Speaker 1: Life from the Bloomberg in director Berger Studios. This is
Speaker 1: Bloomberg day Break for Wednesday, October two. Coming up the shower,
Speaker 1: Elon must agrees to buy Twitter. It provides a glimpse
Speaker 1: of his plans for the social media network. Liz Truss
Speaker 1: addresses her party as the Prime Minister works to get
Speaker 1: her economic agenda back on track and the Fed won't
Speaker 1: let up official signal no plans to slow interest rate heights.
Speaker 1: New York City authorities and the d e A announced
Speaker 1: a big bust of rainbow fentamil plus. President Biden heads
Speaker 1: to Florida today to look at Hurricane A inststruction. I'm
Speaker 1: Michael blar more An, I'm John Stashower and sports baseball history.
Speaker 1: Aeron Judge, in his record breaking sixty second over on
Speaker 1: the Atlanta Braves, clints the l E that's all's trading
Speaker 1: head on Bloomberg day Break on Bloomberg eleven three on
Speaker 1: New York, Bloomberg one, Washington d C, Bloomberg one oh
Speaker 1: six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x
Speaker 1: M one nineteen and around the world Old on Bloomberg
Speaker 1: Radio dot Com and via the Bloomberg Business App. Good morning,
Speaker 1: I'm Kared Moscow. I'm Nathan Haygar. Bloomberg Daybreak is brought
Speaker 1: to you by s E. I imagine your asset management
Speaker 1: firms operational infrastructure as a competitive advantage. Let se I
Speaker 1: show you how at se I C dot Com, slash,
Speaker 1: I m S and us sucket Next futures are lower
Speaker 1: this morning six oh one on Wall Street. We check
Speaker 1: the markets every fifteen minutes throughout the trading day. On
Speaker 1: Bloomberg s and P futures down thirty six points down,
Speaker 1: Future is down two and NASDACK futures down one hundred ten.
Speaker 1: The ten year treasury down seventeen thirty seconds. He had
Speaker 1: three point seven zero percent, and they yield on the
Speaker 1: two year four point one two percent. Nathan Karen, We'll
Speaker 1: get back to markets in a moment, but we begin
Speaker 1: with Elon Musk reviving his bid to buy Twitter. He
Speaker 1: will make the acquisition at the original price of fifty
Speaker 1: four dollars twenty cents is share. Now, attention turns to
Speaker 1: the path ahead for Musk and Twitter. Ross Gerber with
Speaker 1: Gerber Kawasaki says the world's richest man could be in
Speaker 1: for a bumpy ride. He's paying the highest price possible.
Speaker 1: He's trying to get dead at the worst time possible.
Speaker 1: He's basically being forced to buy this company. It's not
Speaker 1: like he changed the heart. I think his lawyers just
Speaker 1: told him he was gonna lose. This is a mess.
Speaker 1: Ross Gerber with Gerber Kalasaki says Musk is acquiring the
Speaker 1: company with employee morale at an all time low. Twitter
Speaker 1: shares close higher yesterday, and Tesla shares rose on the
Speaker 1: news as well. They climbed nearly three percent this morning,
Speaker 1: though Tesla is down about one and a quarter percent.
Speaker 1: Attorney to the broader markets now, nathan Us futures are
Speaker 1: lower following two days of gains. Optimism for a so
Speaker 1: called FED pivot maybe waning. Phil Palumbo, CEO with Palumbo
Speaker 1: Wealth Management, says this week's gains are likely a bear
Speaker 1: market rally to reduce some of the wrist wood ball.
Speaker 1: We've been investing in cash right now, and we're taking
Speaker 1: advantage of all too. As we're in this bear market
Speaker 1: and as we believe things will get worse. Will put
Speaker 1: those Moneys to work in good quality businesses as long
Speaker 1: term investors. NFL Palumbo with Palumbo Wealth Management says he
Speaker 1: expects inflation to fall from here, but he also predicts
Speaker 1: the volatility will continue well. This morning's dropping futures Karen
Speaker 1: follows hawk is rhetoric from more central bank officials. FED
Speaker 1: Governor Philip Jefferson says reducing inflation will likely require a
Speaker 1: period of weak growth to ease demand. Also speaking yesterday,
Speaker 1: San Francisco Fed President Mary Daily, she calls inflation a
Speaker 1: corrosive disease. Right now. The pain that I hear every day,
Speaker 1: the suffering that people tell me they're going through, is
Speaker 1: on the inflation side. And this is true of low
Speaker 1: and moderate income people, not just people who are worried
Speaker 1: that inflation expectations will draft. They're worried about their day
Speaker 1: to day living. And stay tuned for more from San
Speaker 1: Francisco Fed President Mary Daily later this morning. We'll sit
Speaker 1: down with her for an interview live on Bloomberg Radio
Speaker 1: and Television at ten fifteen Wall Street Time. Well overnight
Speaker 1: saw stocks and Asia rally for a second straight day.
Speaker 1: Nathan traders are betting that the global monetary policy tightening
Speaker 1: cycle will soon ease, and Bloomberg's Juliette Sally joins us
Speaker 1: from Singapore with the latest Good Morning, Juliet, Good Morning Parent.
Speaker 1: The regional Benchmark Index climbed as much as one point
Speaker 1: eight percent, led by a surgeon, consumer discustionary and tech
Speaker 1: stocks like t SMC and Ali Barber, and that brought
Speaker 1: the measures two day rally to more than a four percent,
Speaker 1: the best two day games since March. Stocks in Hong
Speaker 1: Kong the region's best performers, the Benchmark Hang Sang Index
Speaker 1: jumping more than five Percenters trading resumed following a holiday,
Speaker 1: and the Kiwi In New Zealand, bonds rallied as the
Speaker 1: ABENZ followed up with yet another fifty basis point hike,
Speaker 1: the fifth in a row in Singapore. Juliette Sally Bloomberg Daybreak, Juliet, Thanks,
Speaker 1: Let's turn to Europe now, where it's all about UK politics.
Speaker 1: Prime Minister Liz Trust is delivering a speech at the
Speaker 1: annual Tory Conference in Birmingham aimed at reviving her beleaguered premiership.
Speaker 1: Bloomberg's James Willcock is there and joins us with the
Speaker 1: very latest Good Morning, James, Good Morning, Karen and Nathan.
Speaker 1: Liz Trust's honeymoon is over now after humiliating U turn
Speaker 1: and market chaos. She needs to prove to the Conservative
Speaker 1: party that elected her only a month ago that she
Speaker 1: can actually lead the government. She acknowledge that's struggled in
Speaker 1: her speech, saying wherever there is change, there is disruption.
