Live from the Bloomberg Interactive Burgers studios. This is is Bloomberg day Break for a Monday, August twenty second two Coming up this hour, stock futures fall ahead of the key FED symposium in Jackson Hole. Can your treasury yields approach three percent? As traitors bet? J Powell and the Fed will continue their hawkish stance, and President Biden speaks with
European leaders about reviving a nuclear deal with Iran. New York City confirms a case of monkey box and someone under the age of eighteen plus a car bomb has killed the daughter of a prominent ally of Vladimir Putin. Michael larn More ahead, I'm John stas Shower and swards. An amazing win for the met a much needed one for the Yankees. The Subway series begins tonight. The Giants
won their preseason game. That's all trading ahead on Bloomberg Daybreak on Bloomberg eleven three, on New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties and Francisco Sirius XM one nineteen and around the world on Bloomberg Radio dot Com and Yo Bloomberg Business. Good morning. I'm Nathan Hagar and I'm Karen Moscow. U Stock index futures are falling this morning. We're coming up to six oh one on Wall Street. I mean check
the markets every fifteen minutes throughout the trading day. On Bloomberg, I guess and P futures down forty nine points down, futures down three hundred seven, NAZ day futures down a hundred can attend. Your treasury is of three thirties seconds held two point nine six percent. They yield on the two year three point to seven percent, and I'm ex screwed. Oil is down nine tenths of a percent, Nathan, Karen,
it's all about the Fed this week. The annual Jackson Hole Symposium begins Thursday, and FED Chair J Powell may use his speech on Friday to push back on speculation that interest rates will fall in benchmark ten. Your treasury yields came within a whisker of three percent, with traders betting the policymakers will double down on their hawkey Is stance.
Sylvia Jablonski is co founder of Defiant CTFs. You know what I would expect is that you know kind followus to what he's sort of been doing before, and you know, we'll probably hang on every word and try to determine whether or not we thought he was he was devilish or whether he was he was hawkish. But you know, the message we've been getting is very much it depends on the data to find ZTF Silviage Oblonski does not think the market will give a clear cut message from
the Fed. We of course, will have complete coverage of the Jackson Hole Symposium. Bloomberg Surveillance will be their live beginning Thursday with Tom Keene, Lisa Bramwo Woods, and Jonathan Farrell. Well Nathan, the Fed is still on a collision course with financial markets. According to the latest m l i V Pulse survey, stocks and bonds are set to tumble
once more, even though inflation is likely piked. Eighty four percent of respondence in the survey say it may take two years or longer for the Fed to bring inflation down to its official long term target of two percent. Well Wall Street's focus will be on the Fed this week, kar and we'll still get a number of earnings reports from tech companies, and we get a preview from Bloomberg's
Charlie Pellett. Those tech names this week will include Autodesk, dell Into its sales for Snowflake and v M. Where questions abound about the outlook for corporate earnings given Federal Reserve efforts to quell inflation with higher interest rates. Alan Zaffron Is co CEO at I e Q capital earnings aren't as bad as people fear. Inflation is starting to
come down. You have a remarkably over sold short term technical condition and if you do read the chartists and technical analysts are up there, they'll tell you that the set up right now is for a continuation of this rally. Also reporting this week, Dollar General, Dollar Tree, and Zoom Video Communications in New York, Charlie Bloomberg Daybreak, Rich Earlie Thanks in Asia, Chinese banks have cut their loan prime rates, and Bloomberry Daybreak Asia anchor Brian Curtis as Moore from
Hong Kong. The one year rate was lower just five basis points to three point six five percent. The five year rate, a reference for mortgages, was cut fifteen basis points to four point three percent. The rate cuts following news on Friday of additional five nancing to prop up the real estate sector. Chinese developer stocks jumped in Hong Kong. It comes as the economy faces pressure on a number of fronts. In the maintime, authorities have extended power cuts
in Sichuan Province. They've activated the highest emergency response in Hong Kong. Brian Curtis Sloomberg Gabrie Brian thanks oils following this morning, down nine tenths per cent or seventy seven cents to ninety dollars of Barrel West Texas Intermediate as negotiations move forward to revive a nuclear deal with Iran.
Details from Ami Morris in our Bloomberg newsroom. In Washington, President Biden spoke with leaders from Germany, France, and the UK for of the original signatories of the Iran nuclear deal, which also include Russia and China. The four discussed ongoing negotiations. Iran has released its response to the latest framework earlier this month, and the US has state type lift on its position. The e U took it as constructive. One advisor to Iran's nuclear negotiating team says to Iran, once
the US penalized if it backs out again. In Washington, I'm anymore. As Bloomberg Daybreak, right, Amy, thank you all. Back in East Asia, the US and South Korea are planning their biggest drill since North Korean leader Kim Jong UN's summit with then President Donald Trump, and Bloomberg said Baxter has that story, the biggest in about five years because the Trump Kim summit apparently did not work and enticing Kim John n to cut back on his nuclear programs.
