six one
Speaker 1: to San Francisco, Bloomberg N sixty to the country, Sirius
Speaker 1: XM Cho one nine and around the globe the Bloomberg
Speaker 1: business in Bloomberg Radio dot Com. This is Bloomberg Daybreak,
Speaker 1: six thirty on Wall Street. Good morning, I'm Nathan Hager
Speaker 1: and I'm Karen Moscow. We are just about three hours
Speaker 1: away from the open of US trading. Time for the
Speaker 1: five things that you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers. Interactive Brokers Global Analysts
Speaker 1: helps you find you global investment opportunities. To diversify your
Speaker 1: portfolio and discover undervalued companies that may have greater growth potential.
Speaker 1: Try ivy Care Global Analyst today at ib care dot
Speaker 1: com slash g a up first. President Biden addressed the
Speaker 1: nation last night, saying a US drown strike in Afghanistan
Speaker 1: killed Al Kinda leader i'm An al Zawari, one of
Speaker 1: the planners of the nine eleven attacks. The President thanked
Speaker 1: experts and operatives who brought justice to al Zawari is
Speaker 1: thanks to their extraordinary persistence of skill that this operation
Speaker 1: was success. They made its all safer. And President Biden
Speaker 1: said he authorized this strike and that there were no
Speaker 1: civilian casualties. And we're also closely following. Nancy Pelosi is
Speaker 1: expected to visit to Taiwan this morning care and China
Speaker 1: is threatening military action over it, but the House Speaker
Speaker 1: should make the trip safely. That's according to US National
Speaker 1: Security Council spokesperson John Kirby. We have indications that the
Speaker 1: Chinese might take some actions in a military way to
Speaker 1: protest a trip by the Speaker. What I wanted to
Speaker 1: make clear today was that we are going to make
Speaker 1: sure that if the Speaker decides to go to Taiwan,
Speaker 1: she can do so safely. John Kirby with the National
Speaker 1: Security Council spoke with our Washington correspondent Joe Matthew and
Speaker 1: the escalating tensions between the US and China are affecting markets.
Speaker 1: Futures are lower, Asian stocks fell overnight. Anthon turning to
Speaker 1: corporate news now, legal moves are heating up in Twitter's
Speaker 1: case against Elon Musk and Bloombergh, Ddy Young joints US
Speaker 1: Live with the latest Good Morning Ready to Good Morning Care,
Speaker 1: and Twitter is probing the social circle of Elon Musk. Literally,
Speaker 1: lawyers are making far reaching legal requests about his forty
Speaker 1: four billion dollar deal to take Twitter private. That's according
Speaker 1: to legal documents obtained by The Washington Post. Twitter's legal
Speaker 1: team asked for information about Silicon Valley investors, including David
Speaker 1: Sas and Mark Entreeson, and since some of the heavy
Speaker 1: hitters have not been named in the deal publicly, it
Speaker 1: suggests just how far Twitter is willing to go to
Speaker 1: force Elon us to honor the deal. Twitter is also
Speaker 1: probing Morgan Stanley, Bank of America and other banks that
Speaker 1: committed to backing the acquisition. Live in New York, I'm
Speaker 1: renned a young Bloomberg daybreak, thanks Anina. More than forty
Speaker 1: companies report earnings today, including Uber and Starbucks. Pinterests who
Speaker 1: shares are surging nearly twenty despite results that missed estimates.
Speaker 1: Elliott Investment Management confirmed its steak as the company's top shareholder.
Speaker 1: And Nathan, we just heard from Caterpillar at second quarter
Speaker 1: revenue just missing analysts estimates cessify. Things you need to
Speaker 1: notice start your day. Brought to you by interacted brokers,
Speaker 1: local News, straight Ahead, Thank you, Caring six thirty three
Speaker 1: on Wall Street where it's seventy two degrees in Central
Speaker 1: Park got an accident on the northbound Garden State Parkway.
