Speaker 1: Live from the Bloomberg Interactive Workers studios. This is Bloomberg
Speaker 1: Day Break for Wednesday, November nine two. Coming up this hour,
Speaker 1: a mixed mid term verdict from voters. Republicans head towards
Speaker 1: a slimmer House majority than expected. John Fetterman beats men
Speaker 1: A Dallas in the key Pennsylvania Senate race. Georgia maybe
Speaker 1: headed first Senate runoff between Raphael Warnock and Herschel Walker.
Speaker 1: And in New York, Kathy Hukel defeats Lee Zelden in
Speaker 1: the race for governor. A closer look at the local
Speaker 1: election results of the Troy State area. Plus North Korea
Speaker 1: has fired a suspected ballistic missile. I'm Michael Blare more ahead,
Speaker 1: I'm John Staatefower and sports a third period rally for
Speaker 1: the Islanders, debat the Rangers, the Devils one again, the
Speaker 1: Knicks play the Nets tonight. That's all straight ahead. On
Speaker 1: Bloomberg Day, Rake on Bloomberg he Live in Freo, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one or six one, Boston,
Speaker 1: Bloomberg nine sixty, San Francisco, Sirius x M one nine
Speaker 1: team and around the world on Bloomberg Radio Dot M
Speaker 1: and via the Bloomberg Business. Good morning. I'm Nathan Hager
Speaker 1: and I'm Karen Moscow. Ustock Index futures are lower this morning,
Speaker 1: and we checked the markets after the mid terms of
Speaker 1: SMP Future is down about eight points down, Features down
Speaker 1: ninety two and nasday features down twenty ten year Treasury
Speaker 1: down to thirty seconds. You have four point one three, Nathan. Oh, yes, Karen,
Speaker 1: it is all about the mid term elections this morning.
Speaker 1: While the GOP has made gains in the House, control
Speaker 1: of the Senate still hangs in the balance. Amy Morris
Speaker 1: begins our team coverage from the Bloomberg newsroom in Washington.
Speaker 1: Democrats are keeping the balance of power in the House
Speaker 1: closer than anticipated. As for the Senate, it might be
Speaker 1: a while longer before the results are clear. We do
Speaker 1: know Democrat John Fetterman defeated Trump backed mem At Oz
Speaker 1: for the Senate seat from Pennsylvania with fifty percent of
Speaker 1: the vote. Oz got forty seven point six percent. I
Speaker 1: never expected that we were going to turn these red
Speaker 1: counties blue, but we did what we needed to do.
Speaker 1: Georgia may be headed for a runoff. Democrat Raphael Warnock
Speaker 1: with a slight edge over Trump backed Herssel Walker forty
Speaker 1: nine point four percent to forty eight point six percent,
Speaker 1: and the count was delayed. In Arizona after tabulation machines
Speaker 1: went down. Democrat Mark Kelly currently holds a lead over
Speaker 1: Republican Blake Masters fifty stye percent, and Nevada is expected
Speaker 1: to go uncalled until later in the week because of
Speaker 1: delays from counting mail in ballots. In Washington, I'm Amy
Speaker 1: Morris Bloomberg Daybreak. All right, Amy, thank you all. Taking
Speaker 1: a look at some other key Senate races. Trump back
Speaker 1: Republican j D. Vans defeated Democrat Tim Ryan for Ohio Senate.
Speaker 1: He won with fifty three percent of the vote. New
Speaker 1: Hampshire Democrat Maggie Hasson be Republican Don Bulldock for that
Speaker 1: state's open Senate seat with fifty four percent of the vote.
Speaker 1: Colorado Democrat Michael Bennett got the vote to keep his
Speaker 1: Senate seat over Republican Joe o'della, and North Carolina Republican
Speaker 1: Ted Bud edged out Sherry Beasley with nearly fifty one
Speaker 1: percent of votes. Meantime, in Wisconsin, the race too close
Speaker 1: to call. Republican senator Ron Johnson leads to Democrat Mandela
Speaker 1: Barnesty points six percent to forty nine percent. That's of
Speaker 1: the vote counted, and we have results from a handful
Speaker 1: of races for governor as well. Karen, Let's begin in
Speaker 1: New York, where Democrat Kathy Hokel has defeated Republican Lee Zelden.
Speaker 1: Bloomberg's Michael Barr continues our election team coverage live in
Speaker 1: New York. Michael, thank you very much. Nathan. Democrat Kathy
Speaker 1: Hokel has become the first woman elected New York governor,
Speaker 1: winning the office outright. Hokel took over in one when
Speaker 1: former Governor Andrew Cuomo resigned. Hocle defeated Lee Zelden, who
Speaker 1: ran a campaign focused on fear of violent crime. She
Speaker 1: thanks the porters last night. I want to speak directly
Speaker 1: to New Yorker's tonight. You major voices heard loud and clear.
Speaker 1: Hokel got nearly fifty three percent of the vote. Zelden
Speaker 1: received just overent. However, Zelden is not conceding. And other
Speaker 1: races called by a p for the Senate, Chuck Schumer
Speaker 1: beat Republican challenger Joe Pinion fifty six percent in Connecticut,
Speaker 1: incumbent Democratic Governor Ed Lamont, the Republican challenger Robert Stevanos,
Speaker 1: U S Senator Richard Bloemhal won his re election over
Speaker 1: Republican Leora Levy percent in New York. Michael Barr Bloomberg Radio,
Speaker 1: Karen Nathan, all right, Michael's thank you well the Parry
Speaker 1: governors who have eyes on the White House for victorious
Speaker 1: last night. Republican run de Santis in Florida and Democrat
Speaker 1: Gavin Newsom in California both handily won re election to
Speaker 1: Santa's feat Democratic challenger Charlie christ garnering sixty of the vote.
