WEBVTT - Bloomberg Daybreak: September 9, 2022 - Hour 1 (Radio) 0:00:02.240 --> 0:00:05.560 Live from the Bloomberg Interactive Brooker's Studios. This is is Bloomberg 0:00:05.640 --> 0:00:09.680 Daybreak for Friday, September nine. Coming up this hour, the 0:00:09.760 --> 0:00:13.480 world remembers Queen Elizabeth the Second. Leads across the globe 0:00:13.480 --> 0:00:16.680 pay their respect to her historic rain and her legacy. 0:00:16.880 --> 0:00:18.840 The UK marks the end of an era at the 0:00:18.880 --> 0:00:21.799 start of ten days of mourning, and King Charles prepares 0:00:21.840 --> 0:00:24.360 to ascend to the throne, the oldest person to do 0:00:24.440 --> 0:00:27.840 so in British history. The Justice Department will appeal that 0:00:27.920 --> 0:00:31.160 Trump's Special Master Order and Governor Murphy take same at 0:00:31.240 --> 0:00:35.760 Manhattan's congestion pricing plan. I'm John Tucker. Those stories straight ahead. 0:00:35.920 --> 0:00:38.640 I'm John Stashon sports, a Yankee rally came up short 0:00:38.680 --> 0:00:41.080 against the Twins. That Bills beat the Rams to kick 0:00:41.120 --> 0:00:46.360 off the NFL season. That's all training ahead on Bloomberg 0:00:46.440 --> 0:00:51.520 Daybreak on Bloomberg eleven three on New York, Bloomberg one, Washington, 0:00:51.600 --> 0:00:55.240 d C, Bloomberg one oh six one, Boston, Bloomberg nine 0:00:55.280 --> 0:00:59.520 sixties and frances Go Syrius Exam one nineteen and around 0:00:59.520 --> 0:01:02.400 the world on Bloomberg Radio dot Com and via The 0:01:02.440 --> 0:01:10.480 Bloomberg Business. Good Morning, I'm Nathan Hagar and I'm Karen Moscow. 0:01:10.520 --> 0:01:13.440 Any US futures are higher this morning. We are coming 0:01:13.480 --> 0:01:14.959 up to five o one on Wall Street and we 0:01:15.040 --> 0:01:17.560 check the markets every fifteen minutes throughout the trading day. 0:01:17.680 --> 0:01:20.039 On Bloomberg, U S and P futures up thirty three 0:01:20.040 --> 0:01:23.520 points this morning. Death futures have two two and as 0:01:23.600 --> 0:01:27.000 day futures up one. Six ten year treasury up ten 0:01:27.080 --> 0:01:30.560 thirty seconds. You have three point to seven percent, Nathan Karen. 0:01:30.640 --> 0:01:33.720 Reaction continues to pour in this morning. Following the death 0:01:33.760 --> 0:01:38.000 of Queen Elizabeth the Second, Britain's longest reigning monarch, passed 0:01:38.000 --> 0:01:41.880 away peacefully at Balmoral Castle in Scotland yesterday. She was 0:01:42.000 --> 0:01:45.560 ninety six years old. Prime Minister Liz Trust was first 0:01:45.600 --> 0:01:47.760 to pay honor to the life and work of the Queen. 0:01:48.200 --> 0:01:53.160 Queen Elizabeth the Second leaves a great legacy. Today the 0:01:53.280 --> 0:01:56.720 crown passes as it has done for more than a 0:01:56.760 --> 0:02:00.440 thousand years, to our new monarch. On you had to 0:02:00.560 --> 0:02:05.480 state his Majesty, King Charles the Third. Prime Minister Liz 0:02:05.480 --> 0:02:08.240 Trust called the Queen the rock on which modern Britain 0:02:08.320 --> 0:02:12.079 was built. Trust was appointed by the Queen just this week. Well, 0:02:12.160 --> 0:02:15.079 Nathan Leaders across the world, they're also paying their respect 0:02:15.080 --> 0:02:17.680 to the Queen. Here in the US, President Joe Biden 0:02:17.680 --> 0:02:20.880 addressed the loss at a reception for the Democratic National 0:02:20.880 --> 0:02:24.640 Committee in Maryland. The opportunity to meeter before she passed, 0:02:24.639 --> 0:02:27.880 and she was an incredibly gracious and decent woman. The 0:02:27.960 --> 0:02:30.679 thoughts and prayers of the American people are with the 0:02:30.720 --> 0:02:33.240 people of the United Kingdom and the Commonwealth and their grief. 0:02:33.560 --> 0:02:37.000 Hillary Clinton is also remembering her majesty. The former First 0:02:37.080 --> 0:02:39.760 Lady and Secretary of State says she was lucky enough 0:02:39.800 --> 0:02:43.800 to meet her Majesty on several occasions. She was a curious, 0:02:44.240 --> 0:02:50.080 highly intelligent person who really wanted to learn, uh, what 0:02:50.240 --> 0:02:53.240 you knew and how it would fit into the world. 