Speaker 1: Markets, headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot com for the Bloomberg Business at and
Speaker 1: at Bloomberg Quicktape. He's a Bloomberg Business Flash and I'm
Speaker 1: Karen Moscow and Bank of America earnings crossing the Bloomberg
Speaker 1: as we speak. We are going to break them down
Speaker 1: in just moments from now at the Bloomberg Intelligence Senior
Speaker 1: Financial Services Allison Williams. She'll be joining us in just
Speaker 1: a moment. And first we go to the first Word
Speaker 1: breaking news dance for today's morning call. Here's Bill Maloney. Bill,
Speaker 1: good morning, and good morning Karen, and speaking those Bank
Speaker 1: of American numbers. Q two trading revenue x d v
Speaker 1: A was four billion. That Smith their four point one
Speaker 1: billion US hugues with a bid right now at DEW
Speaker 1: futures up two hundred and sixty eight points, subs game
Speaker 1: thirty six, will Nastick futures are up by one thirty
Speaker 1: seven US ten year at two point nine six percent,
Speaker 1: Gold is up twelve oils in the green, and bitcoin
Speaker 1: trading hired by six percent. Hong Kong rose two points
Speaker 1: seven percent overnight, while up markets are also in the green.
Speaker 1: The Bay games in France and Germany. Back in the US.
Speaker 1: On the economic front, at ten o'clock, the NHB housing
Speaker 1: marketing in x and regarding earnings. This morning also looked
Speaker 1: for Schwab and Goldman Sachs to report in the pre market.
Speaker 1: In undernews, Goldman Sachs also said it's too early to
Speaker 1: assume inflation is easing and wrapping things up, A Brinker
Speaker 1: was cut to neutral. We Right, Goldman Live from the
Speaker 1: first Breaking News desk on Bill Maloney. Care All right,
Speaker 1: Bill to your live breaking news over your Bloomberg catch
Speaker 1: squawk on your terminal squ a w u K and
Speaker 1: US at Bloomberg Business Flash. Now, Here's John Tucker with
Speaker 1: more on what's going on around the world. John, Good morning, Karen.
Speaker 1: Three people killed them all in Greenwood in again of yesterday,
Speaker 1: in a shooting that ended when an armed man fatally
Speaker 1: shopped the gunman. A new report finds egregiously poor decision
Speaker 1: making on the part of law enforcement responding the mass
Speaker 1: shooting at the Valdi Elementary School in Texas. Sports Camp
Speaker 1: Smith wins Golf's British Open. Yankees beat the Red Sox
Speaker 1: thirteen to two, Metsalus to the three to two, the
Speaker 1: Financials beat the Brave seven three, the Orioles lose to
Speaker 1: the Raise seven of five, and the A's beat the
Speaker 1: astros four to three. Global News twenty four hours day
Speaker 1: on air and on Bloomberg Quicktake power by more than
Speaker 1: twenty seven hundred journalists and analysts in more than one
Speaker 1: d twenty countries. I'm John Tucker, and this is Bloomberg Karon.
Speaker 1: All right, John, thank you, and again we're watching earnings
Speaker 1: from Bank of America across the Bloomberg. It reported trading
Speaker 1: revenue that met analysts estimates. Shares are moving lower and
Speaker 1: early trading down one point four percent. And we're going
Speaker 1: to break those earnings down in just moments from now
Speaker 1: with Bloomberg Intelligence senior financial services analysts Alison Williams. But
Speaker 1: first it is sixty nine on Wall Street. We turned
Speaker 1: to news and science and technology now with the Bloomberg
Speaker 1: and j I T. STEM Report. It has brought to
Speaker 1: you buy New Jersey Institute of Technology, ranked top fifty
Speaker 1: national public university by US News and World's Report in
Speaker 1: number fourteen in the nation on Money's Best Colleges list.
Speaker 1: Learn more at n J I T dot E D
Speaker 1: you and here's US making news in science, technology, engineering,
Speaker 1: and math. A startup in Cambridge, Massachusetts, says it can
Speaker 1: use artificial intelligence to help predict future variants of COVID
Speaker 1: nineteen A Priori Bio said it's harnessing information with the
Speaker 1: aim of helping pharmaceutical companies produce variant proof vaccines. The
Speaker 1: company hopes its services will provide an early warning to
Speaker 1: governments about how future variants might behave, sort of like
Speaker 1: a hurricane alert. The United Arab Emirates will set up
Speaker 1: a fund worth close to a billion dollars to develop
Speaker 1: satellites as it moves forward with the Middle east most
Speaker 1: ambitious space program. The program includes plans to explore Venus
Speaker 1: within a seven years and land on an asteroid in
Speaker 1: addition to launching a spacecraft into Martian orbit, and the
Speaker 1: US and Russian space agencies have agreed to resume having
Speaker 1: a crew member's right to the International Space Station on
Speaker 1: each other's rockets. The arrangement will send an integrated crew
Speaker 1: to the space station in September, according to NASA. That's
Speaker 1: a Bloomberg and j I t st and rapport. Nathan.
Speaker 1: All right, Karen, thank you. We are live from the
Speaker 1: Bloomberg it directive broker studios where we're coming up to
Speaker 1: six fifty one on Wall Street. As you mentioned, Bank
Speaker 1: of America earnings are continuing to cross the Bloomberg terminal.
Speaker 1: So let's bring in Bloomberg Intelligence senior Financial services analyst
Speaker 1: Alison Williams for a breakdown of these results. Allison, we
Speaker 1: saw a bit of a pop in the Bank of
Speaker 1: America's stock on the headline that trading revenue basically came
Speaker 1: in line with estimates. Now we're seeing those gains erased
Speaker 1: and the stock is falling. What stands out to you?
Speaker 1: So the one thing that stands out to us if
Speaker 1: the capital ratio. Keep in mind that we thought JP
Speaker 1: Morgan pausing there buy backs. UM. Bank of America had
Speaker 1: already talked about pausing their buy back and in fact
Speaker 1: those came in much lower UH last quarter, and the
Speaker 1: capital ratio is a little bit light of where they
Speaker 1: need to be in the fourth quarter. UM. We learned
Speaker 1: about those new requirings with the stress tests. And how
Speaker 1: about the net interest income? Obviously this is something that
Speaker 1: we're watching with all of the banks as the FED
Speaker 1: is in a tightening cycle. How'd that do the net
Speaker 1: interest income? UM looks good. The loan growth looks good.
Speaker 1: UM operating leverage is positive. So from a core basis,
Speaker 1: UM things look pretty good. Consumers spending strong. I think
Speaker 1: it's I my guess it's going to be that it's
Speaker 1: a capital ratio that investors are reacting to trading also,
Speaker 1: by the way, it looks a little bit better. And
Speaker 1: in terms of provisions for credit losses, those came in
Speaker 1: lower than analysts were expecting. What does that tell you?