Speaker 1: In Florida, I believe the survival of the American experiment
Speaker 1: requires a revival of true American principles. Florida has proved
Speaker 1: that it can be done, and that victory speech from
Speaker 1: De Santis did not mention Donald Trump or speculation that
Speaker 1: he'll run for president. In California, Newsom easily defeated his
Speaker 1: Republican challenger, Brian Dolly, with almost sixty of the vote. Overall, Careen,
Speaker 1: there were thirty six races for governor this year. Let's
Speaker 1: get more on those highlights now Live from Bloomberg's John Tucker,
Speaker 1: Good Morning John, and Nathan. Democrats pulled out wins in
Speaker 1: some key states. In Michigan, Democrat Gretchen Whitmer defeating Republican
Speaker 1: Tudor Dixon with fifty three percent of the vote. Democrats
Speaker 1: John Shapiro wanting in Pennsylvania, beating Republican Doug Mastriano withcent
Speaker 1: of the vote. Wisconsin, incumbent democarrent governor Tony Evers got
Speaker 1: fifty one percent of the votes to win over Republican
Speaker 1: Tim Michaels. Colorado's Democratic governor Jared Poulis garnered fifty seven
Speaker 1: percent of the vote to beat the Republican heideganal. In
Speaker 1: New Mexico, Democrat Michelle LeJean Grisham beat Republican Mark and
Speaker 1: Chetty with fifty two percent of the votes. Illinois g JV.
Speaker 1: Prisker defeated Trump back Republican Darren Bailey with fifty fo
Speaker 1: percent of the vote. In Georgia, Republican governor Brian Kent
Speaker 1: got fifty three percent of the vote to beat Democrats
Speaker 1: Stacy Abrams. And finally, a key governor's race yet to
Speaker 1: be decided in Arizona, Democrat Katie Hobbs currently leads Trump
Speaker 1: back repl booking carry Lake fifty one point three percent
Speaker 1: to forty eight point seven percent. Just under sixty one
Speaker 1: percent of votes have been counted so far. Karen, Nathan, Sorry, John,
Speaker 1: thank you all. Overall, it was a historic night at
Speaker 1: the polls. More women than ever ran for governor, more
Speaker 1: Black women ran for Congress, and more LGBTQ people vied
Speaker 1: for a spot in the House or Senate. As you
Speaker 1: mentioned before, Kathy Hoco became the first woman elected governor
Speaker 1: in New York and Massachusetts. Maria Healey will be the
Speaker 1: first woman elected to serve as that stays governor, and
Speaker 1: Democrat Westmore will be Maryland's first black governor. And Republicans
Speaker 1: Sarah Huckabee Sanders has become the first woman elected to
Speaker 1: serve as governor of Arkansas. Abortion rights around the ballot
Speaker 1: in several states as well. Karen, California, Michigan, and Vermont
Speaker 1: all voted to enshrine the right to abortion in their constitutions.
Speaker 1: On the flip side, Kentucky and Montana have measures on
Speaker 1: the ballot to limit abortion access. Votes on those initiatives
Speaker 1: are still too close to call. Currently fifty two and
Speaker 1: a half percent of voters in Kentucky have said not
Speaker 1: to limit abortion access, with eighty six percent of the
Speaker 1: vote counted. The trend is similar in Montana. We're nearly
Speaker 1: fifty three and voted not to live in abortions. Just
Speaker 1: votes are counted there. And in the interrance of transparency,
Speaker 1: we should note that Michael Larr Bloomberg, the majority owner
Speaker 1: of Bloomberg Radio parent Bloomberg LP, was a major donor
Speaker 1: to Democratic candidates and causes this election cycle. Straight ahead
Speaker 1: your latest local headlines plus a check of sports, and
Speaker 1: this is Bloomberg. Thanks gain Karen. It is six oh
Speaker 1: seven on Wall Street where forty degrees in Central Park.
Speaker 1: Michael bars back with what else is going on in
Speaker 1: New York and around the world. Michael, thank you very much. Nathan.
Speaker 1: Taking a look at other local races and results, Republican
Speaker 1: Tom Kane won the house race in New Jersey seventh
Speaker 1: Congressional district, beating Democratic incumbent Tom Melanowski came got fifty
Speaker 1: two percent of the vote. Kane, a former state senator,
Speaker 1: narrowly lost to Malanowski in a house race. Also in
Speaker 1: New Jersey, Democrat Mikey Cheryl won another term in the
Speaker 1: US House, beating the GOP's Tom the Groot. Cheryl received
Speaker 1: fifty eight percent. Democratic Representative Josh Gottheimer beat Republican challenger
Speaker 1: Frank Pallatta. Gotdheimer received more than fifty four percent of
Speaker 1: the vote. Taking a look now at more races in
Speaker 1: New York, Republican Nicole Maliatakas has one re election to
Speaker 1: the House in New York's eleventh Congressional district, after defeating
Speaker 1: Max Rose. She gave a victory speech to her supporters
Speaker 1: last night about to retire. He was a valerie. Perhaps
Speaker 1: you were able to retire. Aliatakas got sixty two percent
Speaker 1: of the vote. Democrat Alexandria Ocassio Cortez has one another
Speaker 1: House term, easily beating her Republican opponent, Tina Forte with
Speaker 1: more than seventy of the vote. Some House races in
Speaker 1: New York are too close to call. Republican Marcus Mullanaro
Speaker 1: and Democrat Josh Riley are in a tight race for
Speaker 1: New York's nineteenth district, separated by just one point two percent.
Speaker 1: Molan is currently in the league. Republican Michael Lawler is
Speaker 1: slightly ahead of Democrats Sean Patrick Maloney in the seventeenth district.
Speaker 1: They are separated by just eight tenths of a percent.
Speaker 1: In Connecticut, it is too close to call for the
Speaker 1: House seat between Democratic incumbent Johannah Hayes and Republican George
Speaker 1: Logan with count it, it's Hayes to Logan at forty.
Speaker 1: There is another story that is important that we have
Speaker 1: to tell you about. North Korea fired a short range
Speaker 1: ballistic missile toward waters off its east coast today. According
Speaker 1: to Japan, the missile flew about two fifty kilometers. It
Speaker 1: apparently landed outside of Japan's Exclusive economic zone, and there
Speaker 1: have been no reports of damage. Global News it was
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than seven under journalists and
Speaker 1: antalists in more than one d twenty countries. I'm Michael
Speaker 1: barn This is Bloomberg. Thanks Michael six cent on Wall
Speaker 1: Street Town for the Bloomberg Sports update, brought to you
Speaker 1: by tri State out He here's John Stesshion. All right, Nathan,
Speaker 1: there are three New York Area hockey teams. Two are
Speaker 1: hop the Rangers are not. Blue Shirts lost their third
Speaker 1: arrow at the Garden. The Islanders rallied for three third
Speaker 1: period goals to win four to three, and they've now
Speaker 1: won seven of their last eight. The Devils have won
Speaker 1: all of their last seven of division, leading ten and
Speaker 1: three three to home went over Calgary, and the Devil's
Speaker 1: doing this without goalie Mackenzie Blackwood. He's gonna miss three
Speaker 1: to six weeks knee injury, and their big off season
Speaker 1: pick up Andre Polot is out eight to ten weeks injured.
