Speaker 1: Life, Bloomberg Interactive Broker Studios. This is Bloomberg day Break
Speaker 1: for Wednesday, June eight two. Coming up this hour. Key
Speaker 1: primary results are in from California and New Jersey. We're
Speaker 1: live with the latest chorus. Johnson plans legislation to override
Speaker 1: parts of the Brexit deal. Credit sweet shares plunge after
Speaker 1: warning of a second quarter loss, and new developments this
Speaker 1: morning involving Elon Musk and Twitter controversy over a planned
Speaker 1: New York City event with Florida Governor de Santis plus
Speaker 1: a New Jersey mayor says the American Dream mall Owes
Speaker 1: his city millions. Michael lar More ahead, I'm John stage
Speaker 1: and Swards Tampa. Maybe if the Rangers to tie up
Speaker 1: the series at two the Yankees one at Minnesota. The
Speaker 1: Mets were shut out from San Diego. That's all strained
Speaker 1: Ahead on Bloomberg day Break on Bloomberg eleven three, on
Speaker 1: New York, Bloomberg one, Washington, d C, Bloomberg one oh
Speaker 1: six one, Boston, Bloomberg nine sixties and Francisco Sirius x
Speaker 1: M one nine team and around the world on Bloomberg
Speaker 1: Radio Dot corm and via the Bloomberg business app. Hey,
Speaker 1: good Wednesday morning. I'm Nathan Hager, I'm Amy Moura's daybreak
Speaker 1: is brought to you by Informatica. In the cloud, your
Speaker 1: data has the power to do the extraordinary. Managed data
Speaker 1: across any location in the cloud for accurate and actionable insights.
Speaker 1: More at Informatica, dot Com and US features are moving
Speaker 1: lower this morning. We are coming up to five oh
Speaker 1: one on Wall Street. We checked the markets every fifteen
Speaker 1: minutes during the trading day on Bloomberg. Right now, S
Speaker 1: and P futures are down fifteen points, Staff futures down
Speaker 1: a hundred thirty three, Nastack futures lower by thirty two
Speaker 1: points ten. Your treasuries down nine thirty seconds. The yield
Speaker 1: three point zero percent yield on the two year two
Speaker 1: point seven four nim X screwed up seven tenths per cent,
Speaker 1: or eighty six cents to a hundred twenty dollars twenty
Speaker 1: seven cents of barrel. Amy Well, Nathan more on the
Speaker 1: markets in just a moment. We begin with the primaries
Speaker 1: across seven states last night, starting in California. San Francisco,
Speaker 1: residents took to the polls who ousced progressive District Attorney
Speaker 1: Chasa Boudin. Voters were not asked to choose between criminal
Speaker 1: justice reform and something else. They were given an opportunity
Speaker 1: to voice their frustration and their outrage, and they took
Speaker 1: that opportunity. Jason Budin's recall election turned into a heated
Speaker 1: campaign that divided Democrats. Boudin sought criminal justice reform, critics
Speaker 1: painted him as far too lenient on crime. He addressed
Speaker 1: his supporters after his defeat, I want to be very
Speaker 1: clear about what happened tonight. The right wing billionaires outspent
Speaker 1: us three to one. They exploited an environment in which
Speaker 1: people are appropriately upset. San Francisco District Attorney Chason Buddin
Speaker 1: will be replaced by an interim d A chosen by
Speaker 1: San Francisco Mayor London Breed. Staying in California, amy Governor
Speaker 1: Gavin Newsom cruise to an easy victory. He'll advance to
Speaker 1: the November election in Los Angeles, where public safety is
Speaker 1: also a key issue in that city's mayoral race. Billionaire
Speaker 1: real estate developer Rick Caruso and California Representative Karen Bass
Speaker 1: are headed for or a runoff. In other states, congressional
Speaker 1: races service yet another measure of former President Donald Trump's
Speaker 1: influence over the GOP. Bloomberg's Michael Barr joins US Live
Speaker 1: with more on the primary races in New Jersey. Michael,
Speaker 1: good morning, Good morning, Nathan. A dozen US House seats
Speaker 1: are being contested in New Jersey. There were several GOP
Speaker 1: candidates who followed Donald Trump's brand. However, in New Jersey,
Speaker 1: only two out of the twelve member delegation are Republicans.
Speaker 1: In the second district, incumbent Jeff Van Drew won the
Speaker 1: GOP primary with six percent. Van Drew will face Democrat
Speaker 1: Tim Alexander, who got sixty two percent. In the fourth district,
Speaker 1: incumbent Republican Chris Smith one with fifty eight percent of
Speaker 1: the vote. Smith will face Democrat Matthew Jenkins, who ran unopposed.
Speaker 1: In the seventh district, Republican Thomas Kane Jr. Received forty
Speaker 1: six percent. Hill face incumbent Democrat Tom Malinowski, who got
Speaker 1: percent of the vote. In New York, Michael Barr, Bloomberg,
Speaker 1: Day Break, Alright, Michael, thank you. Five other states held
Speaker 1: primary South Dakota, mississipp In, New Mexico, Iowa, and Montana.
Speaker 1: Incumbents mostly staved off challenges from other candidates. Let's turn
Speaker 1: to politics overseas now Amy. After winning a confidence vote
Speaker 1: this week, UK Prime Minister Boris Johnson plans to press
Speaker 1: ahead with legislation that is likely to anger some of
Speaker 1: his political allies. Bloomberg's You and Parts joins US Life
Speaker 1: from London with the latest Good morning You, Good morning
Speaker 1: Nathan and Amy. Back to work for Boris Johnson is
Speaker 1: less than two days since the UK Prime minister narrowly
Speaker 1: survived the confidence vote among his Conservative Party colleagues. Now
Speaker 1: Bloomberg understands that Johnson is pressing ahead with divisive plans
Speaker 1: on the Northern Ireland Protocol. The legislation is likely to
Speaker 1: give ministers the power to UNI actually rewrite post Brexit
Speaker 1: trading rules. The European Union is warn the move could
Speaker 1: lead to a suspension of the UK's trade deal. In London,
Speaker 1: I'm You and Parts spoom Bok day break, Thank you you,
Speaker 1: and turning to the market's. US futures are down this
Speaker 1: morning after yesterday's broad based rally. Sentiment remains fragile amid
Speaker 1: concerns interest rates will need to go hire to reign
Speaker 1: in inflation. However, Pemco portfolio manager Aaron Brown says easing
Speaker 1: supply pressures could temporary aggressiveness from central banks. As we
Speaker 1: start to seeing more ships supply, as we start to
Speaker 1: see you know, less of this demand for goods, we
Speaker 1: do think that you will start to see inflation peak
Speaker 1: and then ultimately start to roll over. Aaron Brown of
Speaker 1: Pimco says waning supply chain disruptions leave her cautiously optimistic
Speaker 1: about markets in Asia. Amy China's tech stock saw a
Speaker 1: big jump. The government's latest batch of new game approvals
Speaker 1: bolstered bets. The industry's business outlook is on the mend.