Speaker 1: There's no reserve built, So we're gonna want to hear
Speaker 1: a little bit more detail on the call. But UM
Speaker 1: credit across the banks has been stronger, so we know
Speaker 1: that the consumer today is in a great position. And
Speaker 1: the fact that they're not adding reserves UM could mean that,
Speaker 1: you know, based on their economic scenarios, they feel that
Speaker 1: they're in a good position already. And as we watch
Speaker 1: the earnings continue to roll in, Bank America's stock down
Speaker 1: down about two percent in the pre market. Allison Williams
Speaker 1: of Bloomberg Intelligence were checking back with you throughout the
Speaker 1: morning as we await the final results as well from
Speaker 1: Goldman Sachs wrapping up bank earning season. In the meantime,
Speaker 1: it is now six fifty three on Wall Street, and
Speaker 1: we want to check what's going on in d C,
Speaker 1: where some of the top stories include President Biden returning
Speaker 1: from Saudi Arabia without a promise of increased oil production.
Speaker 1: The US Envoy for Energy Security, Almost Hostein, says he
Speaker 1: is confident to Gulf nations will boost output in the
Speaker 1: coming weeks. There is additional spare capacity. There is room
Speaker 1: for increased production UH, as we've told producers in the
Speaker 1: United States. We've had conversations over the last coeuple of
Speaker 1: months and weeks with OPEC UH, and I believe that
Speaker 1: there is still more room to UH to see additional steps.
Speaker 1: Almost Hochstein with the State Department was on CBS's Face
Speaker 1: the Nation. In the meantime, White House Economic Advisor Jared
Speaker 1: Bernstein tells Fox News Sunday drivers are starting to feel
Speaker 1: less pain at the hump. The price of gas has
Speaker 1: come down fifty cents a gallon. There are now twenty
Speaker 1: thousand gas stations across this country where gases below four
Speaker 1: dollars a gallon still too high, but that's moving in
Speaker 1: the right direction, giving Americans some much needed breathing room.
Speaker 1: Also making new Senator Joe Mansion blocking a slim down
Speaker 1: economic package out of concern over inflation. Independent Bernie Sanders
Speaker 1: tells ABC's This Week Mansion is sabotaging President Biden's agenda.
Speaker 1: In my humble opinion, you know, match and represents the
Speaker 1: very wealthiest people in this country, not working families in
Speaker 1: West Virginia or America. And the House January six Committee
Speaker 1: expects to receive deleted text messages from the Secret Service
Speaker 1: by tomorrow under subpoena. Committee member Zoe Lofgren was also
Speaker 1: on this week. I was shocked to hear that they
Speaker 1: didn't back up their data before they reset their iPhones.
Speaker 1: That's crazy. I don't know why that would be, but
Speaker 1: we need to get this information to get the full picture.
Speaker 1: You can hear this week Fox News Sunday and Face
Speaker 1: the Nation every Sunday right here on Bloomberg Radio and
Speaker 1: from More. We're joined by Bloomberg Government Order Emily Wilkins
Speaker 1: in the nation's capital. So, Emily, President Biden comes back
Speaker 1: from the Middle East right into a fight over inflation
Speaker 1: and spending. Yeah, and that's going to make it extra
Speaker 1: critical for President Biden to be able to show that
Speaker 1: this trip did amount to something when it comes to
Speaker 1: terms of gas prices. Uh. Us Envoy, who was on
Speaker 1: the trip in the touch sign with the State Department,
Speaker 1: said he is confident that golf producers will increase oil
Speaker 1: output after that trip. But Toddie said any decision to
Speaker 1: increase oil production would have to be made at that
Speaker 1: August started OPAC meeting. So we're gonna have to see
Speaker 1: exactly what happens here. But Biden certainly something he can
Speaker 1: point to. He came under heavy criticism for that fist
Speaker 1: bump that he exchanged with Saudi Saudi Crown Prince Mohammed
Speaker 1: and Salmon. Uh. You know, this is a nation he
Speaker 1: promised to make a Fria. Uh. He is one that
Speaker 1: has a nation with a bunch of human rights abuses,
Speaker 1: obviously the killing of a Washington Post columnists Jamal kaogi Um.
Speaker 1: And so this whole trip, you know, the big thing
Speaker 1: was oil. I've talked to lawmakers who say that the
Speaker 1: thing that Blinden needs to do is really bring up
Speaker 1: Christ down. And at this point, it just it remains
Speaker 1: to be seen exactly what's going to be happening with
Speaker 1: that and if production will be increased, and it really
Speaker 1: goes into the debate that's happening on Capitol Hill right
Speaker 1: now over how to deal with inflation and the ongoing
Speaker 1: back and forth within the Democratic Party of specifically Senator
Speaker 1: Joe Mansion blocking that economic package, and now looks like
Speaker 1: even the Chips Bill is gonna get dialed back. Yeah,
Speaker 1: there's a couple different balls in the air, and you're right, Ethan,
Speaker 1: a lot of this has to do with inflation and
Speaker 1: concerns over it. Mansion is worried that to put another
Speaker 1: big financial package out there, even one that is Democrats,
Speaker 1: as Democrats point out, would be completely paid for, would
Speaker 1: be super problematic for the economy and for inflation. And
Speaker 1: so that one, that reconciliation package is on hold. There's
Speaker 1: also now looking at the package for US China competitiveness,
Speaker 1: making the US more compati editive, boosting domestic manufactory. But
Speaker 1: the and Senate will vote on a version of the
Speaker 1: Death Bill this week, but it's going to be way
Speaker 1: slimmed down what we were initially expecting. Lawmakers were negotiating
Speaker 1: a much wider package. This one's mostly going to focus
Speaker 1: on fifty two billion dollars in Grandson incentives to help
Speaker 1: increase semiconductors and help more of those semiconductor companies look
Speaker 1: at the US as a place where they can build
Speaker 1: their factories and produce their products. Thanks for this, Emily,
Speaker 1: Bloomberg Government reporter Emily Wilkins, and you can read more
Speaker 1: at Bloomberg dot com or on the Bloomberg terminal. Listen
Speaker 1: to Bloomberg Radio in Washington Bloomberg and one oh five
Speaker 1: point seven FM HD two. We continue to watch shares
Speaker 1: of Bank of America as the bank has reported earnings.
Speaker 1: The earnings per share came in slightly below estimates, along
Speaker 1: with overall revenue b a C down one point one percent.