Speaker 1: Drawing Nixon nets tonight at Barkley's first meeting of the season,
Speaker 1: the Kyrie Irving suspension continues. Irving met yesterday with NBA
Speaker 1: Commissioner Adams Silver. It was said to have been a
Speaker 1: productive meeting. Just as Jacob gram made his free agency official,
Speaker 1: the Mettrs said to have begun talks with his agent,
Speaker 1: Anthony whoso may stick with the Yankees. They tendered him
Speaker 1: a qualifying offer so he could stay. He'd make about
Speaker 1: nineteen and a half million if he leads as a
Speaker 1: free agent. Yanks would get a draft pick compensation. College
Speaker 1: football play after many stop born this way, Georgia, Ohio State,
Speaker 1: Michigan TCU all Board nine and oh Tennessee lost to
Speaker 1: Georgia fell from first down the fifth. Alabama lost at
Speaker 1: L s U and dropped the ninth, and Clemson lost
Speaker 1: at Notre Dame and went from third down to tenth.
Speaker 1: Indianapolis Colts just made the coaching change and now they
Speaker 1: have said that thirty year old Parks Fraser will call
Speaker 1: the plays Sunday. He was the assistant QB coach. He's
Speaker 1: never before called plays. John Stashar, Bloomberg Sports, Nathan John,
Speaker 1: This red headline just a crossed the Bloomberg terminal. Facebook
Speaker 1: parent Meta Platforms confirms more than eleven thousand job cuts
Speaker 1: and the hiring freeze through the first quarter. Meta shares
Speaker 1: up three point four percent in early trading. This is Bloomberg.
Speaker 1: Bloomberg Sports was brought to you by Audie. Don't let
Speaker 1: someone else drive off in the Audi model. You've always
Speaker 1: wanted to visit your local price State Audie Dealer to
Speaker 1: get behind the wheel of yours today, or visit Audie
Speaker 1: Offers dot Com from more information, markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business Atland at Bloomberg Quick Tape, He's a
Speaker 1: Bloomberg Business Flash and I'm Karen Moscow and we are
Speaker 1: watching shares of Facebook parent meta platforms this morning. They
Speaker 1: are currently up about three percent in early trading. Chief
Speaker 1: executive Mark Zuckerberg saying the company will cut more than
Speaker 1: eleven thousand jobs in the first major round of layoffs
Speaker 1: in the social media giants history. The reductions equal about
Speaker 1: pent of the workforce. Meanwhile, futures are now little changed
Speaker 1: following the mid terms. SMP futures again that will change
Speaker 1: now features down sixty five and nasdack future is little changed.
Speaker 1: The decks in Germany is down about half percent. Ten
Speaker 1: year treasury down to thirty seconds. You have four point
Speaker 1: one three percent, may yield them a two year four
Speaker 1: point six six percent. Nimex screwed oil is down half
Speaker 1: per cent or forty five cents and eighty eight dollars
Speaker 1: forty six cents of barrel Comx goal down two tenths
Speaker 1: per centers three dollars at seventeen twelve eighty and ounce.
Speaker 1: The euro one point zero zero five nine against the dollar,
Speaker 1: British bound one point one four six two, the n
Speaker 1: one forty five point six one, and Bitcoin is down
Speaker 1: more than five percent at seventeen thousand seven hundred dollars.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael, thank
Speaker 1: you very much, Karen. Many votes are still being counted
Speaker 1: from Tuesday's mid term elections, but Republicans are still favorites
Speaker 1: to take back the House. Speaking at an election night
Speaker 1: event in Washington, d C. House Minority Leader Kevin McCarthy
Speaker 1: was very confident, thank you to everyone who voted Republican
Speaker 1: for the very first time. Democrat John Federman will be
Speaker 1: the next Senator from Pennsylvania, meeting as a Republican opponent.
Speaker 1: Dr memidaz Federment addressed supporters in Pittsburgh overnight, describing as
Speaker 1: campaign six months after he suffered a stroke. This campaign
Speaker 1: has always been about fighting for everyone who's ever been
Speaker 1: got knockdown, that ever got back up. Democrat Cathy HOCl
Speaker 1: has become the first woman elected New York governor, winning
Speaker 1: the office outright. Hokel took over here one when former
Speaker 1: Governor Andrew Cuomo resigned. Hocal defeated Republican Congressman Lee Zelden,
Speaker 1: who ran a campaign focus on fear of violent crime.
Speaker 1: In Texas, Governor Greg Abbott fended off a challenge from
Speaker 1: Democrat Beto O'Rourke. Governor Abbott addressed supporters pointing to border
Speaker 1: security as one of the main issues driving votes in
Speaker 1: his state. Abbott also says we must never forget our
Speaker 1: schools are for education, not indoctrination. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than under journalist and analysts more than twenty countries.
Speaker 1: I'm Michael barn This is Bloomberg, Nathan. Thank you, Michael.
Speaker 1: It's six twenty on Wall Street Line from the Bloomberg
Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak and for more
Speaker 1: post election analysis, We're joined live by Wendy Schiller, director
Speaker 1: of the Topman Center for American Politics and Policy at
Speaker 1: Brown University. Professor, It's always great to speak with you,
Speaker 1: particularly after an election day. And I think we heard
Speaker 1: from Republican Senator Lindsey Graham last night saying this doesn't
Speaker 1: look like a red wave to me. What does this
Speaker 1: election look like to you? Professor? Good morning, Athan, Um,
Speaker 1: it looked people are gonna find a surprising, like a
Speaker 1: pretty normal mid term election, because in midchem elections, people
Speaker 1: take their anger frustration against the Party of the White House,
Speaker 1: where you know, owns the White House, and they go
Speaker 1: and they're mobilized a vote to sort of send a
Speaker 1: signal saying we don't like what you've done and we
Speaker 1: want you to change. What's interesting here is so many
Speaker 1: races dependent on individual candidates and really were state specific.
Speaker 1: So you saw in places where governors did well as
Speaker 1: long as they lifted up the Senate candidate. I think
Speaker 1: you make that argument. In Pennsylvania with Fetterman and josh A.