The drills are called Bulchief Freedom Shield and are expected to involve thousands of military personnel. The US and South Korea say they're defensive in nature and will coordinate forces to respond to the possible invasion by North Korea. An angry response from the Kim regime is expected. In San Francisco, I'm at Baxter, Bloomberg Daybreak, Thanks turning to corporate news
to takeover. Battle for Signify Health is heating up. In Bloomberg, Grunita Young has that storyline, Good morning Granita, good morning Nathin. Sources say Amazon dot Com, United Health, CVS Health, and option care Health are all buying to acquire signify Health. United healthsmitted the highest bid at more than thirty dollars a share, while Amazon's offer is close behind. Signify closed above twenty one dollars on Friday, which values the company
at nearly five billion dollars. Now, none of the plans are finalized yet, and the bidders plans could still change. Signify could also always opt to remain independent. Sources still Bloomberg That signifies holding a board meeting today to discuss the bids. Live in New York. I'm gonna need a young Bloomberg daybreak. Need to thank you. Get ready to pay more for Tesla's self driving system. CEO Elon Musk tweeted the price will rise three thousand dollars to fifteen
thousand in North America. The increased will take effect on September five. It's his second price hyc for Tesla's self driving this year. And finally, Karen, it was tough for some Game of Thrones fans to enter the House of the Dragon through HBO Max. The Fantasy Prequels debut episode overwhelmed the streaming service last night. More than three thousand outages were reported on down detector as of nine pm
Eastern time. HBO's parent company, Warner Brothers Discovery says some viewers had trouble connecting to HBO Max through Amazon Fire TV devices. SFP futures are down forty eight points right now, down futures down there and at thirteen nastack futures are lower by one d eighty nine points. Straight ahead, your latest local headlines and a check of sports. This is Bloomberg. It's how six oh seven on Wall Street still seventy
three degrees in Central Park. Is still dealing with that accident westbound or southbound west Side Highway at a hundred fifty eight. Michael Bars here with Morrow. What's going on in New York and around the world. Michael, thank you very much, Nathan, New York has its first confirmed case of monkeypox in someone under the age of eighteen. Officials from the New York Department of Health say the virus was detected in a child or teenager living outside of
New York City. The virus is primarily spread through skin to skin contact, and the majority of cases have affected gay men, but it also has been detected and two women outside New York's city and sixteen women living in the city. With this new school year about to begin, New York City schools say they have not yet received any official guidance about monkey pocks. Meanwhile, starting today, an additional three D sixty thousand vials a monkeypox vaccine will
be available nationwide. That's potentially enough vaccine for one point eight million shots in arms. Using the Biden administration's new approach to stretch limited supplies. In Kansas City, Missouri, health official Scott Clarty is addressing privacy concerns. The city now has an online survey to help identify people who may qualify for the vaccine. If you're concerned that you may have been exposed to to to monkey poks, get online
fill out that form. Health official Scott Clarty says, according to data, there are more than fourteen thousand monkeypox cases nationwide. Republican Congresswoman Liz Cheney says that are focused now is keeping former President Trump out of the White House. Following her election loss, Cheney said that President Joe Biden phoned her and they had a very good talk. Cheney spoke to ABC just days after a primary loss in Wyoming. No regrets, UM, you know, I I feel I feel
sad about where my party is. I feel sad about the way that UM too many of my colleagues have responded to what I think is a great moral test and challenge of our time. Liz Cheney spoke on ABC's This Week, which can be heard Sundays on Bloomberg. Ukrainian officials are denying Russian allegations that they were behind the car bomb attack that killed the daughter of a prominent
Vladimir Putin ally in Russia. Daria Dugina, the daughter of a staunch supporter of the war, killed by a car bomb near Moscow her father Alexander Duggan and ultra nationalists, has been called Putin's Brain. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts more than twenty countries. I'm Michael barn The is Bloomberg, Nathan
Michael's thank you. Come up to six ten on Wall Street Time for the Bloomberg Sports Up David John Stash all Right, Nathan Subway series tonight. Mets won both games last month at City Field. Now they played two in the Bronx. No question who the hotter team is. The Yankees did win yesterday, but it was just their fifth win in the month of all this while the Mets, who did lose three of four in Atlanta, one three of four in Philadelphia and yesterday's win amazing. They had
to start a rookie Jose Buddha. He served up two three run homers to the Phillies Alley Bone on the Mets trail port nothing later seven to four, Mark Canna to the rescue, gain time three one homer, seventh and and then Canna came up with a night with the Mets trailing by Iran Robertson delivers Swingingna tried will hit to left docs gay Tom che God, do you believe this?