Speaker 1: But even ahead of that speech, divisions in her party
Speaker 1: are coming to light. Even members of the Prime Minister's
Speaker 1: top team are in open disagreement over what to do next.
Speaker 1: In Birmingham, I'm James Wilcock, Bloomberg Daybreak. All right, James,
Speaker 1: thank you to politics here in the US now, where
Speaker 1: Donald Trump is back in focus. The former president is
Speaker 1: asking the Supreme Court to let a court appointed special
Speaker 1: master review classified documents sees from his Mara Lago home.
Speaker 1: To move escalates the Justice Department's investigation into whether Trump
Speaker 1: or his aids illegally took sensitive government records when he
Speaker 1: left office and obstructed repeated efforts to recover them. In
Speaker 1: New York, here and we got word. Micron Technology plans
Speaker 1: to invest as much as a hundred billion dollars over
Speaker 1: the next twenty years to build a factory in the state.
Speaker 1: It's the latest bid to boost US production of memory chips.
Speaker 1: Governor Kathy HOCl says it will create about fifty tho
Speaker 1: jobs in New York State. We believe that this is
Speaker 1: going to be a catalyst not just for this company
Speaker 1: and jobs to come here, but also the supply chain companies.
Speaker 1: It will say, you know, I don't want to manufacture overseas.
Speaker 1: There's so many disruptions. New York Governor Kathy HOCl spoke
Speaker 1: with David Ston on Bloomberg's Balance of Power. Catch the
Speaker 1: program weekdays at noon on Bloomberg Radio and television. Well
Speaker 1: turning to corporate news now, Nathan Amazon is pausing hiring
Speaker 1: for corporate positions and its retail business. It's the latest
Speaker 1: sign that Amazon is adjusting its workforce to slowing online sales.
Speaker 1: Sources say the company will pause recruitment until the end
Speaker 1: of the year. The priest does not apply to its
Speaker 1: warehouse network, where most of its employees work and Karen's
Speaker 1: E cigarette manufacturer Jewel has begun talks for funding for
Speaker 1: potential Chapter eleven bankruptcy. That's according to people with knowledge
Speaker 1: of the preparations. They say it's not final. Plans could change.
Speaker 1: A Jewel spokesman says the company is still considering other
Speaker 1: avenues and right now SMP futures are down thirty three points.
Speaker 1: Staff futures are lower by two hundred seventy three. NASTACK
Speaker 1: futures onto decline by one one points. The tenure treasury
Speaker 1: is down fifteen thirty seconds. You'll three point six nine percent.
Speaker 1: You'ld on the two year four point one two. Nimex
Speaker 1: cruds down to tenth per cent or eleven cents at
Speaker 1: eighty six dollars forty one cents a barrel. Coomas gold
Speaker 1: is low were by eight tenths percent at seventeen sixteen
Speaker 1: sixty announced. The euro point nine against the dollar, the
Speaker 1: pound one point one three one. The yen is at
Speaker 1: one point four nine Bitcoin trading around twenty thousand one dollars.
Speaker 1: Straight ahead your latest local headlines and a check of sports.
Speaker 1: This is Bloomberg and it's now six oh seven on
Speaker 1: Wall Street, fifty six degrees of brain in Central Park,
Speaker 1: still dealing with big problems Route eighty getting through Patterson.
Speaker 1: This morning, Michael Barr has more on what's going on
Speaker 1: in New York and around the world. Good morning, Might call,
Speaker 1: Good morning Nathan. The New York Division of the Drug
Speaker 1: Enforcement Administration and local law enforcement say they've made a
Speaker 1: significant seizure of Rainbow fentonil in Manhattan. The seizure of
Speaker 1: nearly fifteen thousand pills happened on September twenty eight, when
Speaker 1: a vehicle under surveillance by the d e A was
Speaker 1: stock outside the Lincoln Tunnel. Bridget Brennan is New York
Speaker 1: City Special Narcotics Prosecutor. They approached there and found Letitia
Speaker 1: Bush in the rear seat with two black tote bags
Speaker 1: and a yellow Lego container. Right there inside the Lego
Speaker 1: container were several brick shaped packages covered in black tape
Speaker 1: line next to lego blocks. Prosecutor Brennan says, Bush was
Speaker 1: arrested d e A Special Agent in charge, Frank Tarantino,
Speaker 1: this is deliberate, This is calculated. This is treacherous deception
Speaker 1: to market Rainbow fenanel like candy. Frank Tarantino with the
Speaker 1: d e A says, with Halloween approaching, these newly packaged
Speaker 1: poisons our parents worst nightmare. Mourners will say their final
Speaker 1: goodbyes to an f d N y E M S Lieutenant.
Speaker 1: Funeral services take place today for Alice and Russo Elling
Speaker 1: and Brookville. She was fatally stabbed last week in an
Speaker 1: unprovoked attack. The f d n Y says Russo Elling,
Speaker 1: who was sixty one, will be posthumously promoted to captain today.
Speaker 1: President Biden will had to Florida today to meet with
Speaker 1: Governor Ron Descantis. Days after hurricaney and pounded Florida Southwest,
Speaker 1: crews are still conducting door to door searches for survivors.
Speaker 1: Fort Myers Beach Mayor Ray Murphy nobody was spared this storm.
Speaker 1: Every structure on the island was a second. Mayor Murphy
Speaker 1: says the city will rebuild. President Joe Biden will be
Speaker 1: in New York State tomorrow. The President heads to a
Speaker 1: jobs event hosted by IBM and a pair of fundraisers
Speaker 1: ahead of the November midterm elections. A White House officials
Speaker 1: says the trip will include a visit to the IBM
Speaker 1: campus in Poughkeepsie. Biden is later expected to travel to
Speaker 1: New Jersey for a fundraiser hosted by the Democratic National Committee.
Speaker 1: Gas prices can rise again on expectations of a large
Speaker 1: cut and crew to oil production from the OPEC arctel.
Speaker 1: It meets today Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake powered by more than
Speaker 1: seven hundred journalists and analysts and more than a hundred
Speaker 1: twenty country He's I'm Michael bar This is Bloomberg, Nathan.