Speaker 1: Piro ran for governor, you know, he kind of he
Speaker 1: won big, and I think that had to have helped betterment.
Speaker 1: Even in our little state of Rhode Island, we had
Speaker 1: a governor that won by a much bigger margin than
Speaker 1: people expected, and the Democrat eked out of victory in
Speaker 1: the congressional district where he was expected to lose based
Speaker 1: on polling. So some really traditional electoral dynamics at play here,
Speaker 1: party machines, organization, turnout um, and individual candidate quality. Uh So,
Speaker 1: given the inflation numbers and the perception that the economy
Speaker 1: is bad or that it will get bad, you know,
Speaker 1: that's something else we can talk about Um, you would
Speaker 1: have expected that problems do better. And in some cases
Speaker 1: it looks like either the individual candidate or the reputation
Speaker 1: for what the Republicans would do once they captured Congress
Speaker 1: got in their way last night. Now, it's interesting that
Speaker 1: you framed this is a normal mid term election result,
Speaker 1: because I think we've talked before about the last few
Speaker 1: election cycles. You think about former President Donald Trump, former
Speaker 1: President Barack Obama two years into the their terms. Uh.
Speaker 1: Former President Obama at the time called the result against
Speaker 1: the Democrats then a shellacking. We didn't get that this time. No,
Speaker 1: but but think about that. You know, you're mentioning really
Speaker 1: key points in political history for the United States. Plus,
Speaker 1: of course New Kingbridge is a big victory capturing the
Speaker 1: House in the Senate, but those are some those are big,
Speaker 1: big mid term election waves. And so this this, I mean,
Speaker 1: you would think that the Republicans should have done better. Uh.
Speaker 1: And they're probably gonna win the control of the House,
Speaker 1: but not by a lot. And we know that when
Speaker 1: majorities have narrow when parties have now majorities, it's tough
Speaker 1: to govern and tough to get things done. Uh, and
Speaker 1: usually embolden some wing of the party left or right.
Speaker 1: So that's going to be tough roads from McCarthy. Uh.
Speaker 1: And so you look at it. But what I mean
Speaker 1: by normal, I mean the fundamentals of American politics and
Speaker 1: you know, the idea of democracy dying. Some people are
Speaker 1: very concerned about voting rights and turn out. Uh. And
Speaker 1: we saw that for the for the majority of election
Speaker 1: deniers at the highest level. We still to wait for Arizona.
Speaker 1: You know, they were rejected by voters. So I think
Speaker 1: that's a really important thing and big turn out, right,
Speaker 1: and we are still waiting for a concession as well
Speaker 1: from Republican Lees Eldon, who was backed by former President
Speaker 1: Trump in New York. And you mentioned the race in
Speaker 1: Arizona as well. Do you have any lingering concerns that
Speaker 1: we could see a fight over election integrity in some
Speaker 1: of those closely watched races. Sure, I mean I think
Speaker 1: where we won't see that is Georgia. There may be lawsuits,
Speaker 1: but we've seen Kemp and Rapsonsburg as a team before
Speaker 1: in um most certainly defending the system. And so since
Speaker 1: Kemp won by a big margin, I can't see I
Speaker 1: can't see Georgia being nearly as contested. But Arizona, you know,
Speaker 1: looks very dacy, I think in that respect, and well
Speaker 1: and Donald, that's how a bad night. In other ways,
Speaker 1: may it made a lot of games in Nevada over
Speaker 1: the years in terms of their their voting strength. It
Speaker 1: looks like those games have disappeared. It looks like that
Speaker 1: both the Senate and the governor's seat are going to
Speaker 1: go Republican. We don't know quite yet. And Arizona has
Speaker 1: always been sort of a deep red state and sort
Speaker 1: of purple, and now it looks like it's sliding back
Speaker 1: to rhet So I think there are a lot of
Speaker 1: races in those pick up states. I think for Democrats
Speaker 1: recently in presidential elections look much diicier for four On
Speaker 1: the other hand, Michigan held their governorship for the Democrats,
Speaker 1: and Wisconsin and Pennsylvania. Uh, And you know that that
Speaker 1: tells you something about just how contested American politics is.
Speaker 1: And rather than being depressed about polarization, we can also
Speaker 1: look at it saying that we're vibrant, were competitive, and
Speaker 1: for the most part, most of the electoral results will
Speaker 1: be accepted peacefully. And I think that's a very key
Speaker 1: takeaway from this election. Now we're speaking with Wendy Schiller,
Speaker 1: the director of the Topman Center for American Politics and
Speaker 1: Policy at Brown University in Rhode Island. You know, the
Speaker 1: morning after any election, Professor, we think about what the
Speaker 1: mandate is for either party. When we have this kind
Speaker 1: of narrow result for Republicans and a better than expected
Speaker 1: result for Democrats, even if they go into a divided
Speaker 1: government here, what is the mandate for either party? I
Speaker 1: think the mandate comes from looking at independent voters and
Speaker 1: how they visit ibk R dot com slash interest rates
Speaker 1: to learn more. Up first, Republicans made gains in the
Speaker 1: House this mid term election cycle, but control of the
Speaker 1: Senate hangs in the balance. Democrats flipped a key Senate
Speaker 1: race in Pennsylvania, with Democrat John Federman defeating Republican memit
Speaker 1: Oz has always been about fighting for everyone who's ever
Speaker 1: been knocked lockdown, and Democrat John Fetterman, who has been
Speaker 1: recovering from a stroke, one with fifty point one percent
Speaker 1: of the vote. In Ohio, Kare and Republican j d
Speaker 1: Vance defeated Democrat Tim Ryan for a Senate sea garner
Speaker 1: percent of the vote. Democrat Maggie Hassant got fifty when
Speaker 1: you Hampshire Senate seat over Republican Don Bulldock. Meanwhile, Wisconsin,
Speaker 1: Wisconsin's too close to call. Republican Senator Ron Johnson leads
Speaker 1: Democratic challenger Mandela Barnes with fifty point six percent and
Speaker 1: it's still too close to call as well in Georgia,
Speaker 1: with Democratic Senator Raphael Warnock leading Republican Herschel Walker with
Speaker 1: forty percent of the vote. Well, New York, Nathan Democrat
Speaker 1: kathycho Hoco was elected governor, which just under fifty three
Speaker 1: percent of votes. You made me the first woman ever
Speaker 1: elected to is the governor of the state of New
Speaker 1: York and New York and Democrat Cathy Hokel defeated Republican
Speaker 1: Lee Zelden, who has not conceded the race. In Connecticut,
Speaker 1: Karen Democratic Governor Ned Lamont won fifty five percent to
Speaker 1: beat Republican Bob Stefanowski. Democratic Senator Richard Blumenthal beat Republican
Speaker 1: le Or Levy with fifty six percent. And Florida Nathan
Speaker 1: Republican Rhonda Santas defeated Democrats Harley christ I am honored
Speaker 1: by your support and I look forward to the road ahead.
