1 00:00:01,600 --> 00:00:05,120 Speaker 1: Live from the Bloomberg Interacted Burger Studios is Bloomberg day 2 00:00:05,120 --> 00:00:08,600 Speaker 1: Break for a Friday, November four two, Coming up the shower. 3 00:00:08,920 --> 00:00:12,440 Speaker 1: Wall Street braces for the October jobs report. Apple is 4 00:00:12,440 --> 00:00:15,280 Speaker 1: the latest company to put the brakes on hiring. Twitter 5 00:00:15,360 --> 00:00:17,439 Speaker 1: plans job cuts today as it gets hit by a 6 00:00:17,520 --> 00:00:20,759 Speaker 1: class action lawsuit over the firings, and Donald Trump gives 7 00:00:20,800 --> 00:00:23,440 Speaker 1: his strongest signal yet that he plans to run for 8 00:00:23,520 --> 00:00:27,320 Speaker 1: president in the NYPD as the rest of the suspect 9 00:00:27,360 --> 00:00:29,760 Speaker 1: in the rape of a Manhattan jogger, plus New Jersey 10 00:00:29,800 --> 00:00:33,960 Speaker 1: Governor Murphy warns of a credible threat to syntaggues Michael Larer. 11 00:00:34,080 --> 00:00:36,520 Speaker 1: More Ahead, I'm John stash Our on Sports at Kyrie 12 00:00:36,560 --> 00:00:40,040 Speaker 1: Irving suspension followed by an apology of the Astros beat 13 00:00:40,080 --> 00:00:42,000 Speaker 1: the Phillies to take the lead in the world Series. 14 00:00:44,520 --> 00:00:48,080 Speaker 1: That's all Train ahead on Bloomberg day Break on Bloomberg. 15 00:00:48,120 --> 00:00:51,879 Speaker 1: He Living Free on New York Bloomberg one, Washington d 16 00:00:51,920 --> 00:00:55,920 Speaker 1: C Bloomberg one oh six one, Boston Bloomberg nine sixties 17 00:00:55,960 --> 00:01:00,000 Speaker 1: and Francisco Syrius Exam one nineteen and around the World 18 00:01:00,000 --> 00:01:03,080 Speaker 1: Old on Bloomberg Radio dot Com and by other Bloomberg 19 00:01:03,120 --> 00:01:09,880 Speaker 1: business app and good morning. I'm Karen Moscow. I'm Nathan 20 00:01:09,920 --> 00:01:12,400 Speaker 1: Hagar Bloomberg Day Bright brought to you by Cone Residuc 21 00:01:12,440 --> 00:01:17,160 Speaker 1: Advisory Assurance, Tax business strategies, financial intelligence viewpoints, all in 22 00:01:17,240 --> 00:01:21,120 Speaker 1: one place. Visit Cone residuc c suite dashboard, Cone residuc 23 00:01:21,240 --> 00:01:25,280 Speaker 1: dot com, slash c suite and futures are jumping on 24 00:01:25,319 --> 00:01:27,440 Speaker 1: this Friday morning, six so one on Wall Street, and 25 00:01:27,480 --> 00:01:30,000 Speaker 1: we check the markets every fifteen minutes throughout the trading day. 26 00:01:30,040 --> 00:01:33,119 Speaker 1: On bloomberg SMP Future is up twenty three points, dal 27 00:01:33,240 --> 00:01:36,520 Speaker 1: Future is up on seven and NASDAG futures of seventy 28 00:01:36,560 --> 00:01:39,160 Speaker 1: five ten year treasury of three thirty seconds, he had 29 00:01:39,200 --> 00:01:41,600 Speaker 1: four point one three percent and the yield on the 30 00:01:41,600 --> 00:01:45,080 Speaker 1: two year four point seven four percent. Nathan Karen. A 31 00:01:45,120 --> 00:01:47,760 Speaker 1: busy week on the economic calendar wraps up this morning 32 00:01:47,760 --> 00:01:50,720 Speaker 1: with the October Jobs report. Economists forecast the game of 33 00:01:50,760 --> 00:01:53,760 Speaker 1: a hundred ninety five thousand pay rolls with an unemployment 34 00:01:53,840 --> 00:01:56,360 Speaker 1: rate of three point six percent. We get a preview 35 00:01:56,400 --> 00:01:59,640 Speaker 1: from Bloomberg's Michael McKee. Today's jobs figures could have a 36 00:01:59,680 --> 00:02:02,520 Speaker 1: major or impact on markets, but likely only if they 37 00:02:02,560 --> 00:02:06,360 Speaker 1: come in stronger than forecast. The Fed is looking for deceleration, 38 00:02:06,520 --> 00:02:08,840 Speaker 1: and if we get slower job creation and a higher 39 00:02:08,919 --> 00:02:12,720 Speaker 1: unemployment rate, that would be perceived as good news. Fed 40 00:02:12,760 --> 00:02:16,079 Speaker 1: policymakers expect the job less rate to rise, but though 41 00:02:16,080 --> 00:02:19,160 Speaker 1: they've raised the nation's benchmark interest rate by three seventy 42 00:02:19,200 --> 00:02:22,600 Speaker 1: five basis points this year, so far, it hasn't budged 43 00:02:23,200 --> 00:02:25,960 Speaker 1: stronger than forecast numbers would suggest. The Fed has to 44 00:02:26,040 --> 00:02:29,320 Speaker 1: raise rates higher than markets currently expect, and there would 45 00:02:29,320 --> 00:02:33,200 Speaker 1: be a rush to reprice. Still, with three inflation reports 46 00:02:33,200 --> 00:02:36,120 Speaker 1: and another job's number before the Fed meets again, any 47 00:02:36,160 --> 00:02:39,840 Speaker 1: big reaction today may be short lived. Michael McKee, Bloomberg 48 00:02:39,919 --> 00:02:42,880 Speaker 1: Daybreak Mike. Thanks to complete coverage and analysis of the 49 00:02:42,919 --> 00:02:45,440 Speaker 1: job's report at eight thirty am Wall Street time. When 50 00:02:45,440 --> 00:02:48,080 Speaker 1: it arrives an hour later, we will speak live with 51 00:02:48,160 --> 00:02:52,480 Speaker 1: Labor Secretary Marty Wall Sean Bloomberg Radio and Television. Well, Nathan, 52 00:02:52,480 --> 00:02:55,240 Speaker 1: we're seeing more tent companies pull back on hiring. The 53 00:02:55,320 --> 00:02:58,400 Speaker 1: latest evidence of that is at Apple, the iPhone maker 54 00:02:58,480 --> 00:03:01,720 Speaker 1: is hitting pause on most positions outside of research and development. 55 00:03:01,880 --> 00:03:04,919 Speaker 1: Let me get a story from Bloomberg's Charlie Pellett. Sources 56 00:03:04,919 --> 00:03:07,680 Speaker 1: say it's an escalation of an existing plan to reduce 57 00:03:07,720 --> 00:03:11,680 Speaker 1: budgets heading into next year. Apple joins other technology giants 58 00:03:11,680 --> 00:03:14,960 Speaker 1: in tapping the brakes on hiring a response to sluggish 59 00:03:15,000 --> 00:03:18,639 Speaker 1: consumer spending and higher interest rates. The iPhone maker has 60 00:03:18,720 --> 00:03:21,519 Speaker 1: fared better than many tech peers this year, but it's 61 00:03:21,520 --> 00:03:25,880 Speaker 1: still facing an industry wide slowdown for smartphones and computers. 62 00:03:26,240 --> 00:03:29,400 Speaker 1: In a statement, Apple said it does continue to hire, quote, 63 00:03:29,600 --> 00:03:32,639 Speaker 1: but given the current economic environment, we're taking a very 64 00:03:32,720 --> 00:03:37,040 Speaker 1: deliberate approach in some parts of the business. In New York. 65 00:03:37,160 --> 00:03:40,120 Speaker 1: Charlie Pellett Bloomberg day Break, Okay, Charlie, thank you. On 66 00:03:40,200 --> 00:03:43,280 Speaker 1: Twitter plans to start cutting staff today. As we've been reporting, 67 00:03:43,280 --> 00:03:45,800 Speaker 1: the new owner, Elon Musk, plans to eliminate half the 68 00:03:46,840 --> 00:03:49,360 Speaker 1: people who work at the social media platform. Those plan 69 00:03:49,480 --> 00:03:52,680 Speaker 1: layoffs have now prompted a class action lawsuit accusing Twitter 70 00:03:52,720 --> 00:03:55,680 Speaker 1: of violating a federal law that requires at least sixty 71 00:03:55,760 --> 00:03:59,320 Speaker 1: days notice before mass firings. Well, the hiring sweet isn't 72 00:03:59,360 --> 00:04:02,160 Speaker 1: just in the tech sector. Nathan Coca Cola is offering 73 00:04:02,240 --> 00:04:05,080 Speaker 1: voluntary buyouts to some of its staff in North America. 74 00:04:05,320 --> 00:04:08,320 Speaker 1: The bear ridge maker currently employees about six thousand people 75 00:04:08,320 --> 00:04:11,520 Speaker 1: on the continent. Coke is not saying which positions or 76 00:04:11,560 --> 00:04:14,200 Speaker 1: how many will be affected or eliminated. You could call 77 00:04:14,240 --> 00:04:16,920 Speaker 1: this job news of a political kind, Karen. Former President 78 00:04:16,920 --> 00:04:19,599 Speaker 1: Donald Trump is sending his strongest signal yet that he 79 00:04:19,640 --> 00:04:22,560 Speaker 1: plans to run for the White House again in four 80 00:04:22,839 --> 00:04:26,880 Speaker 1: Amy Morris has the details from our Bloomberg newsroom in Washington. 81 00:04:27,160 --> 00:04:29,520 Speaker 1: Trump has teased for months that he plans to make 82 00:04:29,560 --> 00:04:32,760 Speaker 1: another White House run, but during last night's rally in Iowa, 83 00:04:33,000 --> 00:04:36,200 Speaker 1: he all but declared his candidacy. In order to make 84 00:04:36,240 --> 00:04:42,280 Speaker 1: our country successful and safe and glorious, I will very, 85 00:04:42,440 --> 00:04:46,520 Speaker 1: very very probably do it again. His former advisor, Kelly 86 00:04:46,520 --> 00:04:49,880 Speaker 1: and Conway, says she expects Trump to announce soon, likely 87 00:04:49,920 --> 00:04:52,960 Speaker 1: after Tuesday's elections. The rally was billed as an event 88 00:04:53,040 --> 00:04:57,159 Speaker 1: supporting Republican Senator Chuck Grassley and other endorsed candidates. It 89 00:04:57,240 --> 00:04:59,480 Speaker 1: also happens to be the state that holds the first 90 00:04:59,480 --> 00:05:04,239 Speaker 1: presidenti CAUCUSUS. Trump is also scheduled to hold rallies in Pennsylvania, Florida, 91 00:05:04,360 --> 00:05:08,400 Speaker 1: and Ohio in Washington, I'm Amy Morris, Bloomberg Daybreak. All right, Amy, 92 00:05:08,400 --> 00:05:10,680 Speaker 1: thank you all. Turning back to the markets now, stunts 93 00:05:10,720 --> 00:05:14,160 Speaker 1: in Asia rose overnight as Chinese tex shares rebounded more 94 00:05:14,200 --> 00:05:16,680 Speaker 1: than ten percent. Do we get the recap from Bloomberg? 