Speaker 1: From the Bloomberg Interactive Berger Studios. Is is is Bloomberg Day
Speaker 1: Right for Wednesday, November sixty two coming up this hour.
Speaker 1: Panic eases as doubts surface of a whether Russia fired
Speaker 1: a rocket into Poland Donald Trump makes it official, announcing
Speaker 1: your run for president again. Wall Street holds tight for
Speaker 1: fresh data on retail sales and inflation in the UK
Speaker 1: hits a fresh forty one year high. It's going to
Speaker 1: cost more for word cab rode in New York Plus
Speaker 1: and left off a part of this one. NASA begins
Speaker 1: its quest to return to the Moon. I'm Michael Barr
Speaker 1: or ahead, I'm John Stashow and sports a road win
Speaker 1: for the Days, a road loss for the Nets, the
Speaker 1: Devils stay hot, and a free agent is staying with
Speaker 1: the Yankees. That's all Train ahead on Bloomberg day Break
Speaker 1: on Bloomberg e Living Free on New York, Bloomberg N one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and Francisco Syrius Exam one nineteen and around the
Speaker 1: world on Bloomberg Radio dot Com and via the Bloomberg
Speaker 1: Business Side Man. Good morning, I'm Nathan Hacker and I'm
Speaker 1: Karen Moscow, U West dot in Next Future is on
Speaker 1: the rise this morning. We're coming up to five o
Speaker 1: one on Wall Street, and we checked the markets every
Speaker 1: fifteen minutes throughout the trading day. On bloomberg SMP Future
Speaker 1: is up eight and a half points, Dow Future is
Speaker 1: of seventy two Nasdack Future is up twenty one. The
Speaker 1: decks in Germany's down seven tenths of a percent ten.
Speaker 1: Your treasury down eight thirty seconds. The yield three point
Speaker 1: seven nine percent. They yield on the two year four
Speaker 1: point three six percent. Niemex screwed oil is up three
Speaker 1: tens percent or twenty seven cents at eighty seven dollars,
Speaker 1: seventeen cents of barrel COMEX gold up half percent or
Speaker 1: nine dollars ten cents at seventeen eighty five ninety announced
Speaker 1: and the euro one point oh four one six against
Speaker 1: the dollar. Nathan, Thanks Karen. We begin this morning with
Speaker 1: the latest on the rocket strike that killed two people
Speaker 1: in Poland, just over the border from Ukraine. Some leaders
Speaker 1: initially suggested Russia was behind the attack, but President Biden
Speaker 1: is urging caution. There is plumbing information that contests that
Speaker 1: I don't want to say that until we completely investigate.
Speaker 1: But it's unlikely in the minds of the Tree decord
Speaker 1: that it was fired from Russian. But well, we'll see.
Speaker 1: President Biden spoke from the G twenty summit in Bali, Indonesia.
Speaker 1: Bloombergs Rosaland Matheson is there and has more on the situation.
Speaker 1: It seems that there are doubts growing that in fact
Speaker 1: it was even potentially a rocket that was fired by
Speaker 1: Russia from Russia. Um, and of course there are questions
Speaker 1: about whether it was in fact it's something that might
Speaker 1: have been deflected by Ukrainian anti missile defenses or indeed,
Speaker 1: if it was from Russia, perhaps it was a misfar
Speaker 1: and unintentional. Either way, the message very clearly coming from
Speaker 1: leaders here, be they from Europe, the US, or the
Speaker 1: Turkish president Urduwan a short time ago, is that they
Speaker 1: don't think this needs to sort of escalate tensions directly
Speaker 1: with Russia. Bloomberg's Rons Matheson reports President Biden is pledging
Speaker 1: his full support for Poland's investor stigation into the rocket strike.
Speaker 1: Well Nathan, NATO ambassadors are meeting in Brussels for emergency
Speaker 1: talks away their response, Former Defense Secretary Mark Asper is
Speaker 1: making the case for bolstering Ukraine's air defenses. Think about
Speaker 1: how far this Russian missile would have had to travel
Speaker 1: across Ukraine to pass into the Polish border. The renumerous
Speaker 1: officers to shoot this thing down, and so I think
Speaker 1: we it's a call to accelerate the provision of air
Speaker 1: defenses to Ukraine as well. And former Defense Secretary Mark
Speaker 1: Esper spoke with our Washington correspondent Joe Matthew late yesterday
Speaker 1: on Bloomberg sound On. Catch the show weekdays at five
Speaker 1: pm Eastern on Bloomberg Radio. All right, let's turn to
Speaker 1: politics back home in the US, Karen, because a familiar
Speaker 1: name is front and center this morning, Former President Donald
Speaker 1: Trump has officially entered the four race for the White House.
Speaker 1: Amy Morris has the latest from our Bloomberg newsroom in Washington.
Speaker 1: His campaign filed the paperwork just minutes before Donald Trump
Speaker 1: announced his candidacy and a third run for the White House.
Speaker 1: My fellow citizens, America's comeback starts right now. Trump made
Speaker 1: the announcement as many Republicans are moving away from him,
Speaker 1: many in the party asking him to wait until after
Speaker 1: the Senate race is settled in Georgia. As many Trump
Speaker 1: endorsed candidates in the mid terms were rejected by voters.
Speaker 1: Trump claimed America will decline unless he's reelected. This will
Speaker 1: not be my campaign, this will be our campaign altogether.
Speaker 1: While Trump may have wanted to freeze out other Republicans
Speaker 1: eyeing a presidential run, Republican strategists belief potential challengers are
Speaker 1: now emboldened. In Washington, I'm Amy Moore as Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you. Let's turn to the economy now,
Speaker 1: where we get a key reading on retail sales. This
Speaker 1: morning forecast call for a gain of one percent in October,
Speaker 1: and Bloomberg Economics corresponded. Michael McKee has more the headline
Speaker 1: change in retail sales for October is likely to be misleading.
