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Speaker 1: Life from the Bloomberg in director Berger Studios. This is

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Speaker 1: Bloomberg day Break for Wednesday, October two. Coming up the shower,

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Speaker 1: Elon must agrees to buy Twitter. It provides a glimpse

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Speaker 1: of his plans for the social media network. Liz Truss

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Speaker 1: addresses her party as the Prime Minister works to get

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Speaker 1: her economic agenda back on track and the Fed won't

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Speaker 1: let up official signal no plans to slow interest rate heights.

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Speaker 1: New York City authorities and the d e A announced

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Speaker 1: a big bust of rainbow fentamil plus. President Biden heads

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Speaker 1: to Florida today to look at Hurricane A inststruction. I'm

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Speaker 1: Michael blar more An, I'm John Stashower and sports baseball history.

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Speaker 1: Aeron Judge, in his record breaking sixty second over on

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Speaker 1: the Atlanta Braves, clints the l E that's all's trading

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Speaker 1: head on Bloomberg day Break on Bloomberg eleven three on

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Speaker 1: New York, Bloomberg one, Washington d C, Bloomberg one oh

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

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Speaker 1: M one nineteen and around the world Old on Bloomberg

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Speaker 1: Radio dot Com and via the Bloomberg Business App. Good morning,

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Speaker 1: I'm Kared Moscow. I'm Nathan Haygar. Bloomberg Daybreak is brought

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Speaker 1: to you by s E. I imagine your asset management

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Speaker 1: firms operational infrastructure as a competitive advantage. Let se I

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Speaker 1: show you how at se I C dot Com, slash,

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Speaker 1: I m S and us sucket Next futures are lower

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Speaker 1: this morning six oh one on Wall Street. We check

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Speaker 1: the markets every fifteen minutes throughout the trading day. On

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Speaker 1: Bloomberg s and P futures down thirty six points down,

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Speaker 1: Future is down two and NASDACK futures down one hundred ten.

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Speaker 1: The ten year treasury down seventeen thirty seconds. He had

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Speaker 1: three point seven zero percent, and they yield on the

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Speaker 1: two year four point one two percent. Nathan Karen, We'll

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Speaker 1: get back to markets in a moment, but we begin

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Speaker 1: with Elon Musk reviving his bid to buy Twitter. He

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Speaker 1: will make the acquisition at the original price of fifty

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Speaker 1: four dollars twenty cents is share. Now, attention turns to

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Speaker 1: the path ahead for Musk and Twitter. Ross Gerber with

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Speaker 1: Gerber Kawasaki says the world's richest man could be in

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Speaker 1: for a bumpy ride. He's paying the highest price possible.

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Speaker 1: He's trying to get dead at the worst time possible.

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Speaker 1: He's basically being forced to buy this company. It's not

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Speaker 1: like he changed the heart. I think his lawyers just

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Speaker 1: told him he was gonna lose. This is a mess.

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Speaker 1: Ross Gerber with Gerber Kalasaki says Musk is acquiring the

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Speaker 1: company with employee morale at an all time low. Twitter

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Speaker 1: shares close higher yesterday, and Tesla shares rose on the

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Speaker 1: news as well. They climbed nearly three percent this morning,

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Speaker 1: though Tesla is down about one and a quarter percent.

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Speaker 1: Attorney to the broader markets now, nathan Us futures are

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Speaker 1: lower following two days of gains. Optimism for a so

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Speaker 1: called FED pivot maybe waning. Phil Palumbo, CEO with Palumbo

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Speaker 1: Wealth Management, says this week's gains are likely a bear

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Speaker 1: market rally to reduce some of the wrist wood ball.

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Speaker 1: We've been investing in cash right now, and we're taking

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Speaker 1: advantage of all too. As we're in this bear market

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Speaker 1: and as we believe things will get worse. Will put

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Speaker 1: those Moneys to work in good quality businesses as long

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Speaker 1: term investors. NFL Palumbo with Palumbo Wealth Management says he

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Speaker 1: expects inflation to fall from here, but he also predicts

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Speaker 1: the volatility will continue well. This morning's dropping futures Karen

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Speaker 1: follows hawk is rhetoric from more central bank officials. FED

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Speaker 1: Governor Philip Jefferson says reducing inflation will likely require a

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Speaker 1: period of weak growth to ease demand. Also speaking yesterday,

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Speaker 1: San Francisco Fed President Mary Daily, she calls inflation a

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Speaker 1: corrosive disease. Right now. The pain that I hear every day,

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Speaker 1: the suffering that people tell me they're going through, is

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Speaker 1: on the inflation side. And this is true of low

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Speaker 1: and moderate income people, not just people who are worried

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Speaker 1: that inflation expectations will draft. They're worried about their day

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Speaker 1: to day living. And stay tuned for more from San

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Speaker 1: Francisco Fed President Mary Daily later this morning. We'll sit

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Speaker 1: down with her for an interview live on Bloomberg Radio

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Speaker 1: and Television at ten fifteen Wall Street Time. Well overnight

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Speaker 1: saw stocks and Asia rally for a second straight day.

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Speaker 1: Nathan traders are betting that the global monetary policy tightening

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Speaker 1: cycle will soon ease, and Bloomberg's Juliette Sally joins us

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Speaker 1: from Singapore with the latest Good Morning, Juliet, Good Morning Parent.

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Speaker 1: The regional Benchmark Index climbed as much as one point

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Speaker 1: eight percent, led by a surgeon, consumer discustionary and tech

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Speaker 1: stocks like t SMC and Ali Barber, and that brought

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Speaker 1: the measures two day rally to more than a four percent,

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Speaker 1: the best two day games since March. Stocks in Hong

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Speaker 1: Kong the region's best performers, the Benchmark Hang Sang Index

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Speaker 1: jumping more than five Percenters trading resumed following a holiday,

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Speaker 1: and the Kiwi In New Zealand, bonds rallied as the

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Speaker 1: ABENZ followed up with yet another fifty basis point hike,

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Speaker 1: the fifth in a row in Singapore. Juliette Sally Bloomberg Daybreak, Juliet, Thanks,

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Speaker 1: Let's turn to Europe now, where it's all about UK politics.

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Speaker 1: Prime Minister Liz Trust is delivering a speech at the

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Speaker 1: annual Tory Conference in Birmingham aimed at reviving her beleaguered premiership.

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Speaker 1: Bloomberg's James Willcock is there and joins us with the

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Speaker 1: very latest Good Morning, James, Good Morning, Karen and Nathan.

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Speaker 1: Liz Trust's honeymoon is over now after humiliating U turn

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Speaker 1: and market chaos. She needs to prove to the Conservative

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Speaker 1: party that elected her only a month ago that she

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Speaker 1: can actually lead the government. She acknowledge that's struggled in

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Speaker 1: her speech, saying wherever there is change, there is disruption.

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Speaker 1: But even ahead of that speech, divisions in her party

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Speaker 1: are coming to light. Even members of the Prime Minister's

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Speaker 1: top team are in open disagreement over what to do next.

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Speaker 1: In Birmingham, I'm James Wilcock, Bloomberg Daybreak. All right, James,

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Speaker 1: thank you to politics here in the US now, where

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Speaker 1: Donald Trump is back in focus. The former president is

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Speaker 1: asking the Supreme Court to let a court appointed special

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Speaker 1: master review classified documents sees from his Mara Lago home.

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Speaker 1: To move escalates the Justice Department's investigation into whether Trump

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Speaker 1: or his aids illegally took sensitive government records when he

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Speaker 1: left office and obstructed repeated efforts to recover them. In

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Speaker 1: New York, here and we got word. Micron Technology plans

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Speaker 1: to invest as much as a hundred billion dollars over

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Speaker 1: the next twenty years to build a factory in the state.

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Speaker 1: It's the latest bid to boost US production of memory chips.

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Speaker 1: Governor Kathy HOCl says it will create about fifty tho

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Speaker 1: jobs in New York State. We believe that this is

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Speaker 1: going to be a catalyst not just for this company

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Speaker 1: and jobs to come here, but also the supply chain companies.

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Speaker 1: It will say, you know, I don't want to manufacture overseas.

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Speaker 1: There's so many disruptions. New York Governor Kathy HOCl spoke

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Speaker 1: with David Ston on Bloomberg's Balance of Power. Catch the

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Speaker 1: program weekdays at noon on Bloomberg Radio and television. Well

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Speaker 1: turning to corporate news now, Nathan Amazon is pausing hiring

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Speaker 1: for corporate positions and its retail business. It's the latest

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Speaker 1: sign that Amazon is adjusting its workforce to slowing online sales.

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Speaker 1: Sources say the company will pause recruitment until the end

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Speaker 1: of the year. The priest does not apply to its

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Speaker 1: warehouse network, where most of its employees work and Karen's

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Speaker 1: E cigarette manufacturer Jewel has begun talks for funding for

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Speaker 1: potential Chapter eleven bankruptcy. That's according to people with knowledge

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Speaker 1: of the preparations. They say it's not final. Plans could change.