95 00:05:16,800 --> 00:05:20,040 Speaker 1: Juliett Sally and Singapore, Good morning, juliet, Good morning, Nathan 96 00:05:20,040 --> 00:05:22,280 Speaker 1: and Karen. The m c I Asia Pacific Index headed 97 00:05:22,320 --> 00:05:25,200 Speaker 1: for its biggest weekly jump since July, as Chinese assets 98 00:05:25,279 --> 00:05:28,719 Speaker 1: rallied amid investors speculation Beijing may roll back it's COVID 99 00:05:28,760 --> 00:05:31,760 Speaker 1: zero policy. Chinese stocks listed in Hong Kong had their 100 00:05:31,800 --> 00:05:34,719 Speaker 1: best week since twenty eleven. The off show you Un 101 00:05:34,760 --> 00:05:37,520 Speaker 1: jumped more than one percent against the dollar, but Japanese 102 00:05:37,520 --> 00:05:40,799 Speaker 1: ses were a dragon Asia as investors in Tokyo played 103 00:05:40,800 --> 00:05:45,839 Speaker 1: catch up after Thursday's holiday. In Singapore Juliette Sally, Bloomberg Daybreak, 104 00:05:46,040 --> 00:05:49,000 Speaker 1: Juliette Thanks. In Europe, Britain's headed for a deep procession 105 00:05:49,040 --> 00:05:50,919 Speaker 1: that could lead to more than a half million people 106 00:05:51,000 --> 00:05:53,720 Speaker 1: losing their jobs. Some of the Bank of England's message 107 00:05:53,760 --> 00:05:57,320 Speaker 1: yesterday as it raised interest rates by seventy bases points 108 00:05:57,320 --> 00:06:00,719 Speaker 1: to a fourteen year high of three percent. EOE Governor 109 00:06:00,760 --> 00:06:03,240 Speaker 1: Andrew Bailey is defending the rate hike. The fact that 110 00:06:03,240 --> 00:06:05,800 Speaker 1: we've done something to five today. Nobody should read into it. 111 00:06:05,880 --> 00:06:08,280 Speaker 1: That's the new norm. I don't think you know, people 112 00:06:08,480 --> 00:06:12,560 Speaker 1: we should surprised when they see that. Yeah, we're on 113 00:06:12,560 --> 00:06:14,719 Speaker 1: the fete of looking at things through slightly different lenses. 114 00:06:15,920 --> 00:06:18,200 Speaker 1: Bank of England Governor Andrew Bailey made those comments in 115 00:06:18,240 --> 00:06:21,200 Speaker 1: an interview with Bloomberg's franc laquix Well. Back here in 116 00:06:21,240 --> 00:06:24,840 Speaker 1: the US, Nathan New York City's new pay transparency law 117 00:06:24,960 --> 00:06:28,120 Speaker 1: has a blind spot Wall Street bonuses. The new law 118 00:06:28,160 --> 00:06:30,880 Speaker 1: requires local employers to make a best estimate of their 119 00:06:30,920 --> 00:06:33,920 Speaker 1: salary range and job postings. The idea is it will 120 00:06:33,960 --> 00:06:37,920 Speaker 1: give candidates a stronger hand in negotiating compensation, but bonuses 121 00:06:37,960 --> 00:06:40,280 Speaker 1: are exempt from the law even though they make up 122 00:06:40,279 --> 00:06:42,600 Speaker 1: the bulk of Wall Street pay. Okay, let's look at 123 00:06:42,600 --> 00:06:44,039 Speaker 1: some stocks that may be on the move on Wall 124 00:06:44,080 --> 00:06:46,719 Speaker 1: Street today. Karen Shares of Starbucks are now more than 125 00:06:46,760 --> 00:06:50,680 Speaker 1: three percent. In early trading, the company reported sales that 126 00:06:50,760 --> 00:06:56,080 Speaker 1: exceeded expectations. PayPal shares right now are down about seven percent. 127 00:06:56,440 --> 00:06:59,559 Speaker 1: The payment platform trimmed its forecast for annual revenue amid 128 00:06:59,560 --> 00:07:02,760 Speaker 1: a slow down in spending growth, and shares of Block 129 00:07:02,839 --> 00:07:05,240 Speaker 1: are hired by almost fourteen and a half percent. The 130 00:07:05,279 --> 00:07:09,520 Speaker 1: company formerly known as Square, reported revenue above analyst estimates. 131 00:07:09,840 --> 00:07:12,480 Speaker 1: SMP futures are highed by twenty four points. Right now, 132 00:07:12,560 --> 00:07:15,920 Speaker 1: NASDAC futures up seventy eight. Straight ahead your latest local 133 00:07:15,920 --> 00:07:23,320 Speaker 1: headlines and a check of sports. This is Bloomberg. It 134 00:07:23,360 --> 00:07:25,320 Speaker 1: sounds like so seven on Wall Street or a fifty 135 00:07:25,320 --> 00:07:28,200 Speaker 1: three degrees in Central Park. You've got two accidents on 136 00:07:28,240 --> 00:07:30,520 Speaker 1: the westbound Belt park Way that Peter Vandell fill you 137 00:07:30,520 --> 00:07:33,160 Speaker 1: in on shortly. First, Michael Bars here with more on 138 00:07:33,240 --> 00:07:35,440 Speaker 1: what's going on in New York and around the world. Michael, 139 00:07:35,520 --> 00:07:37,880 Speaker 1: thank you very much. Nathan, the NYPD says a man 140 00:07:38,040 --> 00:07:40,800 Speaker 1: with more than a dozen prior arrests has been taken 141 00:07:40,840 --> 00:07:44,680 Speaker 1: into custody for allegedly raping a woman on a jogging 142 00:07:44,760 --> 00:07:48,600 Speaker 1: path along the Hudson River in Manhattan's Lower west Side yesterday. 143 00:07:48,880 --> 00:07:51,760 Speaker 1: The victim was able to flag down another jogger for 144 00:07:51,880 --> 00:07:55,080 Speaker 1: help after the incident. She was bleeding on her arms 145 00:07:55,400 --> 00:07:58,000 Speaker 1: and she was wearing any shoes. Her clothes were kind 146 00:07:58,040 --> 00:07:59,760 Speaker 1: of torn up, but I could tell that they were workout. 147 00:08:00,920 --> 00:08:04,440 Speaker 1: Police say. After the attack, the suspect, Carl Fayner, took 148 00:08:04,440 --> 00:08:07,320 Speaker 1: the victim's wallet and was arrested at a target store 149 00:08:07,440 --> 00:08:10,960 Speaker 1: using the victim's card. The midterm elections will be held 150 00:08:11,000 --> 00:08:13,880 Speaker 1: this Tuesday across the country, with many tight races that 151 00:08:13,920 --> 00:08:17,800 Speaker 1: will decide the balance of power in Congress. Republican Congressman 152 00:08:17,880 --> 00:08:20,720 Speaker 1: Andy Barr of Kentucky people are ready for a big change. 153 00:08:20,800 --> 00:08:24,160 Speaker 1: I anticipate a red tidal wave election, and not just 154 00:08:24,240 --> 00:08:27,760 Speaker 1: here in Kentucky, but around the country in battleground districts 155 00:08:28,040 --> 00:08:32,040 Speaker 1: for the control of the Congress. I anticipate a not 156 00:08:32,120 --> 00:08:34,679 Speaker 1: only the voters will make a change in the majority 157 00:08:35,360 --> 00:08:37,640 Speaker 1: and put Republicans in charge, but it's gonna be a 158 00:08:37,800 --> 00:08:42,120 Speaker 1: big win Congressman bar On Bloomberg's balance of power. The 159 00:08:42,200 --> 00:08:45,320 Speaker 1: race in Pennsylvania is being watched very closely, as Democrat 160 00:08:45,400 --> 00:08:48,880 Speaker 1: John Fetterman and Republican memitaz Or neck and neck. According 161 00:08:48,920 --> 00:08:53,480 Speaker 1: to the latest polls, he could determine control of the U. S. Senate. Meanwhile, 162 00:08:53,559 --> 00:08:57,280 Speaker 1: Oprah Winfrey, who helped make Doctor as a household Dame 163 00:08:57,320 --> 00:09:00,200 Speaker 1: on TV, says she is backing Fetterman in the ace. 164 00:09:00,800 --> 00:09:04,000 Speaker 1: The race for New York's eighteenth congressional district is also 165 00:09:04,080 --> 00:09:07,760 Speaker 1: being watched. Democratic Congressman Pat Ryan is up against new 166 00:09:07,800 --> 00:09:11,920 Speaker 1: York Republican Assemblyman Colin Schmidt. Ryan talked about abortion and 167 00:09:12,000 --> 00:09:15,720 Speaker 1: the Supreme Court overturning Roe v. Wade. Unequivocally, it is 168 00:09:15,760 --> 00:09:18,040 Speaker 1: one of the It's not the only issue, of course, 169 00:09:18,280 --> 00:09:21,080 Speaker 1: but it is one of the most salient issues. That 170 00:09:21,160 --> 00:09:26,000 Speaker 1: people are rightly outraged that fellow Americans fundamental rights and 171 00:09:26,040 --> 00:09:29,320 Speaker 1: freedoms were ripped away. Colin Schmidt, the issues that are 172 00:09:29,360 --> 00:09:33,200 Speaker 1: playing out here are the economy and crime. That is 173 00:09:33,280 --> 00:09:38,040 Speaker 1: the main two issues. They're almost tied in importance to 174 00:09:38,080 --> 00:09:40,760 Speaker 1: the voters when we hear about it. Schmidt and Ryan 175 00:09:40,840 --> 00:09:43,839 Speaker 1: spoke on sound On, which airs at five pm on Bloomberg. 176 00:09:44,120 --> 00:09:47,440 Speaker 1: Governor Phil Murphy says authorities are closely monitoring a credible 177 00:09:47,440 --> 00:09:51,600 Speaker 1: threat to New Jersey synagogues. Murphy says law enforcement officials 178 00:09:51,640 --> 00:09:54,600 Speaker 1: have stepped up patrols. No word on what information officials 179 00:09:54,600 --> 00:09:57,200 Speaker 1: had received. Global News twenty four hours a day on 180 00:09:57,240 --> 00:10:00,480 Speaker 1: airand on Bloomberg Quicktake Power by more than a journalist 181 00:10:00,520 --> 00:10:02,800 Speaker 1: and analyst in more than a d twenty countries. I'm 182 00:10:02,800 --> 00:10:09,880 Speaker 1: Michael Bart. This is Bloomberg. Nathan. Thanks Michael. Going up 183 00:10:09,960 --> 00:10:12,000 Speaker 1: to Sixten on Wall Street. Time for the Bloomberg Sports 184 00:10:12,040 --> 00:10:14,200 Speaker 1: update brought to you by Tri State Outing with John 185 00:10:14,240 --> 00:10:16,960 Speaker 1: Sechel Ran Nathan Another eventful day in the life of 186 00:10:17,040 --> 00:10:20,000 Speaker 1: Kyrie Irving and again and NETS practice, after which Irving 187 00:10:20,080 --> 00:10:22,160 Speaker 1: met the media for the first time since last Saturday. 188 00:10:22,240 --> 00:10:25,240 Speaker 1: He said plenty, but like last Saturday, at no time 189 00:10:25,240 --> 00:10:28,280 Speaker 1: apologized for that posting of the anti Semitic video that 190 00:10:28,400 --> 00:10:31,679 Speaker 1: angered NBA Commissioner Adam Silver and it angered the NETS, 191 00:10:31,800 --> 00:10:34,800 Speaker 1: who suspended Irving for at least five games, they said 192 00:10:34,880 --> 00:10:38,680 Speaker 1: until he satisfies a series of measures. Four hours later, 193 00:10:38,720 --> 00:10:41,439 Speaker 1: there was an apology in an online post, so it's 194 00:10:41,440 --> 00:10:43,240 Speaker 1: not known if Kyrie will play for the next tonight 195 00:10:43,520 --> 00:10:45,760 Speaker 1: in Washington at the World Series. After games there were 196 00:10:45,800 --> 00:10:48,120 Speaker 1: seven nothing and five nothing, which was a no hitter. 