Speaker 1: Florida Governor Rohnde Santa secured close to sixty percent of votes.
Speaker 1: In California, Governor Gavin Knewsom handily be the Republican challenger
Speaker 1: Brian Dolly, garneringty percent of votes, and the Democrats on
Speaker 1: other governors, Racist Karen Michigan's Gretchen Whitmer defeated Republican Tutor
Speaker 1: Dixon with fifty In Pennsylvania, Democrat Josh Shapiro the Republican
Speaker 1: Dogmaster j with of votes. And Wisconsin's Democratic governor Tony
Speaker 1: Evers won over Republican Tim Michael's garnering of the vote.
Speaker 1: And Arizona's governorship is not decided. Nathan and Democrat Katie
Speaker 1: hobbs Ley's Trump back Republican Kerry Lake to tally there.
Speaker 1: And we want to tell you this in the interest
Speaker 1: of transparency. Michael R. Bloomberg, majority owner of Bloomberg Radio
Speaker 1: parent company Bloomberg LP, was a major donor to Democratic
Speaker 1: candidates this election cycle. And that's the fine things you
Speaker 1: need to know to start your day, brought to you
Speaker 1: by Interactive Brokers. But we're also going to add them
Speaker 1: Meta Platforms. That's the parent company of Facebook has confirmed
Speaker 1: job cuts of about percent and let more than eleven
Speaker 1: thousand of employees. Go CEO Mark Bozuckerberg is also saying
Speaker 1: that they're cutting discretionary spending and extending the hiring freeze
Speaker 1: through the first quarter. And we're looking at meta platforms
Speaker 1: and early trading this morning. It is up three point
Speaker 1: three percent right now. Looking at futures this morning, they're
Speaker 1: little change now. It's in P futures, Nasdack futures, both
Speaker 1: little change now. Future is still lower, down about seventy
Speaker 1: ten year treasury down one thirty second yield four point
Speaker 1: one three percent, in a yield in a two year
Speaker 1: four point six six percent, and I make screwed oils
Speaker 1: down seven tenths of a percent. Straight ahead your latest
Speaker 1: local headlines plus a check of sports, and this is Bloomberg.
Speaker 1: Thank you. Karen sixty three on Wall Street forty degrees
Speaker 1: in Central Park got a crash blocking lane on the
Speaker 1: westbound Belt Parkway at Lefford's Boulevard. Michael Barr is back
Speaker 1: with Morrow What's happening in New York and around the world.
Speaker 1: Good morning, Michael, Good morning Nathan. Taking a look at
Speaker 1: other local race results. In New Jersey, Republican Tom Kine
Speaker 1: won the House race in New jersey seventh Ggressional district,
Speaker 1: beating Democratic incumbent Tom Malanowski. Came got fifty two percent
Speaker 1: of the vote. Kane, a former state senator, narrowly lost
Speaker 1: to Melanowski in a House race. Democrat Mikey Sherrol won
Speaker 1: another term in the US House, beating the GOP's Tom
Speaker 1: de Groot. Cheryl received fifty eight percent. Democratic Representative Josh
Speaker 1: Gottheimer beat Republican challenger Frank Polana. Gotddheimer received more than
Speaker 1: fifty four percent of the vote. Taking a look now
Speaker 1: at more races in New York, Republican Nicole Malaitakas has
Speaker 1: one re election to the House in New York's eleventh
Speaker 1: Congressional district after defeating Max Rose. She gave a victory
Speaker 1: speech to her supporters last night. Retire able to retire,
Speaker 1: valiatak has got sixty two percent of the vote. Democrat
Speaker 1: Alexandria o'cassio Cortez wins another US House term, easily beating
Speaker 1: a Republican opponent, Tina Forte, with more than seventy Democrat
Speaker 1: Kim Jeffreys beat his GOP challenger Uri Devenski with more
Speaker 1: than seventy two percent of the vote for the House.
Speaker 1: Some House races in New York are too close to call.
Speaker 1: Republican Marcus Molinaro and Democrat Josh Riley are in a
Speaker 1: tight race for New York's nineteenth district, separated by just
Speaker 1: one point two percent. Molinaro is currently in the lead.
Speaker 1: Republican Michael Lawler is slightly ahead of Democrat Sean Patrick
Speaker 1: Maloney in the seventeenth district. They are separated by just
Speaker 1: eight tenths of a percent. In Connecticut, it is too
Speaker 1: close to call for the House seat between Democratic incumbent
Speaker 1: Johannah Hayes and Republican George Logan, with counted it's Hayes
Speaker 1: to Logan at forty nine and other news outside of elections.
Speaker 1: South Korea's military says North kree Of fired a short
Speaker 1: range ballistic missile toward waters off its east coast today.
Speaker 1: According to Japan's defense minister, the missile flew about a
Speaker 1: hundred fifty five miles. It apparently landed outside of Japan's
Speaker 1: Exclusive economic zone, and there have been no reports of damage.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven hundred
Speaker 1: journalists and analysts more than a hundred twenty countries. Michael Barron,
Speaker 1: this is Bloomberg, Ain't it appreciated? Michael? Thank you? Six
Speaker 1: thirty six on Wall Street Time for the Bloomberg Sports Up.
Speaker 1: They brought to you by Tri State AUTI with John
Speaker 1: stash Hour. All right, Nathan Nixon Nets tonight at Barkley's
Speaker 1: Nicks coming five and five. That's four and seven, two
Speaker 1: and one since the Kyrie Irving's suspension. That has at
Speaker 1: least two more games to go, maybe longer since the
Speaker 1: Nets laid down those six requirements that Irving must meet
Speaker 1: before the suspension is lifted, although the Celtics Jalen Brown,
Speaker 1: who is the VP of the Players Association, said the
Speaker 1: union is going to appeal what the Nets are doing.
