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Speaker 1: Live from the Bloomberg Interactive Brooker Studios. Is this Bloomberg

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Speaker 1: Gay Break for Monday, November twenty one? Coming up this hour,

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Speaker 1: Bob Iger is back as CEO of Disney and shares

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Speaker 1: sore on the news. First Donald Trump now Elon Musk

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Speaker 1: invites Kanye West back on Twitter. More signs of tensions

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Speaker 1: easing between the US and China, and stocks drop on

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Speaker 1: concerned Beijing make Titan COVID restrictions. New York Governor Hulkel

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Speaker 1: reacts to the deadly shooting at a gay bar in

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Speaker 1: Colorado Springs. Plus, Buffalo begins digging out of a historic snowstorm.

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Speaker 1: I'm Michael barn More ahead, I'm John stand and sports

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Speaker 1: a heartbreaking loss for the Jets. The Giants and Knicks

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Speaker 1: both lost. A win for Kyrie Irving and the Nets.

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Speaker 1: That's all s training ahead on Bloomberg day Break on

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Speaker 1: Bloomberg Elving Free on New York, Bloomberg one, Washington, d C,

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Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,

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Speaker 1: Syrius XM one nine Team, and around the world the

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Speaker 1: Bloomberg Radio Dot Carmen via the Bloomberg Business app. Hey

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Speaker 1: good morning. I'm Nathan Hagar and I'm Karen Moss Galloway.

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Speaker 1: Do you buy stock? Index futures are lower this morning.

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Speaker 1: We are coming up to six oh one on Wall Street.

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Speaker 1: I'm go check the markets every fifteen minutes throughout the

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Speaker 1: trading day. On Bloomberg SNP Future is down twenty two

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Speaker 1: points this morning. Down Future is down eight seven. Nasdaq

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Speaker 1: futures down ninety. The decks in Germany's down six tenths

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Speaker 1: of a percent, Cap in Paris down two tenths of

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Speaker 1: upper cent, and the foot see one hundred is little changed,

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Speaker 1: and your treasury up one thirty second deal three point

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Speaker 1: two percent. That yield on the two year four point

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Speaker 1: five three percent. Nine Max Screwed Oil is down half

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Speaker 1: percent or thirty eight cents at seventy nine seventy cents

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Speaker 1: of barrel, and Comex School down six tenths per cent

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Speaker 1: or eleven dollars twenty cents. It's seventeen fifty seven eighty,

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Speaker 1: announced Nathan, Well, Karen. We begin with a major changing

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Speaker 1: of the guard at Disney. A familiar face is coming

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Speaker 1: back to leave the company. We get the story from

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Speaker 1: Bloomberg's dog Prisoner Disney Sports says Bob Apeck is out

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Speaker 1: and he's being replaced by his predecessor, Robert Iger. Iger

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Speaker 1: will serve as CEO for two years. His mandate is

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Speaker 1: to set the strategic direction for renewed growth and to

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Speaker 1: work closely with the board in developing a successor to

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Speaker 1: lead Disney. At the completion of his term, the board

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Speaker 1: did thank j Pick for his service, including navigating the

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Speaker 1: company through the pandemic. Iger's position as chairman is unchanged.

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Speaker 1: In New York, I'm Doug Christener, Bloomberg Daybreak. All right, Dyke,

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Speaker 1: thank you well. Shares a Disney or up almost eight

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Speaker 1: percent this morning. One other note on Disney, The Wall

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Speaker 1: Street Journal reporting activist investor Nelson Pelts is opposing the

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Speaker 1: return of Igor as Disney CEO. The paper says Peltz's firm,

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Speaker 1: Trium Fund Management, acquired a stake worth over eight hundred

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Speaker 1: million dollars in Disney this month. In other corporate news

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Speaker 1: this morning, Karen, the turmoil at Twitter continues. Sources say

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Speaker 1: there may be more employee layoffs coming this week. Bloomberg

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Speaker 1: said Baxter Awards. It is causing some concern among legislators.

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Speaker 1: This talk, along with Donald Trump being reinstated. Has Congressmen

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Speaker 1: Adam Schiff on ABC has heard on Bloomberg say the

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Speaker 1: Twitter melt out and Elon Musk need to be looked at.

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Speaker 1: It just underscores the the erratic leadership of Twitter now

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Speaker 1: under Musk, but also the security concerns with security people

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Speaker 1: fleeing Twitter and what that means for the protection of

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Speaker 1: Americans private data. As Chef saying that it goes against

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Speaker 1: everything Musk has said about setting up monitoring committees in

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Speaker 1: San Francisco. I'm at Baxter Bloomberg Daybreak, all right and

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Speaker 1: thank you. And a few days after reinstating former President

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Speaker 1: Trump on Twitter, Elon Muska is welcome back Yea. The

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Speaker 1: artists formerly known as Kanye West had been suspended from

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Speaker 1: Twitter for two weeks because of an anti Semitic tweet.

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Speaker 1: Turning to markets now, Karen, it is a shortened trading

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Speaker 1: week because of Thanksgiving, and the week is kicking off

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Speaker 1: with losses in Asia. Let's get the recap from Bloomberg's

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Speaker 1: Annabelle Druelers in Hong Kong. Good morning, Innabelle, Good morning Karen,

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Speaker 1: and Nathan training Sentiment Asia on Monday. It really took

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Speaker 1: a hit from what was happening in China, So essentially

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Speaker 1: over the week end we saw the first COVID related

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Speaker 1: deaths there in months, and then that led to further

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Speaker 1: concern that officials would start to back away from this

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Speaker 1: possible easing of COVID zero restrictions. So as a result,

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Speaker 1: we did see China shares sailing off, and then that

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Speaker 1: really hit sentiment across the board in Asia, including in

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Speaker 1: markets like Korea, with the Korean one, for instance, slumping

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Speaker 1: more than one percent against the dollar. With this retreat

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Speaker 1: back into safe haven's like the green back and treasuries

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Speaker 1: in Hong Kong. I'm annabel Ruler's Bloomberg Daybreak. All right, Annabelle,

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Speaker 1: thank you well. I'm the geopolitical front word this morning

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Speaker 1: at the defense chiefs from the US and China willlikely

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Speaker 1: need for their first starcks in months. Amy Morris has

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Speaker 1: details from oorrow Bloomberg newsroom in Washington. Beijing suspended dialogue

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Speaker 1: with Washington over House Speaker Nancy Pelosi's visit to Taiwan

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Speaker 1: back in August. Talk of a meeting between Defense Secretary

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Speaker 1: Lloyd Austin and China Defense Minister Wave fun Her is

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Speaker 1: just the latest scigned ties between the U S and

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Speaker 1: China are starting to thaw. This after Chinese President she

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Speaker 1: Jin Ping's recent meetings with President Biden and Vice President Harris,

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Speaker 1: during which she emphasized more communication is needed. Biden officials

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Speaker 1: have repeatedly called for guardrails to prevent tensions from getting

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Speaker 1: out of hand in Washington. I maybe more as Bloomberg Daybreak,

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Speaker 1: all right, Amy, thanks, Larry Summers is speaking out about

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Speaker 1: US China relations. The former Treasury Secretary's warning US policymakers

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Speaker 1: to focus on building the country's own economic strengths and

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Speaker 1: its contest with China rather than on attacking its adversary.

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Speaker 1: We in the United States probably need to be careful

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Speaker 1: about our evangelizing influence. I don't think it's really for

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Speaker 1: us to tell China how they should organize their entire society.

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Speaker 1: Former Treasury Secretary Larry Summers made the comments on Bloomberg's

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Speaker 1: Wall Street Week with David Weston. Catch the program Fridays

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Speaker 1: at six pm Eastern on Bloomberg Radio and television, also

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Speaker 1: on your favorite podcast platforms. Well in Washington this week,

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Speaker 1: Nathan Clues from the feed our front and center again.