197 00:10:48,679 --> 00:10:51,200 Speaker 1: Tight Game five in Philadelphia, the Astro scored on the 198 00:10:51,280 --> 00:10:53,200 Speaker 1: fourth pitch at the top of the first and in 199 00:10:53,240 --> 00:10:56,760 Speaker 1: the Phillies scored on Justin Verlander's second pitch to the bottom. 200 00:10:56,800 --> 00:10:59,520 Speaker 1: A Cloud Swarbler home run won one and the fourth. 201 00:11:03,800 --> 00:11:06,959 Speaker 1: Here's the two too, swinging and a drive down the 202 00:11:07,040 --> 00:11:10,240 Speaker 1: left field line. Warber back, He's on the morning track 203 00:11:10,600 --> 00:11:16,959 Speaker 1: and that is out of air. Jeremy Paenia over and 204 00:11:17,080 --> 00:11:24,679 Speaker 1: out the Astros lead two to one as Paenia shoots 205 00:11:24,679 --> 00:11:26,800 Speaker 1: the ray bow to last. He may have the calf 206 00:11:26,840 --> 00:11:29,079 Speaker 1: ainto the rookie short Step had three hits, drove into 207 00:11:29,080 --> 00:11:31,679 Speaker 1: and the Astros beat the Phillies three too with verland 208 00:11:31,720 --> 00:11:33,720 Speaker 1: Or finally getting the World Series win. He came in 209 00:11:33,760 --> 00:11:35,640 Speaker 1: o Wan six with a six t r A game 210 00:11:35,760 --> 00:11:38,959 Speaker 1: six tomorrow night in Houston, also Philadelphia versus used to 211 00:11:39,040 --> 00:11:42,640 Speaker 1: the NFL. The Eagles stay undefeated and beat the Texans seventeen. 212 00:11:43,120 --> 00:11:46,360 Speaker 1: Bruins beat the Rangers five to two. Islanders and Devils 213 00:11:46,400 --> 00:11:47,920 Speaker 1: both won on the road, and to both won five 214 00:11:47,960 --> 00:11:51,040 Speaker 1: in a row. John stashually, we're Bloomberg Sports, Nath John, 215 00:11:51,120 --> 00:11:52,920 Speaker 1: thank you right now. S and P futures are up 216 00:11:52,920 --> 00:11:55,160 Speaker 1: twenty one point, South futures up a hundred thirty three, 217 00:11:55,200 --> 00:11:59,240 Speaker 1: NESSECT futures up sixty eight points. As we await October payrolls. 218 00:11:59,720 --> 00:12:02,800 Speaker 1: We'll preview the data next with Bloomberg's Michael McKee. This 219 00:12:03,240 --> 00:12:09,360 Speaker 1: is Bloomberg and Bloomberg Sports is brought to you by Audie. 220 00:12:09,400 --> 00:12:11,559 Speaker 1: Don't let someone else drive off in the autie model 221 00:12:11,600 --> 00:12:14,320 Speaker 1: you've always wanted. Visit your local price state autie dealer 222 00:12:14,400 --> 00:12:16,440 Speaker 1: to get behind the wheel of yours today, or visit 223 00:12:16,480 --> 00:12:23,480 Speaker 1: autie Offers dot com for more information, markets, headlines and 224 00:12:23,559 --> 00:12:26,600 Speaker 1: breaking news twenty four hours a day at Bloomberg dot 225 00:12:26,600 --> 00:12:29,800 Speaker 1: Com and Bloomberg Business Out and at Bloomberg Quick Tape. 226 00:12:30,000 --> 00:12:39,280 Speaker 1: This is a Bloomberg Business Flash and I'm Karin Moscow. 227 00:12:39,320 --> 00:12:40,920 Speaker 1: This update is brought to you by B and Why 228 00:12:40,960 --> 00:12:44,120 Speaker 1: Melons b and Why Melons Perishing. Learn why the world's 229 00:12:44,160 --> 00:12:48,079 Speaker 1: most sophisticated wealth management and institutional firms rely on perishing 230 00:12:48,120 --> 00:12:51,680 Speaker 1: to help them improve profitability, create efficiency, attract talent, and 231 00:12:51,800 --> 00:12:55,880 Speaker 1: manage risk at Pershing dot com. But global equities are 232 00:12:55,960 --> 00:12:59,520 Speaker 1: trimming a weekly loss as Chinese shares search I mean 233 00:12:59,600 --> 00:13:02,360 Speaker 1: science authorities are trying harder to ease the impact of 234 00:13:02,360 --> 00:13:06,120 Speaker 1: its COVID zero policy. Treasuries are a little change before 235 00:13:06,160 --> 00:13:08,800 Speaker 1: today's jobs data who checked the markets every fifteen minutes 236 00:13:08,800 --> 00:13:11,960 Speaker 1: throughout the trading day On Bloomberg SMP Future is up 237 00:13:12,000 --> 00:13:14,400 Speaker 1: twenty two points this morning. Down futures have a hundred 238 00:13:14,400 --> 00:13:17,520 Speaker 1: thirty nine nwasdack Future is up sixty eight. The decks 239 00:13:17,520 --> 00:13:20,600 Speaker 1: in Germany's have one point three percent ten. Your treasury 240 00:13:20,640 --> 00:13:23,160 Speaker 1: little change YELD four point one four percent they yield 241 00:13:23,160 --> 00:13:26,120 Speaker 1: on the two year four point seven four percent. Nine 242 00:13:26,240 --> 00:13:28,440 Speaker 1: X screwed oil is up three percent of two dollars 243 00:13:28,520 --> 00:13:30,920 Speaker 1: sixty nine cents at ninety dollars, eighty seven cents of 244 00:13:31,000 --> 00:13:33,800 Speaker 1: barrel comic schooled at one point one percent or eighteen 245 00:13:33,800 --> 00:13:36,760 Speaker 1: dollars ten cents at sixteen forty nine and ounce. The 246 00:13:36,840 --> 00:13:39,880 Speaker 1: euro point nine seven eight zero against the dollar British 247 00:13:39,880 --> 00:13:42,000 Speaker 1: found one point one two to one and the yen 248 00:13:42,080 --> 00:13:45,040 Speaker 1: one forty seven point eight three and been going up 249 00:13:45,040 --> 00:13:48,160 Speaker 1: one point six percent at twenty thousand, five hundred fifty dollars. 250 00:13:48,400 --> 00:13:51,000 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with 251 00:13:51,120 --> 00:13:53,680 Speaker 1: more on what's going on around the world. Michael Daren, 252 00:13:53,720 --> 00:13:56,560 Speaker 1: thank you very much. Former President Donald Trump sent the 253 00:13:56,679 --> 00:13:59,360 Speaker 1: strongest signal yet that he plans to run again in 254 00:13:59,400 --> 00:14:02,880 Speaker 1: twe four at a rally in Sioux City, Iowa. Trump 255 00:14:02,960 --> 00:14:07,840 Speaker 1: falsely claimed again that the election was rigged. Chinese President 256 00:14:07,840 --> 00:14:10,559 Speaker 1: Shi jing Ping has called for peace talks over Ukraine 257 00:14:10,559 --> 00:14:13,520 Speaker 1: and warned against the conflict going nuclear in a meeting 258 00:14:13,559 --> 00:14:16,720 Speaker 1: with German Chancellor Olof Schultz. The German leader is in 259 00:14:16,760 --> 00:14:19,640 Speaker 1: Beijing for one day visit. In the NBA. The net 260 00:14:19,640 --> 00:14:22,600 Speaker 1: Sky re Irving has apologized after being suspended for at 261 00:14:22,680 --> 00:14:26,680 Speaker 1: least five games for failing to disavow anti Semitism when 262 00:14:26,680 --> 00:14:29,360 Speaker 1: he was given an opportunity to do so. Asked for 263 00:14:29,400 --> 00:14:32,320 Speaker 1: the games. The Warriors lost, The Astros are a game 264 00:14:32,360 --> 00:14:34,720 Speaker 1: away from winning the World Series. Game five used to 265 00:14:34,720 --> 00:14:37,720 Speaker 1: beat the Phillies three to Thursday Night Football, the Eagles 266 00:14:37,720 --> 00:14:41,360 Speaker 1: down the Texans seventeen. In the NHL, the Bruins beat 267 00:14:41,360 --> 00:14:43,920 Speaker 1: the Rangers three one. The Islanders and Devils won, the 268 00:14:43,960 --> 00:14:47,160 Speaker 1: Capitols lost. Global news twenty four hours a day on 269 00:14:47,240 --> 00:14:50,560 Speaker 1: air and on Bloomberg Quicktake, powered by more than twenty 270 00:14:50,640 --> 00:14:52,840 Speaker 1: seven hundred journalists and analysts, are more than a hundred 271 00:14:52,880 --> 00:14:56,960 Speaker 1: twenty countries. Michael bar this is Bloomberg. Nathan all right, Michael, 272 00:14:56,960 --> 00:14:58,800 Speaker 1: thank you. We're coming up to six twenty on Wall 273 00:14:58,840 --> 00:15:01,520 Speaker 1: Street Live from the Bloomberg Attractive Broker Studios. This is 274 00:15:01,600 --> 00:15:04,640 Speaker 1: Bloomberg day Break on this job's Friday. We are joined 275 00:15:04,880 --> 00:15:08,160 Speaker 1: ahead of the data by Bloomberg Global Economics and Policy 276 00:15:08,160 --> 00:15:10,640 Speaker 1: correspondent Michael McKee. Will be breaking down the numbers for 277 00:15:10,720 --> 00:15:12,920 Speaker 1: us later on eight thirty am Wall Street Time when 278 00:15:12,920 --> 00:15:15,720 Speaker 1: we get them from the Labor Department. But ahead of that, Mike, 279 00:15:15,800 --> 00:15:18,840 Speaker 1: the economists we've been talking to our forecasting a little 280 00:15:18,840 --> 00:15:22,000 Speaker 1: more moderation in the labor market. I just spoke with 281 00:15:22,280 --> 00:15:24,880 Speaker 1: b MOS Jennifer Lee an hour ago, asked her whether 282 00:15:24,920 --> 00:15:27,040 Speaker 1: this print is gonna have an effect on what the 283 00:15:27,080 --> 00:15:30,360 Speaker 1: Fed does next month. Her quick answer was no, But 284 00:15:30,440 --> 00:15:32,600 Speaker 1: the Fed's got to be looking at whether what it's 285 00:15:32,640 --> 00:15:35,840 Speaker 1: doing is starting to have an impact on the labor market. Well, 286 00:15:35,880 --> 00:15:38,120 Speaker 1: I can guess why her answer was no, and that's 287 00:15:38,120 --> 00:15:40,320 Speaker 1: because we have another job's report and a couple more 288 00:15:40,600 --> 00:15:44,200 Speaker 1: consumer price index reports before the next FED meeting, so 289 00:15:44,640 --> 00:15:48,160 Speaker 1: things could change. But uh, that's why I'm saying this 290 00:15:48,240 --> 00:15:51,520 Speaker 1: is uh not as important a jobs report as we 291 00:15:51,560 --> 00:15:53,920 Speaker 1: have seen from some recently, but it is one that 292 00:15:53,960 --> 00:15:56,760 Speaker 1: could have a big effect on the markets because after 293 00:15:56,880 --> 00:16:01,120 Speaker 1: j Powell news conference on Wednesday, where he suggested defense 294 00:16:01,240 --> 00:16:03,680 Speaker 1: terminal rates going to have to be