Speaker 1: Gasoline prices were up, adding to sales, and many in
Speaker 1: Florida were replacing hurricane damaged cars. It's core retail sales
Speaker 1: excluding gas, cars and building materials that will matter, and
Speaker 1: their economists are anticipating a slowdown. Gains at department stores,
Speaker 1: food stores, and general merchandise stores will be boosted by
Speaker 1: inflation rather than increased purchases. Red Book Research reported a
Speaker 1: soft weekly sales index, and the New York Fed reports
Speaker 1: Americans are turning from savings to credit cards to keep spending,
Speaker 1: which is likely unsustainable. Michael McKee, Bloomberg Daybreak. All right, Mike,
Speaker 1: thanks that retail sales report will be one of many.
Speaker 1: The FED watches. FED Vice Chair for Supervision Michael bar
Speaker 1: cautions the economy will surely take a hit as the
Speaker 1: central bank confronts high inflation. Inflation right now is far
Speaker 1: too high. I think that it's the case that we're
Speaker 1: going to see significant softening in the economy. FED Vice
Speaker 1: Chair for Supervision Michael Barr made those comments to the
Speaker 1: Senate Banking Committee in Washington. Meantime, across the Pond, Nathan,
Speaker 1: inflation is also in focus. Prices in the UK have
Speaker 1: now hit a forty one year high, and we get
Speaker 1: the details from Bloomberry's Lizzie Burden in London has been
Speaker 1: driven by gas and electricity prices. That is the biggest contributor,
Speaker 1: despite the government's support. But it's also food that's the
Speaker 1: second biggest contribution, also housing and household services. And our
Speaker 1: economists at Bloomberg Economics say the Bank of England isn't
Speaker 1: likely to take its foot off the break in terms
Speaker 1: of interest rate rises until services inflation drops back towards
Speaker 1: its long term average. Bloomberg Slizzy Burden reports the UK's
Speaker 1: consumer prices index for October rose at an annual rate
Speaker 1: of eleven point one per cent. Let's turn back to
Speaker 1: the U S and some corporate news this morning. Karen
Speaker 1: Elon Musk is in the spotlight again. The Washington Post
Speaker 1: is reporting the Musk told Twitter employees they must either
Speaker 1: commit to a new quote hardcore Twitter, or they should
Speaker 1: leave the company. The paper says employees have to click
Speaker 1: a link to confirm commitment to the new Twitter by tomorrow.
Speaker 1: If they don't, they'll receive three months of severance pay.
Speaker 1: And now the latest on the collapse of ft X.
Speaker 1: Nathan Bloomberg News has learned authorities in the US and
Speaker 1: the Bahamas are discussing possibly bring Sam Bankman free to
Speaker 1: the US for questioning. Sources say the conversations between officials
Speaker 1: and the two countries have intensified in recent days as
Speaker 1: they probe his role in the implosion of cryptocurrency firm
Speaker 1: f t X. Straight Ahead your latest local headlines plus
Speaker 1: a check of sports, and this is Bloomberg, all right, thanks,
Speaker 1: paren It's five oh seven on Wall Street. Word forty
Speaker 1: three degrees in Central Park looking for sunshine and low
Speaker 1: fifties for highs today. I gotta crash on the southbound
Speaker 1: New England thru Way in your exit six. Team will
Speaker 1: tell you more in traffic First, Michael Barr is here
Speaker 1: with what else is going on in New York and
Speaker 1: around the world the morning. Michael, Good morning Nathan. Once
Speaker 1: you hail a taxi, it's going to cost more. New
Speaker 1: York City cab writers will see a twenty three percent
Speaker 1: increase in metered fairs. It's the first hike since twenty
Speaker 1: twelve following a vote from the city's Taxi and Limousine Commission.
Speaker 1: The TLC also says passengers will also face an increase
Speaker 1: in rush hour and overnight search ard is and airport
Speaker 1: flat rates. The increases will also affect per mile and
Speaker 1: permanent rates for Uber and Lift, and are expected to
Speaker 1: go into effect before year end. The battle for Republican
Speaker 1: leadership in the next session continues, Bloomberg said. Baxter reports
Speaker 1: Senator Rick Scott has told fellow GOP senators he will
Speaker 1: challenge Senate Minority leader Mitch McConnell to be leader of
Speaker 1: the Party in the Chamber next year, and he immediately
Speaker 1: made the death limit his keystone issue for the moment,
Speaker 1: saying it can't be done until Democrats agree to federal
Speaker 1: spending cuts. McConnell says he has the votes to remain
Speaker 1: Senate GOP leader. Meanwhile, Kevin McCarthy is one preliminary support
Speaker 1: of the GOP two be House speaker. He will need
Speaker 1: to get a majority of the votes in the House
Speaker 1: to be elected in the new term. In San Francisco,
Speaker 1: I'm at Baxter Bloomberg Gay Break, Environmental activists and public
Speaker 1: officials rallied in front of New York Governor Kenthy Oakele's
Speaker 1: Manhattan office, calling for her to sign a bill that
Speaker 1: would institute a two year state man on some cryptocurrency
Speaker 1: mining facilities. The bill, approved by the State Senate in June,
Speaker 1: would trigger a two year moratorium on new permits for
Speaker 1: crypto plants that are powered by fossil fuels. If Hocal
Speaker 1: signs the measure, it would become one of the most
Speaker 1: restrictive laws in the US regulating the practice. The US
Speaker 1: is heading back to the Moon. NASA launched its first
Speaker 1: Artemus rocket overnight from Cape Canaveral, Florida, and lift off
Speaker 1: of Artemus one, we rise together back to the boon
Speaker 1: and beyond. The unmanned, multibillion dollar rocket mission will go
Speaker 1: around the Moon and back. If successful, it will eventually
Speaker 1: return astronauts to the Moon for the first time since
Speaker 1: Apolo ended. In n 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 more than a
Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg, Nathan.
Speaker 1: Thank you, Michael, almost five cent on all Street time
Speaker 1: for the Bloomberg Sports out Day, brought to you by
Speaker 1: Try State out Here. Good morning, John Stshow, Good morning,
Speaker 1: Nathan Nixon. Nets are both out West. I win for
Speaker 1: the next as they began a challenging five game trip.