Speaker 1: Thank you, Michael. Coming up to six ten on Wall
Speaker 1: Street time for the Bloomberg Sports Update. Aaron Judges in
Speaker 1: the record books, John Stash, Are you know, Nathan? They've
Speaker 1: been playing baseball in the American League for a hundred
Speaker 1: and twenty years. The three most home runs hit a
Speaker 1: single season all by Yankee outfielder's the sixty hit by
Speaker 1: Babe Ruth, seven sixty one hit by Rodgermaris nineteen sixty
Speaker 1: one and now sixty one years after that move over Rogermars.
Speaker 1: Aaron Judge let off the second game of a double
Speaker 1: header and texts the one one swing on there it
Speaker 1: goes tap blood that is hot. Hut us far hut
Speaker 1: us come number sixty two to set the new American
Speaker 1: League records. Aaron Judge hits his sixty second all the
Speaker 1: Yankees out of the dugout to greenhand f Ana had
Speaker 1: the call. It came off the Rangers. Hey SEUs Tonoko
Speaker 1: is third pitch of the game, a slider that Judge
Speaker 1: hit to the left field stands. It was caught there
Speaker 1: by guys, apparently a wealthy banker, and so far anyway,
Speaker 1: holding onto the ball judges season has been amazing, twenty
Speaker 1: three more home runs than anyone else in the league,
Speaker 1: only forty four fewer home runs in the entire Detroit Tigers.
Speaker 1: And oh, by the way, he's gonna be a free
Speaker 1: agent after the season. The Yankees split the double header.
Speaker 1: They learned their opponent in the division series will be
Speaker 1: the winner of the Wild Cards series between Cleveland and
Speaker 1: Tampa Bay. The Mets learned their opponent in their wild
Speaker 1: Card series this weekend in City Field will be the
Speaker 1: San Diego Padres. Met swept the double header from Washington,
Speaker 1: but Atlanta clints the NL East with a win in
Speaker 1: Miami preseason NBA and next meet the Pistons of the Guard.
Speaker 1: The Islanders have locked up Matthew Barzel new eight year,
Speaker 1: seventy three million dollar contract, John Stashy Howard Bloomberg Sports,
Speaker 1: Nathan Okay, John, thank you, s ANDP Futures down thirty
Speaker 1: four points down. Futures down tune to eighty six. Dance
Speaker 1: dex futures are lower by a hundred four points. The
Speaker 1: British pounded one point one three eight three against the dollar.
Speaker 1: As UK Prime Minister Liz Trust begins to speak to
Speaker 1: her concern Servative conference. We check in live next in
Speaker 1: Birmingham with Bloomberg's James Woolcock Bloomberg eleventh three oh weather.
Speaker 1: This rain will taper off, the afternoon showers to clear out.
Speaker 1: By this evening we'll get up to around sixty degrees
Speaker 1: clearing milder tomorrow, low seventies, sunny, low seventies for Friday
Speaker 1: right now fifties six in Central Park. Markets, headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business at and at Bloomberg Quicktake. This is
Speaker 1: a Bloomberg Business Flash, and I'm Karen Moscow. US stock
Speaker 1: index futures and European shares are falling as investors scaled
Speaker 1: down their optimism for less hankish central banks and seek
Speaker 1: more evidence that inflation is moderating. We check the markets
Speaker 1: every fifteen minutes so out the trading day on Bloomberg
Speaker 1: Guess and P futures down thirty seven points down, Future
Speaker 1: is down three hundred three and nasdack futures down one
Speaker 1: hundred seven. The decks in Germany's down nine tenths of
Speaker 1: upper sent the tenure Treasury down seventeen thirty seconds three
Speaker 1: point seven zero percent. They yield on the two year
Speaker 1: four point one two percent. Nimex screwed oil is down
Speaker 1: four tenths per cent to thirty seven cents at eight
Speaker 1: six dollars fifteen cents of Barrow Comex gold is down
Speaker 1: one point one percent or eighteen dollars twenty cents at
Speaker 1: seventeen twelve thirty announced hero po five against the dollar,
Speaker 1: British found one point one three seven seven and began
Speaker 1: one forty four point four seven, and Bitcoin is down
Speaker 1: one point one percent at twenty thousand, one hundred dollars. Today,
Speaker 1: we are watching for our report on private pay rolls
Speaker 1: at any fifteen Wall Street time at eight thirty. Is
Speaker 1: a trade balance, then a tend to look at service industries.
Speaker 1: That's a Bloomberg business flash. Now here's Muchael Barr with
Speaker 1: more on what's going on around the world. Michael Darren,
Speaker 1: thank you very much. Recovery efforts continue in Florida made
Speaker 1: the devastation left by hurricane and President Biden plans to
Speaker 1: visit the state today. United Airlines is said to be
Speaker 1: restarting Hong Kong flights as soon as January. It's one
Speaker 1: of a hand full of major airlines to resume passenger
Speaker 1: flights to the city, which has largely been cut off
Speaker 1: to the outside world since the start of the pandemic.
Speaker 1: In baseball, Yankee slugger Aaron Judge hit his sixty second
Speaker 1: home run of the season to break Roger Maris his
Speaker 1: American League record, and happened in Game one as the
Speaker 1: Yankees split a double header with the Rangers. The Mets
Speaker 1: swept the double header against the Nationals, but the Brave
Speaker 1: still clinched the NNL East with a wind over the Marlins,
Speaker 1: the Red Sox and A's one the Giants lost. Global
Speaker 1: news twenty four hours a day on here and on
Speaker 1: Bloomberg Quick Take, powered by more than journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan.
Speaker 1: Thanks Michael. It is six nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak.
Speaker 1: We want to turn out of the political drama in
Speaker 1: the UK. Prime Minister Liz trust is addressing her fellow
Speaker 1: conservatives right now at their party conference, trying to get
Speaker 1: her economic agenda and her premiership back on track. She
Speaker 1: just began speaking moments ago. Let's listen into part of
Speaker 1: what she's had to say. We got a at a
Speaker 1: vital time for the United Kingdom. These are stormy days. Together.
Speaker 1: We've mourned the death of Queen Elizabeth the Second, the
Speaker 1: rock on which modern Britain was built. We're now in
Speaker 1: a new era under King Charles the Third. We're dealing
Speaker 1: with the global economic crisis caused by COVID and by
Speaker 1: Putin's appalling war in Ukraine. In these tough times, we
Speaker 1: need to step up. I'm determined to get Britain moving,
Speaker 1: to get us through the tempest and to put us
Speaker 1: on a stronger footing as a nation. I'm driven in
Speaker 1: this mission by my firm belief in the British people.
Speaker 1: I believe that you know best how to spend your
Speaker 1: own money to get on in life and to realize
Speaker 1: your ambitions. The UK Prime Minister Liz Trust as she
Speaker 1: continues speaking this morning at the Wary conference in Birmingham.