Speaker 1: Eggs at one thirty five will tell you more in
Speaker 1: traffic shortly First, Michael Barr has what else is going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much, Nathan. New York City Mayor Eric Adams
Speaker 1: defended his city's response to monkey pox. Adams declared a
Speaker 1: state of emergency over the buyer US When asked whether
Speaker 1: the city quote dropped the ball in its response, Adam says,
Speaker 1: the city is simultaneously dealing with multiple issues. We're moving
Speaker 1: together of still getting people vaccinated for COVID and still
Speaker 1: dealing with the monkey pocks that's coming in. Meanwhile, California,
Speaker 1: as governor, has declared a state of emergency to combat
Speaker 1: the monkey pocks. I'll break more in this live report
Speaker 1: from Bloomberg's John Tucker John Michael. Nearly eight hundred cases
Speaker 1: of monkey pox have been reported in California. People getting
Speaker 1: six so far have mainly been men who have sex
Speaker 1: with men, though health officials note that the virus can
Speaker 1: infect anyone. California joins Illinois and New York and announcing
Speaker 1: the emergency was should bolster vaccination status change means emergency
Speaker 1: medical services personnel canal administer monkey pox shots, similar to
Speaker 1: the authorization recently enacted for pharmacists line to New York.
Speaker 1: I'm John Tucker, Bloomberg Daybreak. Thank you very much. John.
Speaker 1: It is primary election day today in five states. In Kansas,
Speaker 1: abortion is on the outot, the voters deciding whether residents
Speaker 1: should continue to have the right to an abortion under
Speaker 1: the state constitution. Pro choice, canvass or Jackie Clapper, whatever
Speaker 1: your views are on what do you believe restrictions or
Speaker 1: no restrictions or whatever. It's just women should be able
Speaker 1: to make that choice for themselves. However, this man supports
Speaker 1: amending the Constitution taking away the right to an abortion.
Speaker 1: This isn't about abortion. It is about how do we
Speaker 1: want decisions made by a board of liberal judges with
Speaker 1: no input from the citizens of the state of Kansas. Michigan, Arizona, Missouri,
Speaker 1: and Washington State also hold primaries. New Jersey Governor Phil
Speaker 1: Murphy says the Jersey City councilwoman displayed unacceptable behavior when
Speaker 1: she struck a bicyclist with her car and left the scene.
Speaker 1: Murphy stopped short of calling for her resignation, as some
Speaker 1: have demanded. Traffic cam video of the July nineteenth incident
Speaker 1: shows a car driven by councilwoman Amy de Guise striking
Speaker 1: food delivery man Andrew Bly as he rode through a
Speaker 1: red light. Black suffered cuts in an ankle injury. Capital
Speaker 1: rioter Guy Refford was sentenced to spend more than seven
Speaker 1: years behind bars, the longest sentence yet. In the January
Speaker 1: sixth case, Reford was convicted for obstructing Congress, among other crimes.
Speaker 1: Global Name was twenty four hours a day on air
Speaker 1: and all Bloomberg Quick Take, powered by more than twenty
Speaker 1: seven hundred journalists and analysts in more than a hundred
Speaker 1: twenty countries. I'm Michael bar this is Bloomberg Naved. Thank you, Michael.
Speaker 1: Almost sixty six on Wall Street. John stash Hour has
Speaker 1: the Bloomberg Sports Update. All right, Nathan, A lot of
Speaker 1: happy Mets fans. Seven game winnings, drink and Jacob de
Speaker 1: Graham on the Mount Tonight Mets in Washington led four
Speaker 1: to three, put the game away six eight two old.
