Bloomberg Daybreak: July 8, 2022 - Hour 2 (Radio)

shark attack on Long Island. I'm Michael barn More Ahead. I'm trying to stash and sports the Yankee SIXTI win of the year. They beat the Red Sox in their first game played this year in Boston, an easy win

for the Mets. That's all straight ahead on Bloomberg day Break on Bloomberg Eliving Free on New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius XM one nineteen and around the world on Bloomberg Radio dot Com and via the Bloomberg Business Act.

Good morning, I'm Nathan Hagar and I'm Karen Moscow. When US DOT index futures are lower this morning, and we're coming up to six oh one on Wall Street, let me check the markets every fifteen minutes throughout the trading day. On Bloomberg, I guess and P futures down at eleven points down. Future is down fifty three NASDAG futures down about the same that dacks in Germany's up to tens

of percent. Ten year treasury up six thirty seconds, YELD two point nine seven percent, and they yield on the two year two point nine Nimex screwde oil is down half percent or fifty five cents at a hundred two dollars eighteen cents of barrel. Comex school down to tens per cent or three dollars ninety cents at seventeen thirty five seventy, announced Nathan Karen. We begin with a violent attack in Japan. Former Prime Minister Shinzo Abe has been

assassinated shot during a campaign event. We get more from Bloomberg's Garrett Ready in Tokyo. The reaction from the people here would be I think I would term that a shock. These kind of events are extremely rare for this kind of thing to happen in a country where normally, you know, the politics are quite stayed on, where there really wasn't a lot of interest, and stuff that's going on sometimes absolutely extraordinary, and of course gun crime here is extremely rare.

Bloomberg scared ready reports from Tokyo that a forty one year old suspect is under arrest. He told police he wanted to kill Abe because he was frustrated with the former premier. Abe died after being shot from about ten feet away with what appeared to be a homemade firearm. All right, Nathan, Meantime, in the UK, pressure is building on Boris Johnson to relinquish power sooner. His Conservative Party wants to speed up the contest to choose Johnson's successor

by the end of the summer. Bloomberg's Lizzie Burden, reporting from Westminster, has more it's a wide open race at the moment. The front runners are driven by those with military experience and credentials, so the Defense Secretary Ben Wallace, the former Defense Secretary Penny more Tons, and also Tom Tooganhart, who has never held a senior cabinet position but has

served in the Armed forces. Of course, because of the war in Ukraine, they are taking the spotlight, but we're also in the midst of a cost of living crisis here in the UK, so that lends the limelight to the former Chunsella, Rishi, Sunac and Laberge. Lizzie Burden says Boris Johnson is hoping to stay on for at least three more months. Well. Back here in the US, Karen relations with China are in focus, and today President Biden will hold a meeting to discuss possible reductions in US

tariffs on Chinese goods. Amy Morris has details from our Bloomberg newsroom in Washington. Sources tell Bloomberg News that today's meeting revolves around whether to remove some Trump era levies on three hundred billion dollars in Chinese imports. Reducing those

tariffs is seen as a potential weapon against inflation. Treasury Secretary Tenant Yellen and Commerce Secretary Gina Ramando have said that it could help, but ending tariffs on Chinese goods won't help Americans, where higher prizes hurt the most food, fuel, and housing. Yellen, Ramando and Trade Representative Care rent I will not attend today's meeting in Washington. I'm any more as Bloomberg Daybreak, All right, Amy, thank you about turning to the economy. Now we are less than two and

a half hours away from the June jobs report. Economists a payroll gains will slow after the Fed raised interest rates. We get more from Bloomberg's Michael McKee. The consensus view is FED officials will be pleased by the June jobs report, hiring slowing but still strong, unemployment essentially unchanged, and wage pressures easy. An unfecast result would likely leave Wall Street

investors reasonably satisfied as well. The question is what happens if we get an extremely strong or extremely weak report. The central bankers have suggested a strong report won't change their plans for what will likely be another three quarter percentage point increase at the end of the month, but expect volatility of weak numbers lead investors to increased bets on recession. Michael McKee, Bloomberg Daybreak, All right, Mike, thanks so to the FEDS. Most talkish members are coming out

