Speaker 1: By from the Bloomberg Interactive Brooker Studios is Bloomberg day
Speaker 1: Break for Friday, June three, two. Coming up this hour,
Speaker 1: President Biden pleads with Congress to tough and gun laws.
Speaker 1: New York lawmakers raised the h device semi automatic rifles.
Speaker 1: Investors await the May employment report and job cuts may
Speaker 1: be coming at Tesla. Lawmakers agree to a financial boost
Speaker 1: to repair New York City's public housing developments. Plus the
Speaker 1: man Hunt court sexes prisoners gape killed five on the
Speaker 1: Loos is Over, I'm Michael blarm or a half. I'm
Speaker 1: John stash Own Sports. The Mets shut out by the Dodgers,
Speaker 1: the Yankees swept the double letter from the Angels, the
Speaker 1: Celtics one game one of the NBA Final. That's alls
Speaker 1: Training ahead on Bloomberg day Break on Bloomberg eleven three
Speaker 1: on New York, Bloomberg one, Washington, d C, Bloomberg one
Speaker 1: O six one, Boston, Bloomberg nine sixties and Francisco Sirius
Speaker 1: Exam one nine team and around the world Old Bloomberg
Speaker 1: Radio dot Com and via The Bloomberg Business and Good Morning,
Speaker 1: I'm Karen Moscow, Nathan Hagar Bloomberg Daybreak is brought to
Speaker 1: you by Informatica in the cloud. Your data has the
Speaker 1: power to do the extraordinary. Managed data across any location
Speaker 1: in the cloud for accurate and actionable insights. More at Informatica,
Speaker 1: dot Com and US futures are lower this morning. It's
Speaker 1: FABO one on Wall Street and we check the markets
Speaker 1: every fifteen minutes throughout the trading day. On bloomberg S
Speaker 1: and P Future is down about eleven points down. The
Speaker 1: Future is down sixty four. NASDAG Future is down fifty four,
Speaker 1: and the ten year Treasury is down one thirty second
Speaker 1: yield two point nine one percent. They yield on the
Speaker 1: two year two point six three NIMEX Scrude oil is
Speaker 1: down eight tenths of a percent. Nathan Well, Karen, We
Speaker 1: begin this morning with a plea for action from President
Speaker 1: Biden after a wave of deadly mass shootings across the country.
Speaker 1: Do something, Just do something, for God's sake, do something.
Speaker 1: In a primetime address from the Fine House, the President
Speaker 1: called for a ban on assault weapons and high capacity
Speaker 1: magazines and an end to lawsuit protection for gunmakers. He
Speaker 1: said responsible gun owners shouldn't be worried about their rights
Speaker 1: going away. Machine guns have been federally regulated for nearly
Speaker 1: ninety years, and this is still a free country. This
Speaker 1: isn't about taking you anyone's rights shoile protecting children while
Speaker 1: protecting families, while protecting whole communities. As President Biden spoke,
Speaker 1: the House Judiciary Committee approved a bill that would raise
Speaker 1: the minimum age to buy semi automatic rifles and band
Speaker 1: high capacity magazines. That bill is not likely to pass
Speaker 1: in the Senate. Meantime, Nathan lawmakers in New York have
Speaker 1: raised the age to buy semi automatic rifles. The New
Speaker 1: York State Legislature approved increasing the legal age to twenty
Speaker 1: one from eighteen. It also passed a package aimed at
Speaker 1: reducing the likelihood of mass shootings by tightening roles to
Speaker 1: purchase firearms and other military equipment. Then they bring New
Speaker 1: Jersey Karen. Governor Phil Murphy says he's optimistic his date
Speaker 1: will also enact stronger gun laws. New Jersey is one
Speaker 1: of the strongest gun safety states in America. We've got
Speaker 1: a lot of past and signed in our four and
Speaker 1: a half years. Because yet another package of bills that
Speaker 1: we think could make our stadium the safer can. We
Speaker 1: want to get those over the New Jersey Governor Phil
Speaker 1: Murphy spoke with David Weston on Bloomberg's Balance of Power.
Speaker 1: You can catch that program at noon Eastern on Bloomberg
Speaker 1: Radio and Television. In the interest of transparency, we should
Speaker 1: note that Michael Bloomberg, the founder and majority owner of
Speaker 1: Bloomberg LP, the parent company of Bloomberg Radio, is a
Speaker 1: donor to groups that support gun control. Well, another major
Speaker 1: story we're following this morning, Nathan, the House panel investigating
Speaker 1: last year's Capitol Hill insurrection is ready to take its
Speaker 1: findings public, and Bloomberg's Amy Morris has details from our
Speaker 1: newsroom in Washington. After nearly a year of investigation, subpoenas,
Speaker 1: and testimony, the January sixth panel will lay out its
Speaker 1: findings for the public in a series of hearing starting
Speaker 1: next Thursday. Most of their work has been behind closed doors,
Speaker 1: but now members say the panel will present preview the
Speaker 1: unseen material documenting what happened on January six and provide
Speaker 1: a summary of its findings. The first of a series
Speaker 1: of public hearings is set for eight o'clock Thursday night.
Speaker 1: It's prime time in the US to give the investigation
Speaker 1: maximum exposure. In Washington. I'm maybe more as Bloomberg Daybreak.
Speaker 1: All right, Amy, thank you. Also in Washington this morning,
Speaker 1: we get the release of the May jobs report. Economists
Speaker 1: predict three d twenty thousand non farm payrolls are created
Speaker 1: last month. Regardless, Andrew Husby, US and Canada economists for
Speaker 1: Bloomberg Economics, does not think the report will affect Fed policy.
Speaker 1: You know, early signs that labor demand is cooling, But
Speaker 1: certainly there's nothing in this report that's going to shape
Speaker 1: the head off of tightening moves of at least fifty
Speaker 1: basis points at the next couple of meeting. Andrew Husby
Speaker 1: and Bloomberg Economics says, look for that next half point
Speaker 1: rate hike at the FEDS policy decision coming up June. Well,
Speaker 1: the feds major focus right now, of course, is curbing inflation,
Speaker 1: and Black Rock chair and CEO Larry fing is weighing
Speaker 1: in on the matter. He tells Bloomberg the Fed may
Speaker 1: not have the tools right now to deal with higher prices.
