Speaker 1: Live from the Bloomberg Interactive Brooker's Studios. This is is Bloomberg
Speaker 1: Daybreak for Friday, September nine. Coming up this hour, the
Speaker 1: world remembers Queen Elizabeth the Second. Leads across the globe
Speaker 1: pay their respect to her historic rain and her legacy.
Speaker 1: The UK marks the end of an era at the
Speaker 1: start of ten days of mourning, and King Charles prepares
Speaker 1: to ascend to the throne, the oldest person to do
Speaker 1: so in British history. The Justice Department will appeal that
Speaker 1: Trump's Special Master Order and Governor Murphy take same at
Speaker 1: Manhattan's congestion pricing plan. I'm John Tucker. Those stories straight ahead.
Speaker 1: I'm John Stashon sports, a Yankee rally came up short
Speaker 1: against the Twins. That Bills beat the Rams to kick
Speaker 1: off the NFL season. That's all training ahead on Bloomberg
Speaker 1: Daybreak on Bloomberg eleven three on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one oh six one, Boston, Bloomberg nine
Speaker 1: sixties and frances Go Syrius Exam one nineteen and around
Speaker 1: the world on Bloomberg Radio dot Com and via The
Speaker 1: Bloomberg Business. Good Morning, I'm Nathan Hagar and I'm Karen Moscow.
Speaker 1: Any US futures are higher this morning. We are coming
Speaker 1: up to five o one on Wall Street and we
Speaker 1: check the markets every fifteen minutes throughout the trading day.
Speaker 1: On Bloomberg, U S and P futures up thirty three
Speaker 1: points this morning. Death futures have two two and as
Speaker 1: day futures up one. Six ten year treasury up ten
Speaker 1: thirty seconds. You have three point to seven percent, Nathan Karen.
Speaker 1: Reaction continues to pour in this morning. Following the death
Speaker 1: of Queen Elizabeth the Second, Britain's longest reigning monarch, passed
Speaker 1: away peacefully at Balmoral Castle in Scotland yesterday. She was
Speaker 1: ninety six years old. Prime Minister Liz Trust was first
Speaker 1: to pay honor to the life and work of the Queen.
Speaker 1: Queen Elizabeth the Second leaves a great legacy. Today the
Speaker 1: crown passes as it has done for more than a
Speaker 1: thousand years, to our new monarch. On you had to
Speaker 1: state his Majesty, King Charles the Third. Prime Minister Liz
Speaker 1: Trust called the Queen the rock on which modern Britain
Speaker 1: was built. Trust was appointed by the Queen just this week. Well,
Speaker 1: Nathan Leaders across the world, they're also paying their respect
Speaker 1: to the Queen. Here in the US, President Joe Biden
Speaker 1: addressed the loss at a reception for the Democratic National
Speaker 1: Committee in Maryland. The opportunity to meeter before she passed,
Speaker 1: and she was an incredibly gracious and decent woman. The
Speaker 1: thoughts and prayers of the American people are with the
Speaker 1: people of the United Kingdom and the Commonwealth and their grief.
Speaker 1: Hillary Clinton is also remembering her majesty. The former First
Speaker 1: Lady and Secretary of State says she was lucky enough
Speaker 1: to meet her Majesty on several occasions. She was a curious,
Speaker 1: highly intelligent person who really wanted to learn, uh, what
Speaker 1: you knew and how it would fit into the world.
Speaker 1: All back in the UK, there's been a profound loss felt.
Speaker 1: In Scotland, First Minister Nicolas Sturgeon described the death of
Speaker 1: the Queen as a moment of acute loss and sadness.
Speaker 1: For more than seventy years, Queen Elizabeth has been the
Speaker 1: great constant in our national life. She has inspired us
Speaker 1: on occasion comfort he does and always personified values we
Speaker 1: hold dear and In Canada, Prime Minister Justin Trudeau delivered
Speaker 1: a poignant speech on the legacy of the Queen and
Speaker 1: her importance to him and his country in a complicated world.
Speaker 1: Her steady grace and resolve brought comfort and strength to us.
Speaker 1: All Canada is in mourning. She was one of my
Speaker 1: favorite people in the world and I will miss herself.
Speaker 1: Prime Minister Justin Trudeau says he's in disbelief over her
Speaker 1: death and that Canada is in mourning. Well, Karen. Outside
Speaker 1: of world leaders, we're hearing from people who had a
Speaker 1: close personal relationship with the Queen. We spoke with former
Speaker 1: advisor to the Queen Mary McLeod, who says her majesty
Speaker 1: was an empowering role model. She will be remembered. I
Speaker 1: think really as an as an inspiration and I grew
Speaker 1: up thinking I could achieve anything. There was a female monarch,
Speaker 1: of female prime minister. I mean it's really she has
Speaker 1: been there for for everyone throughout their lives and as
Speaker 1: her to Walsh in her life of service, a real
Speaker 1: selfless leader is how I think everyone is is remembering her.