to support big rate hikes. Here's Fed Governor Christopher Waller. I'm definitely court of doing another seventy five based point hike in July, probably fifty in September, and then after that we can debate whether to go back down. The FED Governor Christopher Waller made those comments at an event hosted by the National Association for Business Economics St. Louis. FED President Jim Bullard's also calling for a seventy five

point rate hike this month. If we don't get the inflation under control, inflation expectations could become unmoored, and if that happened, then you get this long and complicated tangle like we did in the seventies. Both Bullard and Waller are voting members of the Federal Open Market Committee this year. Well, turning the corporate news now, Nathan Shares a Twitter down

amost four percent in early training. There's more concerned that Elon Musk's proposed acquisition of the social media company is falling Apart. To get the latest from Bloomberg, Shonali Bossek, who was at this week's tech conference in Sun Valley, Twitter CEO, CFO and board chair are all here at a small meeting of elite investors. Now there's a concern that the deal for Elon must to buy Twitter maybe in jeopardy as he's concerned about bots and has stopped

talks with the key potential investor. According to the Washington Post. However, investors at Sun Valley also believed that Elon must maybe looking to renegotiate the deal, especially given that Twitter stock right has fallen so far. I'm Shnali bask in Sun Valley for Bloomberg News and Bloomberg Shnelly bask in Sun Valley says Musk is slated to speak at the conference tomorrow. Are also watching shares of game Stop this morning. They are falling in early trading, down more than seven percent

on a key executive departure. Let's get more on that line from Bloomberg. Joinnida Young, Good morning, Grenada, Good morning Nathan. Game Stop fired at CFO Mike Recoopero yesterday. He was one of the several Amazon employees that game Stop had recently hired. It was an effort to shift its focus from physical storefronts to e commerce. But Bloomberg sources say Recoopero was fired because he was not hands on enough and treated game Stop as if it were Amazon. The

current chief accounting officer will replace him. The company is attempting to turn around a business that's been hit by shifting gaming demands and a troubled market. Live in New York, I'm Gonnita Young Bloomberg Daybreak. Okay, Rnita, thank you. Straight ahead, we'll bring you your latest local headlines and a check of sports. This is Bloomberg in six o seven on Wall Street, sixty degrees in Central Park and we have an accident on the inbound upper level the George Washington Bridge.

Details coming up in traffic. First Michael Barr with what else is going on in New York and around the world. Michael, thank you very much. Nathan to Star Witness appears before the U. S. House Committee today investigating the US capital attack. It will be a private meeting, but it could set the stage for the rest of the investigation. The committee had been leaning on Patspoloney the Trump White House Council

to appear for weeks. A Fire Island lifeguard was bitten by a shark on Long Island yesterday, possibly the third such attack the past week. Lifeguard was bitten near his left foot while conducting a training exercise about a hundred fifty yards from the shoreline. He was treated and released. The Biden administration says it's still working to free w NBA star Britney Griner now that she's pleaded guilty to

the Russian drug charges against her. Grinder told the Russian court she didn't mean to put a Vade cartridge containing cannabis in her suitcase when she flew to Russia. She could be sentenced to ten years in prison. Wine House Press secretary Karen Jean Pierre says they are still trying to free her. Clearly, we cannot negotiate in public. That is not something that we're going to do, but we are committed to making sure they all get home safely.

Press Secretary Karine Jean Pierre also says they're working is hard to free American Paul Wheeland, a man who was convicted of murder in connection with the twenty nineteen shooting death of a New York City police officer, was sentenced to at least thirty years in prison. The Queen's County District Attorney says twenty eight year old Jagger Freeman planned the hold up that resulted and Detective Brian Simonson's death.