Speaker 1: They beat Utah one eighteen one eleven Jalen Brunson twenty
Speaker 1: five points with eight assists. The Knicks rebound from that
Speaker 1: horrific defensive outing and I lost this past Sunday. Speaking
Speaker 1: of horrific defense, most points the Nets have ever allowed,
Speaker 1: Sacramento shot the Kings won one fifty three to one one.
Speaker 1: The King's Terrence Davis, who came in averaging six points
Speaker 1: a game, scored thirty one make it ten straight wins
Speaker 1: for the Devil's two goals for jack Us and at
Speaker 1: five one win at Montreal St. John's now three and
Speaker 1: seventy four home win over Central Connecticut. Big double header
Speaker 1: in Indianapolis, Kansas beat Duke after Michigan State upset Kentucky
Speaker 1: double overtime. Also colgate to the second Street year one
Speaker 1: at Syracuse. A Yankee free agent slugger staying with the team.
Speaker 1: It's not Aaron Judy, don't know yet about him, but
Speaker 1: Anthony Rizzo, who thirty two home run to the new
Speaker 1: two year deal forty million guarantee the Mets Bucks show
Speaker 1: Alter named National Legue Manager of the Year. Was a
Speaker 1: close vote, but he's now one manager of the year
Speaker 1: four times with four different teams. Former Giants grade Eli
Speaker 1: Manning on Bloomberg Radio yesterday to discussed his private equity group.
Speaker 1: He also waited on the surprising success of his former team.
Speaker 1: David Jones is playing great, State Kwon is running off,
Speaker 1: running hard, defense is playing well so and the most
Speaker 1: important thing they're finding ways to win close games. And
Speaker 1: they're find ways to close games out. And that's something
Speaker 1: we have they will do for a while. And and
Speaker 1: what that does it also this prepares me for late
Speaker 1: in the year. You're gonna have these close games. Can
Speaker 1: you win them? They're they're they're kind of tried and tested,
Speaker 1: and I think it's gonna be a good run. John.
Speaker 1: For seven and two, they had been in first place
Speaker 1: in six divisions in their division. They're one game bo
Speaker 1: John Stashewer, Bloomberg Sports. Nathan, all right, John, thank you
Speaker 1: right now. SMP features are hired by thirteen points, down
Speaker 1: features up a hundred six, nansat features on the rise
Speaker 1: by forty points, and the Tanger Treasury is down down
Speaker 1: six thirty seconds. The yield three point seven nine percent.
Speaker 1: You're listening to Bloomberg Gate. Bloomberg Sports was brought to
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Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot com, The Bloomberg Business Outland at Bloomberg Quick Take,
Speaker 1: this is a Bloomberg business lash, and I'm Karin Moscow.
Speaker 1: US stock index futures are rising as panic subsides that
Speaker 1: a rocket which struck inside the Polish border came from
Speaker 1: Russia and marked an escalation in the Ukrainian War. We
Speaker 1: checked the markets every fifteen minutes throughout the trading day
Speaker 1: on Bloomberg. Right now is in P futures of fifteen
Speaker 1: points down futures of d NASDACK futures of forty eight
Speaker 1: The decks in Germany's down half per cent. Can your
Speaker 1: treasury down six thirty seconds heal three point seven nine
Speaker 1: percent They yield on a two year four point three
Speaker 1: five percent. Nimex Screwed oil is up about a third
Speaker 1: per cent, or thirty two cents at eighty seven dollars,
Speaker 1: twenty four cents of barrel comic scold up six tents
Speaker 1: percent or ten dollars eighty cents at seventeen eighty seven
Speaker 1: sixty announced the euro one point oh four and three
Speaker 1: six against the dollar. British found one point one zero
Speaker 1: and again one thirty nine point to five. And that's
Speaker 1: a Bloomberg business flash. Now Here's Michael Barr with more
Speaker 1: on what's going on around the world. Michael, good morning,
Speaker 1: Good morning Karen. President Biden and key European leaders are
Speaker 1: urgent caution after a rocket struck a Polish village just
Speaker 1: over the border from Ukraine, killing two people. However, there
Speaker 1: are doubts whether Russia was to blame, and Biden told
Speaker 1: allies in Ballet that the rocket may have been from
Speaker 1: Ukraine's defense. Will have more on that straight ahead. Former
Speaker 1: President Trump announced last night that he is formally launching
Speaker 1: his four bid for the White House. The US is
Speaker 1: heading back to the Moon for the first time in
Speaker 1: five decades. NASA successfully launched the Artemis mission overnight from Florida.
Speaker 1: In the NBA. Of the next one, the Nets lost
Speaker 1: to the Kings one fifty three one one. In the NHL,
Speaker 1: the Devils won their tenth straight The Capital's lost. Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quickdake, powered by more than twenty seven hundred journalists
Speaker 1: analysts more than a hundred twenty countries. Michael Barr and
Speaker 1: this is Bloomberg. Nathan Okay, Michael, Thanks, It's five nineteen
Speaker 1: on Wall Street Live. From the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg day Break. We want to get right
Speaker 1: over to Bloomberg News Executive editor for International Government, Rosalind mathieson.
Speaker 1: She's in Bali, Indonesia for the G twenty summit, but
Speaker 1: of course following the very latest developments on this rocket
Speaker 1: strike into Poland late yesterday, Roz, good morning. I want
Speaker 1: to get more on what Michael just mentioned that reportedly
Speaker 1: President Biden is telling allies that Ukrainian air defenses caused
Speaker 1: that explosion. What more are we hearing, Well, that's right.
