1 00:00:02,000 --> 00:00:05,279 Speaker 1: By from the Bloomberg Interactive Brooker Studios is his Bloomberg 2 00:00:05,360 --> 00:00:09,280 Speaker 1: day Break for Tuesday, November twenty two. Coming up this hour, 3 00:00:09,600 --> 00:00:13,440 Speaker 1: another crypto firm warns of a possible bankruptcy. Bob Iger 4 00:00:13,560 --> 00:00:17,080 Speaker 1: takes his first steps to reorganize Disney. Elon Musk loses 5 00:00:17,120 --> 00:00:19,800 Speaker 1: more than a hundred billion dollars of his fortune this year, 6 00:00:19,960 --> 00:00:22,400 Speaker 1: and O. E. C. D says the world's central banks 7 00:00:22,560 --> 00:00:25,720 Speaker 1: must keep raising interest rates to fight inflation. New York 8 00:00:25,760 --> 00:00:28,040 Speaker 1: Mayor Adams says it was not an idol threat against 9 00:00:28,040 --> 00:00:31,240 Speaker 1: the Jewish synagogue. Plus, the man who subdued the suspected 10 00:00:31,280 --> 00:00:34,480 Speaker 1: gunman in a gay Colorado nightclub is talking. I'm Michael 11 00:00:34,520 --> 00:00:37,440 Speaker 1: barn Moore Ahead, I'm John Stashdown Sports, the US Open, 12 00:00:37,440 --> 00:00:39,239 Speaker 1: the World Cup with the time Monday Night, win for 13 00:00:39,280 --> 00:00:44,680 Speaker 1: the forty Niners, Knicks, Devil's Islanders, and St. John. That's 14 00:00:44,680 --> 00:00:48,040 Speaker 1: all's trendy ahead on Bloomberg day Break on Bloomberg. He 15 00:00:48,120 --> 00:00:51,880 Speaker 1: live in Free on New York, Bloomberg one, Washington, d C, 16 00:00:52,360 --> 00:00:56,640 Speaker 1: Bloomberg one, Those six one, Boston, Bloomberg nine sixties, San Francisco, 17 00:00:57,120 --> 00:00:59,960 Speaker 1: Syrius x M one nine team and around the world. 18 00:01:00,040 --> 00:01:03,760 Speaker 1: The Bloomberg Radio dot Com and via The Bloomberg Business. 19 00:01:07,319 --> 00:01:10,240 Speaker 1: Good morning. I'm Nathan Hager and I'm Karen Moscow and 20 00:01:10,360 --> 00:01:13,160 Speaker 1: US stock in Next futures are on the rise this morning. 21 00:01:13,200 --> 00:01:15,360 Speaker 1: We are coming up to six oh one on Wall Street, 22 00:01:15,360 --> 00:01:17,600 Speaker 1: and we checked the markets every fifteen minutes throughout the 23 00:01:17,640 --> 00:01:21,479 Speaker 1: trading day. On Bloomberg SMP futures up eight points this morning. 24 00:01:21,560 --> 00:01:24,400 Speaker 1: Down Future is up sixty two. Nasdack Future is up 25 00:01:24,400 --> 00:01:27,240 Speaker 1: twenty four. The decks in Germany's up a quarter percent. 26 00:01:27,520 --> 00:01:29,880 Speaker 1: Ten year Treasury up ten thirty seconds. You have three 27 00:01:29,880 --> 00:01:32,119 Speaker 1: point seven eight percent. They yield on the two year 28 00:01:32,200 --> 00:01:35,360 Speaker 1: four point four nine percent. Nine Next screwed oil up 29 00:01:35,360 --> 00:01:37,640 Speaker 1: seven tenths per cent, or fifty seven cents at eighty 30 00:01:37,640 --> 00:01:41,080 Speaker 1: dollars fifty nine cents of barrel and Bitcoin this morning 31 00:01:41,200 --> 00:01:45,000 Speaker 1: is up nine tenths percent. It's around fifteen thousand, seven 32 00:01:45,080 --> 00:01:48,880 Speaker 1: hundred seventy dollars. Nathan, Well, Karen, speaking of crypto turmoil 33 00:01:49,000 --> 00:01:52,760 Speaker 1: around the asset class continues this morning. Another firm is 34 00:01:52,840 --> 00:01:55,840 Speaker 1: warning of a possible bankruptcy. For the latest you bring 35 00:01:55,840 --> 00:01:58,680 Speaker 1: in Bloomberg. Steve Rappaport live in our New York studios. 36 00:01:58,720 --> 00:02:01,880 Speaker 1: Good morning, Steve, Good morning, Nathan and Karen. Potential investors 37 00:02:01,880 --> 00:02:05,040 Speaker 1: in Genesis could make an exodus after the crypto company 38 00:02:05,080 --> 00:02:08,600 Speaker 1: warned its coming up short in fundraising. Sources say Genesis 39 00:02:08,639 --> 00:02:10,680 Speaker 1: is scrambling to come up with at least a billion 40 00:02:10,720 --> 00:02:14,360 Speaker 1: dollars following the collapse of Crypto Exchange f t X 41 00:02:14,600 --> 00:02:16,880 Speaker 1: and more on that bankruptcy and new filing shows f 42 00:02:17,000 --> 00:02:19,440 Speaker 1: t X and its affiliates had a combined cash balance 43 00:02:19,680 --> 00:02:22,880 Speaker 1: of one point to four billion dollars. That filing states 44 00:02:22,919 --> 00:02:27,000 Speaker 1: the latest tally identifies substantially higher cash balances than debtors 45 00:02:27,000 --> 00:02:29,639 Speaker 1: were in a position to substantiate. In New York, I'm 46 00:02:29,680 --> 00:02:32,800 Speaker 1: Steve Rappaport, Bloomberg Daybreak. All right, Steve, thank you well. 47 00:02:32,800 --> 00:02:36,280 Speaker 1: In corporate news this morning, all eyes are still on Disney. 48 00:02:36,320 --> 00:02:39,680 Speaker 1: Returning CEO Bob Iger is taking his first step story 49 00:02:39,720 --> 00:02:43,600 Speaker 1: reorganizing the entertainment giant. Meger is asking top deputies to 50 00:02:43,639 --> 00:02:46,960 Speaker 1: rethink the corporate structure. He's also announced the departure of 51 00:02:47,000 --> 00:02:50,920 Speaker 1: a top manager, the head of media distribution, Kareem Daniel. Well. 52 00:02:50,919 --> 00:02:52,520 Speaker 1: It turns out Karen took a lot of money for 53 00:02:52,560 --> 00:02:55,359 Speaker 1: Disney to lor Eiger back. He's getting paid about twenty 54 00:02:55,400 --> 00:02:58,360 Speaker 1: seven million dollars a year under his two year agreement. 55 00:02:58,560 --> 00:03:02,120 Speaker 1: We get the details from Bloomberg Charlie Pellett. According to 56 00:03:02,160 --> 00:03:05,320 Speaker 1: a company filing, Iger will receive a base salary of 57 00:03:05,320 --> 00:03:09,200 Speaker 1: a million dollars under bonus equal to that amount. In addition, 58 00:03:09,240 --> 00:03:12,639 Speaker 1: he'll get stock awards with a target value of twenty 59 00:03:12,639 --> 00:03:17,360 Speaker 1: five million dollars each year. Disney, the world's largest entertainment company, 60 00:03:17,400 --> 00:03:19,959 Speaker 1: announced Sunday that Bob J. Peck was stepping down his 61 00:03:20,120 --> 00:03:23,880 Speaker 1: CEO immediately, to be replaced by Iger, who ran the 62 00:03:23,919 --> 00:03:27,080 Speaker 1: company for fifteen years prior to retiring in December of 63 00:03:27,360 --> 00:03:31,680 Speaker 1: twenty one. In New York. Charlie Pellett Bloomberg day Break. 64 00:03:31,760 --> 00:03:33,680 Speaker 1: All right, Charlie, thank you well. On the flip side, 65 00:03:33,720 --> 00:03:36,200 Speaker 1: the richest person in the world has seen his fortune 66 00:03:36,200 --> 00:03:38,720 Speaker 1: decline by more than a hundred billion dollars this year. 67 00:03:38,760 --> 00:03:42,120 Speaker 1: According to the Bloomberg Billionaires into Exelon Must's fortune has 68 00:03:42,160 --> 00:03:45,880 Speaker 1: fallen below a hundred seventy billion dollars after Monday's eight 69 00:03:45,920 --> 00:03:49,520 Speaker 1: point six billion dollar loss has taken Testla comprises the 70 00:03:49,560 --> 00:03:52,920 Speaker 1: bulk of Musk's fortune. Those shares have fallen fifty two 71 00:03:52,920 --> 00:03:56,400 Speaker 1: percent this year, and it's Musk's other company, Karen, that'scribbing 72 00:03:56,480 --> 00:03:59,640 Speaker 1: most of the spotlight lately. The turmoil at Twitter remains 73 00:03:59,680 --> 00:04:02,720 Speaker 1: front and center, Bloomberg said. Baxter reports the announcements just 74 00:04:02,800 --> 00:04:06,640 Speaker 1: keep coming. Must let more people go early in the 75 00:04:06,720 --> 00:04:09,320 Speaker 1: day with about a quarter of the company staff remaining. 76 00:04:09,320 --> 00:04:12,080 Speaker 1: He then came out later to say that those would 77 00:04:12,080 --> 00:04:14,600 Speaker 1: be the last layoffs and the same breath that he's 78 00:04:14,600 --> 00:04:17,960 Speaker 1: not moving the company to Texas. He also announced now 79 00:04:18,080 --> 00:04:20,719 Speaker 1: that he is going to delay the start of Blue 80 00:04:20,920 --> 00:04:23,840 Speaker 1: Verified and says that the platform has at at one 81 00:04:23,880 --> 00:04:28,000 Speaker 1: point six million live users. This week in San Francisco, 82 00:04:28,080 --> 00:04:31,239 Speaker 1: I'm at Baxter Bloomberg daybreak right and thank you. Another 83 00:04:31,279 --> 00:04:34,520 Speaker 1: billionaire is making headlines this morning. Bloomberg News has learned 84 00:04:34,520 --> 00:04:37,840 Speaker 1: carl Icon began shorting a game Stop during the height 85 00:04:37,880 --> 00:04:40,920 Speaker 1: of the meme stock frenzy. Sources say Icon started building 86 00:04:40,920 --> 00:04:43,359 Speaker 1: the short when game Stop was trading near its peak 87 00:04:43,640 --> 00:04:47,039 Speaker 1: of four three dollars per share, and still holds a 88 00:04:47,160 --> 00:04:50,200 Speaker 1: large bet against the shares. Game Stop has lost more 89 00:04:50,200 --> 00:04:53,000 Speaker 1: than seventy of its value from a closing high back 90 00:04:53,000 --> 00:04:56,720 Speaker 1: in January. Of Turning to the economy, Karen, there is 91 00:04:56,760 --> 00:04:59,560 Speaker 1: more pressure on central banks to keep raising interest rates. 