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Speaker 1: The Central Bank issues minutes from its latest policy meeting

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Speaker 1: just ahead at the Thanksgiving and Bloombery's Vinetal Judas has

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Speaker 1: a preview. Fed officials lifted the benchmark interest rate by

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Speaker 1: another hefty seventy five basis points at this month's policy

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Speaker 1: session as they wage warrant inflation. The minutes that for

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Speaker 1: release Wednesday could spell out details of the deliberations and

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Speaker 1: what lies ahead. On Wall Street, there's broad consensus the

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Speaker 1: federal raised the benchmark rat to about four point five

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Speaker 1: percent next month, and then to around five percent early

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Speaker 1: next year. There's also a full schedule of economic data

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Speaker 1: this week for manufacturing to no home sales, and consumer

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Speaker 1: sentiment numbers that should point the lackluster economic activity they

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Speaker 1: eat out Judas boom birthday break Okay, Vinny, thanks And

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Speaker 1: as we head into the holiday, investors are asking whether

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Speaker 1: or not the bear market is over Well. Goldman Sachs

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Speaker 1: says no. In fact, the firm strategists say the bear

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Speaker 1: market will likely last through next year. Goldman predicts the

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Speaker 1: SMP five hundred will end next year at four thousand points.

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Speaker 1: That's just nine tenths of a percent higher than Friday's close. Well,

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Speaker 1: futures are lower this morning. Nathan Us in futures down

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Speaker 1: twenty one points down, futures down eighties seven, and now'day

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Speaker 1: futures are down eighties six. The ten year treasury up

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Speaker 1: one thirty second three point two percent of the yield

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Speaker 1: in the two year four point five three percent. Straight ahead,

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Speaker 1: your latest local headlines, plus a check of sports, and

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Speaker 1: this is Bloomberg. Thank you. Carring at six oh seven

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Speaker 1: on Wall St. Seven degrees in Central Park. Gotta crash

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Speaker 1: westbound b QUE at the Williamsburg Bridge. We'll tell you

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Speaker 1: about in traffic. First, Michael Barr has more on let's

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Speaker 1: going on in New York and around the world. Good morning, Michael,

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Speaker 1: Good morning Nathan. We're learning more about the suspect and

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Speaker 1: the deadly shooting at an lgbt Q night club in

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Speaker 1: Colorado Springs. Anderson leold Rich is in police custody. Last year,

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Speaker 1: police were called to his mother's address on a report

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Speaker 1: of a bomb and firearms threat. The weekend shooting left

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Speaker 1: at least five people dead and more than two dozen

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Speaker 1: others wounded. Colorado Springs Police Chief Adrian Vasquez says to

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Speaker 1: club patrons subdued the gunman before more people could be killed.

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Speaker 1: I hate to even venture a guess how many people

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Speaker 1: could have been killed or injured beyond those already killed

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Speaker 1: or injured. Truly heroes, those two chief, says. Authorities are

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Speaker 1: studying old Ridge's social media posts trying to learn a

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Speaker 1: motive for the mass shooting. Meanwhile, New York Governor Kathy

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Speaker 1: Hokel is reacting to the deadly Colorado spring shooting. New

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Speaker 1: York this is personal. This is the home of the

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Speaker 1: lgbt Q movement. We have many, many friends who are

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Speaker 1: now just devastated and concerned for their own safety. Governor

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Speaker 1: Hokel says New York State Police will be increasing surveillance

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Speaker 1: and protection for communities at risk of hate crimes. HOCl

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Speaker 1: says two men were arrested over the weekend for threatening

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Speaker 1: the Jewish community in New York City. The Buffalo area

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Speaker 1: is digging out from a historic snowstorm. Western New York

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Speaker 1: was clumbered by the Lake Effects snow. This woman who

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Speaker 1: lives in Buffalo says the snow is putting up a

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Speaker 1: fight against every use of equipment the city is throwing

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Speaker 1: at it. The snow is so heavy and so deep

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Speaker 1: that even these bulldozers are barely making a damp, and

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Speaker 1: the snow removal process. So we see trucks going by

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Speaker 1: full of snow, but they're not They're not touching our

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Speaker 1: snow yet. Areas like Orchard Park got at least eighty

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Speaker 1: inches of snow. The United Nations latest Climate summone in

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Speaker 1: Egypt comes to a close after a marathon weekend of negotiations.

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Speaker 1: There was one major breakthrough with cop and agreement by

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Speaker 1: the world's developed nations to provide a fund for so

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Speaker 1: called loss and damage to the poor and vulnerable nations

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Speaker 1: most impacted by climate change. Global News twenty four hours

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Speaker 1: a day on air and on Bloomberg Quick Tank, powered

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Speaker 1: by more than twenty seven under journalist and analysts more

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Speaker 1: than twenty countries. I'm Michael Barr, and this is Bloomberg Nathan.

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Speaker 1: Thank you Michael six o nine on All Street time

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Speaker 1: for the Bloomberge Sports up. They brought to you by

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Speaker 1: Dry stayed out here with John Stash. All right, Nathan

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Speaker 1: has been such a surprisingly good football season in New York.

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Speaker 1: Until yesterday, the Giants had been winning. His underdogs. They

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Speaker 1: lost as a favorite at MetLife to Trice. Jamal Williams

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Speaker 1: scored three straight touchdowns. Lions went from down six three

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Speaker 1: to up twenty four to six. They beat the Giants

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Speaker 1: thirty one to eighteen. Quiet day for sake, Kwon Barkley

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Speaker 1: on the twenty two rushing yards and Daniel Jones, who

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Speaker 1: hadn't been intercepted since Week three, got picked off twice. Meanwhile,

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Speaker 1: the three other teams in the NFC East all one

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Speaker 1: Philadelphia now nine and one Dallas one forty three at

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Speaker 1: Minnesota and the Cowboys are like the Giants seven of three,

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Speaker 1: and the two teams play Thursday in Dallas. Washington won

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Speaker 1: as well as for the Jets with a win in

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Speaker 1: New England, they be in first place this late in

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Speaker 1: the season for the first time twenty ten, and certainly

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Speaker 1: looked like they were headed to overtime until the Jets

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Speaker 1: tenth punk to the day staff waste time, pressure free

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Speaker 1: punt and it's a good one to sing. Jones to

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Speaker 1: back pedal right side to sixteen stabbed dressers under seven.

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Speaker 1: The Twitter star Curt thanks you. It's ready to the call.

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Speaker 1: The game winning eighty four yard point returned by rookie

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Speaker 1: Marcus Jones, first point returned to touchdown in the NFL

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Speaker 1: this season. It came with five seconds left. That's one

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Speaker 1: ten three. They've now beating the Jets sport teens three

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Speaker 1: time Nicks lost in Phoenix one sixteive or two and

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Speaker 1: two on the road trip at ends tonight at Oklahoma City.

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Speaker 1: Next back from their trip beat Memphis once to one fifteen.

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Speaker 1: Tymie Irving returned from his suspension two o'clock today and

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Speaker 1: kits are It's the US versus Wales and the World Cup.

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Speaker 1: John Stashoward, Bloomberg Sports, Thank you, John SMP futures down

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Speaker 1: down twenty one points down, futures down eighty six nest

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Speaker 1: that futures are lower by eighty five points. Tany your

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Speaker 1: treasury little changed the yield three point eight to percent,

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Speaker 1: Disney shares of eight percent with Bob Iger coming back,

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Speaker 1: we get analysis next from Geta Ranganathan, us media analyst

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Speaker 1: percent at about sixteen thousand dollars. We continue to watch

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Speaker 1: shares of Walt Disney. They're up more than eight and

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Speaker 1: a half percent after it brought back former leader Bob

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Speaker 1: Iger as chief executive and as a Bloomberg business flash.

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Speaker 1: Now here's Michael Barr with more on what's going on

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Speaker 1: around the world. Michael Karen, thank you very much. It's

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Speaker 1: the World Cup. Today, Global News twenty four hours a

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Speaker 1: day on air and on Bloomberg Quicktake, powered by more

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Speaker 1: hundred twenty countries. Michael var and this is Bloomberg NA.

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Speaker 1: Thanks Michael. Six nineteen on Wall Street Live from the

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Speaker 1: Bloomberg Interactor Broker Studios. This is Bloomberg Daybreak. And speaking

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Speaker 1: of returns, Bob Iger's coming back as CEO of the

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Speaker 1: Walt Disney Company, replacing Bob Chapeck. We got that word

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Speaker 1: overnight and it is sending shares of Disney soaring in

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Speaker 1: the pre market. Let's get some analysis now. Gita Ranganathan

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Speaker 1: joins this US media analyst at Bloomberg Intelligence. So I'll

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Speaker 1: put the question right to you. Get to your reaction.