Speaker 1: We actually had some indications of this earlier today. A
Speaker 1: number of hours after this rocket landed over the Ukrainian
Speaker 1: border into Poland, some some officials were starting to say, well,
Speaker 1: it's less clear cut than the idea that Russia deliberately
Speaker 1: fired this over the border and hit this Polidge, Polish village,
Speaker 1: and it was either probably an accident or it could
Speaker 1: have actually been that this was sort of the knock
Speaker 1: on effect of Ukrainian anti missile defenses. There were obviously
Speaker 1: mobilized heavily yesterday because Russia unleashed a massive barrage of
Speaker 1: missiles across the entire country again taking out some very
Speaker 1: key infrastructure, particularly on the energy side, and so this
Speaker 1: seems to have been one of those terrible accidents that
Speaker 1: happened in conjunction with that. Of course, it does sort
Speaker 1: of leave things in a slightly awkward position because there
Speaker 1: was initially talk that Poland might sort of start to
Speaker 1: do article for under NATO, which is a really big
Speaker 1: NATO conversation about potential steps and so on. There obviously
Speaker 1: will really have to walk some of that back now
Speaker 1: that the narrative is that in any case, and this
Speaker 1: is that really this would not have happened if Russia
Speaker 1: had not invaded Ukraine in the first place. Um. And
Speaker 1: this comes after, you know, when our nine months of
Speaker 1: borne out and relentless attacks UM from Russia on the
Speaker 1: missile side, and so at some point an accident like
Speaker 1: this possibly was was yet to happen. Um. And so
Speaker 1: either way, it doesn't really change things in terms of
Speaker 1: the relationship between NATO states and Ukraine. They'll probably see
Speaker 1: this if it's proven to be an unfortunate accident. Well,
Speaker 1: where could the response go from here? Rise you mentioned
Speaker 1: the possibility of article for discussions. I think a lot
Speaker 1: of our listeners are familiar with Article five of the
Speaker 1: NATO Charter. It's been discussed many times, but what would
Speaker 1: an article for invocation in town. Well, all that really
Speaker 1: does is start a big process of discussion within NATO states.
Speaker 1: It means that one NATO member wants to have a
Speaker 1: proper dial with the rest of the of the nature
Speaker 1: universe about an issue that pertains particularly to their national security.
Speaker 1: And what it probably would look like is Poland saying
Speaker 1: that being on the periphery of both Ukraine and Russia
Speaker 1: for months now, watching this conflict and feeling very uneasy
Speaker 1: about it, that they would like to have a greater
Speaker 1: discussion with NATO about support from them in terms of
Speaker 1: greater military assets, perhaps inside Poland, troops on the ground
Speaker 1: and so on, but particularly better support in the air,
Speaker 1: monitoring and defense um and surveillance of things that might
Speaker 1: be close by, rockets and so on, and the ability
Speaker 1: to better defend themselves from an air perspective. So they
Speaker 1: are either way, we would probably like to have that conversation,
Speaker 1: and whatever cause this incident, it certainly could be a
Speaker 1: springing board for them to do so. Um And it's
Speaker 1: not just Poland, really, it's other states that are very
Speaker 1: very close to either Ukraine or Russia. That's saying that
Speaker 1: they simply need better attention from NATO as a home
Speaker 1: as a whole when it comes to their air defense.
Speaker 1: Could this lead to changes in a NATO's pasture when
Speaker 1: it comes to support for Ukraine. We spoke with former
Speaker 1: Defense Secretary Mark Esper as the details of this incident
Speaker 1: were unfolding. He was making the case that this should
Speaker 1: lead NATO and its allies to bolster Ukraine's air defenses
Speaker 1: even further. Is that something that's being discussed. Well, you
Speaker 1: can say that NATO states have been very, very reluctant
Speaker 1: to do anything that they that they worry would bring
Speaker 1: them into direct confrontation, direct conflict with Russia throughout this
Speaker 1: war so far, and that's why they've been reluctant to
Speaker 1: send in certain kinds of very long range missile systems
Speaker 1: or very modern fighter jets. And while even though Ukraine
Speaker 1: has asked repeatedly for a possible air defense zone over
Speaker 1: at least part of its airspace, NATO has always said no,
Speaker 1: because that really means you've got NATO fighter deets policing
Speaker 1: ukraine air space and coming into direct confrontation potentially with
Speaker 1: Russian of jets. So you can imagine that despite this incident,
Speaker 1: there's going to be a high reluctance still to actually
Speaker 1: enact any kind of air zone over Ukraine might facilitate
Speaker 1: the faster delivery of certain kinds of anti missile systems
Speaker 1: from Europe or NATO as a whole yest. Definitely, that
Speaker 1: conversation has already been happening. NOATO is unlikely to get
Speaker 1: the kind of weapons they really really want, the ultramodern ones,
Speaker 1: but at least it could mean that they get faster
Speaker 1: delivery of some of the existing systems that they've got.
Speaker 1: Thanks for this, Ros will be checking back in with
Speaker 1: you as we learn more about this incident, as the
Speaker 1: war in Ukraine continues to unfold, and the G twenty
Speaker 1: summit in Bali. Bloomberg News Executive editor for International Government,
Speaker 1: Rosalind Mathison joining us live this morning from Indonesia. Looking
Speaker 1: ahead to the market open, SMP futures are higher by
Speaker 1: fourteen points, STAFLE futures up a hundred four, and NASA
Speaker 1: futures are higher by forty one p ten. Your treasury
Speaker 1: is now down five thirty seconds, the yield three point.
Speaker 1: You're done the two year four point three five. This
Speaker 1: is Bloomberg Bloomberg Daybreak, brought to you by Peapack Private
Speaker 1: Wealth Management. Peapack Private Wealth Management knows that the portfolio
Speaker 1: is more than a collection of assets. It's a path
Speaker 1: to your future. Visit Peapack Private dot com and begin
Speaker 1: your financial legacy today. Broadcasting live from the Bloomberg Interactive
Speaker 1: Broker's studio in New York. Bloomberg E looking for you
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Speaker 1: This is Bloomberg Daybreak and it's five thirty on Wall Street.
Speaker 1: Good morning. I'm Karen Moscow and I'm Nathan Hager. Bloomberg
Speaker 1: Daybreak is brought to you by SEI. Asset managers don't
Speaker 1: get results that are off the charts when their solutions
Speaker 1: are off the shelf. Learned how SEI is operating platform
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Speaker 1: I C dot Com slash Tech and we are just
Speaker 1: about four hours away from the open of US trading.
Speaker 1: Let's get you have to date on the news you
Speaker 1: need to know at this hour. We begin with the
Speaker 1: rocket strike that killed two people in Poland, just over
Speaker 1: the border from Ukraine. World leaders are trying to determine
Speaker 1: if Russia attack NATO territory. However, President Biden says at
Speaker 1: the G twenty summit it's unlikely the missile was fired
Speaker 1: from Russia. Were aregreed to support Polands investigation into the
Speaker 1: explosion in rural Poland near the Ukrainian border, and I'm
Speaker 1: going to make sure we figure out exactly what happened.