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Speaker 1: A Jewel spokesman says the company is still considering other

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Speaker 1: avenues and right now SMP futures are down thirty three points.

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Speaker 1: Staff futures are lower by two hundred seventy three. NASTACK

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Speaker 1: futures onto decline by one one points. The tenure treasury

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Speaker 1: is down fifteen thirty seconds. You'll three point six nine percent.

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Speaker 1: You'ld on the two year four point one two. Nimex

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Speaker 1: cruds down to tenth per cent or eleven cents at

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Speaker 1: eighty six dollars forty one cents a barrel. Coomas gold

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Speaker 1: is low were by eight tenths percent at seventeen sixteen

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Speaker 1: sixty announced. The euro point nine against the dollar, the

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Speaker 1: pound one point one three one. The yen is at

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Speaker 1: one point four nine Bitcoin trading around twenty thousand one dollars.

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Speaker 1: Straight ahead your latest local headlines and a check of sports.

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Speaker 1: This is Bloomberg and it's now six oh seven on

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Speaker 1: Wall Street, fifty six degrees of brain in Central Park,

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Speaker 1: still dealing with big problems Route eighty getting through Patterson.

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Speaker 1: This morning, Michael Barr has more on what's going on

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Speaker 1: in New York and around the world. Good morning, Might call,

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Speaker 1: Good morning Nathan. The New York Division of the Drug

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Speaker 1: Enforcement Administration and local law enforcement say they've made a

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Speaker 1: significant seizure of Rainbow fentonil in Manhattan. The seizure of

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Speaker 1: nearly fifteen thousand pills happened on September twenty eight, when

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Speaker 1: a vehicle under surveillance by the d e A was

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Speaker 1: stock outside the Lincoln Tunnel. Bridget Brennan is New York

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Speaker 1: City Special Narcotics Prosecutor. They approached there and found Letitia

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Speaker 1: Bush in the rear seat with two black tote bags

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Speaker 1: and a yellow Lego container. Right there inside the Lego

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Speaker 1: container were several brick shaped packages covered in black tape

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Speaker 1: line next to lego blocks. Prosecutor Brennan says, Bush was

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Speaker 1: arrested d e A Special Agent in charge, Frank Tarantino,

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Speaker 1: this is deliberate, This is calculated. This is treacherous deception

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Speaker 1: to market Rainbow fenanel like candy. Frank Tarantino with the

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Speaker 1: d e A says, with Halloween approaching, these newly packaged

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Speaker 1: poisons our parents worst nightmare. Mourners will say their final

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Speaker 1: goodbyes to an f d N y E M S Lieutenant.

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Speaker 1: Funeral services take place today for Alice and Russo Elling

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Speaker 1: and Brookville. She was fatally stabbed last week in an

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Speaker 1: unprovoked attack. The f d n Y says Russo Elling,

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Speaker 1: who was sixty one, will be posthumously promoted to captain today.

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Speaker 1: President Biden will had to Florida today to meet with

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Speaker 1: Governor Ron Descantis. Days after hurricaney and pounded Florida Southwest,

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Speaker 1: crews are still conducting door to door searches for survivors.

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Speaker 1: Fort Myers Beach Mayor Ray Murphy nobody was spared this storm.

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Speaker 1: Every structure on the island was a second. Mayor Murphy

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Speaker 1: says the city will rebuild. President Joe Biden will be

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Speaker 1: in New York State tomorrow. The President heads to a

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Speaker 1: jobs event hosted by IBM and a pair of fundraisers

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Speaker 1: ahead of the November midterm elections. A White House officials

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Speaker 1: says the trip will include a visit to the IBM

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Speaker 1: campus in Poughkeepsie. Biden is later expected to travel to

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Speaker 1: New Jersey for a fundraiser hosted by the Democratic National Committee.

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Speaker 1: Gas prices can rise again on expectations of a large

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Speaker 1: cut and crew to oil production from the OPEC arctel.

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Speaker 1: It meets today Global News twenty four hours a day

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Speaker 1: on air and on Bloomberg Quicktake powered by more than

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Speaker 1: seven hundred journalists and analysts and more than a hundred

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Speaker 1: twenty country He's I'm Michael bar This is Bloomberg, Nathan.

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Speaker 1: Thank you, Michael. Coming up to six ten on Wall

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Speaker 1: Street time for the Bloomberg Sports Update. Aaron Judges in

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Speaker 1: the record books, John Stash, Are you know, Nathan? They've

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Speaker 1: been playing baseball in the American League for a hundred

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Speaker 1: and twenty years. The three most home runs hit a

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Speaker 1: single season all by Yankee outfielder's the sixty hit by

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Speaker 1: Babe Ruth, seven sixty one hit by Rodgermaris nineteen sixty

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Speaker 1: one and now sixty one years after that move over Rogermars.

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Speaker 1: Aaron Judge let off the second game of a double

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Speaker 1: header and texts the one one swing on there it

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Speaker 1: goes tap blood that is hot. Hut us far hut

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Speaker 1: us come number sixty two to set the new American

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Speaker 1: League records. Aaron Judge hits his sixty second all the

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Speaker 1: Yankees out of the dugout to greenhand f Ana had

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Speaker 1: the call. It came off the Rangers. Hey SEUs Tonoko

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Speaker 1: is third pitch of the game, a slider that Judge

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Speaker 1: hit to the left field stands. It was caught there

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Speaker 1: by guys, apparently a wealthy banker, and so far anyway,

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Speaker 1: holding onto the ball judges season has been amazing, twenty

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Speaker 1: three more home runs than anyone else in the league,

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Speaker 1: only forty four fewer home runs in the entire Detroit Tigers.

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Speaker 1: And oh, by the way, he's gonna be a free

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Speaker 1: agent after the season. The Yankees split the double header.

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Speaker 1: They learned their opponent in the division series will be

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Speaker 1: the winner of the Wild Cards series between Cleveland and

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Speaker 1: Tampa Bay. The Mets learned their opponent in their wild

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Speaker 1: Card series this weekend in City Field will be the

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Speaker 1: San Diego Padres. Met swept the double header from Washington,

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Speaker 1: but Atlanta clints the NL East with a win in

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Speaker 1: Miami preseason NBA and next meet the Pistons of the Guard.

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Speaker 1: The Islanders have locked up Matthew Barzel new eight year,

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Speaker 1: seventy three million dollar contract, John Stashy Howard Bloomberg Sports,

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Speaker 1: Nathan Okay, John, thank you, s ANDP Futures down thirty

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Speaker 1: four points down. Futures down tune to eighty six. Dance

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Speaker 1: dex futures are lower by a hundred four points. The

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Speaker 1: British pounded one point one three eight three against the dollar.

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Speaker 1: As UK Prime Minister Liz Trust begins to speak to

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Speaker 1: her concern Servative conference. We check in live next in

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Speaker 1: Birmingham with Bloomberg's James Woolcock Bloomberg eleventh three oh weather.

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Speaker 1: This rain will taper off, the afternoon showers to clear out.

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Speaker 1: By this evening we'll get up to around sixty degrees

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Speaker 1: clearing milder tomorrow, low seventies, sunny, low seventies for Friday

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Speaker 1: right now fifties six in Central Park. Markets, headlines and

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Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,

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Speaker 1: the Bloomberg Business at and at Bloomberg Quicktake. This is

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Speaker 1: a Bloomberg Business Flash, and I'm Karen Moscow. US stock

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Speaker 1: index futures and European shares are falling as investors scaled

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Speaker 1: down their optimism for less hankish central banks and seek

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Speaker 1: more evidence that inflation is moderating. We check the markets

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Speaker 1: every fifteen minutes so out the trading day on Bloomberg

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Speaker 1: Guess and P futures down thirty seven points down, Future

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Speaker 1: is down three hundred three and nasdack futures down one

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Speaker 1: hundred seven. The decks in Germany's down nine tenths of

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Speaker 1: upper sent the tenure Treasury down seventeen thirty seconds three

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Speaker 1: point seven zero percent. They yield on the two year

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Speaker 1: four point one two percent. Nimex screwed oil is down

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Speaker 1: four tenths per cent to thirty seven cents at eight

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Speaker 1: six dollars fifteen cents of Barrow Comex gold is down

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Speaker 1: one point one percent or eighteen dollars twenty cents at

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Speaker 1: seventeen twelve thirty announced hero po five against the dollar,

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Speaker 1: British found one point one three seven seven and began

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Speaker 1: one forty four point four seven, and Bitcoin is down

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Speaker 1: one point one percent at twenty thousand, one hundred dollars. Today,

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Speaker 1: we are watching for our report on private pay rolls

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Speaker 1: at any fifteen Wall Street time at eight thirty. Is

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Speaker 1: a trade balance, then a tend to look at service industries.