Speaker 1: Bloomberg's Juliette Sally joins us with more on that from Singapore,
Speaker 1: and the Hank sink Teke index rose to a two
Speaker 1: month high. A sentiment was bolsted the authorities are moving
Speaker 1: towards policy normalization, but the contrarian who called China's tech
Speaker 1: routes says the sector is still a cell. DZ Banks
Speaker 1: Manuel Mural writing he feels reports regulators and preparing to
Speaker 1: wrap up a probe into d D a premature. Elsewhere,
Speaker 1: continued weakness in the yend saw Japanese equities rise and
Speaker 1: Australian Stokes recouped some of Tuesday's losses. Short dated India
Speaker 1: bonds rallied, with the four year yield dropping twelve basis
Speaker 1: points as India's Central Bank joined the jumbo rate high club,
Speaker 1: raising its benchmark interest rate by fifty basis points and
Speaker 1: opping its inflation forecast for the fiscal year to six
Speaker 1: point seven percent. In Singapore, Juliette Sale Bloomberg Daybreak, Thank you, Juliette,
Speaker 1: and europe Credit Swiss share shares are down more than
Speaker 1: seven percent. The Swiss London's expects a loss at the
Speaker 1: group wide level and investment bank in the second quarter.
Speaker 1: Credits we says market conditions have remained challenging. Now there's
Speaker 1: no uncertainty this morning surrounding the Elon Musk Twitter deal,
Speaker 1: Amy and Bloomberg UNIEDA Young joins US Live with more
Speaker 1: on that and Rnita, Good morning, Good morning, Nathan. Elon
Speaker 1: Musk's attempts to get new funding to take Twitter private
Speaker 1: are now on hold, and it's because of uncertainty surrounding
Speaker 1: the deal. That's according to Reuters, who reports the conversations
Speaker 1: have halted with private equity firms including Apollo Global Management
Speaker 1: until this clarity about the future of the acquisition. Now,
Speaker 1: Musk has been trying to reduce his thirty three point
Speaker 1: five billion dollar cash contribution to the forty four billion
Speaker 1: dollar deal by preferred equity financing. Meantime, He's also threatened
Speaker 1: to back away from the deal if Twitter cannot prove
Speaker 1: less than five percent of its users are bots. Live
Speaker 1: in New York. I'm gonna need a young Bloomberg day break. Okay,
Speaker 1: we need to thanks. Futures moving lower this morning, straight ahead,
Speaker 1: local headlines, and the check of sports. This is Bloomberg.
Speaker 1: Thank you, Nathan. Five or seven in Wall Street, we
Speaker 1: bring in Michael Barr with more on what else is
Speaker 1: going on in New York and around the world. Michael,
Speaker 1: thank you very much. Amy. New York lawmakers called on
Speaker 1: the Chelsea Piers Entertainment Center to cancel an upcoming event
Speaker 1: that includes Florida govern around the Santist, saying his appearance
Speaker 1: would be an insult to the city's LGBTQ community. According
Speaker 1: to an online event scheduled to scientists, a Republican and
Speaker 1: potential presidential candidate, we'll discuss the Florida model and why
Speaker 1: it's good for religious Americans on June twelve at the
Speaker 1: Jewish Leadership Conference. Local lawmakers representing or running for office
Speaker 1: in the area I have said the booking is offensive
Speaker 1: to lgbt Q New Yorkers, especially considering Chelsea status as
Speaker 1: an important neighborhood for LGBTQ history. Critics specifically cited the
Speaker 1: Florida law to Santa Signed that restricts classroom instruction about
Speaker 1: sexual orientation and gender identity for children in kindergarten through
Speaker 1: third grade. Is the Senate getting closer to a compromise
Speaker 1: on gun safety, Bloomberg said. Baxter reports Senator Chris Murphy
Speaker 1: is telling President Joe Biden every day we get closer
Speaker 1: to an agreement, not further away, and House Minority Leader
Speaker 1: Mitch McConnell is being very careful about commenting. I don't
Speaker 1: want to speculate about how many of my members might
Speaker 1: support it, So Majority Leader Chuck Schumer says it will
Speaker 1: need those votes. We don't just need thoughts and prayers,
Speaker 1: We need votes. We need action. We need at least
Speaker 1: ten Republicans who are willing to say yes. But the
Speaker 1: hope is closer in San Francisco. I'm at Baxter, Bloomberg
Speaker 1: gay break. It comes as Matthew McConnaughey made a plea
Speaker 1: to Washington, d C. To make changes to gun laws. Now.
Speaker 1: The Valley, Texas native visited his hometown the day after
Speaker 1: the massacre at an elementary school that left nineteen children
Speaker 1: and two of their teachers dead. The actors spoke to
Speaker 1: the White House Press reefing calling out any legislators who
Speaker 1: are hedging on change. We start right now by voting
Speaker 1: to pass policies that can keep us from having as
Speaker 1: many Columbines. Sandy Hooks, Parklands, Las Vegas is buffaloes, and
Speaker 1: you valudies. From here on, McConaughey called on lawmakers to
Speaker 1: rise above politics. Americans, raam. The five billion dollars super
Speaker 1: mall in New Jersey isn't only in the Hawk the
Speaker 1: bond holders. The mayor of Eastford says the shopping and
Speaker 1: entertainment complex. Oh was the borough between five point five
Speaker 1: and six million dollars there. Jeffrey Liffe Hill Here says
Speaker 1: the mall, which is in the middle Lands Sports Complex,
Speaker 1: it's failed to make payments in lieu of property taxes.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg quicktake powered by more than the journalis annalists countries.
Speaker 1: I'm Michael bar this is Bloomberg game all right, thank you, Michael.
Speaker 1: Time now for the Bloomberg Sports update. Here's john sas
Speaker 1: Thanks Amy, and the Rangers have gotten to this point,
Speaker 1: two wins from playing for the Stanley Cup, winning only
Speaker 1: twice on the road. They won the two road games
Speaker 1: they had to win a the season would have been over.
