Speaker 1: Live from the Bloomberg Interactive Brooker Studios. Is this Bloomberg
Speaker 1: Gay Break for Monday, November twenty one? Coming up this hour,
Speaker 1: Bob Iger is back as CEO of Disney and shares
Speaker 1: sore on the news. First Donald Trump now Elon Musk
Speaker 1: invites Kanye West back on Twitter. More signs of tensions
Speaker 1: easing between the US and China, and stocks drop on
Speaker 1: concerned Beijing make Titan COVID restrictions. New York Governor Hulkel
Speaker 1: reacts to the deadly shooting at a gay bar in
Speaker 1: Colorado Springs. Plus, Buffalo begins digging out of a historic snowstorm.
Speaker 1: I'm Michael barn More ahead, I'm John stand and sports
Speaker 1: a heartbreaking loss for the Jets. The Giants and Knicks
Speaker 1: both lost. A win for Kyrie Irving and the Nets.
Speaker 1: That's all s training ahead on Bloomberg day Break on
Speaker 1: Bloomberg Elving Free on New York, Bloomberg one, Washington, d C,
Speaker 1: Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco,
Speaker 1: Syrius XM one nine Team, and around the world the
Speaker 1: Bloomberg Radio Dot Carmen via the Bloomberg Business app. Hey
Speaker 1: good morning. I'm Nathan Hagar and I'm Karen Moss Galloway.
Speaker 1: Do you buy stock? Index futures are lower this morning.
Speaker 1: We are coming up to six oh one on Wall Street.
Speaker 1: I'm go check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg SNP Future is down twenty two
Speaker 1: points this morning. Down Future is down eight seven. Nasdaq
Speaker 1: futures down ninety. The decks in Germany's down six tenths
Speaker 1: of a percent, Cap in Paris down two tenths of
Speaker 1: upper cent, and the foot see one hundred is little changed,
Speaker 1: and your treasury up one thirty second deal three point
Speaker 1: two percent. That yield on the two year four point
Speaker 1: five three percent. Nine Max Screwed Oil is down half
Speaker 1: percent or thirty eight cents at seventy nine seventy cents
Speaker 1: of barrel, and Comex School down six tenths per cent
Speaker 1: or eleven dollars twenty cents. It's seventeen fifty seven eighty,
Speaker 1: announced Nathan, Well, Karen. We begin with a major changing
Speaker 1: of the guard at Disney. A familiar face is coming
Speaker 1: back to leave the company. We get the story from
Speaker 1: Bloomberg's dog Prisoner Disney Sports says Bob Apeck is out
Speaker 1: and he's being replaced by his predecessor, Robert Iger. Iger
Speaker 1: will serve as CEO for two years. His mandate is
Speaker 1: to set the strategic direction for renewed growth and to
Speaker 1: work closely with the board in developing a successor to
Speaker 1: lead Disney. At the completion of his term, the board
Speaker 1: did thank j Pick for his service, including navigating the
Speaker 1: company through the pandemic. Iger's position as chairman is unchanged.
Speaker 1: In New York, I'm Doug Christener, Bloomberg Daybreak. All right, Dyke,
Speaker 1: thank you well. Shares a Disney or up almost eight
Speaker 1: percent this morning. One other note on Disney, The Wall
Speaker 1: Street Journal reporting activist investor Nelson Pelts is opposing the
Speaker 1: return of Igor as Disney CEO. The paper says Peltz's firm,
Speaker 1: Trium Fund Management, acquired a stake worth over eight hundred
Speaker 1: million dollars in Disney this month. In other corporate news
Speaker 1: this morning, Karen, the turmoil at Twitter continues. Sources say
Speaker 1: there may be more employee layoffs coming this week. Bloomberg
Speaker 1: said Baxter Awards. It is causing some concern among legislators.
Speaker 1: This talk, along with Donald Trump being reinstated. Has Congressmen
Speaker 1: Adam Schiff on ABC has heard on Bloomberg say the
Speaker 1: Twitter melt out and Elon Musk need to be looked at.
Speaker 1: It just underscores the the erratic leadership of Twitter now
Speaker 1: under Musk, but also the security concerns with security people
Speaker 1: fleeing Twitter and what that means for the protection of
Speaker 1: Americans private data. As Chef saying that it goes against
Speaker 1: everything Musk has said about setting up monitoring committees in
Speaker 1: San Francisco. I'm at Baxter Bloomberg Daybreak, all right and
Speaker 1: thank you. And a few days after reinstating former President
Speaker 1: Trump on Twitter, Elon Muska is welcome back Yea. The
Speaker 1: artists formerly known as Kanye West had been suspended from
Speaker 1: Twitter for two weeks because of an anti Semitic tweet.
Speaker 1: Turning to markets now, Karen, it is a shortened trading
Speaker 1: week because of Thanksgiving, and the week is kicking off
Speaker 1: with losses in Asia. Let's get the recap from Bloomberg's
Speaker 1: Annabelle Druelers in Hong Kong. Good morning, Innabelle, Good morning Karen,
Speaker 1: and Nathan training Sentiment Asia on Monday. It really took
Speaker 1: a hit from what was happening in China, So essentially
Speaker 1: over the week end we saw the first COVID related
Speaker 1: deaths there in months, and then that led to further
Speaker 1: concern that officials would start to back away from this
Speaker 1: possible easing of COVID zero restrictions. So as a result,
Speaker 1: we did see China shares sailing off, and then that
Speaker 1: really hit sentiment across the board in Asia, including in
Speaker 1: markets like Korea, with the Korean one, for instance, slumping
Speaker 1: more than one percent against the dollar. With this retreat
Speaker 1: back into safe haven's like the green back and treasuries
Speaker 1: in Hong Kong. I'm annabel Ruler's Bloomberg Daybreak. All right, Annabelle,
Speaker 1: thank you well. I'm the geopolitical front word this morning
Speaker 1: at the defense chiefs from the US and China willlikely
Speaker 1: need for their first starcks in months. Amy Morris has
Speaker 1: details from oorrow Bloomberg newsroom in Washington. Beijing suspended dialogue
Speaker 1: with Washington over House Speaker Nancy Pelosi's visit to Taiwan
Speaker 1: back in August. Talk of a meeting between Defense Secretary
Speaker 1: Lloyd Austin and China Defense Minister Wave fun Her is
Speaker 1: just the latest scigned ties between the U S and
Speaker 1: China are starting to thaw. This after Chinese President she
Speaker 1: Jin Ping's recent meetings with President Biden and Vice President Harris,
Speaker 1: during which she emphasized more communication is needed. Biden officials
Speaker 1: have repeatedly called for guardrails to prevent tensions from getting
Speaker 1: out of hand in Washington. I maybe more as Bloomberg Daybreak,
Speaker 1: all right, Amy, thanks, Larry Summers is speaking out about
Speaker 1: US China relations. The former Treasury Secretary's warning US policymakers
Speaker 1: to focus on building the country's own economic strengths and
Speaker 1: its contest with China rather than on attacking its adversary.