Speaker 1: In the pre market, SMP futures are higher by thirty
Speaker 1: seven points, staff futures up two seventy four, nastack futures
Speaker 1: on the rise by one forty points. Much more to
Speaker 1: come on Bloomberg Surveillance. So Tom Keene, Jonathan Faroe, and
Speaker 1: Lisa Abramowitz for Karen Moscow. I'm Nathan Hagar. This is
Speaker 1: Bloomberg Markets, headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot com. The Bloomberg Business Atland at
Speaker 1: Bloomberg Quick Tape is a Bloomberg Business blash, And I'm
Speaker 1: Karen Moscow. US Stock Index futures on the rise this
Speaker 1: morning by the dollar weekends, is investors scale back bets
Speaker 1: and how aggressively the Federal reserve a titan policy easing
Speaker 1: recession fears. We check the markets every fifteen minutes throughout
Speaker 1: the trading day. On bloomberg S ANDP Future is up
Speaker 1: thirty eight points, DAL futures up two hundred seventy three
Speaker 1: and nasday futures of one forty one. The decks in
Speaker 1: Germany is up one point three percent. Ten year treasury
Speaker 1: down ten thirty seconds. You'll two point five percent. They
Speaker 1: yield on a two year three point one four percent.
Speaker 1: Nivex screwed oil is up one point eight percent of
Speaker 1: a dollar seventy six and ninety nine thirty five cents
Speaker 1: of barrel comex schooled up eight ten percent or thirteen
Speaker 1: dollars seventy cents is seventeen seventeen thirty announced. The Euro
Speaker 1: one point zero one five nine against the dollar, British
Speaker 1: pound one point four and the Yan is at one
Speaker 1: thirty eight point to seven, and Big coin is up
Speaker 1: more than six percent at twenty two thousand, two hundred
Speaker 1: and thirty dollars. Coleman Sachs Bank of America among company's
Speaker 1: scheduled to report earnings today. And that's a Bloomberg Business Flash.
Speaker 1: Now here's John Tucker with more on what's going on
Speaker 1: around the world. John and Karen. Three people killed at
Speaker 1: a mall in Greenwood, Indiana, shooting that ended when an
Speaker 1: armed man fatally shot the gunman. A new report finds
Speaker 1: egregiously poor decision making on the part of law enforcement
Speaker 1: responding to the mass shooting at the All the Elementary
Speaker 1: School of Texas, and President Vladimir Zelinski removing his national
Speaker 1: security head and Ukraine's top prosecutor alleging the some employees
Speaker 1: collaborated with RUNCH and intelligence. Sports Camp Smith wins Golf's
Speaker 1: British Open. The Yanks beat the Red Sox thirteen to twelve.
Speaker 1: Mets lose to the Cubs three to two. The Nationals
Speaker 1: beat the Brave seven to three. The Oils lose to
Speaker 1: the Raise seven to five, The beat the Astros four
Speaker 1: to three. Global news twenty four hours a day on
Speaker 1: air and on Bloomberg Quickday Power by more than twenty
Speaker 1: seven hundred journalists and analysts. It more than one hundred
Speaker 1: and twenty countries. I'm John Tucker. This is Bloomberg, Nathan John.
Speaker 1: Thank you. It is six nineteen on Wall Street Live
Speaker 1: from the Bloomberg Interactive Broker studios. This is Bloomberg Daybreak
Speaker 1: as we get ready to kick off another trading week.
Speaker 1: We are joined this morning by Bloomberg television anchor and
Speaker 1: markets correspondent Danny Burger looking at green on the screen
Speaker 1: this morning after the late week rally to end last week.
Speaker 1: But we've got some notes out this morning, Danny that
Speaker 1: might make investors wonder whether this is another bear market rally. Yeah.
Speaker 1: I think that's certainly a big part of this conversation.
Speaker 1: You could even say, okay, things it filed awful off
Speaker 1: the Fed. Perhaps, Um, the peak of rate rises is
Speaker 1: soon going to be here. If we're not going a
Speaker 1: hundred basis points, we're just going. Yeah. I think the
Speaker 1: note which you're you're probably trying to bait me into covering,
Speaker 1: which I am more than happy to be just is
Speaker 1: an interesting one. It's close and right the permit perma
Speaker 1: bear here saying that look, even um, what we're seeing
Speaker 1: right now is likely, yes, just at a bear market rally.
Speaker 1: Um that the bear market it's not over. And they
Speaker 1: say even if we avoid a recession, we're still likely
Speaker 1: to see more stock losses. But they do say the
Speaker 1: odds of a recession arising. Yeah. Interesting to see that
Speaker 1: once again from as you term him, probably quite rightly
Speaker 1: Perma Bear Mike Wilson, raising the odds of a recession,
Speaker 1: even as it seems as though markets, at least for
Speaker 1: this morning or the last couple of days, are baking
Speaker 1: in the possibility that we're not going to see quite
Speaker 1: as big rate hikes as investors might thought. And maybe
Speaker 1: that brings in the possibility, or at least brings back
Speaker 1: into the conversation the idea of a soft landing. Yeah.
Speaker 1: I think a big part of it is we just
Speaker 1: went too far in pricing what the set is going
Speaker 1: to do. Because what we're pricing in for this month's
Speaker 1: RAAK decision, it's certainly still a jumbo hike. It's uh
Speaker 1: seventy nine basis points on the money market pricing. Of course,
Speaker 1: they don't move in those intervals, so that implies that
Speaker 1: most bets are are centered around seventy five, which again
Speaker 1: historically a very very large hike. But I do think
Speaker 1: markets just went too far and saying perhaps it will
Speaker 1: be one percent um. Perhaps it's going to be bigger.
Speaker 1: So what we've seen these past couple of days is
Speaker 1: markets having to take a step back saying, Okay, yes,
Speaker 1: the set is raising rates, but inflation perhaps isn't as pernicious,
Speaker 1: Not that it won't be pernicious, but but we just
Speaker 1: went too far. And I really think that that's what
Speaker 1: we've been seeing on Friday and today. You have to wonder, Danny,
Speaker 1: whether we're going to see more concern about inflation bleed
Speaker 1: back into the mark it as we get through more
Speaker 1: of earning season. We're wrapping up banks today, We're going
Speaker 1: to hear from some big tech names later this week.
Speaker 1: That's going to make things pretty interesting. Yes, it definitely will,
Speaker 1: especially considering we've heard a lot of tech names talk
Speaker 1: about flowing hiring. Um be it. Microsoft too says that
Speaker 1: you know this is this is normal for them. It's
Speaker 1: not because they're global concerns. But Google Alphabet, their parent company,
Speaker 1: has also slowed hiring as well. Um and yeah, is
Speaker 1: the global slow down going to hurt tech? This is
Speaker 1: usually a sector that's perhaps a bit more resilient. But
Speaker 1: if you're an ad spending business, if that's if that's
Speaker 1: what you're dependent on then yeah, certainly slower growth among
Speaker 1: corporates could could definitely come to bite. Are we looking
Speaker 1: for more earnings downgrades as we get further into the season.