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Speaker 1: Oh my goodness, Oh boy, was this a surprise. I

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Speaker 1: mean really kind of a board from the blue, considering

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Speaker 1: that they had just renewed Bob Chapex contract and it

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Speaker 1: was going through. But I guess the last earnings report,

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Speaker 1: which was the fiscal four key earnings report, was very,

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Speaker 1: very disappointing across the board for investors, and I think

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Speaker 1: that is what has prompted this move. How much of

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Speaker 1: a change could we see from Bob Iger coming back

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Speaker 1: given that Bob Speck was his handpicked successor. Yes, so

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Speaker 1: it's kind of been a really tumultuous period I think

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Speaker 1: for Bob chapec. Um, I mean, I mean he has

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Speaker 1: really kind of garnered criticism for for so many things. Right,

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Speaker 1: there's been it's not just the running of business, and

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Speaker 1: there have been some unpopular business decisions, but there have

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Speaker 1: been some public relations missteps, there have been political controversy.

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Speaker 1: So obviously Bob Eiger is here to write that ship.

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Speaker 1: But on the business front, Um, I mean, I think

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Speaker 1: one of the things that kind of really spooked investors

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Speaker 1: was just their guidance for next year and it was

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Speaker 1: really really very very gloomy because we were expecting operating

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Speaker 1: profits to increase by about twenty and they kind of

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Speaker 1: guided to about nine. Obviously, costs are a problem. There's

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Speaker 1: a problem with the legacy TV business, and then you

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Speaker 1: know parks and again growing costs in that area. So

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Speaker 1: Bob Eiger obviously has his work cut out for him. Yeah,

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Speaker 1: I was gonna say, given the overall economic backdrop. I

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Speaker 1: mean a lot of those cost concerns are being shared

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Speaker 1: not just by Disney, but across the entertainment landscape, aren't they. Oh? Absolutely,

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Speaker 1: And you know, I would argue that in many ways,

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Speaker 1: Eiger is the best man for the job. He has

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Speaker 1: kind of guided he has Naviga to the company for

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Speaker 1: fifteen years as CEO. He's obviously been through this period

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Speaker 1: of you know, recessions. He knows exactly what to do,

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Speaker 1: and in many ways he has unfinished business here because, um,

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Speaker 1: you know, this is what he started. He started this

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Speaker 1: pivot to Disney class. It's kind of fitting that he

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Speaker 1: comes back and kind of finishes what he started. And

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Speaker 1: you're absolutely right about costs. So costs, we have two

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Speaker 1: major cost centers right now. One is you know, the

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Speaker 1: streaming business, and that business has already lost about eight

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Speaker 1: billion dollars since it, you know, they first started it.

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Speaker 1: And that is a major headache because you know, they

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Speaker 1: did say that they will that they do expect to

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Speaker 1: achieve break even in two years time. But again, you know,

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Speaker 1: there was some words of caution given the economic cycle

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Speaker 1: and then with Parks again, lots of inflationary pressures over there. Um,

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Speaker 1: it's gonna be interesting to see what they do. Yeah,

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Speaker 1: we have also gotten some word that activist investors on

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Speaker 1: the Disney board had opposed Tiger returning. The Wall Street

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Speaker 1: Journal uh saying among those is Nelson Pelts and Triumph

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Speaker 1: Fund Management. Could activist investors be a hurdle for Bob

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Speaker 1: Eiger coming back to CEO? I don't think so. I

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Speaker 1: think just kind of you're looking at the share price

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Speaker 1: right now. Obviously this is a move that is welcomed

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Speaker 1: by investors, that is welcomed by analysts on Wall Street.

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Speaker 1: I mean, this is a leader, probably one of arguably

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Speaker 1: one of the best leaders in media. He has a

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Speaker 1: stellar track record. He has navigated this company time and

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Speaker 1: time again through a lot of different, you know, major upheavals.

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Speaker 1: So I don't really think that the activist investors should

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Speaker 1: create much of a hurdle. So in our last minute here, Geeta,

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Speaker 1: do you see Bob Iger as more of a caretaker

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Speaker 1: CEO at this point or is there a possibility that,

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Speaker 1: if you know, the economic headwinds continue, that he could

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Speaker 1: be asked to stay on even longer. I didn't have

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Speaker 1: we're saying number with Bob Wiger, right, Yeah, he has

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Speaker 1: been tasked to be at the company for at least

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Speaker 1: two years to kind of pull it up, you know,

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Speaker 1: through all of this very difficult situations that they're facing

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Speaker 1: right now. He has also been tasked with the job

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Speaker 1: of finding a successor. Obviously that didn't go so well

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Speaker 1: last time, so who knows, but um, I think succession

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Speaker 1: will definitely be a key issue on his agenda over

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Speaker 1: the next two years, at least at the moment. Investors

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Speaker 1: like this news big time. We're watching Disney shares now

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Speaker 1: up nearly nine and a half percent in the pre market.

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Speaker 1: Geta Ranganathan as always great to get your perspective. Geta

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Speaker 1: Rongganathan is US media analyst at Bloomberg Intelligence. The broader

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Speaker 1: market moving lower. SMP futures are down twenty points, staff

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Speaker 1: features down seventy seven. NASDAC futures are down eighties seven points.

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Speaker 1: The tenure treasury little change, yield three point eight two percent,

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Speaker 1: and the yield on the two year right now four

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Speaker 1: point five two percent. You're listening to Bloomberg Daybreak, Bloomberg

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Speaker 1: eleventh three oh weather got a freeze warning till ten am.

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Speaker 1: It's gonna stay chili today, low forties and a breeze, sunny,

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Speaker 1: upper forties tomorrow, low fifties sunshine Wednesday, right now in

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Speaker 1: Central Park, broadcasting live from the Bloomberg Interactive Broker Studio

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Speaker 1: the Bloomberg business in Bloomberg Radio dot com. This is

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Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.

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Speaker 1: I'm Nathan Hager and I'm Karen Moscow and we're just

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Speaker 1: about three hours away from the Open of US training.

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Speaker 1: It's time for the five things you need to know

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Speaker 1: to start your Brought to you by Interactive Brokers ibk R.

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Speaker 1: Trader dot Interactive Brokers dot com. Up First, a big

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Speaker 1: shake up at Disney. Bob Chapeck is out as CEO

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Speaker 1: and longtime company leader Bob Iger is taking over Bloomberg's

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Speaker 1: alex Web says Eiger's goal will be super charging the

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Speaker 1: streaming service Disney Plus. Disney made a massive pivot over

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Speaker 1: the past two years under pressure from activist investors to

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Speaker 1: make themselves more like Netflix and actually invest in streaming

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Speaker 1: content Disney Plus, and they did that. Netflix then, of

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Speaker 1: course has not had a brilliant yet, so Disney has

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Speaker 1: has fallen sort of quite as much, but almost in

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Speaker 1: lockstep with that. So this is an effort to fix

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Speaker 1: some of that. Bloomberg's alex webs as a primary reason

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Speaker 1: for chipecks dismissal was disney struggling share price. Right now,

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Speaker 1: Disney shares they're up about nine percent. In the Wall

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Speaker 1: Street Journal, Karen Is reporting that activist investor Nelson Fell

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Speaker 1: supposes Iger's return. His firm Try and Fund Management required

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Speaker 1: a stake worth more than eight hundred million dollars in Disney.

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Speaker 1: Another corporate news Nathan more Twitter turmoil, the company's head

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Speaker 1: of operations in Frances quit and more layoffs could come

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Speaker 1: this week. CEO Elon Musk also welcomed former President Donald

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Speaker 1: Trump and Yea, the artists formerly known as Kanye West,

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Speaker 1: back to the platform must used a Twitter poll to

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Speaker 1: determine Trump's reinstatement, which California Representative Adam Schiff said was irresponsible.

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Speaker 1: It contradicts what Elon Musk said that he was going

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Speaker 1: to establish a council to evaluate this, and further contradicts

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Speaker 1: Musca and his claim concern about bots on his own

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Speaker 1: platform to subject the decision to a poll on the

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Speaker 1: platform that could be easily abused. Representative Adam Schiff made

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Speaker 1: the comments on ABC News this week. Heard every Sunday

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Speaker 1: on Bloomberg Radio. Markets Now Karen Us futures are falling

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Speaker 1: on concerned China might tighten COVID curves after a string

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Speaker 1: of death. Investors will also digest some economic news this

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Speaker 1: week when the Fed issues its latest minutes. Meanwhile, Nathan

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Speaker 1: Goman Sachs said the bear market will likely last into

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Speaker 1: next year. Goman predicts the SNP five hundred will end

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Speaker 1: next year at four thousand points, just nine tenths of

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Speaker 1: uppercent higher than Friday's close. And in geo politics, defense

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Speaker 1: chiefs from the U S and China will likely meet

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Speaker 1: for their first talks and months it could be assigned.