Speaker 1: Game six in Pittsburgh, Game seven at Carolina, but they've
Speaker 1: lost the other seven on the road. Tampa Bay took
Speaker 1: last night's game four, four to one in the East Finals,
Speaker 1: are now tied into The only Ranger goal came late
Speaker 1: the Martemi pinery. It was on the power fed. Rangers
Speaker 1: were not able to score in the two games at
Speaker 1: Tampa at even strength. They come home. They've won eight
Speaker 1: in a road Game five tomorrow night at NSG. Game
Speaker 1: three of the NBA Finals tonight in Boston, Celtics and
Speaker 1: Warriors tied at one win of the year for the Yankees.
Speaker 1: With an occurrence early on that has now happened twenty
Speaker 1: two times. Indeed, Bucks stood back, He's on the track,
Speaker 1: He's on the wall. Change done over the center fille
Speaker 1: Wall a judge in Blast. But he is something Aaron
Speaker 1: Judge that's happened to live all the John Stirling on
Speaker 1: w F and twenty two omers for judge that was
Speaker 1: first with a man, John Carlos Stanton in his twelve
Speaker 1: also in the first seventh that ain't three runch shot
Speaker 1: for Anthony Rizzo his fourteenth. Yanks beat the Twins ten
Speaker 1: to four. They are forty and fifteen. They've won seven
Speaker 1: in a row. Mets loss in San Diego seven nothing
Speaker 1: managed only two hits off the Padres you Darvish Red
Speaker 1: Sox one in tenantings. They sent the Angels to a
Speaker 1: club record thirteen bloss in a row. The Angels fired
Speaker 1: their manager, sixty eight year old Joe Madden, who's been
Speaker 1: managing the majors to the last seventeen years. He wont
Speaker 1: to pen it with Tampa Bay, of course, won a
Speaker 1: World series with the Cuts. John Stash where Bloomberg Sports team,
Speaker 1: all right, thank you, john S and P. Futures down
Speaker 1: twenty del futures down one hundred seventy four, Nasdaq futures
Speaker 1: down forty six and a half. We have much more
Speaker 1: still to come on this Wednesday morning, on Bloomberg Daybreak.
Speaker 1: Stay with us. This is Bloomberg Bloomberg eleven three oh
Speaker 1: weather today, maybe an early shower, otherwise partly to mostly
Speaker 1: study and breezy. We'll see eighty five degrees seventy five
Speaker 1: degrees tomorrow it will be eighty and sunny. To start
Speaker 1: your weekend, Markets headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot com for the Bloomberg Business
Speaker 1: at and at Bloomberg Quicktake. This is a Bloomberg Business Flash.
Speaker 1: I'm Nathan Hager. European stocks are moving lower along with
Speaker 1: US equity futures on persisting worries about high inflation and
Speaker 1: slowing growth. Adding to those worries, new word from the
Speaker 1: Organization for Economic Cooperation and Development and its latest forecast,
Speaker 1: warning the world economy will face a hafty price for
Speaker 1: the war in Ukraine, encompassing weaker growth, stronger inflation, potentially
Speaker 1: long lasting damage to supply chains. O e c D
Speaker 1: slash its outlook this year to three percent from the
Speaker 1: four and a half percent it predicted in December, and
Speaker 1: doubled its inflation projection to nearly nine percent for its
Speaker 1: thirty eight member countries. We checked the markets every fifteen
Speaker 1: minutes during the trading day on Bloomberg. Right now, SMP
Speaker 1: futures are down sixteen points down, futures down a hundred
Speaker 1: fifty one. NAZAC future is lower by thirty two points.
Speaker 1: The docks in Germany down three tenths percent, the cat
Speaker 1: in Paris is lower by four tenths percent. To foot
Speaker 1: see one hundred in London lower by a quarter percent
Speaker 1: ten Your treasuries down eight thirty seconds. The yield at
Speaker 1: three percent deald on the two year two point seven
Speaker 1: four Nimex crude is up three quarters of one percent,
Speaker 1: or ninety cents, and a hundred twenty dollars thirty one
Speaker 1: cents a baril come X golled down a tenth per
Speaker 1: cent or two dollars forty cents at eighteen forty nine
Speaker 1: seventy anounce. The euro is at one point zero six
Speaker 1: eight two against the dollar, British pound one point one
Speaker 1: five to nine, and the end is at one thirty
Speaker 1: three point six nine. Seven am Wall Street time we
Speaker 1: get NBA mortgage applications, and at ten we had a
Speaker 1: report on wholesale inventories. That's the Bloomberg business flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Good morning, Michael, Good morning Nathan. Democratic US
Speaker 1: representative Karen Bass and billionaire developer Rick Caruso Breeze passed
Speaker 1: a large field of rivals looking to be the next
Speaker 1: mayor of Los Angeles and advantage to a runoff election
Speaker 1: in November. Bass Is boised to become the first woman
Speaker 1: to hold the job in the nation's second most populous city.
Speaker 1: The winner in November will replace outgoing Mayor Eric gar City.
Speaker 1: In the NHL East Final, Arrangers lost to the Lightning
Speaker 1: for one, the series now tied at two games apiece.
Speaker 1: In baseball, the Yankees won, the Mets lost, The Red
Speaker 1: Sox and the Orioles were winners. The Nationals lost, along
Speaker 1: with the A's and Giants. Global News twenty four hours
Speaker 1: a day on here and on Bloomberg quick Take, powered
Speaker 1: by more than the journalists analysts more than a hundred
Speaker 1: twenty countries. I'm Michael Barr. This is Bloomberg Gamey. Alright, Michael,
Speaker 1: thank you so much. It is five twenty on Wall Street.
Speaker 1: We're live from the Bloomberg Interactive Broker Studios on Bloomberg
Speaker 1: Daybreak and Michael just mentioned it. Yesterday was a really
Speaker 1: busy primary day in the US. Seven states held elections,
Speaker 1: with a focus mainly on setting up those house races
Speaker 1: for November. Joining us now with a rundown of some
Speaker 1: of the biggest contests from yesterday, Bloomberg Government reporter Emily Wilkins. Emily,
Speaker 1: thanks so much for joining us. Always a pleasure to
Speaker 1: have you. Oh, great to be honest, Amy, And yes,
Speaker 1: there were a lot of house races yesterday, although interestingly,
Speaker 1: I think the two most telling races for what we're
Speaker 1: going to see for the rest of the rest of
Speaker 1: this primary season as well as November, actually happened more
Speaker 1: at the local level, um the Los Angeles mayoral race
Speaker 1: and then a recall race for the San Francisco Attorney General.