higher, markets are 295 00:16:03,680 --> 00:16:07,240 Speaker 1: struggling to figure out where that terminal rate is. And 296 00:16:07,280 --> 00:16:10,960 Speaker 1: if we get a stronger than expected report today, then 297 00:16:11,160 --> 00:16:16,280 Speaker 1: you could see rather dramatic reactions, shall we say, in 298 00:16:16,320 --> 00:16:19,840 Speaker 1: the bond and stock markets. It may not be long lived, 299 00:16:19,880 --> 00:16:23,960 Speaker 1: but it will be uh. Definitely a negative if we 300 00:16:24,000 --> 00:16:26,880 Speaker 1: get a big number. Are we seeing any signs in 301 00:16:26,920 --> 00:16:29,440 Speaker 1: the data ahead of this report that we could get 302 00:16:29,440 --> 00:16:33,400 Speaker 1: as stronger than expected overall number later on? I mean, 303 00:16:33,520 --> 00:16:36,640 Speaker 1: we just got weekly jobless claims that are, you know, 304 00:16:36,760 --> 00:16:40,280 Speaker 1: still somewhat elevated, but they're trending downward as well, aren't 305 00:16:40,280 --> 00:16:44,720 Speaker 1: they they are. We also got some stronger news in 306 00:16:44,800 --> 00:16:48,400 Speaker 1: the sense from uh the I s M Manufacturing report 307 00:16:49,000 --> 00:16:51,640 Speaker 1: and the ADP report, which what he quite knows how 308 00:16:51,640 --> 00:16:55,960 Speaker 1: to read these days, was also stronger to keep changing it. Yeah, 309 00:16:56,160 --> 00:17:00,680 Speaker 1: the question is does the I s M Services number, 310 00:17:00,760 --> 00:17:04,040 Speaker 1: which saw a contraction in jobs, mean more than any 311 00:17:04,080 --> 00:17:06,880 Speaker 1: of those and uh, what does it all mean? We're 312 00:17:06,880 --> 00:17:09,439 Speaker 1: all waiting to find out. Also, we're looking at the 313 00:17:09,520 --> 00:17:13,600 Speaker 1: unemployment rate. The Fed has forecast it will go up, 314 00:17:13,640 --> 00:17:16,600 Speaker 1: and private sector forecasters are anticipating it going up a 315 00:17:16,600 --> 00:17:19,280 Speaker 1: lot more than the Fed. But it hasn't budged, even 316 00:17:19,280 --> 00:17:22,280 Speaker 1: though the Feds raised rates by three five basis points 317 00:17:22,280 --> 00:17:25,159 Speaker 1: so far this year. So when does that start to happen? 318 00:17:25,240 --> 00:17:28,080 Speaker 1: Our consensus calls for a three point six percent that's 319 00:17:28,119 --> 00:17:31,040 Speaker 1: a tick up from three and a half, but doesn't 320 00:17:31,040 --> 00:17:34,000 Speaker 1: go higher than that or does it still hold? There 321 00:17:34,000 --> 00:17:36,520 Speaker 1: are some economists who think that the labor market is 322 00:17:36,560 --> 00:17:40,000 Speaker 1: tight enough that it could fall. It's pretty interesting, isn't 323 00:17:40,040 --> 00:17:42,600 Speaker 1: it that when we are in this cycle where we've 324 00:17:42,640 --> 00:17:47,119 Speaker 1: seen unprecedented rate hikes four seventy basis point moves in 325 00:17:47,160 --> 00:17:49,880 Speaker 1: a row, that we're still kind of stuck in this 326 00:17:50,040 --> 00:17:53,000 Speaker 1: range on a really low unemployment rate. What are the 327 00:17:53,040 --> 00:17:56,000 Speaker 1: economists that you're talking to telling you about why they 328 00:17:56,040 --> 00:18:00,160 Speaker 1: think that is? Well, it's very hard to discern exactly 329 00:18:00,200 --> 00:18:01,639 Speaker 1: what's going on, but a lot of it has to 330 00:18:01,640 --> 00:18:03,960 Speaker 1: do with the pandemic. Of course, we had a whole 331 00:18:04,080 --> 00:18:06,960 Speaker 1: sea change in the way people think about work, so 332 00:18:07,040 --> 00:18:09,520 Speaker 1: many people now working from home, People moved out of 333 00:18:09,520 --> 00:18:13,440 Speaker 1: the cities, and then a lot of people retired. This 334 00:18:13,520 --> 00:18:17,840 Speaker 1: was happening the Baby boom generation was reaching sixty and 335 00:18:17,920 --> 00:18:20,359 Speaker 1: starting to drop out of the labor force. But then 336 00:18:20,400 --> 00:18:22,440 Speaker 1: a lot of people when they got laid off during 337 00:18:22,480 --> 00:18:25,639 Speaker 1: the pandemic just decided not to come back. Now, there 338 00:18:25,640 --> 00:18:28,560 Speaker 1: are some indications that they are beginning to come back 339 00:18:28,640 --> 00:18:31,639 Speaker 1: because it's more fun to have more money in your pocket. 340 00:18:32,080 --> 00:18:35,560 Speaker 1: But uh, at this point, we're still down in terms 341 00:18:35,600 --> 00:18:40,359 Speaker 1: of participation among older workers and the participation rate for 342 00:18:40,400 --> 00:18:46,000 Speaker 1: prime age workers, which is basically forty nine four is 343 00:18:46,480 --> 00:18:50,240 Speaker 1: uh about where it was before the pandemic. So it's 344 00:18:50,320 --> 00:18:53,080 Speaker 1: people leaving the labor force that have left us with 345 00:18:53,440 --> 00:18:57,119 Speaker 1: fewer workers and left demand high. One reason we're seeing 346 00:18:57,160 --> 00:18:59,960 Speaker 1: the Jolts numbers so high. Yeah, only about thirty second 347 00:19:00,040 --> 00:19:01,680 Speaker 1: is left here. But if we are starting to see 348 00:19:01,720 --> 00:19:04,159 Speaker 1: people come back from the sidelines to some extent, what 349 00:19:04,200 --> 00:19:06,359 Speaker 1: does that mean for the wage pressures that the FETE 350 00:19:06,400 --> 00:19:09,159 Speaker 1: is looking at so closely. Well, that theory they should 351 00:19:09,160 --> 00:19:12,520 Speaker 1: bring those down. More people competing for jobs means that 352 00:19:12,800 --> 00:19:16,560 Speaker 1: the employers need to pay less uh to get somebody, 353 00:19:16,680 --> 00:19:19,400 Speaker 1: and that's what the FET is hoping, not for a collapse. 354 00:19:19,840 --> 00:19:22,399 Speaker 1: They'd like to see incomes rise about three to three 355 00:19:22,440 --> 00:19:25,439 Speaker 1: and a half percent a year, but five percent, six percent, 356 00:19:25,600 --> 00:19:28,840 Speaker 1: that's contributing to inflation. That's not good enough. So let's 357 00:19:28,840 --> 00:19:32,400 Speaker 1: watch those numbers as well. Absolutely, and we definitely will 358 00:19:32,480 --> 00:19:34,879 Speaker 1: do that. Eight thirty am. Wall Street Time in Bloomberg's 359 00:19:34,880 --> 00:19:39,320 Speaker 1: Michael mckeelby back across Bloomberg Radio and Television to break 360 00:19:39,320 --> 00:19:43,159 Speaker 1: down those numbers from October payrolls. Again, the consensus from 361 00:19:43,200 --> 00:19:46,640 Speaker 1: economists we've surveyed calls for a hundred ninety five thousand 362 00:19:46,720 --> 00:19:50,080 Speaker 1: new non farm payrolls added in October, and the unemployment 363 00:19:50,160 --> 00:19:53,680 Speaker 1: rate up just a tick to three point six percent. 364 00:19:54,280 --> 00:19:57,159 Speaker 1: Futures ahead of that moving high er, SMP futures up 365 00:19:57,160 --> 00:19:59,479 Speaker 1: twenty six points down, futures up a hundred seventy one, 366 00:19:59,480 --> 00:20:02,679 Speaker 1: and NaSTA futures are higher by eighty one points. This 367 00:20:03,520 --> 00:20:09,800 Speaker 1: is Bloomberg Bloomberg eleven three oh weather. Mostly sunny, upper 368 00:20:09,800 --> 00:20:13,280 Speaker 1: sixties today, partly cloudy tonight, upper fifties for lows will 369 00:20:13,280 --> 00:20:16,240 Speaker 1: be in the sunshine all weekend long both days with 370 00:20:16,400 --> 00:20:19,080 Speaker 1: highs in the low seventies. Right now fifty three in 371 00:20:19,160 --> 00:20:25,840 Speaker 1: Central Park. Broadcasting live from the Bloomberg Interactive Broker Studio 372 00:20:25,960 --> 00:20:29,119 Speaker 1: in New York. Bloomberg E Living Freedom to Washington, d C, 373 00:20:29,320 --> 00:20:33,239 Speaker 1: Bloomberg nine to Boston, Bloomberg one oh six one does 374 00:20:33,240 --> 00:20:37,320 Speaker 1: San Francisco, Bloomberg sixt to the Country, Sirius XM Chado 375 00:20:37,400 --> 00:20:40,760 Speaker 1: one nineteen and around the globe the Bloomberg business in 376 00:20:40,800 --> 00:20:50,879 Speaker 1: Bloomberg Radio dot Com. This is Bloomberg Daybreak six thirty 377 00:20:50,880 --> 00:20:53,600 Speaker 1: on Wall Street. Good Morning. I'm Nathan Hagar and I'm 378 00:20:53,640 --> 00:20:56,479 Speaker 1: Kared Moscow. We are just about three hours away from 379 00:20:56,520 --> 00:20:58,480 Speaker 1: the Open of US training. It's time for the five 380 00:20:58,480 --> 00:21:00,720 Speaker 1: things that you need to notice dark your day. Brought 381 00:21:00,800 --> 00:21:04,240 Speaker 1: to you by Interactive Brokers ib k R. Event Trader 382 00:21:04,280 --> 00:21:07,159 Speaker 1: offers a new way to trade futures. Use event contracts 383 00:21:07,160 --> 00:21:09,480 Speaker 1: to trade your opinion on yes or no questions and 384 00:21:09,600 --> 00:21:13,520 Speaker 1: key CM future markets. Learn more at event trader dot 385 00:21:13,560 --> 00:21:17,199 Speaker 1: Interactive brokers dot com. Up First, we're going to get 386 00:21:17,240 --> 00:21:19,639 Speaker 1: a sense of how the federal reserves interest rate hikes 387 00:21:19,680 --> 00:21:22,640 Speaker 1: are impacting the labor market. With the October jobs report 388 00:21:22,920 --> 00:21:25,880 Speaker 1: still out at eight thirty Well Street time, ZIP Recruiter 389 00:21:25,960 --> 00:21:30,120 Speaker 1: Chief economist Julia Pollock believes it'll show the jobs market cooling, 390 00:21:30,200 --> 00:21:32,800 Speaker 1: but at a very slow pace. Job gains is still 391 00:21:32,840 --> 00:21:35,520 Speaker 1: around six percent higher than they were before the pandemic 392 00:21:35,600 --> 00:21:39,080 Speaker 1: each month on average. There's still much more broadly spread 393 00:21:39,119 --> 00:21:43,359 Speaker 1: across the economy, across industries overall, and those aggregate numbers, 394 00:21:43,359 --> 00:21:46,640 Speaker 1: this job