Speaker 1: There's greater recognition that inflation is not transitory. It is
Speaker 1: probably with us for a number of years, and at
Speaker 1: the type of inflation that I don't believe the Federal
Speaker 1: Reserve has the policy or the tools to do much
Speaker 1: with it right now. And I'm personally not blaming the
Speaker 1: Federal Reserve for where they where we are right now,
Speaker 1: but I believe most of the problems we're living with
Speaker 1: today are more policy generated and supply generated. When it
Speaker 1: comes to the economy of black Rock, CEO Larry Fink
Speaker 1: tells us he thinks demand is just about back to
Speaker 1: pre COVID levels. All right, let's turn to corporate news now,
Speaker 1: Karen and the latest from Elon Musk. The test Less
Speaker 1: CEO has reportedly told executives the electric car maker needs
Speaker 1: to cut staff by about ten percent. According to Reuters,
Speaker 1: Musk sent out an email titled pause all hiring worldwide.
Speaker 1: The report says Musk has quote a super bad feeling
Speaker 1: about the economy right now. Testless shares her down three
Speaker 1: percent in early trading. Well on the flip side, Nathan
Speaker 1: Walmart is adding employees. That retailer will build four new
Speaker 1: e commerce warehouses and a push to speed deliveries. The
Speaker 1: move will create more than four thousand jobs. It also
Speaker 1: will let Walmart reach of the US population with one
Speaker 1: or two days shipping. That's ut from about seventy five
Speaker 1: percent right now and on the earning stront today Karen.
Speaker 1: Shares of Lulu Lemon are up more than one percent
Speaker 1: in early trading. The company reported results that beat estimates.
Speaker 1: We get the details from Bloomberg's Doug Prisoner. The athletic
Speaker 1: ware retailer reported comp stores sales rose in the first
Speaker 1: quarter and net revenue reached one point six billion dollars. Importantly,
Speaker 1: Lulu Lemon also raised its full year forecast. The company
Speaker 1: is expecting sales to reach as much as seven point
Speaker 1: seven billion in its fiscal year. Lulu Lemon has been
Speaker 1: accelerating deliveries to get products to stores in time to
Speaker 1: meet robust demand. Even so, the company says logistics problems
Speaker 1: that hurt performance since the holiday season haven't yet fully
Speaker 1: been alleviated. In New York, I'm Doug Prisner, Bloomberg Daybreak. Okay, Doug,
Speaker 1: thank you right now. S and P futures are down
Speaker 1: eleven points, Stown futures down sixty nine, Nasdaq futures are
Speaker 1: lower by fifty five points. The Tenure Treasury is down
Speaker 1: one thirty second yield two point nine one, and nim
Speaker 1: X screwed is down seven tenths percent at a hundred
Speaker 1: fifteen cents of barrel straight ahead, your latest local headlines,
Speaker 1: and a check of sports. This is Bloomberg Sound five
Speaker 1: oh seven on Wall Street where at sixty four foggy
Speaker 1: degrees in such a part the deal etting with a
Speaker 1: tractor trailer fire cleaning that up eastbound route to eighty
Speaker 1: by eggs at nine. Details coming up in traffic. First
Speaker 1: Michael Barr with what else is going on in New
Speaker 1: York and around the world. Happy Friday, Michael, Happy Friday
Speaker 1: to you, Nathan. New York lawmakers have approved a new
Speaker 1: entity to help finance much needed renovations at New York
Speaker 1: City's public housing developments. The New York City Public Housing
Speaker 1: Preservation Trust will allow the New York City Housing Authority
Speaker 1: to borrow money by pooling federal housing vouchers. The money
Speaker 1: will be used to make urgent repairs to as many
Speaker 1: as one hundred thousand units, many of them plagued by
Speaker 1: mole leaks and lead paint, and made critical upgrades to
Speaker 1: boilers and elevators. Texas prison officials say a convicted murderer
Speaker 1: on the run since escaping a prison bus on May
Speaker 1: twelve has been killed after he killed a family of
Speaker 1: five and took their truck. Prison spokesman Jason Clark says
Speaker 1: Gonzala Lopez was shot dead by law enforcement south of
Speaker 1: San Antonio late last night. Very saddened that the murders happened,
Speaker 1: but I will tell you that we are breathing a
Speaker 1: sigh of relief that Lopez will not be able to
Speaker 1: hurt anyone else. Prison spokesman Jason Clark says the five
Speaker 1: killed and their residents included an adult and four miners.
Speaker 1: After Lopez broke in. Authorities in Tulsa, Oklahoma, say the
Speaker 1: suspect who killed four people inside a medical building Wednesday
Speaker 1: was a patient to one of the victims. The victims
Speaker 1: have been identified as Dr Preston Phillips, Dr Stephanie Houston,
Speaker 1: Amanda Green, and William Love. The suspect has been identified
Speaker 1: as Michael Lewis. Tulsa Police Chief Windoll Franklin said Dr
Speaker 1: Phillips performed back surgery on Lewis, who was angry about
Speaker 1: lingering pain. Following the operation. We have also found a
Speaker 1: letter on this suspect which made it clear that he
Speaker 1: came in with the intent to kill Dr Phillips and
Speaker 1: anyone who got in his way. Gee Franklin says the
Speaker 1: shooter took his own life when officers closed in Britain
Speaker 1: continues to mark the Queen's platinum jubilee. Today, a service
Speaker 1: of Thanksgiving takes place in St. Paul's Cathedral for the
Speaker 1: Queen's historic seventy years of service. Harry and Megan will
Speaker 1: be there. However, Prince Andrew will not. He tested positive
Speaker 1: for COVID, and the Queen, who was ninety six, decided
Speaker 1: to skip the trip because it will just be too
Speaker 1: much for her. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quick Takee, powered by more
Speaker 1: than journalists and analyst more than a hundred twenty countries.
Speaker 1: Michael bar this is Bloomberg. Nathan all right, Michael, thank you,
Speaker 1: oh for count up to five ten on Wall Street.
Speaker 1: Time for the Bloomberg Sports Update. Good morning, John Sesshire, morning,
Speaker 1: Nathan starting. Pitching has carried the Yankees to this great start,
Speaker 1: and it was on display of the Brons and the
Speaker 1: doubleheader sweep of the Angels. Up first was Nestor Cortez,
Speaker 1: arguably the best pitcher of the Major so far. Seven
Speaker 1: more scoreless innings the Yanks at four solo home runs
Speaker 1: three came off Sho hey Otani. They won six to one,
Speaker 1: as Cortes lowered as the r eight to one and
Speaker 1: a half. And then it was Jamison Tyone's turned coming
Speaker 1: off eight scoreless innings when he lowed only two hits.
