Speaker 1: Live from the Bloomberg and Directive Workers studios. This is
Speaker 1: Bloomberg Daybreak for Monday to two. Coming up this shower.
Speaker 1: Investors brace for a pivotal week in the markets. The
Speaker 1: FETE is expected to hike rates by seventy five basis
Speaker 1: points again. Microsoft, Apple, Amazon, and Alphabet are all scheduled
Speaker 1: to report. And a new warning about monkey pox from
Speaker 1: the World Health Organization if he advisory extended till tonight
Speaker 1: for parts of the tri State. Donald Trump hangs to
Speaker 1: the nation's capital. I'm John Tucker. Those stories straight ahead.
Speaker 1: I'm John Stashdown Sports, Pete Alonzo, the Big Glow for
Speaker 1: the Mets that went over San Diego, Aaron Judge homeward again,
Speaker 1: the Yankees one in Baltimore. That's all strady ahead on
Speaker 1: Bloomberg Daybreak on Bloomberg he liveing freon New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius XM one nineteen and around the world
Speaker 1: on Bloomberg Radio dot com and via the Bloomberg Business App.
Speaker 1: Good Morning, I'm Nathan Hagar, and I'm Karen Moscow and
Speaker 1: US DOT Index futures on the rise this morning. We
Speaker 1: are coming up to six oh one on Wall Street,
Speaker 1: and we checked the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg. Right now, S and P futures
Speaker 1: are up about nineteen points down, Future is up one
Speaker 1: thirty six and NASDAG futures up sixty seven. Ten year
Speaker 1: Treasury down thirteen thirty seconds. Here two point eight zero
Speaker 1: per cent, Nathan Karen, we begin with this week's highly
Speaker 1: anticipated FED meeting. Their decision comes Wednesday, and after raising
Speaker 1: rates sharply in June, j Pal and colleagues are expected
Speaker 1: to approve another seventy five basis point hike, while the
Speaker 1: Fed titans policy to get inflation under controlled. Treasury Secretary
Speaker 1: Janet Yellen says she does not see any signed the
Speaker 1: economy is in a broad recession. We're likely to see
Speaker 1: some slowing of job creation, um, but I do I
Speaker 1: don't think that that's a recession. Recession is broad based
Speaker 1: weakness in the economy, We're not seeing that now. Treasury
Speaker 1: Secretary Janet Yelling made the comments on NBC's Meet the Press,
Speaker 1: heard Sundays on Bloomberg Radio. Well, despite Yellen's comments, Nathan,
Speaker 1: investors are skeptical to Fed can tame inflation without a recession.
Speaker 1: That's according to more than people who responded to a
Speaker 1: Bloomberg m Live Pulse survey. Beget more from Bloomberg's Heather Burke,
Speaker 1: over sixty of their respondents in the survey said there's
Speaker 1: a low or zero probability that the Fed can ring
Speaker 1: in inflation without causing our recession. And about two thirds
Speaker 1: of the respondents expect the tenier treasury yield to peak
Speaker 1: over the next nine months at the low three point
Speaker 1: seven percent, and most think that the Fed is going
Speaker 1: to start cutting rates in so definitely, it's a pretty
Speaker 1: muted outlook going into Bloomberg's Heather burg says, the majority
Speaker 1: in the survey you say the FED funds rate will
Speaker 1: peak at four percent or less. Well. One other note
Speaker 1: on inflation, Karen, prices may be close to peaking, but
Speaker 1: they won't come down quickly. That's according to an analysis
Speaker 1: from Bloomberg Economics, which says inflation is likely to stay
Speaker 1: above eight percent through the end of the year. In fact,
Speaker 1: it seems model assigns zero probability that inflation will drop
Speaker 1: below four percent in the feed is not the only
Speaker 1: thing in focus this week, Nathan. It's also a big
Speaker 1: few days for major tech earnings. Should get more from
Speaker 1: Bloomberg's Charlie Pellett. It's a week one we'll hear from
Speaker 1: names including Alphabet, Apple, Amazon, Microsoft, and Meta Platforms, among
Speaker 1: many others. We will also hear from more than thirty
Speaker 1: percent of SMP five hundred companies. Liz Young is head
Speaker 1: of investment strategy at SO five. Earning season has been mixed,
Speaker 1: not terrible so far, but we have heard from a
Speaker 1: lot of companies that they're thinking the following environment is
Speaker 1: going to be more challenging, so they're preparing themselves for
Speaker 1: that challenge. Also on deck this week three m Boeing, Chevron,
Speaker 1: Coca Cola, GM, Hilton, MasterCard, McDonald's, PROC doing Gamble ups
Speaker 1: and Visa in New York. Charlie Pett Bloomberg Daybreak. All right, Charlie, thanks,
Speaker 1: and they're even more earnings this week in Europe. Let's
Speaker 1: go to London, get the leaders done that with bloombergs
Speaker 1: Uan Parks, good morning, Good morning, Nathan, and Karen. A
Speaker 1: bump a week for European earnings. Ryanair has posted a
Speaker 1: profit for the first quarter ahead of estimates. Europe's largest
Speaker 1: discount airline says it's cautious about bookings, though beyond the
Speaker 1: current summer travel boom. Meanwhile, first half profits slumping at
Speaker 1: Swiss wealth managers Julius Bear. That's as wild market swings
Speaker 1: spoots clients and a cut to sales guidance for this
Speaker 1: year from medical equipment maker Phillips. It's been hit by
Speaker 1: inflationary pressures, supply chain troubles and COVID lockdowns in China.