The second officer was also wounded. Former Minneapolis police officer Derrek Chauvin has learned his fate and a federal plea deal for violating George Floyd's civil rights. Chauvin, already serving a lengthy sentence for killing Floyd in twenty has been sentenced to a little more than twenty years in a federal prison. During sentencing, Chauvin offered no apology. George Floyd's brother, Felonis,

spoke outside the courthouse after the hearing. You were bound here to serve a pet because that's your jaw title to server partigue. But I didn't see that that day. All I see was my brother taken away. All I seen with his last breath, All I see with him screaming out to my mom. Felonis Floyd says his brother was murdered by somebody who just didn't have any compassion. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred

journalists and analysts more than a hundred twenty countries. Michael Barr and this is Bloomberg, Nathan, Thank you, Michael. Almost six ten on Wall Street, time for the Bloomberg Sports Update with John sash all Right, Nathan and the Yankees first game this season in Boston they get their sixty if when did they even use Aaron Judge or Anthony Rizzo, both nursing minor injuries, So that's fifty two home runs

are on the bent. But Yank's got a third inning grand slam from Josh Donaldson and Aaron Hicks followed with a solo shot, So that's two guys who have not hit well this season. They both now home in back to back games. Yanks led five, They're nothing later six to two, when they held on to win six five. The Red Sots. Rafie Devers did his part, drove in all five to home runs off Garrett Cole, who Devers owns. He said six off Cole in his career, leaving the

Yankee's wondering what he has to do against Devon. It's pretty wild. He's just been able to hit every I mean, missus hasn't been a miss it, you know, like roll over one time, like line out one time. I mean so um, you know it's supposed it's supposed to fail seven out of ten times in this gig. I don't really to deal is cold. Everyone else out got his eighth Winnie Clay Holmes is sixteenth, saving The Yankees are

fifteen games ahead. Are the Red Sox. Easy went for the Mets at City Field pen nothing over the Marlins like the Yankees. Production from guys who have struggled. The j D name his Grand Slam Brian mccam three when Homer Trevor Williams came in one in five, but he held seven scoreless inning glad only two hits. Men's Semifinals. Today at Wimbledon, Novak Djokovic takes on the South African Cameron Nori, but the much anticipated match between Rapi on

the Dale and the Austine Nick Curios is off. The Dal had to pull out with an injury. The women's final is tomorrow. The Rangers have traded backup goalie Alex Gorgion the Colorado John Stasha Warm Bloomberg Sports Nathan all right, John, thank you right now. SMP futures are down six points, Stown futures down seventeen, Nanstack futures down forty one ahead of the release of the June payrolls reporting a little

more than two hours up. Next, the latest on the assassination a former Japanese Prime minister, Shinzo Abe, the legacy he leaves behind Bloomberg's Kreum Moriy joins US next from Japan. This is Bloomberg Bloomberg eleven three oh weather partly the mostly cloudy upper eighties today and he showers and early tomorrow it will turn partly sunny, less humid, low eighties,

mostly sunny low eighties for Sunday. Right now sixty nine in Central Park markets, headlines and breaking news twenty four hours a day at Bloomberg dot com for the Bloomberg Business at and at Bloomberg Quicktake. She's a Bloomberg Business Flash and I'm Karin Moscow, wasn't. The futures are lower this morning as investors await employment day to engage whether the world's largest economy can avoid a recession. The dollar found haven demand and we checked the markets every fifteen

minutes throughout the trading day on Bloomberg. Right now is in the futures are down four points down, Futures now little change, and nasdack futures they're still lower, down thirty six. The decks in Germany is up seven tenths of a percent. Also improvement UH there as well. Ten Your treasury up four third day seconds yield two point nine seven percent. The yield on the two year two point nine nine percent nine X screwen oil it'll change at a hundred

two dollars sixty five cents a barrel. Comex s goold is done about two tenths per cent, or three dollars ten cents at seventeen thirty six sixty announced the Euro one point one three one against the dollar, British pound one point one at nine h q and again one thirty five point eight six. And looking at bitcoin, it's down three ten percent at twenty one thousand, five forty dollars. 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. As we've been talking about all this morning, former Japanese Prime Minister Zo Abe has died. Abe died in a Japanese hospital after he was shot during a campaign stop today in Nara. The man who attacked Ab has been arrested. Of course, we'll have more on this story throughout the entire morning. Boris Johnson is facing pressure from his own party to accelerate his exit

as UK Prime Minister. He announced his resignation yesterday in baseball. The Yankees beat the Red Sox six five, the Mets one along with the Orioles. The Nationals lost along with the Giants. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty hundre journalist analysts more than a hundred twenty countries. Michael Barr and this is Bloomberg inco Alright, Michael, thank you to six nineteen on Wall Street Live from the