92 00:04:59,560 --> 00:05:02,839 Speaker 1: The organ Zation for Economic Cooperation and Development says surging 93 00:05:02,880 --> 00:05:05,600 Speaker 1: prices are putting a dent on real incomes and creating 94 00:05:05,600 --> 00:05:08,839 Speaker 1: problems that will only get worse if policymakers fail to act. 95 00:05:09,080 --> 00:05:11,560 Speaker 1: The o e c D also raised its global inflation 96 00:05:11,640 --> 00:05:15,280 Speaker 1: forecasts for next year and says price increases in four 97 00:05:15,320 --> 00:05:18,680 Speaker 1: will also remain aboff target. Meantime, Nathan too, Fed officials 98 00:05:18,720 --> 00:05:22,039 Speaker 1: are reinforcing expectations of central bank will slow their pace 99 00:05:22,120 --> 00:05:24,760 Speaker 1: of interest rate hikes next month, even as they stress 100 00:05:24,800 --> 00:05:28,440 Speaker 1: the need to keep tightening. San Francisco FED president Mary 101 00:05:28,520 --> 00:05:32,359 Speaker 1: Daily and Cleveland's the Reddemester said during separate remarks that 102 00:05:32,440 --> 00:05:36,920 Speaker 1: inflation remains too high. Here's Daily speaking in California. As 103 00:05:36,920 --> 00:05:39,120 Speaker 1: we work to bring policy to what we call a 104 00:05:39,160 --> 00:05:43,279 Speaker 1: sufficiently restrictive stance, which really, in simple terms, means the 105 00:05:43,360 --> 00:05:46,680 Speaker 1: level required to bring inflation down and restore price stability, 106 00:05:47,000 --> 00:05:50,040 Speaker 1: we will need to be mindful. Adjusting too little will 107 00:05:50,080 --> 00:05:53,479 Speaker 1: leave inflation too high, and adjusting too much could lead 108 00:05:53,480 --> 00:05:58,200 Speaker 1: to an unnecessarily painful downturn. San Francisco FED President Mary 109 00:05:58,279 --> 00:06:01,520 Speaker 1: Daily says she still expects rates to peak at five 110 00:06:01,640 --> 00:06:05,000 Speaker 1: percent or above all. Right, let's move to China, now, Karen, 111 00:06:05,000 --> 00:06:08,039 Speaker 1: We're an increase in COVID cases has led authorities to 112 00:06:08,120 --> 00:06:12,760 Speaker 1: reintroduce measures like expanding testing and lockdowns. It's now estimated 113 00:06:12,800 --> 00:06:15,680 Speaker 1: a fifth of the country's economy has been affected, despite 114 00:06:15,800 --> 00:06:19,080 Speaker 1: the central government's call for more targeted, less disruptive COVID 115 00:06:19,160 --> 00:06:22,680 Speaker 1: zero measures. And in geo politics, Nathan the US is 116 00:06:22,760 --> 00:06:25,520 Speaker 1: pushing China to ease up on Taiwan, and we get 117 00:06:25,520 --> 00:06:29,799 Speaker 1: details from Bloomberg's Amy Morris in our newsroom. In Washington, 118 00:06:30,120 --> 00:06:33,359 Speaker 1: Defense Secretary Lloyd Austin urged his counterpart in China to 119 00:06:33,400 --> 00:06:37,880 Speaker 1: avoid destabilizing actions towards Taiwan. Now, this was Austin's first 120 00:06:37,880 --> 00:06:40,719 Speaker 1: face to face meeting with China's Defense Minister waifunk Hu 121 00:06:40,960 --> 00:06:44,599 Speaker 1: since how speaker Nancy Pelosi visited Taipei in August. The 122 00:06:44,600 --> 00:06:48,000 Speaker 1: Pentagon says the men also discussed Russia's war in Ukraine, 123 00:06:48,240 --> 00:06:51,280 Speaker 1: reiterating opposition to the use of or the threat to use, 124 00:06:51,360 --> 00:06:55,040 Speaker 1: nuclear weapons. Often asked China to fully enforce u n 125 00:06:55,080 --> 00:06:59,919 Speaker 1: Security Council resolutions against North Korea's weapons program, and called 126 00:07:00,000 --> 00:07:03,840 Speaker 1: we're both sides to maintain open lines of Communication in Washington. 127 00:07:03,920 --> 00:07:06,760 Speaker 1: I'm Amy Morris, Bloomberg Daybreak. All right, Amy, thank you. 128 00:07:06,920 --> 00:07:09,720 Speaker 1: SMP futures right now are up seven points down. Futures 129 00:07:09,720 --> 00:07:12,640 Speaker 1: of fifty five NASAC futures are hired by twenty one 130 00:07:12,640 --> 00:07:15,400 Speaker 1: points ten. Your treasury yield three point seven nine percent. 131 00:07:15,760 --> 00:07:18,239 Speaker 1: Straight ahead, your latest local headlines in the check of sports. 132 00:07:18,320 --> 00:07:24,720 Speaker 1: This is Bloomberg. It's sound six oh seven on Wall 133 00:07:24,760 --> 00:07:28,520 Speaker 1: Street where the thirties seven degrees in Central Park and 134 00:07:28,560 --> 00:07:33,440 Speaker 1: we've got crash on the oh where is it? It's 135 00:07:33,480 --> 00:07:36,360 Speaker 1: on you know what. We'll let traffic tell you. It's 136 00:07:36,360 --> 00:07:38,320 Speaker 1: on the BA the northfound New York State through a wave. 137 00:07:38,400 --> 00:07:42,920 Speaker 1: Michael Barr save me. Thank you very much, Nathan. We're 138 00:07:43,000 --> 00:07:45,880 Speaker 1: learning more about the arrests of two men in connection 139 00:07:45,920 --> 00:07:48,480 Speaker 1: with a threat to attack a synagogue in New York City. 140 00:07:48,480 --> 00:07:51,720 Speaker 1: Twenty one year old Christopher Brown told Belie he has 141 00:07:51,760 --> 00:07:55,240 Speaker 1: a sick personality, and Corden records said that he tweeted 142 00:07:55,440 --> 00:07:58,280 Speaker 1: that he was going to ask a priest if he 143 00:07:58,320 --> 00:08:01,040 Speaker 1: should become a husband or shoot up a synagogue and die. 144 00:08:01,440 --> 00:08:06,720 Speaker 1: This was not an idle threat. This was a real threat. 145 00:08:07,040 --> 00:08:10,640 Speaker 1: Mayor Eric Adams sent police recovered a clock, semi automatic 146 00:08:10,640 --> 00:08:14,680 Speaker 1: firearm with an extended magazine, a large hunting knife, and 147 00:08:14,760 --> 00:08:18,320 Speaker 1: a Nazi arm band. Police arrested Brown and a companion, 148 00:08:18,400 --> 00:08:22,120 Speaker 1: both of whom have pleaded not guilty. America must defeat 149 00:08:22,240 --> 00:08:25,440 Speaker 1: the rise in threat of domestic terrorism. It is real, 150 00:08:25,720 --> 00:08:29,560 Speaker 1: it is here, and we must have a formidable approach 151 00:08:29,640 --> 00:08:33,480 Speaker 1: to it. Mayor Adams says that the NYPD and the 152 00:08:33,480 --> 00:08:36,720 Speaker 1: New York State Police are increasing security at synagogues throughout 153 00:08:36,760 --> 00:08:40,160 Speaker 1: the holidays, and Army veteran credits his training and the 154 00:08:40,360 --> 00:08:43,199 Speaker 1: armed forces were taking down the gunmen that stormed Inn 155 00:08:43,280 --> 00:08:47,880 Speaker 1: lgbt Q nightclub in Colorado Springs. Richard Fierro, who served 156 00:08:47,920 --> 00:08:51,280 Speaker 1: tours in Iraq and Afghanistan, says he went into combat 157 00:08:51,400 --> 00:08:55,319 Speaker 1: mode when shots rang out. I got into mode and 158 00:08:55,400 --> 00:08:58,280 Speaker 1: I needed to save my family, and that family was 159 00:08:58,360 --> 00:09:02,040 Speaker 1: at that time everybody in that room. Fierro knocking a 160 00:09:02,040 --> 00:09:05,560 Speaker 1: handgun and a R fifteen style rifle from the suspect's 161 00:09:05,600 --> 00:09:07,680 Speaker 1: hands and then hitting him in the head with a gun. 162 00:09:08,080 --> 00:09:10,720 Speaker 1: The twenty two year old suspect faces murder and hate 163 00:09:10,720 --> 00:09:14,040 Speaker 1: crime charges. Five people were killed nineteen others were injured 164 00:09:14,080 --> 00:09:17,440 Speaker 1: in the shooting. President Zelinski is once again urging NATO 165 00:09:17,559 --> 00:09:22,040 Speaker 1: members to guarantee protection of Ukraine's energy grid from Russian 166 00:09:22,120 --> 00:09:26,160 Speaker 1: sabotage that was shelling around Europe's largest nuclear plant. With 167 00:09:26,240 --> 00:09:29,160 Speaker 1: the help of new hires, the airline industry says they're 168 00:09:29,200 --> 00:09:33,760 Speaker 1: ready for the Thanksgiving travel rush now getting underway. Transportation 169 00:09:33,800 --> 00:09:37,920 Speaker 1: Secretary Pete Bootage says, the airlines are definitely in better 170 00:09:37,960 --> 00:09:40,360 Speaker 1: shape than we were this summer. I would not say 171 00:09:40,400 --> 00:09:42,920 Speaker 1: we're out of the woods yet, but I am cautiously 172 00:09:42,960 --> 00:09:45,560 Speaker 1: optimistic about this week being off to a good start, 173 00:09:45,880 --> 00:09:47,920 Speaker 1: and we're gonna be watching this very closely as we 174 00:09:47,960 --> 00:09:50,640 Speaker 1: go into the other peak holiday travel times that are 175 00:09:50,679 --> 00:09:53,600 Speaker 1: coming in the next few weeks. Secretary boota at O'Hare 176 00:09:53,679 --> 00:09:57,000 Speaker 1: Airport in Chicago, where a large terminal expansion was announced. 177 00:09:57,160 --> 00:10:00,000 Speaker 1: Global News twenty four hours a day on airand on Bloomberg. 178 00:10:00,000 --> 00:10:02,319 Speaker 1: It take powered by more than twenty seven hundred journalists, 179 00:10:02,320 --> 00:10:04,920 Speaker 1: analysts more than a hundred twenty countries. Michael Bard, this 180 00:10:05,080 --> 00:10:12,000 Speaker 1: is Bloomberg Naked. Thank you, Michael. Just about six ten 181 00:10:12,040 --> 00:10:14,120 Speaker 1: on Wall Street, time for the Bloomberg Sports Update procty 182 00:10:14,160 --> 00:10:16,200 Speaker 1: by Tri State out he Here's John stash Our. All right, 183 00:10:16,240 --> 00:10:17,880 Speaker 1: Nathan just for the Knicks one on this five game 184 00:10:17,960 --> 00:10:19,679 Speaker 1: road trip. They lost the game of the Garden when 185 00:10:19,760 --> 00:10:22,880 Speaker 1: Oklahoma City poured in a hundred and forty five points. 186 00:10:22,920 --> 00:10:24,960 Speaker 1: A little better defense for the next, this time at 187 00:10:25,000 --> 00:10:27,960 Speaker 1: Okay See big game by their new point guard. Nicks 188 00:10:28,000 --> 00:10:29,640 Speaker 1: end of the trip with a win over the Thunder 189 00:10:29,720 --> 00:10:34,040 Speaker 1: one to one. Nineteen. Jalen Brunson scored thirty four points 190 00:10:34,120 --> 00:10:36,600 Speaker 1: at fourteen of twenty, added nine assists. Pretty good trip. 191 00:10:36,679 --> 00:10:39,320 Speaker 1: Nicks went three and two back home Friday to play 192 00:10:39,400 --> 00:10:41,360 Speaker 1: four when the Devil's one again. They made it a 193 00:10:41,440 --> 00:10:43,880 Speaker 1: lucky thirteen wins in a row that ties the club 194 00:10:43,920 --> 00:10:47,160 Speaker 1: record five two over Edmonton Devils hadn't lost in a month. 