Speaker 1: Irving did meet yesterday with the NBA Commissioner Adam Silver.
Speaker 1: It was termed productive. There's nothing new on the Nets
Speaker 1: reported plans to hire m A. Eudoka as their new coach.
Speaker 1: He's currently suspended by the Celtics. There has been criticism
Speaker 1: of the Nets if they did indeed hire Udoka, and
Speaker 1: they could be having second thought. Jacque Vaughn is the
Speaker 1: interim coach for Now at the Garden third period rally
Speaker 1: by the Islanders. They beat the Rangers four to three.
Speaker 1: Brock Nelson the time goal and then andres Lee they
Speaker 1: go at goal. The Islands won seven or last eight.
Speaker 1: Devils have won seven or row and Nko Histler goal
Speaker 1: third period to beat Calgary pret two. Odell Beckham Jr.
Speaker 1: Hasn't played this season, said who have now recovered from
Speaker 1: the torn a c L he suffered while playing for
Speaker 1: the Rams and last year's Super Bowl. There has been
Speaker 1: talk of a possible return to the Giants, but Cowboys
Speaker 1: owner Jerry Jones said Beckham would look great with a
Speaker 1: star on his homers. One Bloomberg Sports smith John, thank you.
Speaker 1: Six seven on Wall Street. Let's take a look at
Speaker 1: stock some of the names moving in the pre market
Speaker 1: this morning after election Day. We're joined by Bloomberg TV
Speaker 1: anchor and markets correspondent Danny Berger. Of course, we're not
Speaker 1: just looking at election results, Danny, We're watching the continued
Speaker 1: big tech layoff blood bath. Now we got meta platforms
Speaker 1: confirming big job cuts coming. Yeah, exactly. It's it's about
Speaker 1: of the workforce that's over eleven thousand jobs. UM and
Speaker 1: this comes off the back of roughly two weeks ago
Speaker 1: met A results that were much weaker than expected. Shares
Speaker 1: have been down a lot, so I should say UM
Speaker 1: shares are up almost three percent this morning, and it
Speaker 1: does come. It's just sentiment is so negative around them.
Speaker 1: So you know, any bit of positive news, if you
Speaker 1: can call this positive UM is likely to account for
Speaker 1: a pop um. Speaking of accounting, it was remarkable Zuckerberg
Speaker 1: in this statement when he announces these job cuts. To apologize,
Speaker 1: he writes, I know this is tough for everyone, and
Speaker 1: I'm especially sorry to those impact did. I want to
Speaker 1: take accountability for those decisions and for how we got here.
Speaker 1: So some major cost cutting going on with again letting
Speaker 1: go of about eleven thousand folks, and it's really, again
Speaker 1: just big tech grappling with the fact that their model
Speaker 1: needs to change. It's no longer growth at any cost.
Speaker 1: They're getting slimmer and focusing on profitability. And to some extent,
Speaker 1: I wonder if we could sort of say the same
Speaker 1: thing about Disney after the earnings there and thinking about
Speaker 1: whether the streaming model needs to change well for them,
Speaker 1: I mean, I think we can absolutely see some parallels
Speaker 1: there because they're also talking after last night results that
Speaker 1: fell short of expectations. UM Disney talking about looking at
Speaker 1: reducing expenses, not necessarily firing people, but you know, reducing
Speaker 1: expenses does sometimes lead to that, UM, but looking at
Speaker 1: things like marketing, UM, perhaps pulling back on spending there
Speaker 1: so UM larger programming. They had a lot of expenses
Speaker 1: when it came to that, the cost of a global
Speaker 1: expansion of Disney plus so all of that meant that
Speaker 1: there were more than expected losses at the companies. Direct
Speaker 1: to consumer ARM theme park smount was also weaker, So
Speaker 1: all of that came together UM to punish Disney shares.
Speaker 1: They are currently down about seven and a half percent
Speaker 1: pre market, only about thirty seconds left. And I hate
Speaker 1: to put you on the spot, Danniel. We help me
Speaker 1: understand this Binance ft X thing, all right, don't think
Speaker 1: I can do it in thirty seconds. FTX liquidity crunch.
Speaker 1: So Binance, another exchange comes over, say that they're going
Speaker 1: to rescue them, They're going to take them over. But
Speaker 1: the main story here is just fears that crypto is
Speaker 1: very vulnerable. There could be meltdowns, there could be contagient
Speaker 1: So all of those crypto stocks under pressure this morning.
Speaker 1: You stuck the landing. Thank you, Danny. As always Bloomberg
Speaker 1: TV anchor Markets correspondent Danny Burger keeping on top of
Speaker 1: those individual movers for us this morning. Looking ahead to
Speaker 1: the market open this morning after the election, investors might
Speaker 1: still be digesting the results. Here we've got mixed action
Speaker 1: right now with U s and P futures down just
Speaker 1: three points, so little changed. DAL futures down seventy. Nasdaq
Speaker 1: Future is now swinging between gains and losses right now,
Speaker 1: little change to the downside. The tenure Treasury is down
Speaker 1: to thirty seconds, you old four point one. Much more
Speaker 1: mid term analysis. Next with Bloomberg Washington correspondent Joe Matthew.
Speaker 1: This is Bloomberg Bloomberg Sports, brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Audi Model.
Speaker 1: You've always wanted to visit your local Tri state Audi
Speaker 1: deally to get behind the wheel of yours today, or
Speaker 1: visit Autie Offers dot com for more information, markets, headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, Bloomberg Business Out and at Bloomberg Quicktape is
Speaker 1: a Bloomberg Business Flash and I'm Karen Moscow. We continue
Speaker 1: to watch shares and meta platforms that more than three
Speaker 1: and a half percent. You have executive Zuckerberg saying the
Speaker 1: company is gonna cut more than eleven thousand jobs in
Speaker 1: the first major round of layoffs in the social media
Speaker 1: giants history. U Stock Index futures meanwhile, they've been jumping
Speaker 1: around to bid US and P future is now and
Speaker 1: done about five points. DAL futures down eighty three and
Speaker 1: as deck futures that will change. The decks in Germany's
Speaker 1: down half percent ten, Your treasury that'll change at four
Speaker 1: point one two percent, and they yield on the two
Speaker 1: year four point six six percent. Nine nex Screwed oil
Speaker 1: is down eight ten percent or seventy five cents at
Speaker 1: eighty eight fifteen. A barrel comic gold down a quarter
Speaker 1: percent or four dollars at seventeen twelve an ounce. The
Speaker 1: Euro is at one point zero zero five seven against
Speaker 1: the dollar, British pound one point one to four six
Speaker 1: two the end one forty five point six six, and
Speaker 1: bitcoins falling down five and a half percent. It's seventeen thousand,
Speaker 1: six hundred fifty dollars. That's a Bloomberg business Flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Michael Karen, thank you very much. Control of
Speaker 1: Congress hangs in the balance, as Democrats have shown surprising
Speaker 1: strength defeating Republicans in a series of competitive races. Democrat
Speaker 1: John Letterman flipped a Republican controlled Senate seat that is
Speaker 1: key to the party's hopes of maintaining control of the chamber.