Speaker 1: Is that something that the analysts you talk to our
Speaker 1: watching out for. Definitely, we have started to see some
Speaker 1: downgrades that the expectations are are still pretty elevated, but
Speaker 1: as we get closer to more earnings reports, it is
Speaker 1: net downgrades instead of net upgrades. UM Bank of America,
Speaker 1: though my Cartinet over there does believe that it's still
Speaker 1: despite some of the downgrades we've seen, earnings are going
Speaker 1: to disappoint and he says that's going to be the
Speaker 1: thing that drives the capitulation in this market. That we
Speaker 1: haven't totally seen it, despite the fact we've entered a
Speaker 1: bear market, but this earning season will be the thing
Speaker 1: that causes it if we need disappointments in our last
Speaker 1: minute here, Danny, as we enter the FED blackout period, here,
Speaker 1: I gotta ask what you make of all the pretty
Speaker 1: significant swings we've seen in the market just based on
Speaker 1: pieces of economic data coming out one after the other.
Speaker 1: It's like if you get a big inflation print, things
Speaker 1: go down big time. We got retail sales last week
Speaker 1: and things went up big time. I think this is
Speaker 1: so fascinating because we are trading on pieces of data.
Speaker 1: I mean, look, we've always traded on pieces of data,
Speaker 1: but but we're having so many people own so much
Speaker 1: volatility around pieces of data that we never did before.
Speaker 1: UM trading on a University of Michigan sentiment survey, I mean,
Speaker 1: that's pretty strange, but yeah, but but you kind of
Speaker 1: have to do it. The J Powell last time he
Speaker 1: raised rates seventy five basis points, so I did. That
Speaker 1: is one of the inputs UM. And yet again on
Speaker 1: Friday's University of Michigan survey, people backed off around rate
Speaker 1: heights because it wasn't just the retail sales data. It
Speaker 1: was inflation expectations that came in. So I think it's
Speaker 1: just every single piece of data is not just important
Speaker 1: for the market, it's important for the said. Hence why
Speaker 1: all the volatility. Thanks for this, Dandy, great having you
Speaker 1: on with us. Dandy Burger Markets correspondent, Bloomberg TV anchor
Speaker 1: with us here this morning on Bloomberg Radio, looking ahead
Speaker 1: to the market, open, futures, poise for games, SMP futures
Speaker 1: up thirty nine points, staff futures up two to eighty
Speaker 1: nine nastack futures hired by a hundred forty five points.
Speaker 1: Tend your treasury down eleven thirty seconds, yield two point
Speaker 1: nine five per cent. You're listening to Bloomberg Daybreak Bloomberg
Speaker 1: eleven three oh weather cloudy today, some showers and storms
Speaker 1: developing by midday, low eighties will be your ninety mostly
Speaker 1: sunny tomorrow and by Wednesday, mostly sunny with a high
Speaker 1: right now seventy six degrees. Broadcasting live from the Bloomberg
Speaker 1: Interactive Broker Studio in New York. Bloomberg E Living Freedom
Speaker 1: to Washington, d C, Bloomberg On to Boston, Bloomberg one
Speaker 1: oh six one, to San Francisco, Bloomberg N six to
Speaker 1: the country, Sirius XM, Chad A one nine, and around
Speaker 1: the globe, the Bloomberg Business APT and Bloomberg Radio dot Com.
Speaker 1: This is Bloomberg Daybreak six thirty on Wall Street. Good morning,
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. We're just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: to the five things that you need to know to
Speaker 1: start your Day brought to you by Interactive Brokers Investment Advisors,
Speaker 1: which to Interactive Brokers for lowest cost global trading and
Speaker 1: turnkey custody solutions, no ticket charges and no conflicts of
Speaker 1: your interests at ib kr dot com. Slash r i
Speaker 1: a first Markets gear up for a slew of earnings
Speaker 1: this week. Investors are watching how business is weathering inflation
Speaker 1: and tightening from the Fed, Coleman Saxon Bank of America
Speaker 1: Rapper reporting for the major banks today. Other notable names
Speaker 1: this week include Tesla and Netflix, United Airlines and IBM,
Speaker 1: and the results that Karen come on the heels of
Speaker 1: June's hot CPI report. Clara Advisers Founder and managing principal
Speaker 1: Ryan Bolanger says, even if they're earnings mrs, big US
Speaker 1: companies are still a good place for investors. You've got
Speaker 1: consumer spending still on the rise, so you've still got
Speaker 1: a very attractive consumer balance sheet. Household finances are in
Speaker 1: great shape still, so that's one of the reasons why
Speaker 1: we still like the domestic companies more than the international counterparts.
Speaker 1: Ryan Bolanger with Clara Advisor says, we're still likely to
Speaker 1: see a prolonged period of volatility pan time. Nathan went
Speaker 1: to Wall Street's biggest bearer, says us to box are
Speaker 1: likely to face more declines as even if the economy
Speaker 1: manages to avoid a recession. Mark and Stanley strateg just
Speaker 1: Mike Wilson says he expects the bear market to continue.
Speaker 1: He also sees the odds of a recession continuing to rise.
Speaker 1: Turning into commodities now, Karen oil is on the rise
Speaker 1: after last week's nearly seven percent drop. It follows President
Speaker 1: Biden's landmark visit to the Middle East that wrapped up
Speaker 1: without a firm commitment from Saudi Arabia to boost Crewe supplies.
Speaker 1: Checking prices now name excrudes up two percent or a
Speaker 1: dollar ninety four nine fifty two cents of barrel. Brent
Speaker 1: is hired by two point three percent to a hundred
Speaker 1: three dollars forty nine cents. Well, we moved to Italy now, Nathan,
Speaker 1: we're Prime Minister Mario Draggy is under mounting pressure to
Speaker 1: reverse his pledge to resign. Draggy appears determined to leave office,
Speaker 1: but Summer pushing for him to stay. Bloomberg's tomaso Ebb
Speaker 1: Heart has more from Milan If Druggy resigned, then he
Speaker 1: will resign. They had off of the president of Mazzarella.