195 00:10:47,240 --> 00:10:49,960 Speaker 1: Islander at three two overtime when the Toronto St. John's 196 00:10:49,960 --> 00:10:53,160 Speaker 1: now five and Oh Be Temple seventy seventy two part 197 00:10:53,160 --> 00:10:55,439 Speaker 1: of a double header at Barkley, Syracuse, when the opener 198 00:10:55,440 --> 00:10:58,760 Speaker 1: in overtime over Richmond seventy eight thousand on head in 199 00:10:58,840 --> 00:11:02,360 Speaker 1: Mexico City for the forty Niners and Cardinals, Profolo the shotgun, 200 00:11:02,440 --> 00:11:05,520 Speaker 1: three receivers, lapp Le, Jimmy, A low snap gotay Cock 201 00:11:05,600 --> 00:11:18,120 Speaker 1: controlled and it is Grandon said calling Niners beat Arizona 202 00:11:18,200 --> 00:11:21,280 Speaker 1: thirty eight to ten, four touchdown passions VI Jimmy Garoppolo. 203 00:11:21,360 --> 00:11:24,840 Speaker 1: The Giants played Thursday in Dallas. The Giants injuries continue. 204 00:11:25,280 --> 00:11:28,160 Speaker 1: Rookie White out, Wendell Robinson's done for the year. Cornerback 205 00:11:28,200 --> 00:11:31,079 Speaker 1: of Dorry Jackson, one of the giants best defenders, is 206 00:11:31,160 --> 00:11:33,720 Speaker 1: out at least them on. Both have knee injuries. World 207 00:11:33,760 --> 00:11:36,240 Speaker 1: Cup opener for the US good start, but a late 208 00:11:36,280 --> 00:11:38,680 Speaker 1: penalty kick in the game ended won one with Wales. 209 00:11:38,760 --> 00:11:41,880 Speaker 1: They're playing now in Qatar Argentina. Early second half in 210 00:11:42,000 --> 00:11:45,839 Speaker 1: Saudi Arabia one nil on a Leonel Messi penalty kick. 211 00:11:46,160 --> 00:11:50,480 Speaker 1: Staff Broomberg Sports okay, John, thank you. SMP futures are 212 00:11:50,520 --> 00:11:53,600 Speaker 1: up six point. Staff futures up forty nine. NASTAC futures 213 00:11:53,640 --> 00:11:56,160 Speaker 1: are higher by sixteen points. Say your treasuries up ten 214 00:11:56,240 --> 00:12:00,520 Speaker 1: thirty seconds yield three point seven eight percent. Are listening 215 00:12:00,720 --> 00:12:08,679 Speaker 1: to Bloomberg Day right. Bloomberg Sports was brought to you 216 00:12:08,760 --> 00:12:10,679 Speaker 1: by Audie. Don't let someone else drive off in the 217 00:12:10,760 --> 00:12:13,280 Speaker 1: autie model. You've always wanted to visit your local price 218 00:12:13,360 --> 00:12:15,600 Speaker 1: state autie dealer to get behind the wheel of yours today, 219 00:12:15,679 --> 00:12:22,439 Speaker 1: or visit Autie offers dot com for more information, markets, 220 00:12:22,600 --> 00:12:25,640 Speaker 1: headlines and breaking news twenty four hours a day at 221 00:12:25,679 --> 00:12:29,600 Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quicktap. 222 00:12:29,880 --> 00:12:38,960 Speaker 1: This is a Bloomberg Business flash and I'm Karen Moscow. 223 00:12:39,080 --> 00:12:42,199 Speaker 1: And US dot Index futures are higher, but they have 224 00:12:42,320 --> 00:12:45,280 Speaker 1: been trimming their gains. AVET European shares are rising as 225 00:12:45,320 --> 00:12:48,559 Speaker 1: well as investors parse comments from Federal Reserve officials for 226 00:12:48,640 --> 00:12:50,920 Speaker 1: clues on the face of interest rate hikes, and it 227 00:12:51,000 --> 00:12:53,880 Speaker 1: says the impact of China's widening COVID lockdown. So we 228 00:12:54,000 --> 00:12:56,400 Speaker 1: checked the markets every fifteen minutes throughout the trading day. 229 00:12:56,800 --> 00:12:59,440 Speaker 1: On Bloomberg s and P future is up four points down, 230 00:12:59,520 --> 00:13:02,719 Speaker 1: features up thirty four NASDACK futures up about ten, the 231 00:13:02,840 --> 00:13:05,439 Speaker 1: decks in Germany's up to tenths of upper cent ten. 232 00:13:05,480 --> 00:13:07,840 Speaker 1: Your treasury up ten thirty seconds. You have three point 233 00:13:07,880 --> 00:13:09,960 Speaker 1: seven eight percent. They yield on the two year four 234 00:13:10,040 --> 00:13:13,000 Speaker 1: point four nine percent. Nine x screwed oil is up 235 00:13:13,040 --> 00:13:15,360 Speaker 1: seven tenths percent or fifty five cents at eighty dollars 236 00:13:15,400 --> 00:13:17,880 Speaker 1: fifty nine cents of barrel comex s Gold up half 237 00:13:17,920 --> 00:13:21,120 Speaker 1: percent or eight dollars forty cents at seventeen sixty three announced, 238 00:13:21,520 --> 00:13:23,920 Speaker 1: the euro one point to eight four against the dollar, 239 00:13:24,000 --> 00:13:26,280 Speaker 1: British found one point one eight seven nine, and the 240 00:13:26,320 --> 00:13:29,880 Speaker 1: yet one point to five Bitcoin this morning up eight 241 00:13:29,920 --> 00:13:33,560 Speaker 1: tens percent at fifteen thousand, seven hundred fifty dollars as 242 00:13:33,600 --> 00:13:36,240 Speaker 1: of Bloomberg Business Flash. Now here's Michael bar with more 243 00:13:36,280 --> 00:13:38,800 Speaker 1: on what's going on around the world. Michael Karen, thank 244 00:13:38,840 --> 00:13:41,319 Speaker 1: you very much. An army veteran who helps subdue the 245 00:13:41,360 --> 00:13:44,319 Speaker 1: gunman at a gay club in Colorado Springs credits his 246 00:13:44,400 --> 00:13:47,760 Speaker 1: military training and instincts and helping him disarm the attacker. 247 00:13:48,360 --> 00:13:51,480 Speaker 1: Rich Vieiro says he grabbed the gunman's body armor and 248 00:13:51,559 --> 00:13:55,480 Speaker 1: began punching him. Five people were killed and nineteen were wounded. 249 00:13:55,840 --> 00:13:58,679 Speaker 1: The White House has sent condolences to those killed in 250 00:13:58,720 --> 00:14:01,920 Speaker 1: an earthquake in Indonesia. The death roll from Monday's earthquake 251 00:14:02,040 --> 00:14:05,880 Speaker 1: on Java has climbed two hundred fifty two in the NFL, 252 00:14:06,840 --> 00:14:10,199 Speaker 1: beat the Cardinals thirty eight ten in the NBA, the 253 00:14:10,320 --> 00:14:13,760 Speaker 1: nixt one Celtics and Warriors lost in the NHL. How 254 00:14:13,760 --> 00:14:17,280 Speaker 1: about those Devils thirteen in a row for wins beating 255 00:14:17,320 --> 00:14:20,760 Speaker 1: the Oilers five to the Islanders, one in ot against 256 00:14:20,800 --> 00:14:23,920 Speaker 1: the Maple Leaves three to the Bruins one at Soccer's 257 00:14:23,960 --> 00:14:26,520 Speaker 1: World Cup and cutter the U S and Wales ended 258 00:14:26,560 --> 00:14:28,880 Speaker 1: in a one one drop. Today four games are on 259 00:14:29,000 --> 00:14:32,920 Speaker 1: the slate, including Saudi Arabia leading Argentina one nil. Global 260 00:14:33,000 --> 00:14:35,440 Speaker 1: News twenty four hours a day on air and on 261 00:14:35,560 --> 00:14:39,280 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalist 262 00:14:39,280 --> 00:14:42,160 Speaker 1: and analysts more than a hundred twenty countries. Michael Barr 263 00:14:42,240 --> 00:14:45,280 Speaker 1: and this is Bloomberg. Nathan Okay, Michael. Thanks At six 264 00:14:45,400 --> 00:14:48,760 Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Brokers Studios. 265 00:14:48,840 --> 00:14:51,120 Speaker 1: This is Bloomberg Daybreak, and now we bring you a 266 00:14:51,200 --> 00:14:54,560 Speaker 1: tale of two CEOs. Bob Iger, back at the helmet 267 00:14:54,600 --> 00:14:57,680 Speaker 1: Walt Disney is already signaling a new direction for the 268 00:14:57,840 --> 00:15:01,560 Speaker 1: entertainment giant that he's returned to, While at Twitter changes 269 00:15:01,640 --> 00:15:05,120 Speaker 1: Elon Musk is making or sending heads, spinning and eating 270 00:15:05,200 --> 00:15:08,560 Speaker 1: into the world's richest man's personal fortune. Let's bring in 271 00:15:08,600 --> 00:15:12,280 Speaker 1: Bloomberg Quick Take correspondent Alex Webb for more on this. Alex, 272 00:15:12,600 --> 00:15:16,240 Speaker 1: Welcome back. Bob Iger has sent his first memo it 273 00:15:16,320 --> 00:15:19,520 Speaker 1: was top deputies. What's its signal? It seems to signal 274 00:15:19,560 --> 00:15:21,880 Speaker 1: and return the new Disney much like the old Disney, 275 00:15:21,960 --> 00:15:27,280 Speaker 1: that he's going back to the model creative control. Uh. 276 00:15:27,640 --> 00:15:31,400 Speaker 1: It doesn't run through a central committee but is delegated 277 00:15:31,800 --> 00:15:34,920 Speaker 1: to the relevant heads of studio, which you know had 278 00:15:35,000 --> 00:15:37,880 Speaker 1: been a sticking point of bugbear within Disney. This it 279 00:15:37,960 --> 00:15:40,920 Speaker 1: seemed to being detrimental to morale and was one of 280 00:15:41,080 --> 00:15:44,360 Speaker 1: the factors that seemed to have that seemed to have 281 00:15:45,400 --> 00:15:49,720 Speaker 1: led to his downfall. So he could be making changes 282 00:15:49,880 --> 00:15:53,840 Speaker 1: that could please employees, but what about the direction of 283 00:15:53,880 --> 00:15:57,560 Speaker 1: the company itself? Is it going to please investors? And 284 00:15:57,680 --> 00:16:02,040 Speaker 1: that is clearly the sort of and dollar question. The 285 00:16:02,280 --> 00:16:04,160 Speaker 1: thing that had happened with Disney is that they had 286 00:16:04,200 --> 00:16:08,280 Speaker 1: come under pressure from activist investors to uh scrap the dividend, 287 00:16:08,600 --> 00:16:12,760 Speaker 1: invest the capital in content for Disney plus um with 288 00:16:12,840 --> 00:16:14,840 Speaker 1: the hope that it will become a growth stock akin 289 00:16:14,920 --> 00:16:17,160 Speaker 1: to Netflix and get