Speaker 1: Mary McLeod is a former Member of Parliament and adviser
Speaker 1: to Queen Elizabeth the Second Stay tuned for War of
Speaker 1: that conversation coming up shortly on Bloomberg Daybreak, Well, Nathan,
Speaker 1: The death of the Queen kicks off ten days of
Speaker 1: mourning in the UK, and we get the details on
Speaker 1: that from Bloomberg Daybreak Europe anchor Caroline Hecker, who joins
Speaker 1: us live from London and Caroline, good morning, Good morning,
Speaker 1: Karen and Nathan. We had all perhaps prepared ourselves for
Speaker 1: the death of the Queen, but when it came it
Speaker 1: was still a shock and a moment of grief. For
Speaker 1: many flags are now flying at half. Mass tributes from
Speaker 1: politicians at home and abroad for her long reign and
Speaker 1: particularly her dedication to public service of being made in
Speaker 1: the coming days. The Queen's body will return from Scotland
Speaker 1: to London. She will lie in state in Westminster Hall,
Speaker 1: in the heart of Parliament, where the public will be
Speaker 1: able to pay their own respects to the monarch of
Speaker 1: seventy years. We have no date yet, but the state
Speaker 1: funeral for the Queen will take place at Westminster Abbey
Speaker 1: with markets closed, in the very place where Elizabeth Alexandra
Speaker 1: Mary wins A married Prince Philip in ninety seven, and
Speaker 1: where she was crowned Queen in nineteen fifty three, Live
Speaker 1: in London. I'm Caroline Hepkeer Bloomberg Radio. Thanks for the Caroline,
Speaker 1: And there's also the future of the monarchy to consider
Speaker 1: at this moment. Charles the Third will soon be formally
Speaker 1: proclaimed king in a ceremony dating back hundreds of years,
Speaker 1: and Bloomberg gave breakure. Banker Stephen Carroll, who also joins
Speaker 1: us now from London, has the details on that. Stephen,
Speaker 1: good morning, Good morning, Nathan and Kareny. At the meeting
Speaker 1: of the Accession Counselors that's nown due to take place tomorrow,
Speaker 1: with that form of proclamation will take place the group
Speaker 1: that includes members of the Privy Council, historically the sovereign's
Speaker 1: most trusted advisers. Also present will be officials in the
Speaker 1: City of London and from the Commonwealth. At seventy three,
Speaker 1: Charles is the oldest person who exceeds the throne in
Speaker 1: British history. He'll now have to steer the monarchy in
Speaker 1: a country that's altered beyond recognition since his mother's succession
Speaker 1: in nineteen fifty two. Live in London. I'm Stephen Carroll,
Speaker 1: Bloomberg daybreak right, Stephen, thank you, and King Charles now
Speaker 1: has big shoes to fill, taking over from the longest
Speaker 1: reigning monarch in British history. We get perspective now from
Speaker 1: Anthony Gardner, former US Ambassador to the European Union under
Speaker 1: President Obama. Well, I think he will try to respect
Speaker 1: something of the recipe of what made her a success.
Speaker 1: It may be difficult because he is a person with
Speaker 1: the views and by the way, I think he's underestimated.
Speaker 1: He said things and believe things well before they were
Speaker 1: widely believed or said. I'm thinking of certainly the environment
Speaker 1: well before his time, well before his time. Former US
Speaker 1: MS it are Anthony Gardner was against on Bloomberg Sound
Speaker 1: On with Joe Matthew. Catch the program weekdays at five
Speaker 1: pm Eastern on Bloomberg Radio. All right, let's look ahead
Speaker 1: to the market. Open Karen SMP futures right now. We're
Speaker 1: up thirty two points, STAFF futures hire by two and
Speaker 1: at thirty nine NAZAC futures up one d twenty three points.
Speaker 1: You're listening to Bloomberg Daybreak And at five oh seven
Speaker 1: on Wall Street where at sixty four degrees in Central Park,
Speaker 1: still clearing out some construction on the upper level of
Speaker 1: the George Washington Bridge might want to take the lower
Speaker 1: end at the moment. Get to the details in traffic First.
Speaker 1: John Tucker is here with what else is going on
Speaker 1: in New York and around the world. John, Good morning,
Speaker 1: Good morning, Nathan. The US Justice Department will appeal the
Speaker 1: Trump's special master order. Let's get the tails of this
Speaker 1: report from Bloomberg's Jeff Bellinger. The d o J filed
Speaker 1: the notice of appeal with the U. S District Court
Speaker 1: in the Southern District of Florida. They are asking the
Speaker 1: higher court to reverse a federal judge's order for a
Speaker 1: special master to review documents the f b I seized
Speaker 1: from former President Donald Trump's Florida home. The Department says
Speaker 1: the ruling has impeded a review of the potential national
Speaker 1: security impact. The Department also is seeking emergency approval to
Speaker 1: continue using the classified materials that were removed from our
Speaker 1: lago as part of its ongoing criminal investigation into whether
Speaker 1: Trump mishandled government records. In a decision roundly criticized by
Speaker 1: legal experts, US District Judge Eileen Cannon granted Trump's request
Speaker 1: for a so called special master and temporarily barred the
Speaker 1: government from using the documents to develop its criminal investigation.
Speaker 1: Jeff Bellinger Bloombird Daybreak. He's shaving up to be a
Speaker 1: border war of words. New Jersey Governor Phil Murphy says
Speaker 1: New York City's congestion pricing proposal can't be on the
Speaker 1: backs of New Jersey commuters. I'm going to stand up
Speaker 1: and I will not rolet on behalf of our our
Speaker 1: taxpayers intributers. Murphy's speaking of Bloomberg's balance of power with
Speaker 1: David Weston. New York City is moving toward Manhattan congestion
Speaker 1: traffic pricing with a proposed toll of as much as
Speaker 1: twenty three dollars. Former White House strategy to See Bannon
Speaker 1: vows to fight New York state case accusing him of
Speaker 1: defrauding thousands of contributors to a privately funded US Mexico
Speaker 1: border wall of more than fifteen million dollars. Bennon pleading
Speaker 1: not guilty the money laundering, fraud, and conspiracy charges and
Speaker 1: walking into a Low Manhattan courtroom in handcuffs. It was
Speaker 1: released after turning over his passport, and satellite providers are
Speaker 1: being told to clean up after themselves under proposal issued
Speaker 1: by the Federal Communications Commission operators will need to bring
Speaker 1: satellites down from orbit within five years of their ending service,
Speaker 1: compared with the current requirement of twenty five years. Regulators
Speaker 1: are concerned with a proliferation of orbiting space junk in
Speaker 1: a new generation of thousands of satellites. Global news twenty
Speaker 1: four hours day on Erin on Bloomber Quicktake were powered
Speaker 1: by more than twenty seven hundred journalists and analysts in
Speaker 1: more than one D twenty countries on John's Sucker Disease
Speaker 1: Bloomberg Nathan, Thank you John, coming up to five ten
Speaker 1: on Wall Street. Let's get with the Bloomberg sports update.