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Speaker 1: That's a Bloomberg business flash. Now here's Muchael Barr with

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Speaker 1: more on what's going on around the world. Michael Darren,

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Speaker 1: thank you very much. Recovery efforts continue in Florida made

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Speaker 1: the devastation left by hurricane and President Biden plans to

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Speaker 1: visit the state today. United Airlines is said to be

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Speaker 1: restarting Hong Kong flights as soon as January. It's one

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Speaker 1: of a hand full of major airlines to resume passenger

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Speaker 1: flights to the city, which has largely been cut off

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Speaker 1: to the outside world since the start of the pandemic.

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Speaker 1: In baseball, Yankee slugger Aaron Judge hit his sixty second

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Speaker 1: home run of the season to break Roger Maris his

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Speaker 1: American League record, and happened in Game one as the

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Speaker 1: Yankees split a double header with the Rangers. The Mets

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Speaker 1: swept the double header against the Nationals, but the Brave

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Speaker 1: still clinched the NNL East with a wind over the Marlins,

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Speaker 1: the Red Sox and A's one the Giants lost. Global

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Speaker 1: news twenty four hours a day on here and on

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Speaker 1: Bloomberg Quick Take, powered by more than journalists and analysts

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Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan.

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Speaker 1: Thanks Michael. It is six nineteen on Wall Street Live

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Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak.

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Speaker 1: We want to turn out of the political drama in

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Speaker 1: the UK. Prime Minister Liz trust is addressing her fellow

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Speaker 1: conservatives right now at their party conference, trying to get

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Speaker 1: her economic agenda and her premiership back on track. She

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Speaker 1: just began speaking moments ago. Let's listen into part of

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Speaker 1: what she's had to say. We got a at a

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Speaker 1: vital time for the United Kingdom. These are stormy days. Together.

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Speaker 1: We've mourned the death of Queen Elizabeth the Second, the

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Speaker 1: rock on which modern Britain was built. We're now in

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Speaker 1: a new era under King Charles the Third. We're dealing

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Speaker 1: with the global economic crisis caused by COVID and by

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Speaker 1: Putin's appalling war in Ukraine. In these tough times, we

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Speaker 1: need to step up. I'm determined to get Britain moving,

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Speaker 1: to get us through the tempest and to put us

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Speaker 1: on a stronger footing as a nation. I'm driven in

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Speaker 1: this mission by my firm belief in the British people.

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Speaker 1: I believe that you know best how to spend your

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Speaker 1: own money to get on in life and to realize

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Speaker 1: your ambitions. The UK Prime Minister Liz Trust as she

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Speaker 1: continues speaking this morning at the Wary conference in Birmingham.

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Speaker 1: Let's check in live with Bloomberg's James Wilcock, who has

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Speaker 1: been covering this event. For the last several days here,

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Speaker 1: and it has been a tumultuous a few days. Of course, James,

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Speaker 1: what else is standing out from this speech for you,

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Speaker 1: I mean, Nathan. Just as I'm watching this now, protesters

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Speaker 1: have stormed the stage to just a minute ago, two

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Speaker 1: process has tried to unveil a Greenpeace banner for climate change.

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Speaker 1: Activists have had to be dragged out, and this just

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Speaker 1: sort of responded to it by saying, I'm gonna be

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Speaker 1: talking about the anti growth coal issue that people who

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Speaker 1: are holding us back and later on this speech, but

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Speaker 1: they seem to proviriving a little early, so she handled

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Speaker 1: that quite well. But she is now trying, Nathan, to

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Speaker 1: reset her agenda. She's talking a bit about her history,

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Speaker 1: how she comes to politics and why she cares so

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Speaker 1: much about growth and what has led to her making

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Speaker 1: these choices that she has made, and also you turned

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Speaker 1: on earlier this week. It's been an incredible few weeks

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Speaker 1: for her, having to have seventy years of the Queen's

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Speaker 1: rule and deal with that funeral only a week into

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Speaker 1: the job, and now a month into the job, she's

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Speaker 1: having to say about her entire policy agenda in spite

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Speaker 1: of the market chaos the UK has been facing. It's

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Speaker 1: a very difficult ask for a very new prime minister. Yeah,

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Speaker 1: and it's been a very difficult time for obviously when

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Speaker 1: she's had to reneg on some of this economic agenda

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Speaker 1: that she's put forward, particularly on the text cuts for

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Speaker 1: the wealthy. Is there a sense that she's going to

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Speaker 1: firm up around an economic agenda, the sort of adjust

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Speaker 1: to the reality of the political head whence she's facing

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Speaker 1: from within her own party. Well, the difficulty is is

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Speaker 1: that the Chancellor has said that he isn't able to

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Speaker 1: unveil his economic plan for how he's going to pay

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Speaker 1: for all this sort of fiscal stimulus until November twenty

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Speaker 1: three in the speech. What we're effectively watching for is

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Speaker 1: how she performs. Can she bring the party back on side,

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Speaker 1: because one of the big danger in the UK's list

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Speaker 1: trusts support within her own party is so fractious. Is

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Speaker 1: what this sort of conference has unveiled that when they

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Speaker 1: go back to Westminster next week there are real questions

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Speaker 1: swirling about if she could actually pass any of her

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Speaker 1: measures into legislation or will there be a lame duck administration. Yeah,

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Speaker 1: I know you've been speaking to conservative members throughout. I

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Speaker 1: guess what Conservative members who have shown up to this

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Speaker 1: conference so far, what have they been telling you about

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Speaker 1: whether they do support the agenda from lost Trust going forward. Well,

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Speaker 1: in terms of the rank and file, it's fascinating the

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Speaker 1: ones who are free to talk to journalists. The staff

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Speaker 1: as who work for MPs is always an interesting indicator.

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Speaker 1: I have had more than than I can count on

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Speaker 1: one hand tell me they are looking for jobs outside

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Speaker 1: of politics because they don't expect to win the next election,

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Speaker 1: So that's always an interesting indicator. They aren't optimistic at all.

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Speaker 1: And like you've mentioned, the MPs, the members of part

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Speaker 1: of the lawmakers who are part of the party, So

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Speaker 1: many of them haven't shown up and a lot of

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Speaker 1: them have gone home yesterday because today in the UK

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Speaker 1: there are rail strikes plans specifically to try and hamstring

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Speaker 1: attendance this events, which just goes to show the scale

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Speaker 1: of unrest the UK is facing. This Trust has such

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Speaker 1: an uphill battle and in this speech we will be

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Speaker 1: judging to see if she can reset the agenda and

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Speaker 1: bring back they in time to be back to Western's

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Speaker 1: the next week. I try and pushed through this big

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Speaker 1: agenda rail strikes, rancor within the party and green Peace protesters.

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Speaker 1: It just sort of encapsulates the atmosphere in the UK

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Speaker 1: right now. As you mentioned, an uphill climb might be

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Speaker 1: understating things for Liz Trust. Thanks for this, James, great

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Speaker 1: work covering the Tory conference throughout these last few days.

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Speaker 1: Here James Wilcox joining us this morning from the Conservative

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Speaker 1: Party conference in Birmingham, England, where Prime Minister Liz Trust

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Speaker 1: is continuing her address. You can watch it on the

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Speaker 1: Bloomberg terminal at live Go. We also have a blog

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Speaker 1: running with our top Live team t l I v

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Speaker 1: go UH to get more on what the Prime ministers

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Speaker 1: had to say, an instant analysis of her comments as

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Speaker 1: they happen. Looking ahead to the market open here on

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Speaker 1: Wall Street, futures are moving lower. SMP futures are down

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Speaker 1: thirty four points down, futures down two to eighty three,

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Speaker 1: NASTAC futures lower by nineties six points. British pound one

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Speaker 1: point one three eight three against the dollars, so weakening

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Speaker 1: on the cable rate. You're listening to Bloomberg day Break

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Speaker 1: Bloomberg eleven three oh weather rain will taper off and

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Speaker 1: should be done by this evening, we'll get up to

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Speaker 1: your sixty degrees clearing low seventies Tomorrow sunshine low seventies

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Speaker 1: continue for Friday. Right now fifty six in Central Park,

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Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York.

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Speaker 1: Bloomberg E Living Free to Washington, d C. Bloomberg nine

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Speaker 1: one to Boston, Bloomberg What all six one does? San Francisco,

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Speaker 1: Bloomberg nine sixteen to the country Sirius XM chto one

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Speaker 1: nine ten, and around the globe the Bloomberg Business app

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Speaker 1: and Bloomberg Radio dot com. This is Bloomberg Daybreak, six

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Speaker 1: thirty on Wall Street. Good morning, I'm Nathan Hagar and

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Speaker 1: I'm Karen Moscow. We're just about three hours away from

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Speaker 1: the open of US trading. Time for the five things

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Speaker 1: that you need to notice start your day. To you

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Speaker 1: buy Interactive Brokers. Interactive Brokers charges Martin loan rates from

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Speaker 1: three point five eight percent to four point five eight

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00:21:07,160 --> 00:21:10,159
Speaker 1: percent rates subject to change. Learn more at ibk r

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Speaker 1: dot com. Slash compare. At first, we begin with Elon

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Speaker 1: Musk reviving is bid to buy Twitter. He'll make the

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Speaker 1: acquisition at the original price of fifty four do twenty

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Speaker 1: cents of share. Ross Gerber with giber Kawasaki says the

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Speaker 1: world's richest man must focus on mending his relationship with

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Speaker 1: a company and its employees. It's not distrust, it's hate.