0:02:53.560 --> 0:02:56.400 All back in the UK, there's been a profound loss felt. 0:02:56.440 --> 0:02:59.959 In Scotland, First Minister Nicolas Sturgeon described the death of 0:03:00.040 --> 0:03:03.040 the Queen as a moment of acute loss and sadness. 0:03:03.320 --> 0:03:07.320 For more than seventy years, Queen Elizabeth has been the 0:03:07.360 --> 0:03:12.920 great constant in our national life. She has inspired us 0:03:12.960 --> 0:03:17.960 on occasion comfort he does and always personified values we 0:03:18.040 --> 0:03:21.840 hold dear and In Canada, Prime Minister Justin Trudeau delivered 0:03:21.919 --> 0:03:24.600 a poignant speech on the legacy of the Queen and 0:03:24.639 --> 0:03:29.280 her importance to him and his country in a complicated world. 0:03:29.919 --> 0:03:37.040 Her steady grace and resolve brought comfort and strength to us. 0:03:37.080 --> 0:03:40.960 All Canada is in mourning. She was one of my 0:03:41.000 --> 0:03:44.360 favorite people in the world and I will miss herself. 0:03:45.200 --> 0:03:48.480 Prime Minister Justin Trudeau says he's in disbelief over her 0:03:48.520 --> 0:03:51.760 death and that Canada is in mourning. Well, Karen. Outside 0:03:51.760 --> 0:03:53.680 of world leaders, we're hearing from people who had a 0:03:53.680 --> 0:03:57.040 close personal relationship with the Queen. We spoke with former 0:03:57.080 --> 0:03:59.920 advisor to the Queen Mary McLeod, who says her majesty 0:04:00.080 --> 0:04:03.160 was an empowering role model. She will be remembered. I 0:04:03.200 --> 0:04:06.280 think really as an as an inspiration and I grew 0:04:06.360 --> 0:04:08.760 up thinking I could achieve anything. There was a female monarch, 0:04:08.800 --> 0:04:11.960 of female prime minister. I mean it's really she has 0:04:12.080 --> 0:04:14.880 been there for for everyone throughout their lives and as 0:04:14.880 --> 0:04:17.920 her to Walsh in her life of service, a real 0:04:18.080 --> 0:04:22.919 selfless leader is how I think everyone is is remembering her. 0:04:23.200 --> 0:04:25.880 Mary McLeod is a former Member of Parliament and adviser 0:04:25.920 --> 0:04:28.200 to Queen Elizabeth the Second Stay tuned for War of 0:04:28.240 --> 0:04:31.679 that conversation coming up shortly on Bloomberg Daybreak, Well, Nathan, 0:04:31.760 --> 0:04:34.159 The death of the Queen kicks off ten days of 0:04:34.240 --> 0:04:36.560 mourning in the UK, and we get the details on 0:04:36.640 --> 0:04:40.240 that from Bloomberg Daybreak Europe anchor Caroline Hecker, who joins 0:04:40.320 --> 0:04:43.679 us live from London and Caroline, good morning, Good morning, 0:04:43.800 --> 0:04:46.880 Karen and Nathan. We had all perhaps prepared ourselves for 0:04:46.920 --> 0:04:48.960 the death of the Queen, but when it came it 0:04:49.080 --> 0:04:51.479 was still a shock and a moment of grief. For 0:04:51.560 --> 0:04:54.840 many flags are now flying at half. Mass tributes from 0:04:54.839 --> 0:04:57.800 politicians at home and abroad for her long reign and 0:04:57.880 --> 0:05:02.000 particularly her dedication to public service of being made in 0:05:02.040 --> 0:05:05.160 the coming days. The Queen's body will return from Scotland 0:05:05.160 --> 0:05:08.000 to London. She will lie in state in Westminster Hall, 0:05:08.080 --> 0:05:10.479 in the heart of Parliament, where the public will be 0:05:10.520 --> 0:05:13.200 able to pay their own respects to the monarch of 0:05:13.279 --> 0:05:16.320 seventy years. We have no date yet, but the state 0:05:16.360 --> 0:05:19.640 funeral for the Queen will take place at Westminster Abbey 0:05:19.760 --> 0:05:24.320 with markets closed, in the very place where Elizabeth Alexandra 0:05:24.480 --> 0:05:28.320 Mary wins A married Prince Philip in ninety seven, and 0:05:28.400 --> 0:05:31.920 where she was crowned Queen in nineteen fifty three, Live 0:05:31.960 --> 0:05:35.760 in London. I'm Caroline Hepkeer Bloomberg Radio. Thanks for the Caroline, 0:05:35.800 --> 0:05:38.480 And there's also the future of the monarchy to consider 0:05:38.520 --> 0:05:41.760 at this moment. Charles the Third will soon be formally 0:05:41.880 --> 0:05:45.560 proclaimed king in a ceremony dating back hundreds of years, 0:05:45.600 --> 0:05:48.680 and Bloomberg gave breakure. Banker Stephen Carroll, who also