Speaker 1: We are expecting at this point Matarella or to have
Speaker 1: a consultation with political leader, but that's almost no possibility
Speaker 1: to form a new go mean in that case he
Speaker 1: will call his an appalation and Bloomberry's Tomasso I've heard
Speaker 1: of Malone, says Mario. Draggy will address lawmakers Wednesday to
Speaker 1: declare whether or not he'll quit the government. And in
Speaker 1: corporate news, Starbucks is wayne whether to sell its UK operations,
Speaker 1: according to the Financial Times, which says the coffee chain
Speaker 1: has yet to initiate a formal sales process. The UK
Speaker 1: is starbucks largest market in Europe, the Middle East and Africa.
Speaker 1: And that's the five things you need to notice start
Speaker 1: your day. Brought to you by Interactive Brokers and your
Speaker 1: local headlines. Straight Ahead on Bloomberg, Thanks Karen. Six thirty
Speaker 1: three on Wall Street, seventy six degrees in Central Park
Speaker 1: Out a crash eastbound Route three at seventeen in Rutherford.
Speaker 1: Details coming up in traffic. First John Tucker with more
Speaker 1: on what's going on in New York and around the world.
Speaker 1: Good morning, John, Good morning, Nathan. The first draft of
Speaker 1: an investigative report of the mass shooting at a South
Speaker 1: Texas elementary school in May finds plenty of blame to
Speaker 1: go around for the stuttering response to the attack that
Speaker 1: deals in this report this Morning from Bloomberg's Jeff Bellinger.
Speaker 1: The report finds nearly four hundred law enforcement officials rushed
Speaker 1: to a mass shooting at a Uvaldi Elementary school, but
Speaker 1: egregiously poor decision making resulted in more than an hour
Speaker 1: of chaos before the gunman who took twenty one lives
Speaker 1: was finally confronted and killed. The nearly eighty page report
Speaker 1: was the first to criticize both state and federal law enforcement,
Speaker 1: and not just local authorities in the South Texas town,
Speaker 1: for the bewildering in action. The report also finds no
Speaker 1: one assumed command despite scores of officers being on the scene.
Speaker 1: Some families blasted police as cowards and demanded resignations. Jeff Bellinger,
Speaker 1: Bloomberg Daybreak. Three people were killed at a ball in Greenwood, Indiana,
Speaker 1: in a shooting yesterday that ended when an arm and
Speaker 1: fatally shot the gundan and with a rifle and several
Speaker 1: magazines of ammunition entered the ball's food court and started firing.
Speaker 1: Placed on Facebook, there were seeking witnesses to the shooting,
Speaker 1: which took place at a fifteen miles south of Indianapolis.
Speaker 1: A New York City firefighter was seriously hurt Sunday after
Speaker 1: responding to a crash on Manhattan's West Side. It was
Speaker 1: responding to a two car crash. One of the cars
Speaker 1: shifted and fell on his leg. According to New York
Speaker 1: City's Chief Medical Examiner, Vana Trump, the ex wife of
Speaker 1: former President Donald Trump, died accidentally a blunt impact injuries
Speaker 1: to her torso. She reportedly had fallen down the stairs
Speaker 1: that are upper East side home. Her death led the
Speaker 1: office of New York's Attorney General, Letitia James to postpone
Speaker 1: a deposition of the former president that scheduled for next week,
Speaker 1: and the House Committee investigating the US Capitalists all expects
Speaker 1: to receive text messages It has subpoena from the Secret
Speaker 1: Service by tomorrow. A former aide, Cassidy Hutchinson, said she
Speaker 1: was told Trump wanted to join the mob when marching
Speaker 1: on the Capitol, but was blocked by a security detail
Speaker 1: and a physical altercation took place. The text messages could
Speaker 1: provide insight into that episode. Global News twenty four hours
Speaker 1: a day on air, Hannam Bloomberg Quick Take Power by
Speaker 1: more than hundred journalists and analysts it more than one countries.
Speaker 1: I'm John Tucker. This is Bloomberg, Nathan. Thanks John, six
Speaker 1: thirty five on Wall Stranger's John Sash at the Bloomberg
Speaker 1: Sports Update. All right, Nathan. The Yankees with a two
Speaker 1: game Boston massacre. They had lost three straight to the
Speaker 1: Red Sox with a one Saturday night fourteen to one,
Speaker 1: and they came back yesterday and won thirteen to two
Speaker 1: and eight run fourth inning later home runs for tim
Speaker 1: Lo Castro and Joey Yallow. Garrett Cole struck out twelve twice.
Speaker 1: He fanned his nemesis or Afael Devers, who was numbered
Speaker 1: off Cole. Eight tons. Chris Sale started for the Socks,
Speaker 1: just doctrum injury and Aaron Hicks line drive in the
Speaker 1: first inning. Grope Sales pinky Yankees at the All Star
Speaker 1: break sixty four and thirteen game, leaving a last the
Speaker 1: mester fifty eight and thirty five. They're up two and
Speaker 1: a half on Atlanta. They were four outs from a
Speaker 1: four game sweep in Chicago. The cub score twice in
Speaker 1: the eighth inning to win three to two. Starling Marte
Speaker 1: has taken himself out Tomorrow's All Star Game. Tonight in
Speaker 1: l A. P. Lolonso goes for a home run derby
Speaker 1: three pet They held the MLB draft. The sons of
Speaker 1: Fomer Big leaguers Matt Holiday and Andrew Jones went one
Speaker 1: too to Baltimore and Arizona. The Mets took Kevin Parratta,
Speaker 1: a capture from Georgia Tech, and then Jeff Williams, a
Speaker 1: high school shortstop from Texas, and the Yankees drafted Spencer Jones,
Speaker 1: and outfielder from Zanderville. At St. Andrew's. Cam Smith came
Speaker 1: from behind, had five straight birdies to start the back nine.
Speaker 1: The twenty eight year old Austine won the Open championship.
Speaker 1: Uh Pour fought Polsau on a around here, especially with
Speaker 1: that window, you know, off the left, and um yeah,
Speaker 1: just stuck to what I was doing and um yeah,
Speaker 1: just really crowd of how I how I on a
Speaker 1: knuckle down today. Smith tied a record for a major
Speaker 1: with twenty under part beat Westchester native Cam Young by
Speaker 1: one shot in Rory matheil Roy by two John stash
Speaker 1: went Bloomberg Sports. Nathan all right, John, Thanks, It's six
Speaker 1: thirty seven on Wall Street. Time to take a look
Speaker 1: at stock, some of the names moving in the pre market.
Speaker 1: Bloomberg Radio and TV Markets correspondent Creedy Gupta is with
Speaker 1: us as we await the final set a big bank
Speaker 1: earning screety the finals at a big banker and he's
Speaker 1: got Bank of America and Goldman Sacks do to report
Speaker 1: this morning. And it's interesting because, of course we saw
Speaker 1: a little bit of mixed messaging when we came from
Speaker 1: the earnings last week. We haven't where you had, JP Morgan.