Speaker 1: And you saw, basically voters really gravitate towards the idea
Speaker 1: that they need candidates in place who are going to
Speaker 1: take crime seriously, who are going to crack down on crime.
Speaker 1: That they've seen these rising crime rates, they've seen rising homelessness,
Speaker 1: and they're very really concerned. And they did vote to
Speaker 1: out Chelsea Bowden, the progressive district attorney who was elected
Speaker 1: in San Francisco Uh, you know, he was really seen
Speaker 1: as someone who wanted to be a little more lenient
Speaker 1: on criminals, kind of give them the second chance, and
Speaker 1: voters basically have said this approach is not working. Um.
Speaker 1: And I think this is something that you saw in
Speaker 1: the New York mayoral race. You've seen President Biden address.
Speaker 1: He talked about his support for the police, wanting to
Speaker 1: to back the local police, wanting to make sure that
Speaker 1: there is a reduction in crime. Um. It'll be interesting
Speaker 1: to see if in Washington when it comes to the
Speaker 1: legislation that's past the messaging that you hear. You've heard
Speaker 1: a little bit from Democrats on this issue, but it's
Speaker 1: certainly something that Republicans are hammering them on and we'll
Speaker 1: do so for the next couple of months. So we'll
Speaker 1: be interesting to see if there's actually any any laws
Speaker 1: or bills that come about as a result of this.
Speaker 1: So crime being a primary issue that that got San
Speaker 1: Francisco residents to recall their d A. Let's talk about
Speaker 1: what happened in l A. Then that race was neck
Speaker 1: and net the polls. Uh. In the polls as the
Speaker 1: voters were casting their's between Karen Bass, who's a representative
Speaker 1: and Rick Caruso, who's a billionaire. What does that also
Speaker 1: indicate as far as November is concerned. Well, Rick Caruso, who's,
Speaker 1: as you mentioned, a billionaire developer of high end malls.
Speaker 1: He really has sort of pitched himself as the outsider
Speaker 1: in this race, the law and order candidate, probably the
Speaker 1: more moderate choice, who was formerly a Republican before he
Speaker 1: switched to the Democratic Party. Well, Karen Bass, you know,
Speaker 1: she's someone who has been a Democrat, a community organizer.
Speaker 1: She's well known in the community, She's represented that area
Speaker 1: for quite some time now in Congress. And the fact
Speaker 1: that she is basing this very serious primary challenger does
Speaker 1: still kind of speak to the fact that you have
Speaker 1: crime and you have homelessness as major issues here. Um,
Speaker 1: and it'll be interesting to see a Crusoe technically has
Speaker 1: so far one more votes than Karen Bass has in
Speaker 1: this primary runoff, but not all of them have been counted.
Speaker 1: Uh So we have to wait for some final totals
Speaker 1: on that to really get a sense of the strength
Speaker 1: of the two candidates, but we do know that they
Speaker 1: are the two that will advance to the general election
Speaker 1: in November. Let's shift out to New Jersey got about
Speaker 1: a minute and a half here. Where were the focus
Speaker 1: in New Jersey was really on those House primaries and
Speaker 1: local like you mentioned also the Trump backed candidates and
Speaker 1: how they did. What did the results in New Jersey
Speaker 1: also show you? So in New Jersey, it was a
Speaker 1: great night if you were an incumbent Democrat Republican. A
Speaker 1: lot of them continue to lock down their seats, uh,
Speaker 1: you know, make sure that they are going to be
Speaker 1: running in the November runoffs at least. And you've got
Speaker 1: some really competitive races in New Jersey, particularly the Tom
Speaker 1: Keene Tom Melnowski race. UM. And you did see Kean
Speaker 1: who you know, uh, son of a former governor, grandson
Speaker 1: of a congressman. He has again one hit the Republican
Speaker 1: primary for that district, which is going to be very
Speaker 1: good for Republicans come November thanks to newly redrawn district lines. Um.
Speaker 1: But at the same point, you know, you you saw
Speaker 1: a couple of different narratives playing out with Republicans. You
Speaker 1: saw some that had gone against Trump and what he
Speaker 1: wanted to vote for in terms of infrastructure, in terms
Speaker 1: of January six go ahead and win their primaries. But
Speaker 1: you also saw others who had voted against what Trump
Speaker 1: wanted in deep red states like Mississippi have now run
Speaker 1: off runoffs in their primary. They had a really strong
Speaker 1: challenger and they're going to have to continue to defend
Speaker 1: their right for the Republican nomination. So we're still seen
Speaker 1: a bit of a mixed bag here and exactly where
Speaker 1: Trump's hold is. It seems to be that the red
Speaker 1: or the area of the country is the more likely
Speaker 1: it is that the lawmaker really needs to be in
Speaker 1: line with what former President Trump wants. Really interesting stuff,
Speaker 1: and as more primaries come down the pike, will be
Speaker 1: watching more of those local races because that seems to
Speaker 1: be where the story is being told. Emily Wilkins, Bloomberg
Speaker 1: Government Reporter, thank you so much for taking the time
Speaker 1: with us. Always a pleasure. We'll be talking with Emily
Speaker 1: later during Bloomberg Daybreak. SMP futures down almost sixteen, DAL
Speaker 1: futures down a hundred forty five now, NAZZAC futures down
Speaker 1: twenty nine. Much more to come on this Wednesday morning
Speaker 1: edition of bloom Daybreak. This is Bloomberg. Just ahead on
Speaker 1: Bloomberg Daybreak, we'll be talking with Greg val Gay with
Speaker 1: a g f investment about what those primary results may
Speaker 1: be indicating for him for this November that's still to calm.
Speaker 1: This is Bloomberg broadcasting live from the Bloomberg Interactive Broker's
Speaker 1: studio in New York. Bloomberg E Living Free to Washington,
Speaker 1: d C, Bloomberg ninety nine one to Boston, Bloomberg one
Speaker 1: oh six one to San Francisco, Bloomberg nom sixteen to
Speaker 1: the country Sirius XM to A one nine team, and
Speaker 1: around the globe the Bloomberg Business at and Bloomberg Radio
Speaker 1: dot Com. This is Bloomberg Daybreak, five thirty on Wall Street.