Speaker 1: Phillips the worst performing share on the stocky hundred today,
Speaker 1: down more than ten percent. In London, I'm you and
Speaker 1: part Spoomberg Daybreak, You and thank You and other news
Speaker 1: this morning, international concern is growing over monkey Parks. The
Speaker 1: World Health Organization has declared the monkey Parks outbreak a
Speaker 1: public health emergency. We get the leadersh live from Bloomberg's
Speaker 1: Real He too Young, Good Morning, Ready to Good Morning
Speaker 1: Care and the lack of urgency and coordination in testing
Speaker 1: and treatment for the monkey pox virus in many parts
Speaker 1: of the world has prompted the World Health Organization to
Speaker 1: sound the alarm. The virus has spread to about sixteen
Speaker 1: thousand people in more than seventy countries in just a
Speaker 1: few months, and White House COVID nineteen response coordinator dr
Speaker 1: Ashishta says monkeypos can be contained. The way we contain
Speaker 1: monkey pox is we have a very simple, straightforward strategy
Speaker 1: on this right, which is make testing widely available. We
Speaker 1: have done that and now testing is far more frequent
Speaker 1: and common. We're going to be releasing hundreds of thousands
Speaker 1: of more vaccines in the next days and weeks. Dr
Speaker 1: Ashishta made the comments on CBSS Face the Nation. You
Speaker 1: can hear the program Sundays on Bloomberg Radio Live in
Speaker 1: New York. I'm reneed a young Bloomberg Radio Okay, Nita,
Speaker 1: thanks training to COVID nineteen. Now we have an update
Speaker 1: on President Biden's condition as he recovers from about with
Speaker 1: the virus. Amy Morris has details from our Bloomberg ninety
Speaker 1: one newsroom in Washington. White House physician Kevin O'Connor says
Speaker 1: President by the symptoms are improving significantly, with the most
Speaker 1: prominent symptom now a sore thrope. O'Connor says the seventy
Speaker 1: nine year old who is vaccinated and double boosted, is
Speaker 1: responding to therapy. Is expected, and his other symptoms have
Speaker 1: diminished considerably. Biden is being treated with packs la it It It,
Speaker 1: He takes tail and all and has been using an
Speaker 1: inhaler two to three times a day. The White House
Speaker 1: says he's still working as he continues to isolate in Washington.
Speaker 1: I'm Amy Morris Bloomberg Daybreak. All right, Amy, thank you.
Speaker 1: In corporate news this morning, Apple has announced a rare
Speaker 1: retail promotion in China. It's offering four days of discounts
Speaker 1: and its top tier iPhones and related accessories ahead of
Speaker 1: the launch of its next generation devices. The company is
Speaker 1: historically reluctant to alter pricing. The discounts come as China's
Speaker 1: economy tries to bounce back from major COVID lockdowns in
Speaker 1: Shanghai and Beijing. Finally, Karen Elon Musk is denying that
Speaker 1: he had an affair with Google co founder Sergey Brinn's wife.
Speaker 1: According to The Wall Street Journal, this alleged affair took
Speaker 1: place in December. The newspaper says it led Brinn to
Speaker 1: sell his investments in Muskus companies, but my says the
Speaker 1: story isn't true that he's still friends with Bran brand
Speaker 1: filed for divorced from his wife back in January. SMP
Speaker 1: futures right now are up six team points, Staff futures
Speaker 1: up a hundred seventeen, Nasdaq futures higher by fifty eight points.
Speaker 1: And straight ahead, we have your latest local headlines plus
Speaker 1: a check of sports. You're listening to Bloomberg Daybreak at
Speaker 1: six o seven on Wall Street where at eighty two
Speaker 1: degrees in Central Park down dealing with the wreck near
Speaker 1: Newark Airport southbound Root twenty one by Clay Street. More
Speaker 1: coming up in traffic. First John Tucker with more on
Speaker 1: what's going on in New York and around the world.
Speaker 1: Good morning, John, Good morning Nathan historic keat has a
Speaker 1: lot of people struggling to pay utility bills, and as
Speaker 1: bloombergston he's felt like Greeney tells us. The Senate Majority
Speaker 1: leader Chuck Schumer's as people need more help. Senator Schumer
Speaker 1: says demand for New York's federally funded cooling assistance program
Speaker 1: is unprecedented. There has been such a big demand for
Speaker 1: this program given the heat way. The applications went up
Speaker 1: from about ten thousand to thirty thousand, increase in demand,
Speaker 1: and Sumer is proposing adding billions of dollars to the
Speaker 1: budget for the program after it had to stop taking
Speaker 1: applications because it was so oversubscribed to the spell a
Speaker 1: greedy Blueberg radio a destructive wildfire near Yosemite has burned
Speaker 1: out of control through tinder drive forests and has grown
Speaker 1: into one of California's biggest blazes of the year. It's
Speaker 1: worth thousands of residents to flee remote mountain communities the
Speaker 1: share of genermy breeze. As the fight is far from over.
Speaker 1: There is hot ash, hot trees, still stuff throwing stuff
Speaker 1: over the line, causing US concerns. Two thousand firefighters battle
Speaker 1: the Oak Creek fire, facing tough conditions including steep terrain,
Speaker 1: sweltering temperatures at low humidity. Donald Trump is heading back
Speaker 1: to Washington as Republican rivals maneuver for a possible primary
Speaker 1: challenge at Loanmaker's probe his culpability for the January six insurrection.
Speaker 1: The former president will deliver a keynote speech Tuesday at
Speaker 1: the America First Agenda Summit, a conservative conference. Trump isn't
Speaker 1: expanded to announce that third run for president and his
Speaker 1: Washington's speech, at least according to advisers Today his former
Speaker 1: vice president might pants will deliverer marks of his own.
Speaker 1: A live stream of the church service in New York
Speaker 1: was interrupted Sunday morning by a robbery. Three gun toting
Speaker 1: thieves entered the leaders of Tomorrow International Ministries in Brooklyn,
Speaker 1: demanding valuables from Bishop Lamar Whitehead. You know, took my watch,
Speaker 1: took my jury, took my bishop's ring, took my wedding den,
Speaker 1: and then he took my bishop's cross. Well, the bishop says,
Speaker 1: the thieves drove away, you know, white Mercedes. New York
Speaker 1: City ranks ninety three in the US for public bathrooms
Speaker 1: per capita. Now there's a will ended opening more public
Speaker 1: bathrooms that has the support to pass the city Council.
Speaker 1: The effort comes after widespread shutdowns during the early days
Speaker 1: of the pandemic made it even harder to find a restroom.
Speaker 1: The Metropolitan Transportation Authority shutter to all seventies six toilets
Speaker 1: in the subway system. Global News twenty four hours a
Speaker 1: day on air hand on Bloomberg Quicktake. We're powered by
Speaker 1: more than twenty seven hundred journalists and analysts and more
Speaker 1: than one d twenty countries. I'm John Tucker. This is
Speaker 1: Bloomberg Nathan, Thanks John six ten on Wall Street. John
Speaker 1: Stashar has a Bloomberg Sports Uday. Thanks Nathan, Aaron, Judge,
Speaker 1: pet Alonso, the two New York City Sluggers. They've got
Speaker 1: the two most runs vetted in in the majors, and
Speaker 1: they'll be facing off tomorrow and Wednesday. A brief subway
Speaker 1: series at City Field. Yesterday in Baltimore, another home run
Speaker 1: for Judges thirty seven. He hit three in the series
Speaker 1: and in the game where he did homary at four hits.