Don it again? They take the lead. Mark Canna with his arms raised over his head between first and second as he roused the face, then received BS to call them that's one. Ten to nine. Yankees finally beat Toronto with the stadium four to two to avoid the Blue Jays four games. Finally, clutch head. It came from Andrew Benn and Tendy, who's been quiet since the arrival from Kansas City. His first Yankee home run game winning two run shot seven that in the win to Lou Trevino
and other recent pick up. He got the last seven outs the subway series pitching matchups favor the Mets, Max Scherzer, Jos Tonight and Jake could be grown Tomorrow. I met Life the Giants third string quarterback Davis Webb rally Big Blue two preseason win over Cincinnati's Web through two fourth quarter touchdown passes, met Life Tonight Jets in the Atlanta Falcons. Patrick Cantley won the golf in Delaware for the second
straight year. John Stashytward Bloomberg Sports Nathome okay, John, thank you. SMP future is now down forty five point. Staff futures down two D ninety one. Nest A features are lower by a hundred seventy nine points. Send your treasuries up one thirty second. The yield two point nine six six per cent. We preview Jackson Hole next with Bloomberg Global Economics, corresponding Michael McKee. Stay with us. This is Bloomberg Bloomberg
eleventh three. Weather. Lots of clouds today, some scattered showers, thunderstorms behind your seventy five partly sunny, Maybe a few scattered showers tomorrow. Pin your eighty five degrees sunny in your ninety Wednesday right now, seventy three in Central Park markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com, The Bloomberg Business at and at Bloomberg Quick Tape. This is a Bloomberg Business Flash and I'm
Karen Moscow. Stocks in Europe are rich treating along with US stok indext futures futures as the federal reserves commitment to tighter monetary settings and worries about the effect on economic growth way on investors sentiment. We checked the markets every fifteen minutes throughout the trading day on Bloomberg S and P futures down to forty six points down, futures down to utter and nastday futures down a hundred eighty. The decks in Germany is down about one and a
half percent. Ten year treasury up one thirty second yeld two point nine six percent. They yield on the two year three point to eight percent. Nine Max fruit oil is down about seven tenths per cent or sixty one cents at ninety dollar sixteen cents a barrel. Comex gold is down eight tenths percent or fourteen dollars twenty cents
at seventeen forty eight sixty announce. The Euro is at one point zero zero one two against the dollar, the yen one six point nine zero, and Bitcoin this morning is down about one and a half percent at twenty one thousand, one hundred fifty dollars. Game Stop and bed Bath and Beyond are leading to clients and meme stocks This morning has the latest frenzy and the shares loses esteem. Bed Bath and Beyond is down eight and a half
percent right now. We're also watching AMC Entertainment down thirty four percent ahead of the debut of its new class of shares and as a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael Karen, thank you very much. The White House, who is saying During a joint phone call, the leaders of the s UK, France and Germany discussed how to revive the around nuclear deal. Previously, tehron had curbed it's nuclear
program exchange for relief from economic sensions. Ukrainian officials are the nying Russian allegations that they were behind the car bomb attack that killed the daughter of a prominent Vladimir Putinella. In baseball, the Yankees beat the Blue Jays four to the Mets beat the Phillies ten nine, The Orioles beat the Red Sox five three, The Nationals lost, The A's beat the Mariners five three, the Giants one NFL preseason yesterday, the Giants and Ravens one. In golf, Patrick Kentley wins
the BMW Championship. Global News twenty four hours a day on air and on Bloomberg Quickday, powered by more than twenty seven hundred journalists analysts more than a hundred twenty countries. I'm Michael Barr, and this is Bloomberg. Nathan. Okay, Michael, thank you. We're coming up to six twenty on Wall Street line from the Bloomberg Interactive Broker Studios. This is Bloomberg Day Break. Let's get more now and what we could expect from this week's Jackson Hole Symposium and that
speech from fed jaired FED chair j Powe. Bloomberg Economics correspondent Michael McKee joins me now and um, Mike, I don't know if we can say that we're seeing a reset in market expectations of what the Fed could do with interest rates, given where futures are going lower this morning, But is that what we could expect from Chairman Powell,
a reset of market expectations. I think the uh, the markets are hoping he will tell them something that can help them to figure out where we're going and how fast we're going to get there and therefore position for But I'm not sure they're going to get what they're looking for because it may be hard for Powell to even figure that out. I think what the what we'll see is a lot of volatility this week is trying to people try to read into various economic indicators whether
there's good news or bad news coming. But Paula's position hasn't changed a whole lot, and nor has the Feds. They believe they're going to have to keep raising rates to a certain point and stay air for a while, where the market thinks that they'll raise rates a little more and start cutting again. So that's the message he'll deliver out. Uh. Larry Summers out this last Friday on Wall Street Week with David Weston, saying that the Fed should be honest and say, look, we're going to create
a recession. I'm not sure paul is going to go that far. Yeah, I mean, we wouldn't. I mean, has there ever been a time where a federal Reserve has said that they expect and resentsially. Has that happened in history? No, And I've I've liken this to like a football game where the coach comes out at the beginning of the game and says, we're gonna get killed today. We're really
gonna lose by a lot. That's not gonna happen. Um, but Paul may, uh if if if he wants to send that kind of a message, he may dance around it by saying things like, um, you know, there's there's going to be pain involved. We know that. And we've seen some I guess gaming out of how long it's going to take for the FED to get to its too percent inflation target. We've got that m Live Pulse survey out this morning that says it could take a couple of years for inflation to get back to target.