Speaker 1: Here's a drive in here, teth to left center. This
Speaker 1: one stock flats. If my go and it's gone up
Speaker 1: center field. A free run homer to the opposite fail
Speaker 1: hit five Francisco a door. It's just eight home run
Speaker 1: of the year. He is now a privitive seven three
Speaker 1: room CBS to call seven three of the final Max
Speaker 1: schers who got the way. Patrick Corbin took the loss,
Speaker 1: his fifteenth loss of the season, and now it's de
Speaker 1: gram baseball's best picture, but so often injured. His first
Speaker 1: Met start in more than a year, Juan Soto homeward
Speaker 1: officers or in what may have been his last game
Speaker 1: with the Nationals. Trade deadline six o'clock. Yankee busy the
Speaker 1: day before, they acquired three pitchers. A starter Frankie Mantas
Speaker 1: comes from Oakland with the leiver Blue Blue Trevino. They
Speaker 1: also added the leaver Scott Ecross from the Cubs, and
Speaker 1: then the Yanks pete Seattle seven to two at the
Speaker 1: State of second. Three run homers many days for Anthony
Speaker 1: Rizzo came first inning his twenty six and inning later.
Speaker 1: Two run shot for Aaron Judge continues his tourrid pace.
Speaker 1: His forty three homer ten in the last eleven games.
Speaker 1: Two solo shots for Jose Trevino. The Astros trying to
Speaker 1: catch the Yankees. They lost. The Red Sox usedon acquired
Speaker 1: catcher Christian Vascus from Boston and first base from trade
Speaker 1: Mancini from Baltimore. The NBA is investigating whether the Knicks
Speaker 1: tampered and they're signing a free agent Jayal and Bronson.
Speaker 1: Greg Norman runs the New Live Tour. He told Fox
Speaker 1: News they offered Tiger what's about seven fifty million dollars.
Speaker 1: He said, no, John should I wear bloom Bird Sports.
Speaker 1: Nathan all right, John, thank you to six thirty seven
Speaker 1: on Wall Street. Time to take a look at stocks,
Speaker 1: some of the names moving in the pre market with
Speaker 1: Bloomberg Radio and TV markets correspondent Pretty Gupta looking under
Speaker 1: the hood of the geopolitical risk that has markets focused
Speaker 1: this morning cretty well. Of course everyone's talking about Nancy
Speaker 1: Pelosi and the visits to Taiwan. She is due to
Speaker 1: land there. I believe in a couple of hours. There
Speaker 1: is a little bit of a stock right through here.
Speaker 1: Now you do a futures lowers. A lot of this
Speaker 1: is coming from geopolitical tensions, and once again, Nathan just
Speaker 1: feels like deja vu from the trade war. Honestly, right
Speaker 1: underneath the hood, you're also seeing a lot of this
Speaker 1: concentrated in the same names that were affected by the
Speaker 1: trade ward. Take a look at some of these Chinese
Speaker 1: A d rs. For example, Ali Baba b A b
Speaker 1: A shares around three point four percent in the pre markets.
Speaker 1: The similar story when you look at the likes of
Speaker 1: bide You for example b I d You as your taker,
Speaker 1: also down three percent. But really at the core of
Speaker 1: the shoe when it comes to Taiwan is semiconductors, it's
Speaker 1: chips production, and specifically when you have the United States
Speaker 1: that has recently packed two major acts within Congress. The
Speaker 1: first is a fifty two billion dollar grant for a
Speaker 1: lot of these chip companies to start production within the
Speaker 1: United States and then a fifty two billion over five
Speaker 1: years by the way, which is still a very very
Speaker 1: small part of the industry. And then you have also
Speaker 1: these other um kind of order from the U S.
Speaker 1: Commerce space thing that Intel and the likes they can't
Speaker 1: actually expand their fab capacity over in China, so that
Speaker 1: of course is a double whammy. First, stocks like Intel
Speaker 1: for example, i n tcs R ticker down one point
Speaker 1: three and Intel really just having a bad day, Nathan,
Speaker 1: because on top of that they also got cut to
Speaker 1: negative by SNP and downgraded to sell over at DZ Bank.
Speaker 1: So there's a lot happening with the chip space at them. Yeah,
Speaker 1: it's a multi varied uh US China tension story here.
Speaker 1: But we're also getting earnings just this morning, and wonder
Speaker 1: if that will sort of bring the focus back to
Speaker 1: the economic slowdown story. You know, it's like socks just
Speaker 1: won't get a break. Well, there Caterpillar is the one
Speaker 1: that you want to keep your eye on. Of course,
Speaker 1: we look at the stock as a global proxy, as
Speaker 1: global bell Weather, especially when it comes to Chinese demand.