market still looks strong. ZIP Recruiter Chief economist 395 00:21:46,720 --> 00:21:50,320 Speaker 1: Julia Pollock says industries sensitive to rate hikes could see 396 00:21:50,359 --> 00:21:53,160 Speaker 1: a steep cool down and hiring well. Meanwhile, Karen more 397 00:21:53,200 --> 00:21:56,359 Speaker 1: major companies are pulling back on hiring, Apple is hitting 398 00:21:56,359 --> 00:21:59,240 Speaker 1: pause on most positions outside of research and development, and 399 00:21:59,320 --> 00:22:02,200 Speaker 1: Coca Cola is offering voluntary buyouts to some of its 400 00:22:02,200 --> 00:22:05,080 Speaker 1: staff in North America. Well Over, at Twitter, Nathan new 401 00:22:05,080 --> 00:22:09,240 Speaker 1: owner Elon Musk plans to eliminate half of its employees, 402 00:22:09,320 --> 00:22:12,640 Speaker 1: Bloomberg said. Ludlow says it's one of several immediate changes 403 00:22:13,000 --> 00:22:15,960 Speaker 1: Musk is looking to implement. The eight dollars a month 404 00:22:16,119 --> 00:22:19,880 Speaker 1: version of Twitter Blue could roll out as soon as Monday, 405 00:22:20,000 --> 00:22:23,840 Speaker 1: and that edit button, which is currently exclusive to Twitter 406 00:22:23,880 --> 00:22:26,800 Speaker 1: Blue subscribers, could be rolled out as soon as this 407 00:22:26,880 --> 00:22:30,040 Speaker 1: week for everyone on the platform, Bloomberg said. Ludlow says 408 00:22:30,080 --> 00:22:33,280 Speaker 1: Elon Musk's plan layoffs for Twitter have prompted a class 409 00:22:33,280 --> 00:22:36,680 Speaker 1: action lawsuit and accuses Twitter of violating a federal law 410 00:22:36,760 --> 00:22:40,200 Speaker 1: that requires at least sixty days notice before mass firing. 411 00:22:40,280 --> 00:22:42,320 Speaker 1: So this could be job news of a political kind. 412 00:22:42,359 --> 00:22:45,560 Speaker 1: Careen Former President Donald Trump sending his strongest signal yet 413 00:22:45,560 --> 00:22:49,320 Speaker 1: he's planning another White House bid. I will very very 414 00:22:49,560 --> 00:22:52,640 Speaker 1: very probably do it again, It was former President Trump 415 00:22:52,680 --> 00:22:55,720 Speaker 1: at a rally in Iowa. And over in Europe, Nathan 416 00:22:55,720 --> 00:22:58,680 Speaker 1: Bank of England Governor Andrew Bailey is defending its latest 417 00:22:58,840 --> 00:23:02,120 Speaker 1: rate height Despy, saying Britain is headed for a deep 418 00:23:02,240 --> 00:23:04,439 Speaker 1: recession that could lead to more than a half a 419 00:23:04,480 --> 00:23:08,160 Speaker 1: million job losses. I don't think people would be surprised 420 00:23:08,320 --> 00:23:10,439 Speaker 1: when they see that we are the fellow looking at 421 00:23:10,440 --> 00:23:13,280 Speaker 1: things through slight different lenses. And Bank of England Governor 422 00:23:13,320 --> 00:23:16,560 Speaker 1: Andrew Bailey was speaking with Bloomberg's Francy Lachwab. That's the 423 00:23:16,600 --> 00:23:18,880 Speaker 1: five things that you need to notice start your day. 424 00:23:19,160 --> 00:23:22,359 Speaker 1: Brought to you by Interactive Brokers Again, Futures on the 425 00:23:22,480 --> 00:23:24,720 Speaker 1: rise this morning is and p Future is up twenty 426 00:23:24,720 --> 00:23:28,200 Speaker 1: seven points. Now Future is up one seventy six. Nast Egg, 427 00:23:28,240 --> 00:23:31,520 Speaker 1: Futures up eighty three. Traight ahead, your latest local headlines, 428 00:23:31,560 --> 00:23:38,760 Speaker 1: plus a check of sports. And this is Bloomberg. Thanks Peren. 429 00:23:38,840 --> 00:23:41,000 Speaker 1: Six thirty three on Wall Street fifty three degrees in 430 00:23:41,080 --> 00:23:45,119 Speaker 1: Central Park westbound Belt Parkway is closed at Coney Island 431 00:23:45,119 --> 00:23:47,960 Speaker 1: Avenue in Brooklyn for an accident investigation. We'll tell you 432 00:23:48,000 --> 00:23:50,560 Speaker 1: more in traffic. First, Michael Bars here with what else 433 00:23:50,640 --> 00:23:52,440 Speaker 1: is going on in New York and around the world. 434 00:23:52,440 --> 00:23:55,840 Speaker 1: Good morning, Michael, Good morning Nathan, a suspected serial attacker, 435 00:23:55,920 --> 00:23:58,320 Speaker 1: is in custody after a rape in New York City. 436 00:23:58,720 --> 00:24:02,080 Speaker 1: Carl Fanner It's winning. A year old man experiencing homelessness 437 00:24:02,160 --> 00:24:05,280 Speaker 1: was arrested for the sexual assault of a woman who 438 00:24:05,280 --> 00:24:08,320 Speaker 1: had been jogging along the West side of Manhattan. This 439 00:24:08,440 --> 00:24:11,640 Speaker 1: good samaritan helped the victim. I didn't ask what happened. Um, 440 00:24:11,640 --> 00:24:13,360 Speaker 1: I didn't want to pry at all. I didn't want 441 00:24:13,359 --> 00:24:16,920 Speaker 1: to intimidate her, scare her. Police say the suspect used 442 00:24:16,920 --> 00:24:20,880 Speaker 1: the victim's credit card at a target in Midtown New York. 443 00:24:20,880 --> 00:24:25,320 Speaker 1: Democratic Governor Kathy Hocal campaign at Barnard College in Manhattan 444 00:24:25,320 --> 00:24:28,440 Speaker 1: with Hillary Clinton and Vice President Kamala Harris. She talked 445 00:24:28,480 --> 00:24:31,280 Speaker 1: about the Supreme Court decision earlier this year that removed 446 00:24:31,280 --> 00:24:37,280 Speaker 1: federal abortion protections. I've heard my opponents say, oh, don't worry. 447 00:24:37,440 --> 00:24:40,119 Speaker 1: The day after the dab's decision, nothing changed in the 448 00:24:40,160 --> 00:24:42,640 Speaker 1: state of New York. So don't worry. You know why 449 00:24:42,720 --> 00:24:45,720 Speaker 1: nothing changed in the state of New York because I'm 450 00:24:45,760 --> 00:24:50,000 Speaker 1: the governor. New York Republican Representative Lee Zelden, predicting an 451 00:24:50,080 --> 00:24:55,199 Speaker 1: upset and Tuesday's gubernatorial race, of the campaign rally in Albany. 452 00:24:55,240 --> 00:24:58,480 Speaker 1: Around the rest of the state, they're ready they're ready 453 00:24:58,480 --> 00:25:02,240 Speaker 1: to fire Kathy hokel owl Show hocal Ahead over Zelden. 454 00:25:02,560 --> 00:25:05,639 Speaker 1: The FBI says it has received credible information about a 455 00:25:05,680 --> 00:25:08,840 Speaker 1: broad threat synagogues in New Jersey, a warning that has 456 00:25:08,880 --> 00:25:12,480 Speaker 1: prompted some municipalities to send extra police officers to guard 457 00:25:12,480 --> 00:25:15,840 Speaker 1: houses of worship. Governor Phil Murphy says he has been 458 00:25:15,840 --> 00:25:19,240 Speaker 1: in contact with the state Attorney General and New Jersey 459 00:25:19,240 --> 00:25:22,560 Speaker 1: Homeland Security about the credible threat. Oprah when Free says 460 00:25:22,600 --> 00:25:26,320 Speaker 1: she is backing Democratic nominee John Fetterman in Pennsylvania's key 461 00:25:26,440 --> 00:25:30,200 Speaker 1: Senate race over Republican opponent memon Os. When Free helped 462 00:25:30,240 --> 00:25:33,879 Speaker 1: turn dr Oz into a household name on TV power 463 00:25:33,960 --> 00:25:37,560 Speaker 1: rationing Widen and Kiev as Ukrainian authorities sought to relieve 464 00:25:37,600 --> 00:25:41,760 Speaker 1: pressure on energy infrastructure that has been targeted by Russia's 465 00:25:41,920 --> 00:25:45,440 Speaker 1: escalating attacks. Meanwhile, at the Pentagon briefing Defense Secrets, Arry 466 00:25:45,480 --> 00:25:48,639 Speaker 1: Lloyd Austin was asked whether he believes Ukrainian forces can 467 00:25:48,720 --> 00:25:51,560 Speaker 1: retake curs H. I certainly believe that they have the 468 00:25:51,560 --> 00:25:55,639 Speaker 1: capability to do that. Most importantly, the Ukrainians believe that 469 00:25:55,680 --> 00:25:57,680 Speaker 1: they have the capability to do that, and the u 470 00:25:57,800 --> 00:26:00,680 Speaker 1: n's nuclear safety agency says they found no signs of 471 00:26:00,760 --> 00:26:04,320 Speaker 1: possible dirty bomb production at three facilities in Ukraine. The 472 00:26:04,359 --> 00:26:09,000 Speaker 1: inspections came at Kiev's request after Russian accusations. Global News 473 00:26:09,000 --> 00:26:12,280 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 474 00:26:12,520 --> 00:26:15,280 Speaker 1: powered by more than twenty seven hundred journalists and analysts, 475 00:26:15,280 --> 00:26:17,800 Speaker 1: are more than a hundred twenty countries. Michael Barr and 476 00:26:17,880 --> 00:26:25,560 Speaker 1: this is Bloomberg. All right, Michael, Thanks almost six thirty 477 00:26:25,600 --> 00:26:27,640 Speaker 1: six on Wall Street time for the Bloomberg Sports update, 478 00:26:27,680 --> 00:26:29,480 Speaker 1: brought to you by tri State. Out of here again, 479 00:26:29,440 --> 00:26:32,040 Speaker 1: it's John Stenshower. Thanks Nathan. The next plates to night 480 00:26:32,080 --> 00:26:34,680 Speaker 1: in Washington. We'll see if they allow Kyrie Irving to 481 00:26:34,680 --> 00:26:36,800 Speaker 1: play late last night with the Nets and the NBA 482 00:26:36,840 --> 00:26:39,920 Speaker 1: have been waiting for an apology from Irvine. He posted 483 00:26:39,920 --> 00:26:42,879 Speaker 1: the words four hours after the Nets suspended them for 484 00:26:42,920 --> 00:26:45,440 Speaker 1: at least five games. They said they were deeply disturbed 485 00:26:45,480 --> 00:26:49,640 Speaker 1: by irving failure to disavow anti Semitism. That's by multiple 486 00:26:49,640 --> 00:26:54,399 Speaker 1: opportunities to do so, including yesterday. My responsibility for the 487 00:26:54,480 --> 00:26:59,280 Speaker 1: person that some things that were questionable in there untrue. 