Speaker 1: Here's John stanhow thanks Nathan. Yankees began today placing yet
Speaker 1: another key player on their very crowded injured list. He's
Speaker 1: Ala May, who has been struggling playing with the bad Toes.
Speaker 1: Another makeshift line up, Isaiah Kiner Felfa was the yankst
Speaker 1: clean up hitter. Marwin Gonzalez bat at fifth. They got
Speaker 1: early two on homer from Miguel and do Are, but
Speaker 1: the Twins tie the game fifth inning, and then in
Speaker 1: the eighth one to pitch a floodball left field and
Speaker 1: deep packet goals. Deep It goals and God Carlos Carea,
Speaker 1: there's his signature moment. Biggest swing is a twin go
Speaker 1: ahead eighth inning two run homer and the Twins tick
Speaker 1: of four too late t b in the call Yanks
Speaker 1: guy at runner the eighth had the bases loaded with
Speaker 1: one out bottom of the ninth failed to score. Minnesota
Speaker 1: won for three to avoid getting sweat. Big series starts
Speaker 1: tonight at the Stadium. Tampa Bay comes in having won
Speaker 1: fourteen the last sevent team, the Razor, four and a
Speaker 1: half games behind the Yanks. Mets start the weekend half
Speaker 1: game ahead of Atlanta. Mets tonight visit in Miami. The
Speaker 1: MLB Competition Committee expect you to vote today on significant
Speaker 1: rule changes for next season, like the implementation of a
Speaker 1: pitch clock and the elimination of defensive shifts. Ons. Jabbiro
Speaker 1: Tunisia and Igosian take of Poland the semifinal winners at
Speaker 1: the US Open. They'll play tomorrow for the women's singles title.
Speaker 1: Now it's the men's semis highlighted by the mass Tonight
Speaker 1: the American for instance TFO against the young Spaniard Carlos Elkaz.
Speaker 1: Buffalo Bills nearly made to the super Bowl last season,
Speaker 1: favorite of many to get there. This year, they opened
Speaker 1: up in l A with a thirty one to ten
Speaker 1: a rout of the defending Super Bowl champion Rams. Josh
Speaker 1: Allen threw for nearly three hundred yards three touchdowns while
Speaker 1: Matthew Stafford was intercepted three times. John stash that we're
Speaker 1: Bloomberg Sports, Nathan, thank you, john S andp Futures right
Speaker 1: now up thirty three points, Stound Features up two D
Speaker 1: fifty one, nest A Futures up a hundred twenty eight points.
Speaker 1: Stay with us as our special coverage on the life
Speaker 1: and legacy of the late Queen Elizabeth. The second continue
Speaker 1: is right here on Bloomberg Daybreak Bloomberg eleven three oh weather.
Speaker 1: Sunshine today with a high near eighty degrees, increasing clouds
Speaker 1: tomorrow afternoon. It's gonna be hazy with highs in the
Speaker 1: low eighties, probably the mostly cloudy low eighties for Sunday.
Speaker 1: Right now sixty five degrees in Central Park Markets. Headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot Com, the Bloomberg Business Outland at Bloomberg Quick Tape.
Speaker 1: This is a Bloomberg Business Flash and I'm Karen, Moscow
Speaker 1: futures higher this morning. We check the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg, SNP futures up
Speaker 1: thirty two points, a down, futures up two five, Nash
Speaker 1: Day futures up a hundred twenty six, and the Tenure
Speaker 1: Treasury up eleven thirty seconds. He know, three point to
Speaker 1: seven percent. That's a Bloomberg business flash. Now here's John
Speaker 1: Tucker with more on what's going on around the world. John,
Speaker 1: Good morning, Karen. Charles, the elders of Queen Elizabeth's four
Speaker 1: children will be formally proclaimed King of England in a
Speaker 1: ceremony tomorrow. He becomes the oldest person to ascend to
Speaker 1: the throne. Here in the US, the Justice Department will
Speaker 1: appeal a federal judges order for a special Master in
Speaker 1: the Trump documents case. The d o J says the
Speaker 1: ruling towards the review of the potential national security impact.
Speaker 1: Sports NFL season kicked off last night with Bills beating
Speaker 1: the reigning champion Rams thirty one to ten. Yankees filled
Speaker 1: to the Twins four to three, the Nationals one of
Speaker 1: the Cardinals, Reds beat Cobs. Marlon's beat the Phillies, the
Speaker 1: White Sox one big over the A's, and the Brewers
Speaker 1: swept the Giants in a doubleheader Global news twenty four
Speaker 1: hours a day on Era and on Bloomberg Quicktake. We're
Speaker 1: powered by more than hundred journalists and analysm more than
Speaker 1: one d twenty countries. I'm John Tucker, and this is
Speaker 1: Bloomberg Nathan. John. Thank you for coming up to five
Speaker 1: nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak and Morning on Nathan Hagar. Let's
Speaker 1: get more perspective now and the life, legacy and the
Speaker 1: death of Queen Elizabeth the Second. We've been speaking with experts,
Speaker 1: historians and some of those who knew the queen personally.
Speaker 1: Bloomberg Daybreak Europe bankers Caroline Hecker and Stephen Carroll have
Speaker 1: been leading our coverage. Will hand it over to them
Speaker 1: now for a discussion with a former parliament member who
Speaker 1: knew the queen quite well. Joining us now is Mary McLeod,
Speaker 1: who is a former Member of Parliament and policy adviser
Speaker 1: to Queen Elizabeth the Second. Good morning, Mary, thank you
Speaker 1: so much for being with us. It is a sad
Speaker 1: and a historic moment for the people of Britain. How
Speaker 1: in your view will the Queen be remembered, Well, it's
Speaker 1: absolutely a real deep sense of loss across the United
Speaker 1: Kingdom and you know, or most of us, and she's
Speaker 1: been there throughout her whole lives, so we have had
Speaker 1: that steadfastness unseen a hern and she tried with her
Speaker 1: of course, such a history of not just this country,
Speaker 1: bit of countries are around the world too. But she
Speaker 1: will be remembered I think really as an as an
Speaker 1: inspiration and I mean I grew up thinking I could
Speaker 1: achieve anything. There was a female monarch, our female prime minister.