close to at the time Netflix 290 00:16:17,280 --> 00:16:22,080 Speaker 1: is time is price to earnings multiple um. It did that. 291 00:16:22,240 --> 00:16:25,160 Speaker 1: It overtook Netflix on that basis, But as we've seen 292 00:16:25,200 --> 00:16:28,080 Speaker 1: in recent months, growth stocks have been punished as as 293 00:16:28,120 --> 00:16:30,360 Speaker 1: interest rates have gone up, so now he's got a 294 00:16:30,440 --> 00:16:33,160 Speaker 1: tough decision on whether to actually take more capital away 295 00:16:33,200 --> 00:16:36,280 Speaker 1: from Disney Plus and invest that money or return some 296 00:16:36,400 --> 00:16:39,320 Speaker 1: of that money to shareholders, or whether he doubles down 297 00:16:39,360 --> 00:16:41,160 Speaker 1: but just finds a way of communicating it to the 298 00:16:41,200 --> 00:16:44,120 Speaker 1: market more effectively about why this is a sensible way 299 00:16:44,120 --> 00:16:47,320 Speaker 1: to allocate the company's capital. Is there's still room for 300 00:16:47,680 --> 00:16:51,280 Speaker 1: growth at Disney in terms of M and A? Is 301 00:16:51,760 --> 00:16:56,200 Speaker 1: are there any potential deal targets for Bob Iger? I mean, 302 00:16:56,440 --> 00:16:58,440 Speaker 1: but by get someone who has built the success of 303 00:16:58,520 --> 00:17:00,960 Speaker 1: that company on M and A hard to see from 304 00:17:01,000 --> 00:17:03,960 Speaker 1: an antitrust perspective, how we could do big studio deals. 305 00:17:04,040 --> 00:17:07,440 Speaker 1: There might be, um I p out there discreet deals 306 00:17:07,680 --> 00:17:09,840 Speaker 1: that are possible. There are also, you know, if we 307 00:17:09,960 --> 00:17:13,440 Speaker 1: look at the increasing convergence of content where you know 308 00:17:13,560 --> 00:17:17,600 Speaker 1: we've seen Netflix and take steps into gaming. Um obviously 309 00:17:17,800 --> 00:17:20,800 Speaker 1: you know lots of heat companies are getting into gaming. 310 00:17:21,600 --> 00:17:26,200 Speaker 1: Those sort of areas are possibilities for Disney. But you know, 311 00:17:26,680 --> 00:17:30,160 Speaker 1: this day is you know, it's the question is really 312 00:17:30,200 --> 00:17:32,200 Speaker 1: he's only going to be there for two years, right, 313 00:17:32,320 --> 00:17:36,879 Speaker 1: so making colossal strategic decisions of that nature might be 314 00:17:37,119 --> 00:17:40,400 Speaker 1: a big ask. Instead, it's really about writing the ship 315 00:17:41,119 --> 00:17:43,680 Speaker 1: h and setting it on a on a sensible trajectory 316 00:17:43,720 --> 00:17:46,240 Speaker 1: as far as the investors concerned. As far as the 317 00:17:46,600 --> 00:17:50,240 Speaker 1: ship that is Twitter, it's tough to say that it's 318 00:17:50,320 --> 00:17:52,840 Speaker 1: being righted at this point. It just seems like the 319 00:17:52,960 --> 00:17:57,320 Speaker 1: hits keep on coming for and I guess from Elon Musk. 320 00:17:58,320 --> 00:18:00,800 Speaker 1: It's kind of astonishing that last week we were hearing 321 00:18:01,000 --> 00:18:04,040 Speaker 1: about panic that too many people had had resigned as 322 00:18:04,080 --> 00:18:08,600 Speaker 1: a consequence of his demand that um, that people commit 323 00:18:08,680 --> 00:18:11,720 Speaker 1: to us a quote hardcore version of the company. But 324 00:18:11,920 --> 00:18:13,679 Speaker 1: then it became clear that yes, there might have been 325 00:18:13,720 --> 00:18:17,080 Speaker 1: too many people resigned, but they were too many engineers basically, 326 00:18:17,280 --> 00:18:20,280 Speaker 1: and that he still sees scope to cut the sales staff. Now, 327 00:18:21,160 --> 00:18:24,639 Speaker 1: you know, we don't know for for workings of Ellens thinking, 328 00:18:24,760 --> 00:18:28,600 Speaker 1: but given the things we're seeing about how advertisers are 329 00:18:28,640 --> 00:18:32,080 Speaker 1: backing away from Twitter, you might assume that sales staff 330 00:18:32,119 --> 00:18:34,159 Speaker 1: would be kind of important in that context because they 331 00:18:34,200 --> 00:18:37,639 Speaker 1: have the relationships with the brands. So, um, you know 332 00:18:37,920 --> 00:18:40,239 Speaker 1: Elon's company, he can do what he wants with it. Uh, 333 00:18:41,200 --> 00:18:43,919 Speaker 1: we don't aren't going to have visibility into their earnings 334 00:18:43,960 --> 00:18:45,240 Speaker 1: and the way we did when they were a publicly 335 00:18:45,240 --> 00:18:49,600 Speaker 1: traded company. But all these steps seem to be asking 336 00:18:49,680 --> 00:18:52,320 Speaker 1: more questions than they're answering. Yeah, and it's putting a 337 00:18:52,400 --> 00:18:57,040 Speaker 1: lot more concerned for Tesla investors as well. With the 338 00:18:57,119 --> 00:18:59,480 Speaker 1: focus now on Twitter, is it fair to tie the 339 00:18:59,560 --> 00:19:02,640 Speaker 1: drop in us personal fortune to this new focus on Twitter. 340 00:19:02,680 --> 00:19:06,639 Speaker 1: We got about thirty seconds left here. Um Tesler was 341 00:19:06,800 --> 00:19:09,480 Speaker 1: for a long time people said that it was, you know, overvalued, 342 00:19:10,040 --> 00:19:14,399 Speaker 1: the distraction of Twitter. You may well have been a factor, 343 00:19:14,760 --> 00:19:16,919 Speaker 1: but there's a rerating of a lot of these gross stalks, 344 00:19:16,960 --> 00:19:19,720 Speaker 1: and you know that made that probably is a bigger 345 00:19:19,720 --> 00:19:22,919 Speaker 1: consideration than if you all right, alex Web has always 346 00:19:22,960 --> 00:19:24,880 Speaker 1: great to have you on with us. Alex Web Bloomberg 347 00:19:24,960 --> 00:19:28,080 Speaker 1: Quick take correspondent with us this morning, looking ahead to 348 00:19:28,080 --> 00:19:31,080 Speaker 1: the market open. We have SMP futures just a little 349 00:19:31,119 --> 00:19:33,240 Speaker 1: bit higher, up four points. Right now. Dal future is 350 00:19:33,280 --> 00:19:37,320 Speaker 1: up twenty seven points. Nasdaq futures highed by ten points. 351 00:19:37,359 --> 00:19:40,119 Speaker 1: It's pretty much a little change to the upside as 352 00:19:40,160 --> 00:19:42,399 Speaker 1: far as the futures contracts go. At the moment. The 353 00:19:42,440 --> 00:19:45,919 Speaker 1: tenure Treasury is moving higher up eleven thirty seconds, dropping 354 00:19:45,920 --> 00:19:48,359 Speaker 1: the yield down to three point and the yield on 355 00:19:48,440 --> 00:19:52,040 Speaker 1: the two year right now four point four nine percent, 356 00:19:52,520 --> 00:19:56,119 Speaker 1: just to head the latest on the crypto contagion and 357 00:19:56,680 --> 00:20:01,800 Speaker 1: more FED speakers signaling their need to reconsider the rate 358 00:20:01,880 --> 00:20:08,600 Speaker 1: hike pace. This is Bloomberg Bloomberg eleven three oh weather 359 00:20:08,680 --> 00:20:11,840 Speaker 1: mostly sunny, upper forties today, mid thirties for lows tonight. 360 00:20:11,880 --> 00:20:14,840 Speaker 1: It will be mostly sunny tomorrow, low fifties, the high 361 00:20:14,920 --> 00:20:18,040 Speaker 1: near fifty, partly sunny on Thanksgiving Day Right now thirty 362 00:20:18,119 --> 00:20:25,000 Speaker 1: eight in Central Park, broadcasting live from the Bloomberg Interacted 363 00:20:25,080 --> 00:20:28,920 Speaker 1: Broker studio in New York. Bloomberg E living freo to Washington, 364 00:20:29,040 --> 00:20:32,359 Speaker 1: d C, Bloomberg ninety nine one to Boston, Bloomberg one 365 00:20:32,440 --> 00:20:35,600 Speaker 1: O six one to San Francisco, Bloomberg non sixty to 366 00:20:35,680 --> 00:20:38,840 Speaker 1: the country, Sirius XM Chado one nine and around the 367 00:20:38,880 --> 00:20:42,320 Speaker 1: globe the Bloomberg Business app in Bloomberg Radio dot Com. 368 00:20:42,760 --> 00:20:51,600 Speaker 1: This is Bloomberg Daybreak hits six thirty on Wall Street. 369 00:20:51,640 --> 00:20:54,480 Speaker 1: Good morning, I'm Nathan Hacker and I'm Karen Moscow, and 370 00:20:54,560 --> 00:20:56,840 Speaker 1: we are just about three hours away from the open 371 00:20:56,880 --> 00:20:59,080 Speaker 1: of US training. It's time for the five things that 372 00:20:59,200 --> 00:21:01,560 Speaker 1: you need to notice start your day. Brolty you buy 373 00:21:01,720 --> 00:21:05,280 Speaker 1: Interactive brokers i dk ur event Trader offers a new 374 00:21:05,320 --> 00:21:08,159 Speaker 1: way to trade futures. Use event contracts to trade your 375 00:21:08,200 --> 00:21:11,679 Speaker 1: opinion on yes or no questions and key CME futures markets. 376 00:21:12,040 --> 00:21:15,560 Speaker 1: Learn more at a vent trader dot Interactive Brokers dot com. 377 00:21:16,160 --> 00:21:19,119 Speaker 1: At first, we begin with more turmoil and crypto, with 378 00:21:19,200 --> 00:21:23,360 Speaker 1: another firm warning of a possible bankruptcy Bloomberg. Steve Rappaport 379 00:21:23,480 --> 00:21:26,200 Speaker 1: joins us Live in New York with the latest. Good morning, Steve, 380 00:21:26,400 --> 00:21:30,200 Speaker 1: Good morning. Crypto company Genesis is telling potential investors it's 381 00:21:30,200 --> 00:21:33,280 Speaker 1: struggling to court new capital. Genesis is making a push 382 00:21:33,359 --> 00:21:36,240 Speaker 1: for cash after the collapse of crypto exchange f t X. 383 00:21:36,560 --> 00:21:39,240 Speaker 1: We're learning more about bank bankruptcy. A new filing shows 384 00:21:39,280 --> 00:21:42,440 Speaker 1: FT Excidents affiliates had a combined cash balance of one 385 00:21:42,520 --> 00:21:46,200 Speaker 1: point to four billion dollars. That's a significantly higher amount 386 00:21:46,240 --> 00:21:48,840 Speaker 1: and debtors were able to substantiate in the latest tally. 