Speaker 1: We're stay coming out and a little bit kind of
Speaker 1: worried about what might come next. The trading revenue missed
Speaker 1: as well. And then you came out and I saw
Speaker 1: Wells Fargo in city groups sending two completely different messages.
Speaker 1: Well as far saying, well, we're actually gonna stick to
Speaker 1: our buyback, city groups saying our trading revenue really not
Speaker 1: the socks off of all the Wall Street banks this morning.
Speaker 1: You do have some optism baked into the market here.
Speaker 1: Bank of America shares be a c is your taker
Speaker 1: up one point two percent. I'm gonna quickly look up
Speaker 1: Goldman Sacks here as well. The taker is the letter
Speaker 1: g S also up one percent. This is significant as
Speaker 1: we talk about what's happening in the macro environment as well. Remember,
Speaker 1: in this rate hike environment, how much do people have
Speaker 1: to how much do these banks I should say have
Speaker 1: to actually create more loan lasted provisions? How much do
Speaker 1: they actually have to watch out for some of these
Speaker 1: higher interest rates that would perhaps decline or somewhere there
Speaker 1: or decrease I should say some of their net profit
Speaker 1: margin right now, at least on the on the surface level,
Speaker 1: you do have some optimism baked into those stocks. Sathan. Yeah,
Speaker 1: we're gonna be watching for those earnings, starting off with
Speaker 1: Bank of America. We're expecting those are just a few
Speaker 1: minutes actually, And I see you're watching some news coming
Speaker 1: out of Southern England this morning. Part Yeah, it's kind
Speaker 1: of interesting. You wouldn't think that some news out of
Speaker 1: the Southern England would move one of the biggest stocks
Speaker 1: and in the SP five in the Dow, I might add,
Speaker 1: but nevertheless it is Boeing Shares b A is your
Speaker 1: ticker up about two point eight percent. This is significant.
Speaker 1: It comes after you had Boeing and Airbus. They are
Speaker 1: buying for almost twenty one billion dollars of aircraft orders
Speaker 1: at the first major commercial air show since twenty nineteen.
Speaker 1: Here's where the Southern England Park comes in. This is
Speaker 1: the farm Borough Air Show. Super important when it comes
Speaker 1: to simply getting more of those deals done. Boeing actually
Speaker 1: just announced of this morning that looks like it's also
Speaker 1: getting a deal done with Delta at the moments. Remember
Speaker 1: a lot of those orders, a lot of those jet
Speaker 1: orders were put on hold just given the COVID uncertainty
Speaker 1: and especially the back log that Boeing is already facing.
Speaker 1: But Bowing actually said well they expect a very big
Speaker 1: order day, not just for their jets but their hydrogen
Speaker 1: engines as well, and that are obviously it's already boosting
Speaker 1: the stock this morning to the tune of two and
Speaker 1: just quickly hear some news with chip stocks as well,
Speaker 1: some news with chip stocks. This is really important as
Speaker 1: we talk about simply what is the trade that really
Speaker 1: works when it comes to chips. Remember, everyone was buying
Speaker 1: chips as a bet. These supply chain issues aren't going
Speaker 1: to go away anytime soon. This morning, applied Materials A
Speaker 1: M A T actually got a price target cut over
Speaker 1: at Deutsche Bank. Nevertheless, the shares are still up one
Speaker 1: point six percent. Remember Apply Materials is that semi equipment maker,
Speaker 1: so this is significant that even in the face of
Speaker 1: perhaps some price start cuts from some of the major banks,
Speaker 1: it's actually still way way higher. Tells you that trade
Speaker 1: is still in play, all right. Bloomberg Radio and TV
Speaker 1: Markets correspondent Creed grooped up with us this morning as
Speaker 1: we take a look at futures on the rise, SMP
Speaker 1: futures up thirty seven points, Staff futures up two six
Speaker 1: and NAZZAC futures leading the way this morning. They are
Speaker 1: hired by one under thirty eight points. Tenure treasury is
Speaker 1: down ten thirty seconds, the yield two point and the
Speaker 1: yield on the two year still inverted three point one four.
Speaker 1: You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather
Speaker 1: showers and storms developing by midday. Highes in the low
Speaker 1: eighties will be near ninety tomorrow under a mostly sunny sky,
Speaker 1: hot Wednesday for a high by then right now seventy
Speaker 1: six degrees. Live from the Bloomberg Interactive Berger Studios This
Speaker 1: is Bloomberg Daybreak for Monday jo coming up. The shower
Speaker 1: stocks face another test this week as more earnings roll in,
Speaker 1: Oil jumps following President Biden's trip to the Middle East,
Speaker 1: China rolls out mass testing as COVID cases rise, and
Speaker 1: the January six Committee prepares to receive texts from the
Speaker 1: Secret Service. Another deadly shooting, this time at the wall
Speaker 1: in Indiana, and a demning report on the police respond
Speaker 1: us to the school shooting in Texas. I'm John Tucker.
Speaker 1: Those stories straight ahead. I'm John Stash's four second straight
Speaker 1: game with the Yankees crushed the Red Sox. The Mets
Speaker 1: lost in Chicago. Cameron Smith won the Open Championship golf.
Speaker 1: That's All's trading ahead on Bloomberg Daybreak on Bloomberg eleven,
Speaker 1: Free on New York, Bloomberg one, Washington, d C, Bloomberg
Speaker 1: one oh six one, Boston, Bloomberg nine sixties and Francisco
Speaker 1: Sirius x M one nineteen and around the world on
Speaker 1: Bloomberg Radio, dot com and via the Bloomberg Business Act.
Speaker 1: Good morning, I'm Nathan Hager and I'm Kart Moscow and
Speaker 1: US dot Index futures are rising this morning. We're coming
Speaker 1: up to six oh one on Wall Street, and we
Speaker 1: checked the markets every fifteen minutes throughout the trading day
Speaker 1: on bloomberg S ANDP futures up thirty six points this morning,
Speaker 1: Down futures up two hundred fifty six and Nastack futures
Speaker 1: up one d forty. The ten year treasury down twelve
Speaker 1: thirty seconds, Yeal two point nine five per cent Nathan
Speaker 1: well Karen. Markets are gearing up for another slow of
Speaker 1: earnings this week. Investors are watching how business is weathering
Speaker 1: inflation and FED tightening. The major banks finished reporting today
Speaker 1: following some disappointing results last week. Bloomberg's Jeff Bellinger has
Speaker 1: a preview. The investors may not be pleased with the
Speaker 1: numbers from Goldman Sachs Bloomberg Intelligence, as Goldman's second quarter
Speaker 1: profit may have declined sharply versus a year ago because
Speaker 1: of outsized investment gains that turned to losses and the
Speaker 1: slide in banking fees that exceeded trading revenue growth. We
Speaker 1: also hear from Bank of America this morning. The outlook
Speaker 1: isn't entirely rosy, but b I is more upbeat, saying
Speaker 1: be of a likely benefited from flat costs, net income
Speaker 1: that expanded with rates, and healthy industry loan growth. Jeff Bellinger, Bloomberg, Debreak,
Speaker 1: all right, Jeff, thank you. Some other notable names reporting
Speaker 1: this week include Tesla, Netflix, United Airlines, and IBM Well Nathan.