Speaker 1: Good Wednesday morning. I'm Amie Morris and Nathan Hagar. We're
Speaker 1: just about four hours away from the open of US training.
Speaker 1: Let's sketch up to date on the news you need
Speaker 1: to know at this hour. Beginning with some key primary
Speaker 1: results from coast to coast, Democratic representative Karen Bass and
Speaker 1: billionaire developer Rick Caruso breezed past a large field of
Speaker 1: rivals looking to be the next mayor of Los Angeles.
Speaker 1: They are advancing to a runoff election in November. The
Speaker 1: winner will replace outgoing l A Mayor Eric Carcetti. In
Speaker 1: San Francisco residents voted to recall progressive district Attorney Jason Boudin.
Speaker 1: Boudin tried to reform the criminal justice system, but critics
Speaker 1: accused him of being too soft on crime. We've made mistakes,
Speaker 1: We've learned a lot, and I am so unbelievably appreciative
Speaker 1: about sixty of those voting favorite ousting Boudin. He'll be
Speaker 1: replaced by an interim district attorney chosen by Mayor London
Speaker 1: Breed New Jersey, Amy and the second district incumbent Jeff
Speaker 1: and Andrew won the GOP primary with eight six percent
Speaker 1: of the vote. Van Drew will face Democrat Tim Alexander,
Speaker 1: who got in the fourth district incumbent Republican Chris Smith
Speaker 1: one with fifty eight percent of the vote. He'll face
Speaker 1: Democrat Matthew Jenkins ran on a post and in the
Speaker 1: seventh district, Republican Tom Kaine Jr. Received forty six percent
Speaker 1: of the vote. He will face incumbent Democrat Tom Malinowski,
Speaker 1: who got nent of Democratic votes. In UK politics, Bloomberg
Speaker 1: News has learned Prime Minister Boris Johnson will go ahead
Speaker 1: with legislation to override parts of the Brexit deal that
Speaker 1: risks in flaming tensions with members of his Conservative party
Speaker 1: and the European Union. All right, let's turn to market, Samy.
Speaker 1: Futures are lower following back to back games for the
Speaker 1: SMP five in Europe. Shares of Credit Sweezer down more
Speaker 1: than seven percent. The Swiss Lander expects a loss at
Speaker 1: the group wide level and investment bank in the second quarter.
Speaker 1: Credit sweet says market conditions have remained challenging after the
Speaker 1: invasion in Ukraine and monetary tightening around the world. New
Speaker 1: uncertainty surrounding the Elon Musk Twitter deal. Bloomberg's Ranita Young
Speaker 1: joins US Now Live with the latest. Ranita, good morning,
Speaker 1: Good morning Amy. Elon Must's attempts to get new funding
Speaker 1: to take Twitter private are now on hold, and it's
Speaker 1: because of uncertainty surrounding the deal. That's according to Reuters
Speaker 1: who were sports conversations have halted with private equity firms,
Speaker 1: including Apollo Global Management, until there's clarity about the future
Speaker 1: of the acquisition. And Muska has been trying to reduce
Speaker 1: his thirty three point five billion dollar cash contribution to
Speaker 1: the forty four billion dollar deal by preferred equity Financing
Speaker 1: Live in New York. I'm Renita Young Bloomberg Daybreak, Nita,
Speaker 1: thank you. Right now, SMP futures are down fourteen points down,
Speaker 1: futures down a hundred thirty six nanstack futures lower by
Speaker 1: twenty five points ten. Your treasury yield three point zero
Speaker 1: one percent. Local headlines and a check of sports. Next,
Speaker 1: This is Bloomberg, Thank you, Nathan five three down on
Speaker 1: Wall Street. Let's bring in Michael bar with more on
Speaker 1: what else is going on in New York and around
Speaker 1: the world. Good morning, Michael, Good morning Amy. New York
Speaker 1: lawmakers called on the Chelsea Piers Entertainment Center to cancel
Speaker 1: an upcoming event that includes Florida Governor around the center's
Speaker 1: saying his appearance would be an insult to the city's
Speaker 1: LGBTQ community. According to the online of ends schedule, the Santists,
Speaker 1: a Republican and potential presidential candidate, will discuss the Florida
Speaker 1: model and why it's good for religious Americans on June
Speaker 1: twelve at the Jewish Leadership Conference. The House Oversight Committee
Speaker 1: is set to here testimony today from survivors of mass
Speaker 1: shootings and the families of victims. Senate Minority Leader Mitch
Speaker 1: McConnell has privately expressed an openness to raising the age
Speaker 1: limit to buy an assault style rifle from eighteen to
Speaker 1: twenty one, but McConnell is not pushed for any specific policy.
Speaker 1: It is way too soon to start predicting how many
Speaker 1: are going to vote for it. We don't have an
Speaker 1: agreement yet, and so I don't want to speculate about
Speaker 1: how many of my members might support it. McConnell has
Speaker 1: not publicly said where he stands on raising the age requirement.
Speaker 1: Majority Leader Chuck Schumer says he expects a vote in
Speaker 1: the near future. Democrats are ready to take good, strong action,
Speaker 1: and every member of this chamber is going to have
Speaker 1: to answer the question, can we actually get something real done?
Speaker 1: Senator Schumer says they need ten and Republicans to vote
Speaker 1: for approval. Actor Matthew McConaughey is calling for Washington, DC
Speaker 1: to make changes to gun laws. He spoke to White
Speaker 1: House reporters, calling out any legislators who are hedging on change.
Speaker 1: Can both sides see beyond the political problem at hand
Speaker 1: and admit that we have a life preservation problem on
Speaker 1: our hands, Panthew McConaughey, a native of you Valdy, Texas,
Speaker 1: visited his hometown the day after the massacre and an
Speaker 1: elementary school that left nineteen children and two of their
Speaker 1: teachers dead. Fierce street battles and heavy shelling continued in
Speaker 1: the strategic Ukrainian city. Meanwhile, Kiev is asking for more
Speaker 1: rocket systems from the West. Global News twenty four hours
Speaker 1: a day on air and on Bloomberg Quicktake, powered by
Speaker 1: more than twenty seven journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr and this is Bloomberg. Amy,
Speaker 1: all right, thank you, Michael on Wall Street. Time now
Speaker 1: for the Bloomberg Sports update with John stash Our. All right, Amy,
Speaker 1: Home ice continues to mean a whole lot on the
Speaker 1: Stanley Cup playhouse. Rangers played that series with Carolina where
Speaker 1: the road team didn't win until Game seven, and now
Speaker 1: four games into the East Finals of Tampa Bay, both
Speaker 1: teams won twice at home. Game four, early goal over
Speaker 1: the Lightnings pat maroon, second period, Tampa scored again the
Speaker 1: other way, bounces it to the Lightning line. Quick up,
Speaker 1: root up for a lot of the middle coup shop,
Speaker 1: maybe a step in front hold shoot suck up good
Speaker 1: l A. Stephen Stampko scored in the third. Late goal
Speaker 1: for the Rangers are Tammy panerin on the power play.