387 00:21:49,080 --> 00:21:52,720 Speaker 1: Live in New York, I'm Steve Rappaport, Bloomberg Daybreak. All right, Steve, thanks. 388 00:21:52,760 --> 00:21:56,240 Speaker 1: San Francisco Fed president Mary Daily and Cleveland's Laurentamester warning 389 00:21:56,280 --> 00:21:59,240 Speaker 1: inflation remains too high, but Daily thinks the Fed should 390 00:21:59,240 --> 00:22:01,879 Speaker 1: consider its pay of rate hikes. As we work to 391 00:22:01,960 --> 00:22:05,320 Speaker 1: bring policy to what we call a sufficiently restrictive stance, 392 00:22:05,600 --> 00:22:08,639 Speaker 1: which really, in simple terms, means the level required to 393 00:22:08,680 --> 00:22:11,959 Speaker 1: bring inflation down and restore price stability, we will need 394 00:22:12,000 --> 00:22:16,160 Speaker 1: to be mindful. Adjusting too little we'll leave inflation too high, 395 00:22:16,560 --> 00:22:21,000 Speaker 1: and adjusting too much could lead to an unnecessarily painful downturn. 396 00:22:21,200 --> 00:22:24,280 Speaker 1: San Francisco FED president Mary Daily made those comments yesterday 397 00:22:24,359 --> 00:22:28,760 Speaker 1: in California. Nathan turning to corporate News now, Disney's returning CEO, 398 00:22:28,840 --> 00:22:31,880 Speaker 1: Bob Iger is asking top deputies to rethink the company's 399 00:22:31,920 --> 00:22:35,440 Speaker 1: corporate structure. We're also learning about Iger's new salary. He'll 400 00:22:35,480 --> 00:22:38,160 Speaker 1: make twenty seven million dollars a year under his new 401 00:22:38,320 --> 00:22:41,359 Speaker 1: two year agreement. As for twittercar and employees there aren't 402 00:22:41,359 --> 00:22:44,600 Speaker 1: sure what's next after the company laid off more sales workers. Sunday, 403 00:22:44,680 --> 00:22:48,440 Speaker 1: Bloomberg's camera Leach says employees feel Twitter's lacking directions so 404 00:22:48,600 --> 00:22:50,840 Speaker 1: much money they have to cut and it seems like 405 00:22:50,920 --> 00:22:53,000 Speaker 1: Ellen thinks that salars is the best way to do 406 00:22:53,160 --> 00:22:56,280 Speaker 1: that by decreasing his head account. And everybody's on their 407 00:22:56,320 --> 00:22:59,120 Speaker 1: toes walking toto X shows Bloomberg's camera. Leach adds Elon 408 00:22:59,200 --> 00:23:01,960 Speaker 1: Musk will hold off launching his Blue Verified feature until 409 00:23:02,000 --> 00:23:05,360 Speaker 1: there's high confidence of stopping fake accounts, and Nathan Well 410 00:23:05,440 --> 00:23:08,720 Speaker 1: Musk remains the world's richest person. His fortune declined by 411 00:23:08,760 --> 00:23:11,480 Speaker 1: more than a hundred billion dollars so far this year. 412 00:23:11,560 --> 00:23:15,280 Speaker 1: According to the Bloomberg Billionaire's Index, Elon Musk's wealth has 413 00:23:15,359 --> 00:23:18,720 Speaker 1: fallen to just under one hundred seventy billion dollars. And 414 00:23:18,840 --> 00:23:20,760 Speaker 1: as the five things that you need to notice start 415 00:23:20,840 --> 00:23:24,400 Speaker 1: your day, brought to you by Interactive Brokers and Futures 416 00:23:24,520 --> 00:23:27,359 Speaker 1: this morning are on the rise, s andp Futures at 417 00:23:27,440 --> 00:23:30,920 Speaker 1: five points straight ahead, your latest local headlines, plus a 418 00:23:31,000 --> 00:23:39,000 Speaker 1: check of sports. And this is Bloomberg, right, Thank you, Karen. 419 00:23:39,040 --> 00:23:41,280 Speaker 1: Six thirty three now on Wall Street, thirty seven degrees 420 00:23:41,400 --> 00:23:43,280 Speaker 1: in Central Park and we got a new crash southbound 421 00:23:43,320 --> 00:23:45,600 Speaker 1: Merritt Parkway at exit thirty one. We'll tell you more 422 00:23:45,600 --> 00:23:47,840 Speaker 1: in traffic. First, Michael Barr has what else is going 423 00:23:47,880 --> 00:23:50,080 Speaker 1: on in New York and around the world. Good morning, Michael, 424 00:23:50,160 --> 00:23:53,280 Speaker 1: Good morning, Nathan. New York City police are adding protection 425 00:23:53,400 --> 00:23:56,280 Speaker 1: at synagogue is following the weekend arrests of two men 426 00:23:56,359 --> 00:23:59,359 Speaker 1: in connection with a threat to attack. Twenty one year 427 00:23:59,400 --> 00:24:03,400 Speaker 1: old Christopher Brown told police he has a sick personality, 428 00:24:03,760 --> 00:24:06,800 Speaker 1: and court records said he tweeted that he was going 429 00:24:06,920 --> 00:24:09,919 Speaker 1: to ask a priest if he should become a husband 430 00:24:10,040 --> 00:24:13,160 Speaker 1: or shoot up a synagogue and die. Mayor Eric Adams 431 00:24:13,200 --> 00:24:17,000 Speaker 1: said it wasn't an idle threat to have a person armed, 432 00:24:17,640 --> 00:24:23,680 Speaker 1: would have the means, the hate, and the desire to 433 00:24:24,119 --> 00:24:27,560 Speaker 1: carry out a crime of this magnitude is serious. Mayor 434 00:24:27,640 --> 00:24:31,000 Speaker 1: Adams says police recovered a glock semi automatic firearm with 435 00:24:31,080 --> 00:24:34,399 Speaker 1: an extended magazine, a large hunting knife, and a Nazi 436 00:24:34,560 --> 00:24:37,920 Speaker 1: arm band. The NYPD arrested Brown and a companion, both 437 00:24:38,000 --> 00:24:41,239 Speaker 1: of whom have pleaded not guilty. An army veteran who 438 00:24:41,320 --> 00:24:43,920 Speaker 1: helped subdue the gunman at a gay club in Colorado 439 00:24:44,000 --> 00:24:47,760 Speaker 1: Springs credits his military training and instincts in helping him 440 00:24:47,800 --> 00:24:51,600 Speaker 1: disarm the attacker. Rich Fierro told reporters how he grabbed 441 00:24:51,640 --> 00:24:54,600 Speaker 1: the gunman's body armor and began punching him and grabbed 442 00:24:54,600 --> 00:24:57,119 Speaker 1: the pistol from him, and then I told the guy 443 00:24:57,240 --> 00:24:58,720 Speaker 1: moved to a r the kid in front of me, 444 00:24:58,920 --> 00:25:01,000 Speaker 1: he was at his head. I said, well, they are 445 00:25:01,080 --> 00:25:02,919 Speaker 1: get the a r away from and the kid did 446 00:25:03,000 --> 00:25:06,200 Speaker 1: it and then I started whaling in this dude, authority, 447 00:25:06,280 --> 00:25:09,000 Speaker 1: say Fierro and another man stopped the shooter after he 448 00:25:09,080 --> 00:25:12,520 Speaker 1: began spraying bullets inside Club Q on Saturday night. The 449 00:25:12,600 --> 00:25:17,640 Speaker 1: rampage killed five people and wounded nineteen. Rescuers and searchers 450 00:25:17,920 --> 00:25:21,080 Speaker 1: for bodies and survivors in the rubble of buildings that 451 00:25:21,240 --> 00:25:23,680 Speaker 1: collapsed in an earthquake that killed at least two hundred 452 00:25:23,720 --> 00:25:27,439 Speaker 1: fifty two people on Indonesia's main island of Java, injured 453 00:25:27,520 --> 00:25:31,159 Speaker 1: hundreds more if they are in continuing. Heavy equipment was 454 00:25:31,240 --> 00:25:34,920 Speaker 1: sent overnight to reach the hardest hit city of Sander, 455 00:25:35,440 --> 00:25:39,040 Speaker 1: south of Jakarta. White House press secretary Karine jam Pierre. 456 00:25:39,400 --> 00:25:42,640 Speaker 1: We're shocked and said by the devastating loss of life 457 00:25:42,720 --> 00:25:47,960 Speaker 1: and in destruction following the earthquake in Indonesia's West Java province. 458 00:25:49,440 --> 00:25:52,440 Speaker 1: Fight House spokesperson Karine Jean Pierre says the US is 459 00:25:52,520 --> 00:25:56,639 Speaker 1: standing by to provide aid and support. Reality TV stars 460 00:25:56,680 --> 00:25:59,480 Speaker 1: Tom and Julie Crisley are going to prison. The pair 461 00:25:59,640 --> 00:26:03,280 Speaker 1: from the USA networks Crisly Knows Best, were sentenced after 462 00:26:03,359 --> 00:26:06,680 Speaker 1: being convicted of bank fraud and tax evasion. Todd Chrisley 463 00:26:06,760 --> 00:26:09,600 Speaker 1: was sentenced to twelve years. Julie Cristley was sentenced to 464 00:26:09,680 --> 00:26:12,560 Speaker 1: seven years. Global was twenty four hours a day on 465 00:26:12,720 --> 00:26:15,159 Speaker 1: here and on Bloomberg Quick Take, powered by more than 466 00:26:15,240 --> 00:26:17,560 Speaker 1: twenty seven hundred journalists and analysts more than a hundred 467 00:26:17,560 --> 00:26:21,639 Speaker 1: twenty countries. Michael Barr and this is Bloomberg. Nathan, Thanks Michael. 468 00:26:26,280 --> 00:26:28,080 Speaker 1: Just about six thirty six on Wall Street. Time for 469 00:26:28,080 --> 00:26:30,200 Speaker 1: the Bloomberg Sports Update, brought to you by Tri State 470 00:26:30,240 --> 00:26:32,359 Speaker 1: out He Here's John Stash hour right. Nathan and Nix 471 00:26:32,440 --> 00:26:34,760 Speaker 1: are headed home a challenging five game road trip. They 472 00:26:34,800 --> 00:26:38,200 Speaker 1: won three times. Avengers of recent home lost to Oklahoma City. 473 00:26:38,240 --> 00:26:41,240 Speaker 1: They beat the Thunder one nine O one nineteen Jalen 474 00:26:41,280 --> 00:26:44,080 Speaker 1: Brunson's best games and Nick thirty four points nine assists. 