Speaker 1: Tylon went eight innings again. He had a perfect game going.
Speaker 1: In the eighth, Angels broke it up and broke up
Speaker 1: a scoreless game, but the Yanks came through bottom of
Speaker 1: the eighth inning the two out, two run game winning
Speaker 1: pinch hit single for Anthony Rizzo. Yanks won two to
Speaker 1: one to sweep the twin Bill. Mets started a ten
Speaker 1: game Southern California road trip. They had only three hits,
Speaker 1: lost the Dodgers to nothing. That ends the Mets six
Speaker 1: game winning three. Game one of the NBA Finals, the
Speaker 1: Celtics trailed by fifteen, but then had a big fourth
Speaker 1: quarter take over the shoulder pass Marcus Smart left side three.
Speaker 1: Good night. What's then say bout Parcus ring? What they
Speaker 1: say at the seven Sports Tub in Boston. Celtics won
Speaker 1: that fourth quarter forty to sixteen. That's the most lopsided
Speaker 1: fourth quarter score in Finals history. They beat Golden State
Speaker 1: one to one. Oh eight, first team in finals history
Speaker 1: to come from more than ten down and win by
Speaker 1: more than ten. Salley cuple Haus, Colorado shut out Edmonton
Speaker 1: four nothing to the Ads of a two nothing leading
Speaker 1: in the West. The Rangers go for a two nothing
Speaker 1: in the East. Tonight it's at the Garden with the
Speaker 1: Rangers won seventh straight game two with Tampa Bay Raphael
Speaker 1: the dal versus alex Arabo. Today Frank Copen Semifinal, John
Speaker 1: stash Award Bloomberg scorts stat okay John, Thanks Right now,
Speaker 1: SMP futures are down eleven points, Staff futures down sixty four,
Speaker 1: Nasdaq futures down fifty seven points. The tenure Treasury is
Speaker 1: down one thirty second yield two point nine one per cent.
Speaker 1: Terry Haynes of Pangaea Policy with US next on the
Speaker 1: future for gun restrictions on Capitol Hill. This is Bloomberg
Speaker 1: Bloomberg eleven three oh wather any remaining showers on early
Speaker 1: It'll turn probably mostly sunny today with highs in the
Speaker 1: mid seventies, upper seventies Tomorrow low seventies. Sunshine for Sunday.
Speaker 1: Right now sixty four and foggy in Central Park markets.
Speaker 1: Headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quicktake,
Speaker 1: He's a Bloomberg Business Flash and I'm Karen Moscow. U
Speaker 1: Stock Indix futures are falling after a report that Tesla
Speaker 1: chief executive officer Elon Musk said the electric car maker
Speaker 1: needs to cut staff amid a gloomy economic outlook. Investors
Speaker 1: are also waiting key usp rolls data back they'll study
Speaker 1: for clues on the pace of federal reserve policy tightening.
Speaker 1: We checked the markets every fifteen minutes throughout the trading
Speaker 1: day on Bloomberg S and P Future is down about
Speaker 1: fourteen points this morning. Down features down seventy nine. Nasdack
Speaker 1: futures down sixty nine. The decks in Germany's up a
Speaker 1: third of a percent ten Your Treasury down one thirty
Speaker 1: second deal two point on one percent. They yield on
Speaker 1: the two year two point six three percent. Ni Max
Speaker 1: screwed oils down eight tenths percent or ninety three cents,
Speaker 1: and a hundred fifteen dollars ninety four cents of Barrel
Speaker 1: Comic schol down a quarter percent or four dollars thirty
Speaker 1: cents at eighteen sixty seven ten announced the euro one
Speaker 1: point oh seven five zero against the dollar, British pound
Speaker 1: one point to five seven one, and the ends at
Speaker 1: one thirty point oh five. Look at a bitcoin this morning,
Speaker 1: a tenth of a percent at thirty thousand, two hundred
Speaker 1: sixty dollars as of Bloomberg Business Flash. Now here's Michael
Speaker 1: Barr with more on what's going on around the world. Uncle,
Speaker 1: good morning, Good morning, Karen. President Joe Biden called for
Speaker 1: a ban on sales of assault weapons and high capacity magazines.
Speaker 1: Many more innocent American lives must be taken before we
Speaker 1: say enough enough. Meanwhile, the New York Legislature approved raising
Speaker 1: the legal age buy semi automatic rifles from eighteen to
Speaker 1: twenty one. Game one of the NBA Finals, the Celtics
Speaker 1: beat the Warriors. After Wednesday's win, the Rangers host Game
Speaker 1: two of the NHL East Final tonight against the Lightning.
Speaker 1: In baseball, the Yankees one a double header. The Mets lost,
Speaker 1: along with the Nationals, Orioles and Giants. Global News twenty
Speaker 1: four hours a day on air end on Bloomberg Quicktake,
Speaker 1: powered by more than journalists and analysts more than a
Speaker 1: d twenty countries. Michael Barrn, this is Bloomberg. Nathan. Okay, Michael. Thanks,
Speaker 1: It's five nineteen on Wall Street Line from the Bloomberg
Speaker 1: Intractive Broker Studios. This is Bloomberg day Break. Let's get
Speaker 1: more now on President Biden's primetime golf call for new
Speaker 1: gun regulations following the wave of mass shootings across this country.
Speaker 1: Terry Haynes joins us this morning, the founder of Pangea Policy. Terry,
Speaker 1: it's good to speak with you this morning. The debate
Speaker 1: over what to do about gun violence has become all
Speaker 1: too familiar. I wonder what if any impact you think
Speaker 1: of primetime address has on shifting that debate. Good morning, Nathan.
Speaker 1: Uh you know one thing I would be looking at,
Speaker 1: and I'm kind of the impact. One thing I would
Speaker 1: be looking for is uh not is Twitter response, which
Speaker 1: of course is not perfect, but we'll give you an
Speaker 1: indication of the kind of the heat, if not the light.