joins 0:05:48.760 --> 0:05:51.680 us now from London, has the details on that. Stephen, 0:05:51.720 --> 0:05:54.239 good morning, Good morning, Nathan and Kareny. At the meeting 0:05:54.240 --> 0:05:57.480 of the Accession Counselors that's nown due to take place tomorrow, 0:05:57.480 --> 0:06:00.320 with that form of proclamation will take place the group 0:06:00.360 --> 0:06:03.360 that includes members of the Privy Council, historically the sovereign's 0:06:03.400 --> 0:06:06.680 most trusted advisers. Also present will be officials in the 0:06:06.680 --> 0:06:10.040 City of London and from the Commonwealth. At seventy three, 0:06:10.120 --> 0:06:12.719 Charles is the oldest person who exceeds the throne in 0:06:12.760 --> 0:06:15.240 British history. He'll now have to steer the monarchy in 0:06:15.240 --> 0:06:19.000 a country that's altered beyond recognition since his mother's succession 0:06:19.080 --> 0:06:22.279 in nineteen fifty two. Live in London. I'm Stephen Carroll, 0:06:22.320 --> 0:06:25.520 Bloomberg daybreak right, Stephen, thank you, and King Charles now 0:06:25.520 --> 0:06:28.040 has big shoes to fill, taking over from the longest 0:06:28.040 --> 0:06:31.200 reigning monarch in British history. We get perspective now from 0:06:31.240 --> 0:06:34.800 Anthony Gardner, former US Ambassador to the European Union under 0:06:34.839 --> 0:06:37.880 President Obama. Well, I think he will try to respect 0:06:38.360 --> 0:06:41.040 something of the recipe of what made her a success. 0:06:41.360 --> 0:06:45.560 It may be difficult because he is a person with 0:06:45.720 --> 0:06:48.159 the views and by the way, I think he's underestimated. 0:06:48.240 --> 0:06:51.200 He said things and believe things well before they were 0:06:51.600 --> 0:06:55.840 widely believed or said. I'm thinking of certainly the environment 0:06:56.080 --> 0:06:59.640 well before his time, well before his time. Former US 0:06:59.720 --> 0:07:02.559 MS it are Anthony Gardner was against on Bloomberg Sound 0:07:02.600 --> 0:07:05.240 On with Joe Matthew. Catch the program weekdays at five 0:07:05.279 --> 0:07:09.320 pm Eastern on Bloomberg Radio. All right, let's look ahead 0:07:09.320 --> 0:07:11.600 to the market. Open Karen SMP futures right now. We're 0:07:11.640 --> 0:07:13.880 up thirty two points, STAFF futures hire by two and 0:07:13.920 --> 0:07:17.760 at thirty nine NAZAC futures up one d twenty three points. 0:07:17.800 --> 0:07:24.200 You're listening to Bloomberg Daybreak And at five oh seven 0:07:24.200 --> 0:07:27.120 on Wall Street where at sixty four degrees in Central Park, 0:07:27.240 --> 0:07:29.960 still clearing out some construction on the upper level of 0:07:29.960 --> 0:07:31.800 the George Washington Bridge might want to take the lower 0:07:31.880 --> 0:07:34.600 end at the moment. Get to the details in traffic First. 0:07:34.920 --> 0:07:37.120 John Tucker is here with what else is going on 0:07:37.200 --> 0:07:39.800 in New York and around the world. John, Good morning, 0:07:39.960 --> 0:07:43.040 Good morning, Nathan. The US Justice Department will appeal the 0:07:43.160 --> 0:07:46.040 Trump's special master order. Let's get the tails of this 0:07:46.160 --> 0:07:49.480 report from Bloomberg's Jeff Bellinger. The d o J filed 0:07:49.480 --> 0:07:51.760 the notice of appeal with the U. S District Court 0:07:51.840 --> 0:07:54.520 in the Southern District of Florida. They are asking the 0:07:54.560 --> 0:07:57.320 higher court to reverse a federal judge's order for a 0:07:57.400 --> 0:08:00.680 special master to review documents the f b I seized 0:08:00.720 --> 0:08:04.640 from former President Donald Trump's Florida home. The Department says 0:08:04.680 --> 0:08:07.880 the ruling has impeded a review of the potential national 0:08:07.960 --> 0:08:12.080 security impact. The Department also is seeking emergency approval to 0:08:12.200 --> 0:08:15.920 continue using the classified materials that were removed from our 0:08:16.080 --> 0:08:20.000 lago as part of its ongoing criminal investigation into whether 0:08:20.040 --> 0:08:24.520 Trump mishandled government records. In a decision roundly criticized by 0:08:24.600 --> 0:08:29.320 legal experts, US District Judge Eileen Cannon granted Trump's request 0:08:29.360 --> 0:08:32.640 for a so called special master and temporarily barred the 0:08:32.679 --> 0:08:36.479 government from using the documents to develop its criminal investigation. 