475 00:26:44,080 --> 00:26:46,919 Speaker 1: Both Julius Randall and r. J. Barrett scored twenty five 476 00:26:47,160 --> 00:26:49,760 Speaker 1: eighty four points from three guys and Newark are the 477 00:26:49,800 --> 00:26:52,200 Speaker 1: win for the Devil's five two over Edmonton. That's thirteen 478 00:26:52,280 --> 00:26:54,119 Speaker 1: wins in a row to tie the club record. They 479 00:26:54,160 --> 00:26:57,200 Speaker 1: can break the mark tomorrow against Toronto. The Islanders just 480 00:26:57,320 --> 00:26:59,040 Speaker 1: beat the may Police. They tied the game and a 481 00:26:59,160 --> 00:27:01,119 Speaker 1: Josh Bailey goal three minutes left, and then they won 482 00:27:01,560 --> 00:27:04,200 Speaker 1: three two on an overtime go by Anthony Bavillier. St. 483 00:27:04,280 --> 00:27:07,600 Speaker 1: John's is five and oh Bi Temple two at the 484 00:27:07,680 --> 00:27:10,280 Speaker 1: Barkley Center. World Cup opener for the US one one 485 00:27:10,359 --> 00:27:13,200 Speaker 1: time with Wales. Friday, US plays England will be to 486 00:27:13,320 --> 00:27:16,520 Speaker 1: Rand six to two. There is an upset brewing right 487 00:27:16,600 --> 00:27:20,560 Speaker 1: now in Qatar. Second half, Saudi Arabia leads Argentina to one, 488 00:27:21,000 --> 00:27:23,760 Speaker 1: Mexico City forty be the Arizona thirty eight to ten, 489 00:27:23,880 --> 00:27:27,320 Speaker 1: four touchdown passes for Jimmy Garoppolo to the Brandon Io 490 00:27:27,440 --> 00:27:30,000 Speaker 1: to the George Kittle. The Cardinals were without there starting 491 00:27:30,080 --> 00:27:33,440 Speaker 1: QB Kyler Murray, who will be the Jets quarterback this Sunday. 492 00:27:33,600 --> 00:27:35,639 Speaker 1: Jets coach is Robert Sala. I'm going to get to 493 00:27:35,680 --> 00:27:38,320 Speaker 1: the tape and just evaluate everything, and uh, I'll leave 494 00:27:38,359 --> 00:27:40,920 Speaker 1: it at that. We're keeping everything on the table for 495 00:27:41,000 --> 00:27:44,680 Speaker 1: the next couple of days. So so you're not committing 496 00:27:44,720 --> 00:27:46,800 Speaker 1: to Zach as your started for something now right now? 497 00:27:46,880 --> 00:27:49,440 Speaker 1: None tell them? Tell me evaluating everything. Sala had previously 498 00:27:49,520 --> 00:27:52,000 Speaker 1: been firm in his commitment to Zach Wilson, who then 499 00:27:52,040 --> 00:27:54,640 Speaker 1: struggled mightily and Sunday's lost in New England. The current 500 00:27:54,760 --> 00:27:58,160 Speaker 1: jet backup is Mike White the Jets on Sunday host 501 00:27:58,280 --> 00:28:01,159 Speaker 1: the Bears. They may not have their to back Justin Fields, 502 00:28:01,200 --> 00:28:03,359 Speaker 1: who has been playing great lately, but he's got an 503 00:28:03,400 --> 00:28:06,640 Speaker 1: injured child. Dark Fish that were Bloomberg Sports Nathan Okay, 504 00:28:06,720 --> 00:28:08,879 Speaker 1: John Thanks six thirty seven on Wall Straight, Time to 505 00:28:08,920 --> 00:28:11,159 Speaker 1: take a look at stock, some of the early market 506 00:28:11,280 --> 00:28:15,600 Speaker 1: moving the names with Bloomberg Radio and TV Markets correspondent 507 00:28:15,720 --> 00:28:17,879 Speaker 1: Crety Gupta, Crety, good morning. Of course we saw that 508 00:28:18,080 --> 00:28:21,600 Speaker 1: big pop in Disney shares on word Bob Iger's coming 509 00:28:21,600 --> 00:28:24,080 Speaker 1: back to CEO. How's the stock doing now that he's 510 00:28:24,440 --> 00:28:27,639 Speaker 1: starting to settle in starting to settle in sending out 511 00:28:27,680 --> 00:28:30,160 Speaker 1: a memo to the staff explaining some of the changes. 512 00:28:30,320 --> 00:28:31,840 Speaker 1: Of course, the shares are taking a little bit of 513 00:28:31,920 --> 00:28:35,439 Speaker 1: a breather. Remember after a massive rally like yesterday's natural 514 00:28:35,520 --> 00:28:37,000 Speaker 1: to see a little bit of a pullback, and that's 515 00:28:37,040 --> 00:28:39,200 Speaker 1: exactly what Disney shares are doing. D I s is 516 00:28:39,200 --> 00:28:42,800 Speaker 1: your taker down about three tenths of one percent? Really 517 00:28:43,080 --> 00:28:44,680 Speaker 1: In that memo he just talked about kind of the 518 00:28:44,760 --> 00:28:46,160 Speaker 1: change that are being made. He also said that the 519 00:28:46,240 --> 00:28:50,440 Speaker 1: head of Media Distribution, Kareem Daniel will leave the company. Nevertheless, 520 00:28:50,480 --> 00:28:52,560 Speaker 1: it's not enough to really shake a lot of the 521 00:28:52,600 --> 00:28:54,840 Speaker 1: momentum you saw in those shares. Let's see what Bob 522 00:28:54,920 --> 00:28:58,720 Speaker 1: Iger actually does to actually give Disney some a little 523 00:28:58,760 --> 00:29:01,720 Speaker 1: bit more room to rally or fall for that matter. 524 00:29:02,080 --> 00:29:04,120 Speaker 1: Um So certainly something we're keeping eye on as well 525 00:29:04,240 --> 00:29:08,920 Speaker 1: as earnings. Nathan, Earnings never ends, Zoom specifically coming out 526 00:29:09,040 --> 00:29:13,080 Speaker 1: and talking about a business slowing and trimming their forecast, 527 00:29:13,120 --> 00:29:15,560 Speaker 1: those shares down about nine percent in the pre market 528 00:29:15,720 --> 00:29:18,200 Speaker 1: street really saying well, they really have to find the 529 00:29:18,320 --> 00:29:21,480 Speaker 1: extra leg of growth otherwise it's just no dice for them. 530 00:29:21,840 --> 00:29:24,000 Speaker 1: And what's really important is that the results were actually 531 00:29:24,080 --> 00:29:26,160 Speaker 1: better than fear. But what they're concerned about is that 532 00:29:26,600 --> 00:29:28,600 Speaker 1: once again that this isn't going to be a long 533 00:29:28,720 --> 00:29:30,520 Speaker 1: term narrative and they really have to find a way 534 00:29:30,800 --> 00:29:33,240 Speaker 1: to diversify. And that's the theme that you're seeing really 535 00:29:33,480 --> 00:29:37,640 Speaker 1: across the board, from Chips to Disney to um, you know, 536 00:29:37,760 --> 00:29:39,680 Speaker 1: you name it. And that's going to be a big 537 00:29:39,720 --> 00:29:43,760 Speaker 1: thing for Zoom as well, even as a software company. Yeah, forward, 538 00:29:44,000 --> 00:29:46,800 Speaker 1: and it's not just the earnings that never end, So 539 00:29:46,960 --> 00:29:51,840 Speaker 1: do analyst recommendations. So to analyst recommendations, Um, I wonder 540 00:29:51,880 --> 00:29:54,480 Speaker 1: what job that job is like. Let's start with Activision. 541 00:29:54,560 --> 00:29:56,760 Speaker 1: A t V I is your taker share shop at 542 00:29:56,840 --> 00:29:59,280 Speaker 1: four zero point four per cents or four tenths of 543 00:29:59,360 --> 00:30:03,200 Speaker 1: one percent, they're getting an upgrade over at Uh. Let's 544 00:30:03,200 --> 00:30:05,240 Speaker 1: look at this Beard, excuse me. On some of these 545 00:30:05,680 --> 00:30:08,000 Speaker 1: big moves in the macrosphere, they get to an outperformed 546 00:30:08,040 --> 00:30:11,320 Speaker 1: from a neutral. But on the same vein Beard also 547 00:30:11,480 --> 00:30:14,480 Speaker 1: downgraded Airbnb. And this is really interesting because in the 548 00:30:14,560 --> 00:30:17,480 Speaker 1: recovery trade, Nathan, it was the opposite. It was Airbnb 549 00:30:17,760 --> 00:30:20,680 Speaker 1: was upgraded, Activision was down graded. So it looks like 550 00:30:20,680 --> 00:30:23,080 Speaker 1: they're making a little bit of a U turn here. Nevertheless, 551 00:30:23,200 --> 00:30:26,080 Speaker 1: off that upgrade, you are seeing Activision Blizzard up about 552 00:30:26,120 --> 00:30:29,160 Speaker 1: four tenths of one percent. Airbnb, though, is under pressure. 553 00:30:29,240 --> 00:30:31,760 Speaker 1: A b n B is your ticker down one point 554 00:30:31,840 --> 00:30:34,320 Speaker 1: two percent. And when it comes to Airbnb, they're talking 555 00:30:34,320 --> 00:30:37,520 Speaker 1: about despite a pretty positive long term view, they are 556 00:30:37,600 --> 00:30:39,520 Speaker 1: really concerned about just how much people are going to 557 00:30:39,560 --> 00:30:42,080 Speaker 1: start be spending on discretionary travel. If you're worried about 558 00:30:42,080 --> 00:30:45,080 Speaker 1: a recession, are you going to be spending um extra money? 559 00:30:45,160 --> 00:30:49,000 Speaker 1: On a vacation for example, Uh, Nathan, obviously it doesn't 560 00:30:49,000 --> 00:30:52,960 Speaker 1: include me. I'm I'm planning summer. I can tell yeah, 561 00:30:53,280 --> 00:30:55,760 Speaker 1: you look like you're ready to go, even in these 562 00:30:55,840 --> 00:30:59,959 Speaker 1: winter temperatures. Good reason to go, really bloom for Radio two, 563 00:31:00,040 --> 00:31:02,760 Speaker 1: the markets correspondent pretty grouped keeping an eye on the 564 00:31:03,120 --> 00:31:06,040 Speaker 1: pre market trade while she's still in the office waiting 565 00:31:06,080 --> 00:31:09,120 Speaker 1: for that vacation. As far as the broader market, a 566 00:31:09,200 --> 00:31:11,520 Speaker 1: little bit of change going on here SMP futures little 567 00:31:11,600 --> 00:31:14,080 Speaker 1: change now up just one point down, futures up thirteen. 568 00:31:14,120 --> 00:31:16,040 Speaker 1: Nest Act futures have turned a little bit lower. Now 569 00:31:16,120 --> 00:31:23,120 Speaker 1: they are down eight points. This is Bloomberg Bam. Bloomberg 570 00:31:23,160 --> 00:31:25,120 Speaker 1: Sports was brought to you by Audie. Don't let someone 571 00:31:25,160 --> 00:31:27,520 Speaker 1: else drive off in the autie model. You've always wanted 572 00:31:27,520 --> 00:31:29,920 Speaker 1: to visit your local tri state autie dealer to get 573 00:31:29,960 --> 00:31:32,320 Speaker 1: behind the wheel of yours today, or visit autie Offers 574 00:31:32,440 --> 00:31:39,120 Speaker 1: dot com for more information, markets headlines and breaking news 575 00:31:39,240 --> 00:31:41,840 Speaker 1: twenty four hours a day at Bloomberg dot Com, the 576 00:31:41,920 --> 00:31:46,040 Speaker 1: Bloomberg Business Out and at Bloomberg Quicktape. He's a Bloomberg 577 00:31:46,080 --> 00:31:56,640 Speaker 1: Business Clash and I'm Karen Moscow and futures have been 578 00:31:56,720 --> 00:32:00,400 Speaker 1: giving up their gain. SMP future is now little change. 