Speaker 1: And my quick scan of Twitter this morning on trendings
Speaker 1: and everything else, news and everything else showed it was
Speaker 1: barely a blip. It wasn't the top two among the
Speaker 1: top twenty trending. I think is a bad sign for
Speaker 1: the White House. But you know, bottom line, I think
Speaker 1: I think I'm about something is likely to happen on
Speaker 1: this UM. And that's despite the president's speech because fundamentally,
Speaker 1: I think that senators are working in good faith to
Speaker 1: come up with some common sense reforms that have been
Speaker 1: long overdue. Frankly, UM, and the ability to do that
Speaker 1: for many people will will will function politically as an
Speaker 1: incumbent protection program. Uh. The the ability to say you've
Speaker 1: done something uh in in the basic political mind, you know,
Speaker 1: is a is a good thing. So UH, you know,
Speaker 1: today I think something is very much likely to happen.
Speaker 1: But you know, I think the President did not help
Speaker 1: himself on this last night for a couple of reasons.
Speaker 1: One is, it looks like you're leading from behind. UH.
Speaker 1: Saying you know, we hope something will happen in the
Speaker 1: Congress makes it look like, UH, what you're doing is
Speaker 1: uh is engaging in a political exercise from calling for
Speaker 1: something so you can get credit for it if something happens.
Speaker 1: And uh, you know, and you know, frankly, going out
Speaker 1: of your way to uh to criticize the other party
Speaker 1: is not exactly the best way to get the other
Speaker 1: party's cooperation. So you know, I didn't think he did
Speaker 1: himself any favors, particular after about the first ten or
Speaker 1: fifteen minutes at that speech. But uh, but I do
Speaker 1: think something is likelier than not to happen today. As
Speaker 1: you say, the President has been letting send a negotiations
Speaker 1: sort of go forward without him. Are you implying that
Speaker 1: he should get more directly involved in those discussions. Well, yeah,
Speaker 1: if he's uh you know, put put bluntly, I mean,
Speaker 1: if he if he's serious about about doing something, what
Speaker 1: he ought to be doing is reaching past party, past
Speaker 1: his own political party. And instead what happened last night
Speaker 1: was I think too much about uh, you know, his
Speaker 1: own party's positions and applause lines and and not enough
Speaker 1: about saying, hey, look, you know we're all going to
Speaker 1: get together on this stuff, and I'm gonna jump in.
Speaker 1: I'm going to do what it takes uh to make
Speaker 1: this happen. Uh. And you know that last line in particular,
Speaker 1: wasn't there. Now? I understand you know the the the
Speaker 1: difficulties here uh politically because President was in exactly this
Speaker 1: situation uh nine years ago on the background checks uh
Speaker 1: legislation sponsored by Senator's mansion. And to me and you
Speaker 1: know that didn't get the sixty votes necessary frankly, because
Speaker 1: four votes on the four votes and one party went
Speaker 1: the opposite away, and four votes and the other party
Speaker 1: want the opposite way. Uh. You know, some of those
Speaker 1: people aren't there anymore. But you know, this is not
Speaker 1: a one party problem. It's not a one party solution.
Speaker 1: But if you want to get in and get something done, uh,
Speaker 1: you know, you actually need to do it instead of
Speaker 1: just calling on other people to do it. You only
Speaker 1: have about a minute left here, Terry. You say you're
Speaker 1: something getting done in the Senate. What does that something
Speaker 1: look like? Do you think? Um? I think that's something
Speaker 1: is you know, the people are saying that it's uh,
Speaker 1: that it's pretty modest, and you know, and of course
Speaker 1: I think that's true. I think you're looking at the
Speaker 1: background checks, the age raise, the red flags, all the
Speaker 1: kind of obvious stuff and uh. And you know, frankly,
Speaker 1: I think Washington will do what Washington will do about
Speaker 1: you know, the mental health basket of issues here has
Speaker 1: more to do with throwing money at things than than
Speaker 1: anything else, and Washington certainly proved itself to be good
Speaker 1: at that. Recently, on a bunch of things, so you
Speaker 1: know that that'll probably be a default, but you won't
Speaker 1: see much more than that. Uh and uh, you know,
Speaker 1: I wonder frankly whether you know I start I started
Speaker 1: by saying I think this is a political instinct to
Speaker 1: get something done. I wonder if that doesn't boomerang on
Speaker 1: some people though, because you know, because it is so
Speaker 1: modest compared to the problem. All right, Terry Haynes as
Speaker 1: always good to get your thoughts. Terry Haynes, founder of
Speaker 1: Pangia Policy with us this morning. SFP Future is right
Speaker 1: now down fourteen points. South Future is down one. NASTAC
Speaker 1: Futures down seventy four points. Just ahead, state moves on
Speaker 1: gun safety in New York and New Jersey, and Elon
Speaker 1: Musk says he has a super bad feeling about the economy.
Speaker 1: Top stories of the morning just ahead on Bloomberg Day,
Speaker 1: bright Bloomberg eleven three oh weather partly to mostly sunny
Speaker 1: later today with the high year seventy five degrees upper
Speaker 1: seventy sunshine to start the weekend tomorrow. It'll stay sunny,
Speaker 1: low seventies for Sunday. Right now sixty four in Central Park,
Speaker 1: broadcasting live from the Bloomberg interactive broker studio in New York,
Speaker 1: Bloomberg E Living Free to Washington, d C. Bloomberg to Boston,
Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg nine
Speaker 1: sixty to the country, Sirius XM Chadle one nine and
Speaker 1: around the globe the Bloomberg Business app and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak. It's my thirty on
Speaker 1: Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Moscow.
Speaker 1: We're just about four hours away from the open of
Speaker 1: you US trading. Let's get you up to date on
Speaker 1: the news you need to know at this hour. And
Speaker 1: we begin with a plea for action from President Biden
Speaker 1: after a wave of deadly mass shootings across the country,
Speaker 1: more kids and soldiers killed by guns, for God's sake,
Speaker 1: how much more? Carnerge A're we willing to accept? And
Speaker 1: at primetime address from the White House, the President called
Speaker 1: for a ban on assault weapons and high capacity magazines
Speaker 1: and an end to lawsuit protection for gunmakers. He said
Speaker 1: responsible gun owners should not be worried about their rights
Speaker 1: going away. In fact, we believe we should be treating
Speaker 1: responsible gun owners. As an example, of Hower, every gun
Speaker 1: owner should behave. As President Biden spoke, the House Judiciary
Speaker 1: Committee approved a bill that would raise the minimum age
Speaker 1: to buy semi automatic rifles and van high capacity magazines.