Speaker 1: Let's check in live with Bloomberg's James Wilcock, who has
Speaker 1: been covering this event. For the last several days here,
Speaker 1: and it has been a tumultuous a few days. Of course, James,
Speaker 1: what else is standing out from this speech for you,
Speaker 1: I mean, Nathan. Just as I'm watching this now, protesters
Speaker 1: have stormed the stage to just a minute ago, two
Speaker 1: process has tried to unveil a Greenpeace banner for climate change.
Speaker 1: Activists have had to be dragged out, and this just
Speaker 1: sort of responded to it by saying, I'm gonna be
Speaker 1: talking about the anti growth coal issue that people who
Speaker 1: are holding us back and later on this speech, but
Speaker 1: they seem to proviriving a little early, so she handled
Speaker 1: that quite well. But she is now trying, Nathan, to
Speaker 1: reset her agenda. She's talking a bit about her history,
Speaker 1: how she comes to politics and why she cares so
Speaker 1: much about growth and what has led to her making
Speaker 1: these choices that she has made, and also you turned
Speaker 1: on earlier this week. It's been an incredible few weeks
Speaker 1: for her, having to have seventy years of the Queen's
Speaker 1: rule and deal with that funeral only a week into
Speaker 1: the job, and now a month into the job, she's
Speaker 1: having to say about her entire policy agenda in spite
Speaker 1: of the market chaos the UK has been facing. It's
Speaker 1: a very difficult ask for a very new prime minister. Yeah,
Speaker 1: and it's been a very difficult time for obviously when
Speaker 1: she's had to reneg on some of this economic agenda
Speaker 1: that she's put forward, particularly on the text cuts for
Speaker 1: the wealthy. Is there a sense that she's going to
Speaker 1: firm up around an economic agenda, the sort of adjust
Speaker 1: to the reality of the political head whence she's facing
Speaker 1: from within her own party. Well, the difficulty is is
Speaker 1: that the Chancellor has said that he isn't able to
Speaker 1: unveil his economic plan for how he's going to pay
Speaker 1: for all this sort of fiscal stimulus until November twenty
Speaker 1: three in the speech. What we're effectively watching for is
Speaker 1: how she performs. Can she bring the party back on side,
Speaker 1: because one of the big danger in the UK's list
Speaker 1: trusts support within her own party is so fractious. Is
Speaker 1: what this sort of conference has unveiled that when they
Speaker 1: go back to Westminster next week there are real questions
Speaker 1: swirling about if she could actually pass any of her
Speaker 1: measures into legislation or will there be a lame duck administration. Yeah,
Speaker 1: I know you've been speaking to conservative members throughout. I
Speaker 1: guess what Conservative members who have shown up to this
Speaker 1: conference so far, what have they been telling you about
Speaker 1: whether they do support the agenda from lost Trust going forward. Well,
Speaker 1: in terms of the rank and file, it's fascinating the
Speaker 1: ones who are free to talk to journalists. The staff
Speaker 1: as who work for MPs is always an interesting indicator.
Speaker 1: I have had more than than I can count on
Speaker 1: one hand tell me they are looking for jobs outside
Speaker 1: of politics because they don't expect to win the next election,
Speaker 1: So that's always an interesting indicator. They aren't optimistic at all.
Speaker 1: And like you've mentioned, the MPs, the members of part
Speaker 1: of the lawmakers who are part of the party, So
Speaker 1: many of them haven't shown up and a lot of
Speaker 1: them have gone home yesterday because today in the UK
Speaker 1: there are rail strikes plans specifically to try and hamstring
Speaker 1: attendance this events, which just goes to show the scale
Speaker 1: of unrest the UK is facing. This Trust has such
Speaker 1: an uphill battle and in this speech we will be
Speaker 1: judging to see if she can reset the agenda and
Speaker 1: bring back they in time to be back to Western's
Speaker 1: the next week. I try and pushed through this big
Speaker 1: agenda rail strikes, rancor within the party and green Peace protesters.
Speaker 1: It just sort of encapsulates the atmosphere in the UK
Speaker 1: right now. As you mentioned, an uphill climb might be
Speaker 1: understating things for Liz Trust. Thanks for this, James, great
Speaker 1: work covering the Tory conference throughout these last few days.
Speaker 1: Here James Wilcox joining us this morning from the Conservative
Speaker 1: Party conference in Birmingham, England, where Prime Minister Liz Trust
Speaker 1: is continuing her address. You can watch it on the
Speaker 1: Bloomberg terminal at live Go. We also have a blog
Speaker 1: running with our top Live team t l I v
Speaker 1: go UH to get more on what the Prime ministers
Speaker 1: had to say, an instant analysis of her comments as
Speaker 1: they happen. Looking ahead to the market open here on
Speaker 1: Wall Street, futures are moving lower. SMP futures are down
Speaker 1: thirty four points down, futures down two to eighty three,
Speaker 1: NASTAC futures lower by nineties six points. British pound one
Speaker 1: point one three eight three against the dollars, so weakening
Speaker 1: on the cable rate. You're listening to Bloomberg day Break
Speaker 1: Bloomberg eleven three oh weather rain will taper off and
Speaker 1: should be done by this evening, we'll get up to
Speaker 1: your sixty degrees clearing low seventies Tomorrow sunshine low seventies
Speaker 1: continue for Friday. Right now fifty six in Central Park,
Speaker 1: broadcasting live from the Bloomberg Interactive Broker Studio in New York.
Speaker 1: Bloomberg E Living Free to Washington, d C. Bloomberg nine
Speaker 1: one to Boston, Bloomberg What all six one does? San Francisco,
Speaker 1: Bloomberg nine sixteen to the country Sirius XM chto one
Speaker 1: nine ten, and around the globe the Bloomberg Business app
Speaker 1: and Bloomberg Radio dot com. This is Bloomberg Daybreak, six
Speaker 1: thirty on Wall Street. Good morning, I'm Nathan Hagar and
Speaker 1: I'm Karen Moscow. We're just about three hours away from
Speaker 1: the open of US trading. Time for the five things
Speaker 1: that you need to notice start your day. To you
Speaker 1: buy Interactive Brokers. Interactive Brokers charges Martin loan rates from
Speaker 1: three point five eight percent to four point five eight
Speaker 1: percent rates subject to change. Learn more at ibk r
Speaker 1: dot com. Slash compare. At first, we begin with Elon
Speaker 1: Musk reviving is bid to buy Twitter. He'll make the
Speaker 1: acquisition at the original price of fifty four do twenty
Speaker 1: cents of share. Ross Gerber with giber Kawasaki says the
Speaker 1: world's richest man must focus on mending his relationship with
Speaker 1: a company and its employees. It's not distrust, it's hate.