579 00:32:00,560 --> 00:32:02,560 Speaker 1: Let's go to the First Word breaking news desk for 580 00:32:02,680 --> 00:32:05,880 Speaker 1: today's morning call, and here's Bill Maloney. Bill, good morning, 581 00:32:06,840 --> 00:32:09,560 Speaker 1: and good morning Karen. You his features are quiet right now, 582 00:32:09,600 --> 00:32:11,760 Speaker 1: a death futures hired by twenty points. Like you said, 583 00:32:11,880 --> 00:32:14,640 Speaker 1: smps are a little changed. And as the futures are 584 00:32:14,680 --> 00:32:17,440 Speaker 1: down by eleven, the US ten year old at three 585 00:32:17,480 --> 00:32:20,160 Speaker 1: point seven nine percent, Gold is up nine, oil is 586 00:32:20,200 --> 00:32:24,120 Speaker 1: trading higher, and bitcoin is little changed. Hong Kong fell 587 00:32:24,200 --> 00:32:27,160 Speaker 1: one point three overnight, while up markets are trading in 588 00:32:27,240 --> 00:32:29,440 Speaker 1: the green this morning, and back in the US on 589 00:32:29,480 --> 00:32:32,480 Speaker 1: the economic front, at ten o'clock, Richmond fed after the 590 00:32:32,520 --> 00:32:35,960 Speaker 1: bellas night, Zoom Video reported its slowest quarterly sales growth 591 00:32:36,080 --> 00:32:38,920 Speaker 1: on record, shares it out nine percent in the pre 592 00:32:39,040 --> 00:32:42,400 Speaker 1: market and regarding earnings this morning, Metronic was mixed and 593 00:32:42,480 --> 00:32:44,920 Speaker 1: also looked for best buy. Dick Sporting and Dollar Try 594 00:32:45,000 --> 00:32:47,920 Speaker 1: to report in the pre market. In the crypto space, 595 00:32:48,080 --> 00:32:51,040 Speaker 1: people familiar said that Genesis saught at least one billion 596 00:32:51,080 --> 00:32:54,360 Speaker 1: in fresh capital in recent days, and another news carl 597 00:32:54,520 --> 00:32:57,760 Speaker 1: Icon is said to hold a large game stop short position. 598 00:32:58,240 --> 00:33:00,680 Speaker 1: Wrapping things up, Black Stone was cut to underperform at 599 00:33:00,760 --> 00:33:03,560 Speaker 1: create Sweet Lift, cut to market perform ed Cowen and 600 00:33:03,640 --> 00:33:06,920 Speaker 1: Sochl Brothers was raised to overweight. Well read JP Morgan 601 00:33:07,520 --> 00:33:10,040 Speaker 1: Live from the first to breaking new Stacon Boom Maloney care, 602 00:33:10,520 --> 00:33:12,600 Speaker 1: great Bill, Thanks and here live breaking news of your 603 00:33:12,640 --> 00:33:15,120 Speaker 1: Bloomberg type squawk on your term it. I'll ask you 604 00:33:15,400 --> 00:33:17,760 Speaker 1: a w K and that's a Bloomberg business flash. Now 605 00:33:17,840 --> 00:33:20,120 Speaker 1: here's Michael Barr with Moore on what's going on around 606 00:33:20,160 --> 00:33:23,000 Speaker 1: the world. Michael Karen, thank you very much. Army veteran 607 00:33:23,160 --> 00:33:26,320 Speaker 1: Richard Firero credits his training and the Armed forces for 608 00:33:26,440 --> 00:33:30,160 Speaker 1: taking down the gunman that storm Club Q, often called 609 00:33:30,200 --> 00:33:34,120 Speaker 1: a safe place for the LGBTQ community, police say the 610 00:33:34,160 --> 00:33:36,560 Speaker 1: twenty two year old suspects stormed into the club and 611 00:33:36,640 --> 00:33:40,400 Speaker 1: opened fire, killing five and injuring many others. The jury 612 00:33:40,440 --> 00:33:43,800 Speaker 1: and the January six insurrection trial of Oath Keepers founders 613 00:33:43,840 --> 00:33:48,360 Speaker 1: Stewart Rhodes and four associates will begin deliberations today. In 614 00:33:48,480 --> 00:33:52,840 Speaker 1: the NFL, beat the Cardinals eight ten in the NBA. 615 00:33:53,000 --> 00:33:56,280 Speaker 1: The next one, the Celtics and Warriors lost. In the NHL, 616 00:33:56,400 --> 00:33:59,800 Speaker 1: the Devil's won the thirteen straight beating the Oilers five 617 00:33:59,840 --> 00:34:02,920 Speaker 1: to the Islanders won and ot against the Maple Leafs, 618 00:34:02,960 --> 00:34:06,520 Speaker 1: three to the Bruins, one at Soccer's World Cup the 619 00:34:06,680 --> 00:34:09,759 Speaker 1: US and Wales and a one one draw. Today four 620 00:34:09,880 --> 00:34:13,000 Speaker 1: games are on the slate right now. Saudi Arabia is 621 00:34:13,080 --> 00:34:16,320 Speaker 1: leaving Argentina to one Global News twenty four hours a 622 00:34:16,440 --> 00:34:19,799 Speaker 1: day on air and on Bloomberg Quicktake, powered by more 623 00:34:19,880 --> 00:34:22,200 Speaker 1: than twenty seven of your journalist and analysts more than 624 00:34:22,640 --> 00:34:25,759 Speaker 1: twenty countries. Michael Barr, this is Bloomberg. Carry all right, 625 00:34:25,840 --> 00:34:28,479 Speaker 1: Michael Barr, Thank you at A sixty nine on Wall Street, 626 00:34:28,520 --> 00:34:30,799 Speaker 1: and we turned to news and science and technology now 627 00:34:31,120 --> 00:34:33,759 Speaker 1: with the Bloomberg n j I T STEM Report brought 628 00:34:33,840 --> 00:34:36,680 Speaker 1: to you buy New Jersey Institute of Technology and j 629 00:34:36,840 --> 00:34:39,440 Speaker 1: I T has joined with McKinsey and Company to establish 630 00:34:39,480 --> 00:34:44,960 Speaker 1: a Mackenzy Digital Capability Center specializing in biopharma manufacturing. Learn 631 00:34:45,000 --> 00:34:47,040 Speaker 1: more at n j I T DOT E d U 632 00:34:47,560 --> 00:34:50,919 Speaker 1: and here's just making news and science, technology, engineering and math. 633 00:34:51,320 --> 00:34:54,520 Speaker 1: In China, an increase in COVID cases has led local 634 00:34:54,600 --> 00:34:59,160 Speaker 1: authorities into reintroducing measures like expanding testing and lockdowns. It's 635 00:34:59,160 --> 00:35:01,640 Speaker 1: now estimated at a fifth of the country's economy has 636 00:35:01,680 --> 00:35:05,160 Speaker 1: been affected. That's despite the central government's call for more targeted, 637 00:35:05,320 --> 00:35:09,480 Speaker 1: less disruptive COVID zero measures, and the report finds women 638 00:35:09,560 --> 00:35:11,920 Speaker 1: are spending more time in the early iterations of the 639 00:35:12,000 --> 00:35:14,920 Speaker 1: metaverse and are more likely to spearhead initiatives in the 640 00:35:15,000 --> 00:35:18,200 Speaker 1: new and developing next generation of the Internet. The McKinsey 641 00:35:18,280 --> 00:35:21,480 Speaker 1: and Company survey found men still hold nine of executive 642 00:35:21,520 --> 00:35:25,520 Speaker 1: positions at organizations shaping this emerging economy. It indicated that 643 00:35:25,600 --> 00:35:29,879 Speaker 1: women are also implementing metaverse initiatives at their companies more 644 00:35:30,000 --> 00:35:33,800 Speaker 1: often than men. And Now, says O'Ryan, capsule reached the 645 00:35:33,880 --> 00:35:37,440 Speaker 1: Moon Monday, whipping around the far side and buzzing the 646 00:35:37,520 --> 00:35:40,240 Speaker 1: lunar surface on its way to a record breaking orbit 647 00:35:40,360 --> 00:35:43,200 Speaker 1: with test stummies sitting in for astronauts. It's the first 648 00:35:43,280 --> 00:35:46,440 Speaker 1: time a capsule has visited the Moon since NASA's Apollo 649 00:35:46,520 --> 00:35:50,239 Speaker 1: program fifty years ago and represents a huge milestone in 650 00:35:50,280 --> 00:35:53,319 Speaker 1: the four point one billion dollar test flight that began 651 00:35:53,520 --> 00:35:56,040 Speaker 1: last week. And as a Bloomberg n j I t 652 00:35:56,320 --> 00:35:59,400 Speaker 1: STEM report. Nathan Okay, Karen, thank you, We are alive 653 00:35:59,440 --> 00:36:02,480 Speaker 1: from the bloom Interactive Brokers studios, where it's six fifty 654 00:36:02,560 --> 00:36:04,759 Speaker 1: one now on Wall Street Time now to check what's 655 00:36:04,760 --> 00:36:06,760 Speaker 1: going on in d C. Some of the top stories 656 00:36:06,800 --> 00:36:09,600 Speaker 1: in our nation's capital include the US pressing China to 657 00:36:09,680 --> 00:36:13,319 Speaker 1: ease up on Taiwan as defense officials meet, civil rights 658 00:36:13,400 --> 00:36:16,840 Speaker 1: groups calling for a Twitter ad boycott over the return 659 00:36:16,920 --> 00:36:20,960 Speaker 1: of former President Trump, and Democratic senators urging the Justice 660 00:36:21,000 --> 00:36:24,239 Speaker 1: Department to unwind Ticketmaster and Live Nation. For more on 661 00:36:24,320 --> 00:36:27,320 Speaker 1: these stories, we're joined this morning by Jody Schneider, political 662 00:36:27,400 --> 00:36:31,239 Speaker 1: news director for Bloomberg Radio and Television. Morning. Jody, thanks 663 00:36:31,239 --> 00:36:35,200 Speaker 1: for being here. After the meeting between Defense Secretary Lloyd 664 00:36:35,280 --> 00:36:39,520 Speaker 1: Austin and his Chinese counterpart in Cambodia, What more are 665 00:36:39,600 --> 00:36:42,680 Speaker 1: we hearing that came out of it? Yeah, So all 666 00:36:42,760 --> 00:36:46,040 Speaker 1: these kinds of meetings lately, including the meeting between President 667 00:36:46,719 --> 00:36:52,040 Speaker 1: Biden and Sing on the sidelines of the twenty, expectations 668 00:36:52,080 --> 00:36:55,200 Speaker 1: have been lowered. No one expects major deals to come 669 00:36:55,280 --> 00:36:59,319 Speaker 1: from this, but everyone is hopeful that talking to each other, 670 00:36:59,440 --> 00:37:01,719 Speaker 1: of course, is for good first step. And that was 671 00:37:01,800 --> 00:37:03,600 Speaker 1: sort of what came out of the G twenty meeting 672 00:37:03,920 --> 00:37:08,480 Speaker 1: that you know, this the kind of downfall in relationship 673 00:37:08,600 --> 00:37:11,719 Speaker 1: you will, had sort of been stemmed. So these kinds 674 00:37:11,719 --> 00:37:13,719 Speaker 1: of talks now and when they get to Taiwan, which 675 00:37:13,800 --> 00:37:17,040 Speaker 1: is of course one of the key really hot buttons 676 00:37:17,160 --> 00:37:19,880 Speaker 1: between the two countries. Uh. That's fact that they