0:08:36.960 --> 0:08:40.080 Jeff Bellinger Bloombird Daybreak. He's shaving up to be a 0:08:40.200 --> 0:08:43.360 border war of words. New Jersey Governor Phil Murphy says 0:08:43.640 --> 0:08:46.880 New York City's congestion pricing proposal can't be on the 0:08:46.960 --> 0:08:49.840 backs of New Jersey commuters. I'm going to stand up 0:08:49.880 --> 0:08:52.480 and I will not rolet on behalf of our our 0:08:52.559 --> 0:08:56.480 taxpayers intributers. Murphy's speaking of Bloomberg's balance of power with 0:08:56.559 --> 0:08:59.880 David Weston. New York City is moving toward Manhattan congestion 0:09:00.040 --> 0:09:02.520 traffic pricing with a proposed toll of as much as 0:09:02.880 --> 0:09:06.040 twenty three dollars. Former White House strategy to See Bannon 0:09:06.080 --> 0:09:08.880 vows to fight New York state case accusing him of 0:09:08.920 --> 0:09:13.160 defrauding thousands of contributors to a privately funded US Mexico 0:09:13.280 --> 0:09:17.120 border wall of more than fifteen million dollars. Bennon pleading 0:09:17.160 --> 0:09:20.640 not guilty the money laundering, fraud, and conspiracy charges and 0:09:20.920 --> 0:09:24.120 walking into a Low Manhattan courtroom in handcuffs. It was 0:09:24.240 --> 0:09:28.600 released after turning over his passport, and satellite providers are 0:09:28.600 --> 0:09:32.400 being told to clean up after themselves under proposal issued 0:09:32.440 --> 0:09:35.560 by the Federal Communications Commission operators will need to bring 0:09:35.600 --> 0:09:39.280 satellites down from orbit within five years of their ending service, 0:09:39.679 --> 0:09:43.439 compared with the current requirement of twenty five years. Regulators 0:09:43.440 --> 0:09:47.360 are concerned with a proliferation of orbiting space junk in 0:09:47.440 --> 0:09:51.920 a new generation of thousands of satellites. Global news twenty 0:09:51.920 --> 0:09:54.520 four hours day on Erin on Bloomber Quicktake were powered 0:09:54.520 --> 0:09:57.400 by more than twenty seven hundred journalists and analysts in 0:09:57.480 --> 0:10:00.680 more than one D twenty countries on John's Sucker Disease 0:10:00.720 --> 0:10:07.880 Bloomberg Nathan, Thank you John, coming up to five ten 0:10:07.960 --> 0:10:10.920 on Wall Street. Let's get with the Bloomberg sports update. 0:10:10.960 --> 0:10:14.000 Here's John stanhow thanks Nathan. Yankees began today placing yet 0:10:14.000 --> 0:10:17.240 another key player on their very crowded injured list. He's 0:10:17.280 --> 0:10:19.800 Ala May, who has been struggling playing with the bad Toes. 0:10:19.960 --> 0:10:23.600 Another makeshift line up, Isaiah Kiner Felfa was the yankst 0:10:23.600 --> 0:10:26.559 clean up hitter. Marwin Gonzalez bat at fifth. They got 0:10:26.640 --> 0:10:28.320 early two on homer from Miguel and do Are, but 0:10:28.360 --> 0:10:31.000 the Twins tie the game fifth inning, and then in 0:10:31.040 --> 0:10:33.199 the eighth one to pitch a floodball left field and 0:10:33.280 --> 0:10:38.760 deep packet goals. Deep It goals and God Carlos Carea, 0:10:39.000 --> 0:10:43.199 there's his signature moment. Biggest swing is a twin go 0:10:43.240 --> 0:10:46.280 ahead eighth inning two run homer and the Twins tick 0:10:46.320 --> 0:10:48.760 of four too late t b in the call Yanks 0:10:48.800 --> 0:10:50.839 guy at runner the eighth had the bases loaded with 0:10:50.960 --> 0:10:53.480 one out bottom of the ninth failed to score. Minnesota 0:10:53.520 --> 0:10:56.559 won for three to avoid getting sweat. Big series starts 0:10:56.559 --> 0:10:58.920 tonight at the Stadium. Tampa Bay comes in having won 0:10:58.960 --> 0:11:01.360 fourteen the last sevent team, the Razor, four and a 0:11:01.360 --> 0:11:04.079 half games behind the Yanks. Mets start the weekend half 0:11:04.160 --> 0:11:06.480 game ahead of Atlanta. Mets tonight visit in Miami. The 0:11:06.559 --> 0:11:10.320 MLB Competition Committee expect you to vote today on significant 0:11:10.400 --> 0:11:13.200 rule changes for next season, like the implementation of a 0:11:13.240 --> 0:11:17.560 pitch clock and the elimination of defensive shifts. Ons. Jabbiro 0:11:17.679 --> 0:11:20.960 Tunisia and Igosian take of Poland the semifinal winners at 0:11:20.960 --> 0:11:23.680 the US Open. They'll play tomorrow for the women's singles title. 