Speaker 1: I mean it's really she has been there for for
Speaker 1: everyone throughout their lives, and it's her devotion in her
Speaker 1: life of service. A real selfless leader is how I
Speaker 1: think everyone is is remembering her. But it's her humility,
Speaker 1: her dignity, her grace, her warmth, her kindness, that dedication
Speaker 1: and the wisdom that came with it from all those
Speaker 1: years of service. But very thoughtful, her curiosity about everyone
Speaker 1: she met and wanting to listen to them and hear them.
Speaker 1: And when you spoke to her, you thought you were
Speaker 1: the most important person to her in the room, and
Speaker 1: she really did listen and engage with humor as well,
Speaker 1: but really strong values. But that sense of duty came
Speaker 1: across above all else, and and she remained engaged and
Speaker 1: working until the very end. So I think she just
Speaker 1: touched the hearts of people around the world and united
Speaker 1: as all as a nation. Mayor you advised the Queen.
Speaker 1: We can hear the warmth in your voice when you
Speaker 1: talk about her. What are some of your personal memories
Speaker 1: of her? Well, I was in working with the royal
Speaker 1: family and just after the death of the Princess of
Speaker 1: Wales and and it really was a difficult time, but
Speaker 1: again the wisdom that the Queen has shone through it
Speaker 1: every turn. I mean, if you look at all the
Speaker 1: things that I was in proposing and suggesting in terms
Speaker 1: of changes to the monarcure they're roll family and briefing
Speaker 1: her and cares of national life, she absolutely listened, engaged,
Speaker 1: and and kept changing and adapting the way they did things.
Speaker 1: And I think that tells I think leaders everywhere just
Speaker 1: how you keep relevant for the moment you're in because
Speaker 1: you have to look at and she did. She looked
Speaker 1: at what people wanted and needed across the country, and
Speaker 1: that was her that again, that sense of duty, that
Speaker 1: that enabled her to be there for everyone. And that's why,
Speaker 1: you know, I sort of feel she was our strength
Speaker 1: and stay through that. But I remember the first dinner
Speaker 1: that I had with her when I met her, and
Speaker 1: it was a very small private dinner and they and
Speaker 1: I just laughed the whole evening because she had so
Speaker 1: many stories to tell. She had this wealth of history
Speaker 1: behind her and the people that she had met and
Speaker 1: the situations that she'd been in, and so, you know,
Speaker 1: we she told story after story, and she definitely had
Speaker 1: a real sense of sense of humor and could really
Speaker 1: tell those stories. And and that's why everywhere she went,
Speaker 1: you know, she she loved engaging with people because those
Speaker 1: are the things that she would recount at at later times.
Speaker 1: And and it's with you know, some lots of examples
Speaker 1: of a men's kindness where she just thought of others
Speaker 1: rather than herself. Well, upon the death of Queen Elizabeth
Speaker 1: at the second, of course, the new head of state
Speaker 1: is King Charles the Third. What sort of king do
Speaker 1: you think Charles will be? Well, I think he's learned
Speaker 1: from the best, so I think her qualities will live
Speaker 1: on in in our new King and Charles the Third.
Speaker 1: And he has been by her side, supporting her, and
Speaker 1: I think that is the best learning that you could
Speaker 1: could ever have. And he's seen her deal with the
Speaker 1: good times the difficult times. He's listened to her wisdom
Speaker 1: and advice, and therefore, you know, he takes this new
Speaker 1: role on with that wealth of experience now that he
Speaker 1: has been part of in for as long as he's
Speaker 1: been been been alive, and I think that to me
Speaker 1: m And also I mean we've seen over the years
Speaker 1: where he has been involved in so many interesting campaigns
Speaker 1: where it's the incredible work he's done with the Prince's trust,
Speaker 1: or even being a real campaigner and champion of environmental change,
Speaker 1: which which he did before it was you know, something
Speaker 1: everyone else was talking about. So he certainly has led
Speaker 1: the way on on many things and I think he
Speaker 1: will absolutely in a following her footsteps and and do
Speaker 1: the country prode our. Thanks to Bloomberg Daybreak ere bankers
Speaker 1: Caroline Hecker and Stephen Carroll for that conversation with Mary McLeod,
Speaker 1: a former parliament member and advisor to Queen Elizabeth. The
Speaker 1: second stay with US for continuing coverage on the death,
Speaker 1: life and legacy of the Queen as Bloomberg Daybreak America's
Speaker 1: continues here on Bloomberg Radio. Looking ahead to the market,
Speaker 1: open futures are moving higher. We have SMP futures up
Speaker 1: thirty three points, the futures up two, NASAC futures on
Speaker 1: the rise by one points. The tenure treasury is up
Speaker 1: twelve thirty seconds, the old close to three points to
Speaker 1: seven per seven. This is Bloomberg Bloomberg eleven three oh
Speaker 1: weather mostly sunny, the high near eighty degrees today, will
Speaker 1: have increasing clouds tomorrow afternoon, hazy highs in the low eighties.
Speaker 1: Probably the mostly cloudy Sunday with highs in the low eighties.
Speaker 1: Right now sixty four in Central Park, broadcasting live from
Speaker 1: the Bloomberg Interactive Broker Studio in New York. Bloomberg evan
Speaker 1: CREO to Washington, d C, Bloomberg N one to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg NOM
Speaker 1: sixty to the country, Sirius XM CHO one nine ten,
Speaker 1: and around the globe the Bloomberg Business app and Bloomberg
Speaker 1: Radio dot Com. This is Bloomberg daybreak. It's five thirty
Speaker 1: on Wall Street. Good morning. I'm Nathan Hagar and I'm
Speaker 1: Kared Moscow. We are just about four hours away from
Speaker 1: the open of US trading. Let's get you after date
Speaker 1: of the news you need to know at this hour.