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Speaker 1: Tensions are easy. That's the five things that you need

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Speaker 1: to notice start your day. Brought to you by Interactive Brokers,

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Speaker 1: and again, futures this morning are lower with SMP futures

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Speaker 1: down about twenty two points. Straight ahead, your latest local headlines,

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Speaker 1: plus a check of sports, and this is Bloomberg. I

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Speaker 1: think you Karen six thirty three on Wall Street, twenty

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Speaker 1: seven degrees in Central Park. Gotta crash southbound New Jersey

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Speaker 1: Turnpike Western Spur, Exit fifteen. Details coming up in traffic.

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Speaker 1: First Michael Barr with more on what's happening in New

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Speaker 1: York and around the world. Good morning, Michael, Good morning, Nathan.

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Speaker 1: Quick action is being credited for reducing the number of

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Speaker 1: victims in the mass shooting at a gay bar in

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Speaker 1: Colorado Springs over the weekend. The suspect, Anderson Aldridge, was

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Speaker 1: tackled to the ground by people inside Club Q before

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Speaker 1: police arrived. Colorado Springs Police Chief Adrian Vasquez, I think

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Speaker 1: had somebody not been hit there to detain him, he

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Speaker 1: would have continued firing that weapon. Chief Vasques says five

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Speaker 1: were killed and dozens were hurt. Meanwhile, New York Governor

428
00:24:19,280 --> 00:24:23,200
Speaker 1: Kathy Hokeles, reacting to the deadly nightclub shooting, HOCl says

429
00:24:23,320 --> 00:24:25,920
Speaker 1: this is personal as New York is the home of

430
00:24:26,040 --> 00:24:28,800
Speaker 1: the l g B t Q movement. I've asked the

431
00:24:28,960 --> 00:24:32,639
Speaker 1: State Police Superintendent Steve and Grelly, who's with me here today,

432
00:24:32,720 --> 00:24:35,680
Speaker 1: to make sure that we have enhanced protections that we're

433
00:24:35,720 --> 00:24:38,840
Speaker 1: continuing to do our monitoring of social media sites to

434
00:24:39,000 --> 00:24:42,960
Speaker 1: be able to identify threats. Vocal says here in New

435
00:24:43,040 --> 00:24:45,800
Speaker 1: York City, two men were arrested over the weekend for

436
00:24:45,960 --> 00:24:49,680
Speaker 1: threatening the Jewish community. The Idaho State Police continued to

437
00:24:49,720 --> 00:24:52,920
Speaker 1: comb through the town of Moscow and surrounding areas trying

438
00:24:53,000 --> 00:24:55,720
Speaker 1: to gather evidence and the stabbing deaths of four University

439
00:24:55,760 --> 00:24:59,800
Speaker 1: of Idaho students. Authorities are still looking for a suspect. However,

440
00:25:00,119 --> 00:25:03,840
Speaker 1: State Police spokesperson Aaron Snell says the FBI is working

441
00:25:03,920 --> 00:25:09,240
Speaker 1: with police there developing information. They're assisting with the very

442
00:25:09,359 --> 00:25:12,760
Speaker 1: special skills that they have. Aaron Snell, the Idaho State

443
00:25:12,800 --> 00:25:16,280
Speaker 1: Police says on November thirteen, the bodies of three young

444
00:25:16,359 --> 00:25:19,000
Speaker 1: women and one young man were found in their off

445
00:25:19,040 --> 00:25:23,200
Speaker 1: campus house. Buffalo residents are slowly beginning to dig out

446
00:25:23,240 --> 00:25:26,440
Speaker 1: from a historic snow storm Blueberg. Steve Rappaport has more

447
00:25:26,920 --> 00:25:30,360
Speaker 1: highways have finally reopened and travel bands lifted, but many

448
00:25:30,440 --> 00:25:33,879
Speaker 1: businesses in and around Buffalo remain closed after some areas

449
00:25:33,960 --> 00:25:36,280
Speaker 1: got more than seven feet of snow. We're trying to

450
00:25:36,320 --> 00:25:39,680
Speaker 1: be patient in the city, but it's hard because we're stuck.

451
00:25:39,880 --> 00:25:43,000
Speaker 1: Sarah al Zina is among many residents not going anywhere

452
00:25:43,040 --> 00:25:45,280
Speaker 1: for a while. We see trucks going by full of snow,

453
00:25:45,400 --> 00:25:48,520
Speaker 1: but they're not They're not touching our snow yet. New

454
00:25:48,600 --> 00:25:51,639
Speaker 1: York Governor and Buffalo native Kathy Hokel says this storm

455
00:25:51,800 --> 00:25:54,920
Speaker 1: is one for the record books. When you hit five

456
00:25:54,960 --> 00:25:57,240
Speaker 1: inches over the course of just a couple of days

457
00:25:57,280 --> 00:26:00,000
Speaker 1: snow event, that is one to tell your grandkids about.

458
00:26:00,119 --> 00:26:02,920
Speaker 1: Hocal is asking for a federal disaster declaration for the

459
00:26:03,000 --> 00:26:07,119
Speaker 1: affected areas. Steve Rappaport Bloomberg Radio Global News twenty four

460
00:26:07,200 --> 00:26:09,880
Speaker 1: hours a day on air and on Bloomberg Quick Take,

461
00:26:10,040 --> 00:26:13,159
Speaker 1: powered by more than twenty seven hundred journalists and analysts

462
00:26:13,359 --> 00:26:15,840
Speaker 1: in more than a hundred twenty countries. Not Michael barrn

463
00:26:15,920 --> 00:26:23,280
Speaker 1: This is Bloomberg, Nathan. Thanks Michael. Count up to six

464
00:26:23,320 --> 00:26:25,600
Speaker 1: thirty six on Wall Street Time for the Bloomberg Sports Upthing,

465
00:26:25,640 --> 00:26:28,560
Speaker 1: Brought you by tri State outing with John Stash. All Right, Nathan,

466
00:26:28,600 --> 00:26:31,000
Speaker 1: there's never been a finished an NFL game like Jets

467
00:26:31,040 --> 00:26:33,840
Speaker 1: paid foots in Foxborough. There had been only two since

468
00:26:33,880 --> 00:26:36,440
Speaker 1: the nineteen seventy merger, where the first touchdown of the

469
00:26:36,520 --> 00:26:39,200
Speaker 1: game came in the final minute. But this game, when

470
00:26:39,240 --> 00:26:41,879
Speaker 1: he touched down was an eighty four yard point return

471
00:26:41,960 --> 00:26:44,720
Speaker 1: with five seconds left, the first point return for TV

472
00:26:44,840 --> 00:26:47,040
Speaker 1: in the NFL this season. It was by pat rookie

473
00:26:47,080 --> 00:26:49,760
Speaker 1: Marcus Jones. It gave New England a ten to three win,

474
00:26:49,800 --> 00:26:52,399
Speaker 1: their fourteenth winn in a row over the Jets, whose

475
00:26:52,440 --> 00:26:56,040
Speaker 1: coach was Roberts All. It's uh lose feel like your

476
00:26:56,640 --> 00:26:59,120
Speaker 1: exchange and blows from a defensive standpoint, and both sides

477
00:26:59,160 --> 00:27:02,440
Speaker 1: the war from teams and somebody could just make a

478
00:27:02,480 --> 00:27:05,000
Speaker 1: play and get it the overtime. They made a play

479
00:27:05,520 --> 00:27:07,440
Speaker 1: uh in the King game and asked about the performance

480
00:27:07,480 --> 00:27:09,720
Speaker 1: of his offense, Elo used an export to Zach Wilson,

481
00:27:09,760 --> 00:27:12,600
Speaker 1: who had that three interception day against the Patriots a

482
00:27:12,600 --> 00:27:14,560
Speaker 1: few weeks ago, was only nine of twenty two. So

483
00:27:14,720 --> 00:27:16,880
Speaker 1: in the an FC East, Miami and Buffalo are seven

484
00:27:16,920 --> 00:27:19,520
Speaker 1: and three, the Jets and Patriots are six and four.

485
00:27:19,600 --> 00:27:21,680
Speaker 1: In the NFC East Philadelphia pulled out at one point

486
00:27:21,720 --> 00:27:24,119
Speaker 1: when to go to nine and one Dallas one forty.