Speaker 1: Rangers had gone eighty six minutes without a goal and
Speaker 1: Plott and empty er at the end. Tampa Bay won
Speaker 1: four one thirty one stays for andre v Celeski. Rangers
Speaker 1: hope the home cooking continues. If they keep winning at
Speaker 1: the Garden, where they won eight in a row, they'll
Speaker 1: win the series. Game five tomorrow. NBA Finals Game three
Speaker 1: tonight in Boston, Celtics and Warriors tied to one another.
Speaker 1: Yankee win their forty at seventh in a row ten
Speaker 1: four at Minnesota. Three Yankee home runs Aaron Judge, John
Speaker 1: Carlos Stanton, Anthony Rizzo, and two hits each from the
Speaker 1: two Yanks who have struggled mightily all season, Aaron Hicks
Speaker 1: and Joey Gallow only two hits all night for the Mets.
Speaker 1: They lost in San Diego seven nothing, Padres rough for
Speaker 1: nothing by the second and the new Darvish beat Taiwan Walker,
Speaker 1: Dustin Johnson and Phil Nicholson getting ready to play in
Speaker 1: London and the debut of the new Live Golf tour
Speaker 1: boat will then play the US Open next week near Boston.
Speaker 1: But Tiger Woods skipping the US Open says his body
Speaker 1: needs time to heal. Tiger hopes to play the British
Speaker 1: Open next month. John stasheer Bloomberg Sport team, All right,
Speaker 1: thank you, John. It is on Wall Street time now
Speaker 1: for the tri state business reporting. For that, We're joined
Speaker 1: by Bloomberg's Ed Corey. Paid Pal will let use his
Speaker 1: transfer certain cryptocurrencies to other customers exchanges and external wallets.
Speaker 1: The New York Department of Financial Services granted pay Pal
Speaker 1: a bit license. It governs businesses working with virtual currencies
Speaker 1: hours both. The New York Legislature ended its session last week.
Speaker 1: Policymakers approved a corporate tax break for chip manufacturers. It
Speaker 1: has come under scrutiny, though for potentially constant taxpayers up
Speaker 1: to ten billion dollars over twenty years, and for passing
Speaker 1: without a single public hearing or debate. Connecticut's Attorney General,
Speaker 1: William Tong says he'll asker possible criminal charges against members
Speaker 1: of the billionaire Sackler family over the marketing of the
Speaker 1: opioid pain killer OxyContin by their company for Due Pharma
Speaker 1: Sacklers agreed back in March to pay several states billions
Speaker 1: of dollars to resolve opioid lawsuits. That's your Bloomberg Trying
Speaker 1: State Business Report. I'm Ed Corey. Thank you, Ed. It's
Speaker 1: on Wall Street. Bloomberg Radio is on the air from
Speaker 1: San Francisco to New York, London to Hong Kong. Let's
Speaker 1: check in with our global news team for some of
Speaker 1: the top stories heard on our three hundred affiliate radio
Speaker 1: stations around the world. Steve Chas in New York, we're
Speaker 1: talking about the return of the high school reunion after
Speaker 1: two years of host bogos Um when he's done a
Speaker 1: hoe on ca Fabian Omaha farmers have the bleakest outlook
Speaker 1: in two years. On soaring costs, I'm Gina Servetti infle
Speaker 1: View c CEO in Minneapolis. I'm reporting that high drug
Speaker 1: costs are the focus of a Federal Trade Commission probe
Speaker 1: of units at United Hills CBS and Signal. I'm in
Speaker 1: Glory on w w K in Detroit. I'm reporting seventeen
Speaker 1: year old in Michigan will be able to attend bar.
Speaker 1: And those are some of the stories our tundred Bloomberg
Speaker 1: journalists and analysts are working on this morning around the world.
Speaker 1: It is thirty nine on Wall Street. The following is
Speaker 1: an editorial from Bloomberg Opinion. If ever there was a
Speaker 1: pyric victory, Boris Johnson's win and the Conservative Party leadership
Speaker 1: Jones this week must qualify. Although the UK Prime Minister
Speaker 1: gandered enough support to stay on in his role, more
Speaker 1: than of Tory MP's told him to go. There's little
Speaker 1: mystery why Johnson's government has run up a dismay catalog
Speaker 1: of broken promises and bungled initiatives. It has seriously mismanaged
Speaker 1: Brexit and the response to COVID, and left many confused
Speaker 1: about its economic priorities. The Prime Minister's threadbar authority is
Speaker 1: now completely shot. His net approval ratings stands at minus.
Speaker 1: A determination to hang on the face of such disapproval
Speaker 1: is unlikely to serve the Conservative Party's interests, much less
Speaker 1: the country's. The Tory's best case for retaining Johnson's services
Speaker 1: is that, for the moment, they have no obvious successor.
Speaker 1: Monday's embarrassment suggests that they better find one and fast.
Speaker 1: This editorial was written by the Bloomberg Opinion Editorial board.
Speaker 1: I'm David Shipley. For more Bloomberg opinion, please go to
Speaker 1: Bloomberg dot com, Slash opinion or opan go on the
Speaker 1: Bloomberg terminal. These has been Bloomberg Opinion. Bloomberg Opinion editorials
Speaker 1: can be heard every weekday at this time, and terminal
Speaker 1: customers can read more at OPI, I n go, SMP
Speaker 1: futures down sixteen and three quarters, DAL futures down one
Speaker 1: five and Nasdaq futures down thirty. Much more still to
Speaker 1: come on Bloomberg daybreaks. Stay with us. This is Bloomberg
Speaker 1: Bloomberg eleven three oh Weather today, maybe in early shower,
Speaker 1: otherwise partly the mostly sunny, kind of breezy going up
Speaker 1: to eighty five. We'll see eighty degrees with showers tomorrow,
Speaker 1: sunshine on Friday, going up to eight Markets, headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business Outland at Bloomberg Quick Take, He's a
Speaker 1: Bloomberg Business Lash. Nathan Haggard has risk off this morning,
Speaker 1: with stocks moving lower. Persistent worries about high inflation and
Speaker 1: slowing growth are gripping the markets. We check the numbers
Speaker 1: for you every fifteen minutes during the trading day on Bloomberg.