I mean, is is there anything that markets could get from the chairman on that score? How long they expect the fight's gonna take. They've said it's likely to take a couple of years. They're there. Economic projections released in
June don't have us getting back till about two five. Now, the question is, uh, does anybody really have a good idea how how long it's going to take, because this is such an unusual UH inflationary trend, driven in large part by coming out of the pandemic and then the war, and we don't know what's going to happen with that war in Ukraine. We don't know whether energy prices are going to shoot up again, which would just make it
all the harder. We are seeing signs and use cars and airfares and things like that that some of the things that the Fed expected to be transitory were the period was longer, but they are starting to go down. So it's kind of hard for people to estimate how long it's going to take and have a good UH handle on that, which probably argues that J. Powell is not going to give us a specific timeline other than
to say it will take a while. Since I think I heard you bring up the T word again, Mike, how much UH stock should markets take in what Powell does say this week, given that when they held the symposium last year, he brought out the word transitory and he's now admitted that that turned out wrong. Got about thirty seconds. Yeah, there are some people who think that he's going to have a bit of a credibility problem. I think people can take his words at face value.
The only thing is is, UH, We're going to have a jobs report and a CPI report before the next FIT meeting on September twenty one, and those will have a major impact on what the FED does that day. So I don't think you can leave jackson Hole saying the fan is gonna do x ro y um September
twenty one. But I have an idea of the general trend, and that sounds like that could be the message that he sends that they just don't know where things could go, given that there is so much more data between jackson Hole and the next step MC meeting. Thanks for this, Mike, great as always having on with us Bloomberg Economics correspondent Michael McKee, And of course we will have full jackson Hole coverage for you right here on Bloomberg Radio and
Bloomberg Television. Bloomberg Surveillance is going to be there starting when the symposium kicks off on Thursday. Tom to Keene, Jonathan Farrell, Liso, Bronwood's taking you all the way through uh FED share Powell's speech coming up on Friday. The Capra of Jackson Hole looking ahead to the market open this morning. SMP futures are down forty six points, STAW futures down two hundred ninety four, and NASTAC futures are
lowered by one two points. You're listening to Bloomberg Daybreak Bloomberg eleven three oh weather clouds, some scattered showers and thunderstorms high your seventy five Today, we'll get into the mid eighties Tomorrow partly sunny with a few scattered showers and thundershowers. Wednesday sunshine behind your ninety right now seventy
three degrees. Broadcasting live from the Bloomberg Interactive Broker's studio in New York, Bloomberg in Freedom to Washington, d C. Bloomberg ninety nine one to Boston, Bloomberg one on six one to San Francisco, Bloomberg nine six to the country Sirius XM Chado one nine team, and around the globe to the Bloomberg Business app in Bloomberg Radio dot com. This is Bloomberg Daybreak six thirty on Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Mosca. We're just about
three hours away from the open of US trading. Time for the five things you need to notice start your day, Brought to you by I d k R Investment Advisers switched to interacted brokers for lowest cost global trading and turnkey custody solutions, no ticket charges and no conflicts of your interests at i vkr dot com slash r I at first the Annual Jackson Hole Symposium against Thursday, and we'll hear from Federal Reserve Chair j Powell and a
speech Friday. Bloomberry's Viney Down. Judas has a preview the FED chairs battling inflation after the central bank fumbled at the onset of the worst price surge in decades. Bloombrig Economics as Powell attempt to steady the message on interest rates in his talk at Jackson Hall and dissuade Wall Street that the Fed is made a devilish pivot by signaling the Central Bank is far from done in this
year's tightening campaign. So far, the Feed is lifted its benchmark rate from near zero to two point five percent. Judais Bloomberg day break. All right, Vinny, thanks, so we'll have complete cabage at the Jackson Hole Symposium Bloomberg surveillance will be their live overseas careen Chinese banks to cut their loan prime rates as Beijing pledge is to offer developers more financing. Hi Chen is head of investment strategy