Speaker 1: Reactions still pouring into the death of Queen Elizabeth the
Speaker 1: Second Britain is the longest reigning monarch, passed away peacefully
Speaker 1: at Balmoral at Balmoral Council in Scotland yesterday at the
Speaker 1: age of ninety six. Prime Minister lest Trust was the
Speaker 1: first to pay honor to the life and work of
Speaker 1: the Queen. With the passing of the Second Elizabethan age,
Speaker 1: we are sha in a new era in the magnificent
Speaker 1: history of our great country, exactly as her Majesty would
Speaker 1: have wished by saying the words God Save the King.
Speaker 1: Prime Minister lesz Trust called the Queen the rock on
Speaker 1: which modern Britain was built, and King Charles now ascends
Speaker 1: to the throne, a process that will be formalized in
Speaker 1: a ceremony tomorrow. Karen the Queen is being honored by
Speaker 1: world leaders and public figures far and wide, being remembered
Speaker 1: fondly for her poise and Grace. We spoke with former
Speaker 1: U S Ambassador Anthony Gardner about the Queen's legacy. She
Speaker 1: was respectful the limits of her office, but she understood
Speaker 1: also that she could act society significant influence by being
Speaker 1: a symbol, by being a steady hand at moments that
Speaker 1: were pretty turbulent, a model of public service. And I
Speaker 1: think you know that that resonates especially today. Queen Elizabeth's
Speaker 1: reigns spanned fifteen prime ministers. She marked seventy years on
Speaker 1: the throne just this year. Well, now, Nathan, King Charles
Speaker 1: the Third ascent to the top of the monarchy. The
Speaker 1: formal proclamation is expected tomorrow and will be followen by
Speaker 1: a speech by the new King. Jonathan Spangler is a
Speaker 1: Royal historian and senior lecturer at Manchester Metropolitan University. It
Speaker 1: will be very interesting over the next couple of months
Speaker 1: to see how much King Charles the Third wants to
Speaker 1: change things. But I have to say that a lot
Speaker 1: of the changes I think have already been made. The
Speaker 1: slimming down of those who actually work and are paid
Speaker 1: to work in the British country and around around the
Speaker 1: world has been significantly reduced, and the amounts of ceremonial
Speaker 1: that the family does it. States Day activity says also
Speaker 1: quite significantly been reduced. Jonathan Spangler is a Royal historian
Speaker 1: and senior lecturer at Manchester Metropolitan University. Stay tuned for
Speaker 1: more of that conversation coming up shortly on Bloomberg Daybreak.
Speaker 1: Right now, SMP futures caring are up thirty two points
Speaker 1: down futures up two one and NAZDAC features are hired
Speaker 1: by a hundred twenty nine points. The ten year treasury
Speaker 1: is up eleven thirty seconds. The yield now three point
Speaker 1: to seven percent, yield on the two year three point
Speaker 1: four seven percent. Straight ahead, we'll bring you your latest
Speaker 1: local headlines and a check of sports. This is Bloomberg,
Speaker 1: thirty three on Wall Street, sixty four degrees in Central Park.
Speaker 1: Constructions got the New Jersey Turnpike truck lanes closed both ways.
Speaker 1: Details coming up in traffic. First John Tucker with what
Speaker 1: else is going on in New York and around the world?
Speaker 1: John Nathan a warning from New Jersey to New York
Speaker 1: stop plants for congestion pricing. Let's get this story from
Speaker 1: Bloomberg's Lisa Mateo. New Jersey Governor Phil Murphy tells Bloomberg,
Speaker 1: New York City's congestion pricing proposal would be a huge
Speaker 1: burden on commuters. Not that I'm against bet against against pollution.
Speaker 1: We're all for that, but it can't be taken out
Speaker 1: of the backs of New Jersey commuter. Murphy was on
Speaker 1: Bloomberg's Balance of Power with David weston Manhattan congestion traffic
Speaker 1: pricing would have a proposed per car toll of as
Speaker 1: much as twenty three dollars. People driving from New Jersey
Speaker 1: paytrolls at three river crossings, and Murphy has said he
Speaker 1: would block any attempt to charge them twice Lisa Mateo
Speaker 1: Bloomberg Daybreak. President Biden took a McDonald Trump for promising
Speaker 1: Departon rioters who attacked the capital and warrent voters against
Speaker 1: putting Trump's followers in charge of the House or Senate
Speaker 1: in November's elections. Those who love this country, democrats, independence,
Speaker 1: and mainstream Republicans have to be stronger, more determined, more
Speaker 1: committed to saving American democracy than the magi Republicans are
Speaker 1: to literally destroy an American party. He spent bunch of
Speaker 1: an address at the National Harbor Resort assailing the former
Speaker 1: president and those who continue to back him. After the
Speaker 1: insurrection of January six, the Justice Department will appeal a
Speaker 1: federal judge's order for a special master to review documents
Speaker 1: the FBI c s from former President Trump's Florida home.
Speaker 1: They say the ruling has thwarted a review of the
Speaker 1: potential national security impact. A Ukrainian counter offensive appears to
Speaker 1: be progressing. This morning. Ukrainian officials and Russian military blockers
Speaker 1: alike described the counter offensive in the north that is
Speaker 1: surprised in its speed, the first time since the war
Speaker 1: that began, that the Ukrainian forces have been able to
Speaker 1: push past Russian defenses on a more than tactical level.
Speaker 1: Global News twenty four hours a day on Aaron on
Speaker 1: Bloomberg Quicktake. We're powered by more than twenty seven hundred
Speaker 1: journalists and the analysts in more than one twenty countries.
Speaker 1: I'm John Tucker, and this is Bloomberg Nathan. Thank you,
Speaker 1: John on Wall Street. Time for the Bloomberg's or It's update.