Speaker 1: Right now, SMP futures are down fourteen point, staff futures
Speaker 1: down a hundred thirty five, NASTAC futures are lower by
Speaker 1: twenty one points. The decks in Germany down three tenths
Speaker 1: per cent. The cat in Paris is down by almost
Speaker 1: a half percent. The foot see one hundred lower by
Speaker 1: a quarter of one percent. Ten Your treasury is down
Speaker 1: nine thirty seconds, with a yield at three percent yield
Speaker 1: on the two year two point seven four percent. Nimex
Speaker 1: crude is moving up up a one point one percent
Speaker 1: or a dollar thirty four two hundred twenty dollars seventy
Speaker 1: five cents a barrel. Comex school little change down seventy
Speaker 1: cents at eighteen fifty one fifty announced. The euro is
Speaker 1: at one point zero seven zero seven against the dollar,
Speaker 1: British pound one point to five three nine. The end
Speaker 1: is at one thirty three point seven too, and be
Speaker 1: a mortgage applications at seven am Wall Street time, followed
Speaker 1: by wholesale inventories at ten. Campbell's among companies scheduled to
Speaker 1: report earnings today. That's a Bloomberg business flash. And now
Speaker 1: here's my bar with more on what's going on around
Speaker 1: the world. Michael, Good morning, Nathan. Victims, families, and survivors
Speaker 1: of the Uvaldi and Buffalo mass shootings are in Washington,
Speaker 1: d C. Today for multiple hearings to call on the
Speaker 1: Congress to act on gun reform. In Iowa, a retired
Speaker 1: Navy admiral Democrat Mike Franken will challenge Republican Senator Chuck
Speaker 1: Grassley's re election this fall after winning his party's nomination
Speaker 1: over two competitors. In the NHL East Final, the Rangers
Speaker 1: lost to the Lightning for one, series now tied at
Speaker 1: two games apiece, and baseball the Yankees one, the Mets lost,
Speaker 1: the Red Sox and the Orioles were winners. The Nationals lost,
Speaker 1: along with the A's and Giants. Global News twenty four
Speaker 1: hours a day on air and on Bloomberg Quicktake, powered
Speaker 1: by more than twenty seven hundred journalists and analysts more
Speaker 1: than a hundred twenty countries. Michael bar and this is Bloomberg.
Speaker 1: Amy all right, thank you, Michael. It's five forty nine
Speaker 1: on Wall Street. We're live from the Bloomberg Interactive Brokers
Speaker 1: Studios on Bloomberg day break after yesterday's primaries, we are
Speaker 1: looking at what these races and their results are telling
Speaker 1: us about what we can expect in November. Joining is
Speaker 1: now Gregg Valiant, chief US policy strategist at a GF Investment. Greg,
Speaker 1: thanks so much for joining us. Always a pleasure. I
Speaker 1: gotta say, some of the big issues that keep coming
Speaker 1: up are crime, gun control measures now abortion rights, and
Speaker 1: of course inflation, including high gas prices. I want to
Speaker 1: know from you, though, if the election were just about inflation,
Speaker 1: it seems Democrats would be in trouble. But with these
Speaker 1: other factors, does that make a difference. Perhaps In Good Morning, Amy,
Speaker 1: I think that once in a great while in the
Speaker 1: world of politics, there's a message that is so clear,
Speaker 1: that is a metaphor for what's going on politically that
Speaker 1: you can't ignore it. And that happened in San Francisco
Speaker 1: last night. The fact that a progressive defund the police
Speaker 1: Democrat got beaten in a landslide sends a chilling message
Speaker 1: I think to a lot of Democrats around the country
Speaker 1: that they need to go to the center, going to
Speaker 1: the leftist coming in albatross for the party. In addition,
Speaker 1: in the race for the mayor of Los Angeles. You
Speaker 1: had Karen Bass and Caruso. They're both advancing to the
Speaker 1: November runoff, and you have, you know, one who is
Speaker 1: a representative, the other who is a billionaire in businessman.
Speaker 1: Does that give you any indications? Not necessarily, And I'd
Speaker 1: say that for Caruso, he should have won by a majority.
Speaker 1: Now he's going to runoff where it's just him against
Speaker 1: Karen Bass, and I think it's going to be a
Speaker 1: lot tougher for Caruso than it was last night when
Speaker 1: he had several other candidates diluting uh the vote total.
Speaker 1: Caruso has money, and Caruso has you know, the argument
Speaker 1: that crime is out of control in l A. But
Speaker 1: I think his chances have decreased. Something we're also noticing
Speaker 1: is that it's very granular how these results are turning
Speaker 1: out and what those results might be indicating when it
Speaker 1: comes to the primary and then perhaps the general election
Speaker 1: in a couple of years. Are you noticing that as well,
Speaker 1: that everything boils down to super local, which is kind
Speaker 1: of unusual, absolutely, right, Amy. I think that you know
Speaker 1: a lot of these races are based on parochial races,
Speaker 1: and I tell everybody don't overinterpret these primaries. That's why
Speaker 1: I think the San Francisco vote is so unique and
Speaker 1: so important. But if there is a theme you mentioned
Speaker 1: at the beginning of our chat, the theme still is inflation.
Speaker 1: And I think that the average American who seeing gasoline
Speaker 1: prices over six dollars a gallon, uh, wants to extract
Speaker 1: revenge and they want to blame somebody. And who is
Speaker 1: going to get blamed, Well, it's the party in power.
Speaker 1: Very briefly, I'm going to shift gears about the January
Speaker 1: six hearings. They're going to be public, they're going to
Speaker 1: be in prime time. They start tomorrow night. But when
Speaker 1: people are having a hard time filling up their gas
Speaker 1: tanks and dealing with those kitchen table issues that we
Speaker 1: talked about, crime, inflation, gun control measures, even is anybody
Speaker 1: going to tune in tomorrow? I think people will. I think, uh,
Speaker 1: it's probably not going to change a lot of votes.