at High Tong International. I think we already reached a point that a central government really need to step in and announcement over the week on the pottest banks, this executive good star. I think that really need to provide a backstop. High Chen with High Tong International says markets want to see how the Chinese government will prop up
it's struggling property space. Nathan A geopolitical note in Asia, the US and South Korea are planning their biggest military move since North Korean leader Kim Jong on summit, but then President Donald Trump. In corporate news, care in the takeover battle for signify Health is heating up. In Bloomberg's renied A Young joins US Live with that Good morning, Nita, Good morning, Nathan. Sources say Amazon dot Com, United Health, CVS Health, and option Care Health are all buying to
acquire signify Health. United Health submitted the highest bid at more than thirty dollars a share, while Amazon's offers close behind. Signify closed above twenty one dollars on Friday, which values the company at nearly five billion dollars. Now, none of the plans are finalized yet and bidders plans could still change, and Signified could always opted to remain independent. Sources tell Bloomberg that Signify is holding a board meeting today to
discuss the bids. Live in New York. I'm gonna need a young Bloomberg day break, all right, needed? Thanks Oil. Following this morning, nim Ex screwed oil is down a tenth of a percent. It's at ninety dollars sixty five cents of barrel. It's done about twelve cents, and Brent is at ninety six dollars fifty two cents. It comes as negotiations move forward to revive a nuclear deal with the Iran. That's the five things that you need to
notice start your day. Brought to you by Interact, your brokers and straight Ahead, your latest local headlines plus the check of sports. This is Bloomberg. I thank you. Hearing six thirty three on Wall Street, seventy three degrees in Central Park. Gotta crash. He's found six near Route nine. Details coming up in traffic. First, Michael Barr with what else is going on in New York and around the world.
Good morning, Michael, Good morning Nathan. New York City schools say they have not yet received any official guidance about monkey box. New York has its first confirmed case a monkey box and someone under the age of eighteen. Officials from the New York Department of Health say the virus was detected and a child or teenager living outside of New York City. The virus is primarily spread through skin to skin contact. Children in other states, including Texas and California,
have also contracted monkeypox. In Kansas City, Missouri, health official Scott Clarty is trying to make it easier to get a shot. If we can get, you know, get folks vaccimated, that will keep the spread down. Health official Scott Clarty as there are more than fourteen thousand monkeypox cases nationwide. Ukrainian officials are denying the Russian allegations that they were behind the car bomb attack that killed the daughter a
prominent Vladimir Putin ally, Alexander Duggan. Very Guinea's family said she borrowed her father's car, suggesting he was the target. House January six, Committee Vice chair Liz Cheney has said she thinks former Vice President Mike Pence should testify before the committee. Cheney also hinted that former President Trump could
be called to testify before the committee. Just days after her Republican primary loss in Wyoming, Cheney says that her focus now is keeping former President Trump out of the White House. Our party has abandoned principle and abandoned value, and abandoned fundamental fidelity to the Constitution in order to embrace a cult of personality. And I think that's really dangerous for a whole bunch of reasons. This. Cheney spoke in a d c S this week, which can be
heard Sundays on Bloomberg. Parental Rights Front and Center. In Florida, as Republican government around the Santis campaign in Durrell, supporting school board candidates who backed his controversial educational agenda. We are not going to surrender to woke. We're gonna prevail, and Florida is the state where woke goes to die. Former GOP Governor Charlie crist is now running as a Democrat for his old seat. My party left me. I didn't leave. It started with the tea party that's only
metatasized now. I'm very probole being a crowd Florida Democratic. It's where I should have been a long time ago. I'm glad to be here now and thank God for it all. Chris spoke to a DC Tomorrow. Is also Prime every day in New York Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists analysts more than a hundred twenty countries. Michael barn this is Bloomberg.