Speaker 1: Sources say President Biden is telling lies the blast was
Speaker 1: caused by Ukraine air defense systems. Well. Speaking last night, Karen,
Speaker 1: Ukraine's President vladimir's Lensky called the strike an escalation hitting
Speaker 1: missiles on NATO territory. This is a Russian missile attack
Speaker 1: on collective security. This is a very significant Scallatia. Ukrainian
Speaker 1: President vladimir's Lensky also called for an end to the
Speaker 1: war in an address to G twenty leaders. There's still
Speaker 1: no confirmation on the exact source of the blast. NATO
Speaker 1: ambassadors are meeting in Brussels for emergency talks. Former Defense
Speaker 1: Secretary Mark Esper is preaching caution. My suspicion is that
Speaker 1: this was an accidental firing caused by either poor targeting
Speaker 1: or a malfunctioned by one of the Russian missiles. We
Speaker 1: need to go through a deliberate process, investigated out, and
Speaker 1: come to the facts. Former Defense Secretary Mark Esper spoke
Speaker 1: with our Washington correspondent Joe Matthew on Bloomberg Sound On.
Speaker 1: Catch the show weekdays at five pm Eastern on Bloomberg Radio.
Speaker 1: Back here in the US politics, this front and center,
Speaker 1: with a familiar name taking the spotlight. Former President Donald
Speaker 1: Trump has made an announcement many already knew was coming.
Speaker 1: In order to make America graded glorious again, I am
Speaker 1: tonight announcing my candidacy for president of the United States.
Speaker 1: Former President Trump was without several key al ees during
Speaker 1: the announcement, including his daughter Ivanka Trump. We should mention
Speaker 1: President Biden spoke with allies last night saying that that
Speaker 1: blast was caused by Ukraine's air defense systems in Poland.
Speaker 1: Now we want to turn to the economy. In the
Speaker 1: latest US retail sales figures, they're coming out this morning.
Speaker 1: Forecast call for a gain of one percent in October
Speaker 1: and overseas, it's all about inflation. The UK's consumer price
Speaker 1: index for October rose at an annual rate of eleven
Speaker 1: point one percent. That makes a fresh forty one year
Speaker 1: high for inflation in the United Kingdom. Straight ahead, we
Speaker 1: have your latest local headlines and a check of sports.
Speaker 1: You're listening to Bloomberg Daybreak. It's now five thirty three
Speaker 1: on Wall Street, forty two degrees in Central Park. Michael
Speaker 1: Bars here with what's going on in New York and
Speaker 1: around the world. Michael, thank you very much. Nathan. It's
Speaker 1: going to cost more for New York City cab ride.
Speaker 1: The City's Taxi and Limousine Commission voted to increase fares
Speaker 1: by the t l C says passengers will also face
Speaker 1: an increase in rush hour and night surcharges and airport
Speaker 1: flat rates. Drivers sought higher fares amid inflation and labor scarcity.
Speaker 1: Senator Rick Scott will challenge Mitch McConnell for the Chamber's
Speaker 1: top Republican leadership post during a closed door meeting today. Meanwhile,
Speaker 1: rules will change now that House Minority Leader Kevin McCarthy
Speaker 1: is poised to become the next House speaker. McCarthy spoke
Speaker 1: at a news conference last night alongside other incoming members
Speaker 1: of the GOP leadership team. The one thing you'll learn
Speaker 1: is as my opportunity to be speakers, the House is
Speaker 1: going to change. No longer is all the power gonna
Speaker 1: arrest the way Nancy had it um no more proxy voting.
Speaker 1: Steve Scalize will likely be Majority leader and Congresswoman at Leastafonik,
Speaker 1: who took Liz Cheney's job as the GOP conference chair
Speaker 1: last year, was elected to a second term in that position.
Speaker 1: Stafonic said the GOP did quite well in her state.
Speaker 1: I particularly am proud being from the state of New York.
Speaker 1: We picked up four seats in New York State, flipping
Speaker 1: blue districts to red, and we will have a tremendous
Speaker 1: Republican conference in Congress. Congresswoman Staphonic, Donald Trump's longtime finance
Speaker 1: chief is still collecting a hefty salary from the Trump organization,
Speaker 1: even as the prosecution star witness in a criminal tax
Speaker 1: fraud trial. Alan Weisselberg testified yesterday and that until recently
Speaker 1: he was working as a senior advisor for the company
Speaker 1: and is now on a paid leave of absence. NASA's
Speaker 1: new Moon rocket has blasted off with three test dummies
Speaker 1: aboard overnight from Cape Canaveral. These watchers were in all
Speaker 1: it was really bright like it looked like the sun
Speaker 1: was rising, sounded like an earthquake was going on. The
Speaker 1: Florida launch brings the US a big step closer to
Speaker 1: putting astronauts back on the Moon for the first time
Speaker 1: in fifty years. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quickdake, powered by more than
Speaker 1: seven hundred journalists and analysts more than a hundred twenty countries. Michael,
Speaker 1: this is Bloomberg Nick. Thanks Michael on Wall Street Time
Speaker 1: for the Bloomberg Sports update front by tri State Out.
Speaker 1: Here's Sean Thanks Day and the Knicks hit the road.
Speaker 1: Didn't play well their last dame with the Guard. They
Speaker 1: gave up a hundred and forty five points in a
Speaker 1: loss to Oklahoma City, but they began the five game
Speaker 1: trip with a win at Utah one eighteen one eleven.