Speaker 1: They hate him. He's created a situation. And I love Elon,
Speaker 1: you know, I'm I'm a fan and supporter, don't get
Speaker 1: me wrong, but I have friends of Twitter and they
Speaker 1: hate him. Now, if I'm Twitter, I'm not going to
Speaker 1: get rid of this lawsuit at all. I'm going to
Speaker 1: force specific performance on Elon because there's no trust there
Speaker 1: at all. Ross Gerber with Gibert Kawasaki says Muski is
Speaker 1: acquiring the company with employee morale at an all time
Speaker 1: loan on. Twitter shares closed twenty two percent higher yesterday.
Speaker 1: They're lower this morning, down about four tens of upper
Speaker 1: at Tesla's years also jumped on the news, climbing nearly
Speaker 1: three percent, and they're also lower this morning, down one
Speaker 1: point one percent. Now. The broader markets lower as well.
Speaker 1: Karen futures are falling following wing a hawkish rhetoric from
Speaker 1: several more Central Bank officials. San Francisco Fed president Mary
Speaker 1: Daily spoke yesterday and stressed the importance of price stability,
Speaker 1: Unlike it's a great time to be a worker. Workers
Speaker 1: have all this power. I don't see a lot of
Speaker 1: power if your real wages are following nine. And so
Speaker 1: that is sort of an example of why inflation is
Speaker 1: a corrosive if we let it go, it's a corrosive disease.
Speaker 1: And hear more from San Francisco Fed President Mary Daily
Speaker 1: later this morning, we sit down for whether for an
Speaker 1: interview live on Bloomberg Radio and television at ten fifteen
Speaker 1: Wall Street Time. Well overnight saw stocks and Asia rally
Speaker 1: for a second a stray today, Nathan, with traders betting
Speaker 1: global monetary tining release soon. It's a different story in
Speaker 1: Europe this morning, where stocks are following US futures lower.
Speaker 1: Now we continue to keep an eye in UK politics,
Speaker 1: Karen Prime Minister Liz trust is speaking at the annual
Speaker 1: Tory conference and burning him that seemed at reviving her
Speaker 1: beleaguered leadership. Well back here in the US, Nathan, politics
Speaker 1: also in focus, Former President Donald Trump is asking the
Speaker 1: Supreme Court to let a court appointed special master review
Speaker 1: classified documents sees from his Marilago home. And that's the
Speaker 1: five things you need to know to start your day.
Speaker 1: Brought to you by Interactive Brokers. Futures this morning are
Speaker 1: lower SNP futures down twenty eight points and Down Futures
Speaker 1: down two eight and NASDACK futures down eighty one and
Speaker 1: straight ahead. We have your latest local headlines plus a
Speaker 1: check of sports. This is Bloomberg. Thank you, Karen. It
Speaker 1: is six thirty three on Wall Street, rain in fifty
Speaker 1: six degrees in Central Park to focal point continues to
Speaker 1: be Patterson Root eighty Big issues their details coming up
Speaker 1: in traffic First Michael Barr with what else is going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much. Nathan. Mourners will say their final goodbyes
Speaker 1: to an f d n Y E M S Lieutenant.
Speaker 1: Funeral services take place today for Alison and Russo l
Speaker 1: A in Brookville. She was fatally stabbed last week in
Speaker 1: an unprovoked attack. The f d n Y says russo Elling,
Speaker 1: who was sixty one, will be posthumously promoted to captain. Today,
Speaker 1: the New York Division of the d e A and
Speaker 1: local law enforcement announced the results of the first significant
Speaker 1: seizure of Rainbow Fentinel in Manhattan. The seizure of nearly
Speaker 1: fifteen thousand pills happened on September when a vehicle was
Speaker 1: stopped outside the Lincoln Tunnel, where they discovered the pills
Speaker 1: hidden in black tote bags and a lego container. Bridget
Speaker 1: Brennan is New York City Special Narcotics prosecuted. My office
Speaker 1: and our partners are committed to disrupting high level narcotics
Speaker 1: trafficking by intercepting large loads of lethal drugs and drug proceeds.
Speaker 1: We do this to protect New Yorkers and to save lives.
Speaker 1: Prosecutor Brennan says, the person in the car, Letitia Bush
Speaker 1: of Trenton, was arrested. President Biden will visit Florida today
Speaker 1: to tour the damage caused by Hurricane and more and
Speaker 1: one hundred people were killed by the storm in the US.
Speaker 1: President Biden gave a stark warning while talking about the
Speaker 1: Task Force on Reproductive Healthcare Access. According to the President,
Speaker 1: if the Republicans win Congress this year, states that retained
Speaker 1: abortion access rights could lose that as well, and the
Speaker 1: Congress should codify the protections of ROW and do it
Speaker 1: once and for all. But right now we have we're
Speaker 1: short a handful of votes. It's the only way it's
Speaker 1: going to happen is if the American people make it happen.
Speaker 1: At least fifteen states have stopped nearly all abortion services
Speaker 1: since the Supreme Court overturned Roe v. Wade in June.
Speaker 1: Micron Technology says it plans to invest as much as
Speaker 1: a hundred billion dollars over the next twenty years to
Speaker 1: build a factory and upstate New York to boost the
Speaker 1: US production of memory chips. The factory, to be built
Speaker 1: near Syracuse, plans to create about five fifty thousand jobs.
Speaker 1: Governor Kathy Hokel with Bloomberg's David Weston, spoke about New
Speaker 1: York's five point five billion dollars in the project. This
Speaker 1: is UH an enhancement of a program that already exists
Speaker 1: where we'll give tax credits after jobs are created. So
Speaker 1: this is not a blink check and you you know,
Speaker 1: hoping to wing in a prayer. No, this is concrete.
Speaker 1: It's money that will be spent over the twenty years
Speaker 1: as the jobs are created, Governor hocole. Globally, there's twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. How Michael Bart, this
Speaker 1: is Bloomberg, Nathan, Thank you Michael, six thirty six on
Speaker 1: Wall Street for the big number this morning is sixty two.
Speaker 1: There's John stash Are the Bloomberg Sports Update. All right,
Speaker 1: Nathan Aaron Judges pursuit of Roger Marris is indeed finally
Speaker 1: over number sixty two. Hit in game number one sixty one.