0:11:23.760 --> 0:11:26.319 Now it's the men's semis highlighted by the mass Tonight 0:11:26.360 --> 0:11:30.280 the American for instance TFO against the young Spaniard Carlos Elkaz. 0:11:30.480 --> 0:11:33.040 Buffalo Bills nearly made to the super Bowl last season, 0:11:33.080 --> 0:11:34.800 favorite of many to get there. This year, they opened 0:11:34.880 --> 0:11:36.840 up in l A with a thirty one to ten 0:11:36.920 --> 0:11:39.280 a rout of the defending Super Bowl champion Rams. Josh 0:11:39.320 --> 0:11:41.760 Allen threw for nearly three hundred yards three touchdowns while 0:11:41.760 --> 0:11:45.240 Matthew Stafford was intercepted three times. John stash that we're 0:11:45.240 --> 0:11:48.920 Bloomberg Sports, Nathan, thank you, john S andp Futures right 0:11:48.920 --> 0:11:51.240 now up thirty three points, Stound Features up two D 0:11:51.400 --> 0:11:54.040 fifty one, nest A Futures up a hundred twenty eight points. 0:11:54.520 --> 0:11:56.760 Stay with us as our special coverage on the life 0:11:56.800 --> 0:11:59.959 and legacy of the late Queen Elizabeth. The second continue 0:12:00.120 --> 0:12:08.360 is right here on Bloomberg Daybreak Bloomberg eleven three oh weather. 0:12:08.440 --> 0:12:11.440 Sunshine today with a high near eighty degrees, increasing clouds 0:12:11.440 --> 0:12:13.599 tomorrow afternoon. It's gonna be hazy with highs in the 0:12:13.640 --> 0:12:16.640 low eighties, probably the mostly cloudy low eighties for Sunday. 0:12:16.720 --> 0:12:23.320 Right now sixty five degrees in Central Park Markets. Headlines 0:12:23.360 --> 0:12:26.359 and breaking news twenty four hours a day at Bloomberg 0:12:26.400 --> 0:12:29.760 dot Com, the Bloomberg Business Outland at Bloomberg Quick Tape. 0:12:29.960 --> 0:12:39.040 This is a Bloomberg Business Flash and I'm Karen, Moscow 0:12:39.120 --> 0:12:41.720 futures higher this morning. We check the markets every fifteen 0:12:41.720 --> 0:12:44.880 minutes throughout the trading day on Bloomberg, SNP futures up 0:12:44.880 --> 0:12:47.720 thirty two points, a down, futures up two five, Nash 0:12:47.760 --> 0:12:50.160 Day futures up a hundred twenty six, and the Tenure 0:12:50.200 --> 0:12:52.480 Treasury up eleven thirty seconds. He know, three point to 0:12:52.679 --> 0:12:55.920 seven percent. That's a Bloomberg business flash. Now here's John 0:12:55.920 --> 0:12:58.520 Tucker with more on what's going on around the world. John, 0:12:58.520 --> 0:13:01.760 Good morning, Karen. Charles, the elders of Queen Elizabeth's four 0:13:01.880 --> 0:13:04.720 children will be formally proclaimed King of England in a 0:13:04.760 --> 0:13:08.199 ceremony tomorrow. He becomes the oldest person to ascend to 0:13:08.280 --> 0:13:11.400 the throne. Here in the US, the Justice Department will 0:13:11.400 --> 0:13:14.040 appeal a federal judges order for a special Master in 0:13:14.080 --> 0:13:16.959 the Trump documents case. The d o J says the 0:13:17.040 --> 0:13:20.800 ruling towards the review of the potential national security impact. 0:13:21.320 --> 0:13:24.640 Sports NFL season kicked off last night with Bills beating 0:13:24.679 --> 0:13:28.280 the reigning champion Rams thirty one to ten. Yankees filled 0:13:28.320 --> 0:13:30.439 to the Twins four to three, the Nationals one of 0:13:30.559 --> 0:13:33.920 the Cardinals, Reds beat Cobs. Marlon's beat the Phillies, the 0:13:33.960 --> 0:13:36.920 White Sox one big over the A's, and the Brewers 0:13:36.920 --> 0:13:40.640 swept the Giants in a doubleheader Global news twenty four 0:13:40.640 --> 0:13:43.120 hours a day on Era and on Bloomberg Quicktake. We're 0:13:43.160 --> 0:13:46.000 powered by more than hundred journalists and analysm more than 0:13:46.040 --> 0:13:48.839 one d twenty countries. I'm John Tucker, and this is 0:13:48.880 --> 0:13:51.360 Bloomberg Nathan. John. Thank you for coming up to five 0:13:51.440 --> 0:13:54.880 nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. 