487
00:27:24,200 --> 00:27:26,680
Speaker 1: The three cooling off Red Hot Minnesota and the Cowboys

488
00:27:26,720 --> 00:27:29,159
Speaker 1: are seven and three. They're tied with the Giants. The

489
00:27:29,240 --> 00:27:32,680
Speaker 1: two teams face off Thursday in Dallas. Worst effort of

490
00:27:32,720 --> 00:27:34,200
Speaker 1: the season for the Giants. They lost at home to

491
00:27:34,240 --> 00:27:37,720
Speaker 1: Detroit thirty one to eighteen. The Lion's Jamal Williams score

492
00:27:37,760 --> 00:27:40,960
Speaker 1: three straight touchdown Daniel Jones had a t run and passed.

493
00:27:41,160 --> 00:27:44,560
Speaker 1: Was also intercepted twice. Last night late touchdown by Kansas

494
00:27:44,600 --> 00:27:47,240
Speaker 1: City Travis Kelsey's third of the game. The Chiefs top

495
00:27:47,320 --> 00:27:51,040
Speaker 1: the Chargers thirties seven. Knicks Looston Phoenix won sixteen to

496
00:27:51,200 --> 00:27:54,320
Speaker 1: ninety five. Road trip finds. Tonight, the Nets beat Memphis

497
00:27:54,400 --> 00:27:57,560
Speaker 1: and Barkley to one fifteen. Ben Simmons best game as

498
00:27:57,560 --> 00:28:00,360
Speaker 1: a Net and Tymrie Irving returned from his we spent

499
00:28:00,440 --> 00:28:03,800
Speaker 1: in the US takes on whales today at the World five.

500
00:28:04,000 --> 00:28:07,399
Speaker 1: Johnson actually Bloombroog sports movement thanking John sixty seven on

501
00:28:07,480 --> 00:28:09,720
Speaker 1: Wall Street. Time to take a look at stocks. Some

502
00:28:09,840 --> 00:28:12,120
Speaker 1: of the names moving in the pre market. Bloomberg Radio

503
00:28:12,160 --> 00:28:16,399
Speaker 1: and TV markets correspondent Creety GOOFDA watching Disney shares along

504
00:28:16,520 --> 00:28:19,280
Speaker 1: with the rest of us this morning. Looks like Disney

505
00:28:19,320 --> 00:28:22,640
Speaker 1: investors are thinking Bob Iger still has the pixie dust create.

506
00:28:22,880 --> 00:28:24,960
Speaker 1: You know, it's interesting. He's been such a veteran of

507
00:28:25,400 --> 00:28:27,040
Speaker 1: the company. He's been on the board for a little

508
00:28:27,080 --> 00:28:29,399
Speaker 1: while as well, so to come back after just a

509
00:28:29,640 --> 00:28:32,159
Speaker 1: series of missus when it comes to Disney, remember they

510
00:28:32,200 --> 00:28:36,000
Speaker 1: had this massive rise during the pandemic, this idea that

511
00:28:36,119 --> 00:28:38,440
Speaker 1: people were maybe not going to the theme parks and

512
00:28:38,440 --> 00:28:41,240
Speaker 1: amusement parks. But that's okay because Disney had really put

513
00:28:41,320 --> 00:28:43,520
Speaker 1: in a lot of money into their Disney Plus products.

514
00:28:43,520 --> 00:28:46,320
Speaker 1: It was really all about streaming and kind of subscribing

515
00:28:46,560 --> 00:28:50,520
Speaker 1: um and competing with Netflix, kind of becoming this best

516
00:28:50,600 --> 00:28:52,720
Speaker 1: of both worlds trade for a lot of people, essentially

517
00:28:52,760 --> 00:28:55,840
Speaker 1: the recovery trade, but the theme parks, resorts, cruise lines, etcetera.

518
00:28:56,120 --> 00:28:58,239
Speaker 1: But also this kind of tech element to Disney as

519
00:28:58,240 --> 00:29:00,920
Speaker 1: well with their media arm Then you kind of had

520
00:29:00,960 --> 00:29:03,520
Speaker 1: a series of mythss when it comes to the subscriber

521
00:29:03,600 --> 00:29:06,200
Speaker 1: numbers as well as these COVID outbreaks that you're not

522
00:29:06,280 --> 00:29:08,600
Speaker 1: just seeing in the States but around the world. As well,

523
00:29:08,680 --> 00:29:10,560
Speaker 1: so it is starting to take quite the toll on

524
00:29:10,720 --> 00:29:12,880
Speaker 1: those shares as well as their bottom line as well.

525
00:29:13,400 --> 00:29:16,000
Speaker 1: Then comes Bob Iger this idea that he's going to

526
00:29:16,080 --> 00:29:20,040
Speaker 1: be reinstated as CEO, a major pivot from the board

527
00:29:20,120 --> 00:29:22,560
Speaker 1: in charge as well, Susan Arnold, the chairman, coming out

528
00:29:22,600 --> 00:29:25,240
Speaker 1: and saying she's pretty excited about putting him in charge.

529
00:29:25,480 --> 00:29:27,600
Speaker 1: But remember there are still some barriers here. You have

530
00:29:27,880 --> 00:29:31,600
Speaker 1: a Tryan Nelson Funds is fund management that is actually

531
00:29:31,720 --> 00:29:35,480
Speaker 1: opposing his rehiring, pushing for a board seat instead and

532
00:29:35,800 --> 00:29:38,600
Speaker 1: advocating for more cost cuts as according according to the

533
00:29:38,640 --> 00:29:41,560
Speaker 1: Wall Street Journal. But for now, shares are really appreciating

534
00:29:41,600 --> 00:29:43,680
Speaker 1: that move. Disney shares d I s as your taker,

535
00:29:44,040 --> 00:29:46,240
Speaker 1: up nine and a half percent, and Nathan, this goes

536
00:29:46,360 --> 00:29:49,000
Speaker 1: against the grain here because Natures are down about half

537
00:29:49,040 --> 00:29:51,040
Speaker 1: a percent. So look at some of their peers, though,

538
00:29:51,120 --> 00:29:53,320
Speaker 1: what does this mean for like Netflix? You actually have

539
00:29:53,360 --> 00:29:55,640
Speaker 1: an under performance in its piers, which tells you that

540
00:29:55,760 --> 00:29:59,280
Speaker 1: not only is Disney rising when investors are saying this

541
00:29:59,320 --> 00:30:02,000
Speaker 1: could be bad for competitive landscape. So Netflix shares for

542
00:30:02,080 --> 00:30:04,760
Speaker 1: example n f l X down about nine tenths of

543
00:30:04,800 --> 00:30:08,360
Speaker 1: one percent. Roku for example, are Okay, you those shares

544
00:30:08,440 --> 00:30:10,800
Speaker 1: down one point four percent as well. So these are

545
00:30:10,800 --> 00:30:12,200
Speaker 1: the kind of names that you really want to keep

546
00:30:12,200 --> 00:30:16,360
Speaker 1: an eye on widly follow the developments of this Disney story. Yeah,

547
00:30:16,440 --> 00:30:18,480
Speaker 1: but as far as the broader market goes, we're still

548
00:30:18,520 --> 00:30:21,760
Speaker 1: following developments, I guess on the China story and whether

549
00:30:21,800 --> 00:30:23,800
Speaker 1: they're going to go back at lockdown. Right. And this

550
00:30:23,960 --> 00:30:26,960
Speaker 1: is actually almost feuds perfectly from the Disney story because

551
00:30:26,960 --> 00:30:28,600
Speaker 1: a lot of their kind of bottom line China has

552
00:30:28,720 --> 00:30:31,719
Speaker 1: really been under pressure. Um when we talked about kind

553
00:30:31,720 --> 00:30:34,160
Speaker 1: of their theme parks, the resorts, um. I believe they

554
00:30:34,320 --> 00:30:36,920
Speaker 1: have a Disney World in like Hong Kong or something. Um.