Bloomberg Interactive Broker's studios. This is Bloomberg Daybreak in Bloomberg's Karom Mori is back with us live this morning from outside the hospital in Nara, Japan, where Prime Minister former Prime Minister Shinzo Abe died of his injuries after being shot at close range at a campaign event with an election just a couple of days away in Japan. Karum, Good morning. This is just staggering news that's reverberating around

the world. We're hearing reaction from global leaders. What's the latest that you can tell us from where you are outside that hospital? Good morning, Nathan. Yeah, I'm I'm still on site at not a medical university hospital. I just left the press conference a short while ago where the hospital president and the e R doctor in charge of actually treating Abe, Dr. Kukushima uh spoke to the media. They gave us some details, not all the details, but this is what I can tell you that I heard

from them. The doctor who operated Abe said that they were able to stop the major bleeding, but by then it was too much blood was lost by the time they actually arrived at the hospital here, the bullet had pierce Abe's neck and heart in two places. Um. He was declared dead after about three hours of surgery here at this hospital pronounced that at five oh three pm

local time. Uh. You know again, we saw first former First Lady ak Abe had arrived to the hospital here a short while before the press conference, but of course a solemn, somber mood. And on this campus, I'm just walking around and seeing Secret Service members just line in the hallway of of presumably where Shinzo Abe is is laying to rest. And you know, this incident is just shocking. It's the assassination setting this huge shock throughout Japan, as

you can imagine. Yeah, and I've have to think that there are going to be a lot of questions is still to come about how something like this could happen in a country like Japan, where gun violence is so rare, where it's so difficult to get a weapon. Yeah, that's right, Nathan. You know, Japan's gun laws or ultra strict, not just cond of strict, are extremely strict. They limit so so much the number of guns in circulation. We have an estimated number of guns held by civilians in Japan was

just about three hundred ten thousand in twenty nineteen. That's open to five per one people. And to put that into context in the US, it's a hundred twenty per one hundred people. So again, Japan has among the G seven country is the lowest number of guns held by civilians. It's shocking. I mean, that is the word we keep using.

The gun though with a handmade gun here and so that is the detail there of the suspected gunmen with mail MS forties, a former j SPF member so Japan's Self Defense Forces member um and again shinzo Abe was carried via ambulance. Apparently he was reportedly conscious at the time, later became unconscious and in cortioc correct by the time he had alleged at this hospital via helicopter, and we know this happened in the middle of a campaign speech. There's an election coming up in Japan in just a

couple of days here. What is Shinzo Abe's death going to mean for that? Yeah, absolutely, that's the question we were asking a few hours ago. But Finance Minister Suzuki has come out to say that changing any election plans

would mean a lot for democracies. We do not want to lose to violence, and therefore or there should be no change in plans for the upcoming Upper House elections, which are scheduled for this Sunday, just two days away, July tenth, and US residents here in Japan, we've already received the balance in the mail, so it seems like the plans will go ahead. We did see some candidates so shortly after the news of the shooting that they

are going to suspend campaigning for the day. So we did see some l v P members come out to say they are halting their campaign activity for today on social media, so, uh course, pending the news. Uh, they were unsure of what the situation was. Now we here, unfortunately, the death has been conversed and the elections will go ahead. Only have about a minute or so left here. Unfortunately,