Speaker 1: We in the United States probably need to be careful
Speaker 1: about our evangelizing influence. I don't think it's really for
Speaker 1: us to tell China how they should organize their entire society.
Speaker 1: Former Treasury Secretary Larry Summers made the comments on Bloomberg's
Speaker 1: Wall Street Week with David Weston. Catch the program Fridays
Speaker 1: at six pm Eastern on Bloomberg Radio and television, also
Speaker 1: on your favorite podcast platforms. Well in Washington this week,
Speaker 1: Nathan Clues from the feed our front and center again.
Speaker 1: The Central Bank issues minutes from its latest policy meeting
Speaker 1: just ahead at the Thanksgiving and Bloombery's Vinetal Judas has
Speaker 1: a preview. Fed officials lifted the benchmark interest rate by
Speaker 1: another hefty seventy five basis points at this month's policy
Speaker 1: session as they wage warrant inflation. The minutes that for
Speaker 1: release Wednesday could spell out details of the deliberations and
Speaker 1: what lies ahead. On Wall Street, there's broad consensus the
Speaker 1: federal raised the benchmark rat to about four point five
Speaker 1: percent next month, and then to around five percent early
Speaker 1: next year. There's also a full schedule of economic data
Speaker 1: this week for manufacturing to no home sales, and consumer
Speaker 1: sentiment numbers that should point the lackluster economic activity they
Speaker 1: eat out Judas boom birthday break Okay, Vinny, thanks And
Speaker 1: as we head into the holiday, investors are asking whether
Speaker 1: or not the bear market is over Well. Goldman Sachs
Speaker 1: says no. In fact, the firm strategists say the bear
Speaker 1: market will likely last through next year. Goldman predicts the
Speaker 1: SMP five hundred will end next year at four thousand points.
Speaker 1: That's just nine tenths of a percent higher than Friday's close. Well,
Speaker 1: futures are lower this morning. Nathan Us in futures down
Speaker 1: twenty one points down, futures down eighties seven, and now'day
Speaker 1: futures are down eighties six. The ten year treasury up
Speaker 1: one thirty second three point two percent of the yield
Speaker 1: in the two year four point five three percent. Straight ahead,
Speaker 1: your latest local headlines, plus a check of sports, and
Speaker 1: this is Bloomberg. Thank you. Carring at six oh seven
Speaker 1: on Wall St. Seven degrees in Central Park. Gotta crash
Speaker 1: westbound b QUE at the Williamsburg Bridge. We'll tell you
Speaker 1: about in traffic. First, Michael Barr has more on let's
Speaker 1: going on in New York and around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. We're learning more about the suspect and
Speaker 1: the deadly shooting at an lgbt Q night club in
Speaker 1: Colorado Springs. Anderson leold Rich is in police custody. Last year,
Speaker 1: police were called to his mother's address on a report
Speaker 1: of a bomb and firearms threat. The weekend shooting left
Speaker 1: at least five people dead and more than two dozen
Speaker 1: others wounded. Colorado Springs Police Chief Adrian Vasquez says to
Speaker 1: club patrons subdued the gunman before more people could be killed.
Speaker 1: I hate to even venture a guess how many people
Speaker 1: could have been killed or injured beyond those already killed
Speaker 1: or injured. Truly heroes, those two chief, says. Authorities are
Speaker 1: studying old Ridge's social media posts trying to learn a
Speaker 1: motive for the mass shooting. Meanwhile, New York Governor Kathy
Speaker 1: Hokel is reacting to the deadly Colorado spring shooting. New
Speaker 1: York this is personal. This is the home of the
Speaker 1: lgbt Q movement. We have many, many friends who are
Speaker 1: now just devastated and concerned for their own safety. Governor
Speaker 1: Hokel says New York State Police will be increasing surveillance
Speaker 1: and protection for communities at risk of hate crimes. HOCl
Speaker 1: says two men were arrested over the weekend for threatening
Speaker 1: the Jewish community in New York City. The Buffalo area
Speaker 1: is digging out from a historic snowstorm. Western New York
Speaker 1: was clumbered by the Lake Effects snow. This woman who
Speaker 1: lives in Buffalo says the snow is putting up a
Speaker 1: fight against every use of equipment the city is throwing
Speaker 1: at it. The snow is so heavy and so deep
Speaker 1: that even these bulldozers are barely making a damp, and
Speaker 1: the snow removal process. So we see trucks going by
Speaker 1: full of snow, but they're not They're not touching our
Speaker 1: snow yet. Areas like Orchard Park got at least eighty
Speaker 1: inches of snow. The United Nations latest Climate summone in
Speaker 1: Egypt comes to a close after a marathon weekend of negotiations.
Speaker 1: There was one major breakthrough with cop and agreement by
Speaker 1: the world's developed nations to provide a fund for so
Speaker 1: called loss and damage to the poor and vulnerable nations
Speaker 1: most impacted by climate change. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quick Tank, powered
Speaker 1: by more than twenty seven under journalist and analysts more
Speaker 1: than twenty countries. I'm Michael Barr, and this is Bloomberg Nathan.
Speaker 1: Thank you Michael six o nine on All Street time
Speaker 1: for the Bloomberge Sports up. They brought to you by
Speaker 1: Dry stayed out here with John Stash. All right, Nathan
Speaker 1: has been such a surprisingly good football season in New York.