Speaker 1: It is too early to call critical Senate races in Wisconsin, Nevada, Georgia,
Speaker 1: and Arizona, which could determine the majority in the House.
Speaker 1: Democrats kept seats and districts from Virginia to Kansas to
Speaker 1: Rhode Island. However, House Minority Leader Kevin McCarthy believes the
Speaker 1: GOP will say control. In Texas, Governor Greg Abbott fended
Speaker 1: off a challenge from Democrat Beatto or Rourke. Governor Rabbit
Speaker 1: address supporters, pointing to border security as one of the
Speaker 1: main issues driving votes in his state. Where any f
Speaker 1: Congress fall short, Texas must continue our unprecedented efforts to
Speaker 1: secure our border. Abbott also says we must never forget
Speaker 1: our schools are for education, not for indoctrination. Democrat Letitia
Speaker 1: James has been elected to a second term as New
Speaker 1: York's Attorney General, and office she has used to pursue
Speaker 1: former President Donald Trump and a list of other powerful targets.
Speaker 1: James defeated Republican Michael Henry, a queen's lawyer who was
Speaker 1: endorsed by various police unions. Voters in battleground Michigan have
Speaker 1: enshrined abortion rights in the state constitution, joining Democratic California
Speaker 1: and Vermont. On election night, Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven hundred journalist and analyst more than
Speaker 1: a hundred twenty countries. Michael bar this is Bloomberg Naked. Okay, Michael,
Speaker 1: thanks SERI are live from the Bloomberg Interacted Broker Studios
Speaker 1: where it's sixty nine on Wall Street. It is time
Speaker 1: to check what it's going on in d C. As
Speaker 1: it always is, but particularly after a mid term election,
Speaker 1: it is particularly apt to do just that. So let's
Speaker 1: check in with Joe Matthew Are Washington correspondent, host of
Speaker 1: sound On on Bloomberg Radio. This morning, after that red
Speaker 1: wave didn't quite materialize for Republicans, Joe I saw the
Speaker 1: hashtag red trickle trending right around the time I attempted
Speaker 1: to go to sleep, which hasn't really happened yet, but yeah,
Speaker 1: that does seem to be the the narrative coming out
Speaker 1: of the night. And I do want to just sort
Speaker 1: of warn everybody that there's a lot of stuff that
Speaker 1: has not been called yet. It is looking like the
Speaker 1: House will turn Republican, but yeah, not really in a
Speaker 1: wave projections of DEM's losing. You know, forty seats does
Speaker 1: not seem to be in the cards. Here in Virginia
Speaker 1: is a pretty good example of that. Some of the
Speaker 1: the cross currents that we saw last evening, a win
Speaker 1: for Abigail Spanburger, a race that we spent a lot
Speaker 1: of time talking about, beat yes Lea Vega in the
Speaker 1: seventh district. This was considered a bell weather for the nation.
Speaker 1: And we added another one as well in Jennifer Weston
Speaker 1: that's the tenth district of Virginia, Northern Virginia DC suburbs,
Speaker 1: beat the Republican Hongkow. But there there there were some
Speaker 1: losses as well, a pretty big one in fact, as
Speaker 1: Elaine Lauria, the congresswoman on the January six committee lost
Speaker 1: her seat to State Senator Jen Kiggins. So two out
Speaker 1: of three ain't bad. I think it's the way Democrats
Speaker 1: look at this, and that is a bit of a
Speaker 1: model for the nation. Well, what does the message that
Speaker 1: Democrats take away from this when they have a little
Speaker 1: bit better result than they expected and Republicans do look
Speaker 1: like they're going to be heading towards a narrower majority
Speaker 1: in the House than a lot of the pundits had expected. Joh, Well,
Speaker 1: it's a little bit difficult to start the post mortems
Speaker 1: yet because we have so much yet to learn. There's
Speaker 1: there's still so many races to call. We don't really
Speaker 1: know what's gonna happen with the Senate, but I do
Speaker 1: think you know, look, it's not gonna be a reckoning
Speaker 1: for posters necessarily, but we have to come to grips
Speaker 1: with the fact that we're not sampling people the way
Speaker 1: that we need to be. And a lot of that
Speaker 1: could be young people who were motivated by issues that
Speaker 1: went beyond the scope of the economy and inflation and
Speaker 1: so forth. And so we saw, you know, there there
Speaker 1: there was some mobilization around issues like abortion, like cannabis
Speaker 1: rights that was on the ballot in a number of states,
Speaker 1: and the Senate is still up in the air here,
Speaker 1: and it could be a month before we find out
Speaker 1: who controls the chambers. So we want to be tempered
Speaker 1: in the in our attempts to analyze what happened last night.
Speaker 1: Arizona is still up in the air, Nevada is still
Speaker 1: up in the air, and Nathan so is Georgia. And
Speaker 1: right now Raphael Warnock and Senator uh and in herschel
Speaker 1: Walker both have less than fifty percent. It is entirely
Speaker 1: likely that goes to a runoff, so we could in
Speaker 1: fact wait a month before we know who owns the Senate.
Speaker 1: You know, in the last few years, Joe, there's been
Speaker 1: such a tendency to sort of nationalize these races when
Speaker 1: we think about control of Congress, that sort of thing.
Speaker 1: Did this come down to more local issues in this cycle?