Speaker 1: Jose Travino had four hits. Mr. Cortez and the Yanks
Speaker 1: shout out the oriol six nothing. Last night city Field,
Speaker 1: the Mets held scoreless until the sixth inning. At that
Speaker 1: point they had only scored two runs in the series.
Speaker 1: Alonso then unloaded three run homer. Mets went on to
Speaker 1: lead the Padres eight to one, and then held on
Speaker 1: to beat San Diego eight to five five in Atlanta loss.
Speaker 1: So the Mets are a game and a half ahead
Speaker 1: of the praise. Among those inducted into the Baseball Hall
Speaker 1: of Fame, Gil Hodges fifty years after his death. He
Speaker 1: was one of the Boys of Summer of Beloved Brooklyn
Speaker 1: Dodger first baseman. His daughter Irene made his induction speech.
Speaker 1: When my father slumped in the nineteen fifty two World Series,
Speaker 1: Brooklyn fans loved him who goes over and gets the
Speaker 1: standing ovation every time at bat Mets fans loved him too. Hodges,
Speaker 1: of course, the manager the Miracle Mets. In nineteen sixty nine,
Speaker 1: Cleon Jones ed Cranepool, Art Shamsky, Ron Swoboda, and the
Speaker 1: daughter of the late Tom Siever. We're all there in
Speaker 1: Cooper's Town where David Ortiz, Jim Cott, Tony Oliva, the
Speaker 1: late Mini Minosa, and Buff O'Neil were all inducted as well.
Speaker 1: Three M Golf in Minnesota. Tony Fidou trailed by five
Speaker 1: shots with eleven holes to play. He won by three.
Speaker 1: John Stash Bloomberg Sports, Thank you, John SMP futures of
Speaker 1: sixteen points south features of a hundred twenty four dance
Speaker 1: actually higher by fifty nine points. You're listening to Bloomberg
Speaker 1: day Break Bloomber eleven three oh weather. Some showers and
Speaker 1: storms possible today with the heat Advisor in effect till
Speaker 1: eight pm for parts of northern New Jersey. Will be
Speaker 1: in the mid eighties tomorrow, oper eighties by Wednesday right
Speaker 1: now one in Central Park markets, headlines and breaking news
Speaker 1: twenty four hours a day at Bloomberg dot Com, the
Speaker 1: Bloomberg Business at and at Bloomberg Quicktape He's a Bloomberg
Speaker 1: Business lash and I'm Karen Moscow and US dot get
Speaker 1: Next Future is on the rise this morning, while European
Speaker 1: shares are also gaining. Now. We check the markets every
Speaker 1: fifteen minutes throughout the trading day. On Bloomberg SNP futures
Speaker 1: up twenty points now. Futures of a hundred fifty two
Speaker 1: nasday Future is up seventy one. The decks in Germany's
Speaker 1: up half per cent. Attend your treasury down fourteen thirty seconds,
Speaker 1: he'll two point zero percent. They yield on the two
Speaker 1: year two point nine percent. Nimex Scrude oil is up
Speaker 1: one per cent or ninety six cents at ninety five
Speaker 1: sixty six cents of Barrel Comic School is up two
Speaker 1: tenths per cent or two dollars ninety cents a seventy announced.
Speaker 1: The euro one point zero to three three against the dollar,
Speaker 1: British found one point two zero four or five, and
Speaker 1: the yen at one thirty six point three one. And
Speaker 1: look at a bitcoin this morning, it's down three percent
Speaker 1: at twenty two thow five dollars. That's a Bloomberg business flash.
Speaker 1: Now here's John Tucker with more on what's going on
Speaker 1: around the world. John and carry the international concern growing
Speaker 1: over monkey pox. The World Health Organization has declared the
Speaker 1: monkey pots outbreak of public health emergency. Elon Boss denying
Speaker 1: he had an affair with Google co founders Sergey Brin's wife.
Speaker 1: According to The Wall Street Journal, the alleged defferent took
Speaker 1: place in December, and a destructive wildfire near Yosemite National
Speaker 1: Park burning out of control through tinder dry forests. Thousands
Speaker 1: of residents in the area have been evacua. In it, sports,
Speaker 1: Yankees beat the Ohs, the Mets top the Podres, Red
Speaker 1: Sox fall to the Blue Jays, the Dodgers beat the Giants.
Speaker 1: The Nationals also beat the Diamondbacks. Global News twenty four
Speaker 1: hours a day on air in a Bloomberg quick take
Speaker 1: power by more than twenty seven hundred journalists and analysts.
Speaker 1: It more than one hundred twenty countries. I'm John Tucker
Speaker 1: at vs is Bloomberg. Nathan Okay, John, thank you. At
Speaker 1: six nineteen on Wall Street Live from the Bloomberg Interactive
Speaker 1: Brokers studios. This is Bloomberg Daybreak and Michael Houston is
Speaker 1: with us now, chief market analyst at CMC Markets. As
Speaker 1: we get ready for a trading week, it's going to
Speaker 1: be dominated by a Fed decision and big tech earnings. Michael,
Speaker 1: good morning. Of course, a lot of focus now on
Speaker 1: what the Fed will decide on Wednesday. It seems as
Speaker 1: though they've pretty much telegraphed to seventy five basis point move.
Speaker 1: So what are markets looking for ahead of that? Well?
Speaker 1: I found I funny think it's actually quite telling that
Speaker 1: we actually opened on the down swing hearing Europe, and
Speaker 1: we've only started to edge higher after the German i
Speaker 1: FO business survey posted some really die in numbers this
Speaker 1: morning and has pulled us back rather counterintuitively into positive territory.
Speaker 1: And I can't help thinking that markets are pricing in
Speaker 1: they were getting close to the end of the central
Speaker 1: bank hiking cycle. Then we are into the beginning. Certainly.
Speaker 1: I think if you look at the way bond you
Speaker 1: would have been behaving over the course of the past
Speaker 1: few weeks. I can't help thinking that we've peaked and
Speaker 1: that ultimately markets are now pricing in increased probability of recession.