Speaker 1: Here's John. Thanks Dathan. Yankees for going for four game
Speaker 1: sweep with the Twins. They took an early lead on
Speaker 1: Miguel and do our two run homer Minnesota went ahead
Speaker 1: on Carlos careas two run shot in the eighth. Yanks
Speaker 1: got closer, but they left the tying run at third
Speaker 1: base in both the eighth and ninth innings. Minnesota with
Speaker 1: a rare win over the Yanks four to three, so
Speaker 1: the Yankee lead over Tampa Bay is four and a half.
Speaker 1: They host the red Hot raised tonight Metzer in Miami
Speaker 1: at the US Open. Easy semifinal win for Ans Jabir
Speaker 1: of Tunisia needed just over an hour. She'll face the
Speaker 1: top seeded Eigas Giantek in tomorrow's women's Finalsante lost the
Speaker 1: first set with the Arena Sabolenka and was down a
Speaker 1: break in the third before she rallied to win. Francis
Speaker 1: Tiafo takes center stage tonight at ar Thresh stating the
Speaker 1: first American and it grants them men's semifinals its two
Speaker 1: thousand and nine. He'll play Carlos Alcarez and Tiafa will
Speaker 1: have home court advantage playing in front of that crowd. Um,
Speaker 1: like you know that's why you trained hard, and um, um,
Speaker 1: don't shy away from and go to it. And I
Speaker 1: love playing front of back people. I love you know
Speaker 1: I can do first man Semi This after and Cassiper
Speaker 1: route of Norway against Karen kitschn Off. When you went
Speaker 1: the super Boy get to host the first game of
Speaker 1: the following season to the Rams back in the same
Speaker 1: stadium when they wanted a Buffalo dominated the second half,
Speaker 1: won the season open a thirty one to ten a
Speaker 1: game of seven turnovers. Josh Allen threw for nearly three
Speaker 1: d yards three touchdowns. He ran for fifty six yards
Speaker 1: and another score w NBA Playoffs, The Connecticut Son finished
Speaker 1: the game an eighteen nothing run, one of the sights
Speaker 1: of Game five with defending champs Chicago will now play
Speaker 1: Las Vegas for the title. John Stash, Howard Bloomberg sports Nathan,
Speaker 1: Thank you John. It's seven on Wall Street time for
Speaker 1: the Tri State Business Report. Here's Bloomberg's at Cory Manhattan
Speaker 1: Landlord GFP. Really State is dangling free tickets to the
Speaker 1: Giants and Gents games. The lure workers back to their offices.
Speaker 1: Employees of Tenants and g FPS buildings, which include five
Speaker 1: Eighth Avenue in fifteen sixty Broadway, can enter daily to
Speaker 1: win tickets to regular season home games. Amazon chief execut
Speaker 1: to Officer Andy Jansey says the company's efforts to overturn
Speaker 1: a union victory in a New York warehouse will take
Speaker 1: a long time to play out. It's an indication that
Speaker 1: the e commerce giant plans to contest that election vigorously.
Speaker 1: Meta Platforms rebrand from Facebook allegedly infringes the trademark of
Speaker 1: investment advisory service Meta Capital Management. That's according to a
Speaker 1: lawsuit filed Wednesday. New York based Meta Capital is demanding
Speaker 1: that at least sixty million dollars and damages be paid
Speaker 1: the amount of Meta paid to buy the trademark from
Speaker 1: Meta Financial Group. That your Bloomberg Trying State Business Report.
Speaker 1: IM D Corey, Thank you at It's five thirty eight
Speaker 1: on Wall Street. Bloomberg Radio is on the Earth from
Speaker 1: San Francisco to New York, London to Hong Kong. Let's
Speaker 1: check in with our global news team for some of
Speaker 1: the top stories heard on our three hundred affiliate radio
Speaker 1: stations around the world. M Corney, Donaho on ker l
Speaker 1: D and Dallas Aviation unions are calling for unified action
Speaker 1: to tackle travel challenges. I'm Denise Peloguini at on w
Speaker 1: b Z in Boston. I'm reporting on weakening demanded firearms
Speaker 1: maker Smith and Wesson. I'm Caroline HEADGILM Bloomberg d a
Speaker 1: B Digital Radio in London, Whipping reporting on reactions to
Speaker 1: the death of Britain's longest serving monitch, Queen Elizabeth the Second.
Speaker 1: I'm d Corey on w w J in Detroit. I'm
Speaker 1: reporting Henry Ford Health has named its interim president and
Speaker 1: CEO to the job on a permanent base. And those
Speaker 1: are some of the stories our hundred Bloomberg journalists and
Speaker 1: analysts are working on this morning around the world. We're
Speaker 1: coming up to thirty nine on Wall Street. The following
Speaker 1: is an editorial from Bloomberg Opinion. This editorial was written
Speaker 1: by the Bloomberg Editorial Board. The recent death of Queen
Speaker 1: Elizabeth the Second marked the end of one of the
Speaker 1: most remarkable public careers in modern history. Amid geopolitical upheaval,
Speaker 1: social turmoil, and technological revolution, the Queen's decency and grace
Speaker 1: brought stability to britt and endeared her to generations all
Speaker 1: over the world. Considering the transformation of British society that
Speaker 1: took place over her seven decade reign, perhaps her most
Speaker 1: striking achievement has been preserving the institution of the monarchy itself.
Speaker 1: While support for the monarchy has slipped in recent decades,
Speaker 1: a solid majority of Britain's wanted to continue. That's a
Speaker 1: testament to the Queen's leadership. As she demonstrated one last
Speaker 1: time during the COVID pandemic, Elizabeth served as an enduring
Speaker 1: symbol of reassurance, diligence and integrity. For that, she deserves
Speaker 1: the world's admiration. This editorial was written by the Bloomberg
Speaker 1: Edatorial Board. For more Bloomberg opinion, please go to Bloomberg
Speaker 1: dot com, slash opinion or ope I n go on
Speaker 1: the Bloomberg terminal. This has been Bloomberg Opinion. Listen for
Speaker 1: Bloomberg opinion editorials every weekday. At this time, terminal customers
Speaker 1: can read more head O P I n go, SMP
Speaker 1: futures are higher by thirty three points down futures up
Speaker 1: two hundred forty three. Nasdaq futures leading the games up
Speaker 1: one one points. The tenure treasury is up eleven thirty seconds.