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Speaker 1: They hate him. He's created a situation. And I love Elon,

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Speaker 1: you know, I'm I'm a fan and supporter, don't get

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Speaker 1: me wrong, but I have friends of Twitter and they

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Speaker 1: hate him. Now, if I'm Twitter, I'm not going to

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Speaker 1: get rid of this lawsuit at all. I'm going to

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Speaker 1: force specific performance on Elon because there's no trust there

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Speaker 1: at all. Ross Gerber with Gibert Kawasaki says Muski is

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Speaker 1: acquiring the company with employee morale at an all time

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Speaker 1: loan on. Twitter shares closed twenty two percent higher yesterday.

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Speaker 1: They're lower this morning, down about four tens of upper

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Speaker 1: at Tesla's years also jumped on the news, climbing nearly

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Speaker 1: three percent, and they're also lower this morning, down one

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Speaker 1: point one percent. Now. The broader markets lower as well.

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Speaker 1: Karen futures are falling following wing a hawkish rhetoric from

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Speaker 1: several more Central Bank officials. San Francisco Fed president Mary

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Speaker 1: Daily spoke yesterday and stressed the importance of price stability,

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Speaker 1: Unlike it's a great time to be a worker. Workers

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Speaker 1: have all this power. I don't see a lot of

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Speaker 1: power if your real wages are following nine. And so

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Speaker 1: that is sort of an example of why inflation is

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Speaker 1: a corrosive if we let it go, it's a corrosive disease.

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Speaker 1: And hear more from San Francisco Fed President Mary Daily

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Speaker 1: later this morning, we sit down for whether for an

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Speaker 1: interview live on Bloomberg Radio and television at ten fifteen

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Speaker 1: Wall Street Time. Well overnight saw stocks and Asia rally

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Speaker 1: for a second a stray today, Nathan, with traders betting

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Speaker 1: global monetary tining release soon. It's a different story in

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Speaker 1: Europe this morning, where stocks are following US futures lower.

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Speaker 1: Now we continue to keep an eye in UK politics,

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Speaker 1: Karen Prime Minister Liz trust is speaking at the annual

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Speaker 1: Tory conference and burning him that seemed at reviving her

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Speaker 1: beleaguered leadership. Well back here in the US, Nathan, politics

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Speaker 1: also in focus, Former President Donald Trump is asking the

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00:23:07,800 --> 00:23:11,119
Speaker 1: Supreme Court to let a court appointed special master review

431
00:23:11,200 --> 00:23:14,760
Speaker 1: classified documents sees from his Marilago home. And that's the

432
00:23:14,800 --> 00:23:17,000
Speaker 1: five things you need to know to start your day.

433
00:23:17,119 --> 00:23:21,360
Speaker 1: Brought to you by Interactive Brokers. Futures this morning are

434
00:23:21,440 --> 00:23:24,520
Speaker 1: lower SNP futures down twenty eight points and Down Futures

435
00:23:24,520 --> 00:23:28,159
Speaker 1: down two eight and NASDACK futures down eighty one and

436
00:23:28,359 --> 00:23:31,440
Speaker 1: straight ahead. We have your latest local headlines plus a

437
00:23:31,520 --> 00:23:38,840
Speaker 1: check of sports. This is Bloomberg. Thank you, Karen. It

438
00:23:39,000 --> 00:23:40,960
Speaker 1: is six thirty three on Wall Street, rain in fifty

439
00:23:41,040 --> 00:23:43,639
Speaker 1: six degrees in Central Park to focal point continues to

440
00:23:43,640 --> 00:23:47,280
Speaker 1: be Patterson Root eighty Big issues their details coming up

441
00:23:47,280 --> 00:23:49,560
Speaker 1: in traffic First Michael Barr with what else is going

442
00:23:49,560 --> 00:23:51,280
Speaker 1: on in New York and around the world. Michael, thank

443
00:23:51,280 --> 00:23:54,160
Speaker 1: you very much. Nathan. Mourners will say their final goodbyes

444
00:23:54,240 --> 00:23:56,639
Speaker 1: to an f d n Y E M S Lieutenant.

445
00:23:57,000 --> 00:23:59,840
Speaker 1: Funeral services take place today for Alison and Russo l

446
00:23:59,880 --> 00:24:02,920
Speaker 1: A in Brookville. She was fatally stabbed last week in

447
00:24:02,960 --> 00:24:06,720
Speaker 1: an unprovoked attack. The f d n Y says russo Elling,

448
00:24:06,760 --> 00:24:10,800
Speaker 1: who was sixty one, will be posthumously promoted to captain. Today,

449
00:24:11,000 --> 00:24:13,000
Speaker 1: the New York Division of the d e A and

450
00:24:13,200 --> 00:24:16,240
Speaker 1: local law enforcement announced the results of the first significant

451
00:24:16,240 --> 00:24:20,400
Speaker 1: seizure of Rainbow Fentinel in Manhattan. The seizure of nearly

452
00:24:20,440 --> 00:24:24,080
Speaker 1: fifteen thousand pills happened on September when a vehicle was

453
00:24:24,080 --> 00:24:26,960
Speaker 1: stopped outside the Lincoln Tunnel, where they discovered the pills

454
00:24:27,320 --> 00:24:31,720
Speaker 1: hidden in black tote bags and a lego container. Bridget

455
00:24:31,720 --> 00:24:35,639
Speaker 1: Brennan is New York City Special Narcotics prosecuted. My office

456
00:24:35,640 --> 00:24:39,520
Speaker 1: and our partners are committed to disrupting high level narcotics

457
00:24:39,560 --> 00:24:44,960
Speaker 1: trafficking by intercepting large loads of lethal drugs and drug proceeds.

458
00:24:45,800 --> 00:24:49,240
Speaker 1: We do this to protect New Yorkers and to save lives.

459
00:24:49,480 --> 00:24:52,679
Speaker 1: Prosecutor Brennan says, the person in the car, Letitia Bush

460
00:24:52,680 --> 00:24:56,520
Speaker 1: of Trenton, was arrested. President Biden will visit Florida today

461
00:24:56,560 --> 00:25:00,040
Speaker 1: to tour the damage caused by Hurricane and more and

462
00:25:00,119 --> 00:25:02,760
Speaker 1: one hundred people were killed by the storm in the US.

463
00:25:02,960 --> 00:25:05,800
Speaker 1: President Biden gave a stark warning while talking about the

464
00:25:05,880 --> 00:25:10,600
Speaker 1: Task Force on Reproductive Healthcare Access. According to the President,

465
00:25:10,680 --> 00:25:13,639
Speaker 1: if the Republicans win Congress this year, states that retained

466
00:25:13,680 --> 00:25:17,359
Speaker 1: abortion access rights could lose that as well, and the

467
00:25:17,400 --> 00:25:21,120
Speaker 1: Congress should codify the protections of ROW and do it

468
00:25:21,240 --> 00:25:24,880
Speaker 1: once and for all. But right now we have we're

469
00:25:25,160 --> 00:25:27,800
Speaker 1: short a handful of votes. It's the only way it's

470
00:25:27,840 --> 00:25:30,720
Speaker 1: going to happen is if the American people make it happen.

471
00:25:31,000 --> 00:25:34,240
Speaker 1: At least fifteen states have stopped nearly all abortion services

472
00:25:34,280 --> 00:25:37,000
Speaker 1: since the Supreme Court overturned Roe v. Wade in June.

473
00:25:37,480 --> 00:25:40,360
Speaker 1: Micron Technology says it plans to invest as much as

474
00:25:40,400 --> 00:25:43,240
Speaker 1: a hundred billion dollars over the next twenty years to

475
00:25:43,280 --> 00:25:45,480
Speaker 1: build a factory and upstate New York to boost the

476
00:25:45,600 --> 00:25:48,920
Speaker 1: US production of memory chips. The factory, to be built

477
00:25:48,960 --> 00:25:52,520
Speaker 1: near Syracuse, plans to create about five fifty thousand jobs.

478
00:25:52,920 --> 00:25:56,159
Speaker 1: Governor Kathy Hokel with Bloomberg's David Weston, spoke about New

479
00:25:56,240 --> 00:25:59,440
Speaker 1: York's five point five billion dollars in the project. This

480
00:25:59,560 --> 00:26:02,320
Speaker 1: is UH an enhancement of a program that already exists

481
00:26:02,359 --> 00:26:05,960
Speaker 1: where we'll give tax credits after jobs are created. So

482
00:26:06,119 --> 00:26:08,439
Speaker 1: this is not a blink check and you you know,

483
00:26:08,680 --> 00:26:11,320
Speaker 1: hoping to wing in a prayer. No, this is concrete.