Speaker 1: Until yesterday, the Giants had been winning. His underdogs. They
Speaker 1: lost as a favorite at MetLife to Trice. Jamal Williams
Speaker 1: scored three straight touchdowns. Lions went from down six three
Speaker 1: to up twenty four to six. They beat the Giants
Speaker 1: thirty one to eighteen. Quiet day for sake, Kwon Barkley
Speaker 1: on the twenty two rushing yards and Daniel Jones, who
Speaker 1: hadn't been intercepted since Week three, got picked off twice. Meanwhile,
Speaker 1: the three other teams in the NFC East all one
Speaker 1: Philadelphia now nine and one Dallas one forty three at
Speaker 1: Minnesota and the Cowboys are like the Giants seven of three,
Speaker 1: and the two teams play Thursday in Dallas. Washington won
Speaker 1: as well as for the Jets with a win in
Speaker 1: New England, they be in first place this late in
Speaker 1: the season for the first time twenty ten, and certainly
Speaker 1: looked like they were headed to overtime until the Jets
Speaker 1: tenth punk to the day staff waste time, pressure free
Speaker 1: punt and it's a good one to sing. Jones to
Speaker 1: back pedal right side to sixteen stabbed dressers under seven.
Speaker 1: The Twitter star Curt thanks you. It's ready to the call.
Speaker 1: The game winning eighty four yard point returned by rookie
Speaker 1: Marcus Jones, first point returned to touchdown in the NFL
Speaker 1: this season. It came with five seconds left. That's one
Speaker 1: ten three. They've now beating the Jets sport teens three
Speaker 1: time Nicks lost in Phoenix one sixteive or two and
Speaker 1: two on the road trip at ends tonight at Oklahoma City.
Speaker 1: Next back from their trip beat Memphis once to one fifteen.
Speaker 1: Tymie Irving returned from his suspension two o'clock today and
Speaker 1: kits are It's the US versus Wales and the World Cup.
Speaker 1: John Stashoward, Bloomberg Sports, Thank you, John SMP futures down
Speaker 1: down twenty one points down, futures down eighty six nest
Speaker 1: that futures are lower by eighty five points. Tany your
Speaker 1: treasury little changed the yield three point eight to percent,
Speaker 1: Disney shares of eight percent with Bob Iger coming back,
Speaker 1: we get analysis next from Geta Ranganathan, us media analyst
Speaker 1: at Bloomberg in Intelligence. You're listening to Bloomberg day Break.
Speaker 1: Bloomberg Sports Report was brought to you by Autie. Don't
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Speaker 1: Twenty four hours a day at Bloomberg dot com, the
Speaker 1: Bloomberg Business at and at Bloomberg Quicktape. This is a
Speaker 1: Bloomberg business lash. And I'm Karen Moscow stocks are falling
Speaker 1: and the concerned that China Bae Titan COVID curbs after
Speaker 1: a string of reported deaths, with investors seeking shelter in
Speaker 1: the dollar. And we check the markets every fifteen minutes
Speaker 1: throughout the trading day on Bloomberg SMP futures down about
Speaker 1: twenty points this morning, down futures down seventy three, NASTACK
Speaker 1: futures down two the decks in Germany's down more than
Speaker 1: half percent. To your treasury little change all three point
Speaker 1: eight two percent yield on the two year four point
Speaker 1: five two percent. Nine X Screwed oil is down half
Speaker 1: percent or thirty eight cents, and seventy nine seventy cents
Speaker 1: of barrel comics gold down seven ten percent or two
Speaker 1: dollars twenty cents at seventeen fifty six eighty announced the
Speaker 1: euro one zero against a dollar, British pound one point
Speaker 1: one eight one five and the end one forty one
Speaker 1: point seven seven, and bitcoin is down one point one
Speaker 1: percent at about sixteen thousand dollars. We continue to watch
Speaker 1: shares of Walt Disney. They're up more than eight and
Speaker 1: a half percent after it brought back former leader Bob
Speaker 1: Iger as chief executive and as a Bloomberg business flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael Karen, thank you very much. It's
Speaker 1: twenty two year old gunman opened fire with a semi
Speaker 1: automatic rifle inside a gay nightclub in Colorado Springs, killing
Speaker 1: five people in leaving twenty five injured. Authorities say he
Speaker 1: was subdued by heroic patrons and arrested by police who
Speaker 1: arrived within minutes. The FBI continues to work with the
Speaker 1: to host state police combing through the town of Moscow.
Speaker 1: In the quadruple homicide of four University of Idaho students
Speaker 1: staffed to death more than a week ago, authorities are
Speaker 1: still looking for a suspect. In the NFL, the Giants lost,
Speaker 1: the Patriots beat the Jets and three on the last
Speaker 1: second punt return. The Ravens and Commanders were also winners.
Speaker 1: In the NBA, Kyrie Irving returned to the Nets as
Speaker 1: they beat the Grizzlies fift the Knicks lost, the Wizards
Speaker 1: and Warriors won. In soccer, the US plays Whales and
Speaker 1: the World Cup. Today, Global News twenty four hours a
Speaker 1: day on air and on Bloomberg Quicktake, powered by more
Speaker 1: than twenty seven under journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael var and this is Bloomberg NA.
Speaker 1: Thanks Michael. Six nineteen on Wall Street Live from the
Speaker 1: Bloomberg Interactor Broker Studios. This is Bloomberg Daybreak. And speaking
Speaker 1: of returns, Bob Iger's coming back as CEO of the
Speaker 1: Walt Disney Company, replacing Bob Chapeck. We got that word
Speaker 1: overnight and it is sending shares of Disney soaring in
Speaker 1: the pre market. Let's get some analysis now. Gita Ranganathan
Speaker 1: joins this US media analyst at Bloomberg Intelligence. So I'll
Speaker 1: put the question right to you. Get to your reaction.
Speaker 1: Oh my goodness, Oh boy, was this a surprise. I
Speaker 1: mean really kind of a board from the blue, considering
Speaker 1: that they had just renewed Bob Chapex contract and it
Speaker 1: was going through. But I guess the last earnings report,
Speaker 1: which was the fiscal four key earnings report, was very,
Speaker 1: very disappointing across the board for investors, and I think
Speaker 1: that is what has prompted this move. How much of
Speaker 1: a change could we see from Bob Iger coming back
Speaker 1: given that Bob Speck was his handpicked successor. Yes, so
Speaker 1: it's kind of been a really tumultuous period I think
Speaker 1: for Bob chapec. Um, I mean, I mean he has
Speaker 1: really kind of garnered criticism for for so many things. Right,
Speaker 1: there's been it's not just the running of business, and
Speaker 1: there have been some unpopular business decisions, but there have
Speaker 1: been some public relations missteps, there have been political controversy.