Speaker 1: I think that, um, you know, it's not going to
Speaker 1: move the needle. As someone who follows politics for a living,
Speaker 1: I'll be addicted to this. It's going to be fascinating.
Speaker 1: A lot of speculation about Bombshell's coming, new new evidence
Speaker 1: being introduced, but I think in terms of the election again,
Speaker 1: it's inflation more than anything else, and closer behind inflation
Speaker 1: is urban crime as we saw last night. And absolutely
Speaker 1: Gregg Vali, chief US policy strategist at a GF Investment.
Speaker 1: Always a pleasure. Thanks so much, Nathan, okay me, thank you.
Speaker 1: It is coming up to five fifty three on Wall Street.
Speaker 1: It's time for a Bloomberg Law Report, brought to you
Speaker 1: by American Arbitration Association. Business disputes are inevitable, resolve faster
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Speaker 1: dispute resolution for over ninety years. More at a d
Speaker 1: R dot org. Now let's get to the legal stories
Speaker 1: we are watching this morning. Here's Bloomberg's Jeff Bellinger. A
Speaker 1: House past bill would make more small businesses eligible for
Speaker 1: expedited and less expensive bankruptcy procedures. The Federal Trade Commission
Speaker 1: is suing the footwear maker Gravity Defire Medical Technology, accusing
Speaker 1: the company of deceptively advertising its shoes as helping to
Speaker 1: relieve pain. Fiser filed a federal lawsuit alleging that MSN
Speaker 1: Laboratories proposed generic versions of zel gems would infringe on
Speaker 1: a fiser patent. Bloomberg Law everything you need, all on
Speaker 1: one legal research platform, including guidance analysis and Bloomberg Market Intelligence.
Speaker 1: Find out more at Bloomberg Law dot com. Now to
Speaker 1: another legal story we're watching. In the securities filing Monday,
Speaker 1: Elon Musk said he thinks Twitter is breaching their merger
Speaker 1: agreement by not meeting his demands for more information about
Speaker 1: spam and fake accounts. Legal experts widely speculated that Musk
Speaker 1: is having buyer's remorse. But the problem for Musk is
Speaker 1: he can't just walk away from the deal by paying
Speaker 1: a breakup see Twitter holds all the cards because their
Speaker 1: agreement contains a specific performance provision that allows the social
Speaker 1: media company to force Musk to consummate the deal. For
Speaker 1: more Bloomberg's June Grosso speaks with Eric Talley, professor at
Speaker 1: Columbia Law School. So let's suppose that Twitter hasn't given
Speaker 1: all the information because of privacy concerns. Is that enough
Speaker 1: to be a material breach of Twitter's obligations under this agreement. No,
Speaker 1: generally not. So there are two reasons why it's not.
Speaker 1: First of all, explicitly in the very same section of
Speaker 1: the contract that Mr Musk's lawyer has been citing, Twitter
Speaker 1: retains the right not to hand over information that would
Speaker 1: be confidential that might cause it to breach someone's privacy rights,
Speaker 1: or that might undermine its future competitive position. And so
Speaker 1: it's conceivable to me that that's the exact claim they're making.
Speaker 1: He's not satisfied with it, but it is in fact
Speaker 1: baked into their contract rights all Eddie. Moreover, if these
Speaker 1: are the types of infirmities that can be cured over time,
Speaker 1: it also wouldn't get him off the hook from the deal.
Speaker 1: It would essentially possibly delay the closing of the deal
Speaker 1: until they could resolve what would and would not be disclosed.
Speaker 1: But it's not gonna be a likely excuse to walk
Speaker 1: away from the deal. So one of the possible reasons
Speaker 1: why Musk is trying to be so focal and vocal
Speaker 1: about this particular issue is possibly he is trying to
Speaker 1: encourage the very folks that he arranged to lend him
Speaker 1: money to start getting cold feet about lending him money,
Speaker 1: because if they get cold feet and say, sorry, the
Speaker 1: deal is off, we're not going to lend anymore. That's
Speaker 1: one of a few scenarios where he would plausibly be
Speaker 1: able to walk away and be exposed only up to
Speaker 1: this billion dollar termination feet. How long does Twitter have
Speaker 1: to wait before it says, Okay, we're going to court
Speaker 1: to enforce this contract. Well, in principle, they could file
Speaker 1: suit anytime they want, did. I think one of the
Speaker 1: things that you really want to try to balance from
Speaker 1: Twitter's perspective, is to assemble a track record of acting
Speaker 1: in good faith, moving things along in the direction of
Speaker 1: trying to close this transaction without yourself getting hotheaded or
Speaker 1: overly demanding. So the executives of Twitter has no doubt
Speaker 1: sort of taken this lesson to heart that they're in
Speaker 1: a relatively strong position based on the contract, to the
Speaker 1: extent that Musk is trying to goad them into a
Speaker 1: public spat or a spat that causes them to start
Speaker 1: acting petty and withholding things that could just put them
Speaker 1: in breach of this contract. So I think their approach
Speaker 1: is probably the right one is to say, navigate this
Speaker 1: boat as steadily as we can, realizing that we're gonna
Speaker 1: get hit by a tidal wave every once in a while.
Speaker 1: That's got Elon Musk's fingerprints all over it, but keeps
Speaker 1: sailing towards the north Star, and if at some point
Speaker 1: he does something definitive to walk away from the deal,
Speaker 1: that's when we will go ahead and file suits. MBA
Speaker 1: Law School speaking with Bloomberg's June Grosso. You can catch
Speaker 1: more of that interview, plus analysis of the latest legal
Speaker 1: news by subscribing to the Bloomberg Law Podcast or downloading
Speaker 1: the show at Bloomberg dot com. Slash podcasts and attorneys
Speaker 1: can find exceptional legal research and business development tools at
Speaker 1: Bloomberg Law dot com and on the Bloomberg terminal at
Speaker 1: b Logo. SMP features down fourteen points, now down features
Speaker 1: down a hundred thirty eight, NAZDAC features lower by twenty
Speaker 1: eight points. The tenure treasuries down eight thirty seconds. The
Speaker 1: yield at three percent yield on the two year two
Speaker 1: point seven four nimex screwed up one and a half percent,
Speaker 1: or a dollar eighty to a hundred twenty one dollars
Speaker 1: one cents. The barrel comic School little change at eighteen
Speaker 1: fifty two ten an ounce. Bloomberg Daybreak continues. This is
Speaker 1: Bloomberg