Speaker 1: And ultimately, after this week's seventy basis point rate hiked
Speaker 1: by the Federal Reserve, I think the key message will
Speaker 1: be how hard are the Fed going to go subsequent
Speaker 1: to the Jackson Hole obviously in September and thereafter, And
Speaker 1: I think markets are starting to price out the probability
Speaker 1: of much more aggressive tightening as we head into the
Speaker 1: second half of the year. That's certainly my feeling when
Speaker 1: I look at the behavior of the US dollar, which
Speaker 1: has started to show signs of rolling over. But really
Speaker 1: I think it's what bond markets are telling me at
Speaker 1: the moment. They're telling me that markets are, you know,
Speaker 1: sort of doubtful about whether or not center banks are
Speaker 1: going to be able to time as much as they
Speaker 1: say that. So, are you thinking that there could be
Speaker 1: a pivot from the Fed away from an inflation finding
Speaker 1: focus to more of a focus now and trying to
Speaker 1: avoid recession? Is that your call now? Not yet. I
Speaker 1: don't think they'll signal it this early. I think they'll
Speaker 1: go through with the basis points on Thursday. I think
Speaker 1: it's way too early to signal any sort of pivot,
Speaker 1: even though the markets are starting to price that. I
Speaker 1: think if if we're going to see a pivot, look
Speaker 1: howm at Jackson Hole, Because generally that's when the Federal
Speaker 1: Reserve it tends to lay out what it expects for
Speaker 1: the U S economy over the course of the next
Speaker 1: three to four months into year end, and they'll have
Speaker 1: more data to work with a Jackson Hall, they'll have
Speaker 1: another I'll have another two payrolls reports to work with,
Speaker 1: They'll have two months more data. I mean that services
Speaker 1: data that we saw on Friday was particularly surprising and
Speaker 1: a little bit shocking. And I'll be interested to see
Speaker 1: whether or not the I S M non manufacturing data
Speaker 1: supports the decline that we saw in the more general
Speaker 1: Peremo numbers that we saw last week. How much is
Speaker 1: the Fed potentially affected by the European Central Banks decision
Speaker 1: to go a little bit higher than the markets might
Speaker 1: have been anticipating. Does that have any impact on what
Speaker 1: the Fed decides this week? No, none, whatsoever. The ECB
Speaker 1: has a completely different set of problems than the Federal Reserve. UM.
Speaker 1: You know, the decision last week to hike by fifty
Speaker 1: basis points was akin to bringing a knife to a
Speaker 1: gunfight for the e c B, even though the markets
Speaker 1: are talking about the prospect that probably going to be
Speaker 1: able to hike by another hundred and fifty basis points
Speaker 1: by year end, I seriously doubt that if if the
Speaker 1: German economy and the European economy slides into recession um so,
Speaker 1: I think as far as the ECB is concerned, it
Speaker 1: has its own set of unique problems to deal with,
Speaker 1: completely independent of the Federal Reserve. Now on top of
Speaker 1: the FED decision this week, of course, we've got a
Speaker 1: slew of big tech earnings. What's the bigger focus for
Speaker 1: markets this week? Is that the tech earning story? Or
Speaker 1: is it what the Fed decide? I think I actually
Speaker 1: think it's the earning story. I think you saw the
Speaker 1: reaction from those step numbers on at the end of
Speaker 1: last week on Friday morning and the subsequent decline there,
Speaker 1: and it's not the first time it's snapped. The sort
Speaker 1: of acted as a little bit of a canary in
Speaker 1: the coal mine when it comes to tech earnings. We've
Speaker 1: got obviously alphabet tomorrow. We've also got better later in
Speaker 1: the week, and it was notable. I think for me,
Speaker 1: Nathan in the US quota, how advertising revenues for Alphabet
Speaker 1: actually disappointed towards the downside, and it was largely on
Speaker 1: as a consequence of a shortfall and YouTube revenue. I'll
Speaker 1: be interested to see whether or not that pattern is
Speaker 1: repeated as we look ahead to the Q two numbers
Speaker 1: and what their outlook is for Q three. More importantly,
Speaker 1: I'm less concerned about metas numbers as I am about Amazon.
Speaker 1: What do Amazon's numbers tell us about um It's costs,
Speaker 1: it's margins, and also its outlook for the rest of
Speaker 1: the year. Now lives to digest this week. Thanks for this, Michael,
Speaker 1: always great to speak with you. Michael Houghson, Chief market
Speaker 1: analyst at CMC Markets. Right now, SMP futures are up
Speaker 1: eighteen points, stowth future is up a hundred forty six.
Speaker 1: Nasdaq futures are higher by sixty four points. The ten
Speaker 1: your treasury is down fourteen thirty seconds for a yield
Speaker 1: of two point eight zero percent, and the yield on
Speaker 1: the two year right now two point nine nine percent.
Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three oh Weather
Speaker 1: could see some storms today as we have a heat
Speaker 1: advisory till eight tonight from parts of northern New Jersey.
Speaker 1: High near ninety today, mid eighties tomorrow, oper eighties by Wednesday.
Speaker 1: Right now one in Central Park, broadcasting live from the
Speaker 1: Bloomberg Interactive Broker Studio in New York, Bloomberg E Living
Speaker 1: Free to Washington, d C. Bloomberg to Boston, Bloomberg one
Speaker 1: O six one does San Francisco, Bloomberg N sixty to
Speaker 1: the country Sirius XM Chento one nine te and around
Speaker 1: the globe the Bloomberg Business in Bloomberg Radio dot com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hagar and I'm kmerin Moscow. We are just
Speaker 1: about three hours away from the open of US training.
Speaker 1: It's time for the five Things that you need to
Speaker 1: notice start your day. Brought to you by Interactive Brokers
Speaker 1: Global Analysts. It helps you find a global investment opportunities
Speaker 1: to diversify your portfolio and discover undervalued companies that may
Speaker 1: have greater growth potential. Try I v k R Global
Speaker 1: Analysts today at IBKR dot com. Slash g A first
Speaker 1: who begin with this week's highly anticipated FED meeting, when
Speaker 1: Share J. Powell and his colleagues are expected to once
Speaker 1: again approve a seventy five basis point hike in interest rates.