Speaker 1: That bill is not likely to pass in the Senate. Well, meantime,
Speaker 1: in New York here and lawmakers, they're raised the legal
Speaker 1: age to buy send me out of back rifles to
Speaker 1: from eighteen. They also passed legislation tightening rules to purchase
Speaker 1: firearms and other military equipment. Well in neighbor New Jersey,
Speaker 1: Nathan Governor Phil Murphy is optimistic his state will enact
Speaker 1: stronger gun laws, but says New Jersey cannot do it alone.
Speaker 1: We're not an island or of the crime guns that
Speaker 1: are recovered in New Jersey from honest state, so we
Speaker 1: need conference to act. New Jersey Governor Phil Murphy spoke
Speaker 1: to David Weston on Bloomberg's Balance of Power, airing noon
Speaker 1: Eastern on Bloomberg Radio and Television. Man. In the interest
Speaker 1: of transparency, we should note that Michael Bloomberg, founder majority
Speaker 1: owner of Bloomberg LP, the parent company of Bloomberg Radio,
Speaker 1: donates to groups that support gun control. One of the
Speaker 1: major story we're following this morning, Nathan, the House panel
Speaker 1: investigating last year's Capitol Hill insurrection is ready to take
Speaker 1: its findings public. The first set of public hearings begins
Speaker 1: next Thursday. It's set to broadcast in primetime at eight pm.
Speaker 1: Stay in Washington. Can we get the release this morning
Speaker 1: of the May jobs report. Economists survey predict three twenty
Speaker 1: thousand non farm payrolls are created last month. And corporate
Speaker 1: news Nathan Elon Musk is reportedly looking to cut jobs
Speaker 1: at Tesla. According to Reuter's thee wants to cut staff
Speaker 1: by about ten percent. Musk send out an email titled
Speaker 1: pause all hiring worldwide. The report said Musk has quote
Speaker 1: super bad feelings about the economy. On the flip side, Karen,
Speaker 1: Walmart is adding employees. The retailer will build four new
Speaker 1: e commerce warehouses and a push to speed deliveries. The
Speaker 1: move will create more than four thousand jobs and we'll
Speaker 1: let Walmart reach of the US population with one or
Speaker 1: two day shipping. S and p Future is down about
Speaker 1: fifteen points this morning. Straight ahead, your latest local headlines
Speaker 1: plus the check of sports, and this is Bloomberg, all right, Karen,
Speaker 1: thanks sixty three degrees in Central Park at five thirty
Speaker 1: three on Wall Street. Got an accident on the northbound
Speaker 1: New Jersey Turnpike. Looks at the western spurad exit eighteen
Speaker 1: duty details coming up in traffic. First Michael Barr with
Speaker 1: what else is going on in New York and around
Speaker 1: the world. Michael, thank you very much. Nathan. Their New
Speaker 1: York public housing units full of mold, leaks, lead paint,
Speaker 1: broken boilers, and busted elevator. Yesterday, New York lawmakers approved
Speaker 1: a new entity to do something about it in finance
Speaker 1: much needed renovations. The New York City Public Housing Preservation
Speaker 1: Trust will allow the New York City Housing Authority to
Speaker 1: borrow money by pooling federal housing voutiers. The money will
Speaker 1: be used to repair as many as a hundred thousand units.
Speaker 1: Authorities in tell Us, Oklahoma, say the suspect who killed
Speaker 1: four people inside a medical building Wednesday was a patient
Speaker 1: to one of the victims. They have been identified as
Speaker 1: Dr Preston Phillips, Dr Stephanie Yusson, Amanda Green, and William
Speaker 1: Love Toulds. The police chief, Wendell Franklin, said Dr Phillips
Speaker 1: performed back surgery on the suspect. He blamed Dr Phillips
Speaker 1: for the ongoing pain following the surgery. Chief Franklin says
Speaker 1: the suspect has been identified as Michael Lewis. Authorities in
Speaker 1: Texas say a convicted murderer who escaped from a prison
Speaker 1: bus last month was shot dead by police last night
Speaker 1: after being accused of killing five people. Officials say Gonzala
Speaker 1: Lopez is believed to have killed an adult and four
Speaker 1: miners after breaking into a Leon County residents Atascosa County.
Speaker 1: Sheriff of David Soward says law enforcement spot at the
Speaker 1: pickup truck Lopez is believed to have stolen from the residents.
Speaker 1: After a brief chase, Lopez accident the truck and was
Speaker 1: killed in a shootout with officers. He was in prison
Speaker 1: for murder, so he's serving a last sentence already, so
Speaker 1: you know, he didn't want to go after prison obviously,
Speaker 1: and we knew what kind of person he was and
Speaker 1: what kind of action he probably was going to take.
Speaker 1: Sheriff Soward says no officers were injured. Britain continues to
Speaker 1: celebrate the Queen's jubilee for seventy years on the throne. Today,
Speaker 1: a service of Thanksgiving takes place in St. Paul's Cathedral. However,
Speaker 1: the Queen plans to skip the event. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than journalists and analysts more than a
Speaker 1: hundred twenty countries. H Michael Barr and this is Bloomberg.
Speaker 1: Nathan all right, Michael, thank you, Wall Street. Time for
Speaker 1: the Bloomberg Sports Update with John Steen Shower Acts Day.