Karum to talk about the legacy that Shinzo Abe leaves behind. Obviously, being the longest serving prime Minister of Japan, this has to leave a very deep hole in Japanese politics, in Japanese policy. Absolutely, I'm a eight history of the longest serving premier in Japan ever since eighteen eighty. Uh he served a total of eight years and eight months as the leader of Japan, and he had he was still very much an icon of the l VP even after

he resigned in fee'll remember due to health concerns. Um. But again he you know, he is leaving behind a legacy Albanomics for example, uh In you know, when he came to office for the second time in twelve, he launched this unprecedented effort to revive Japan's flagging economy. Of course,

he's the foreign policy hawk. He hoped to end apologies for past and purialism, reinterpreted the country's pasifs constitutions to loosen restrictions on the military, and he still managed to stable relations, for example with neighboring China, smooth you know, relations with the US. UM made friendships with President Alexa Donald Trump in twenty sixteen. So, of course, leaving a lasting legacy comes from a political background with his family um and he is survived by his wife Aki Abe.

Now we heard from Secretary of State Anthony Lincoln at the G twenty summit in Bali, Indonesia, calling former Prime Minister Shinzo Abe a leader of great vision. We're going to be monitoring the global reaction, of course, throughout the full investment opportunities. To diversify your portfolio and discover undervalued companies that may have greater growth potential. Try ib k our Global analyst today at ibk r dot com slash g A. First, we have grim news out of Japan.

As you've been reporting, former Japanese Prime Minister Shenzo Abe has been assassinated. He was shot during a campaign event and was pronounced dead at the hospital. Here's current a Japanese Prime Minister Kashida speaking through an interpreter. It is a barbaric act that took place during the election, which is the base of democracy. It is absolutely unforgivable, Japanese Prime Minister Kashida says. A forty one year old suspect

has been arrested. The man told police he wanted to kill Abe because he was frustrated with the former premier. Uby died after being shot from about ten feet away with what appeared to be a homemade firearm. Well, meantime, in the UK Karen pressure is building on Prime Minister Boris Johnson to relinquish power. His Conservative Party wants to speed up the contest to choose Johnson's successor by the end of the summer. Bloomberg's Lizzie Burden has more from Westminster.

The race is already on candidates already reportedly setting up camps in hotels around here. The Conservative Party wants to whittle it down to two candidates by July twenty one, and then pick one by September. But even that is too long for many to keep Boris Johnson in number Tech Bloomberg's Lizzie Burton says Boris Johnson hopes to stay on for at least three more months. Well, Nathan Mack, you're in the US relations which China are in focus. Today.

President Biden meets to discuss possible reductions in US tariffs on Chinese goods. We spoke with National Economic Council Director Brian Deese about the move, and he says there are other options for taking on China. Tariffs are one tool, but we have other tools as well to make sure that we are protecting key sectors of the American economy and that we are holding to account for those brands. Was a guest on Bloomberg Surveillance herd Weekday Mornings on

Bloomberg Radio. Well nexs Karen, we hear from the administration once again when we get that June jobs reports that's expected to show a slowdown and hiring. Labor Secretary Marty Walace joins Bloomberg Radio and Television to discuss the report at nine forty Wall Street Time. Well, turning to corporate news, now,

there's more talk about Twitter. Shares are down about four percent amid concern elon must proposed acquisition is falling apart, and Bloomberg's we need a Young Joy just live with more. Good Morning Rady down, Good Morning Karen. Elon Musk is still at odds with Twitter over the number of spam

bots using the service. He's repeatedly threatened to walk away from his proposed forty four billion dollar deal to take over the social media giant if they cannot confirm that bots make up less than five percent of total users. The Washington Post reports that Musk's team has concluded that Twitter cannot verify the figures. It has stopped engaging in discussions around funding the deal. Live in New York, I'm rened to young Bloomberg Daybreak. All right, we need to

thank you. That's the five things you need to notice start your day. Brought to you by Interactive Brokers. I'm looking at futures this morning. We're starting to see some improvement with SMP futures. Now that'll change. Dal Future is higher up sixty one, nowsday Future is still lower down about one straight to hand your latest local headlines plus a check of sports. And this is Bloomberg. Okay, Karen, thank you, six thirty three on Wall Street where at

sixty nine degrees in Central Park. We'll see if we're getting any improvement after that accident on the upper level of g w B and traffic. It's coming up in a few minutes. First, Michael Barr has more on what's going on in New York and around the world. Good morning, Michael, Good morning Nathan. There is another shark attack on Long Island, a fire island. Lifeguard was bidden by a shark yesterday,

possibly the third such tag in the past week. The lifeguard was bitten near his left foot while conducting a training exercise about a hundred fifty yards from the shoreline. He was treated and released. Officials now have issued a ban on swimming at Ocean Beach until further notice. The star witness appears today before the U. S. House Committee investigating the US capital attack. It will be a closed door deposition between the panel and Pat Cippoloni, the former