488 00:27:00,560 --> 00:27:02,280 Speaker 1: Like I said in the first time, you guys asked 489 00:27:02,359 --> 00:27:03,720 Speaker 1: me when I was sitting on that stage. I don't 490 00:27:03,720 --> 00:27:11,040 Speaker 1: believe everything that everybody posts a documentary, sobility and apologize 491 00:27:11,040 --> 00:27:13,200 Speaker 1: the NBAH mission or Adam Silver said he's gonna meet 492 00:27:13,200 --> 00:27:15,520 Speaker 1: with irby next week. Houston Astros at their first lead 493 00:27:15,520 --> 00:27:17,560 Speaker 1: of the World Series. They beat the Phillies three to two. 494 00:27:17,960 --> 00:27:20,679 Speaker 1: They lead the series three to two. Jeremy paineyad they 495 00:27:20,680 --> 00:27:23,159 Speaker 1: go ahead home run. Justin Verlander got the win, his 496 00:27:23,240 --> 00:27:26,280 Speaker 1: first ever in the World Series in his ninth career start. 497 00:27:26,440 --> 00:27:29,840 Speaker 1: Ryan Pressley with a five out saving Chas McCormick may 498 00:27:29,880 --> 00:27:31,720 Speaker 1: have saved the game with his catch in the bottom 499 00:27:31,760 --> 00:27:33,600 Speaker 1: of the ninth Any tomorrow night in Houston, any of 500 00:27:33,680 --> 00:27:36,560 Speaker 1: the Astros win their second championship ever, or there'll be 501 00:27:36,600 --> 00:27:41,040 Speaker 1: a Game seven on Sunday, NFL. Also Philadelphia versus Houston. 502 00:27:41,119 --> 00:27:44,840 Speaker 1: The Eagles one seventeen or now eight notes the best 503 00:27:44,840 --> 00:27:47,400 Speaker 1: start ever. The Bruins are ten and one. Scored four 504 00:27:47,440 --> 00:27:49,520 Speaker 1: times third period at the Garden beat the Rangers five 505 00:27:49,560 --> 00:27:52,680 Speaker 1: to two. The Islanders and Devils both won on the road. 506 00:27:52,680 --> 00:27:55,240 Speaker 1: They both won five in row. That Jersey win and 507 00:27:55,440 --> 00:27:58,520 Speaker 1: Edmonton came when the Devil's late third period scored the 508 00:27:58,560 --> 00:28:03,399 Speaker 1: tyne and go ahead goal seven seconds apart. Actually sports 509 00:28:03,400 --> 00:28:06,680 Speaker 1: st John, thank you, It is sixty seven on Wall Street. 510 00:28:06,840 --> 00:28:08,480 Speaker 1: Let's take a look at stocks, some of the names 511 00:28:08,520 --> 00:28:11,199 Speaker 1: moving in the pre market before the open, before we 512 00:28:11,240 --> 00:28:14,639 Speaker 1: get October pay rolls, Bloomberg, Radio and TV. Markets correspondent 513 00:28:14,920 --> 00:28:18,080 Speaker 1: cre cooped up with us this morning going above and beyond, 514 00:28:18,320 --> 00:28:23,520 Speaker 1: starting off with a look at US based stocks from China. Yeah, 515 00:28:23,600 --> 00:28:25,800 Speaker 1: you know, it's interesting, Nathan. We talk a lot about 516 00:28:25,800 --> 00:28:28,159 Speaker 1: the Federal Reserve and what the next catalyst up for 517 00:28:28,200 --> 00:28:30,880 Speaker 1: the bull market might be when it comes to stocks. 518 00:28:31,040 --> 00:28:33,520 Speaker 1: But David Inglis over in Asia, one of our anchors 519 00:28:33,520 --> 00:28:36,240 Speaker 1: and of course our our markets, uh kind of reporters, 520 00:28:36,320 --> 00:28:39,440 Speaker 1: lush leaders over in that region, made a really interesting point. 521 00:28:39,440 --> 00:28:42,080 Speaker 1: I promise it connects to the stock market. Here. Bear 522 00:28:42,120 --> 00:28:45,600 Speaker 1: with me, Nathan. He said, what if China is the 523 00:28:45,680 --> 00:28:48,440 Speaker 1: new alternative? We talked about there is no alternative. We 524 00:28:48,440 --> 00:28:50,200 Speaker 1: talked about tex Stock, we talked all the investing. What 525 00:28:50,240 --> 00:28:52,480 Speaker 1: of China is where this next leg of growth that 526 00:28:52,520 --> 00:28:55,280 Speaker 1: is supposed to come, Especially as we talk about speculation 527 00:28:55,680 --> 00:28:59,120 Speaker 1: about more reopening. You're starting to see a report, for example, 528 00:28:59,120 --> 00:29:00,880 Speaker 1: that they are starting to hold back on some of 529 00:29:00,880 --> 00:29:03,800 Speaker 1: the restrictions that are coming on the likes of planes 530 00:29:03,840 --> 00:29:07,000 Speaker 1: and airlines, for example, holding passengers that may have COVID 531 00:29:07,320 --> 00:29:09,720 Speaker 1: going into the country. You also have, of course a 532 00:29:09,760 --> 00:29:13,440 Speaker 1: Bloomberg News report outlining progress in efforts to prevent the 533 00:29:13,520 --> 00:29:17,680 Speaker 1: d listing of hundreds of Chinese stocks from the US exchanges. 534 00:29:17,720 --> 00:29:19,960 Speaker 1: So this is really important because it talks about how 535 00:29:20,320 --> 00:29:23,480 Speaker 1: maybe there is a little bit more reintegration of China, 536 00:29:23,560 --> 00:29:26,720 Speaker 1: which we haven't really seen for about two years now. Nevertheless, 537 00:29:26,720 --> 00:29:29,600 Speaker 1: that sentiment, Nathan, I promise it all connected connect to 538 00:29:30,120 --> 00:29:32,480 Speaker 1: some of these big US listed a d R S 539 00:29:32,640 --> 00:29:35,200 Speaker 1: or from China. As you point out, Ali Baba's our 540 00:29:35,200 --> 00:29:37,600 Speaker 1: poster child, here be a b as your ticker up 541 00:29:37,600 --> 00:29:40,440 Speaker 1: about ten percent in the pre market. You also have 542 00:29:40,480 --> 00:29:42,280 Speaker 1: the likes of j D dot Com. Now those are 543 00:29:42,320 --> 00:29:44,880 Speaker 1: once again are two big e commerce giants, also up 544 00:29:44,880 --> 00:29:47,680 Speaker 1: about nine percent in the pre market. And of course 545 00:29:47,680 --> 00:29:49,080 Speaker 1: when you look at those A d R S, I 546 00:29:49,120 --> 00:29:51,480 Speaker 1: always like to look at Hinduo Duo as well. It's 547 00:29:51,480 --> 00:29:52,920 Speaker 1: just kind of one of my one I love to 548 00:29:52,920 --> 00:29:55,000 Speaker 1: say it and to it's just kind of a fun 549 00:29:55,240 --> 00:29:57,120 Speaker 1: stock to look at. But also up nine percent, so 550 00:29:57,120 --> 00:29:59,400 Speaker 1: you are seeing that taker p d D up in 551 00:29:59,480 --> 00:30:02,120 Speaker 1: line with the entire complex there. Yeah, I mean that 552 00:30:02,120 --> 00:30:04,040 Speaker 1: could be kind of a long term trend, whether we 553 00:30:04,120 --> 00:30:07,000 Speaker 1: start to see more reopenings in China and that potentially 554 00:30:07,040 --> 00:30:09,160 Speaker 1: being a catalyst. But we also in the meantime have 555 00:30:09,240 --> 00:30:11,680 Speaker 1: to look at the catalyst that continues to be this 556 00:30:11,760 --> 00:30:14,760 Speaker 1: kind of up and down earning season. Yeah, absolutely, especially 557 00:30:14,800 --> 00:30:17,360 Speaker 1: when it comes to fintech and payments platforms. That's going 558 00:30:17,440 --> 00:30:19,560 Speaker 1: to take you to our next couple of stocks here, PayPal, 559 00:30:19,640 --> 00:30:22,720 Speaker 1: p y p L. She's actually down six percent. They 560 00:30:22,720 --> 00:30:24,400 Speaker 1: were to lower as much as eight percent earlier in 561 00:30:24,440 --> 00:30:27,520 Speaker 1: the session, cutting their forecast for their annual revenue. They're 562 00:30:27,520 --> 00:30:30,640 Speaker 1: saying there is a slowdown in spending, really commenting on 563 00:30:30,880 --> 00:30:33,520 Speaker 1: the consumer. Their analysts also talking about the strong dollar 564 00:30:33,600 --> 00:30:36,760 Speaker 1: macro economic headwinds weighing on the forecast there. Nathan, I 565 00:30:36,800 --> 00:30:38,920 Speaker 1: also want to leave you the one last one Block 566 00:30:39,320 --> 00:30:42,600 Speaker 1: formerly known as Square sqs. The ticker up about fourteen percent. 567 00:30:42,880 --> 00:30:46,560 Speaker 1: They also came out with earnings actually beat expectations. Boost 568 00:30:46,600 --> 00:30:49,680 Speaker 1: is some optimism, So some conflicting messages coming from PayPal 569 00:30:49,800 --> 00:30:52,480 Speaker 1: and Block. All right, Bloomberg Radio on TV Markets Corres 570 00:30:52,520 --> 00:30:54,880 Speaker 1: funding created Goop will be with us throughout the day 571 00:30:55,000 --> 00:30:57,200 Speaker 1: as we take a look at the market reaction to 572 00:30:57,320 --> 00:31:01,720 Speaker 1: potentially the next catalyst, that would be October payrolls coming 573 00:31:01,720 --> 00:31:05,280 Speaker 1: out in less than two hours now, but ahead of that, 574 00:31:05,600 --> 00:31:09,560 Speaker 1: the market's pointing to a stronger open on Wall Street. 575 00:31:09,560 --> 00:31:12,040 Speaker 1: For now, SMP futures are up twenty nine points now 576 00:31:12,120 --> 00:31:15,960 Speaker 1: futures up, a d NAZDAC future is higher by eighties 577 00:31:16,000 --> 00:31:24,320 Speaker 1: seven points. This is Bloomberg. Bloomberg Sports was brought to 578 00:31:24,320 --> 00:31:26,200 Speaker 1: you by Audie. Don't let someone else drive off in 579 00:31:26,240 --> 00:31:28,920 Speaker 1: the Audi model you've always wanted. Visit your local Trice 580 00:31:28,960 --> 00:31:31,120 Speaker 1: State Autie dealer to get behind the wheel of yours today, 581 00:31:31,200 --> 00:31:37,600 Speaker 1: or visit Autie Offers dot com for more information, markets, 582 00:31:37,720 --> 00:31:40,800 Speaker 1: headlines and breaking news twenty four hours a day at 583 00:31:40,800 --> 00:31:44,800 Speaker 1: Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Pricktape. 