Speaker 1: Jalen Brunson scored twenty five points. Cam Reddish pitched in
Speaker 1: with nineteen knicks for now seven and seven. They played
Speaker 1: tonight in Denver. The Nets lost in Sacramento one fifty
Speaker 1: three to one. One. That's the most points the Nets
Speaker 1: have ever allowed. Hottest team and hockey. The Devil's made
Speaker 1: it ten straight wins of five one victory in Montreal
Speaker 1: College of St. John's one, Kansas beat two at the
Speaker 1: first lost for Duke's new coach, John Shire. Michigan State
Speaker 1: upset Kentucky in double over time. Anthony Rizzo staying with
Speaker 1: the Yankees new two year deal forty million guaranteed. Rizzo
Speaker 1: just hit thirty two home runs. His average was just
Speaker 1: to four. That could go up next year now that
Speaker 1: shifting has been band. Rizzo very close friends with Aaron Judge,
Speaker 1: Yanks talking contract with him. Owner house Steinbrenner said he
Speaker 1: recently met with Judge one on one Buck Show. Walters
Speaker 1: first Manager of the Year award was with the Yankees
Speaker 1: in four that was the strike year. He then won
Speaker 1: it with Texas and Baltimore, and now the NL award
Speaker 1: with the Mess. It was a close vote, but four
Speaker 1: Manager of the Year awards ties the all time record.
Speaker 1: He shares that now with Bobby Cops and Tony Louisa
Speaker 1: Cleveland's Terry Francona won in the A L for the
Speaker 1: third time to cy Young Awards. Throughout the day, A
Speaker 1: new stadium is gonna be built New York City at
Speaker 1: twenty five thousand Saints Soccer Stadium near City Field and
Speaker 1: Queens is part of a waterfront project. Will be used
Speaker 1: by the MLS team n y c FC that currently
Speaker 1: plays at Yankee Stadium. They'll put up a lot of
Speaker 1: the money. Expected to be ready in seven. Stashar Bloomberg
Speaker 1: Sports all Right, John Nelson News on Life After Sports.
Speaker 1: Former Giants quarterback Eli Manning is expanding his post football career.
Speaker 1: He signed on with a private equity firm called brand Velaca.
Speaker 1: The group that's in addition to his widely popular Manning
Speaker 1: cast with brother Peyton on ESPN Monday Night Football. Eli
Speaker 1: man He talked about it all with Bloomberg's Matt Miller
Speaker 1: and Paul Sweeney, sitting on my couchs watching football, making
Speaker 1: fun of my brother, Like that sounds like a good job,
Speaker 1: and you know I pay me fourth Like yeah, I mean,
Speaker 1: I know I went to Old Miss, but I know
Speaker 1: a good deal what I see one. And so that
Speaker 1: was the idea and really you know, just saying, hey,
Speaker 1: what would it be like if Peyton and I were
Speaker 1: in your living room watching the game? How would we
Speaker 1: watch it? You know, we're not going to talk about
Speaker 1: the first intent run for two yards and tell you
Speaker 1: where the running back went to college, Like, we don't
Speaker 1: know that answer. We don't know where he went to college,
Speaker 1: and you probably don't care either. So let's bring in
Speaker 1: some guests having fun. We'll talk some x x's and knows.
Speaker 1: Tell you what's going through the quarterbacks mind right now?
Speaker 1: What you know, how should they handle this situation? Have
Speaker 1: Peyton calls sixty seven time outs? You know when dinner
Speaker 1: needs to call a time out, and so you know,
Speaker 1: it's really just kind of having fun and in a
Speaker 1: different way to watch the game. Former Giants quarterback Eli
Speaker 1: Manning speaking there with Matt Miller and Paul Sweeney on
Speaker 1: Bloomberg Radio. Catch more from Mount and Paul weekdays at
Speaker 1: ten am Wall Street Time, and you can catch that
Speaker 1: full interview with Eli Manning this weekend on the Bloomberg
Speaker 1: Business of Sports podcast five thirty eight Now on Wall
Speaker 1: Street Time for the Trice State Business Report with Bloomberg
Speaker 1: Stone Doneager. The Manhattan Luxury market is still a healthy one,
Speaker 1: at least according to developers of a new boutique condo
Speaker 1: in the village. Dow Jones reports the building sold nearly
Speaker 1: all of its twenty eight units in a week and
Speaker 1: a half without any marketing involved, all of it through
Speaker 1: word of mouth. The average units sold for three and
Speaker 1: a half million dollars. The city's first major league soccer
Speaker 1: stadium will be built across from City Field. CBS two
Speaker 1: reports the twenty five thousand seat stadium will house the
Speaker 1: New York City Football Club. The seven hundred eighty million
Speaker 1: dollar project will include a hotel in new housing. The
Speaker 1: report says the soccer club will pay for the stadium,
Speaker 1: and a unit of a Singapore company has won two
Speaker 1: contracts from New Jersey transportation officials. One would design and
Speaker 1: operate tolling systems on the Garden State Parkway and the Turnpike.
Speaker 1: The second would do the same on the Atlantic City Expressway.
Speaker 1: That one would run twelve years. That's the Bloomberg Try
Speaker 1: State Business Report. I'm Joan Donneger. Thanks Joe. Now, let's
Speaker 1: check some of the tough stories heard on our three
Speaker 1: hundred Bloomberg affiliate radio stations around the world. I'm Steve
Speaker 1: hotas Go on K and X in Los Angeles. We're
Speaker 1: talking about how cage free egg demand is really crack
Speaker 1: in the market as consumers push for change. Um Cornie
Speaker 1: Donahoe on ktr H in Houston, and new study finds
Speaker 1: house prices can tumble as much as twenty percent as
Speaker 1: mortgage rate sword. I'm Jeff Bellinger and on w l
Speaker 1: W and Cincinnati. I'm reporting there's cause for some optimism
Speaker 1: about food inflation. In twenty three time. Joanes Doddeger telling
Speaker 1: w t a M listeners in Cleveland how one Ohio
Speaker 1: city and county planned to use pandemic aid to wipe
Speaker 1: out citizens. Medical deck. I'm Stephen Carl and bloomber d
Speaker 1: AB Digital Radio in London. We've from the poising on
Speaker 1: CPI in the UK hitting a forty one year high
Speaker 1: with prices rising eleven point one percent in October. Those
Speaker 1: are some of the stories our Bloomberg journalists and analysts
Speaker 1: are working on this morning around the world. Futures moving higher.