Trump White House counsil. The Biden administration says it's committed to the safe return of w n B A star Brittney Grinder and Paul Wheeland, who remained captive in Russia. Yesterday, Grinder pleaded guilty to drug charges in a Moscow area court. White House Press Secretary Karine Jean Pierre. We've been clear from day one when it comes to US nationals who are being held abroad, who are being held wrongfully, detain wrongfully,

who have been held hostage. We are going to do everything that we can use every means that we have to bring them home. Press Secretary Jean Pierre says, though we cannot negotiate in public Attorneys for a white man charge with killing ten black people at a Buffalo supermarket were unable to secure a year's delay in a state prosecution while a federal case against him proceeds. The Buffalo News reports the federal hate crime charges could potentially carry

a death penalty for Peyton Gendering. His attorneys said their work in the state case could negatively have effects in the efforts by Genderan's federal defense attorneys. President Joe Biden plans to take executive action to protect access to abortion. The president is expected to push back on efforts to limit the ability of women to access federally approved abortion medication. Both the founder and president of the collapse the Arenas

have been found guilty of fraud. Now Bloomberg's and Baxter reports the conviction of former president Sunny Baldwana follows the conviction of founder Elizabeth Holmes by six months. Paraos was a blood testing startup, and the charges were defrauding investors by using a few drops of blood took played a wide array of health tests. Bel Wanni's attorney says they planned to consider all legal options, including the possibility of

an appeal. The pair was a high profile couple during the build up of the company, and I'll face up to twenty years in jail in San Francisco. I'm at Baxter. Bloomberg Daybreak Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than seven hundred journalists analysts more than a hundred twenty countries. I'm Michael Barr. This is Bloomberg, Nathan. Thanks Michael. Sixty six On Wall Street, John stash Hour has the Bloomberg

Sports Update, Franks, Nathan. The Yankees sixty win. It came in their first game of the year in Boston. They need the Red Sox six to five. They got back to back home runs third inning from Josh Donaldson and Aaron Hicks, who was a grand slam for Donaldson. Garrett Cole got the win, got everyone out except Raphael Devers, who homeward off Cole a last year's playoff game homeward off and in New York and his first that back this season two more. Last night. Devers drove in all

five Boston runs. Cole was asked later about trying to get Devor's out. He said he's opened to suggestions and that's all over. The Marlins tend nothing solid picture from Trevor Williams j D. David to the Grand Slam James McCann three run shot Atlanta lost. Mets lead the Braves by three and a half. They held the NHL draft. The Devil's at the second pick took Simon Nimic, defenseman

from Slovakia. Slovaki went one and two. The Rangers did not have a first rounder, but added three extra picks by trading backup goalie Alex Gorgiev the Stanley Cup champion Colorado. Avale No that Joguich plays his semifinal match at Wimbledon today against Cameron Nori, and the winner then faces the Ausee Nick Curios in Sunday's final. Curios advanced because of

Raffael on the Dal's abdominal injury. Right, don't want to go out there, not be competitive, Ena to play at this uh let to play to to achieve my goal and with Nick chance to to make the things much worse. Wimbledon made the controversial decision to not allow Russians the way. Elena Kina born and raised in Moscow but plays now

for Kazakh Standards. Je Dame Tomorrow's Women's Final against On Joe Burrow, Tunisia, John Bloomberg Sports Nathan all Right, John, thanks six thirty seven on Wall Street Time to take a look at stocks, some of the names moving in the pre market. Bloomberg Radio and TV Markets correspondent Credy Gupta is with us on a morning where the headline is Twitter deal in trouble creedy. It really is, and you're seeing that show up right in the middle of