Speaker 1: This week's earnings come on the heels of June's hot
Speaker 1: CPI report, and Clara Advisers founder and managing principle Ryan
Speaker 1: Blander says, even if there are earning some misses, big
Speaker 1: US companies are still a good place for investors environment.
Speaker 1: You gotta stay large cap. We think as an overweight,
Speaker 1: we love the dividend paying stocks. They provide some cash flow.
Speaker 1: I would say you don't want to abandon large cap technology.
Speaker 1: I mean, some of these companies are extremely profitable, have
Speaker 1: huge business modes, and are trading at really nice discounts
Speaker 1: to their historic multiples. Ryan Blander at Clara Advisor says
Speaker 1: you're still likely to see a prolonged period of volatility.
Speaker 1: Now one of Wall Street's biggest bears, Karen says US
Speaker 1: stocks are likely to face more declines even if the
Speaker 1: economy manages to avoid a recession. Morgan Stanley strategist Mike
Speaker 1: Wilson says he expects the bear market to continue. He
Speaker 1: also sees the odds of a recession continuing to rise well.
Speaker 1: Turning to commodities now, Nathan oil is advancing this morning
Speaker 1: after last week's almost seven percent to drop. The jumps
Speaker 1: follow President Biden's landmark visit to the Middle East that
Speaker 1: wrapped up without a firm commitment from Saudi Arabia to
Speaker 1: boost crewed supplies and check in praises. Now nine ex
Speaker 1: screwed oil is at one point eight percent of a
Speaker 1: dollar seventy ninety eight cents of barrel Brent is up
Speaker 1: two point one percent and a hundred three dollars thirty
Speaker 1: one cents over in Europe, Karen candidate seeming to succeed
Speaker 1: UK Prime Minister Boris Johnson, are weighing in on the
Speaker 1: economy and the cost of living crisis in the country.
Speaker 1: Boom Brigs You and Parts has more from London. Good
Speaker 1: Morning You, Good morning Nathan and Karen. A a second
Speaker 1: TV debate for the five remaining candidates to take over
Speaker 1: as the next British Prime minister. Clear dividing lines starting
Speaker 1: to emerge over taxes and the economy as lawmakers votes
Speaker 1: in there are the field. Here's former Chancellor Rishi Sunak,
Speaker 1: Foreign Secretary Liz Trust. This is something for nothing. Economics
Speaker 1: isn't conservative socialism Under your plans, we are predicted to
Speaker 1: have a recession because you have raised tax It is
Speaker 1: cutting back on growth, it is preventing companies from investing,
Speaker 1: and it's taking money out of people's pockets. That is
Speaker 1: no way to get the economy going during a recession.
Speaker 1: But she seen I've seen as the front run or
Speaker 1: Penny more Than's runs second list. Trust is third, but
Speaker 1: a recent poll shows that she would beats all contenders
Speaker 1: in the final run off between toury members. Live in London.
Speaker 1: I'm your parts, make day break, are you and thank you?
Speaker 1: We moved to Italy now where around Minister Mario drag
Speaker 1: is under mounting pressure to reverse his pledge to resign.
Speaker 1: Draggy appears determined to leave office, but Summer pushing for
Speaker 1: him to stay. Bloomberg tomaso Ebb Heart has more from
Speaker 1: the lawn. The pression is not coming from political parties,
Speaker 1: but he's coming from the country, from a business leader,
Speaker 1: from professor, from major of more than four hundred cities.
Speaker 1: So there is growing impression but at the moment Mario
Speaker 1: drag seems determined to live because of the national unity government.
Speaker 1: Death used to run is not there anymore. The collision
Speaker 1: is essentially broken. Bloomberg Tomasso Eve heard about Laan, says
Speaker 1: Mario Draggy will address lawmakers Wednesday to declare whether or
Speaker 1: not he'll quit the government. Turning the Asia now, Karen,
Speaker 1: it was a good day for equities thanks to softer
Speaker 1: signs from the Fed and pledges from China to or
Speaker 1: up the economic growth. Bloomberg's Juliette Sally joins us with
Speaker 1: details from Singapore. Good morning, Juliet, Good morning, Nathan and Karen.
Speaker 1: The MSCI Asia Pacific Index excluding Japan, which was closed
Speaker 1: for a holiday, gained more than one percent, boosted by
Speaker 1: a jump in Chinese tech shares. Sentiment across mainland equities
Speaker 1: and in Hong Kong was boosted after the p POC
Speaker 1: indicated it will step up implementation of prudent monetary policy.
Speaker 1: Shares of Chinese developers jumped by the most in nearly
Speaker 1: a month, following a report that the nation's banking regulator
Speaker 1: has urged lenders to support the sector amid a growing
Speaker 1: mortgage Boykosh in Singapore, Juliette Sally Bloomberg, daybreak, All right, Juliet,
Speaker 1: thank you. Meantime, in China, cases of COVID nineteen remain elevated,
Speaker 1: Shanghai rolling out Mounse testing, and nine districts to stamp
Speaker 1: but infections. The country reported five ten cases for Sunday
Speaker 1: after new infections jumped to five hundred eight on Saturday.
Speaker 1: Stern Politics, Now, Karen and the latest developments on Capitol Hill.
Speaker 1: The January six Committee now says it expects to get
Speaker 1: Secret Service text before tomorrow's deadline. Bloomberg said, Baxter has
Speaker 1: the story. These are texts that it was first said
Speaker 1: were deleted in a system upgrade text that we're not
Speaker 1: backed up. Now. Committee member Zoe Lofgren says, a change
Speaker 1: in tune. And there was a statement made by the
Speaker 1: spokesperson for the Department saying that you know, it wasn't true,
Speaker 1: it wasn't fair, and that they in fact had pertinent texts.
Speaker 1: And remember, Adam Kissinger says he hopes to get good information.