Speaker 1: You're listening to Bloomberg Day right. Bloomberg Sports is brought
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Speaker 1: front markets, headlines and breaking news twenty four hours a
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Speaker 1: Bloomberg Quicktake. He's a Bloomberg Business Flash and I'm Karin
Speaker 1: Moscow Future is on the rise this morning. We check
Speaker 1: the markets every fifteen minutes throughout the trading day on
Speaker 1: bloomberg s and Pefe Future is up about seven points down.
Speaker 1: Futures of fifty eight nasdack futures up thirteen the decks
Speaker 1: in Germany's down seven tenths of upper sent ten year
Speaker 1: treasury down four thirty seconds you three point seven eight percent.
Speaker 1: They yield on the two year four point three five percent.
Speaker 1: NIMEX Screwed oil is up to ten percent or seventeen
Speaker 1: cents at eighty seven dollars ten cents of barrel comes
Speaker 1: gold up half percent or nine dollar sixty cents at
Speaker 1: seventeen eighty six. Forty announced the Euro one point oh
Speaker 1: four to seven against the dollar, British pound one point
Speaker 1: one nine to five and the end one thirty nine
Speaker 1: point two nine and Bitcoin this morning down one percent
Speaker 1: at sixteen thousand, seven hundred dollars as a Bloomberg business flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. President
Speaker 1: Joe Biden told allies that the explosion that killed two
Speaker 1: people in Poland was caused by Ukrainian air defenses. However,
Speaker 1: according to two people familiar with the matter, according to
Speaker 1: what Biden said, it was ultimately sparked by the Russian
Speaker 1: missile barrage on Ukraine. Biden delivered the assessment during a
Speaker 1: conversation with NATO and Group of Seven allies in Indonesia.
Speaker 1: Former President Trump announced his candidacy for the White House
Speaker 1: in four Trump says President Biden and Democrats destroyed the
Speaker 1: economy and he will fix it. NASA launched its most
Speaker 1: powerful rocket in fifty years overnight, sending a capsule with
Speaker 1: test dummy skyward on a twenty five day mission to
Speaker 1: orbit the Moon and back in the NBA. The next one,
Speaker 1: the Nets lost NHL, the Devils won their tenth straight.
Speaker 1: Capitals lost global needs twenty four hours a day on
Speaker 1: air and on Bloomberg Quick Tank powered by more than
Speaker 1: twenty seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: Michael bar and this is Bloomberg. Nathan, Okay, Michael, thank you.
Speaker 1: It is coming up to nine on Wall Street Live
Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak Road.
Speaker 1: Really pleased to have Christina Hooper back with us on
Speaker 1: the show this morning, Chief Global market strategist at Investco, Christina,
Speaker 1: good morning. Looks like markets are breathing a little bit
Speaker 1: of a sigh of relief, with doubts building that at
Speaker 1: least this missile attack in Poland wasn't a deliberate strike.
Speaker 1: Is this something the markets can look past or does
Speaker 1: geopolitics need to be back in the calculus for investors. Well,
Speaker 1: geopolitics unfortunately does have an impact on markets, but only
Speaker 1: in the very short term. We saw that reaction yesterday.
Speaker 1: UM and quite often that is just the case that
Speaker 1: it's a short term blip UM, even if it is
Speaker 1: something that extends well beyond um just one day. Look
Speaker 1: for example, at Russia's war with Ukraine, it hasn't had
Speaker 1: a big impact on markets. One exception could be something
Speaker 1: like tariffs where there is where there tends to be
Speaker 1: a medium term effect on markets, especially Chinese stocks. I
Speaker 1: think we're we're hurt by by tariffs, But in general,
Speaker 1: geopolitics is not something for investors to be worried about,
Speaker 1: especially if they have a long time horizon. What does
Speaker 1: feed into your long time, long term horizon when it
Speaker 1: comes to in estments, Well, it's all about expectations around
Speaker 1: UH growth, around UM, where rates are going to be UM.
Speaker 1: But most importantly it's about looking in the rear view
Speaker 1: mirror UM, looking at what has historically happened to help
Speaker 1: provide some guides for the future. We do know that
Speaker 1: no matter what the environment UM, typically over the longer
Speaker 1: term we see stocks have this gravitational pull upwards, which
Speaker 1: is why they are an important part of investors portfolios
Speaker 1: for the long term. How do you look back on
Speaker 1: the history of markets, so when we have the kinds
Speaker 1: of situations that we're in where we do have this
Speaker 1: war in Ukraine, we have pretty unprecedented FED rate hike
Speaker 1: cycle underway right now with these four straight jumbo rate hikes,
Speaker 1: how do you gain things out given where things stand
Speaker 1: right now. Well, certainly this has been an extraordinary year,
Speaker 1: and when I say that, I'm talking specifically about monetary policy.
Speaker 1: As you said, UM, these jumbo hikes are are very unusual,
Speaker 1: and especially if we take a step back and look
Speaker 1: at it in the context of globally, we have so
Speaker 1: many central banks hiking rates UM and in big chunks
Speaker 1: all over the world, which is why the World Bank
Speaker 1: came out in September and we learned about UM the
Speaker 1: potential for UM risks associated with just this fast and
Speaker 1: furious monetary policy tightening. UM. But we have to recognize
Speaker 1: that that tends to have a uh an effect while
Speaker 1: it's happening UM. Right, For example, we saw a very
Speaker 1: difficult year for both stocks and bonds because of this
Speaker 1: extraordinary monetary policy environment. However, UM, we can look to
Speaker 1: the future and say, as soon as UM the FED
Speaker 1: starts to get less aggressive, and certainly when it hits
Speaker 1: the pause button, we're likely to see a very different
Speaker 1: market environment, and in fact, markets tend to discount that
Speaker 1: before it actually happens. You know, we've seen some pretty
Speaker 1: dramatic market moves just on the back of individual data points.
Speaker 1: When you think about consumer prices last week, producer prices
Speaker 1: this week, we get another round of data in retail sales.
Speaker 1: What kind of a catalyst could that be this morning? Christina, So,
Speaker 1: I don't know if retail sales has the potential to
Speaker 1: be very disruptive. Um. It certainly could make investors feel
Speaker 1: better about stocks if it if it comes in. Um.