Speaker 1: The yield three point to seven per cent. You're listening
Speaker 1: to Bloomberg at daybreak Bloomberg eleven three oh Weather mostly sunny,
Speaker 1: the high near eighty today, increasing afternoon clouds Tomorrow, hazy
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Speaker 1: the Bloomberg Business at and at Bloomberg Victap. This is
Speaker 1: a Bloomberg Business lash and I'm Karen Moscow. Futures on
Speaker 1: the rise this morning, SMP futures up thirty points down,
Speaker 1: futures up two hundred sixteen, NASTAG future hundred twenty seven
Speaker 1: and the ten year treasury up thirteen thirty seconds here
Speaker 1: at three point to six percent. And as a Bloomberg
Speaker 1: Business Flash. Now, here's John Tucker with Moore on what's
Speaker 1: going on around the world. John Karen Charles, the eldest
Speaker 1: of Queen Elizabeth's four children, will be formally proclaimed King
Speaker 1: of England and a ceremony tomorrow he becomes the oldest
Speaker 1: person to ascend to the throne. Here are the US.
Speaker 1: The Justice Department is appealing a federal judges order for
Speaker 1: a special mastery in the Trump documents case. The d
Speaker 1: O J. Says the ruling thwarts a review of the
Speaker 1: potential national security impact sports. NFL season kicked off last
Speaker 1: night with the Buffalo Bills beating the reigning champion Los
Speaker 1: Angeles Rams one to ten. Yankees fell to the Twins
Speaker 1: four to three, the Nationals winners over the Cardinals, Reds
Speaker 1: beat the Cobbs, Marlon's beat the Phillies, the White Sox
Speaker 1: one big over the Gates, and the Brewers swept the
Speaker 1: Giants at a double header. Global News twenty four hours
Speaker 1: a day on air in a Bloomberg Quicktake. We're powered
Speaker 1: by more than twenty seven hundred journalist and as more
Speaker 1: than one dwenty countries. I'm John Tucker. This is Bloomberg.
Speaker 1: Nathan all right, John, thank you. It's five forty eight
Speaker 1: on Wall Street Live from the Bloomberg Interactive Broker Studios.
Speaker 1: This is Bloomberg Daybreak. I'm Nathan Hager. Let's get more
Speaker 1: perspective now in the life, legacy and the death of
Speaker 1: Queen Elizabeth the Second. We've been speaking with experts, historians,
Speaker 1: and some of those who knew the queen quite well.
Speaker 1: Bloomberg Daybreak Europe Bankers Caroline Hepger and Stephen Carroll have
Speaker 1: been leading our coverage. We'll hand it back to them
Speaker 1: now for a discussion that brings us historical perspective on
Speaker 1: the Queen's rain and what's next for Buckingham Palace. We're
Speaker 1: joined that by Jonathan Spindler. He's a Royal historian and
Speaker 1: senior lecture at Manchester at Metropolitan University. Jonathan, good morning
Speaker 1: to you. Thank you for joining us. How would you
Speaker 1: characterize the rain of Queen Elizabeth the Second? I think
Speaker 1: it's easy to say that this has been a really
Speaker 1: transitional rain um and really has moved the United Kingdom,
Speaker 1: or the monitory of the United Kingdom from uh historical
Speaker 1: era into the modern age, with really the closing down
Speaker 1: of the British Empire and the expansion of the British Commonwealth.
Speaker 1: Your work focuses on monarchies in other parts of the world.
Speaker 1: How unusual is it the length of her reign in
Speaker 1: the context of other European monarchies. How unusual is it? Well,
Speaker 1: it's unusual in that for this particular country, um, the
Speaker 1: last seven years has been interestingly tumultuous, and there's been
Speaker 1: so much changed, But really there have been other reigns,
Speaker 1: you know, the different countries that have been very long
Speaker 1: Louis the fourteenth reigned for a very long time um
Speaker 1: or within this own country Towards the Third in the
Speaker 1: eighteenth century reigned for a very very long time. So
Speaker 1: there have been examples, and I think what it does
Speaker 1: is it underlines the importance of fate or simple genetics
Speaker 1: for these dynasties, of who lives for a long time
Speaker 1: and who doesn't. How has the British monarchy changed under
Speaker 1: Elizabeth the Second. I think you could say that it's
Speaker 1: certainly modernized, not at the same rate as the other
Speaker 1: European monarchies. The Dutch, for example, become quite famous as
Speaker 1: the bicycling monarchy UM. But certainly they have opened up
Speaker 1: quite a lot to media scrutiny UM and tried to
Speaker 1: relax a lot of the formalities that would have existed
Speaker 1: in the nineteen thirties forties. It was the Second was
Speaker 1: a child UM. So some of the mystique or the
Speaker 1: mystery of medieval and early modern monarchy is gone um.
Speaker 1: But compared to a lot of the European monarchies, it
Speaker 1: still remains. Yes and sees this is also a moment
Speaker 1: though of transition of succession how much does a monarch
Speaker 1: change the monarchy. That's one of the few areas really
Speaker 1: that the monarch really does still have control is over
Speaker 1: the dynasty and how the monarchy does work. Obviously, in
Speaker 1: consultation with with other people involved, um, it will be
Speaker 1: very interesting over the next couple of months to see
Speaker 1: how much King Charles the Third wants to change things.