Speaker 1: By the way, I would separate it from the Nancy
Speaker 1: Pelosi story, but this really is a story of of investing,
Speaker 1: of growth, and specifically the property slowed down in the
Speaker 1: United States, c A excuse me, in China and c
Speaker 1: A T is your ticker down about four tenths of
Speaker 1: one per cent. And if you look at some of
Speaker 1: these numbers, Nathan, the revenue came in well, I want
Speaker 1: I don't want to say it was a massive miss,
Speaker 1: but it was a miss. At the end of the day,
Speaker 1: the second quarter revenue fourteen point to five billion relative
Speaker 1: to fourteen point three seven billion. They are citing favorable
Speaker 1: price realization to higher sales volume. But that's pretty much it.
Speaker 1: I'm gonna quickly hit Pinterest here named bear with me.
Speaker 1: P I n s as your taker. Up about eighteen
Speaker 1: percent in the pre market and massive resilient result. Elliott
Speaker 1: Activists management also saying that they're now the largest shareholder
Speaker 1: of Pinterest shares. It seems to be helping, that's for sure.
Speaker 1: Thanks creedy as always. Bloomberg Radio and TV Markets correspondent
Speaker 1: Credy gooped stocks as a whole moving lower as we
Speaker 1: watch how speaker Nancy Pelosi is playing this morning. SMP
Speaker 1: futures down thirty two points, Stown futures down, Nanasect futures
Speaker 1: are lower by ten. Your treasury yield right now two
Speaker 1: point five four per cent. You're listening to Bloomberg Day right,
Speaker 1: Bloomberg eleven three oh weather, sunshine today, maybe a shower
Speaker 1: of thundershower going up to your ninety mostly sunny. You're
Speaker 1: ninety tomorrow, mid nineties sunny, hot, humid for Thursday right
Speaker 1: now seventy two in Central Park Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com
Speaker 1: Blo Bloomberg Business Out and at Bloomberg Quick Take, He's
Speaker 1: a Bloomberg business lash and I'm Cameron Moscow and futures
Speaker 1: are following this morning, we go to the first word
Speaker 1: breaking news dash for today's morning call. Here's Bill Maloney, Bill,
Speaker 1: good morning, Hey, good morning, Karen. That's right. US futures
Speaker 1: are in the red right now. Debt futures down two
Speaker 1: two points, has to be dropped thirty two. Well, Nastic
Speaker 1: futures are off by one three, the US ten year
Speaker 1: old at two point five four percent, gold is up three,
Speaker 1: oil is down, and bitcoin trading lower by one point
Speaker 1: five percent. Hong Kong dropped two point four percent overnight,
Speaker 1: while EUROPN markets are in the red, led by losses
Speaker 1: in Italy. Back in the US, on the economic front,
Speaker 1: at ten o'clock, the Jolt's job openings and after the
Speaker 1: bellas Night Pinchers reported shaws are up n in the
Speaker 1: pre market. Regarding some of the earnings this morning, Caterpillar
Speaker 1: was mixed and Leric cut its fiscally your net sales forecast.
Speaker 1: On the geopolitical front, FLOSI is expected to land in
Speaker 1: tai pay Atten twenty and a deal news this just
Speaker 1: hit TV Bank to buy Cowen for thirty nine dollars
Speaker 1: per share. Wrapping things up, Intel is because the cell
Speaker 1: over at easy Bank live from the first breaking news Tascomb,
Speaker 1: Bill Maloney, Karen, all right, Bill, thank you. Yeah, we're watching.