Speaker 1: It became a fair apparent a few months ago that
Speaker 1: might be tough for Judge to reach. Barry Bonds is
Speaker 1: seventy three, but that Roger Marris's American League record was
Speaker 1: in reach. He hit his six over two weeks ago.
Speaker 1: It took him eight games to get sixty one, and
Speaker 1: then five more games without a homer, including the open
Speaker 1: were the double header in Texas, but Judge let off
Speaker 1: the second game shot the left field off the Rangers. Hey,
Speaker 1: susan Oco, he'll be the answer to a tribute question.
Speaker 1: All of his Yankee teammates greeted him at home played,
Speaker 1: and later Judge was asked what he'll remember about this
Speaker 1: experience seeing Yankee Stadium on their feet for every single
Speaker 1: I beat you know, they're booing pitchers for throwing balls,
Speaker 1: you know, which I've never I've never seen before. And
Speaker 1: you know, I think I got a base at the
Speaker 1: other night and I was getting booed for a single.
Speaker 1: You know. It's just you know, a little moments like
Speaker 1: that you look back on. You know, would have been
Speaker 1: great to do it at Yankee Stadium in front of
Speaker 1: our home fans. But I know a lot of Yankee
Speaker 1: fans they travel if they travel well, and there's a
Speaker 1: lot of Yankee fans here tonight where this record got
Speaker 1: so much attention because it's also the so called clean
Speaker 1: record bombs mark with wire Sammy Sosa seasons all tainted
Speaker 1: by steroids. Yankees beat the Rangers five four and then
Speaker 1: lost three to two. They finished the season today going
Speaker 1: for their one win in the Division series. They'll play
Speaker 1: either Cleveland or Tampa Bay. The Mets swept the Double
Speaker 1: Letter from Washington four two and ain't nothing. They'd won
Speaker 1: a hundred games, but we'll finish second behind it Plant.
Speaker 1: The Braid's planned to the Metal Faith San Diego and
Speaker 1: the best of three wild Cards series at City Field
Speaker 1: that starts on Friday. John Stasha war Bloomberg Sports. Thank you,
Speaker 1: John sixty seven On Wall Street, Time to take a
Speaker 1: look at stocks, some of the names moving in the
Speaker 1: pre market with Bloomberg Markets correspondent and television anchor Danny
Speaker 1: Burger with us this morning on a morning where it
Speaker 1: seems like investors are saying to themselves, maybe the Fed's
Speaker 1: not ready to pivot just yet after all. Is that
Speaker 1: kind of your read, Danny? Yeah, I mean, I don't know.
Speaker 1: It just feels like a market that is just so bearish,
Speaker 1: or at least an investor sentiment that's sort of anything
Speaker 1: seems to excite us and say, Okay, maybe the Fed's
Speaker 1: gonna pivot, which is I think what we saw over
Speaker 1: the past two days, including a nice little shortcovering rally
Speaker 1: to really get stocks going. I think when you stop
Speaker 1: and you pause and you listen to what FED speakers
Speaker 1: have actually said, such as Daily yesterday, they certainly do
Speaker 1: not sound like a group who are ready to pivot. Yeah,
Speaker 1: let's take a look under the hood just a little bit.
Speaker 1: This morning. Of course, we have to talk about the
Speaker 1: Elon Musk Twitter buy out back on it has been
Speaker 1: a saga that's just been riveting for the last few
Speaker 1: months here and how's it affecting the shares this morning, Danny, Well,
Speaker 1: so shares this morning are a little bit weaker pre market.
Speaker 1: I mean that was after sort of a monster rally
Speaker 1: of of of two percent yesterday, So pre market down
Speaker 1: nearly half of a percent, So that's I mean, not
Speaker 1: too much of a retracement considering what happened yesterday. But
Speaker 1: still the fact remains the offer price, original one that
Speaker 1: Elon Musk is going through with is fifty four and
Speaker 1: twenty cents. We are still below that fifty and seventy
Speaker 1: five cents, So you could kind of guess from that
Speaker 1: arbitrage that still exists between the two that there's still
Speaker 1: some lingering skepticism of how this deal will go through.
Speaker 1: Will it go through, even though again Elon Musk now
Speaker 1: saying his people at least that he will indeed by
Speaker 1: the company. It's a great story on the Bloomberg terminal
Speaker 1: this morning about how yesterday was a great day for
Speaker 1: our orbs, all the people who bet on this merger
Speaker 1: going forward after all, And in our last a few
Speaker 1: seconds here, Danny, I have to think that you're gonna
Speaker 1: be keeping an eye on oil related stocks this morning.
Speaker 1: With Opec plus meeting. Yeah, So, I mean the numbers
Speaker 1: have rapidly increased to expectations of how much OPEC is
Speaker 1: going to cut. Will it be? You know, half a million,
Speaker 1: will be one million, will be two million, at least
Speaker 1: that's where we've landed up this moment. If they do
Speaker 1: do a drastic cut, that likely means that oil is
Speaker 1: going to rally pretty substantially, and so a lot of
Speaker 1: the oil majors will rally in sympathy as well. All right.
Speaker 1: Bloomberg Markets correspondent and television anchor Danny Burger with us
Speaker 1: this morning, taking a look at what's happening in the
Speaker 1: pre market. Quick check of nymex crewed this morning as
Speaker 1: OPEC plus meets in Vienna, getting just a bit of
Speaker 1: a bid. Had been a little bit lower, but now
Speaker 1: it's up about a tenth percent at eighty six dollars
Speaker 1: sixty three cents of barrel. As for the broader market,
Speaker 1: as far as equities go, they are moving lower after
Speaker 1: the fourth quarters started with a two day rally, given
Speaker 1: back some this morning, with S and P futures down
Speaker 1: twenty nine points, DAL futures down two and dance deck futures.
Speaker 1: They're moving lower by eighty six points, and the tenure
Speaker 1: Treasury is down fifteen thirty seconds for a yield of
Speaker 1: three point six nine per cent. You're listening to Bloomberg
Speaker 1: day Break Bloomberg eleven three oh. Weather finally going to
Speaker 1: get better soon. We'll get up to near sixty today
Speaker 1: with showers tapering by the evening. Looking for sunshine low
Speaker 1: seventies to round out this week. Right now, fifty four
Speaker 1: in Central Park Markets, headlines and breaking news twenty four
Speaker 1: hours a day at Bloomberg dot Com, the Bloomberg Business
Speaker 1: at and at Bloomberg Quick Tape. He's a Bloomberg Business
Speaker 1: Flash and I'm Karen Moscow. And futures are lower this morning.