Speaker 1: So obviously Bob Eiger is here to write that ship.
Speaker 1: But on the business front, Um, I mean, I think
Speaker 1: one of the things that kind of really spooked investors
Speaker 1: was just their guidance for next year and it was
Speaker 1: really really very very gloomy because we were expecting operating
Speaker 1: profits to increase by about twenty and they kind of
Speaker 1: guided to about nine. Obviously, costs are a problem. There's
Speaker 1: a problem with the legacy TV business, and then you
Speaker 1: know parks and again growing costs in that area. So
Speaker 1: Bob Eiger obviously has his work cut out for him. Yeah,
Speaker 1: I was gonna say, given the overall economic backdrop. I
Speaker 1: mean a lot of those cost concerns are being shared
Speaker 1: not just by Disney, but across the entertainment landscape, aren't they. Oh? Absolutely,
Speaker 1: And you know, I would argue that in many ways,
Speaker 1: Eiger is the best man for the job. He has
Speaker 1: kind of guided he has Naviga to the company for
Speaker 1: fifteen years as CEO. He's obviously been through this period
Speaker 1: of you know, recessions. He knows exactly what to do,
Speaker 1: and in many ways he has unfinished business here because, um,
Speaker 1: you know, this is what he started. He started this
Speaker 1: pivot to Disney class. It's kind of fitting that he
Speaker 1: comes back and kind of finishes what he started. And
Speaker 1: you're absolutely right about costs. So costs, we have two
Speaker 1: major cost centers right now. One is you know, the
Speaker 1: streaming business, and that business has already lost about eight
Speaker 1: billion dollars since it, you know, they first started it.
Speaker 1: And that is a major headache because you know, they
Speaker 1: did say that they will that they do expect to
Speaker 1: achieve break even in two years time. But again, you know,
Speaker 1: there was some words of caution given the economic cycle
Speaker 1: and then with Parks again, lots of inflationary pressures over there. Um,
Speaker 1: it's gonna be interesting to see what they do. Yeah,
Speaker 1: we have also gotten some word that activist investors on
Speaker 1: the Disney board had opposed Tiger returning. The Wall Street
Speaker 1: Journal uh saying among those is Nelson Pelts and Triumph
Speaker 1: Fund Management. Could activist investors be a hurdle for Bob
Speaker 1: Eiger coming back to CEO? I don't think so. I
Speaker 1: think just kind of you're looking at the share price
Speaker 1: right now. Obviously this is a move that is welcomed
Speaker 1: by investors, that is welcomed by analysts on Wall Street.
Speaker 1: I mean, this is a leader, probably one of arguably
Speaker 1: one of the best leaders in media. He has a
Speaker 1: stellar track record. He has navigated this company time and
Speaker 1: time again through a lot of different, you know, major upheavals.
Speaker 1: So I don't really think that the activist investors should
Speaker 1: create much of a hurdle. So in our last minute here, Geeta,
Speaker 1: do you see Bob Iger as more of a caretaker
Speaker 1: CEO at this point or is there a possibility that,
Speaker 1: if you know, the economic headwinds continue, that he could
Speaker 1: be asked to stay on even longer. I didn't have
Speaker 1: we're saying number with Bob Wiger, right, Yeah, he has
Speaker 1: been tasked to be at the company for at least
Speaker 1: two years to kind of pull it up, you know,
Speaker 1: through all of this very difficult situations that they're facing
Speaker 1: right now. He has also been tasked with the job
Speaker 1: of finding a successor. Obviously that didn't go so well
Speaker 1: last time, so who knows, but um, I think succession
Speaker 1: will definitely be a key issue on his agenda over
Speaker 1: the next two years, at least at the moment. Investors
Speaker 1: like this news big time. We're watching Disney shares now
Speaker 1: up nearly nine and a half percent in the pre market.
Speaker 1: Geta Ranganathan as always great to get your perspective. Geta
Speaker 1: Rongganathan is US media analyst at Bloomberg Intelligence. The broader
Speaker 1: market moving lower. SMP futures are down twenty points, staff
Speaker 1: features down seventy seven. NASDAC futures are down eighties seven points.
Speaker 1: The tenure treasury little change, yield three point eight two percent,
Speaker 1: and the yield on the two year right now four
Speaker 1: point five two percent. You're listening to Bloomberg Daybreak, Bloomberg
Speaker 1: eleventh three oh weather got a freeze warning till ten am.
Speaker 1: It's gonna stay chili today, low forties and a breeze, sunny,
Speaker 1: upper forties tomorrow, low fifties sunshine Wednesday, right now in
Speaker 1: Central Park, broadcasting live from the Bloomberg Interactive Broker Studio
Speaker 1: in New York. Bloomberg E Looving Free on to Washington,
Speaker 1: d C, Bloomberg on to Boston, Bloomberg one O six
Speaker 1: one does San Francisco Bloomberg and non sixteen to the country,
Speaker 1: Sirius XM to A one nineteen and around the globe
Speaker 1: the Bloomberg business in Bloomberg Radio dot com. This is
Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow and we're just
Speaker 1: about three hours away from the Open of US training.
Speaker 1: It's time for the five things you need to know
Speaker 1: to start your Brought to you by Interactive Brokers ibk R.
Speaker 1: Event Trader offers a new way to trade futures. Use
Speaker 1: event contracts to trade your opinion on yes or no
Speaker 1: questions and key CME futurist markets. Learn more at event
Speaker 1: Trader dot Interactive Brokers dot com. Up First, a big
Speaker 1: shake up at Disney. Bob Chapeck is out as CEO
Speaker 1: and longtime company leader Bob Iger is taking over Bloomberg's
Speaker 1: alex Web says Eiger's goal will be super charging the
Speaker 1: streaming service Disney Plus. Disney made a massive pivot over
Speaker 1: the past two years under pressure from activist investors to
Speaker 1: make themselves more like Netflix and actually invest in streaming
Speaker 1: content Disney Plus, and they did that. Netflix then, of
Speaker 1: course has not had a brilliant yet, so Disney has
Speaker 1: has fallen sort of quite as much, but almost in
Speaker 1: lockstep with that. So this is an effort to fix
Speaker 1: some of that. Bloomberg's alex webs as a primary reason
Speaker 1: for chipecks dismissal was disney struggling share price. Right now,
Speaker 1: Disney shares they're up about nine percent. In the Wall
Speaker 1: Street Journal, Karen Is reporting that activist investor Nelson Fell
Speaker 1: supposes Iger's return. His firm Try and Fund Management required
Speaker 1: a stake worth more than eight hundred million dollars in Disney.