484
00:26:11,320 --> 00:26:14,000
Speaker 1: It's money that will be spent over the twenty years

485
00:26:14,400 --> 00:26:17,760
Speaker 1: as the jobs are created, Governor hocole. Globally, there's twenty

486
00:26:17,760 --> 00:26:20,159
Speaker 1: four hours a day on air and on Bloomberg Quicktake,

487
00:26:20,200 --> 00:26:22,800
Speaker 1: powered by more than twenty seven hundred journalists and analysts

488
00:26:22,840 --> 00:26:25,080
Speaker 1: more than a hundred twenty countries. How Michael Bart, this

489
00:26:25,119 --> 00:26:32,840
Speaker 1: is Bloomberg, Nathan, Thank you Michael, six thirty six on

490
00:26:32,880 --> 00:26:35,320
Speaker 1: Wall Street for the big number this morning is sixty two.

491
00:26:35,520 --> 00:26:37,919
Speaker 1: There's John stash Are the Bloomberg Sports Update. All right,

492
00:26:38,000 --> 00:26:41,680
Speaker 1: Nathan Aaron Judges pursuit of Roger Marris is indeed finally

493
00:26:41,760 --> 00:26:45,520
Speaker 1: over number sixty two. Hit in game number one sixty one.

494
00:26:45,600 --> 00:26:47,679
Speaker 1: It became a fair apparent a few months ago that

495
00:26:48,119 --> 00:26:50,159
Speaker 1: might be tough for Judge to reach. Barry Bonds is

496
00:26:50,200 --> 00:26:53,199
Speaker 1: seventy three, but that Roger Marris's American League record was

497
00:26:53,240 --> 00:26:55,719
Speaker 1: in reach. He hit his six over two weeks ago.

498
00:26:55,760 --> 00:26:57,439
Speaker 1: It took him eight games to get sixty one, and

499
00:26:57,440 --> 00:26:59,960
Speaker 1: then five more games without a homer, including the open

500
00:27:00,040 --> 00:27:02,080
Speaker 1: were the double header in Texas, but Judge let off

501
00:27:02,119 --> 00:27:05,320
Speaker 1: the second game shot the left field off the Rangers. Hey,

502
00:27:05,359 --> 00:27:08,520
Speaker 1: susan Oco, he'll be the answer to a tribute question.

503
00:27:08,920 --> 00:27:11,040
Speaker 1: All of his Yankee teammates greeted him at home played,

504
00:27:11,080 --> 00:27:13,679
Speaker 1: and later Judge was asked what he'll remember about this

505
00:27:13,760 --> 00:27:17,000
Speaker 1: experience seeing Yankee Stadium on their feet for every single

506
00:27:17,000 --> 00:27:19,560
Speaker 1: I beat you know, they're booing pitchers for throwing balls,

507
00:27:19,640 --> 00:27:22,440
Speaker 1: you know, which I've never I've never seen before. And

508
00:27:22,920 --> 00:27:24,000
Speaker 1: you know, I think I got a base at the

509
00:27:24,040 --> 00:27:25,679
Speaker 1: other night and I was getting booed for a single.

510
00:27:25,760 --> 00:27:27,879
Speaker 1: You know. It's just you know, a little moments like

511
00:27:27,920 --> 00:27:30,959
Speaker 1: that you look back on. You know, would have been

512
00:27:30,960 --> 00:27:32,679
Speaker 1: great to do it at Yankee Stadium in front of

513
00:27:32,680 --> 00:27:35,040
Speaker 1: our home fans. But I know a lot of Yankee

514
00:27:35,080 --> 00:27:37,080
Speaker 1: fans they travel if they travel well, and there's a

515
00:27:37,080 --> 00:27:39,199
Speaker 1: lot of Yankee fans here tonight where this record got

516
00:27:39,240 --> 00:27:41,760
Speaker 1: so much attention because it's also the so called clean

517
00:27:41,920 --> 00:27:45,320
Speaker 1: record bombs mark with wire Sammy Sosa seasons all tainted

518
00:27:45,680 --> 00:27:48,480
Speaker 1: by steroids. Yankees beat the Rangers five four and then

519
00:27:48,520 --> 00:27:50,600
Speaker 1: lost three to two. They finished the season today going

520
00:27:50,640 --> 00:27:53,560
Speaker 1: for their one win in the Division series. They'll play

521
00:27:53,560 --> 00:27:56,440
Speaker 1: either Cleveland or Tampa Bay. The Mets swept the Double

522
00:27:56,520 --> 00:27:59,040
Speaker 1: Letter from Washington four two and ain't nothing. They'd won

523
00:27:59,080 --> 00:28:02,280
Speaker 1: a hundred games, but we'll finish second behind it Plant.

524
00:28:02,520 --> 00:28:05,399
Speaker 1: The Braid's planned to the Metal Faith San Diego and

525
00:28:05,480 --> 00:28:07,520
Speaker 1: the best of three wild Cards series at City Field

526
00:28:07,560 --> 00:28:11,600
Speaker 1: that starts on Friday. John Stasha war Bloomberg Sports. Thank you,

527
00:28:11,680 --> 00:28:14,399
Speaker 1: John sixty seven On Wall Street, Time to take a

528
00:28:14,400 --> 00:28:16,840
Speaker 1: look at stocks, some of the names moving in the

529
00:28:16,880 --> 00:28:21,439
Speaker 1: pre market with Bloomberg Markets correspondent and television anchor Danny

530
00:28:21,560 --> 00:28:24,399
Speaker 1: Burger with us this morning on a morning where it

531
00:28:24,480 --> 00:28:27,600
Speaker 1: seems like investors are saying to themselves, maybe the Fed's

532
00:28:27,720 --> 00:28:30,000
Speaker 1: not ready to pivot just yet after all. Is that

533
00:28:30,080 --> 00:28:32,240
Speaker 1: kind of your read, Danny? Yeah, I mean, I don't know.

534
00:28:32,280 --> 00:28:35,360
Speaker 1: It just feels like a market that is just so bearish,

535
00:28:35,720 --> 00:28:38,360
Speaker 1: or at least an investor sentiment that's sort of anything

536
00:28:38,760 --> 00:28:40,640
Speaker 1: seems to excite us and say, Okay, maybe the Fed's

537
00:28:40,640 --> 00:28:42,520
Speaker 1: gonna pivot, which is I think what we saw over

538
00:28:42,520 --> 00:28:45,200
Speaker 1: the past two days, including a nice little shortcovering rally

539
00:28:45,240 --> 00:28:48,160
Speaker 1: to really get stocks going. I think when you stop

540
00:28:48,160 --> 00:28:50,280
Speaker 1: and you pause and you listen to what FED speakers

541
00:28:50,280 --> 00:28:53,719
Speaker 1: have actually said, such as Daily yesterday, they certainly do

542
00:28:53,800 --> 00:28:56,520
Speaker 1: not sound like a group who are ready to pivot. Yeah,

543
00:28:56,600 --> 00:28:59,320
Speaker 1: let's take a look under the hood just a little bit.

544
00:28:59,560 --> 00:29:02,360
Speaker 1: This morning. Of course, we have to talk about the

545
00:29:02,440 --> 00:29:06,080
Speaker 1: Elon Musk Twitter buy out back on it has been

546
00:29:06,120 --> 00:29:09,800
Speaker 1: a saga that's just been riveting for the last few

547
00:29:09,840 --> 00:29:14,400
Speaker 1: months here and how's it affecting the shares this morning, Danny, Well,

548
00:29:14,440 --> 00:29:18,160
Speaker 1: so shares this morning are a little bit weaker pre market.

549
00:29:18,160 --> 00:29:20,160
Speaker 1: I mean that was after sort of a monster rally

550
00:29:20,200 --> 00:29:23,480
Speaker 1: of of of two percent yesterday, So pre market down

551
00:29:23,840 --> 00:29:26,400
Speaker 1: nearly half of a percent, So that's I mean, not

552
00:29:26,480 --> 00:29:29,360
Speaker 1: too much of a retracement considering what happened yesterday. But

553
00:29:29,440 --> 00:29:32,320
Speaker 1: still the fact remains the offer price, original one that

554
00:29:32,360 --> 00:29:35,640
Speaker 1: Elon Musk is going through with is fifty four and

555
00:29:35,640 --> 00:29:39,280
Speaker 1: twenty cents. We are still below that fifty and seventy

556
00:29:39,360 --> 00:29:42,400
Speaker 1: five cents, So you could kind of guess from that

557
00:29:42,600 --> 00:29:45,800
Speaker 1: arbitrage that still exists between the two that there's still

558
00:29:46,120 --> 00:29:49,440
Speaker 1: some lingering skepticism of how this deal will go through.