Speaker 1: Then big comeback to start the NBA Finals, Golden State
Speaker 1: led Boston by fifteen. Celtics then won the fourth quarter
Speaker 1: of forty to sixteen, and they still Game one from
Speaker 1: the Warriors one oh eight. The Celtics made more than
Speaker 1: half of their three pointers. Steph Curry drained six threes
Speaker 1: in the first quarter, but only one after that. Samley
Speaker 1: Cup winous Colorado, who won Game one eight to six
Speaker 1: to Game two from Edmonton four and update in the
Speaker 1: asley of the West Finals to nothing Rangers in lightning
Speaker 1: Game two in the East tonight at the Garden. With
Speaker 1: the Rangers have won seven in a row. The Blue
Speaker 1: Shirts overall have won their last three by a combined
Speaker 1: seventeen to six at the Stadium. Doubleheaders sway if the Yankees,
Speaker 1: who teed off on show he O Tani in a
Speaker 1: game a year ago in the Bronx hit three solo
Speaker 1: home runs off him, including Aaron Judge's nineteenth of the year,
Speaker 1: and with Nestor Cortez dominant again, Yanks won the opener
Speaker 1: over the Angels six to one. The nightcap saw Jamison
Speaker 1: tyonn flirt with a perfect game. He lost it and
Speaker 1: lost the lead in the eighth inning, but the Yanks
Speaker 1: one two to one thanks to an Anthony Rizzo two
Speaker 1: out to run pinched single in the eight Mets had
Speaker 1: only three hits, lost the start of the road trip
Speaker 1: to the Dodgers to nothing. Tony Gonsolin now six and
Speaker 1: oh for l a t Betawan waffle and stuff at
Speaker 1: his first loss. Ryan Fitzpatrick, who came out of Harvard
Speaker 1: a quarterback in the NFL for seventeen season for nine
Speaker 1: different teams, including a stint with the Jets, retired at
Speaker 1: the age of thirty nine. Franch open the women's final
Speaker 1: tomorrow will be Poland's Eagles Swayattech, who's won thirty four
Speaker 1: matches in a row against the eighteen year old American
Speaker 1: Coco Golf Men's Semi's coming up today with Raphaelo dal Facing,
Speaker 1: Alex Sarraga, John Stashward Bloomberg Sports. Okay, John, Thanks, It's
Speaker 1: five seven on Wall Street. Time for the Tri State
Speaker 1: Business Report. Here's Bloomberg, Scott Carr, a Staten Island fixture,
Speaker 1: the eighty year old Nunzio's Pizzeria, and the Prime Corner.
Speaker 1: A lot slice of East Shore commercial real estate it
Speaker 1: sits on is on the market for a cool one
Speaker 1: point nine million. New York Business Journal reports that's inspired
Speaker 1: waves of panic among the pizza purists who have been
Speaker 1: going there for decades for their crisp crust pies covered
Speaker 1: with generous slabs of mozzarella. They had a little ribbon
Speaker 1: cutting this week to mark the return of Canada's largest airline,
Speaker 1: Air Canada, to Hartford's Bradley International Airport. They're restoring daily
Speaker 1: NonStop service between Connecticut and Toronto's Pearson International. The service
Speaker 1: had been shut down for two years since the start
Speaker 1: of the pandemic. The month of May saw drop in
Speaker 1: office space leasing in Manhattan. That's despite a lot of
Speaker 1: workers coming back to the city. Collier says leasing was
Speaker 1: down eight percent from April, and there's a lot of
Speaker 1: empty office and retail space available. That's the Bloomberg Tri
Speaker 1: State Business Report. I'm Scott Carr. Okay, Scott, thank you.
Speaker 1: It's five thirty eight on Wall Street. Bloomberg Radio is
Speaker 1: on the air from San Francisco to New York, London
Speaker 1: to Hong Kong. Let's check in with our global news
Speaker 1: team for some of the top stories heard on our
Speaker 1: three hundred affiliate radio stations around the world. I'm Steve
Speaker 1: Potas Scott TenTen Ins in New York. We're talking about
Speaker 1: an amended merger deal between Spirit and Frontier Airlines, including
Speaker 1: a breakup fee. I'm Ginas so Ready in for w
Speaker 1: BBM in Chicago. I'm reporting with at Walmart plans to
Speaker 1: build four new warehouses to stage deliveries, including one new
Speaker 1: facility in Juliet. I'm Stephen Carol on DAB Digital Radio
Speaker 1: in London. UK markets are closed as it's day two
Speaker 1: off the Queen's Platinum Jubilee celebrations, but the Monarch won't
Speaker 1: be attending the main Thanksgiving service at St. Paul's Cathedral.
Speaker 1: I'm Courtney Tannaho on ktr H in Houston. More than
Speaker 1: half of small business owners have open positions they felt.
Speaker 1: I'm Scott Carr on w w J in Detroit. I'm
Speaker 1: reporting on Board's being announced expansion into Michigan, and those
Speaker 1: are some of the stories our twenty hundred Bloomberg journalists
Speaker 1: and analysts are working on this morning around the world.
Speaker 1: It's thirty nine on Wall Street. The following is an
Speaker 1: editorial from Bloomberg Opinion. President Biden recently tightened sanctions on
Speaker 1: Russia and of the notch, pushing the country closer to
Speaker 1: defaulting on its debts. Keeping up this pressure on Russian
Speaker 1: President Vladimir Putin is justified, but a default wouldn't be
Speaker 1: the game change or some hope. Russia has been working
Speaker 1: hard to maintain its stept payments, proving that Putin regards
Speaker 1: default as a blow to his credibility. Until recently, Russian
Speaker 1: officials had been able to exploit a sanctions loophole that
Speaker 1: allowed debt payments to be made, but the US has
Speaker 1: since closed this channel. Still well now, right, default would
Speaker 1: harm Putin standing at home, It wouldn't change his thinking
Speaker 1: on Ukraine. To end the war, the US and its
Speaker 1: allies should concentrate, above all on curbing Russian energy exports
Speaker 1: that remains Russia's main economic vulnerability, and that's where the
Speaker 1: Alliance should keep its focus. This editorial was written by
Speaker 1: the Bloomberg Opinion Editorial Board. I'm David Shipley. For more
Speaker 1: Bloomberg opinion, please go to Bloomberg dot com, slash Opinion
Speaker 1: or OPA and go on the Bloomberg Terminal. This has
Speaker 1: been Bloomberg Opinion. Listen for Bloomberg opinion editorials every weekday.
Speaker 1: At this time, terminal customers can read more at O
Speaker 1: P I n GO, SMP futures are down fifteen point.
Speaker 1: Staff futures down, NASTACK futures lower by seventy eight points
Speaker 1: as we await the May payrolls report. Jennifer Lee, senior
Speaker 1: economists at BEMO Capital work. It's joins us next on jobs.
Speaker 1: This is Bloomberg Bloomberg eleven three oh Weather turning partly
Speaker 1: mostly sunny today with a hind your seventy five degrees
Speaker 1: upper seventies sunshine to start the weekend Tomorrow, low seventies,
Speaker 1: mostly sunny on Sunday right now sixty three in Central
Speaker 1: Park markets. Headlines and breaking news twenty four hours a
Speaker 1: day at Bloomberg dot Com. The Bloomberg Business apt and
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Speaker 1: for accurate and actionable insights. More at Informatica dot com
Speaker 1: US dock Index futures are falling after a report that
Speaker 1: Tesla chief executive Elon Musk said the electric car maker
Speaker 1: needs to cut staff amid a gloomy economic outlook, and
Speaker 1: investors are also awaiting the Mape Harrels report. At an
Speaker 1: eight thirty Wall Street time, we checked the markets every
Speaker 1: fifteen minutes throughout the trading day on Bloomberg. SNP futures
Speaker 1: down eighteen points this morning down futures down a hundred
Speaker 1: downs day futures down eighties six. The decks in Germany
Speaker 1: is up a third of a percent. The ten year
Speaker 1: treasury down one thirty second deal two point one one percent,
Speaker 1: yield on the two year two point six three percent.