Speaker 1: Another corporate news Nathan more Twitter turmoil, the company's head
Speaker 1: of operations in Frances quit and more layoffs could come
Speaker 1: this week. CEO Elon Musk also welcomed former President Donald
Speaker 1: Trump and Yea, the artists formerly known as Kanye West,
Speaker 1: back to the platform must used a Twitter poll to
Speaker 1: determine Trump's reinstatement, which California Representative Adam Schiff said was irresponsible.
Speaker 1: It contradicts what Elon Musk said that he was going
Speaker 1: to establish a council to evaluate this, and further contradicts
Speaker 1: Musca and his claim concern about bots on his own
Speaker 1: platform to subject the decision to a poll on the
Speaker 1: platform that could be easily abused. Representative Adam Schiff made
Speaker 1: the comments on ABC News this week. Heard every Sunday
Speaker 1: on Bloomberg Radio. Markets Now Karen Us futures are falling
Speaker 1: on concerned China might tighten COVID curves after a string
Speaker 1: of death. Investors will also digest some economic news this
Speaker 1: week when the Fed issues its latest minutes. Meanwhile, Nathan
Speaker 1: Goman Sachs said the bear market will likely last into
Speaker 1: next year. Goman predicts the SNP five hundred will end
Speaker 1: next year at four thousand points, just nine tenths of
Speaker 1: uppercent higher than Friday's close. And in geo politics, defense
Speaker 1: chiefs from the U S and China will likely meet
Speaker 1: for their first talks and months it could be assigned.
Speaker 1: Tensions are easy. That's the five things that you need
Speaker 1: to notice start your day. Brought to you by Interactive Brokers,
Speaker 1: and again, futures this morning are lower with SMP futures
Speaker 1: down about twenty two points. Straight ahead, your latest local headlines,
Speaker 1: plus a check of sports, and this is Bloomberg. I
Speaker 1: think you Karen six thirty three on Wall Street, twenty
Speaker 1: seven degrees in Central Park. Gotta crash southbound New Jersey
Speaker 1: Turnpike Western Spur, Exit fifteen. Details coming up in traffic.
Speaker 1: First Michael Barr with more on what's happening in New
Speaker 1: York and around the world. Good morning, Michael, Good morning, Nathan.
Speaker 1: Quick action is being credited for reducing the number of
Speaker 1: victims in the mass shooting at a gay bar in
Speaker 1: Colorado Springs over the weekend. The suspect, Anderson Aldridge, was
Speaker 1: tackled to the ground by people inside Club Q before
Speaker 1: police arrived. Colorado Springs Police Chief Adrian Vasquez, I think
Speaker 1: had somebody not been hit there to detain him, he
Speaker 1: would have continued firing that weapon. Chief Vasques says five
Speaker 1: were killed and dozens were hurt. Meanwhile, New York Governor
Speaker 1: Kathy Hokeles, reacting to the deadly nightclub shooting, HOCl says
Speaker 1: this is personal as New York is the home of
Speaker 1: the l g B t Q movement. I've asked the
Speaker 1: State Police Superintendent Steve and Grelly, who's with me here today,
Speaker 1: to make sure that we have enhanced protections that we're
Speaker 1: continuing to do our monitoring of social media sites to
Speaker 1: be able to identify threats. Vocal says here in New
Speaker 1: York City, two men were arrested over the weekend for
Speaker 1: threatening the Jewish community. The Idaho State Police continued to
Speaker 1: comb through the town of Moscow and surrounding areas trying
Speaker 1: to gather evidence and the stabbing deaths of four University
Speaker 1: of Idaho students. Authorities are still looking for a suspect. However,
Speaker 1: State Police spokesperson Aaron Snell says the FBI is working
Speaker 1: with police there developing information. They're assisting with the very
Speaker 1: special skills that they have. Aaron Snell, the Idaho State
Speaker 1: Police says on November thirteen, the bodies of three young
Speaker 1: women and one young man were found in their off
Speaker 1: campus house. Buffalo residents are slowly beginning to dig out
Speaker 1: from a historic snow storm Blueberg. Steve Rappaport has more
Speaker 1: highways have finally reopened and travel bands lifted, but many
Speaker 1: businesses in and around Buffalo remain closed after some areas
Speaker 1: got more than seven feet of snow. We're trying to
Speaker 1: be patient in the city, but it's hard because we're stuck.
Speaker 1: Sarah al Zina is among many residents not going anywhere
Speaker 1: for a while. We see trucks going by full of snow,
Speaker 1: but they're not They're not touching our snow yet. New
Speaker 1: York Governor and Buffalo native Kathy Hokel says this storm
Speaker 1: is one for the record books. When you hit five
Speaker 1: inches over the course of just a couple of days
Speaker 1: snow event, that is one to tell your grandkids about.
Speaker 1: Hocal is asking for a federal disaster declaration for the
Speaker 1: affected areas. Steve Rappaport Bloomberg Radio Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: in more than a hundred twenty countries. Not Michael barrn
Speaker 1: This is Bloomberg, Nathan. Thanks Michael. Count up to six
Speaker 1: thirty six on Wall Street Time for the Bloomberg Sports Upthing,
Speaker 1: Brought you by tri State outing with John Stash. All Right, Nathan,
Speaker 1: there's never been a finished an NFL game like Jets
Speaker 1: paid foots in Foxborough. There had been only two since
Speaker 1: the nineteen seventy merger, where the first touchdown of the
Speaker 1: game came in the final minute. But this game, when
Speaker 1: he touched down was an eighty four yard point return
Speaker 1: with five seconds left, the first point return for TV
Speaker 1: in the NFL this season. It was by pat rookie
Speaker 1: Marcus Jones. It gave New England a ten to three win,
Speaker 1: their fourteenth winn in a row over the Jets, whose
Speaker 1: coach was Roberts All. It's uh lose feel like your
Speaker 1: exchange and blows from a defensive standpoint, and both sides
Speaker 1: the war from teams and somebody could just make a
Speaker 1: play and get it the overtime. They made a play
Speaker 1: uh in the King game and asked about the performance
Speaker 1: of his offense, Elo used an export to Zach Wilson,
Speaker 1: who had that three interception day against the Patriots a
Speaker 1: few weeks ago, was only nine of twenty two. So
Speaker 1: in the an FC East, Miami and Buffalo are seven
Speaker 1: and three, the Jets and Patriots are six and four.