Speaker 1: But I have to say that a lot of the
Speaker 1: changes I think have already been made in the last
Speaker 1: four or five years. The slimming down of those who
Speaker 1: actually work and are paid to work in the British
Speaker 1: um country and around around the world has been significantly
Speaker 1: reduced already, and the amount of ceremonial um that the
Speaker 1: family dosidant stage day activities has also quite significantly been
Speaker 1: reduced in the last twenty years. How is that comparable though,
Speaker 1: to monarchy's elsewhere in Europe? I think of the example
Speaker 1: of the Dutch king who flies for KLM and his
Speaker 1: spare time. It is a different picture here in the UK,
Speaker 1: it is quite different, and I think every monarchy has
Speaker 1: its own context. So for example, the Dutch monarchy wasn't
Speaker 1: really founded until the eighteenth century or even the beginning
Speaker 1: of the nineteenth when we were already in this more
Speaker 1: republican democratic era um as the English and the Scottish
Speaker 1: monarchy then joined together, stretched back to the very very
Speaker 1: beginnings of the Middle Ages. And yeah, I think in
Speaker 1: terms of of the sort of tributes now though that
Speaker 1: are being paid to Queen Elizabeth the Second, I mean
Speaker 1: her it was her personality as well as her position
Speaker 1: that was so influential. That means the sort of tributes
Speaker 1: are now pouring in from around the world. She simply
Speaker 1: met so many important people and had a front row
Speaker 1: to so much history, and yet of course never gave
Speaker 1: an interview. We know so little about her own thinking
Speaker 1: around the world. But she was, you know, is being
Speaker 1: recognized now by so so many leaders around the world.
Speaker 1: How do you think that they look upon that? You know, what,
Speaker 1: what do you make of the tribute? Well, I think
Speaker 1: it does make sense. I mean, most of the world
Speaker 1: leaders have only known one Queen of England and so
Speaker 1: there is this sort of constancy there. And the very
Speaker 1: fact that Elizabeth the second always did everything in the
Speaker 1: right way, um was a real tribute to her character
Speaker 1: and the reliability she had on how her ancestors performed
Speaker 1: the role, which she then brought into her own reign.
Speaker 1: What does that tell us then about what King Charles
Speaker 1: the Third may do and how it will change things
Speaker 1: within the royal court as well as the Queen has
Speaker 1: not only been a public head of state but also
Speaker 1: the leader of her own her own court in in
Speaker 1: the royal family as well well. I think that um,
Speaker 1: he has already been known to have a lot of ideas,
Speaker 1: particularly about the environment and global energy, and so I
Speaker 1: think that there might be a bit more of an
Speaker 1: emphasis on modernizing the monarchy along those lines. Um. But
Speaker 1: we've also seen throughout history many heirs will suddenly take
Speaker 1: on the persona of the their predecessor the moment they
Speaker 1: exceed to the throne. So I think it remains to
Speaker 1: be seen. Our thanks to Bloomberg Daybreak Europe bankers Caroline
Speaker 1: Hepcker and Stephen Carroll for that conversation. They were speaking
Speaker 1: with Jonathan Spengler, royal historian and senior lecturer at Manchester
Speaker 1: Metropolitan University. Up next, we turned to another conversation on
Speaker 1: the Queen and her historical impact on the monarchy, Britain
Speaker 1: and the world. This time Caroline and Steven speak with
Speaker 1: Dr Elena Woodacre. She is a reader in Renaissance history
Speaker 1: at the University of Winchester and a specialist on female monarchs.
Speaker 1: Let's listen into that conversation now with Dr Elena Woodacre.
Speaker 1: You're a specialist in female monarchs, and I think it's
Speaker 1: not lost en us that we now have a third
Speaker 1: female prime minister in Britain. The Queen meant a great deal.
Speaker 1: She was mother and grandmother and a female head of
Speaker 1: state and most unusual. Absolutely, and obviously this country has
Speaker 1: a particular affinity if you like, for for regnant Queen,
Speaker 1: going right back to we could say married tutor or
Speaker 1: lady Jane Gray in the sixteenth century. And even Winston Churchill,
Speaker 1: on the Queen's accession commented on how Britain has always
Speaker 1: been kind of lucky and it's regnant Queen's think of
Speaker 1: Elizabeth the First as well, another long say serving and
Speaker 1: very kind of significant historical monarch who gave her name
Speaker 1: to the first Elizabethan age, and of course Queen Victoria
Speaker 1: as well, so yes her that that maternal nature again.
Speaker 1: She came to the throne as kind of a glamorous
Speaker 1: young woman, and then of course you became kind of
Speaker 1: mother and again grand grandmother to the nation as well.
Speaker 1: So yes, that that that kind of female side of
Speaker 1: her made her perhaps more approachable in a way as well.
Speaker 1: Does that mean that there will be a change in
Speaker 1: the monarch? You know that we have King Charles. Absolutely
Speaker 1: everything is going to feel significantly different. We are going
Speaker 1: to just be changing everything from her majesty to his majesty's,
Speaker 1: from God Save the Queen to God's save the King
Speaker 1: just right in the literal nomenclaims. Sure, there's going to
Speaker 1: be a change which is going to be significant. But yes,
Speaker 1: there is a huge difference from when the Queen on
Speaker 1: her accession again as the glamorous young woman to the
Speaker 1: nation really took to their hearts. And obviously Charles has
Speaker 1: in a very different position, very different position, indeed, taking
Speaker 1: over the throne after the longest reign in history. That
Speaker 1: was Dr Elena Woodacre, a specialist in Renaissance history at
Speaker 1: the University of Winchester. She spoke this morning with our
Speaker 1: Bloomberg day Break europe bankers Caroline Heiker and Stephen Carroll.
Speaker 1: Stay with us for continuing coverage on the death, life
Speaker 1: and legacy of the Queen Karen right even thank you.
Speaker 1: It is five fifty six on Wall Street. Return to
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Speaker 1: year treasury up thirteen thirty seconds. You have three point
Speaker 1: to six percent. They yield on the two year three
Speaker 1: point four seven percent. NIMEX scrude oil jumping up one
Speaker 1: point seven percent of a dollar thirty nine at eighty
Speaker 1: four dollars ninety three cents of barrel comes. Gold is
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