Speaker 1: We go to the first Word breaking News, dask for
Speaker 1: today's morning call, and here's Bill Maloney. Bill, good morning, Hey,
Speaker 1: good morning, Karen. That's right you. As futures are under
Speaker 1: pressure after yesterday's surge. Without futures down two two points,
Speaker 1: subs drop twenty eight. Well, the NaSTA futures are off
Speaker 1: by eight five. The US ten year at three point
Speaker 1: seven percent, gold is down sixteen, Oil is in the green,
Speaker 1: and Bigcoin is trading lower by one percent. Hong Kong
Speaker 1: rose five point nine percent overnight, while up of markets
Speaker 1: are also in the red this morning and back in
Speaker 1: the US on the economic front at ADP Employment Change
Speaker 1: Services and Composite p M S and at ten o'clock
Speaker 1: I S M Services Index. In other news city groups,
Speaker 1: Quad Strategists said the US stocks have only just begun
Speaker 1: to price in a recession and people familiar, so that
Speaker 1: Citadel's four hedge funds generated double digit returns this year.
Speaker 1: Rabbing Things Up, Church and White was raised by over
Speaker 1: at Deutsche Bank. Airbnb rated a new outperform well Bred Bernstein.
Speaker 1: Live from the First Breaking News desk on Bill Maloney. Karen,
Speaker 1: all right, Bill, thank you to here live breaking news
Speaker 1: of your Bloomberg type squawk on your terminal scue. You
Speaker 1: a w K and that's a Bloomberg business flash. Now
Speaker 1: here's Michael Barr with Moore on what's going on around
Speaker 1: the world. Michael, Karen, thank you very much. President Joe
Speaker 1: Biden is traveling to Florida today. Biden will pledge that federal, state,
Speaker 1: and local governments the work has one to help rebuild homes, businesses,
Speaker 1: and lives destroyed by Hurricanean. Former President Donald Trump wants
Speaker 1: the U S Supreme courts look into government papers, sees
Speaker 1: at as Mara and Lago home. Trump is asking the
Speaker 1: justices to let a court appoint in special master review
Speaker 1: one hundred documents with classified markings. In baseball, Yankee slugger
Speaker 1: Aaron Judge at his sixty second home run of the
Speaker 1: season to break Roger Maris is a l record. It
Speaker 1: happened in game one as the Yankees split a double
Speaker 1: header with the Rangers. The Mets swept a doubleheader against
Speaker 1: the Nationals, but the Braves still clinched the NL East
Speaker 1: with wind over the Marlins, the Red Sox and A's
Speaker 1: one the Giants lost. Global news twenty four hours a
Speaker 1: day on air and on Bloomberg Quick Take are about
Speaker 1: more than seven hundred journalists and analysts in more than
Speaker 1: a hundred twenty countries. Michael bar this is Bloomberg. Karen Hery, Michael,
Speaker 1: thank you. It is six forty nine on Wall Street
Speaker 1: and we turned to news and science and technology now
Speaker 1: with the Bloomberg and j I t STEM Report. It
Speaker 1: is brought to you by New Jersey Institute of Technology,
Speaker 1: whose n j II unit has joined with pharmaceutical giant
Speaker 1: Murk to establish the Merk Digital Sciences Studio to support
Speaker 1: drunk discovery and development. More at n j I, T DOT,
Speaker 1: E d U and here's what's making news in science, Technology, engineering,
Speaker 1: and math. Climate change has made Hurricane Ian's most extreme
Speaker 1: rainfall about ten percent worse than it would have been
Speaker 1: without two centuries of greenhouse gas pollution, according to a
Speaker 1: first take analysis by two US climate researchers. The analysis
Speaker 1: shared on Twitter looked only at rainfall and not other
Speaker 1: critical climate metrics related to hurricanes. The full death toll
Speaker 1: will likely not be known for weeks. Damage estimates could
Speaker 1: reach one billion dollars. Taiwan is pledging to work closely
Speaker 1: with U S and other allies as tensions between Washington
Speaker 1: and Beijing row. Taiwan will keep his advanced semiconductor development
Speaker 1: at home while adopting measures to stop its tech from
Speaker 1: being used by the Chinese military. And India's mission to
Speaker 1: Mars finally ran out of fuel after spending eight years
Speaker 1: in the outer world, according to the nation's space agency.
Speaker 1: The orbiter studying the surface and atmosphere was launched in
Speaker 1: tw and was expected to last just six months. And
Speaker 1: that's a bloomberg n j A T STEM report. Nathan
Speaker 1: Thank you, Karen. We are live from the Bloomberg Interactive
Speaker 1: Broker Studios where it's six fifty one on Wall Street
Speaker 1: Time now to check what's going on in d C.
Speaker 1: Some of the top stories in our nation's capital include
Speaker 1: President Biden to meet with Florida Governor To Santis during
Speaker 1: a trip to that hurricane ravage state, the President taking
Speaker 1: a muted response to North Korea's missile launches, Republicans standing
Speaker 1: by herschel Walker after report the Georgia Senate candidate paid
Speaker 1: for an abortion, and former President Donald Trump taking his
Speaker 1: moral logo records fight to the Supreme Court. Let's get
Speaker 1: more now on some of these stories from Bloomberg Government
Speaker 1: reporter Emily Wilkins, Starting, of course, with the President heading
Speaker 1: to Florida. This is gonna be a trip to watch
Speaker 1: for more reasons than one. Emily, I mean absolutely, Nathan,
Speaker 1: I mean Ron de Santis is considered perhaps one of
Speaker 1: the leading contenders for the Republican Party, especially if we
Speaker 1: don't see former President Trump run again. But at this
Speaker 1: point he and Biden are really trying to put aside
Speaker 1: any sort of potential showdown or frustrations and just really
Speaker 1: focus on addressing the folks in Florida who are hit
Speaker 1: by Hurricane Ian, and remember Ian too. This is coming
Speaker 1: just a couple of weeks after Ronda Santis had a
Speaker 1: couple of playfuls of migrants sent to Martha's Vineyard, causing
Speaker 1: you know, a lot of confusion, there a lot of
Speaker 1: questions about what services they needed, how to better take
Speaker 1: care of them. For de Santis, it was meant, of course,
Speaker 1: as a political point about the situation at the southern border,
Speaker 1: but the Biden administration has really criticized that move, saying
Speaker 1: that they were playing politics with people. At the same point,
Speaker 1: they said that for now they are putting all of
Speaker 1: that aside. White House Press Secretary Karine Jean Pierre said
Speaker 1: that there would be talk with homeowners and small business
Speaker 1: owners that they weren't going to be asking about that
Speaker 1: whole incident with the migrants being flowed up to Martha's Vineyard,
Speaker 1: and that overall they're just really trying to focus right
Speaker 1: now on making sure that the aid that is needed
Speaker 1: after Hurricane Ian is met. A much as they both
Speaker 1: might be saying they're putting politics aside, you have to
Speaker 1: think that politics are at play here. Emily, with a
Speaker 1: midterm election less than five weeks away now, and Governor
Speaker 1: de Santis right in the middle of a re election fight.