Twitter Share TWTR as your taker. Those shares down about four percent this morning, coming after report that The Washington Post reported that Elon musk'st billion dollar proposed takeover will quote in serious jeopardy. We know that this has been a longstanding issue in terms of how many bots are actually part of their user base. Twitter has long said that they estimated about five percent, Elon must saying that

they have doubts. So it's that kind of back and forth that you see, perhaps uh once again becoming the issue that's pinned on a lot of suspicions simply about the financing once again up this deal. Nevertheless, Twitter shares are down four percent, But it's worth mentioning, Nathan. When you look at Twitter shares, you also have to look at Tesla shares because t s l A. It's only down seven tenths of one percent, but there's usually that

inverse dynamic between the two. The idea being that Ellen musk split attention would essentially benefit perhaps Twitter, but not benefit Tesla because of that dynamics. It's something to keep an eye on. But speaking of some of the deal news, let's talk about Accidental here because it's getting once again another bid from Warren Buffett. This according to a filing yesterday, it looks like he's been buying even more shares. We know he's been accumulating a steak in the oil company.

I believe he's about a fourteen percent steak. Now, remember he also helped finance the Anna dark O deal with Vicky Hollow when Oxent was buying Anna Darko. So O x Y is your taker up about one point one percent this morning, Nathan, And speaking of back and forth, how about what's going on with game Stop over the last couple of days. I mean, there's no it's it's fascinating because I think I was here literally twenty four hours ago, was saying the game Stop just a down

stay four for one stocks. But the short skyrocketing well in the last twenty four hours, so much has changed. They fired their FO Mike Rick Kopero. I'm butchering that name, but micro Kapiro g m E down about six percent. It also, though, announced that it was cutting jobs, some widespread layoffs, something to keep an eye on. It's interesting now that you're starting to see a lot of these companies, specifically in like the retail space and the tech space,

start to talk about actual firings. And this is interesting on a day like today where you do have payrolls that are in focus. So definitely keep an eye on that. I think GameStop is now really joining the ranks of Tesla, Amazon give an Apple in terms of those layoffs. So keep an eye on more announcements like that. I'm gonna leave you with one more here, Nathan, And of course, is Levi strousse l e v I is your tigger

up about well? It's called five percent This morning, the earnings didn't beat their estimates, but analysts saying it highlights the strength of the brand and a positive performance for retailers in a difficult environment. So Levi strouss really pulling ahead of the curve here. And apparently Denham never goes out of style. All right, Blomberg Radio, TV Markets correspunded, Creaty Goopta, thanks as always for being with us. Looking ahead to the market open futures. Little change now for

SMP futures. STA futures are up forty five, Nastack futures are down thirty one points as we await those payrolls numbers for June in less than two hours time. Send your treasure yield. By the way, two, this is Bloomberg Bloomberg eleven three oh weather clouds and uper eighties today, but it will turn partly sunny, less humid for the weekend. Low eighties tomorrow and Sunday. Look forward to that right

now sixty nine in Central Park Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business apt and at Bloomberg Quick Tape's She's a Bloomberg Business Flash and I'm Karen Moscow and SMP futures are a little change this morning, while nastack futures fall. Let's go to the first were breaking news dance for today's morning call. Here's Bill Maloney, Bill, good morning, and

good morning, care and that's right. US futures are quiet right now at doubt futures hire by thirty one points. S and p s are down to well NaSTA futures decline by thirty six. The US ten year old at two point nine nine percent. Gold, oil and bitcoin are all trading little change, and Asia markets were quired overnight.