0:13:54.920 --> 0:13:58.000 This is Bloomberg Daybreak and Morning on Nathan Hagar. Let's 0:13:58.000 --> 0:14:00.520 get more perspective now and the life, legacy and the 0:14:00.559 --> 0:14:04.000 death of Queen Elizabeth the Second. We've been speaking with experts, 0:14:04.040 --> 0:14:07.160 historians and some of those who knew the queen personally. 0:14:07.440 --> 0:14:10.839 Bloomberg Daybreak Europe bankers Caroline Hecker and Stephen Carroll have 0:14:10.920 --> 0:14:13.280 been leading our coverage. Will hand it over to them 0:14:13.280 --> 0:14:15.920 now for a discussion with a former parliament member who 0:14:16.000 --> 0:14:19.960 knew the queen quite well. Joining us now is Mary McLeod, 0:14:19.960 --> 0:14:23.080 who is a former Member of Parliament and policy adviser 0:14:23.200 --> 0:14:26.520 to Queen Elizabeth the Second. Good morning, Mary, thank you 0:14:26.560 --> 0:14:29.240 so much for being with us. It is a sad 0:14:29.320 --> 0:14:32.960 and a historic moment for the people of Britain. How 0:14:33.040 --> 0:14:37.000 in your view will the Queen be remembered, Well, it's 0:14:37.040 --> 0:14:40.920 absolutely a real deep sense of loss across the United 0:14:41.040 --> 0:14:44.480 Kingdom and you know, or most of us, and she's 0:14:44.520 --> 0:14:48.240 been there throughout her whole lives, so we have had 0:14:48.360 --> 0:14:54.000 that steadfastness unseen a hern and she tried with her 0:14:54.000 --> 0:14:58.880 of course, such a history of not just this country, 0:14:58.880 --> 0:15:02.520 bit of countries are around the world too. But she 0:15:02.560 --> 0:15:05.480 will be remembered I think really as an as an 0:15:05.560 --> 0:15:08.600 inspiration and I mean I grew up thinking I could 0:15:08.640 --> 0:15:11.200 achieve anything. There was a female monarch, our female prime minister. 0:15:11.240 --> 0:15:14.880 I mean it's really she has been there for for 0:15:14.920 --> 0:15:18.480 everyone throughout their lives, and it's her devotion in her 0:15:18.560 --> 0:15:22.960 life of service. A real selfless leader is how I 0:15:23.000 --> 0:15:26.720 think everyone is is remembering her. But it's her humility, 0:15:26.920 --> 0:15:32.400 her dignity, her grace, her warmth, her kindness, that dedication 0:15:32.680 --> 0:15:34.840 and the wisdom that came with it from all those 0:15:34.920 --> 0:15:39.600 years of service. But very thoughtful, her curiosity about everyone 0:15:39.760 --> 0:15:42.920 she met and wanting to listen to them and hear them. 0:15:43.000 --> 0:15:46.160 And when you spoke to her, you thought you were 0:15:46.200 --> 0:15:48.760 the most important person to her in the room, and 0:15:49.000 --> 0:15:53.480 she really did listen and engage with humor as well, 0:15:53.520 --> 0:15:57.960 but really strong values. But that sense of duty came 0:15:58.000 --> 0:16:01.240 across above all else, and and she remained engaged and 0:16:01.280 --> 0:16:03.720 working until the very end. So I think she just 0:16:03.760 --> 0:16:06.840 touched the hearts of people around the world and united 0:16:06.880 --> 0:16:09.880 as all as a nation. Mayor you advised the Queen. 0:16:09.960 --> 0:16:11.760 We can hear the warmth in your voice when you 0:16:11.800 --> 0:16:14.200 talk about her. What are some of your personal memories 0:16:14.200 --> 0:16:19.120 of her? Well, I was in working with the royal 0:16:19.200 --> 0:16:22.920 family and just after the death of the Princess of 0:16:22.920 --> 0:16:28.720 Wales and and it really was a difficult time, but 0:16:29.320 --> 0:16:32.120 again the wisdom that the Queen has shone through it 0:16:32.240 --> 0:16:34.280 every turn. I mean, if you look at all the 0:16:34.320 --> 0:16:37.560 things that I was in proposing and suggesting in terms 0:16:37.600 --> 0:16:41.920 of changes to the monarcure they're roll family and briefing 0:16:41.920 --> 0:16:46.640 her and cares of national life, she absolutely listened, engaged, 0:16:46.920 --> 0:16:50.760 and and kept changing and adapting the way they did things. 