Speaker 1: In the NFC East Philadelphia pulled out at one point
Speaker 1: when to go to nine and one Dallas one forty.
Speaker 1: The three cooling off Red Hot Minnesota and the Cowboys
Speaker 1: are seven and three. They're tied with the Giants. The
Speaker 1: two teams face off Thursday in Dallas. Worst effort of
Speaker 1: the season for the Giants. They lost at home to
Speaker 1: Detroit thirty one to eighteen. The Lion's Jamal Williams score
Speaker 1: three straight touchdown Daniel Jones had a t run and passed.
Speaker 1: Was also intercepted twice. Last night late touchdown by Kansas
Speaker 1: City Travis Kelsey's third of the game. The Chiefs top
Speaker 1: the Chargers thirties seven. Knicks Looston Phoenix won sixteen to
Speaker 1: ninety five. Road trip finds. Tonight, the Nets beat Memphis
Speaker 1: and Barkley to one fifteen. Ben Simmons best game as
Speaker 1: a Net and Tymrie Irving returned from his we spent
Speaker 1: in the US takes on whales today at the World five.
Speaker 1: Johnson actually Bloombroog sports movement thanking John sixty seven on
Speaker 1: Wall Street. Time to take a look at stocks. Some
Speaker 1: of the names moving in the pre market. Bloomberg Radio
Speaker 1: and TV markets correspondent Creety GOOFDA watching Disney shares along
Speaker 1: with the rest of us this morning. Looks like Disney
Speaker 1: investors are thinking Bob Iger still has the pixie dust create.
Speaker 1: You know, it's interesting. He's been such a veteran of
Speaker 1: the company. He's been on the board for a little
Speaker 1: while as well, so to come back after just a
Speaker 1: series of missus when it comes to Disney, remember they
Speaker 1: had this massive rise during the pandemic, this idea that
Speaker 1: people were maybe not going to the theme parks and
Speaker 1: amusement parks. But that's okay because Disney had really put
Speaker 1: in a lot of money into their Disney Plus products.
Speaker 1: It was really all about streaming and kind of subscribing
Speaker 1: um and competing with Netflix, kind of becoming this best
Speaker 1: of both worlds trade for a lot of people, essentially
Speaker 1: the recovery trade, but the theme parks, resorts, cruise lines, etcetera.
Speaker 1: But also this kind of tech element to Disney as
Speaker 1: well with their media arm Then you kind of had
Speaker 1: a series of mythss when it comes to the subscriber
Speaker 1: numbers as well as these COVID outbreaks that you're not
Speaker 1: just seeing in the States but around the world. As well,
Speaker 1: so it is starting to take quite the toll on
Speaker 1: those shares as well as their bottom line as well.
Speaker 1: Then comes Bob Iger this idea that he's going to
Speaker 1: be reinstated as CEO, a major pivot from the board
Speaker 1: in charge as well, Susan Arnold, the chairman, coming out
Speaker 1: and saying she's pretty excited about putting him in charge.
Speaker 1: But remember there are still some barriers here. You have
Speaker 1: a Tryan Nelson Funds is fund management that is actually
Speaker 1: opposing his rehiring, pushing for a board seat instead and
Speaker 1: advocating for more cost cuts as according according to the
Speaker 1: Wall Street Journal. But for now, shares are really appreciating
Speaker 1: that move. Disney shares d I s as your taker,
Speaker 1: up nine and a half percent, and Nathan, this goes
Speaker 1: against the grain here because Natures are down about half
Speaker 1: a percent. So look at some of their peers, though,
Speaker 1: what does this mean for like Netflix? You actually have
Speaker 1: an under performance in its piers, which tells you that
Speaker 1: not only is Disney rising when investors are saying this
Speaker 1: could be bad for competitive landscape. So Netflix shares for
Speaker 1: example n f l X down about nine tenths of
Speaker 1: one percent. Roku for example, are Okay, you those shares
Speaker 1: down one point four percent as well. So these are
Speaker 1: the kind of names that you really want to keep
Speaker 1: an eye on widly follow the developments of this Disney story. Yeah,
Speaker 1: but as far as the broader market goes, we're still
Speaker 1: following developments, I guess on the China story and whether
Speaker 1: they're going to go back at lockdown. Right. And this
Speaker 1: is actually almost feuds perfectly from the Disney story because
Speaker 1: a lot of their kind of bottom line China has
Speaker 1: really been under pressure. Um when we talked about kind
Speaker 1: of their theme parks, the resorts, um. I believe they
Speaker 1: have a Disney World in like Hong Kong or something. Um.
Speaker 1: But yeah, so you are to see Chinese stocks down
Speaker 1: as well. We love to look at our poster child
Speaker 1: here as well. Ali BABA is the ticker there, b
Speaker 1: A b A is the ticker, and those shares are
Speaker 1: down just about three percent. The idea here being that
Speaker 1: from COVID related deaths, not cases in Beijing, may tell
Speaker 1: them to pivot. All right, thanks as always, Boomberg Radio
Speaker 1: and TV Markets correspondent Creaty Gupta. As I said, the
Speaker 1: broader market is moving lower on China concerns. SMP futures
Speaker 1: are down twenty one point, Staff features down seventy nine,
Speaker 1: Nasdaq futures down one points, but Disney shares wow, yeah,
Speaker 1: they are still popping in the pre market up nine
Speaker 1: with Bob Iger making a CEO comeback. You're listening to
Speaker 1: Bloomberg day Break. Bloomberg Sports is brought to you by Audie.
Speaker 1: Don't let someone else drive off in the Audi model.
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Speaker 1: T He's a Bloomberg Business flash and I'm fair in
Speaker 1: Moscow and futures are lower This morning, we go to
Speaker 1: the first Word breaking news. Dask for today's morning call.
Speaker 1: Here's the Bill Maloney Bill morning, Hey, good morning, Karen.