559
00:29:49,520 --> 00:29:51,960
Speaker 1: Will it go through, even though again Elon Musk now

560
00:29:52,520 --> 00:29:55,080
Speaker 1: saying his people at least that he will indeed by

561
00:29:55,080 --> 00:29:57,520
Speaker 1: the company. It's a great story on the Bloomberg terminal

562
00:29:57,600 --> 00:29:59,680
Speaker 1: this morning about how yesterday was a great day for

563
00:29:59,760 --> 00:30:02,320
Speaker 1: our orbs, all the people who bet on this merger

564
00:30:02,400 --> 00:30:05,000
Speaker 1: going forward after all, And in our last a few

565
00:30:05,040 --> 00:30:06,960
Speaker 1: seconds here, Danny, I have to think that you're gonna

566
00:30:06,960 --> 00:30:09,840
Speaker 1: be keeping an eye on oil related stocks this morning.

567
00:30:09,920 --> 00:30:13,480
Speaker 1: With Opec plus meeting. Yeah, So, I mean the numbers

568
00:30:13,520 --> 00:30:17,720
Speaker 1: have rapidly increased to expectations of how much OPEC is

569
00:30:17,760 --> 00:30:21,120
Speaker 1: going to cut. Will it be? You know, half a million,

570
00:30:21,160 --> 00:30:23,240
Speaker 1: will be one million, will be two million, at least

571
00:30:23,240 --> 00:30:25,200
Speaker 1: that's where we've landed up this moment. If they do

572
00:30:25,200 --> 00:30:28,120
Speaker 1: do a drastic cut, that likely means that oil is

573
00:30:28,120 --> 00:30:30,640
Speaker 1: going to rally pretty substantially, and so a lot of

574
00:30:30,680 --> 00:30:33,520
Speaker 1: the oil majors will rally in sympathy as well. All right.

575
00:30:33,520 --> 00:30:37,800
Speaker 1: Bloomberg Markets correspondent and television anchor Danny Burger with us

576
00:30:37,840 --> 00:30:39,720
Speaker 1: this morning, taking a look at what's happening in the

577
00:30:39,760 --> 00:30:42,840
Speaker 1: pre market. Quick check of nymex crewed this morning as

578
00:30:42,880 --> 00:30:45,920
Speaker 1: OPEC plus meets in Vienna, getting just a bit of

579
00:30:45,960 --> 00:30:47,360
Speaker 1: a bid. Had been a little bit lower, but now

580
00:30:47,360 --> 00:30:49,640
Speaker 1: it's up about a tenth percent at eighty six dollars

581
00:30:49,720 --> 00:30:52,640
Speaker 1: sixty three cents of barrel. As for the broader market,

582
00:30:52,720 --> 00:30:56,280
Speaker 1: as far as equities go, they are moving lower after

583
00:30:56,320 --> 00:30:59,000
Speaker 1: the fourth quarters started with a two day rally, given

584
00:30:59,040 --> 00:31:01,440
Speaker 1: back some this morning, with S and P futures down

585
00:31:01,480 --> 00:31:05,640
Speaker 1: twenty nine points, DAL futures down two and dance deck futures.

586
00:31:06,080 --> 00:31:09,080
Speaker 1: They're moving lower by eighty six points, and the tenure

587
00:31:09,120 --> 00:31:12,240
Speaker 1: Treasury is down fifteen thirty seconds for a yield of

588
00:31:12,360 --> 00:31:15,840
Speaker 1: three point six nine per cent. You're listening to Bloomberg

589
00:31:15,920 --> 00:31:24,520
Speaker 1: day Break Bloomberg eleven three oh. Weather finally going to

590
00:31:24,600 --> 00:31:26,800
Speaker 1: get better soon. We'll get up to near sixty today

591
00:31:26,920 --> 00:31:30,400
Speaker 1: with showers tapering by the evening. Looking for sunshine low

592
00:31:30,520 --> 00:31:33,400
Speaker 1: seventies to round out this week. Right now, fifty four

593
00:31:33,560 --> 00:31:40,280
Speaker 1: in Central Park Markets, headlines and breaking news twenty four

594
00:31:40,320 --> 00:31:43,320
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business

595
00:31:43,400 --> 00:31:47,080
Speaker 1: at and at Bloomberg Quick Tape. He's a Bloomberg Business

596
00:31:47,080 --> 00:31:56,640
Speaker 1: Flash and I'm Karen Moscow. And futures are lower this morning.

597
00:31:56,720 --> 00:31:58,640
Speaker 1: We go to the first Word breaking News, dask for

598
00:31:58,640 --> 00:32:02,440
Speaker 1: today's morning call, and here's Bill Maloney. Bill, good morning, Hey,

599
00:32:02,560 --> 00:32:04,880
Speaker 1: good morning, Karen. That's right you. As futures are under

600
00:32:04,880 --> 00:32:08,560
Speaker 1: pressure after yesterday's surge. Without futures down two two points,

601
00:32:08,640 --> 00:32:11,360
Speaker 1: subs drop twenty eight. Well, the NaSTA futures are off

602
00:32:11,440 --> 00:32:14,560
Speaker 1: by eight five. The US ten year at three point

603
00:32:14,640 --> 00:32:17,560
Speaker 1: seven percent, gold is down sixteen, Oil is in the green,

604
00:32:17,840 --> 00:32:21,080
Speaker 1: and Bigcoin is trading lower by one percent. Hong Kong

605
00:32:21,280 --> 00:32:23,880
Speaker 1: rose five point nine percent overnight, while up of markets

606
00:32:23,920 --> 00:32:26,280
Speaker 1: are also in the red this morning and back in

607
00:32:26,320 --> 00:32:30,160
Speaker 1: the US on the economic front at ADP Employment Change

608
00:32:30,720 --> 00:32:33,440
Speaker 1: Services and Composite p M S and at ten o'clock

609
00:32:33,560 --> 00:32:37,200
Speaker 1: I S M Services Index. In other news city groups,

610
00:32:37,240 --> 00:32:40,840
Speaker 1: Quad Strategists said the US stocks have only just begun

611
00:32:40,960 --> 00:32:43,480
Speaker 1: to price in a recession and people familiar, so that

612
00:32:43,560 --> 00:32:47,800
Speaker 1: Citadel's four hedge funds generated double digit returns this year.

613
00:32:48,240 --> 00:32:50,320
Speaker 1: Rabbing Things Up, Church and White was raised by over

614
00:32:50,360 --> 00:32:54,920
Speaker 1: at Deutsche Bank. Airbnb rated a new outperform well Bred Bernstein.

615
00:32:55,520 --> 00:32:58,200
Speaker 1: Live from the First Breaking News desk on Bill Maloney. Karen,

616
00:32:58,400 --> 00:33:00,240
Speaker 1: all right, Bill, thank you to here live breaking news

617
00:33:00,240 --> 00:33:03,080
Speaker 1: of your Bloomberg type squawk on your terminal scue. You

618
00:33:03,240 --> 00:33:05,640
Speaker 1: a w K and that's a Bloomberg business flash. Now

619
00:33:05,640 --> 00:33:08,000
Speaker 1: here's Michael Barr with Moore on what's going on around

620
00:33:08,000 --> 00:33:10,640
Speaker 1: the world. Michael, Karen, thank you very much. President Joe

621
00:33:10,680 --> 00:33:14,720
Speaker 1: Biden is traveling to Florida today. Biden will pledge that federal, state,

622
00:33:14,760 --> 00:33:18,880
Speaker 1: and local governments the work has one to help rebuild homes, businesses,

623
00:33:18,920 --> 00:33:23,760
Speaker 1: and lives destroyed by Hurricanean. Former President Donald Trump wants

624
00:33:23,760 --> 00:33:26,880
Speaker 1: the U S Supreme courts look into government papers, sees

625
00:33:26,960 --> 00:33:29,680
Speaker 1: at as Mara and Lago home. Trump is asking the

626
00:33:29,760 --> 00:33:32,719
Speaker 1: justices to let a court appoint in special master review

627
00:33:32,800 --> 00:33:37,080
Speaker 1: one hundred documents with classified markings. In baseball, Yankee slugger

628
00:33:37,080 --> 00:33:39,240
Speaker 1: Aaron Judge at his sixty second home run of the

629
00:33:39,280 --> 00:33:42,600
Speaker 1: season to break Roger Maris is a l record. It

630
00:33:42,760 --> 00:33:45,000
Speaker 1: happened in game one as the Yankees split a double

631
00:33:45,040 --> 00:33:48,200
Speaker 1: header with the Rangers. The Mets swept a doubleheader against

632
00:33:48,240 --> 00:33:50,920
Speaker 1: the Nationals, but the Braves still clinched the NL East

633
00:33:50,920 --> 00:33:53,480
Speaker 1: with wind over the Marlins, the Red Sox and A's

634
00:33:53,560 --> 00:33:56,880
Speaker 1: one the Giants lost. Global news twenty four hours a