555
00:30:37,080 --> 00:30:39,200
Speaker 1: But yeah, so you are to see Chinese stocks down

556
00:30:39,240 --> 00:30:40,840
Speaker 1: as well. We love to look at our poster child

557
00:30:40,920 --> 00:30:43,400
Speaker 1: here as well. Ali BABA is the ticker there, b

558
00:30:43,640 --> 00:30:46,440
Speaker 1: A b A is the ticker, and those shares are

559
00:30:46,480 --> 00:30:49,000
Speaker 1: down just about three percent. The idea here being that

560
00:30:49,080 --> 00:30:52,960
Speaker 1: from COVID related deaths, not cases in Beijing, may tell

561
00:30:53,040 --> 00:30:55,640
Speaker 1: them to pivot. All right, thanks as always, Boomberg Radio

562
00:30:55,680 --> 00:30:59,040
Speaker 1: and TV Markets correspondent Creaty Gupta. As I said, the

563
00:30:59,240 --> 00:31:03,040
Speaker 1: broader market is moving lower on China concerns. SMP futures

564
00:31:03,040 --> 00:31:05,640
Speaker 1: are down twenty one point, Staff features down seventy nine,

565
00:31:05,720 --> 00:31:10,200
Speaker 1: Nasdaq futures down one points, but Disney shares wow, yeah,

566
00:31:10,240 --> 00:31:12,880
Speaker 1: they are still popping in the pre market up nine

567
00:31:14,000 --> 00:31:17,760
Speaker 1: with Bob Iger making a CEO comeback. You're listening to

568
00:31:17,840 --> 00:31:24,959
Speaker 1: Bloomberg day Break. Bloomberg Sports is brought to you by Audie.

569
00:31:25,040 --> 00:31:26,960
Speaker 1: Don't let someone else drive off in the Audi model.

570
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Speaker 1: You've always wanted to visit your local Tri state Audie

571
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Speaker 1: dealer to get behind the wheel of yours today, or

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Speaker 1: visit Audie Offers dot com for more information, markets, headlines

573
00:31:38,000 --> 00:31:40,960
Speaker 1: and breaking news twenty four hours a day at Bloomberg

574
00:31:41,040 --> 00:31:44,440
Speaker 1: dot com, the Bloomberg Business at and at Bloomberg quicktakee

575
00:31:44,560 --> 00:31:53,320
Speaker 1: T He's a Bloomberg Business flash and I'm fair in

576
00:31:53,400 --> 00:31:55,920
Speaker 1: Moscow and futures are lower This morning, we go to

577
00:31:56,000 --> 00:31:58,560
Speaker 1: the first Word breaking news. Dask for today's morning call.

578
00:31:58,720 --> 00:32:02,520
Speaker 1: Here's the Bill Maloney Bill morning, Hey, good morning, Karen.

579
00:32:02,560 --> 00:32:04,440
Speaker 1: That's right. US futures are in the red right now

580
00:32:04,520 --> 00:32:07,320
Speaker 1: at down. Futures down fifty nine points, subs drop eighteen,

581
00:32:07,520 --> 00:32:11,320
Speaker 1: n NASDA futures declined by eight one. The US ten

582
00:32:11,400 --> 00:32:13,760
Speaker 1: year old at three point eight three percent, Gold is

583
00:32:13,840 --> 00:32:16,720
Speaker 1: down ten oil is trading lower, and bitcoin is off

584
00:32:16,800 --> 00:32:19,680
Speaker 1: by one percent. Hong Kong fell one point nine percent

585
00:32:19,800 --> 00:32:23,160
Speaker 1: overnight and made concerns China may tighten COVID curves and

586
00:32:23,280 --> 00:32:26,080
Speaker 1: European markets are also trading in the rid this morning.

587
00:32:26,360 --> 00:32:29,200
Speaker 1: Back in the US on the economic Fronday thirty, Chicago Fed,

588
00:32:29,560 --> 00:32:31,960
Speaker 1: and in the crypto space, f t x owes the

589
00:32:32,040 --> 00:32:36,160
Speaker 1: fifty biggest creditors or unsecure creditors three point one billion.

590
00:32:36,600 --> 00:32:39,560
Speaker 1: In other news, Disney brought back Bob Iger as CEO

591
00:32:39,680 --> 00:32:42,840
Speaker 1: and fired Bob Japeck shows her up nine percent in

592
00:32:42,920 --> 00:32:45,280
Speaker 1: the pre market, and the Fed's BOSSI said the FED

593
00:32:45,480 --> 00:32:48,600
Speaker 1: should end its hiking cycle after seventy five to a

594
00:32:48,720 --> 00:32:52,520
Speaker 1: hundred basis points of further tightening. Wrapping things up, Planes

595
00:32:52,520 --> 00:32:54,720
Speaker 1: All American was cut to neutral at JP Morgan Co

596
00:32:54,800 --> 00:32:58,160
Speaker 1: America raised outperform at Raymond James, and Conago was cut

597
00:32:58,240 --> 00:33:01,400
Speaker 1: to sell well Red Stop Chin Live from the first

598
00:33:01,520 --> 00:33:04,600
Speaker 1: breaking news tescom Bill Maloney, care all right, Phil, thank

599
00:33:04,640 --> 00:33:07,160
Speaker 1: you and your live breaking news of your Bloomberg type

600
00:33:07,200 --> 00:33:10,080
Speaker 1: squawk on your terminal s qu a w K. This

601
00:33:10,280 --> 00:33:12,840
Speaker 1: update brought to you by se I. Imagine your asset

602
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Speaker 1: management firms operational infrastructure as a competitive advantage. Let see

603
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Speaker 1: I show you how at s C I C dot

604
00:33:19,040 --> 00:33:21,640
Speaker 1: com slash I m s. And we're also watching this

605
00:33:21,760 --> 00:33:26,640
Speaker 1: headline crossing the Bloomberg marked by Immago Biosciences for thirty

606
00:33:26,760 --> 00:33:30,040
Speaker 1: six dollars a share in cash and as a Bloomberg

607
00:33:30,120 --> 00:33:32,480
Speaker 1: business flash now here smuaele bar with Moore on what's

608
00:33:32,520 --> 00:33:35,200
Speaker 1: going on around the world, Michael Karen, thank you very much.

609
00:33:35,240 --> 00:33:37,600
Speaker 1: Police was searching for a motive after a twenty two

610
00:33:37,680 --> 00:33:41,160
Speaker 1: year old man opened fire and Again nightclub in Colorado

611
00:33:41,280 --> 00:33:44,640
Speaker 1: Springs over the weekend. Five people were killed and twenty

612
00:33:44,680 --> 00:33:47,920
Speaker 1: five people were injured in the shooting, local officials saying

613
00:33:47,960 --> 00:33:51,240
Speaker 1: the heroic actions of a few patrons who subdued the

614
00:33:51,320 --> 00:33:55,040
Speaker 1: gunman saved lives. At least forty six people were killed

615
00:33:55,080 --> 00:33:58,200
Speaker 1: and about seven hundred others were injured. In Indonesia after

616
00:33:58,320 --> 00:34:01,640
Speaker 1: a five point six magnitude earthquakes shook the Western Java

617
00:34:01,720 --> 00:34:05,840
Speaker 1: region today, in the NFL, the Giants lost, the Patriots

618
00:34:05,880 --> 00:34:09,480
Speaker 1: beat the Jets ten three on the last second punt return.

619
00:34:10,000 --> 00:34:13,120
Speaker 1: The Ravens and Commanders were also winners. In the NBA,

620
00:34:13,280 --> 00:34:15,560
Speaker 1: Kyrie Irving returned to the Nets, says they beat the

621
00:34:15,600 --> 00:34:20,640
Speaker 1: Grizzlies on the Knicks lost the Wizards and Warriors one.

622
00:34:20,920 --> 00:34:23,920
Speaker 1: In soccer, the US plays Wales in the World Cup. Today.

623
00:34:24,280 --> 00:34:26,719
Speaker 1: Global News twenty four hours a day on air and

624
00:34:26,880 --> 00:34:30,120
Speaker 1: on Bloomberg Quick Tank, powered by more than seven under

625
00:34:30,200 --> 00:34:32,960
Speaker 1: journalist and analysts more than a hundred twenty countries. I'm

626
00:34:33,040 --> 00:34:36,719
Speaker 1: Michael Barr, and this is Bloomberg. Karen right, Mcolbar. Thank

627
00:34:36,760 --> 00:34:38,640
Speaker 1: you at A sixty nine out of Wall Street, and

628
00:34:38,719 --> 00:34:41,000
Speaker 1: we turned to news and science and technology now with

629
00:34:41,080 --> 00:34:44,120
Speaker 1: the Bloomberg and j I T. Stemmer Report brought to

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Speaker 1: you buy New Jersey Institute of Technology, and j I

631
00:34:47,160 --> 00:34:49,640
Speaker 1: T has joined with McKinsey and Company to establish a

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Speaker 1: mckensey Digital Capability Center specializing in biopharma manufacturing. Learn more

633
00:34:55,320 --> 00:34:57,400
Speaker 1: at n j I T dot E d U And

634
00:34:57,440 --> 00:35:00,680
Speaker 1: here's just making news and science, Technology, engineer, ring and map.