584 00:31:45,000 --> 00:31:54,320 Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow 585 00:31:54,360 --> 00:31:57,160 Speaker 1: and futures on the rise this morning as we await 586 00:31:57,200 --> 00:31:59,840 Speaker 1: the October jobs repward, let's go to the first word 587 00:32:00,000 --> 00:32:03,120 Speaker 1: making news dask for today's morning call, and here's Bill Maloney. Bill, 588 00:32:03,200 --> 00:32:06,200 Speaker 1: good morning, Hey, good morning. Can that's right us futures 589 00:32:06,200 --> 00:32:08,240 Speaker 1: are trading in the green right now. DEAF features up 590 00:32:08,240 --> 00:32:10,560 Speaker 1: two hundred and six points, STIVS Game thirty one and 591 00:32:10,680 --> 00:32:14,320 Speaker 1: NEZCA futures are higher by nine two. The US ten 592 00:32:14,440 --> 00:32:16,920 Speaker 1: yeld at four point one four percent, Gold is up 593 00:32:16,920 --> 00:32:20,160 Speaker 1: twenty Oil is also climbing, and Bitcoin is trading higher 594 00:32:20,160 --> 00:32:23,520 Speaker 1: by one point seven percent. Hong Kong sort five point 595 00:32:23,560 --> 00:32:27,640 Speaker 1: four percent overnight on speculation of China easing COVID zero policies, 596 00:32:27,960 --> 00:32:30,760 Speaker 1: and European markets are also trading in the green. This morning, 597 00:32:31,080 --> 00:32:33,240 Speaker 1: back in the US on the Economic FUNDA thirty non 598 00:32:33,280 --> 00:32:36,360 Speaker 1: fond payrolls, and after the bellist night, PayPal cut its outlook, 599 00:32:36,520 --> 00:32:40,280 Speaker 1: while Starbucks sales beat estimates and regarding earnings this morning, 600 00:32:40,280 --> 00:32:43,680 Speaker 1: Hershey beat estimates. Wrapping things up, Fidelity Nationalists cut to 601 00:32:43,720 --> 00:32:47,400 Speaker 1: market perform over at Oppenheimer Live from the first breaking 602 00:32:47,440 --> 00:32:49,840 Speaker 1: news desc on Bill Maloney care right, Bill, thank you 603 00:32:49,880 --> 00:32:52,480 Speaker 1: to hear live breaking news over your Bloomberg type squawk 604 00:32:52,520 --> 00:32:55,000 Speaker 1: on your terminal squu A w K and that's a 605 00:32:55,000 --> 00:32:57,680 Speaker 1: Bloomberg business flash. Now here's Michael bar with more on 606 00:32:57,800 --> 00:33:00,320 Speaker 1: months going on around the world. Michael here, thank you 607 00:33:00,440 --> 00:33:03,600 Speaker 1: very much. Former President Donald Trump sent the strongest signal 608 00:33:03,720 --> 00:33:06,560 Speaker 1: yet that he plans to run again in four singing 609 00:33:06,600 --> 00:33:10,640 Speaker 1: in Iowall rally that he will very very very probably 610 00:33:10,760 --> 00:33:14,240 Speaker 1: make another White House bid. The former president is also 611 00:33:14,320 --> 00:33:18,520 Speaker 1: schedule to hold rallies in Pennsylvania, Florida, and Ohio. Most 612 00:33:18,560 --> 00:33:21,760 Speaker 1: of the nation falls back this weekend, putting clocks back 613 00:33:21,800 --> 00:33:25,040 Speaker 1: an hour to standard time. In the NBA, the net 614 00:33:25,040 --> 00:33:28,320 Speaker 1: Skyrie Irving has apologized after being suspended for at least 615 00:33:28,320 --> 00:33:32,280 Speaker 1: five games, We're failing to disavow anti Semitism when he 616 00:33:32,320 --> 00:33:35,280 Speaker 1: was given an opportunity to do so. As for games, 617 00:33:35,320 --> 00:33:38,440 Speaker 1: the Warriors lost, the Astros are a game away from 618 00:33:38,480 --> 00:33:42,080 Speaker 1: winning the World Series. Game five, Houston beat the Phillies 619 00:33:42,080 --> 00:33:46,600 Speaker 1: three to Thursday Night Football, the Eagles down the Texans seventeen, 620 00:33:46,960 --> 00:33:49,280 Speaker 1: and the NHL the Bruins beat the Rangers three one. 621 00:33:49,360 --> 00:33:53,200 Speaker 1: The Islanders and Devils won the Capital's lost. Global news 622 00:33:53,240 --> 00:33:56,680 Speaker 1: twenty four hours a day on air and on Bloomberg Quittake, 623 00:33:56,920 --> 00:34:00,200 Speaker 1: powered by more than seven hundred journalists and analysts more 624 00:34:00,240 --> 00:34:03,960 Speaker 1: than twenty countries. I'm Michael bar and this is Bloomberg. 625 00:34:04,040 --> 00:34:06,440 Speaker 1: Karen Hery. Michael bar thank you. At at six forty 626 00:34:06,520 --> 00:34:08,840 Speaker 1: nine on Wall Street returned to news and science and 627 00:34:08,880 --> 00:34:11,520 Speaker 1: Technology now with the Bloomberg n j I T STEM 628 00:34:11,640 --> 00:34:15,120 Speaker 1: Report brought to U buy New Jersey Institute of Technology 629 00:34:15,280 --> 00:34:18,040 Speaker 1: ranked a Top one d national university by U S 630 00:34:18,120 --> 00:34:20,720 Speaker 1: News and World Report at number fourteen in the nation 631 00:34:21,000 --> 00:34:23,759 Speaker 1: on Money's Best Colleges list. Learn more at n j 632 00:34:23,960 --> 00:34:26,319 Speaker 1: I T dot e d U and Here's US making 633 00:34:26,400 --> 00:34:29,960 Speaker 1: news in science, Technology, engineering and math. The U N 634 00:34:30,080 --> 00:34:33,480 Speaker 1: Climate Summit is back in Africa. After six years and 635 00:34:33,520 --> 00:34:37,759 Speaker 1: four consecutive europe based conferences, The seventh Annual Conference of 636 00:34:37,800 --> 00:34:40,720 Speaker 1: the Parties of the UN Framework Convention on Climate Change, 637 00:34:40,920 --> 00:34:43,560 Speaker 1: better known as COP twenties seven, will be held in 638 00:34:43,640 --> 00:34:47,200 Speaker 1: Egypt and begins next week. The earth Shot Prize, funded 639 00:34:47,200 --> 00:34:50,400 Speaker 1: by Britain's Prince William to honor ground baking solutions to 640 00:34:50,560 --> 00:34:54,640 Speaker 1: environmental issues, will broadcast its second ceremony on PBS and 641 00:34:54,640 --> 00:34:57,600 Speaker 1: the BBC. William, who launched the global prize with the 642 00:34:57,680 --> 00:35:00,440 Speaker 1: Royal Foundation, will join the event, which will be filmed 643 00:35:00,440 --> 00:35:03,000 Speaker 1: the next month in Boston. Each of this year's five 644 00:35:03,040 --> 00:35:06,160 Speaker 1: winners or received one million dollars to accelerate their projects 645 00:35:06,360 --> 00:35:10,840 Speaker 1: aimed at the prize's goals protecting and restoring nature, cleaning 646 00:35:10,880 --> 00:35:14,200 Speaker 1: the air, reviving the oceans, building a waste free world, 647 00:35:14,480 --> 00:35:17,239 Speaker 1: and fixing the climate. And a new app is being 648 00:35:17,280 --> 00:35:20,600 Speaker 1: launched to help foodies find fresh seafood in Rhode Island. 649 00:35:20,640 --> 00:35:23,799 Speaker 1: According to the Department of Environmental Management, the new app, 650 00:35:23,840 --> 00:35:27,160 Speaker 1: called fish Line, let's consumers search for fresh seafood from 651 00:35:27,160 --> 00:35:30,200 Speaker 1: markets and restaurants as well as directly off the boat. 652 00:35:30,440 --> 00:35:33,000 Speaker 1: The app could be downloaded at seafood r i dot 653 00:35:33,040 --> 00:35:36,040 Speaker 1: com and as a Bloomberg n j I t stem report. 654 00:35:36,160 --> 00:35:39,440 Speaker 1: Nathan something and no next time I'm there. Thank you, Karen. 655 00:35:39,520 --> 00:35:42,319 Speaker 1: We are live from the Bloomberg Interactive Broker Studios where 656 00:35:42,320 --> 00:35:44,839 Speaker 1: it's just about six fifty one on Wall Street. Now 657 00:35:44,880 --> 00:35:47,680 Speaker 1: it's time to check what's going on in d c or. 658 00:35:47,719 --> 00:35:50,399 Speaker 1: Some of the top stories include former President Donald Trump 659 00:35:50,480 --> 00:35:52,600 Speaker 1: dropping his strongest hint yet that he is running in 660 00:35:53,880 --> 00:35:58,200 Speaker 1: Oprah Winfrey endorsing John Fetterman over her former protege, doctor 661 00:35:58,239 --> 00:36:02,359 Speaker 1: Oz in Pennsylvania, Carry Lake's election denial in Arizona could 662 00:36:02,360 --> 00:36:07,120 Speaker 1: potentially reshape and President Biden's hawk ish tilt on China 663 00:36:07,560 --> 00:36:11,080 Speaker 1: stirring worry of US overreaction. Let's bring in Boomberg government 664 00:36:11,080 --> 00:36:14,880 Speaker 1: reporter Emily Wilkins for more on some of these stories. Emily, 665 00:36:14,920 --> 00:36:16,520 Speaker 1: I think we heard the words from Michael Barr a 666 00:36:16,560 --> 00:36:21,040 Speaker 1: few minutes ago from former President Trump, very very very 667 00:36:21,080 --> 00:36:25,320 Speaker 1: probably yep, you gotta you gotta get all three berries 668 00:36:25,400 --> 00:36:29,400 Speaker 1: and uh one drum said during a rally in Iowa. 669 00:36:29,880 --> 00:36:31,960 Speaker 1: It's just the strongest signal get that he's going to 670 00:36:32,040 --> 00:36:35,080 Speaker 1: run for president. But we have already seen multiple signals 671 00:36:35,280 --> 00:36:38,200 Speaker 1: from the former president that he is considering another run. 672 00:36:38,760 --> 00:36:42,279 Speaker 1: Trump's former senior counselor Kelley and Conway told reporters that 673 00:36:42,400 --> 00:36:44,919 Speaker 1: they can expect Trump to announce soon, and she gave 674 00:36:45,000 --> 00:36:47,880 Speaker 1: him credit for holding off this long to the mid terms. Remember, 675 00:36:47,880 --> 00:36:50,640 Speaker 1: a lot of Republicans were worried that if Trump announced 676 00:36:50,680 --> 00:36:52,960 Speaker 1: another run that he would sort of come back into 677 00:36:53,000 --> 00:36:55,319 Speaker 1: the spotlight, and that wouldn't be good for a number 678 00:36:55,360 --> 00:36:59,240 Speaker 1: of Republicans who are running in more moderate swing districts 679 00:36:59,320 --> 00:37:02,719 Speaker 1: where voters might have conservative values and support certain things 680 00:37:02,760 --> 00:37:06,640 Speaker 1: about the Republican Party. But we're really turned off by Trump, 681 00:37:06,920 --> 00:37:09,800 Speaker 1: and so that'll be a really interesting dynamic. Of course, 682 00:37:09,880 --> 00:37:12,880 Speaker 1: with the mid terms being on November eight, we are 683 00:37:12,920 --> 00:37:16,680 Speaker 1: expecting very soon after that for the race for a start, 684 00:37:17,040 --> 00:37:19,480 Speaker 1: you've already heard Biden say that he's going to run again. 