0:16:51.200 --> 0:16:55.640 And I think that tells I think leaders everywhere just 0:16:55.800 --> 0:16:59.720 how you keep relevant for the moment you're in because 0:16:59.840 --> 0:17:01.680 you have to look at and she did. She looked 0:17:01.720 --> 0:17:06.240 at what people wanted and needed across the country, and 0:17:06.320 --> 0:17:09.000 that was her that again, that sense of duty, that 0:17:09.000 --> 0:17:11.840 that enabled her to be there for everyone. And that's why, 0:17:12.280 --> 0:17:14.240 you know, I sort of feel she was our strength 0:17:14.320 --> 0:17:17.199 and stay through that. But I remember the first dinner 0:17:17.240 --> 0:17:20.000 that I had with her when I met her, and 0:17:20.040 --> 0:17:23.080 it was a very small private dinner and they and 0:17:23.160 --> 0:17:26.239 I just laughed the whole evening because she had so 0:17:26.280 --> 0:17:29.320 many stories to tell. She had this wealth of history 0:17:29.359 --> 0:17:31.919 behind her and the people that she had met and 0:17:32.320 --> 0:17:35.320 the situations that she'd been in, and so, you know, 0:17:35.400 --> 0:17:38.760 we she told story after story, and she definitely had 0:17:38.760 --> 0:17:42.320 a real sense of sense of humor and could really 0:17:42.359 --> 0:17:46.560 tell those stories. And and that's why everywhere she went, 0:17:47.040 --> 0:17:50.560 you know, she she loved engaging with people because those 0:17:50.600 --> 0:17:53.280 are the things that she would recount at at later times. 0:17:53.760 --> 0:17:56.840 And and it's with you know, some lots of examples 0:17:56.840 --> 0:18:01.439 of a men's kindness where she just thought of others 0:18:01.560 --> 0:18:05.040 rather than herself. Well, upon the death of Queen Elizabeth 0:18:05.520 --> 0:18:07.639 at the second, of course, the new head of state 0:18:07.920 --> 0:18:11.840 is King Charles the Third. What sort of king do 0:18:11.880 --> 0:18:15.399 you think Charles will be? Well, I think he's learned 0:18:15.440 --> 0:18:19.760 from the best, so I think her qualities will live 0:18:19.800 --> 0:18:22.840 on in in our new King and Charles the Third. 0:18:23.000 --> 0:18:26.719 And he has been by her side, supporting her, and 0:18:26.760 --> 0:18:29.760 I think that is the best learning that you could 0:18:29.880 --> 0:18:32.879 could ever have. And he's seen her deal with the 0:18:32.920 --> 0:18:37.720 good times the difficult times. He's listened to her wisdom 0:18:37.760 --> 0:18:41.960 and advice, and therefore, you know, he takes this new 0:18:42.040 --> 0:18:45.920 role on with that wealth of experience now that he 0:18:46.040 --> 0:18:49.680 has been part of in for as long as he's 0:18:49.720 --> 0:18:52.720 been been been alive, and I think that to me 0:18:53.480 --> 0:18:55.600 m And also I mean we've seen over the years 0:18:55.640 --> 0:18:59.520 where he has been involved in so many interesting campaigns 0:18:59.560 --> 0:19:02.520 where it's the incredible work he's done with the Prince's trust, 0:19:02.960 --> 0:19:08.720 or even being a real campaigner and champion of environmental change, 0:19:08.800 --> 0:19:12.480 which which he did before it was you know, something 0:19:12.520 --> 0:19:16.399 everyone else was talking about. So he certainly has led 0:19:16.440 --> 0:19:18.639 the way on on many things and I think he 0:19:18.800 --> 0:19:24.560 will absolutely in a following her footsteps and and do 0:19:24.640 --> 0:19:28.280 the country prode our. Thanks to Bloomberg Daybreak ere bankers 0:19:28.320 --> 0:19:32.679 Caroline Hecker and Stephen Carroll for that conversation with Mary McLeod, 0:19:32.800 --> 0:19:36.280 a former parliament member and advisor to Queen Elizabeth. The 0:19:36.320 --> 0:19:39.359 second stay with US for continuing coverage on the death, 0:19:39.520 --> 0:19:43.879 life and legacy of the Queen as Bloomberg Daybreak America's 0:19:44.080 --> 0:19:47.720 continues here on Bloomberg Radio. Looking ahead to the market, 0:19:47.760 --> 0:19:50.920 open futures are moving higher. We have SMP futures up 0:19:50.960 --> 0:19:55.080 thirty three points, the futures up two, NASAC futures on 0:19:55.119 --> 0:19:58.320 the rise by one points. The tenure treasury is up 0:19:58.359 --> 0:20:01.119 twelve thirty seconds, the old close to three points to 0:20:01.320 --> 0:20:08.479 seven per seven. This is Bloomberg Bloomberg eleven three oh 0:20:08.480 --> 0:20:11.080 weather mostly sunny, the high near eighty degrees today, will 0:20:11.119 --> 0:20:14.640 have increasing clouds tomorrow afternoon, hazy highs in the low eighties. 