Speaker 1: That's right. US futures are in the red right now
Speaker 1: at down. Futures down fifty nine points, subs drop eighteen,
Speaker 1: n NASDA futures declined by eight one. The US ten
Speaker 1: year old at three point eight three percent, Gold is
Speaker 1: down ten oil is trading lower, and bitcoin is off
Speaker 1: by one percent. Hong Kong fell one point nine percent
Speaker 1: overnight and made concerns China may tighten COVID curves and
Speaker 1: European markets are also trading in the rid this morning.
Speaker 1: Back in the US on the economic Fronday thirty, Chicago Fed,
Speaker 1: and in the crypto space, f t x owes the
Speaker 1: fifty biggest creditors or unsecure creditors three point one billion.
Speaker 1: In other news, Disney brought back Bob Iger as CEO
Speaker 1: and fired Bob Japeck shows her up nine percent in
Speaker 1: the pre market, and the Fed's BOSSI said the FED
Speaker 1: should end its hiking cycle after seventy five to a
Speaker 1: hundred basis points of further tightening. Wrapping things up, Planes
Speaker 1: All American was cut to neutral at JP Morgan Co
Speaker 1: America raised outperform at Raymond James, and Conago was cut
Speaker 1: to sell well Red Stop Chin Live from the first
Speaker 1: breaking news tescom Bill Maloney, care all right, Phil, thank
Speaker 1: you and your live breaking news of your Bloomberg type
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Speaker 1: update brought to you by se I. Imagine your asset
Speaker 1: management firms operational infrastructure as a competitive advantage. Let see
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Speaker 1: headline crossing the Bloomberg marked by Immago Biosciences for thirty
Speaker 1: six dollars a share in cash and as a Bloomberg
Speaker 1: business flash now here smuaele bar with Moore on what's
Speaker 1: going on around the world, Michael Karen, thank you very much.
Speaker 1: Police was searching for a motive after a twenty two
Speaker 1: year old man opened fire and Again nightclub in Colorado
Speaker 1: Springs over the weekend. Five people were killed and twenty
Speaker 1: five people were injured in the shooting, local officials saying
Speaker 1: the heroic actions of a few patrons who subdued the
Speaker 1: gunman saved lives. At least forty six people were killed
Speaker 1: and about seven hundred others were injured. In Indonesia after
Speaker 1: a five point six magnitude earthquakes shook the Western Java
Speaker 1: region today, in the NFL, the Giants lost, the Patriots
Speaker 1: beat the Jets ten three on the last second punt return.
Speaker 1: The Ravens and Commanders were also winners. In the NBA,
Speaker 1: Kyrie Irving returned to the Nets, says they beat the
Speaker 1: Grizzlies on the Knicks lost the Wizards and Warriors one.
Speaker 1: In soccer, the US plays Wales in the World Cup. Today.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Tank, powered by more than seven under
Speaker 1: journalist and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael Barr, and this is Bloomberg. Karen right, Mcolbar. Thank
Speaker 1: you at A sixty nine out of Wall Street, and
Speaker 1: we turned to news and science and technology now with
Speaker 1: the Bloomberg and j I T. Stemmer Report brought to
Speaker 1: you buy New Jersey Institute of Technology, and j I
Speaker 1: T has joined with McKinsey and Company to establish a
Speaker 1: mckensey Digital Capability Center specializing in biopharma manufacturing. Learn more
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Speaker 1: here's just making news and science, Technology, engineer, ring and map.
Speaker 1: The southern Chinese metropolis of dang Zoe lockdown its largest
Speaker 1: district as it tries to tamp down a major COVID
Speaker 1: nineteen outbreak. The outbreak is testing China's attempt to bring
Speaker 1: a more targeted approach to its zero COVID policies while
Speaker 1: facing multiple outbreaks driven by fast spreading omicron variants. China
Speaker 1: is the only major country in the world still trying
Speaker 1: to curb virus transmissions through strict lockdown measures and mass testing.
Speaker 1: New court papers show sam Bang Ban freed it's bankrupt,
Speaker 1: FTX owes its fifty biggest unsecured creditors a total of
Speaker 1: three point one billion dollars at least a hundred million
Speaker 1: dollars is oh to twenty of its creditors, and Tesla
Speaker 1: recalling more than three hundred thousand vehicles in the US
Speaker 1: because a software glitch can make tail lights go off intermittently,
Speaker 1: Tesla said, and documents posted over the weekend by the
Speaker 1: U S National Highway Traffic Safety Administration that the glitch
Speaker 1: may affect one or both tailights on certain Model three
Speaker 1: and Model Live vehicles. The automaker said it is releasing
Speaker 1: online software update that will fix the problem, and a
Speaker 1: said Bloomberg and j I T Stem report Nathan Okay, Karen,
Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers
Speaker 1: studios or at six fifty one on Wall Street Time
Speaker 1: Now to check what's going on in DC. Some of
Speaker 1: The top stories in our nation's capital include a new
Speaker 1: special counsel running the investigations into former President Donald Trump.
Speaker 1: Former Vice President Mike Pence tells NBC's Meet the Press
Speaker 1: the Justice Department needs to tread carefully. I don't know
Speaker 1: if it is criminal to listen to bad advice from lawyer,
Speaker 1: but some Republicans think the party may be ready to
Speaker 1: move on from the former president, including former House Speaker
Speaker 1: Paul Ryan. It's pretty clear as with Trump, we lose.
Speaker 1: So I don't mean this personally, it's just it's just evidence.
Speaker 1: We lost the House in eighteen, we lost the presidency
Speaker 1: in twenty, we lost the Senate in twenty and now
Speaker 1: we should have and could have won the Senate we didn't.
Speaker 1: Former Speaker Paul Ryan was on ABC's This Week, also
Speaker 1: making news, Elon Musk reinstating former President Trump on Twitter.
Speaker 1: Bad idea, says Democrat Adam Schiff, especially after January six,
Speaker 1: he showed no remorse about that. He continues to lie
Speaker 1: about his actions on that day. He talks about partnering
Speaker 1: the people who attack police officers and attack the capital
Speaker 1: that day. Uh and it contradicts what Elon Musk said
Speaker 1: that he was going to establish a council to evaluate this.
Speaker 1: Congressman shift was also on this week and on Fox
Speaker 1: New Sunday to u S. Senators came out with a
Speaker 1: learning about TikTok. Republican Tom Cotton TikTok, it's one of
Speaker 1: the most massive surveillance programs ever, especially on America's young people.