635
00:35:01,320 --> 00:35:06,080
Speaker 1: The southern Chinese metropolis of dang Zoe lockdown its largest

636
00:35:06,239 --> 00:35:08,600
Speaker 1: district as it tries to tamp down a major COVID

637
00:35:08,719 --> 00:35:12,439
Speaker 1: nineteen outbreak. The outbreak is testing China's attempt to bring

638
00:35:12,520 --> 00:35:15,600
Speaker 1: a more targeted approach to its zero COVID policies while

639
00:35:15,600 --> 00:35:20,239
Speaker 1: facing multiple outbreaks driven by fast spreading omicron variants. China

640
00:35:20,360 --> 00:35:22,359
Speaker 1: is the only major country in the world still trying

641
00:35:22,360 --> 00:35:26,640
Speaker 1: to curb virus transmissions through strict lockdown measures and mass testing.

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00:35:27,160 --> 00:35:30,080
Speaker 1: New court papers show sam Bang Ban freed it's bankrupt,

643
00:35:30,200 --> 00:35:34,080
Speaker 1: FTX owes its fifty biggest unsecured creditors a total of

644
00:35:34,160 --> 00:35:36,960
Speaker 1: three point one billion dollars at least a hundred million

645
00:35:37,040 --> 00:35:40,520
Speaker 1: dollars is oh to twenty of its creditors, and Tesla

646
00:35:40,680 --> 00:35:43,400
Speaker 1: recalling more than three hundred thousand vehicles in the US

647
00:35:43,560 --> 00:35:47,080
Speaker 1: because a software glitch can make tail lights go off intermittently,

648
00:35:47,640 --> 00:35:50,000
Speaker 1: Tesla said, and documents posted over the weekend by the

649
00:35:50,120 --> 00:35:53,440
Speaker 1: U S National Highway Traffic Safety Administration that the glitch

650
00:35:53,880 --> 00:35:56,839
Speaker 1: may affect one or both tailights on certain Model three

651
00:35:56,960 --> 00:35:59,840
Speaker 1: and Model Live vehicles. The automaker said it is releasing

652
00:36:00,120 --> 00:36:03,560
Speaker 1: online software update that will fix the problem, and a

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00:36:03,640 --> 00:36:07,360
Speaker 1: said Bloomberg and j I T Stem report Nathan Okay, Karen,

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00:36:07,440 --> 00:36:09,880
Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers

655
00:36:09,880 --> 00:36:12,480
Speaker 1: studios or at six fifty one on Wall Street Time

656
00:36:12,520 --> 00:36:14,719
Speaker 1: Now to check what's going on in DC. Some of

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00:36:14,760 --> 00:36:17,080
Speaker 1: The top stories in our nation's capital include a new

658
00:36:17,239 --> 00:36:21,120
Speaker 1: special counsel running the investigations into former President Donald Trump.

659
00:36:21,520 --> 00:36:24,520
Speaker 1: Former Vice President Mike Pence tells NBC's Meet the Press

660
00:36:24,640 --> 00:36:29,400
Speaker 1: the Justice Department needs to tread carefully. I don't know

661
00:36:30,120 --> 00:36:35,560
Speaker 1: if it is criminal to listen to bad advice from lawyer,

662
00:36:35,640 --> 00:36:37,759
Speaker 1: but some Republicans think the party may be ready to

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00:36:37,840 --> 00:36:40,800
Speaker 1: move on from the former president, including former House Speaker

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Speaker 1: Paul Ryan. It's pretty clear as with Trump, we lose.

665
00:36:44,239 --> 00:36:47,040
Speaker 1: So I don't mean this personally, it's just it's just evidence.

666
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Speaker 1: We lost the House in eighteen, we lost the presidency

667
00:36:49,719 --> 00:36:51,839
Speaker 1: in twenty, we lost the Senate in twenty and now

668
00:36:53,280 --> 00:36:55,800
Speaker 1: we should have and could have won the Senate we didn't.

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Speaker 1: Former Speaker Paul Ryan was on ABC's This Week, also

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00:36:59,400 --> 00:37:03,480
Speaker 1: making news, Elon Musk reinstating former President Trump on Twitter.

671
00:37:03,760 --> 00:37:07,839
Speaker 1: Bad idea, says Democrat Adam Schiff, especially after January six,

672
00:37:08,040 --> 00:37:10,839
Speaker 1: he showed no remorse about that. He continues to lie

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00:37:10,920 --> 00:37:14,040
Speaker 1: about his actions on that day. He talks about partnering

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00:37:14,120 --> 00:37:16,760
Speaker 1: the people who attack police officers and attack the capital

675
00:37:16,840 --> 00:37:20,239
Speaker 1: that day. Uh and it contradicts what Elon Musk said

676
00:37:20,400 --> 00:37:23,000
Speaker 1: that he was going to establish a council to evaluate this.

677
00:37:23,160 --> 00:37:25,799
Speaker 1: Congressman shift was also on this week and on Fox

678
00:37:25,920 --> 00:37:28,279
Speaker 1: New Sunday to u S. Senators came out with a

679
00:37:28,440 --> 00:37:31,960
Speaker 1: learning about TikTok. Republican Tom Cotton TikTok, it's one of

680
00:37:32,000 --> 00:37:36,200
Speaker 1: the most massive surveillance programs ever, especially on America's young people.

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00:37:36,320 --> 00:37:39,160
Speaker 1: And Democrat Mark Warner. So if you're a parent and

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00:37:39,200 --> 00:37:41,520
Speaker 1: you've got a kid on TikTok, I would be very

683
00:37:41,600 --> 00:37:44,480
Speaker 1: very concerned. Fox News Sunday this week and Meet the

684
00:37:44,520 --> 00:37:47,040
Speaker 1: Press can all be heard every Sunday right here on

685
00:37:47,120 --> 00:37:49,840
Speaker 1: Bloomberg Radio. And for more, we're joined by Bloomberg Government

686
00:37:49,880 --> 00:37:53,720
Speaker 1: reporter Emily Wilkins. Uh. Let's start off with what's happening

687
00:37:53,800 --> 00:37:59,160
Speaker 1: now in the presidential race. Emily, as this special council

688
00:37:59,160 --> 00:38:04,240
Speaker 1: announcement need to make any ripples. So I think, Nathan,

689
00:38:04,440 --> 00:38:07,560
Speaker 1: what's really has made ripples was really not in people talking.

690
00:38:07,960 --> 00:38:11,160
Speaker 1: It's just more about how Republicans fell so far short

691
00:38:11,239 --> 00:38:14,560
Speaker 1: of what they were expecting on election Day. They expected

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00:38:14,600 --> 00:38:16,719
Speaker 1: to make the Senate, they expected to have a clear

693
00:38:16,840 --> 00:38:19,120
Speaker 1: majority in the House. Instead, we had to wait weeks

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00:38:19,200 --> 00:38:22,279
Speaker 1: for them to actually say that Republicans had won the

695
00:38:22,320 --> 00:38:25,640
Speaker 1: House because their margins are so small, and that's leading

696
00:38:25,760 --> 00:38:28,600
Speaker 1: more and more individuals within the Republican Party to call

697
00:38:28,680 --> 00:38:31,279
Speaker 1: for a moving away for Trump. Obviously, we just heard

698
00:38:31,360 --> 00:38:34,160
Speaker 1: that clip from former Speaker Paul Ryan. We heard something

699
00:38:34,239 --> 00:38:37,760
Speaker 1: similar over the weekend from former New Jersey Governor Chris Christie,

700
00:38:38,360 --> 00:38:40,880
Speaker 1: who advocated that the party moved away from the Trump

701
00:38:40,960 --> 00:38:44,279
Speaker 1: at a speech at the Republican Jewish Coalition meeting in

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00:38:44,440 --> 00:38:46,880
Speaker 1: Las Vegas, and that one had a number of potential

703
00:38:47,640 --> 00:38:51,480
Speaker 1: four candidates Christie included, but Ron de Santis was also there.