Thank you, Michael. Almost six thirty six on Wall Street, time for the Bloomberg Sports Update with John S. All Right, Nathan much. He didn't win for the Yankees, an amazing win for the Mets, and now the two teams, at least weather permitting, meet tonight in the Bronx started the two game Subway series. The Yankees went into Paul O'Neill Day at the Stadium with the worst record in August of any team in the Major's four and fourteen, assured of losing a sixth series in a row that hadn't
happened to twenty seven years. Just trying to avoid getting swept Yank and Blue Jays two to seventhing, Andrew been intended at the play. Here's the oh one. So on there goes, keep riding as hot, tell us fuck good, he hit us first come rod Nick putting the covered up better time to Benning the right bal seen the f A and Yanks one for to two Mets meanwhile one in Philadelphia tend to nine. They trailed for nothing
later seven to four. Mark Canna had a game sign three run homer seventh and and then the ninth Canada again two run shot to put the Mets ahead and moved them four games ahead of Atlanta. Now the Mets come with the Yankees with their one two parts of Max Suger and Jacob Degrant. But what it's worth. Giants two and over the preseason, they beat Cincinnati at MetLife twenty two, a game with three fourth quarter lead changes. Davis Webb led the Giants to victory, game winning TV
pass in the final minute. Daniel Jones started. He looked good, going sixteen of eighteen. Rookie edge Russher Cavan Thibodeaux left with a knee. Andre did not appear to be serious. The Jets hos the Falcons tonight. Patrick Cantley won the alf in Delaware. Tom Wiskoff passed away at seventy nine. He won sixteen PG events in the nineteen seventy three British But hen when we're up at the Masters four times, John Scar Bloomberg School, Okay, John, thanks. Six thirty seven
on Wall Street. Time to take a look at stock some of the names moving in the pre market with Bloomberg Radio and TV Markets correspondent Crety Gupta, Crety. We've been talking about this takeover battle for Signify Health heating up, but I look at the stock this morning. My goodness, what a surge. It is a massive surge. S g F wise your taker here for Signify Health. The jumping
at this fort in the pre market. Of course, this comes after reports of United Help, Amazon, CVS, and option Care Health all vying to buy the healthcare technology provider. And Nathan, this is really important. I really wanted to take an extra beat to to kind of spend on this. Amazon in particular, if you look at the names I just listed, A United healths CBS, Option Care Help, those are not huge, but those aren't the category that Amazon
usually fits into when it comes to its competitors. Amazon really making a massive move here to get into the healthcare space. And remember there have been multiple companies in the past, but you're Hathaway, even JP Morgan even who have tried to get into the healthcare business and haven't been able to do it successfully. So to see Amazon make this much of a bid for it is pretty significant. And remember we've been talking a lot about big tech
as well. Amazon has a ton of cash on their balance sheet just to kind of a legacy or I should say, a side effect of the pandemic and how much they've been able to borrow at those record low rates. So Amazon does actually have cash to spend. Of course, Signify help potentially becoming the beneficiary for that. As you point out, s g f Y is your taker up
about in the pre market. What's down though, is those meme stocks, Nathan, you have game stock, gm ME, your classic kind of I want to call mascot almost for the memestock crowd. Down about five percent in the pre market, but so is AMC Entertainment, but down by a lot more,
down about thirty three in the pre market. The tacher is just the letter A m C. And I want to put an extra minute on this one as well, because it is actually going to start trading under ape starting today, I believe, when the stock market opens and just just under three hours or so. So keep an eye on that bed Bath and beyond, of course, we know is also the one moving up from the retail crowd as well, B B B. Why is your taker down about nine percent? Nathan? And finally, Tesla is moving
for a couple of different reasons. Here it is, and it's not the only one. I kind of want to group some of the tech stocks together because of course we know the market is down broadly to the tune about one point two percent, so there isn't a ton of green on the screen anyway, but you are seeing some of the losses really magnified in the tech names like Tesla. For example, t s L as your ticker down about two percent in the pre market, but does not alone. Take a look at Netflix and f l
X is your ticker. They're down two point two percent in the pre market as well, and should go back to Tesla really quickly. It is taking it along with it. Some of the other electrical vehicle makers Rivan, Nicola, r I v N and n k l A down over two percent this morning. Yeah, Boomberg Radio on TV. Markets correspondent pretty goooped up with us this morning. As you mentioned, the tech sector sort of leading the declines out with Nasdaq futures down one point four or a hundred nine points.