0:20:14.960 --> 0:20:17.399 Probably the mostly cloudy Sunday with highs in the low eighties. 0:20:17.480 --> 0:20:23.680 Right now sixty four in Central Park, broadcasting live from 0:20:23.680 --> 0:20:27.800 the Bloomberg Interactive Broker Studio in New York. Bloomberg evan 0:20:27.840 --> 0:20:31.520 CREO to Washington, d C, Bloomberg N one to Boston, 0:20:31.640 --> 0:20:35.040 Bloomberg one O six one to San Francisco, Bloomberg NOM 0:20:35.119 --> 0:20:38.200 sixty to the country, Sirius XM CHO one nine ten, 0:20:38.320 --> 0:20:41.480 and around the globe the Bloomberg Business app and Bloomberg 0:20:41.560 --> 0:20:51.280 Radio dot Com. This is Bloomberg daybreak. It's five thirty 0:20:51.280 --> 0:20:53.919 on Wall Street. Good morning. I'm Nathan Hagar and I'm 0:20:54.000 --> 0:20:56.960 Kared Moscow. We are just about four hours away from 0:20:57.000 --> 0:20:59.280 the open of US trading. Let's get you after date 0:20:59.320 --> 0:21:01.040 of the news you need to know at this hour. 0:21:01.280 --> 0:21:04.320 Reactions still pouring into the death of Queen Elizabeth the 0:21:04.400 --> 0:21:08.280 Second Britain is the longest reigning monarch, passed away peacefully 0:21:08.320 --> 0:21:11.920 at Balmoral at Balmoral Council in Scotland yesterday at the 0:21:11.960 --> 0:21:14.760 age of ninety six. Prime Minister lest Trust was the 0:21:14.800 --> 0:21:16.840 first to pay honor to the life and work of 0:21:16.880 --> 0:21:20.440 the Queen. With the passing of the Second Elizabethan age, 0:21:20.880 --> 0:21:24.040 we are sha in a new era in the magnificent 0:21:24.200 --> 0:21:28.760 history of our great country, exactly as her Majesty would 0:21:28.800 --> 0:21:33.120 have wished by saying the words God Save the King. 0:21:33.480 --> 0:21:36.000 Prime Minister lesz Trust called the Queen the rock on 0:21:36.040 --> 0:21:39.160 which modern Britain was built, and King Charles now ascends 0:21:39.240 --> 0:21:41.760 to the throne, a process that will be formalized in 0:21:41.800 --> 0:21:44.800 a ceremony tomorrow. Karen the Queen is being honored by 0:21:44.800 --> 0:21:48.280 world leaders and public figures far and wide, being remembered 0:21:48.320 --> 0:21:51.359 fondly for her poise and Grace. We spoke with former 0:21:51.440 --> 0:21:54.720 U S Ambassador Anthony Gardner about the Queen's legacy. She 0:21:54.960 --> 0:21:58.440 was respectful the limits of her office, but she understood 0:21:58.480 --> 0:22:03.120 also that she could act society significant influence by being 0:22:03.160 --> 0:22:07.639 a symbol, by being a steady hand at moments that 0:22:07.680 --> 0:22:11.119 were pretty turbulent, a model of public service. And I 0:22:11.160 --> 0:22:15.240 think you know that that resonates especially today. Queen Elizabeth's 0:22:15.240 --> 0:22:19.240 reigns spanned fifteen prime ministers. She marked seventy years on 0:22:19.280 --> 0:22:22.440 the throne just this year. Well, now, Nathan, King Charles 0:22:22.440 --> 0:22:24.879 the Third ascent to the top of the monarchy. The 0:22:25.000 --> 0:22:28.360 formal proclamation is expected tomorrow and will be followen by 0:22:28.400 --> 0:22:31.359 a speech by the new King. Jonathan Spangler is a 0:22:31.440 --> 0:22:36.560 Royal historian and senior lecturer at Manchester Metropolitan University. It 0:22:36.640 --> 0:22:38.879 will be very interesting over the next couple of months 0:22:38.920 --> 0:22:42.080 to see how much King Charles the Third wants to 0:22:42.200 --> 0:22:44.880 change things. But I have to say that a lot 0:22:44.920 --> 0:22:47.080 of the changes I think have already been made. The 0:22:47.119 --> 0:22:50.520 slimming down of those who actually work and are paid 0:22:50.560 --> 0:22:53.040 to work in the British country and around around the 0:22:53.040 --> 0:22:57.000 world has been significantly reduced, and the amounts of ceremonial 0:22:57.359 --> 0:23:00.560 that the family does it. States Day activity says also 0:23:00.880 --> 0:23:05.000 quite significantly been reduced. Jonathan Spangler is a Royal historian 0:23:05.080 --> 0:23:09.399 and senior lecturer at Manchester Metropolitan University. Stay tuned for 0:23:09.560 --> 0:23:13.440