Speaker 1: Nine x Screwed oil is down seven tenths percent or
Speaker 1: seventy five cents at a hundred sixteen dollars twelve cents
Speaker 1: of barrel and as of Bloomberg Business Flash. Now, here's
Speaker 1: Michael Barr with more on what's going on around the world. Michael,
Speaker 1: thank you very much, Karen. President Biden, in a primetime
Speaker 1: address renewe this call for action to stop gun violence
Speaker 1: in the US, Biden called for a ban on sales
Speaker 1: of assault weapons. The UK Devnsman Street says Russian forces
Speaker 1: f game momentum. One hundred days into the invasion into Ukraine,
Speaker 1: Moscow is pushing to capture the Donbas region. Game one
Speaker 1: of the NBA Finals, the Celtics beat the Warriors. After
Speaker 1: Wednesday's when the Rangers host Game two of the NHL
Speaker 1: East Final tonight against the Lightning. In baseball, the Yankees
Speaker 1: won a double header against the Angels. The Mats lost
Speaker 1: along with the Nationals, Orioles and Giants. Global News twenty
Speaker 1: four hours a day on air end on Bloomberg Quick
Speaker 1: Take Power by more than hundred journalists analysts more than
Speaker 1: a hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan. Okay, Michael,
Speaker 1: thanks for coming up to five forty nine on Wall
Speaker 1: Street Live from the Bloomberg Interactive Broker Studios. This is
Speaker 1: Bloomberg day Break on this Jobs Friday. We are joined
Speaker 1: this morning by Jennifer Lee, senior economist at BEMO Capital Markets,
Speaker 1: for look ahead to the May payrolls report DOT in
Speaker 1: less than three hours time, Jen, good morning. Looking at
Speaker 1: data on the Bloomberg terminal, looks like there's a pretty
Speaker 1: good amount of conviction that we're gonna see a slow
Speaker 1: down from last month's number of four twenty eight thousand
Speaker 1: non farm payrolls created in April. Is that what you're
Speaker 1: looking for? We are on board with that. Good morning. Yeah,
Speaker 1: we're looking for about a three increase um in the months,
Speaker 1: and this is following a couple of actually two straight
Speaker 1: months of four y eight thousand games. This is totally
Speaker 1: to be expected. I think, I don't there's no way
Speaker 1: you can continue on with those you know, seven hundred
Speaker 1: thousand plus games that we saw, you know, last year.
Speaker 1: It's a momentum starting too slow and this is just
Speaker 1: like a natural progression. But obviously continued job games is
Speaker 1: key to all of this. You know. Just ahead of
Speaker 1: this report coming out, we got this report from Reuter's
Speaker 1: that Tesla is looking to freeze hiring and slash jobs
Speaker 1: by ten percent, while at the same time Walmart is
Speaker 1: expanding and looking to add about four thousand jobs. Does
Speaker 1: that point to a broader shift in where job creation
Speaker 1: is happening right now? You know what. I've think that's
Speaker 1: interesting yet because U a certain somebody said that he
Speaker 1: was feeling super bad about the economy and and so
Speaker 1: that's why he's wanting he wants to cut the ten
Speaker 1: percent of his company's jobs. It's interesting because it's also
Speaker 1: sort of speaks to the word of some of the
Speaker 1: shortages lie um. You know, in in automation, for example,
Speaker 1: there's still you know, I mean, almost every sector is
Speaker 1: feeling the pain. So you're hearing a lot about companies
Speaker 1: who are buying more, investing more in automation and robotics
Speaker 1: and things like that. And that's one area I think
Speaker 1: that you know, potentially we can see some companies, you know,
Speaker 1: replacing human beings with with you know, with machines. And
Speaker 1: this is something that's been happening for years now. But
Speaker 1: I think the push is now on um and it
Speaker 1: has been on since the delabor market is so incredibly tight.
Speaker 1: But I think at the same time, with growth already
Speaker 1: starting to slow. You know, this is why this is
Speaker 1: the big series that you know, jug there's so much
Speaker 1: job demand out their job opening still you know, over
Speaker 1: eleven million for five months in a row. Now, at
Speaker 1: some point these things are starting to cool and companies
Speaker 1: going to think either a, you know, demand is starting
Speaker 1: to slow, maybe we don't need all these people that
Speaker 1: we've been trying to hire for or be you know,
Speaker 1: we've been dealing with a shortage already and I think,
Speaker 1: you know, we've been getting along, so maybe we can
Speaker 1: just make this work. So again, this is all starting
Speaker 1: to become, you know, part of the broader story. Now,
Speaker 1: as you mentioned, we do have a more than eleven
Speaker 1: million job opening still out there. Are we still seeing
Speaker 1: a mismatch when it comes to getting workers plugged in
Speaker 1: to those jobs. It's still a problem. And that and that,
Speaker 1: by the way, that I should mention that that Jolt
Speaker 1: survey was was not great news. Um, even though the
Speaker 1: number of openings are still super extremely high. I think
Speaker 1: at the same time that same month, hiring actually fell.
Speaker 1: So this is where that mismatch you know is happening.
Speaker 1: Even though there's still a lot of openings, not a lot,
Speaker 1: not as much hirings, not as many hirings taking place
Speaker 1: as we had wanted to to see at this point.
Speaker 1: Are we starting to see an effect from FED policy?
Speaker 1: The increase in frustrates and now the online of the
Speaker 1: balance sheet is that's starting to have some impact on
Speaker 1: where the labor market is going from here? Um I
Speaker 1: think maybe not. Um, Well, it's gonna it's gonna have
Speaker 1: an impact in terms so again slowing demand, and that
Speaker 1: will in turn create or or or cause slowy demand
Speaker 1: for for workers. I think. So it's just almost like
Speaker 1: what first, first is the demand, and then it's the
Speaker 1: demand for for workers themselves, And so yes, it's starting
Speaker 1: to have that impact. Um. But again I think the
Speaker 1: shortage itself, it's been so incredibly long that we've been
Speaker 1: talking about this, and I think this is where employers
Speaker 1: are going to start saying, maybe we don't need as
Speaker 1: many people as we thought. Um. And again, because of
Speaker 1: slory demand, we're probably gonna be starting to slow the
Speaker 1: hiring pace. And this is where I get the furious.