Speaker 1: Uh and and is is uh positively surprises But I
Speaker 1: think we're going to see the most reaction coming from
Speaker 1: inflation data because that is what is making the FED,
Speaker 1: helping the Fed to make its decision right now about
Speaker 1: the future path of monetary policy. So we'll see outsized
Speaker 1: reactions from anything related to inflation. Just thirty seconds left here, Christina.
Speaker 1: Do you think there's still room for a soft landing
Speaker 1: from this Fed? Well, I think there's still room for
Speaker 1: a soft dish land but it all depends on what
Speaker 1: the Fed does going forward. Um. It's already created a
Speaker 1: significant amount of negative impact on the economy, much of
Speaker 1: which we haven't seen yet because of the lag that
Speaker 1: usually occurs between monetary policy and showing up in in
Speaker 1: the economy. UM. But um, this is this is a
Speaker 1: crash is certainly avoidable. Uh. Major recession is certainly avoidable
Speaker 1: at this point. UM. If the FED eases up on
Speaker 1: its level of tightening and of course pauses by the
Speaker 1: end of the first quarter. I think we can avoid
Speaker 1: anything significant. Thanks again, Christina, Christina Hooper's chief Global market
Speaker 1: strategist at Investo, Karen Allry, Nathan, thank you. It is
Speaker 1: five fifty three on Wall Street. Now. A legal story
Speaker 1: we're watching this morning, brought to you by American Arbitration Association.
Speaker 1: Business disputes are inevitable, resolve faster with the American Arbitration Association,
Speaker 1: the global leader in alternative dispute resolution for over ninety years.
Speaker 1: Are at a dr dot org. Now, a legal story
Speaker 1: we're watching. A Republican commissioner at the Equal Employment Opportunity
Speaker 1: Commission is deploying a rarely used agency procedure to silently
Speaker 1: initiate discrimination investigations against at least three companies that are
Speaker 1: providing their employees with abortion travel benefits. Trump appointee Andrea
Speaker 1: Lucas alleges and so called commissioner charges that the employers
Speaker 1: are favoring workers seeking abortions while discriminating against pregnant workers
Speaker 1: and disabled workers because they are not offering equivalent benefits
Speaker 1: for their medical needs. According to five attorneys, familiar with
Speaker 1: the charges. For more, Bloomberg's Jon Grosso speaks to j
Speaker 1: Edward Murraino, unemployment discrimination reporter at Bloomberg Law about his
Speaker 1: exclusive report. How rare are these charges coming from commissioners directly?
Speaker 1: These commissioners charges e s. Commissioners are able to file
Speaker 1: them independently. They're used very rarely. In the past two
Speaker 1: fiscal years, they've only been used three times. They're typically
Speaker 1: used to uh push settled law or add claims to
Speaker 1: existing investigations. This avenue that Andrew Lucas is choosing is
Speaker 1: quite unusual. What other procedures are they claiming need travel benefits?
Speaker 1: Women are getting travel benefits to travel out of state
Speaker 1: because in state they can't get an abortion. So what
Speaker 1: is Lucas claiming here that there are disabled workers and
Speaker 1: pregnant workers who need to go out of state for
Speaker 1: procedures and they can't. Yeah, So it's unclear from the charges.
Speaker 1: They're very broad. They just make those two assertions that
Speaker 1: the company is discriminating against pregnant workers and that it's
Speaker 1: discriminating against disabled workers. So the facts of these cases
Speaker 1: are not yet established, but the charges make the assumption that,
Speaker 1: for example, somebody with maybe a complicated pregnancy at that
Speaker 1: company was maybe not able to travel to see a specialist,
Speaker 1: or a person with a disability was not able to
Speaker 1: travel to seek the care that they needed. Meanwhile, these
Speaker 1: companies were offering travel for abortions, as you mentioned, and
Speaker 1: it is a little unusual because abortion is unique in
Speaker 1: that it depending on where you are, you may not
Speaker 1: have access to that anymore. Where with pregnancies or other conditions,
Speaker 1: those services are generally offered locally or you know, if
Speaker 1: not in the general vicinity of where you're working. It's
Speaker 1: also unusual from the assorneys that I talked to. Typically,
Speaker 1: abortion travel is covered under a more broad healthcare travel
Speaker 1: policy and unemployer's healthcare plan, So you know, they may
Speaker 1: have advertised it as a pledge to cover abortion travel,
Speaker 1: but as far as their healthcare plant is concerned, it's
Speaker 1: just a general healthcare travel policy that happens to include abortion.
Speaker 1: Is there any case law to support these charges, any
Speaker 1: precedent or are they completely novel? It's pretty novel. You know.
Speaker 1: It's only been since June that you know, the constitutional
Speaker 1: right to an abortion has been overturned, so this has
Speaker 1: not been tested in federal courts. Yet. But the laws
Speaker 1: of place here are Title seven of the Civil Rights
Speaker 1: Act of nineteen sixty four and the Americans with Disability
Speaker 1: Act on the Pregnancy Discrimination Act. And you know, I
Speaker 1: talked to a lot of lawyers for the story, and
Speaker 1: generally what they argue is that the Pregnancy Discrimination Act
Speaker 1: in fact protects an employer's ability to provide abortion benefits
Speaker 1: rather than preclude them from doing so. And also what's
Speaker 1: interesting about these charges is that since they come from
Speaker 1: a commissioner, they don't necessarily have a victim. There wasn't,
Speaker 1: you know, somebody who came forward and said that they
Speaker 1: felt that they were discriminated against based on off of
Speaker 1: the benefits. And that's j Edward Varno of Bloomberg Law
Speaker 1: spaing at the Bloomberg June Grosso. Catch more at that
Speaker 1: interview plus analysis of the latest legal news by subscribing
Speaker 1: to the Bloomberg Law Podcast or downloading the show at
Speaker 1: Bloomberg dot com slash podcast. Attorneys can find exceptional legal
Speaker 1: research and business development tools at Bloomberg Law dot com
Speaker 1: and on the Bloomberg terminal at the Law go This
Speaker 1: is Bloomberg