Speaker 1: Treasury Secretary Janet Yellen says she does not believe the
Speaker 1: US economy is in a broad recession, but inflation is
Speaker 1: still a concern. Inflation is way too high. The FED
Speaker 1: is charged with putting in place policies that will bring
Speaker 1: inflation down, and I expect them to be successful. Treasury
Speaker 1: Secretary Janet Yellen made the comments on ABC's and Meet
Speaker 1: the Press, and you can hear the program Sundays on
Speaker 1: Bloomberg Radio. Well, despite what Yellen saying, Karen, investors remain
Speaker 1: skeptical that the Fed will contain inflation. That's according to
Speaker 1: more than hundred of them who participated in a Bloomberg
Speaker 1: and Live Pulse survey. According to a new model from
Speaker 1: Bloomberg Economics, inflation is very likely to stay above eight
Speaker 1: percent through year end, Nathan. Big tech earnings are also
Speaker 1: in focus on Wall Street. We'll hear from Alphabet, Apple, Amazon, Microsoft,
Speaker 1: and Meta this week. They join more than thirty s
Speaker 1: and P five hundred companies scheduled to report another newscarent
Speaker 1: international concern is growing over monkey poks. The World Health
Speaker 1: Organizations declared it a public health emergency. Let's get the
Speaker 1: latest from Bloomberg's We Need a Young The lack of
Speaker 1: urgency and coordination and testing and treatment for the monkeypox
Speaker 1: virus in many parts of the world has prompted the
Speaker 1: World Health Organization to sound the alarm. The virus has
Speaker 1: spread to about sixteen thousand people in more than seventy
Speaker 1: countries in just a few months, and White House COVID
Speaker 1: nineteen response Coordinator Dr Eshishja says monkey poks can be contained.
Speaker 1: The way we contain monkey pox is we have a
Speaker 1: very simple, straightforward strategy on this right, which is make
Speaker 1: testing widely available. We have done that and now test
Speaker 1: thing is far more frequent and common. We're going to
Speaker 1: be releasing hundreds of thousands of more vaccines in the
Speaker 1: next days and weeks. Dr S's made the comments on
Speaker 1: CBS's Face the Nation. You can hear the program Sundays
Speaker 1: on Bloomberg Radio Live in New York. I'm rend A
Speaker 1: Young Bloomberg Radio. All right, we need to thank you,
Speaker 1: and we have an update from the Biden administration. After
Speaker 1: the President tested positive for COVID nineteen. Last week, White
Speaker 1: House physician Kevin O'Connor says President Biden has a sore throat,
Speaker 1: but his symptoms have improved significantly. That's the five things
Speaker 1: you need to notice start your day. Brought to you
Speaker 1: by Interactive Brokers, and this is Bloomberg. Thanks Karen Sixe
Speaker 1: on Wall Street eighty two degrees in Central Park, still
Speaker 1: dealing with an accident South Bench twenty one by Clay Street.
Speaker 1: If you're headed to New York Airport. More coming up
Speaker 1: in traffic. First John Tucker with what else is going
Speaker 1: on in New York and around the world, John Nathan,
Speaker 1: The heat is on again. The heat advisory still remains
Speaker 1: an effect for parts of northern New Jersey until tonight.
Speaker 1: And Bloomberg Media rounda is Gary Beastil. This relief is
Speaker 1: in sight, John, A big ridge of high pressure that's
Speaker 1: been responsible for all our heating commidity will begin to
Speaker 1: break down a bit through today, so that's gonna be
Speaker 1: more seasible weather coming up here for much of this week,
Speaker 1: with temperatures mainly sitting in the eighties, and the Commitee
Speaker 1: will be on the moderate to highside at times. Bloomberg
Speaker 1: meteorologist Gary Best in Newark, New Jersey, there have been
Speaker 1: five straight days of hitting one hundred degrees. That is
Speaker 1: the longest stretch on record. At least two thousand firefighters
Speaker 1: are battling a raging wildfire just west of Yosemite National Park.
Speaker 1: More than six thousand residents have been forced from their homes.
Speaker 1: Extreme drought fueling the flames. Colfire Battalion Chief John Heggie,
Speaker 1: We're seeing that when change throughout the day, which really
Speaker 1: kind of puts the firefront in different areas as we
Speaker 1: fight the fire. California's governor has declared a state of emergency.
Speaker 1: Donald Trump will test his waning appeal among Republicans with
Speaker 1: a visit to the nation's capital. That story from Bloomberg's
Speaker 1: Amy Morris. The former president will deliver a keynote speech
Speaker 1: tomorrow at the America First Attend a summit in Washington,
Speaker 1: a conservative conference. His remarks come on the heels of
Speaker 1: a House Committee hearing that portrayed him standing by indifferently,
Speaker 1: even vindictively, for hours as a mob of his supporters
Speaker 1: battled police and chased lawmakers through the halls of the Capitol.
Speaker 1: Trump is not expected to announce a third run for president.
Speaker 1: In his Washington speech, his former Vice president Mike Pence
Speaker 1: will deliver remarks of his own scheduled for today in Washington.
Speaker 1: I'm anymore as Bloomberg Daybreak. He was the instrumental in
Speaker 1: getting Republican George Pataki elected governor ed Aldemotto elected Senator.
Speaker 1: In New York, the former state Conservative Party chairman Michael
Speaker 1: Long has died. He was eighty two. And Poulpe Francis
Speaker 1: has landed in Canada and what's being called a penitential
Speaker 1: journey to apologize to Canada's indigenous people for the abuse
Speaker 1: of children in residential schools going back to the nineteenth century,
Speaker 1: Global news twenty four hours a day on the air
Speaker 1: end on Bloomberg Quicktake power by more than twenty seven
Speaker 1: hundred journalists and analysts and more than one trees. I'm
Speaker 1: John Tucker. This is Bloomberg, Nathan, Thank you, John. Six
Speaker 1: thirty five on Wall Street Time for the Bloomberg Sports
Speaker 1: Update with John Ston Show. All right, Nathan Mets had
Speaker 1: lost three in a row and only scored four runs
Speaker 1: in those three games, and they began the day with
Speaker 1: their lead over Atlanta. There was once ten and a
Speaker 1: half games down to just a half game. The Braves loss,
Speaker 1: so the Mets and knew they were not going to
Speaker 1: fall out of first with their backs. Were quiet for
Speaker 1: five innings against the Padres Joe Musgrove and then in
Speaker 1: the sixth maybe their biggest hit of the season. Here's
Speaker 1: the pitch, so we're gonna high five all we'll hit
Speaker 1: up center. He's on the way there playing run Harmer
Speaker 1: for Peter lots Hall over the Great Wall of Question
Speaker 1: to the right, up the three seventy Mark Peter lots
Speaker 1: all this crowd Eric City on the CBS. Mets tacked
Speaker 1: on five more runs. They led eight to one, and
Speaker 1: then they held on and beat San Diego eight to five.
Speaker 1: They needed Edwin Diaz to come in and close it out.