SMP futures are down one point one percent to drop of forty seven points. There in Dow Future is down down three points. Stay with us, you're listening to Bloomberg Bay Bready Bloomberg eleven three oh. Weather clouds today, some scattered showers and thunderstorms with a high your seventy five. We'll get into the mid eighties tomorrow, partly sunny, maybe
a few scattered showers. Sunshine Wednesday, high right now seventy three in Central Park Markets headlines and breaking news twenty four hours a day at Bloomberg dot Com, Bloomberg Business apt and at Bloomberg Quick Tape. He's a Bloomberg Business Flash and I'm Karin Moscow Future is on the decline. This morning. We go to the first word Breaking News days for today's morning call. Here's Bell Maloney, A good
morning and good morning, Karen. That's right. Us features are under pressure right now at Features down three hundred points says to be strop forty eight one. NAS deck features are down by two hundred, the US ten year old at two point nine eight percent, Gold is down twelve, Oil is little changed, and Bigcoin is down by one percent. Japan fell half percent overnight, while Up and markets are also in the red this morning, and back in the
US on the economic front. At eight thirty, Chicago fed in deal news people familiar said that Amazon joined the bidding war for Signified Health and wrapping things up. Netflix was cut the cell over at c f R, a foot locker race to equate at Morgan Stanley, and Docu sign was cut to sector perform over at RBC Live from the first to Breaking News Dotcom. Bill Maloney, Karen, all right, Bill, thank you, and here live breaking news over your Bloomberg Times squawk on your terminal SCU you
a w K and that's a Bloomberg business flash. Now here's Michael Barrow with more on what's going on around the world. Michael, Karen, thank you very much. President Joe Biden spoke yesterday with fellow Western leaders looking to revive the nuclear d old. With the RN. Biden spoke with his counterparts in Germany, France and the UK Basketball Hall of Famer Dennis Rodman says he intends to visit Russia to try to help w n b A star Britney Grinder get back home. Grinder was sentenced to nine years
following her conviction on drug charges earlier this month. In baseball, the Yankees beat the Blue Jays four to The Mets beat the Phillies ten nine, The Orioles beat the Red Sox five three, The Nationals lost, The A's beat the Mariners five three, the Giants one NFL preseason action yesterday, The Giants and Ravens won global news twenty four hours a day on here and on Bloomberg Quicktake, powered by more than hundred journalists analysts more than a hundred twenty countries.
I'm Michael Barr. This is Bloomberg. The following commentary is from Bloomberg Opinion. What happened when Minneapolis ended single family's owning. I'm Justin Fox, the columnist for Bloomberg Opinion. In January, single family zoning went away in Minneapolis. Duplexes and triplexes were permitted in the seventy percent of the city, where previously only detached houses were allowed. The change and subsequent
similar moves elsewhere received a lot of attention. Some hailed it as a landmark move toward making housing more affordable and ending residential segregation. Others decried it as the end of the American way. What is transpired in Minneapolis since through the end of June, building permits have been issued for twenty new duplexes and eleven new triplexes in neighborhoods
where they wouldn't have been allowed before. Another twenty or so units have been created by newly allowed alterations to existing houses in a city of four hundred and twenty five thousand people. That's not exactly a housing revolution. It is a step. I'm justin Fox. For more opinion, please go to Bloomberg dot com, Slash Opinion or O P
I n go on the Bloomberg terminal. These has been Bloomberg Opinion and Bloomberg Opinion meentary is can be heard every weekday at this time and terminal customers can read more at O P I n go. It's like fifty on Wall Street and return to News Now and Science and Technology with the Bloomberg and j I T Stem Report. It has brought to you by New Jersey Institute of Technology and j i T makes industry ready engineers and
more than twenty fields. If it's engineering, it's at n j i T. Learn more at n j I T, DOT, E d U and here's let's making news in science, Technology, engineering, and map. Millions of students wearing face masks stream back to primary and secondary schools across the Philippines today. It was their first in person classes after two years of
coronavirus lockdowns. Officials grappled with daunting problems, including classrooms shortages, lingering COVID fears, and approaching storm and quake damage school buildings in the country's north. To welcome back many of more than twenty seven million students who enrolled for the
school year. Germany may have to extend its use of nuclear power if it's not able to replace all of its imports of Russian natural gas winter Berlin had decided to exit atomic energy permanently by the end of the year.
Cancer Oloff Schultz and Economy Minister Robert Habeck say there's the option of extending the lives of Germany's last three reactors past December and get ready to pay more for testless self driving System CEO Elon must tweeted the price will rise three thousand dollars to fifteen thousand in North America. Price cycle will take place on September five. It's the second increase this year. That's the Bloomberg and j I t Stem Report. Nathan Okay, Karen, thank you. We're live
from the Bloomberg Getteractive Broker Studios. Or It's almost six fifty two on Wall Street Time Now to check what's going on in d C, where some of the top stories include Congresswoman Liz Cheney promising to keep up her fight against former President Donald Trump even after losing her Republican primary in Wyoming. Cheney was a guest on a b C S this week. I'm going to be very focused on working to ensure that we do everything we can um not to elect election deniers, and I'm going
to work against those people. I'm going to work to support their opponents. I think it matters that much. Meanwhile, Democrats are feeling better about their chances in November against a growing number of pro Trump Republican opponents. Congressman Sean Patrick Maloney chairs the Democratic Campaign Arm in the House.