are 677 00:37:19,960 --> 00:37:22,959 Speaker 1: talking about it is viewed as a good sign. Whether 678 00:37:23,040 --> 00:37:26,600 Speaker 1: they make much progress is another issue. Yeah. I mean, 679 00:37:26,760 --> 00:37:29,239 Speaker 1: is there a sense from what we're hearing, not just 680 00:37:29,400 --> 00:37:32,319 Speaker 1: from the meeting with Defense Secretary Austin, but of course 681 00:37:32,560 --> 00:37:35,840 Speaker 1: Vice President Harris is in the region as well, that 682 00:37:36,280 --> 00:37:38,000 Speaker 1: if they're at least talking with each other, the U 683 00:37:38,120 --> 00:37:40,239 Speaker 1: S And China when it comes to Taiwan, that they 684 00:37:40,440 --> 00:37:43,960 Speaker 1: sort of understand each other's positions at this point. Yeah. 685 00:37:44,040 --> 00:37:45,680 Speaker 1: I think that's true. I think that's what you can 686 00:37:45,760 --> 00:37:47,600 Speaker 1: say that in the US is of course, in this 687 00:37:48,040 --> 00:37:52,000 Speaker 1: interesting and complicated position of the President having gone as 688 00:37:52,080 --> 00:37:54,719 Speaker 1: far as to say on several occasions that a couple 689 00:37:54,800 --> 00:37:56,520 Speaker 1: he walked them back and then they don't walk them 690 00:37:56,560 --> 00:38:01,279 Speaker 1: back anymore, that the US would defend Taiwan militarily if 691 00:38:01,320 --> 00:38:04,280 Speaker 1: it was taken by force. Of course, the US position 692 00:38:04,320 --> 00:38:07,759 Speaker 1: has been this kind of uh you know, very interesting 693 00:38:07,880 --> 00:38:14,000 Speaker 1: strategic um uh position of not uh you know, recognizing 694 00:38:14,360 --> 00:38:18,880 Speaker 1: uh Taiwan as a separate country, as a separate entity, 695 00:38:18,960 --> 00:38:21,600 Speaker 1: that it's part of China going along with that long 696 00:38:21,680 --> 00:38:24,279 Speaker 1: standing position, but at the same time with visits like 697 00:38:24,480 --> 00:38:27,799 Speaker 1: that of Speaker Nancy Pelosi and a number of other 698 00:38:28,480 --> 00:38:32,120 Speaker 1: congressional leaders showing support for Taiwan at the same time. 699 00:38:32,560 --> 00:38:35,000 Speaker 1: So uh this and of course of China has made 700 00:38:35,040 --> 00:38:38,960 Speaker 1: it unilaterally clear that they will that they view Taiwan 701 00:38:39,080 --> 00:38:42,520 Speaker 1: as part of China, and that any attempts to allow 702 00:38:42,600 --> 00:38:45,120 Speaker 1: it to be a separate sovereign nation would be met 703 00:38:45,200 --> 00:38:48,719 Speaker 1: by condemnation from China. Those are still their positions, but 704 00:38:48,800 --> 00:38:51,239 Speaker 1: at least now they are talking about it, and that 705 00:38:51,440 --> 00:38:54,200 Speaker 1: seems to be a very good first step. Okay, let's 706 00:38:54,280 --> 00:38:57,640 Speaker 1: turn to a domestic politics, which lately seems to be 707 00:38:57,760 --> 00:39:01,480 Speaker 1: dominated more and more by what's happening Twitter. With Elon 708 00:39:01,600 --> 00:39:05,440 Speaker 1: Musk now in the CEO role, we're getting this word 709 00:39:05,640 --> 00:39:09,960 Speaker 1: from civil rights groups that they want to see a 710 00:39:10,360 --> 00:39:14,200 Speaker 1: ad boycott on Twitter now that the former president Donald 711 00:39:14,239 --> 00:39:18,800 Speaker 1: Trump's Twitter account has been reactivated at least. Yeah, so 712 00:39:18,920 --> 00:39:20,799 Speaker 1: we had been hearing a lot, you know, civil rights 713 00:39:20,880 --> 00:39:25,120 Speaker 1: groups have been frustrated with Twitter increasingly, and there has 714 00:39:25,160 --> 00:39:27,160 Speaker 1: been a lot of talks about add boycotts for you know, 715 00:39:27,160 --> 00:39:30,680 Speaker 1: a number of reasons. Advertisers are starting to leave Twitter 716 00:39:31,320 --> 00:39:34,839 Speaker 1: to some degree because of the kind of chaos. They're 717 00:39:35,000 --> 00:39:37,040 Speaker 1: right that they don't know what's going on, this whole 718 00:39:37,080 --> 00:39:40,719 Speaker 1: blue check situation with the verification. But now, um, the 719 00:39:40,880 --> 00:39:43,640 Speaker 1: head of the n double A CP Derrick Johnson, has 720 00:39:43,719 --> 00:39:48,200 Speaker 1: come out and said really condemning Twitter's owner Elon Musk 721 00:39:48,520 --> 00:39:52,080 Speaker 1: his decision to allow former President Trump to um to 722 00:39:52,239 --> 00:39:54,319 Speaker 1: that band on him to be lifted and for him 723 00:39:54,360 --> 00:39:57,759 Speaker 1: to return to the platform, and they really doubled down 724 00:39:57,880 --> 00:40:01,240 Speaker 1: on those calls for advertisers to up spending on the platform. 725 00:40:01,480 --> 00:40:05,680 Speaker 1: In his statement, Derrick Johnson said, uh, Elon, Elon must 726 00:40:05,760 --> 00:40:09,680 Speaker 1: Twitter steer referred specifically, you can incite an insurrection at 727 00:40:09,719 --> 00:40:12,080 Speaker 1: the Capitol which led to the desks and multiple people, 728 00:40:12,080 --> 00:40:15,239 Speaker 1: and still be allowed to spew hate on the platform. 729 00:40:15,520 --> 00:40:17,880 Speaker 1: So it's very clear that they're they're upset about this. 730 00:40:18,160 --> 00:40:21,000 Speaker 1: Whether people are losing and leaving Twitter is you know, um, 731 00:40:21,160 --> 00:40:24,040 Speaker 1: it's hard to tell, of course, but um, there's been 732 00:40:24,160 --> 00:40:27,520 Speaker 1: a number of attempts of you know, groups to try 733 00:40:27,560 --> 00:40:29,640 Speaker 1: to get people to come off Twitter. But now some 734 00:40:29,800 --> 00:40:32,160 Speaker 1: liberal groups are saying, well, stay on, don't allow us 735 00:40:32,239 --> 00:40:35,239 Speaker 1: to you know, don't let them. Um, you know, control us, 736 00:40:35,520 --> 00:40:38,000 Speaker 1: so we'll see what happens. President former President Trump is 737 00:40:38,120 --> 00:40:41,200 Speaker 1: not has not posted uh yet back on Twitter. He's 738 00:40:41,239 --> 00:40:47,800 Speaker 1: still on his his own uh account platform. And finally, Jody, 739 00:40:47,880 --> 00:40:52,000 Speaker 1: it seems like this meltdown at Ticketmaster with Taylor Swift 740 00:40:52,120 --> 00:40:56,920 Speaker 1: is becoming even more of a federal case. Yeah, that's right. UM. 741 00:40:57,040 --> 00:41:01,040 Speaker 1: This whole situation of you know, the the overse you know, 742 00:41:01,160 --> 00:41:04,320 Speaker 1: the over interest shall we say, uh in uh in 743 00:41:04,640 --> 00:41:07,520 Speaker 1: her concert and people couldn't be able to get on 744 00:41:07,640 --> 00:41:11,920 Speaker 1: and wouldn't couldn't get tickets and Ticketmaster widely blamed for this. Um. 745 00:41:12,320 --> 00:41:15,920 Speaker 1: This is this is causing federal officials to say, we 746 00:41:16,040 --> 00:41:20,480 Speaker 1: really need to look more at this and regulating this uh, 747 00:41:20,640 --> 00:41:23,440 Speaker 1: something that they have been criticized frankly for not doing that. 748 00:41:23,600 --> 00:41:26,120 Speaker 1: This is a situation. This isn't the first time we've seen, 749 00:41:26,239 --> 00:41:29,600 Speaker 1: you know, problems with Ticketmaster UH and and big stars 750 00:41:29,640 --> 00:41:32,200 Speaker 1: and people trying to you know, buy tickets and being 751 00:41:32,239 --> 00:41:35,000 Speaker 1: pushed out. But now we are seeing, um, we are 752 00:41:35,040 --> 00:41:37,960 Speaker 1: seeing more and more UH talk about this and again 753 00:41:38,120 --> 00:41:40,320 Speaker 1: someone like you know, of the stature of Taylor Swift 754 00:41:40,560 --> 00:41:42,759 Speaker 1: and her coming out and apologizing to her fans for 755 00:41:42,880 --> 00:41:47,400 Speaker 1: what happened. Uh, this certainly gets attention in Washington, all right. 756 00:41:47,440 --> 00:41:52,360 Speaker 1: Bloomberg's radio and TV political news director Jody Schneider with 757 00:41:52,520 --> 00:41:54,800 Speaker 1: us this morning to run down as some of the 758 00:41:54,840 --> 00:41:57,239 Speaker 1: stories happening in the nation's capital. Joey again, thanks for 759 00:41:57,280 --> 00:41:59,040 Speaker 1: being with us this morning. You can read more about 760 00:41:59,080 --> 00:42:02,360 Speaker 1: these stories on Bloomberg dot com or on the Bloomberg terminal. 761 00:42:02,640 --> 00:42:04,520 Speaker 1: And a reminder that you can follow all the latest 762 00:42:04,600 --> 00:42:08,719 Speaker 1: on Bloomberg Radio in Washington at Bloomberg and one oh 763 00:42:08,840 --> 00:42:12,560 Speaker 1: five point seven FM. H D two futures had been 764 00:42:12,760 --> 00:42:15,160 Speaker 1: a little bit higher in the pre market this morning. 765 00:42:15,239 --> 00:42:18,440 Speaker 1: Now they're trading little changed, with SMP futures up just 766 00:42:18,600 --> 00:42:21,640 Speaker 1: two points now, DWT futures up thirty two points, that's 767 00:42:21,680 --> 00:42:24,280 Speaker 1: a gain of nearly one tenth percent, and NASTAC futures 768 00:42:24,719 --> 00:42:27,920 Speaker 1: trading just a touch lower, down down seven points. Ten 769 00:42:28,000 --> 00:42:30,640 Speaker 1: year Treasury is up ten thirty seconds, the yield three 770 00:42:30,680 --> 00:42:33,399 Speaker 1: point seven percent, yield on the two year four point 771 00:42:33,480 --> 00:42:37,800 Speaker 1: four nine percent. Bitcoins higher six tenths percent fifteen thousand, 772 00:42:38,000 --> 00:42:41,600 Speaker 1: seven hundred thirty dollars. Bloomberg Surveillance is next with Tom Keene, 773 00:42:41,680 --> 00:42:45,600 Speaker 1: Jonathan Pharaoh, and Lisa Brahmowitz for Karen Moscow. I'm Nathan Haker. 774 00:42:46,440 --> 00:42:47,560 Speaker 1: This is Bloomberg