Speaker 1: He got his twenty first save. The Mets are off
Speaker 1: today and they host the Yankees tomorrow. The Yanks in
Speaker 1: Baltimore shut out the Orioles six to nothing. Esther Cortez
Speaker 1: the first six in names Clark Schmidt, the last three
Speaker 1: four hits for jose H. Travino and another home run
Speaker 1: for Aaron Judge is thirty seven Houston right behind the Yanks.
Speaker 1: The Astros finished a sweep in seattlele The Mariners began
Speaker 1: that series writing a fourteen game winning streak. Speaking of streaks,
Speaker 1: Red Sox have lost five in or O sweat fight Toronto,
Speaker 1: and during the losing streak, the Red Sox have given
Speaker 1: up sixty seven runs. They did yesterday get to see
Speaker 1: one of their all time greats get inducted the Baseball
Speaker 1: Hall of Fame. David Ortiz did his speech in both
Speaker 1: English and Spanish. Tonyo Leiva Jim Cott both inducted as well,
Speaker 1: and three went in posthumously, Minnie Minoso, Buck O'Neill and
Speaker 1: Gil Hodges, the former Brooklyn Dodger first baseman and Mets manager.
Speaker 1: John stash Award Bloomberg Sports Staton. All right, John, thank
Speaker 1: you his sixty seven on Wall Street. Time now to
Speaker 1: take a look at stock, some of the names moving
Speaker 1: in the pre market, and Bloomberg Radio and TV markets
Speaker 1: correspondent Krety Gufta is back with us this morning. Real
Speaker 1: big week four tech earnings and we got some news
Speaker 1: from Apple ahead of the results. We did get some
Speaker 1: news from Apple. You know, it's interesting because I feel
Speaker 1: like it's such a US centric week this week with
Speaker 1: the Futo Reserve, with all our Eco data, and then
Speaker 1: of course with earnings that you mentioned, I think it
Speaker 1: is supposed to be the biggest earnings week that we
Speaker 1: have this season. But I think you also have to
Speaker 1: pay attention to what's going on in China when it
Speaker 1: comes to Apple in particular. Now I'm gonna preface this
Speaker 1: by saying Apple shares are up about five tents of
Speaker 1: one percent. A p L is your taker. Well, now
Speaker 1: six tenths of one percent is your highest volume trade
Speaker 1: this morning in the pre market. That being said, there
Speaker 1: is some news here China ceiling off an iphonemaker. So Apple,
Speaker 1: for example in Shenzen to battle COVID. This is basically
Speaker 1: their closed loop loop system. They're saying that because of
Speaker 1: those lockdowns, they don't want to shut down the entire
Speaker 1: production facilities. So what they're doing is having workers actually
Speaker 1: work in this closed loop system, which means that you
Speaker 1: sleep stay in the factory, You sleep in the factory
Speaker 1: for seven days, and then you finally get out and
Speaker 1: kind of take your time off, take your weekends. The
Speaker 1: different working system, but basically what it does is it
Speaker 1: tries to make sure that uh, the production and the
Speaker 1: factory kind of work still go is ongoing. While still
Speaker 1: kind of quarantining for COVID. So this is gonna be
Speaker 1: a story you guys want to watch. It's not necessarily
Speaker 1: affecting the stock this morning, Nathan, but it is something
Speaker 1: that could affect it in the long term. As we
Speaker 1: of course know, those COVID lockdowns and the Chinese approach
Speaker 1: to it has heard a lot of production from Apple
Speaker 1: to Tesla to you name it. Yeah, as we look
Speaker 1: ahead to the open this morning, we're seeing some pretty
Speaker 1: modest gains across the market sort of moving in tandem
Speaker 1: this morning. Is it all about the Fed this week
Speaker 1: or is it all about earnings? Oh? That is a
Speaker 1: very hard, very very hard question. I'm gonna say, I'm
Speaker 1: gonna vote earnings here because the Federal Reserve, I think
Speaker 1: seventy five basis points is priced into the market and
Speaker 1: you can see that on a macro level, but on
Speaker 1: an internal level, I think one of the big question marks,
Speaker 1: especially after Snapchat and and Twitter last week, is simply
Speaker 1: do some of these big tech names actually have a
Speaker 1: chance in terms of impressing investors. The standards are so high,
Speaker 1: especially when you are kind of looking or investors are
Speaker 1: looking really for any kind of Achilles heel, and I
Speaker 1: think that's why this morning's price action is so important
Speaker 1: when it comes to the tech name. So we talked
Speaker 1: about Apple, but take a look at what Google shares
Speaker 1: are doing. G O O G is your taker up
Speaker 1: nine tenths of one percent. Even Intel, a semiconductor company,
Speaker 1: I N TCSR taker up six tenths of one percent.
Speaker 1: And then of course you always have Tesla T s
Speaker 1: l A up one three percent. So to see that
Speaker 1: tech is really right off the bat, kicking into high
Speaker 1: gear and leading those games even in the pre market,
Speaker 1: I would say it is pretty significant. That being said,
Speaker 1: you do have some materials names in here as well,
Speaker 1: So Newmont for example, any M is your taker. Uh
Speaker 1: it's actually down two point two percent, So keep an
Speaker 1: eye on that trade. The idea that defensives are coming back,
Speaker 1: cyclicals perhaps taking a little bit of a backfoot. Bloomberg
Speaker 1: Radio and TV markets correspondent Crety Goopta getting us ready
Speaker 1: for a very busy week for the markets. Thanks as
Speaker 1: always Crety, and looking ahead to the open. We have
Speaker 1: SMP futures higher by eighteen points, down futures up at six,
Speaker 1: NASDAC futures on the rise by fifty six points. The
Speaker 1: tenure Treasury is down eleven thirty seconds now yield two
Speaker 1: point seven nine percent. The yield on the two year
Speaker 1: two point nine eight percent. You're listening to Bloomberg Daybreak
Speaker 1: Bloomberg eleven three oh weather could be stormy today with
Speaker 1: a heat advisor and effect till eight tonight for parts
Speaker 1: of northern New Jersey. We'll get up to near ninety degrees,
Speaker 1: mid eighties, sunny, less humid tomorrow. Uprighties Wednesday, right now
Speaker 1: two in Central Park Markets, headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business at and at Bloomberg Quick Tape. He's a Bloomberg
Speaker 1: Business lash and I'm Karen Moscow. And futures are on
Speaker 1: the rise. This morning. We go to the first word
Speaker 1: breaking news, dask for today's morning call, and here's Bill Maloney. Bill,
Speaker 1: good morning, Good morning, Kan. That's right. US futures are
Speaker 1: in the green right now with down features up a
Speaker 1: hundred and fifty three point sides Game nineteen well Nasdack
Speaker 1: futures are higher by fifty seven. The US ten year
Speaker 1: old at two point eight percent. Gold is up three
Speaker 1: Oil is climbing, but big coin is down by three percent.