Speaker 1: It again a little bit difficult to say there. Look,
Speaker 1: there was a lot of crossover in major issues across UH,
Speaker 1: a lot of congressional districts here, and you know, I
Speaker 1: don't want to take away from what was actually a
Speaker 1: pretty good night apparently for Democrats here. In a message
Speaker 1: from Joe Biden in the midst of historic inflation and
Speaker 1: a war in Europe. Like you don't need to go
Speaker 1: through this whole list for you here. Uh that that
Speaker 1: you know, maybe some of the other approaches on the
Speaker 1: Republican side, particularly candidates who were embracing denialism and did
Speaker 1: not accept the results of the election. To take a
Speaker 1: look at Carrie Lake out in Arizona. A lot of
Speaker 1: fun people thought you would crew was to victory. She
Speaker 1: is still down in a race that is not called
Speaker 1: down by at least a full percentage point, and she
Speaker 1: was calling for election fraud investigations before the race even
Speaker 1: closed here. So there is a lot for us to
Speaker 1: figure out and a lot of voters to talk to
Speaker 1: to understand what actually motivated them to vote. Yeah, and uh,
Speaker 1: you know, not to get too far ahead, but actually
Speaker 1: I'm about to because Santis had a really good night
Speaker 1: beating Charlie Christ handily in Florida. Arguably former President Donald Trump,
Speaker 1: who were still expecting to make some kind of announcement
Speaker 1: next week, did not have as good a night. What's
Speaker 1: the landscape for? That's fair to say. I look, and
Speaker 1: I don't know if that gives Rohn de Santis an
Speaker 1: upper hand in a race like that, it's very unclear
Speaker 1: that he could beat Donald Trump, for instance, in a primary.
Speaker 1: It's unclear donald Trump scares him away if he does
Speaker 1: in fact announced next week. But you know, it was
Speaker 1: not lost on us that people in the crowd at
Speaker 1: the De Santis victory rally, we're cha thing two more
Speaker 1: years as he took victory of the big victory lap
Speaker 1: last night, because a lot of them would love to
Speaker 1: see him go on to Washington and be the president. Uh,
Speaker 1: this is gonna take some time here. As Donald Trump
Speaker 1: calls him run to sanctimonious, they clearly don't love each
Speaker 1: other here and realize that they may in fact being
Speaker 1: a contest someday or might you know, block one or
Speaker 1: the other out here. I just I think that one's
Speaker 1: gonna take some time. But that's part of the motivation,
Speaker 1: Nathan of Donald Trump announcing as early as next week
Speaker 1: is hope is to clear the field. Only about a
Speaker 1: minute left here, Joe, and of course market participants are
Speaker 1: trying to digest these results as we're still trying to
Speaker 1: figure out exactly what they're gonna be. What are you
Speaker 1: gonna be looking for in terms of policy going forward
Speaker 1: with the potential for a divided Washington. Returning, well, you know,
Speaker 1: we talked a lot about gridlock yesterday. Gridlock is good.
Speaker 1: Wall Street likes this idea. We're not going to probably
Speaker 1: see a lot of major pieces of legislation flying out
Speaker 1: of a divided Congress if in fact that's how this lands.
Speaker 1: But the majority would be so slim in this case
Speaker 1: for Republicans in the House that there are a lot
Speaker 1: of questions about whether there's numbers to codify same sex
Speaker 1: marriage and a law to find an expanded child tax credit.
Speaker 1: What will happen when it's time to fund the government.
Speaker 1: Maybe Democrats and Republicans have some motivation here, since no
Speaker 1: one's gonna have a real mandate to actually manage this
Speaker 1: fiscal cliff before we have to get into that next year.
Speaker 1: So there are a lot of big questions about the
Speaker 1: way a Kevin McCarthy, assuming he's the next speaker, would
Speaker 1: handle this. I would still expect a lot of investigations, though,
Speaker 1: a lot of hearings probes into the Biden administration. Get
Speaker 1: ready to hear a lot about the Hunter laptop. Let's
Speaker 1: hope you get some rest before sound on five pm,
Speaker 1: Ball Street Time, hosted by Bloomberg Washington correspondent Joe Matthew, Joe,
Speaker 1: thank you, Karen, all right, sounds good, Nathan, thank you.
Speaker 1: Six fifty five on Wall Street, we turned to news
Speaker 1: and science and technology Now at the Bloomberg and j
Speaker 1: I T. Stemmer Report brought to uvine, New Jersey Institute
Speaker 1: of Technology as one of the nation's leading polytechnic universities
Speaker 1: in a top military friendly school, and j I T
Speaker 1: supports America's service members and their families. Learn more at
Speaker 1: n j I T dot Edu, slash Veterans, and here's
Speaker 1: U's making News and science, technology, engineering, and math. Cryptocurrencies
Speaker 1: are extending to clients as finances. Potential takeover of unbattled
Speaker 1: rival exchange f t X highlighted house strains in the
Speaker 1: digital asset industry are now buffeting some of its top players.
Speaker 1: The chief executive officer of Finance stunned the crypto world
Speaker 1: yesterday with an announcement that his firm was moving to
Speaker 1: take over rival ft X dot Com, which he said
Speaker 1: was seeing a liquidity crunch. Mark Karney, the former Bank
Speaker 1: of England governor and co chair of the world's biggest
Speaker 1: climate finance coalition, is ert in governments to create frameworks
Speaker 1: that encourage financial market participants to commit to slashing emissions.
Speaker 1: During a panel discussion at the COP twenty seven Climate
Speaker 1: Summit in Egypt, Karney said policymakers should align financial regulation
Speaker 1: with net zero by making net zero transition plans mandatory.
Speaker 1: And China, the world's largest iPhone fact three will still
Speaker 1: face COVID restrictions the city of Shang Joe and today
Speaker 1: lockdown in the district where the plant is located, but
Speaker 1: some areas are still considered high risk, including one where
Speaker 1: the funx con factory is located. The restrictions have led
Speaker 1: Apple toward it will ship fewer iPhones than anticipated. And
Speaker 1: that's the Bloomberg and j I t Stem report. And
Speaker 1: futures this morning are moving lower. S and P futures
Speaker 1: are down about eight points right now, dal Future is
Speaker 1: down Naughty two and NASTAG futures down fourteen tenuere Treasury
Speaker 1: little change yield four point one two per cent, and
Speaker 1: straight ahead it is Bloomberg Surveillance there in Washington, d C.
Speaker 1: They'll have much more on the mid term election results.
Speaker 1: That's Tom King, Jonathan Farrell, and Lisa Abramowitz and for
Speaker 1: Nathan Hager. I'm Karen Moscow, and this is Bloomberg