Speaker 1: And Democrat Mark Warner. So if you're a parent and
Speaker 1: you've got a kid on TikTok, I would be very
Speaker 1: very concerned. Fox News Sunday this week and Meet the
Speaker 1: Press can all be heard every Sunday right here on
Speaker 1: Bloomberg Radio. And for more, we're joined by Bloomberg Government
Speaker 1: reporter Emily Wilkins. Uh. Let's start off with what's happening
Speaker 1: now in the presidential race. Emily, as this special council
Speaker 1: announcement need to make any ripples. So I think, Nathan,
Speaker 1: what's really has made ripples was really not in people talking.
Speaker 1: It's just more about how Republicans fell so far short
Speaker 1: of what they were expecting on election Day. They expected
Speaker 1: to make the Senate, they expected to have a clear
Speaker 1: majority in the House. Instead, we had to wait weeks
Speaker 1: for them to actually say that Republicans had won the
Speaker 1: House because their margins are so small, and that's leading
Speaker 1: more and more individuals within the Republican Party to call
Speaker 1: for a moving away for Trump. Obviously, we just heard
Speaker 1: that clip from former Speaker Paul Ryan. We heard something
Speaker 1: similar over the weekend from former New Jersey Governor Chris Christie,
Speaker 1: who advocated that the party moved away from the Trump
Speaker 1: at a speech at the Republican Jewish Coalition meeting in
Speaker 1: Las Vegas, and that one had a number of potential
Speaker 1: four candidates Christie included, but Ron de Santis was also there.
Speaker 1: He didn't talk about four, he didn't talk about Trump,
Speaker 1: but he hinted at a potential run, saying we've got
Speaker 1: a lot more to do and that he is only
Speaker 1: begun to fight. Trump of course, also gave a speech
Speaker 1: at the event, houting that the Republican Party had grown
Speaker 1: under his time as President um and really at this point, though,
Speaker 1: I think that the chairman for the Republican Jewish Coalition,
Speaker 1: Norm Coleman, really summed it up when he said that,
Speaker 1: you know, Trump might still be the dominant force in
Speaker 1: the Republican Party, but this group is looking at all
Speaker 1: candidates for the next two years. When they're trying to
Speaker 1: figure out who to endorse. So what are we looking
Speaker 1: at in terms of a contested GOP primary. Is this
Speaker 1: gonna be a wide open field? Or could former President
Speaker 1: Trump do like he did four years ago and race
Speaker 1: ahead of the pack. I mean, at this point, the
Speaker 1: momentum does seem to be for a wide open field.
Speaker 1: You've seen this scantists do quite well in recent pulling
Speaker 1: up against Trump. And of course, remember there are plenty
Speaker 1: of potential candidates that we could be talking about here,
Speaker 1: Christie Noman in South Dakota and Nicki Haley at the
Speaker 1: former governor who had They haven't really dropped their hat
Speaker 1: of the race yet. We haven't really heard a lot
Speaker 1: from them, but certainly within the next couple of months
Speaker 1: the next year, they could really start revving up their
Speaker 1: campaigns and they could you know, we have a lot
Speaker 1: more into the spotlight. I always think about, you know
Speaker 1: how this time deal for the election and the election
Speaker 1: everyone was looking at a completely different candidates than who
Speaker 1: eventually wound up becoming the two nominees. So we still
Speaker 1: have to have a long way to go. Yeah, certainly
Speaker 1: do interesting as well to hear that sort of bipartisan
Speaker 1: agreement on the Sunday Shows about taking a tough stance
Speaker 1: against TikTok, even as we're starting to see at least
Speaker 1: the hints of a thought between the US and China
Speaker 1: after President Biden's meeting with President She Yeah, well, China
Speaker 1: really doesn't mean one of the very few areas where
Speaker 1: you see a lot of agreement between Democrats and Republicans,
Speaker 1: a lot of China hawks and both parties, a lot
Speaker 1: of them who believe that, you know, China's overstepped and
Speaker 1: that the US needs to really take some measures to
Speaker 1: boost national security. But TikTok is really the one that
Speaker 1: that we're looking at right now. Um. The Brian administration
Speaker 1: is seeking a security agreement with TikTok to ensure that
Speaker 1: only TikTok staff in the US have access to sensitive
Speaker 1: data from US users. Uh. You've heard the head of
Speaker 1: TikTok talk a little bit more about this, saying that
Speaker 1: it's a pretty expensive program to put together, but they're
Speaker 1: doing so because they're worried about the concerns of American
Speaker 1: officials and about TikTok losing access to its US audience. UM.
Speaker 1: At the same time, though you have a number of
Speaker 1: individuals who have shown skepticism, including one Democratic senator and
Speaker 1: one Republican senator that have issued a warning about TikTok
Speaker 1: and the security risk that it poses. You also have
Speaker 1: Senator Marco Rubio and Congressman Ryan Gallagher being prepared to
Speaker 1: introduce legislation that would ban UH TikTok in the US.
Speaker 1: So certainly this is something where the parties they're not
Speaker 1: quite on the same page, but there is a lot
Speaker 1: of momentum into looking into this, and I think it
Speaker 1: does speak to larger tensions between the US and China
Speaker 1: even as you are seeing that relationship thoughts. You you
Speaker 1: mentioned Nathan that Biden and she Um they met the
Speaker 1: other week, they had a chat. Things would pretty well
Speaker 1: as far as trying to, you know, remove some of
Speaker 1: the tensions. And now you're going to see the U
Speaker 1: s and Chinese defense chiefs meet uh this week in
Speaker 1: Cambodia for their first talk since Beijing suspended dialogue over
Speaker 1: speaker Nancy Pelosi's visits to Taiwan. Alright, Bloomberg government reporter
Speaker 1: Emily Wilkins, keeping us off top of everything happening in
Speaker 1: the nation's capital. I want to keep you on top
Speaker 1: of what's happening with Disney shares this morning? They are
Speaker 1: up nine point two percent with Bob Eiger coming back.
Speaker 1: We'll have much more on Bloomberg surveillance. That's next with
Speaker 1: Tom King, Jonathan Pharaoh, and Lisa Bramowitz for Karen Moscow.
Speaker 1: I'm Nathan Hager, and this is Bloomberg