Speaker 1: Asian markets dropped overnight, while your p markets are higher
Speaker 1: this morning and back in the West. Sunny Economic Funday
Speaker 1: thirties Chicago FED and at ten thirty that Dallas FED.
Speaker 1: Regarding earnings this morning, RPM EPs miss estimates. Also look
Speaker 1: for Newmont Mining to report. And in other news, Apple
Speaker 1: prepares a rare iPhone discount for Chinese buyers. Wrapping things up,
Speaker 1: black Stones cut to market perform over at KPW Live
Speaker 1: from the first to breaking news Descomb. Bill Maloney can
Speaker 1: all right, Bill, thank you, and to hear live Ricky
Speaker 1: news over here. Bloomberg tap squawk on your terminal squ
Speaker 1: a w K and that's a Bloomberg business flash. Now
Speaker 1: here's John Tucker with Moore on what's going on around
Speaker 1: the world. John Arn a destructive wildfire in the U
Speaker 1: seventy manager the park burning out of control through tinder
Speaker 1: dry forrest. Thousands have haven evacuated as a result. Former
Speaker 1: President Donald Trump headed back to Washington, d C. He'll
Speaker 1: be the keynote speaker at a conservative conference tomorrow. And
Speaker 1: Elon Moss denying he had an affair with Google co
Speaker 1: founder Sergei Brin's wife. According to The Wall Street Journal,
Speaker 1: the alleged affair took place in December. Sports Yankees beat
Speaker 1: the Orioles, the Mets top the Padres, the Red Sox
Speaker 1: fall to the Blue Jays, Dodgers beat the Giants, and
Speaker 1: the Nationals beat the Diamondbacks. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake. We're powered
Speaker 1: by more than twenty seven hundred journalists and analysts in
Speaker 1: more than one twenty countries. I'm John Tucker at This
Speaker 1: is Bloomberg. The following commentary is from Bloomberg Opinion. China's
Speaker 1: economic engine is about to start shrinking. I'm Justin Fox,
Speaker 1: a columnist for Bloomberg Opinion. Right now, China has nearly
Speaker 1: a billion people fifteen to sixty four years old, which
Speaker 1: generally termed the working age population. That's about five times
Speaker 1: bigger than the same age group in the US. Because
Speaker 1: of recent birth declines, China's gigantic working age population will
Speaker 1: start shrinking before the end of this decade, according to
Speaker 1: new United Nations population projections. It will then keep shrinking
Speaker 1: for the rest of the century. Under the u N
Speaker 1: scenario that best corresponds to current fertility trends, China's fifteen
Speaker 1: to sixty four population will fall below five hundred million
Speaker 1: in the two thousand sixties and below two hundred million
Speaker 1: in the two thousand nineties. The U s working age
Speaker 1: population is expected to decline under that scenario too, but
Speaker 1: not nearly as fast, leaving it in roughly the same
Speaker 1: ballpark as China's, which is pretty amazing to contemplate. I'm
Speaker 1: justin Fox. For more opinion, please go to Bloomberg dot com,
Speaker 1: slash Opinion or O P I n go on the
Speaker 1: Bloomberg terminal has been Bloomberg Opinion and Bloomberg Opinion commentaries
Speaker 1: can be heard every weekday at this time, and terminal
Speaker 1: customers can read more at O P I n go.
Speaker 1: It is six fifty on Wall Street. Return to news
Speaker 1: and science and technology now with the Bloomberg and j
Speaker 1: I T. STEM Report. It has brought to you by
Speaker 1: New Jersey Institute of Technology, transforming computing professionals into data
Speaker 1: scientists to meet the demand in this fast growing field.
Speaker 1: Learn more at and j I T dot E d
Speaker 1: U slash Data Science. And now here's let's making news
Speaker 1: in science, Technology, Engineering, and math. President Biden's doctors, says
Speaker 1: there are encouraging signs that he is overcoming the coronavirus.
Speaker 1: The White House physician noted in a daily update that
Speaker 1: the president's symptoms continue to improve significantly. He's being treated
Speaker 1: with Viser's drug pack. Leavitt, the Director General of the
Speaker 1: World Health Organization, has declared the monkeypox outbreak a public
Speaker 1: health emergency of international concern. The virus has spread to
Speaker 1: about sixteen thousand people in more than seventy countries in
Speaker 1: just a few months. There's concerned that, as in the
Speaker 1: early days of the OVID outbreak, there's a lack of
Speaker 1: urgency and coordinating and testing and treatment. And Apple has
Speaker 1: announced a rare retail promotion and Shinau it's offering four
Speaker 1: days of discounts and its top to your iPhones and
Speaker 1: related accessories in advance of the launch of its next
Speaker 1: generation devices. The company is usually reluctant to alter pricing.
Speaker 1: It discounts come as China's economy tries to bounce back
Speaker 1: from major COVID nineteen lockdowns in business hub Shanghai and Beijing,
Speaker 1: which have heard sales of leading domestic smartphone brands, and
Speaker 1: as the Bloomberg and j I t stem report, Nathan Karen,
Speaker 1: thank you. We are live from the Bloomberg Interactive Brokers Studios.
Speaker 1: Or It's coming up to six fifty two on Wall
Speaker 1: Street Time Now to check what's going on in d C.
Speaker 1: Some of the top stories in our nation's capital include
Speaker 1: members of the House January six Committee saying they have
Speaker 1: built evidence of criminal wrongdoing going all the way to
Speaker 1: former President Donald Trump. Republican Adam Kinzinger tells ABC's This
Speaker 1: Week he hopes the Justice Department is watching. We never
Speaker 1: want to get in a position as a country what
Speaker 1: you see in failed democracies where every last administration is prosecuted.
Speaker 1: But there is a massive difference between I'm going to
Speaker 1: prosecute the last administration for political vengeance and not prosecuting
Speaker 1: an administration that literally attempted a failed coup. Also making news,
Speaker 1: the World Health Organization declaring monkey poks a global health emergency.