Speaker 1: Shares account up eight point four percent right now in
Speaker 1: the early trade and your live braaking news of your
Speaker 1: Bloomberg type squawk on your terminal. Ask you a w
Speaker 1: K that's in Bloomberg Business Flash. Now here's Michael Barr
Speaker 1: with more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. President Biden says that a US
Speaker 1: air strike killed al Qaida leader i'm In Alswaehira in
Speaker 1: the drone strike. The White House says that the al
Speaker 1: Qaida leader was essentially provided safe harbor in downtown Cowbol
Speaker 1: by senior leaders of the Televan network. How Speaker Nancy
Speaker 1: Pelosi continues through Asia trip and appeers she will make
Speaker 1: a controversial stop in Taiwan. China warns that it would
Speaker 1: never sit idly by if Pelosi goes through with his
Speaker 1: visit to Taiwan, which China claims as its own. In baseball,
Speaker 1: the Yankees beat the Mariners seven to the Mets beat
Speaker 1: the National seventh three. The Red Sox and Orioles were
Speaker 1: also winners. The Giants lost to the Dodgers. A too
Speaker 1: global news twenty four hours a day on here and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries, by
Speaker 1: Michael Barr, and this is Bloomberg. Cameron, all right, Michael,
Speaker 1: thank you at A sixty nine on Wall Street, and
Speaker 1: we turned to news and science and technology now at
Speaker 1: the Bloomberg n j I T STEM Report. It is
Speaker 1: brought to you by New Jersey Institute of Technology, ranked
Speaker 1: top fifty national public university by US News and World
Speaker 1: Report and top ten in the nation for engineering by
Speaker 1: money dot Com. Learn more at n j I T
Speaker 1: dot E d U now Here's just making news and science, technology, engineering,
Speaker 1: and math. President Biden is set to name top officials
Speaker 1: from the Federal Emergency Management Agency and the Centers for
Speaker 1: Disease Control and Prevention to serve as the White House
Speaker 1: coordinators to combat the growing Monkey Pok's outbreak. The White
Speaker 1: House said Biden will announce later today that he has
Speaker 1: tapped Robert Fenton as the White House Coordinator. Dr Dmitri
Speaker 1: Descalacus of the CDC will be named his deputy. A
Speaker 1: group of top scientists claim experts are ignoring the worst
Speaker 1: possible climate change catastrophic scenarios. Eleven scientists from around the world.
Speaker 1: They're calling the United Nations Intergovernmental Panel on Climate Change
Speaker 1: to do a special science report on catastrophic climate change
Speaker 1: to bring into focus how much is at stake in
Speaker 1: a worst case scenario and their perspective piece and the
Speaker 1: proceedings of the National Academy of Sciences. They raised the
Speaker 1: idea of human extinction and worldwide societal collapse, calling it
Speaker 1: a dangerously under explored topic. Last week's fifty two billion
Speaker 1: dollar aid package for US chipmakers included a significant provision.
Speaker 1: Companies that received the funding have to promise not to
Speaker 1: increase their production of advanced chips in China. The curbial
Speaker 1: hit companies such as Intel and Taiwan Semiconductor. That's a
Speaker 1: Bloomberg j I t Stem report, Nathan, Thank you, Karen.
Speaker 1: We are live from the Bloomberg Interactive Broker's studios where
Speaker 1: it's just about six fifty one on Wall Street Time
Speaker 1: now to check what's going on in d C. Some
Speaker 1: of the top stories in our nation's capital include President
Speaker 1: Biden hailing a drone strike that killed an architect of
Speaker 1: nine eleven, Speaker Pelosi poise to visit Taiwan as China
Speaker 1: threatens military action, and Cinemas silent on Mansions deal keeps
Speaker 1: everyone in Washington guessing let's bring back Bloomberg. Washington correspondent
Speaker 1: Joe Matthew hosted Bloomberg Radio Sound on Joe. The big
Speaker 1: news last night from President Biden. I'm an Olswahi, the
Speaker 1: leader of all Kainda is off the terrorist battlefield. Yeah,
Speaker 1: big moment, in a big win for the administration that
Speaker 1: argued for this idea of over the horizon missions like
Speaker 1: we saw here drone strikes essentially attacks from outside of
Speaker 1: the country in terms of counter terrorism. There were a
Speaker 1: lot of doubts following our withdrawal from Afghanistan that these
Speaker 1: would work, and of course we had a real botched
Speaker 1: attempt at one of them about a year ago, when
Speaker 1: ten civilians were killed after we dropped a drone strike
Speaker 1: on what we thought was a terrorist moving through Afghanistan.