Speaker 1: That's true, I mean to a certain extent, though the
Speaker 1: politics kind of benefit what they're doing right now. Politicians
Speaker 1: are very gudgly harshed on are are judged a lot
Speaker 1: on how they respond to hurricanes. You've seen careers be
Speaker 1: made or broke in Uh, You've seen particular moments really
Speaker 1: stand out. Think about Chris Christie's embrace of them President
Speaker 1: Barack Obama when dealing with the hurricane that hit New
Speaker 1: Jersey in twelve and so this is certainly a moment
Speaker 1: where a big spotlight is on Biden and to Santis,
Speaker 1: and both of them know that right now it's really
Speaker 1: important for them not to be seen as playing politics,
Speaker 1: to be seen as addressing this uh in a very
Speaker 1: serious way. Uh. The hope for I think both men
Speaker 1: is that that ultimately wins them points with the larger
Speaker 1: American people, and you know, could be a benefit to
Speaker 1: any potential future presidential run. All right, let's turn to
Speaker 1: geopolitics now, because the president has to focus on that
Speaker 1: as well, particularly with North Korea firing all these missiles
Speaker 1: over the last few days. And he's taking a much
Speaker 1: different approach to this than his predecessor, to be sure. Yeah,
Speaker 1: so the launches, it's the first time North Korea has
Speaker 1: fired a missile over Japan in five years, and Biden
Speaker 1: responded by pledging to work more closely with Japan and
Speaker 1: South Korea. But he really hasn't promised much more than that,
Speaker 1: and that really is a difference from what we saw
Speaker 1: with the former president with Trump uh And at this point,
Speaker 1: a lot of it speaks to Biden's larger international focuses.
Speaker 1: He's very focused on Ukraine, of course, he's very focused
Speaker 1: on Beijing in China and the relationship there, And this
Speaker 1: is one of the features that we've seen from the
Speaker 1: Biden presidency. Unlike Trump, you know, tried to meet with
Speaker 1: Kim Jong un, who exchanged letters with him, who had
Speaker 1: sort of a whole thing, Biden has really sort of
Speaker 1: not paid much attention to North Korea. Um. Certainly he's
Speaker 1: had to sort of manage the threat that they pose
Speaker 1: with their nuclear weapons, but at the same point, he's
Speaker 1: really trying to keep the narrative on Ukraine and on
Speaker 1: Beijing rather than focus on North Korea and abortion rights
Speaker 1: of course, has become more of a focus as well,
Speaker 1: particularly this week with the President putting out an announcement
Speaker 1: yes to day and now this flap around Georgia Senate
Speaker 1: candidate herschel Walker. Yeah, so we are going to be
Speaker 1: expecting to see President Biden uh putting out guidance for
Speaker 1: universities to increase protections for students who decided to have abortions.
Speaker 1: And it comes at this time with the Republican Party.
Speaker 1: Of course, there's there's a strong anti abortion sentiment there. Uh,
Speaker 1: it varies a little bit among candidates. But now you
Speaker 1: have the news that a leading Republican candidate in the
Speaker 1: Georgia's Senate race, herschel Walker, that he paid for an
Speaker 1: abortion for a girlfriend about thirteen years ago. This was
Speaker 1: reported by the Daily Beast. Um they had receipts of
Speaker 1: a check that he signed to get well card that
Speaker 1: he sent to this woman. And at this point herschel
Speaker 1: as mirschel Walker, has denied any of these allegations. He
Speaker 1: says that they're not true, that he plans to sue
Speaker 1: the Daily Beast over it, and you've seen Republicans really
Speaker 1: rally around him. I mean as far as uh, no
Speaker 1: one's been calling him out of Republicans have said that
Speaker 1: they believe him, that they still support him. He is
Speaker 1: still very much the nominee. And what's going to be
Speaker 1: a race that really defines who gets to control the
Speaker 1: Senate next year. Georgia is absolutely one of the ones
Speaker 1: to watch. And so for these types of allegations, serious
Speaker 1: backs up allegations to come out against their candidate and
Speaker 1: for Republicans not to blink an eye. Um, it's certainly
Speaker 1: notable as far as sort of how the party is
Speaker 1: thinking about abortion and thinking about what they need to
Speaker 1: do to win in the mid terms. Also notable in
Speaker 1: our last minute here Emily, the mar Lago fight now
Speaker 1: going to the Supreme Court. Yeah, Trump is uh looking
Speaker 1: to the Supreme Court to intervene in a fight over
Speaker 1: governor papers sees that is Mara Lago home. Uh. He
Speaker 1: wants the justices to let that court appointed special master,
Speaker 1: that third party review a hundred documents with classified markings.
Speaker 1: And Nathan, this really escalates what we've already been seen
Speaker 1: so far. Trump initially pushing for this special mass there
Speaker 1: to review the documents, and now he's pushing for them
Speaker 1: to really review these classified documents. And there are lots
Speaker 1: of questions around why, you know, why these documents would
Speaker 1: need to be reviewed by a third party. Of course,
Speaker 1: at the center of all of this is a potential
Speaker 1: national security risk that those documents could pose, and a
Speaker 1: lot of questions about what is in those documents. Uh.
Speaker 1: It's also a bit of a delay tactic. The longer
Speaker 1: Trump spends UH in the courts arguing about which documents
Speaker 1: you should have, which documents should be reviewed, the more
Speaker 1: you've got the delay for the Justice Department and their
Speaker 1: investigations in your Trump. Thanks Emily. As always, Bloomberg Government
Speaker 1: reporter Emily Wilkins with us this morning. Bloomberg Surveillance is
Speaker 1: next on Bloomberg Radio for Karen Moscow. I'm Nathan Hagar,
Speaker 1: and this is Bloomberg