We've been counted out for a while now, but we are having a comeback, and we have great candidates all over the country, veterans, diverse candids that look like America, that are a good fit for their district, and we're excited to share those candidates with the American people. Congressman Maloney was on NBC's Meet the Press, also making news. Education Secretary Miguel Cardona with a unique pitch for how to use federal stimulus money to address a nationwide teacher shortage.
Let's use the American Rescue playing dollars to bring back retired teachers, to work with universities to make sure that our student teachers are starting a little bit earlier into their profession. Secretary Cardona was on CBSS Face the Nation, which you can hear every Sunday right here on Bloomberg Radio along with Meet the Press, and this week and now we're joined by Bloomberg Government reporter m Lee Wilkins
from the nation's capital. So here we are Emily, just about less than three months from the November general election, and as we heard, they're a lot more confidence from Democrats about the opponents they're going to be up against in house races. Yeah, Democrats are killing particularly good UM. They had a couple of special elections in Nebraska and Minnesota where Republicans have won, but the margins for Democrats were a little more narrow. They did better than we
thought they were going to do. And yes, while we have seen folks like Liz Cheney go ahead and lose her primary UM, there is a lot of confidence that Democrats are going to be able to pick up wins UM. Well, obviously she's a Republican, but they're Democrats are are pretty confident that they're going to be able to pick up wins in other places throughout the country, and particularly if you look at the Senate, there's a lot of confidence there just because there are a number of states where
the Democratic candidate is currently leading the Republican candidate. We're looking at key states like Pennsylvania where Tom Petterman is up against Um that met Oz, as well as in Georgia where herschel Walker has really suffered the string of UM this kind of setbacks personal gas, personal history, stumbling blocks on the campaign trail, and we're also seeing some
similar dynamics play out in Ohio. So there are all these key states that really could decide the makeup of the Senate, and right now it seems like Democratic candidates are are simply performing better than their Republican counterparts. What are the issues that that the parties are looking to focus on heading into November. Obviously the economy continues to
be a big one. But we've got this FBI search at former President Trump's home in mar Lago, Florida, and we have Democrats looking to capitalize potentially on abortion rights. Could those be drivers as well? I think you hit the hit the now the head there, Nathan Nathan with abortion rights. I mean that is really kind of the big one, uh, that Democrats have been touting the ones that they see more movement and turn out on. Remember, a lot of the mid terms is about folks actually
getting up and coming to the polls. They have to have a reason to want to do that. That's always hard for the president's party because you know, their voters look and say, well, we're in charge, but I'm probably good. I don't need to get to the bellot box today. But to have something hanging over Democratic voters with the intensity of the overturning of Roe versus Way, that is a motivator for them to get out and to go vote. And so that could definitely be something that gives Democrats
a huge boost. For Republican it's inflation inflation, inflation inflation. It's very much a focus on the economy, a focus on prices. Although we'll be interesting to see, of course, what happens if some of that cooling that we began to see in July, exactly how far that goes. I mean, certainly Democrats have been now quick to push back, uh, you know, putting out the gas prices are are much
lower than they were several months ago. Um, and I think even some Democrats are optimistic that they can to a certain degree run on the economy and particularly the low unemployment. One of about a minute left here, but one story that didn't make the Sunday shows was a President Biden chatting with European leaders about the Iran nuclear deal. Yeah, so Biden's focus. Top officials in Germany, France and the UK all signatorized at the original nuclear deal with Iran.
Negotiations have continued on that deal and Iran has submitted a response the latest proposal that the European Union put out, and the European Union has said that that response was constructive. Now, the US has yet to weigh in on the Iranian comments on that EO proposal, um we know that they're One advisor to the Iran negotiating team says that Toron wants to ensure the US will pay a price if they withdraw again from the agreement as it did under Trump.
But at this point there do seem to be some optimistic signs that they might be able to get back to an agreement on the nuclear deal. Thanks for this, Bloomberg Government reporter Emily Wilkins, and you can read more about these stories on Bloomberg dot com or on the Bloomberg terminal. Follow all the latest on Bloomberg Radio in Washington, Bloomberg and one oh five point seven FM h D two. Getting ready for the start of the trading week. Futures
are moving lower. We have SMP futures right now down forty six points down, futures down two eighty seven. Nasdaq futures are lower by a hundred ninety three points. The tenure Treasury is down to thirty seconds. The yield now two point nine seven almost two point nine eight percent yield on the two year three to nine Bloomberg surveillance is straight ahead for Karen Moscow. I'm Nathan Hagar, and this is Bloomberg