Speaker 1: And this particular case, we're not only talking about one
Speaker 1: of the architects of not eleven, but even the USS
Speaker 1: coal bombing h a year earlier, and someone who had
Speaker 1: been sought for years and years. Joe Biden managed to
Speaker 1: stand up in front of the nation last night from
Speaker 1: the Blue Room balcony, isolating with COVID, his rebound case
Speaker 1: of COVID, to announce the kill. It's considered a big
Speaker 1: win for the White House and for the US. Frankly,
Speaker 1: how was the US able to pull off this win,
Speaker 1: given that, as you say, there are no longer boots
Speaker 1: on the ground and every it's a great question. Look,
Speaker 1: we could have received information from someone on the ground.
Speaker 1: There could be covert operations there, obviously we don't know about,
Speaker 1: or they wouldn't be covert. But as far as we understand,
Speaker 1: we do not have uh. The intelligence community does not
Speaker 1: have a presence on the ground. And of course we
Speaker 1: know that there are no military boots on the ground.
Speaker 1: It's entirely possible this came from high above. We've got
Speaker 1: satellites over that country, we've got drones over that country,
Speaker 1: and we know that they were pursuing this individual. They
Speaker 1: found him in a safe house, uh. And they even
Speaker 1: constructed a model of the house Nathan and presented it
Speaker 1: to the president last month in July. That's when he
Speaker 1: green lit this operation, and only days later, when he
Speaker 1: stepped out onto the balcony, the drone strike hit him.
Speaker 1: It seems as this as if this triumphant moment for
Speaker 1: the US is being overshadowed by the tensions between the
Speaker 1: US and China, with Speaker Pelosi expected within hours to
Speaker 1: visit Taiwan. Where are we going here in terms of
Speaker 1: the U S China relationship. Joe Well, the White House says,
Speaker 1: we're not going anywhere. Nothing's changed. That was the refrain
Speaker 1: from John Kirby yesterday in the briefing room and in
Speaker 1: an interview with Bloomberg News. No change to our stand
Speaker 1: on the One China policy. And there is precedent, as
Speaker 1: he made clear, for this trip, having seen Speakers of
Speaker 1: the House. God, it's been a while since New Gingwich went,
Speaker 1: but we've seen Codell's, these congressional delegations that travel UH
Speaker 1: to Taiwan repeatedly. This is this is nothing new. The timing, though,
Speaker 1: is curious, as of course President she seeks a third term,
Speaker 1: and there does seem to be this feel in China
Speaker 1: that the US is backing away from the One China
Speaker 1: policy with a trip like this. Look, the White House
Speaker 1: did not confirm that she's going. These are still technically reports,
Speaker 1: even though we are expecting her to touch down. Questions
Speaker 1: about what will happen when she gets there. She'll have
Speaker 1: a military escort, but unclear exactly how visible UH this
Speaker 1: trip will be, how visible her activities will be, Particularly
Speaker 1: if she's going to be touching down here shortly, we
Speaker 1: might have to wait until after the fact to see images. Nathan.
Speaker 1: But even if the speaker word to back down, I mean,
Speaker 1: it's it would be a difficult proposition at this point
Speaker 1: for her to call off this trip, given that she's
Speaker 1: signaled at least that this is happening, right, I mean,
Speaker 1: she's got bipartisan support for making this trip. I think
Speaker 1: that's true. In fact, the Republicans, until just a couple
Speaker 1: of days ago, were the ones saying, go ahead, it's
Speaker 1: an ally, what's the problem. It was the White House
Speaker 1: that was concerned. Of course, the President said publicly that
Speaker 1: the U. S. Military had issues, had concerns about her going,
Speaker 1: didn't want it to go right now, and that's why
Speaker 1: we knew there was a little bit of friction here.