Speaker 1: So I again I continue to urge anyone out there
Speaker 1: who has, you know, multiple job offers, you have to
Speaker 1: take one before you know they start to disappear. Only
Speaker 1: about a minute left here, Jen, What impact, if any,
Speaker 1: do you think this Job's report will have on FED
Speaker 1: policy going forward? It seems like they're pretty focused on
Speaker 1: putting in a half percentage point rate hikes at least
Speaker 1: for the next couple of meetings here. Yes, I don't
Speaker 1: think it's going to have a huge I mean unless
Speaker 1: sort of seeing some hugely negative number. I don't think
Speaker 1: it's going to be very impactful for FED policy near term. Um,
Speaker 1: you know, they've already come out and said, you know,
Speaker 1: to expect fifty basis points in in in in July
Speaker 1: as well after the June hike. Now after that, I
Speaker 1: think I still think that they're going to go ahead
Speaker 1: faster than expected, or faster than the market initially was expecting,
Speaker 1: just to get to neutral and Brainardo actually alluded to
Speaker 1: that yesterday as well. Um, you know, for another fifty
Speaker 1: fifty and if we don't see how to slow down
Speaker 1: in the CPI, possibly another fifty after that. Thanks for this, Jen,
Speaker 1: great to have you on as always on the Jobs Friday,
Speaker 1: Jennifer Lee, senior economist at BMO Capital Markets. Karen Well Nathan,
Speaker 1: a legal story we're watching this morning fifty four on
Speaker 1: Wall Street, and we look at this story with Amber Herds,
Speaker 1: a lawyer, saying she will appeal the jury verdict against her.
Speaker 1: After a six week trial, a jury sided with Johnny
Speaker 1: Depp and his defamation lawsuit against her and his ex wife,
Speaker 1: awarding him ten million dollars in compensatory damages and five
Speaker 1: million in punitive damages after finding that her to lied
Speaker 1: about Depth abusing her in a December eighteen op ed piece.
Speaker 1: The jury also awarded her to two million dollars after
Speaker 1: finding that she was defamed by one of Depth's lawyers,
Speaker 1: who accused her of creating a detailed hoax about the abuse.
Speaker 1: For more of Bloomberg's June Grosso speaks to Nemma Ramani,
Speaker 1: the president and co founder of West Coast Trial Lawyers,
Speaker 1: to what do you attribute Depth success here? Two factors
Speaker 1: likability and credibility. No question that Johnny Depp was the
Speaker 1: more likable witness, both inside the court room and in
Speaker 1: the courtroom of public opinion. But importantly credibility is the
Speaker 1: reason Amber heard law she lied about facts that really
Speaker 1: had nothing to do with the abuse, but for donating
Speaker 1: seven million dollars and divorced for against se charity when
Speaker 1: she didn't do so, the jury didn't buy that she
Speaker 1: pledged it, not donated it. And even when it came
Speaker 1: to TMZ and the video that she took on her
Speaker 1: phone that made its way to TMZ, it was leaked
Speaker 1: obviously by her or someone working in her direction. So
Speaker 1: when she lied about these facts, the jurors were free
Speaker 1: to disregard her testimony entirely, and they chose to do so.
Speaker 1: Why do you think he lost the UK case where
Speaker 1: the standard for libel is less than it is here,
Speaker 1: and yet he won this case. What made the difference?
Speaker 1: It's very surprising. Standard is higher for a plane us
Speaker 1: Here in the United States. We talked about that clear
Speaker 1: and convincing standard because John, that's the public figure, has
Speaker 1: to show actual malice, whereas in the UK the burden
Speaker 1: is on the defendant. The sons approved that the statements
Speaker 1: were substantially true. That's why a lot of legal commentators,
Speaker 1: including myself, thought that it was a mistake for him
Speaker 1: to file directly against her here in the United States
Speaker 1: and he would lose again. What turns out this was
Speaker 1: both an extraordinary reg will come back, but really public
Speaker 1: relations genius moved by doing so. You know, my twenty
Speaker 1: years of practice, I've never seen someone come back like this.
Speaker 1: So or Herd's lawyer says they're going to appeal the case.
Speaker 1: What do you think the chances are an appeal is
Speaker 1: an uppeal battle. It will be up to a battle.
Speaker 1: I don't see any good legal basis for appeal and
Speaker 1: rest of the illegal error. And I know they've talked
Speaker 1: about the UK judgment not coming in and some of
Speaker 1: the social media presudics, but I don't think the judge
Speaker 1: of anything wrong. The UK case is obviously different case,
Speaker 1: different parties are looking a party to that case, different
Speaker 1: lot of applies, but really have no presidential impact here,
Speaker 1: the really social media not much the judge can do
Speaker 1: judge the potentially sequestioned the juror. That rarely, if ever
Speaker 1: happens in a civil case. You just don't have the
Speaker 1: same rights that you do as a criminal defendant. And
Speaker 1: apparently there's some evidence that was excluded. But what I
Speaker 1: saw from the judge is the judgestu is a lot
Speaker 1: of good evidence for Johnny desk so In. The judge
Speaker 1: called it pretty fairly. You can't appeal a factual decision
Speaker 1: by a jury, such as credibility issues and those types
Speaker 1: of things. And as Nemma Romani, the president and co
Speaker 1: founder of West Coast Trial Lawyers, speaking at the Bloomberg
Speaker 1: Stoe Grosso gets more of that interview plus analysis of
Speaker 1: the latest legal news by subscribing to the Bloomberg Law
Speaker 1: Podcast or downloading the show at Bloomberg dot com slash podcast.
Speaker 1: Attorneys can find exceptional legal research and business development tools
Speaker 1: at Bloomberg Law dot com and on the Bloomberg terminal
Speaker 1: at v law Go. And again, futures are moving lower
Speaker 1: this morning. Nimex screw it is as well and still ahead.
Speaker 1: On Bloombergy daybreak, I check on the business headlines and
Speaker 1: all the news you need to start your day, and
Speaker 1: this is Bloomberg