685 00:37:19,520 --> 00:37:22,560 Speaker 1: We're expecting this announcement from Trump. Certainly there will be 686 00:37:22,560 --> 00:37:26,399 Speaker 1: others who will be angling to get into both potential fields. Um, 687 00:37:26,640 --> 00:37:29,200 Speaker 1: we're just we're just on this never ending treadmill of 688 00:37:29,200 --> 00:37:32,320 Speaker 1: of elections at this point. Uh, and we're about about 689 00:37:32,400 --> 00:37:37,160 Speaker 1: to jump off. And yeah, and just about four days here. 690 00:37:37,200 --> 00:37:40,280 Speaker 1: And as you allude to, their the president, the former 691 00:37:40,320 --> 00:37:43,879 Speaker 1: president has been hinting quite strongly for months now that 692 00:37:44,239 --> 00:37:46,319 Speaker 1: that he's probably going to make another run. What kind 693 00:37:46,360 --> 00:37:49,960 Speaker 1: of impact is that having on the midterm race itself, 694 00:37:49,960 --> 00:37:53,440 Speaker 1: the two race, It hasn't had a ton of impact, 695 00:37:53,640 --> 00:37:56,560 Speaker 1: only because Trump has you know, he's he's not a 696 00:37:56,600 --> 00:37:59,160 Speaker 1: candidate yet, he hasn't said that he's going to run. 697 00:37:59,600 --> 00:38:03,000 Speaker 1: And so that's allowed Republicans who are running in slightly 698 00:38:03,080 --> 00:38:05,960 Speaker 1: more swing states and thinking about folks like David Feldeo 699 00:38:06,120 --> 00:38:09,120 Speaker 1: out in California, I'm thinking about some of the more 700 00:38:09,200 --> 00:38:12,399 Speaker 1: modern Republicans that were running in the northeast be able 701 00:38:12,440 --> 00:38:15,799 Speaker 1: to really put some distance between themselves and Trump. UM 702 00:38:15,880 --> 00:38:19,239 Speaker 1: to kind of go back to the mainstream Republicans, uh, 703 00:38:19,320 --> 00:38:23,600 Speaker 1: stances about cutting spending about sort of returning to fiscal stability. 704 00:38:24,040 --> 00:38:26,120 Speaker 1: They've been able to focus on things like inflation on 705 00:38:26,200 --> 00:38:29,120 Speaker 1: the economy, which are really good issues for Republicans to 706 00:38:29,160 --> 00:38:32,680 Speaker 1: discuss without being asked constantly, Hey, Trump tweeted this, what 707 00:38:32,719 --> 00:38:35,839 Speaker 1: do you think about it? Although it is interesting though, 708 00:38:35,880 --> 00:38:39,680 Speaker 1: we've seen a number of a Republican candidates across the 709 00:38:39,719 --> 00:38:43,200 Speaker 1: country up and down the ballot, sort of embracing the 710 00:38:43,239 --> 00:38:46,880 Speaker 1: election denial strategy that former President Trump has put out there. 711 00:38:46,920 --> 00:38:49,920 Speaker 1: There's a really interesting story on the Bloomberg terminal this morning, 712 00:38:50,440 --> 00:38:54,640 Speaker 1: honing in on Arizona gubernatorial candidate Carry Lake as a 713 00:38:55,320 --> 00:38:58,239 Speaker 1: pretty prominent example of that. Yeah, I think of all 714 00:38:58,239 --> 00:39:01,040 Speaker 1: the election deniers of who are running this year, Carry 715 00:39:01,120 --> 00:39:04,000 Speaker 1: Lake is certainly the most interesting to watch, the Republican 716 00:39:04,040 --> 00:39:07,360 Speaker 1: nominee for Arizona's governor. She has centered her campaign on 717 00:39:07,400 --> 00:39:11,200 Speaker 1: promoting the live that election was stolen from Trump, saying 718 00:39:11,200 --> 00:39:12,719 Speaker 1: that if she had been governor, she would have not 719 00:39:12,800 --> 00:39:15,799 Speaker 1: certified the election for Biden, and of course Nathan that 720 00:39:15,880 --> 00:39:19,960 Speaker 1: that has real concerns for what that could mean in um. 721 00:39:20,160 --> 00:39:22,200 Speaker 1: Lake is currently up in the polling. There's a good 722 00:39:22,239 --> 00:39:25,560 Speaker 1: chance that she is going to become Arizona's and next senator, 723 00:39:25,800 --> 00:39:28,440 Speaker 1: and remember that state was so central to Trump's efforts 724 00:39:28,440 --> 00:39:31,600 Speaker 1: to overturn the election. There were all of those recounts, 725 00:39:31,600 --> 00:39:35,560 Speaker 1: including that countroversial, controversial recount recount by the private firm 726 00:39:35,680 --> 00:39:39,160 Speaker 1: Cyber Ninjas that also found that that Biden one. But 727 00:39:39,280 --> 00:39:41,440 Speaker 1: part of the charm of Carry Lake is that she 728 00:39:41,560 --> 00:39:43,640 Speaker 1: was a former TV anchor. She has a name I 729 00:39:43,719 --> 00:39:46,399 Speaker 1: d outside of the Senate race, and it's been much 730 00:39:46,440 --> 00:39:49,799 Speaker 1: more difficult for Democrats to paint her as an extremist. 731 00:39:50,080 --> 00:39:52,359 Speaker 1: And so it will be very interesting to see what 732 00:39:52,680 --> 00:39:54,799 Speaker 1: she will do as governor. And I think there are 733 00:39:54,840 --> 00:39:58,720 Speaker 1: lots of concerns being raised now across the country about 734 00:39:58,760 --> 00:40:02,160 Speaker 1: what going to look like if folks like like and 735 00:40:02,239 --> 00:40:05,440 Speaker 1: other election deniers get into office. What is going to 736 00:40:05,480 --> 00:40:08,960 Speaker 1: happen with a legitimate election with how folks vote? Will 737 00:40:09,000 --> 00:40:12,640 Speaker 1: that be telly? Will that actually account to the result? Uh? Really, 738 00:40:12,680 --> 00:40:15,239 Speaker 1: really a lot of concerns that are being raised two 739 00:40:15,360 --> 00:40:18,759 Speaker 1: years out. I want to turn to this story on 740 00:40:18,800 --> 00:40:22,839 Speaker 1: a geopolitical note as well, some worry potentially coming out 741 00:40:22,840 --> 00:40:28,359 Speaker 1: of Washington now about President Biden's pretty hawkish stance on China. Yeah, 742 00:40:28,400 --> 00:40:32,240 Speaker 1: there are a lot of folks in Congress, Biden himself, 743 00:40:32,400 --> 00:40:35,680 Speaker 1: who have become like very strong China Hawks, especially as 744 00:40:35,680 --> 00:40:39,000 Speaker 1: we've seen Hi Jin pains secure himself a third term. 745 00:40:39,280 --> 00:40:41,719 Speaker 1: But there are some leavings at US specialists on China 746 00:40:41,800 --> 00:40:44,920 Speaker 1: who are skeptical of the logic behind the US aggressive stance. 747 00:40:44,960 --> 00:40:48,080 Speaker 1: They're not dubbish on China per se, but they're just 748 00:40:48,200 --> 00:40:51,200 Speaker 1: worried that by being so aggressive that might lead to 749 00:40:51,239 --> 00:40:54,360 Speaker 1: more aggression from China and that things might eventually escalate. 750 00:40:54,600 --> 00:40:57,080 Speaker 1: Bonnie glass or, the director at Asia's program for the 751 00:40:57,120 --> 00:40:59,799 Speaker 1: German Martial Fund of the United States, called the US 752 00:40:59,880 --> 00:41:02,640 Speaker 1: is approach sloppy and said it could end up provoking 753 00:41:02,680 --> 00:41:05,239 Speaker 1: the war that we seek to deter. And that will 754 00:41:05,280 --> 00:41:09,799 Speaker 1: be very interesting to see how that stands continues in Congress, 755 00:41:10,000 --> 00:41:12,719 Speaker 1: where they've had a lot of these laws come out 756 00:41:12,760 --> 00:41:15,719 Speaker 1: about China about how the US and China relate. You've 757 00:41:15,760 --> 00:41:18,880 Speaker 1: seen this really strong, vidant partisan support for being aggressive 758 00:41:18,880 --> 00:41:21,440 Speaker 1: about China, and it will be interesting to see if 759 00:41:21,440 --> 00:41:24,319 Speaker 1: there's any sort of breakthrough through some of these other 760 00:41:24,400 --> 00:41:27,880 Speaker 1: China specialists who say, hey, we have to take China seriously, 761 00:41:28,160 --> 00:41:30,920 Speaker 1: but we also should try to avoid escalation. In just 762 00:41:31,000 --> 00:41:33,000 Speaker 1: thirty seconds left here. That's gonna put a lot more 763 00:41:33,040 --> 00:41:35,719 Speaker 1: attention on the G twenty summit coming up later this 764 00:41:35,760 --> 00:41:38,880 Speaker 1: month because President Spiden and she are potentially going to 765 00:41:38,960 --> 00:41:41,800 Speaker 1: meet there potentially, yes, and this is going to be 766 00:41:41,840 --> 00:41:44,840 Speaker 1: obviously a very critical meeting. But between the two leaders, 767 00:41:44,880 --> 00:41:48,560 Speaker 1: between the two economic powers, um, they've had a bit 768 00:41:48,560 --> 00:41:50,960 Speaker 1: of a rocky relationship. But at the same point, the 769 00:41:50,960 --> 00:41:53,160 Speaker 1: White House has still tried to say, you know, we do, 770 00:41:53,200 --> 00:41:55,680 Speaker 1: we do want to continue to work with Beijing on 771 00:41:55,719 --> 00:41:58,880 Speaker 1: our mutual interest well, of course continuing to do things 772 00:41:59,320 --> 00:42:01,960 Speaker 1: uh speak. Gripelosi's I think trip to Taiwan was was 773 00:42:02,000 --> 00:42:04,759 Speaker 1: a huge example um of kind of how the US 774 00:42:04,840 --> 00:42:07,520 Speaker 1: is trying to position itself right now in relation to China. 775 00:42:07,719 --> 00:42:10,920 Speaker 1: Bloomberg Government reporter Emily Wilkins getting ready for the last 776 00:42:10,960 --> 00:42:16,120 Speaker 1: weekend before election day mid term Tuesday. Emily thinks as always, 777 00:42:16,120 --> 00:42:19,040 Speaker 1: read more at Bloomberg dot com or on the Bloomberg terminal, 778 00:42:19,040 --> 00:42:23,000 Speaker 1: Listen to Bloomberg Radio in Washington Bloomberg and one oh 779 00:42:23,040 --> 00:42:25,680 Speaker 1: five point seven FM h D two. Of course, the 780 00:42:25,680 --> 00:42:28,480 Speaker 1: most important news coming out of Washington this morning, October 781 00:42:28,520 --> 00:42:31,440 Speaker 1: pay rolls due out in a little more than an 782 00:42:31,440 --> 00:42:34,239 Speaker 1: hour and a half. We will have full coverage for 783 00:42:34,360 --> 00:42:37,719 Speaker 1: you on Bloomberg Radio and television, including an interview with 784 00:42:37,800 --> 00:42:42,360 Speaker 1: Labor Secretary Marty Walsh later on this morning. Bloomberg surveillance 785 00:42:42,440 --> 00:42:46,640 Speaker 1: is next for Karen Moscow. I'm Nathan Hagar. This is 786 00:42:46,760 --> 00:42:47,400 Speaker 1: Bloomberg