Speaker 1: It is quite crazy that the Secret Service would actually
Speaker 1: end up deleting anything related to one of the more
Speaker 1: infamous days in American history. And he says he doesn't
Speaker 1: know exactly what they'll get in San Francisco. I'm at
Speaker 1: Baxter Bloomberg daybreak and thank USMP futures right now at
Speaker 1: thirty six points down futures of sixty one. NASTAC futures
Speaker 1: are higher by a hundred forty points. Tend your treasury
Speaker 1: yield two point straight ahead your latest local headlines, and
Speaker 1: to check of sports. This is Bloomberg and it's six
Speaker 1: so seven on Wall Street. We're seventy seven degrees in
Speaker 1: Central Park. The Harlem River Drive is jammed southbound of
Speaker 1: the hundred forty street bridge with a crash clearing. Details
Speaker 1: coming up in traffic. First John Tucker with more on
Speaker 1: what's going on in New York and around the world.
Speaker 1: Gorney John Nathan. Another deadly mass shooting, this one he's
Speaker 1: not had a shopping mall in Greenwood, Indiana, please say.
Speaker 1: The still unidentified adult male enter the mall's food court
Speaker 1: shortly enter six pm local time yesterday, apparently with a
Speaker 1: long gun and magazines of ammunition, and started shooting. Five
Speaker 1: people were shot, three of them died. Police say a
Speaker 1: good samaritan who was armed shot the attacker, killing him.
Speaker 1: The real hero of the day is the citizen that
Speaker 1: was lawfully carrying a firearm in that food court and
Speaker 1: was able to stop the shooter almost as soon as
Speaker 1: he began. That's the Greenwood Police chip Jim Eisen a
Speaker 1: demic investigative report about the mass shooting in Texas. That
Speaker 1: report finds nearly four hundred law enforcement officials rushed to
Speaker 1: the mass shooting at the Vivaldi Elementary School, but egregiously
Speaker 1: poor decision making resulted in more than an hour of
Speaker 1: chaos for the government. Who took one lives was finally
Speaker 1: confronted and killed. With many New york Is frustrated with crime,
Speaker 1: Mayor Eric Adams has been on the road raising money.
Speaker 1: That story in this report from Bloomberg's Lisa Matteo, the
Speaker 1: mayor raised more than eight hundred and fifty thousand dollars
Speaker 1: for his re election campaign barely six months after taking office.
Speaker 1: The figure comes from filings with the city's campaign finance Board.
Speaker 1: According to The Times, the campaign hall is a result
Speaker 1: of Mr adams is traveling across the country to raise
Speaker 1: money for a second term. Nearly half of Mayor Adams's
Speaker 1: campaign donations, more than four hundred thousand dollars came from
Speaker 1: outside New York City. The donors include leaders from real estate, casino,
Speaker 1: and sports betting businesses. Lisa Matteo Bloomberg Daybreak. New York
Speaker 1: City is considered the emp center of the U S
Speaker 1: monkey pox outbreak, and on Sunday, three mass vaccination sites
Speaker 1: open to the city among a limited supply of shots.
Speaker 1: New York Cities approaching five hundred confirmed cases of monkey fox.
Speaker 1: The city's health commissioners thanks that number will grow as
Speaker 1: testing ramps up. Well, maybe this time is the charm.
Speaker 1: Jennifer Lopez and Ben Affleck were married Saturday in a
Speaker 1: late night Las Vegas drive through chapel, culminating a relationship
Speaker 1: that stretched over two decades and two separate romances and
Speaker 1: headline countless tabloid covers. Lopez and Affleck famously dated in
Speaker 1: the early two thousands, spotting the nickname Benefit, before rekindling
Speaker 1: the romance last year. Global News twenty four hours a
Speaker 1: day on Aeron on Bloomberg Quick Take power by the
Speaker 1: twenty seven Hunter journalists and analysts more than one hundred
Speaker 1: twenty countries. I'm John Soccer, this is Bloomberg. You just
Speaker 1: wanted to say Benefit. This morning, didn't you John? Thank
Speaker 1: you absolutely? Six ten on Wall Street. John Stashower has
Speaker 1: the Bloomberg Sports Update. All right, Nathan Rory McElroy has
Speaker 1: to be wondering what he got to do to win
Speaker 1: that elusive fifth career major, the Open Championship at St. Andrews.
Speaker 1: He had the full stupp board of the karate shot
Speaker 1: eighteen under Farland were bogey's the entire tournament none In
Speaker 1: yesterday's final round, he still blew up four start league
Speaker 1: Am Smith, the twenty eight year old Loss's simply out
Speaker 1: putted and ran off five straight druties to start to
Speaker 1: back nine. Smith's twenty under tied the record for major.
Speaker 1: Tam Young, theo Westchester native who began the Open the
Speaker 1: sixty four, finished it with a sixty five out of
Speaker 1: the eagle on the par four eighteenh pold, so he
Speaker 1: finished second. McElroy was third two just funding because of five.
Speaker 1: This year's when some this year's going. I mean, I'm
Speaker 1: playing some of the best golf, but I've played in
Speaker 1: a long time, so it's just a matter of keep,
Speaker 1: you know, knocking on the door and eventually McIlroy still
Speaker 1: hasn't one of major since two thousand, fourteen. Yankees hit
Speaker 1: the All Star K sixty four and twenty eight. Even
Speaker 1: with a bad week when they lost five out of six,
Speaker 1: they won the last two with the Red Sox by
Speaker 1: a combined twenty seven to three thirteen to two. Yesterday,
Speaker 1: Tim Locastro the unlike the hitting star three hits and
Speaker 1: home run. Garrett Cole struck out twelve for his ninth win.
Speaker 1: Metts seemed on their way. They was sweeping in Chicago,
Speaker 1: cub score twice in the eighth inning, won three to two.
Speaker 1: Mets are fifty eight and thirty five, two and a
Speaker 1: half ahead of Atlanta. Year ago, the Mets with the
Speaker 1: tenth pick of the draft to Kumar Rocker Picture from Vanderbilt.
Speaker 1: Then they had injury concerns never signed him. He went
Speaker 1: back into the draft in a surprise. He was taken
Speaker 1: third overall by Texas. The sons of fuller major leaguers
Speaker 1: Matt Holliday and Andrew Jones were taken one two by
Speaker 1: Baltimore and Arizona. John Stashi, We're Bloomberg Sports, Nathan, thank you,
Speaker 1: John SMP futures up thirty eight points. Stout futures up
Speaker 1: two D seventy three Nasdaq futures are higher right now
Speaker 1: by one hundred forty six points. You're listening to Bloomberg
Speaker 1: Day Bright Climberg eleven three oh. Weather cloudy today, some
Speaker 1: showers and storms developing by midday with highs in the
Speaker 1: low eighties. Will get near ninety tomorrow under mostly sunny sky.
Speaker 1: Mid nineties. Gonna be hot for Wednesday. Right now seventy
Speaker 1: six in Central Park