635
00:33:56,960 --> 00:34:00,360
Speaker 1: day on air and on Bloomberg Quick Take are about

636
00:34:00,400 --> 00:34:03,479
Speaker 1: more than seven hundred journalists and analysts in more than

637
00:34:03,480 --> 00:34:07,920
Speaker 1: a hundred twenty countries. Michael bar this is Bloomberg. Karen Hery, Michael,

638
00:34:07,960 --> 00:34:10,080
Speaker 1: thank you. It is six forty nine on Wall Street

639
00:34:10,080 --> 00:34:12,399
Speaker 1: and we turned to news and science and technology now

640
00:34:12,400 --> 00:34:15,480
Speaker 1: with the Bloomberg and j I t STEM Report. It

641
00:34:15,560 --> 00:34:18,160
Speaker 1: is brought to you by New Jersey Institute of Technology,

642
00:34:18,160 --> 00:34:21,680
Speaker 1: whose n j II unit has joined with pharmaceutical giant

643
00:34:21,760 --> 00:34:25,120
Speaker 1: Murk to establish the Merk Digital Sciences Studio to support

644
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Speaker 1: drunk discovery and development. More at n j I, T DOT,

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Speaker 1: E d U and here's what's making news in science, Technology, engineering,

646
00:34:31,920 --> 00:34:35,120
Speaker 1: and math. Climate change has made Hurricane Ian's most extreme

647
00:34:35,239 --> 00:34:38,000
Speaker 1: rainfall about ten percent worse than it would have been

648
00:34:38,040 --> 00:34:41,480
Speaker 1: without two centuries of greenhouse gas pollution, according to a

649
00:34:41,520 --> 00:34:45,520
Speaker 1: first take analysis by two US climate researchers. The analysis

650
00:34:45,520 --> 00:34:48,719
Speaker 1: shared on Twitter looked only at rainfall and not other

651
00:34:48,840 --> 00:34:52,359
Speaker 1: critical climate metrics related to hurricanes. The full death toll

652
00:34:52,440 --> 00:34:55,359
Speaker 1: will likely not be known for weeks. Damage estimates could

653
00:34:55,400 --> 00:34:59,760
Speaker 1: reach one billion dollars. Taiwan is pledging to work closely

654
00:34:59,800 --> 00:35:02,759
Speaker 1: with U S and other allies as tensions between Washington

655
00:35:02,800 --> 00:35:06,680
Speaker 1: and Beijing row. Taiwan will keep his advanced semiconductor development

656
00:35:06,719 --> 00:35:09,520
Speaker 1: at home while adopting measures to stop its tech from

657
00:35:09,520 --> 00:35:13,440
Speaker 1: being used by the Chinese military. And India's mission to

658
00:35:13,520 --> 00:35:16,760
Speaker 1: Mars finally ran out of fuel after spending eight years

659
00:35:16,800 --> 00:35:19,759
Speaker 1: in the outer world, according to the nation's space agency.

660
00:35:20,160 --> 00:35:23,160
Speaker 1: The orbiter studying the surface and atmosphere was launched in

661
00:35:23,200 --> 00:35:26,840
Speaker 1: tw and was expected to last just six months. And

662
00:35:26,960 --> 00:35:29,800
Speaker 1: that's a bloomberg n j A T STEM report. Nathan

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Speaker 1: Thank you, Karen. We are live from the Bloomberg Interactive

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Speaker 1: Broker Studios where it's six fifty one on Wall Street

665
00:35:35,640 --> 00:35:37,200
Speaker 1: Time now to check what's going on in d C.

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Speaker 1: Some of the top stories in our nation's capital include

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00:35:39,680 --> 00:35:42,839
Speaker 1: President Biden to meet with Florida Governor To Santis during

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00:35:42,880 --> 00:35:46,400
Speaker 1: a trip to that hurricane ravage state, the President taking

669
00:35:46,440 --> 00:35:50,680
Speaker 1: a muted response to North Korea's missile launches, Republicans standing

670
00:35:50,719 --> 00:35:54,720
Speaker 1: by herschel Walker after report the Georgia Senate candidate paid

671
00:35:54,719 --> 00:35:58,000
Speaker 1: for an abortion, and former President Donald Trump taking his

672
00:35:58,120 --> 00:36:01,160
Speaker 1: moral logo records fight to the Supreme Court. Let's get

673
00:36:01,160 --> 00:36:03,240
Speaker 1: more now on some of these stories from Bloomberg Government

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00:36:03,239 --> 00:36:06,839
Speaker 1: reporter Emily Wilkins, Starting, of course, with the President heading

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00:36:06,880 --> 00:36:08,640
Speaker 1: to Florida. This is gonna be a trip to watch

676
00:36:08,640 --> 00:36:12,440
Speaker 1: for more reasons than one. Emily, I mean absolutely, Nathan,

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00:36:12,520 --> 00:36:15,520
Speaker 1: I mean Ron de Santis is considered perhaps one of

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Speaker 1: the leading contenders for the Republican Party, especially if we

679
00:36:20,239 --> 00:36:23,840
Speaker 1: don't see former President Trump run again. But at this

680
00:36:23,920 --> 00:36:26,800
Speaker 1: point he and Biden are really trying to put aside

681
00:36:26,880 --> 00:36:30,920
Speaker 1: any sort of potential showdown or frustrations and just really

682
00:36:30,920 --> 00:36:33,719
Speaker 1: focus on addressing the folks in Florida who are hit

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00:36:33,760 --> 00:36:37,120
Speaker 1: by Hurricane Ian, and remember Ian too. This is coming

684
00:36:37,160 --> 00:36:40,640
Speaker 1: just a couple of weeks after Ronda Santis had a

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00:36:40,680 --> 00:36:45,160
Speaker 1: couple of playfuls of migrants sent to Martha's Vineyard, causing

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00:36:45,320 --> 00:36:47,440
Speaker 1: you know, a lot of confusion, there a lot of

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00:36:47,520 --> 00:36:50,319
Speaker 1: questions about what services they needed, how to better take

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00:36:50,360 --> 00:36:52,880
Speaker 1: care of them. For de Santis, it was meant, of course,

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00:36:52,920 --> 00:36:56,360
Speaker 1: as a political point about the situation at the southern border,

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00:36:57,080 --> 00:37:00,279
Speaker 1: but the Biden administration has really criticized that move, saying

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00:37:00,320 --> 00:37:03,480
Speaker 1: that they were playing politics with people. At the same point,

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00:37:03,680 --> 00:37:06,440
Speaker 1: they said that for now they are putting all of

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00:37:06,480 --> 00:37:11,479
Speaker 1: that aside. White House Press Secretary Karine Jean Pierre said

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00:37:11,520 --> 00:37:14,200
Speaker 1: that there would be talk with homeowners and small business

695
00:37:14,239 --> 00:37:17,080
Speaker 1: owners that they weren't going to be asking about that

696
00:37:17,120 --> 00:37:20,320
Speaker 1: whole incident with the migrants being flowed up to Martha's Vineyard,

697
00:37:20,640 --> 00:37:23,879
Speaker 1: and that overall they're just really trying to focus right

698
00:37:23,920 --> 00:37:27,360
Speaker 1: now on making sure that the aid that is needed

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00:37:27,480 --> 00:37:30,840
Speaker 1: after Hurricane Ian is met. A much as they both

700
00:37:30,920 --> 00:37:33,719
Speaker 1: might be saying they're putting politics aside, you have to

701
00:37:33,800 --> 00:37:36,960
Speaker 1: think that politics are at play here. Emily, with a

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00:37:37,160 --> 00:37:40,560
Speaker 1: midterm election less than five weeks away now, and Governor

703
00:37:40,600 --> 00:37:43,239
Speaker 1: de Santis right in the middle of a re election fight.