Speaker 1: White House COVID Response Coordinator Doctor She's Jo says the
Speaker 1: outbreak can be contained in the US. The way we
Speaker 1: contain monkey poks is I make testing widely available. We
Speaker 1: have done that, and now this thing is far more
Speaker 1: frequent and common. We're going to be releasing hundreds of
Speaker 1: thousands of more vaccines in the next days and weeks.
Speaker 1: Doctor She's jaw is on CBSS Face the Nation and
Speaker 1: ahead of the Federal Reserves policy decision this week, Treasury
Speaker 1: Secretary Janet Yellin tells NBC's Meet the Press she does
Speaker 1: not see signs the US economy is in a recession.
Speaker 1: There is a slowdown, and businesses can see that, and
Speaker 1: that's appropriate given that people now have jobs and we
Speaker 1: have the strong riber market. Meet the Press, Face the
Speaker 1: Nation and this week can all be heard every Sunday
Speaker 1: right here on Bloomberg Radio. Let's bring in Bloomberg Government
Speaker 1: reporter Emily Wilkins for more on what's happening in the
Speaker 1: nation's capital. Emily, good morning. It sounds like the January
Speaker 1: six Committee has a few lines of inquiry it could
Speaker 1: potentially be looking into even after that final prime time hearing,
Speaker 1: y Nathan, the thing that we've been hearing from listening
Speaker 1: from Helene, Laura, from others on the panel is that
Speaker 1: the dam has been broken, that they're starting to get
Speaker 1: a lot more witnesses coming forward, being willing to testify
Speaker 1: and be willing to share information. So the committee is
Speaker 1: I guess we could call them on a break. Now.
Speaker 1: They're certainly doing work behind the scenes, but we're not
Speaker 1: going to be seeing more public hearings until we get
Speaker 1: to September. And we're also keeping an eye out for
Speaker 1: some sort of report from the committee. We initially were
Speaker 1: expecting a final report around the end of this summer
Speaker 1: early fall. Now it sounds like we might not get
Speaker 1: a final one until a little bit later um. And
Speaker 1: this is coming as the Committee is also trying to
Speaker 1: figure out, uh, look into what happened with text messages
Speaker 1: from the Secret Service from January five and January six.
Speaker 1: The Committee had put in a request to get those
Speaker 1: texts and they were told that they did not exist,
Speaker 1: that those texts had been wiped when the phones are
Speaker 1: reset to factory mode in January one. The Committee is
Speaker 1: said they're going to continue to look into that. You've
Speaker 1: got the Department of Homeland Securities Inspector General that's also
Speaker 1: opened up an investigation into that. One. One thing that
Speaker 1: really remains to be seen at this point a huge
Speaker 1: question mark for the committee because whether or not they're
Speaker 1: going to make any sort of criminal referral of Donald
Speaker 1: Trump to the Justice Department. I know in that clip.
Speaker 1: Obviously you heard Congressman Kinsinger suggests that that would be warranted,
Speaker 1: but whether or not the committee decides to do so
Speaker 1: is is still up in the air. And of course
Speaker 1: comes as the Justice Department as well as other, uh
Speaker 1: you know, attorney general departments and legal departments across the
Speaker 1: country are looking into Trump and his actions around trying
Speaker 1: to overturn the election and trying to come to some
Speaker 1: conclusion about what, if anything, is going to be done
Speaker 1: with the former president. And even with this ongoing legal overhang,
Speaker 1: this is a very interesting week in Washington because former
Speaker 1: President Trump is coming back to d C for the
Speaker 1: first time since he left office after January six. Yeah,
Speaker 1: the President's going to deliver a keynote speech on Tuesday
Speaker 1: at the American First Agenda Summit, which is a conservative conference.
Speaker 1: He's not expected to announce another run for president in
Speaker 1: his speech, according to advisors, but we all know that
Speaker 1: he sometimes likes to go off script um, and it's
Speaker 1: certainly going to be just sort of a sense of
Speaker 1: you know, what's the reaction of Trump in and around Washington,
Speaker 1: d C. I mean, a city that's already um, pretty
Speaker 1: globeral liberal as far as things go. Um, but also
Speaker 1: just kind of a test um of Trump's continuing power
Speaker 1: on the campaign trail. Um. I mean, certainly you've seen
Speaker 1: the disapproval to approval rating for Trump. You've seen more
Speaker 1: of folks begin to disapprove of him since March, since
Speaker 1: the first of the January six Committees revelations and and
Speaker 1: news began to come out. But you know, there is
Speaker 1: still a solid chunk of the population um that approves
Speaker 1: of him, that wants to see him run for president again, um,
Speaker 1: and that still supports him, And at this point it
Speaker 1: really remains to be seen how that might stack up
Speaker 1: against other potential Republican contenders for president. In only about
Speaker 1: thirty seconds left here, Emily, but even before the President's appearance,
Speaker 1: former Vice President Mike Pence is coming to d C
Speaker 1: as well tonight. Yeah, and Pencils actually here last week
Speaker 1: talking with a bunch of House Republicans who all greeted
Speaker 1: him very warmly, including those who have like very strongly
Speaker 1: back Trump. But you're also going to see Pence given
Speaker 1: an announcement at the Heritage again a conservative thing take.
Speaker 1: His speech is going to be more focused on policy,
Speaker 1: which is something we're hearing Pence talk a lot about.
Speaker 1: He's also a potential contender for four. Really you really
Speaker 1: interesting to see how he both kind of differgiates himself
Speaker 1: from Trump while sticking to Trump as of course his
Speaker 1: former vice president. All Right, Bloomberg Government reporter Emily Wilkins
Speaker 1: gonna be very busy in Washington, d C. This week,
Speaker 1: and you can read more about all these stories on
Speaker 1: Bloomberg dot com or on the Bloomberg terminal and listen
Speaker 1: to Bloomberg Radio from the nation's capital of Bloomberg one
Speaker 1: and one oh five point seven FM HD two SMP.
Speaker 1: Future is up twenty points right now. Down futures up
Speaker 1: a hundred sixty nine. NAZAC futures are higher by sixty
Speaker 1: two points ten. Your treasury is down thirteen thirty seconds now.
Speaker 1: The yield two point seven nine percent. Yield on the
Speaker 1: two year two point nine eight percent. Bloomberg Surveillance is
Speaker 1: next with Tom Keene, Jonathan Farrell, and Lisa Bronwitz is
Speaker 1: back this week for Karen Moscow. I'm Nathan Hagar, and
Speaker 1: this is Bloomberg