Speaker 1: We have to remember this trip was actually scheduled originally
Speaker 1: back in April, and Nathan nobody was talking about it.
Speaker 1: This was not a major controversy. Granted, she didn't get
Speaker 1: as close as she is right now, but when Nancy
Speaker 1: Pelosi came down with COVID, that's why they postponed the trip.
Speaker 1: It's only since, uh, the last couple of weeks of
Speaker 1: talk and rhetoric that this has become such a controversy
Speaker 1: in our last minute here, Joe, what's going on with
Speaker 1: the UH Inflation Reduction Act? The Joe Mansion Chuck Schumer
Speaker 1: to check it. Tell you, well, first of all, we
Speaker 1: don't know where Kirsten Cinema is, and I think you
Speaker 1: were wise to point out her name in the outset
Speaker 1: of this conversation. I don't know how many more days
Speaker 1: we can go on without knowing here, but I guess
Speaker 1: you know Cinema is probably waiting for the bird bath
Speaker 1: to finish the Senate Parliamentary and is still scrubbing the
Speaker 1: text of this bill to make sure that it all
Speaker 1: qualifies for what we call a reconciliation bill. It's got
Speaker 1: to be a budget related matter, and so Republicans are
Speaker 1: trying to kick out portions of this, much like they
Speaker 1: did with Build Back Better beginning with the Prescription Drug
Speaker 1: Plan UH that was set to lower prices, allowing the
Speaker 1: government to negotiate lower prices with pharmaceutical companies. Is that
Speaker 1: a budget matter? It's going to depend on how exactly
Speaker 1: the parliamentarian looks at this. Joe Mansion and Chuck Schumer
Speaker 1: say they were very careful in writing the language so
Speaker 1: this would pass the test well, while we're waiting for
Speaker 1: me for Cinema to come down on this, I mean,
Speaker 1: what kind of incoming is she getting. I mean, she's
Speaker 1: got to be getting lobbied on all sides to go
Speaker 1: one way or the other. Right, absolutely, not just lobbyists
Speaker 1: trying to pull her in one direction or the other,
Speaker 1: not just her colleagues in the Senate from both sides
Speaker 1: of the aisle who feel comfortable reaching out, but also media.
Speaker 1: You know, when senators come back today, they're gonna be
Speaker 1: core reporters will be crawling the halls looking for her.
Speaker 1: And it's probably, uh, at some point here in the
Speaker 1: next week gonna have to emerge where exactly Kirston Cinema is.
Speaker 1: But she does have an opportunity to say, look, I
Speaker 1: haven't seen the bill. I'm waiting for the parliamentarian to rule.
Speaker 1: I'll let you know when I have a chance to
Speaker 1: read the seven dred and twenty five pages. And that
Speaker 1: could take the rest of this week. But we'll see
Speaker 1: what you get. As you joined the press corps and
Speaker 1: hound Kirston Cinema today, Joe and Washington appreciate that. Joe
Speaker 1: Matthew are Washington correspondent, host of sound on catch at
Speaker 1: weekdays five pm Eastern on Bloomberg Radio and get more
Speaker 1: on all these stories. Bloomberg dot Com and the Bloomberg Terminal.
Speaker 1: SMP future is now down thirty two points. Stown futures
Speaker 1: down two sixteen. MAZDAC futures are lower by a hundred
Speaker 1: twenty five points. The tenure Treasury is up five thirty seconds,
Speaker 1: yield two point five five percent. Yield on the two
Speaker 1: year right now two point eight five percent. Looking at commodities,
Speaker 1: dimex crewed is down six tenths per cent, or fifty
Speaker 1: seven cents two A barrel comes gold up about a
Speaker 1: tenth percent. Two bucks seventy gets you an ounce of
Speaker 1: gold on the comex Euro one point zero two to
Speaker 1: eight against the dollar. Bloomberg Surveillance is next. For Karen Moscow.
Speaker 1: I'm Nathan Hagar, and this is Bloomberg