704
00:37:44,640 --> 00:37:47,120
Speaker 1: That's true, I mean to a certain extent, though the

705
00:37:47,160 --> 00:37:51,200
Speaker 1: politics kind of benefit what they're doing right now. Politicians

706
00:37:51,239 --> 00:37:55,080
Speaker 1: are very gudgly harshed on are are judged a lot

707
00:37:55,160 --> 00:37:58,640
Speaker 1: on how they respond to hurricanes. You've seen careers be

708
00:37:59,200 --> 00:38:02,600
Speaker 1: made or broke in Uh, You've seen particular moments really

709
00:38:02,640 --> 00:38:06,200
Speaker 1: stand out. Think about Chris Christie's embrace of them President

710
00:38:06,239 --> 00:38:09,799
Speaker 1: Barack Obama when dealing with the hurricane that hit New

711
00:38:09,880 --> 00:38:13,080
Speaker 1: Jersey in twelve and so this is certainly a moment

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00:38:13,080 --> 00:38:16,000
Speaker 1: where a big spotlight is on Biden and to Santis,

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00:38:16,040 --> 00:38:18,800
Speaker 1: and both of them know that right now it's really

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00:38:18,840 --> 00:38:21,920
Speaker 1: important for them not to be seen as playing politics,

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00:38:21,960 --> 00:38:24,879
Speaker 1: to be seen as addressing this uh in a very

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00:38:24,960 --> 00:38:28,120
Speaker 1: serious way. Uh. The hope for I think both men

717
00:38:28,280 --> 00:38:31,200
Speaker 1: is that that ultimately wins them points with the larger

718
00:38:31,200 --> 00:38:34,120
Speaker 1: American people, and you know, could be a benefit to

719
00:38:34,120 --> 00:38:37,200
Speaker 1: any potential future presidential run. All right, let's turn to

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00:38:37,280 --> 00:38:40,319
Speaker 1: geopolitics now, because the president has to focus on that

721
00:38:40,440 --> 00:38:44,000
Speaker 1: as well, particularly with North Korea firing all these missiles

722
00:38:44,000 --> 00:38:46,160
Speaker 1: over the last few days. And he's taking a much

723
00:38:46,280 --> 00:38:50,880
Speaker 1: different approach to this than his predecessor, to be sure. Yeah,

724
00:38:50,920 --> 00:38:53,040
Speaker 1: so the launches, it's the first time North Korea has

725
00:38:53,040 --> 00:38:55,960
Speaker 1: fired a missile over Japan in five years, and Biden

726
00:38:56,040 --> 00:38:59,440
Speaker 1: responded by pledging to work more closely with Japan and

727
00:38:59,520 --> 00:39:03,799
Speaker 1: South Korea. But he really hasn't promised much more than that,

728
00:39:03,920 --> 00:39:06,120
Speaker 1: and that really is a difference from what we saw

729
00:39:06,880 --> 00:39:10,520
Speaker 1: with the former president with Trump uh And at this point,

730
00:39:10,600 --> 00:39:15,960
Speaker 1: a lot of it speaks to Biden's larger international focuses.

731
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Speaker 1: He's very focused on Ukraine, of course, he's very focused

732
00:39:19,480 --> 00:39:22,680
Speaker 1: on Beijing in China and the relationship there, And this

733
00:39:22,760 --> 00:39:24,560
Speaker 1: is one of the features that we've seen from the

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00:39:24,600 --> 00:39:28,680
Speaker 1: Biden presidency. Unlike Trump, you know, tried to meet with

735
00:39:28,760 --> 00:39:31,759
Speaker 1: Kim Jong un, who exchanged letters with him, who had

736
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Speaker 1: sort of a whole thing, Biden has really sort of

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00:39:36,120 --> 00:39:40,160
Speaker 1: not paid much attention to North Korea. Um. Certainly he's

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Speaker 1: had to sort of manage the threat that they pose

739
00:39:43,520 --> 00:39:46,319
Speaker 1: with their nuclear weapons, but at the same point, he's

740
00:39:46,400 --> 00:39:49,680
Speaker 1: really trying to keep the narrative on Ukraine and on

741
00:39:49,800 --> 00:39:54,160
Speaker 1: Beijing rather than focus on North Korea and abortion rights

742
00:39:54,200 --> 00:39:56,719
Speaker 1: of course, has become more of a focus as well,

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00:39:56,760 --> 00:39:59,640
Speaker 1: particularly this week with the President putting out an announcement

744
00:39:59,719 --> 00:40:02,960
Speaker 1: yes to day and now this flap around Georgia Senate

745
00:40:02,960 --> 00:40:06,759
Speaker 1: candidate herschel Walker. Yeah, so we are going to be

746
00:40:06,800 --> 00:40:11,799
Speaker 1: expecting to see President Biden uh putting out guidance for

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00:40:12,120 --> 00:40:17,160
Speaker 1: universities to increase protections for students who decided to have abortions.

748
00:40:17,480 --> 00:40:19,920
Speaker 1: And it comes at this time with the Republican Party.

749
00:40:20,719 --> 00:40:25,120
Speaker 1: Of course, there's there's a strong anti abortion sentiment there. Uh,

750
00:40:25,120 --> 00:40:27,560
Speaker 1: it varies a little bit among candidates. But now you

751
00:40:27,760 --> 00:40:30,880
Speaker 1: have the news that a leading Republican candidate in the

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00:40:31,000 --> 00:40:34,799
Speaker 1: Georgia's Senate race, herschel Walker, that he paid for an

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00:40:34,800 --> 00:40:37,880
Speaker 1: abortion for a girlfriend about thirteen years ago. This was

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00:40:37,880 --> 00:40:40,800
Speaker 1: reported by the Daily Beast. Um they had receipts of

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00:40:40,840 --> 00:40:42,960
Speaker 1: a check that he signed to get well card that

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00:40:43,040 --> 00:40:46,960
Speaker 1: he sent to this woman. And at this point herschel

757
00:40:47,120 --> 00:40:50,840
Speaker 1: as mirschel Walker, has denied any of these allegations. He

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00:40:50,880 --> 00:40:53,279
Speaker 1: says that they're not true, that he plans to sue

759
00:40:53,280 --> 00:40:56,200
Speaker 1: the Daily Beast over it, and you've seen Republicans really

760
00:40:56,320 --> 00:40:59,160
Speaker 1: rally around him. I mean as far as uh, no

761
00:40:59,160 --> 00:41:01,600
Speaker 1: one's been calling him out of Republicans have said that

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00:41:01,600 --> 00:41:03,880
Speaker 1: they believe him, that they still support him. He is

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00:41:03,880 --> 00:41:06,200
Speaker 1: still very much the nominee. And what's going to be

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00:41:06,320 --> 00:41:09,200
Speaker 1: a race that really defines who gets to control the

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00:41:09,239 --> 00:41:11,959
Speaker 1: Senate next year. Georgia is absolutely one of the ones

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00:41:12,040 --> 00:41:15,360
Speaker 1: to watch. And so for these types of allegations, serious

767
00:41:15,440 --> 00:41:18,560
Speaker 1: backs up allegations to come out against their candidate and

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00:41:18,600 --> 00:41:22,160
Speaker 1: for Republicans not to blink an eye. Um, it's certainly

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00:41:22,400 --> 00:41:25,040
Speaker 1: notable as far as sort of how the party is

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00:41:25,280 --> 00:41:27,960
Speaker 1: thinking about abortion and thinking about what they need to

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00:41:28,040 --> 00:41:30,960
Speaker 1: do to win in the mid terms. Also notable in

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Speaker 1: our last minute here Emily, the mar Lago fight now

773
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Speaker 1: going to the Supreme Court. Yeah, Trump is uh looking

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00:41:39,080 --> 00:41:41,839
Speaker 1: to the Supreme Court to intervene in a fight over

775
00:41:41,880 --> 00:41:45,560
Speaker 1: governor papers sees that is Mara Lago home. Uh. He

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00:41:45,600 --> 00:41:49,080
Speaker 1: wants the justices to let that court appointed special master,

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00:41:49,239 --> 00:41:53,719
Speaker 1: that third party review a hundred documents with classified markings.

778
00:41:53,760 --> 00:41:56,680
Speaker 1: And Nathan, this really escalates what we've already been seen

779
00:41:56,800 --> 00:42:00,120
Speaker 1: so far. Trump initially pushing for this special mass there

780
00:42:00,200 --> 00:42:03,000
Speaker 1: to review the documents, and now he's pushing for them

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00:42:03,000 --> 00:42:06,239
Speaker 1: to really review these classified documents. And there are lots

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00:42:06,239 --> 00:42:09,640
Speaker 1: of questions around why, you know, why these documents would

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00:42:09,640 --> 00:42:11,760
Speaker 1: need to be reviewed by a third party. Of course,

784
00:42:12,040 --> 00:42:14,200
Speaker 1: at the center of all of this is a potential

785
00:42:14,320 --> 00:42:17,480
Speaker 1: national security risk that those documents could pose, and a

786
00:42:17,560 --> 00:42:21,000
Speaker 1: lot of questions about what is in those documents. Uh.

787
00:42:21,040 --> 00:42:23,560
Speaker 1: It's also a bit of a delay tactic. The longer

788
00:42:23,719 --> 00:42:27,360
Speaker 1: Trump spends UH in the courts arguing about which documents

789
00:42:27,360 --> 00:42:30,520
Speaker 1: you should have, which documents should be reviewed, the more

790
00:42:30,719 --> 00:42:34,200
Speaker 1: you've got the delay for the Justice Department and their

791
00:42:34,239 --> 00:42:37,800
Speaker 1: investigations in your Trump. Thanks Emily. As always, Bloomberg Government

792
00:42:37,800 --> 00:42:42,120
Speaker 1: reporter Emily Wilkins with us this morning. Bloomberg Surveillance is

793
00:42:42,280 --> 00:42:46,200
Speaker 1: next on Bloomberg Radio for Karen Moscow. I'm Nathan Hagar,

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00:42:46,320 --> 00:42:48,360
Speaker 1: and this is Bloomberg