704
00:38:51,920 --> 00:38:55,040
Speaker 1: He didn't talk about four, he didn't talk about Trump,

705
00:38:55,120 --> 00:38:58,319
Speaker 1: but he hinted at a potential run, saying we've got

706
00:38:58,360 --> 00:39:00,319
Speaker 1: a lot more to do and that he is only

707
00:39:00,400 --> 00:39:03,160
Speaker 1: begun to fight. Trump of course, also gave a speech

708
00:39:03,280 --> 00:39:06,160
Speaker 1: at the event, houting that the Republican Party had grown

709
00:39:06,640 --> 00:39:10,480
Speaker 1: under his time as President um and really at this point, though,

710
00:39:10,680 --> 00:39:13,600
Speaker 1: I think that the chairman for the Republican Jewish Coalition,

711
00:39:13,800 --> 00:39:16,640
Speaker 1: Norm Coleman, really summed it up when he said that,

712
00:39:16,760 --> 00:39:18,759
Speaker 1: you know, Trump might still be the dominant force in

713
00:39:18,800 --> 00:39:21,600
Speaker 1: the Republican Party, but this group is looking at all

714
00:39:21,760 --> 00:39:24,360
Speaker 1: candidates for the next two years. When they're trying to

715
00:39:24,400 --> 00:39:27,240
Speaker 1: figure out who to endorse. So what are we looking

716
00:39:27,360 --> 00:39:31,920
Speaker 1: at in terms of a contested GOP primary. Is this

717
00:39:32,000 --> 00:39:34,960
Speaker 1: gonna be a wide open field? Or could former President

718
00:39:35,000 --> 00:39:38,359
Speaker 1: Trump do like he did four years ago and race

719
00:39:38,440 --> 00:39:41,440
Speaker 1: ahead of the pack. I mean, at this point, the

720
00:39:41,520 --> 00:39:44,280
Speaker 1: momentum does seem to be for a wide open field.

721
00:39:44,440 --> 00:39:47,320
Speaker 1: You've seen this scantists do quite well in recent pulling

722
00:39:47,400 --> 00:39:49,960
Speaker 1: up against Trump. And of course, remember there are plenty

723
00:39:50,000 --> 00:39:52,879
Speaker 1: of potential candidates that we could be talking about here,

724
00:39:53,400 --> 00:39:56,480
Speaker 1: Christie Noman in South Dakota and Nicki Haley at the

725
00:39:56,520 --> 00:39:59,799
Speaker 1: former governor who had They haven't really dropped their hat

726
00:40:00,000 --> 00:40:02,000
Speaker 1: of the race yet. We haven't really heard a lot

727
00:40:02,160 --> 00:40:04,919
Speaker 1: from them, but certainly within the next couple of months

728
00:40:05,040 --> 00:40:07,160
Speaker 1: the next year, they could really start revving up their

729
00:40:07,200 --> 00:40:09,680
Speaker 1: campaigns and they could you know, we have a lot

730
00:40:09,760 --> 00:40:11,880
Speaker 1: more into the spotlight. I always think about, you know

731
00:40:12,000 --> 00:40:17,000
Speaker 1: how this time deal for the election and the election

732
00:40:17,360 --> 00:40:20,480
Speaker 1: everyone was looking at a completely different candidates than who

733
00:40:20,560 --> 00:40:23,919
Speaker 1: eventually wound up becoming the two nominees. So we still

734
00:40:24,040 --> 00:40:26,240
Speaker 1: have to have a long way to go. Yeah, certainly

735
00:40:26,400 --> 00:40:30,520
Speaker 1: do interesting as well to hear that sort of bipartisan

736
00:40:30,600 --> 00:40:34,800
Speaker 1: agreement on the Sunday Shows about taking a tough stance

737
00:40:34,880 --> 00:40:38,560
Speaker 1: against TikTok, even as we're starting to see at least

738
00:40:38,800 --> 00:40:41,800
Speaker 1: the hints of a thought between the US and China

739
00:40:41,960 --> 00:40:45,840
Speaker 1: after President Biden's meeting with President She Yeah, well, China

740
00:40:45,920 --> 00:40:48,439
Speaker 1: really doesn't mean one of the very few areas where

741
00:40:48,480 --> 00:40:51,239
Speaker 1: you see a lot of agreement between Democrats and Republicans,

742
00:40:51,560 --> 00:40:54,000
Speaker 1: a lot of China hawks and both parties, a lot

743
00:40:54,080 --> 00:40:56,719
Speaker 1: of them who believe that, you know, China's overstepped and

744
00:40:56,840 --> 00:40:59,480
Speaker 1: that the US needs to really take some measures to

745
00:40:59,560 --> 00:41:03,200
Speaker 1: boost national security. But TikTok is really the one that

746
00:41:03,440 --> 00:41:06,640
Speaker 1: that we're looking at right now. Um. The Brian administration

747
00:41:06,760 --> 00:41:09,640
Speaker 1: is seeking a security agreement with TikTok to ensure that

748
00:41:09,719 --> 00:41:12,960
Speaker 1: only TikTok staff in the US have access to sensitive

749
00:41:13,040 --> 00:41:16,440
Speaker 1: data from US users. Uh. You've heard the head of

750
00:41:16,480 --> 00:41:18,719
Speaker 1: TikTok talk a little bit more about this, saying that

751
00:41:18,840 --> 00:41:21,799
Speaker 1: it's a pretty expensive program to put together, but they're

752
00:41:21,840 --> 00:41:24,680
Speaker 1: doing so because they're worried about the concerns of American

753
00:41:24,760 --> 00:41:29,359
Speaker 1: officials and about TikTok losing access to its US audience. UM.

754
00:41:29,520 --> 00:41:31,520
Speaker 1: At the same time, though you have a number of

755
00:41:32,000 --> 00:41:35,880
Speaker 1: individuals who have shown skepticism, including one Democratic senator and

756
00:41:35,960 --> 00:41:39,200
Speaker 1: one Republican senator that have issued a warning about TikTok

757
00:41:39,440 --> 00:41:42,120
Speaker 1: and the security risk that it poses. You also have

758
00:41:42,239 --> 00:41:46,440
Speaker 1: Senator Marco Rubio and Congressman Ryan Gallagher being prepared to

759
00:41:46,560 --> 00:41:50,960
Speaker 1: introduce legislation that would ban UH TikTok in the US.

760
00:41:51,480 --> 00:41:53,520
Speaker 1: So certainly this is something where the parties they're not

761
00:41:53,640 --> 00:41:55,719
Speaker 1: quite on the same page, but there is a lot

762
00:41:55,760 --> 00:41:58,120
Speaker 1: of momentum into looking into this, and I think it

763
00:41:58,200 --> 00:42:02,160
Speaker 1: does speak to larger tensions between the US and China

764
00:42:02,400 --> 00:42:05,719
Speaker 1: even as you are seeing that relationship thoughts. You you

765
00:42:05,840 --> 00:42:09,000
Speaker 1: mentioned Nathan that Biden and she Um they met the

766
00:42:09,080 --> 00:42:12,319
Speaker 1: other week, they had a chat. Things would pretty well

767
00:42:12,360 --> 00:42:14,960
Speaker 1: as far as trying to, you know, remove some of

768
00:42:15,000 --> 00:42:16,960
Speaker 1: the tensions. And now you're going to see the U

769
00:42:17,120 --> 00:42:19,960
Speaker 1: s and Chinese defense chiefs meet uh this week in

770
00:42:20,040 --> 00:42:24,359
Speaker 1: Cambodia for their first talk since Beijing suspended dialogue over

771
00:42:24,440 --> 00:42:28,160
Speaker 1: speaker Nancy Pelosi's visits to Taiwan. Alright, Bloomberg government reporter

772
00:42:28,239 --> 00:42:31,239
Speaker 1: Emily Wilkins, keeping us off top of everything happening in

773
00:42:31,440 --> 00:42:34,080
Speaker 1: the nation's capital. I want to keep you on top

774
00:42:34,120 --> 00:42:36,120
Speaker 1: of what's happening with Disney shares this morning? They are

775
00:42:36,200 --> 00:42:39,399
Speaker 1: up nine point two percent with Bob Eiger coming back.

776
00:42:39,440 --> 00:42:42,560
Speaker 1: We'll have much more on Bloomberg surveillance. That's next with

777
00:42:42,680 --> 00:42:45,640
Speaker 1: Tom King, Jonathan Pharaoh, and Lisa Bramowitz for Karen Moscow.

778
00:42:45,760 --> 00:42:49,120
Speaker 1: I'm Nathan Hager, and this is Bloomberg