Note that's Taiwan semi revenue eat estimates. European markets are in the green this morning, and back in the US on the economic front at a thirty non fond perils estimate there two d and sixty eight thousand, and it's on o'clock. Post sale inventories. In deal news, Elon Musk's takeover of Twitter is in jeopardy with the dispute over bots. And another news, Tesla's China shipments soared to a record

as their plant went back online. Wrapping things up, bung You was raised to overweights over ed. J K. Morten live from the first breaking news Dostam, Bill Maloney care, right, Bill, thank you, and here live breaking news of her Bloomberg type squawk on your terminal SCU A w K and that's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael Knaran, thank you ver very much. Was we've been talking about

all this morning. Former Japanese Prime Minister Zo Abe died after he was shot during a campaign event in the city of Nara. The attacker was arrested. Of course, we'll have more of this story throughout the entire morning. The candle light vigil was held last night in Highland Park, Illinois for the seven victims of Monday's shooting rampage. Funeral services for three of them are scheduled today. The I r S is taking a closer look at reports the

agency subjected to former FBI officials to unusual scrutiny. Then President Trump repeatedly attacked James Comey and Andrew McCabe over the FBI's Russia probe that shadowed Trump for years. In baseball, the Yankees beat the Red Sox, the met sce Orioles won the Nationals, and the Giants lost. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than twenty seven hundred journalists analyists more

than a hundred twenty countries. Michael Barr, this is Bloomberg Kern. All right, Michael, thank you well at sixty nine on Wall Street, and returned to news and science and technology now with the Bloomberg and j I. T. Stammer Report, brought to you by the New Jersey Institute of Technology and j I T. Welcomes its ninth president, Tech Limb, a visionary leader committed to growing and j A T. S partnerships with industry to bolster student opportunities and outcomes.

Learn more at n j I T dot e DU. Now Here's what's making news and science, technology, engineering and math and a former gold mine A mile underground inside a titanium tank filled with a rare liquefied gas, scientists have begun the search for what so far has been unfindable dark matter. Scientists are pretty sure the invisible stuff makes up most of the universe's mass and say we wouldn't be here without it, but they don't know what

it is. Scientists announced that the five years, sixty million dollars search finally got underway two months ago after a delay caused by the COVID nineteen pandemic. So far, the device has found nothing, at least no dark matter. It may come as no surp prize, but a computer related profession is the fastest growing occupation among people ages twenty five to thirty four and smart assets second annual study on the fastest growing jobs for young professionals, Computer hardware

engineers topped the list. Occupational therapist was second and speech language pathologists third. And bitcoin is on course for its best weekly gain since October last year, helped by a return of risk appetite and global markets. More broadly, the largest cryptocurrency is that more than thirteen percent for the week so far. If the move holes, that would be the biggest game for such a span since one And that's the Bloomberg and j Anti Stem report. Nathan Okay, Karen,

thank you. We are live from the Bloomberg Interactive Broker Studios where it's coming up to six fifty one on Wall Street Time Now to check what's going on in d C. Some of the top stories in our nation's capital include President Biden to meet with advisors on discussing cuts to Chinese tariffs, Presidents to sign an order on abortion access as allies demand more action and Democrats, and to extend Medicare solvency in a new slim down economic Bill.

We're joined now by Bloomberg government reporter Emily Wilkins. Of course, the main story around the world, reverberating around the world, Emily, is the assassination of former Japanese Prime Minister Shinzo Abe. Have we gotten any US reaction to this news. We've gotten reaction from Secretary of State Anthony B. Lincoln. UH. He mourns Abe as a leader of great vision. Earlier after the news that he had been shot, but before

his passing had been confirmed. UH. B Lincoln said that he was deeply sad and deeply concerned by the shooting and that our our thoughts, our prayers are with him, his family, and the people of Japan. UM. Certainly this is going to be news that that reverberates throughout the US. You've also seen statements put out by former President Donald Trump uh noting his relationship UH with with Abe. UM and we're expecting to hear more on this potentially later

today when President Biden addresses the nation. And we're expecting that the President is going to be a meeting, as I mentioned, with advisors later today about something he's been thinking about really for weeks now, whether to cut tariffs on Chinese goods, something of course that former President Trump impost. Yeah, Biden has yet to reach a decision on this, but this is certainly something that he's discussing, that he's looking at.

We've heard, uh, those in his cabinet saying that some of these tarr productions could potentially bring down the prices of some items that have gotten higher with inflation. You've heard Secretary Treasury Secretary Jenny Yellen's the last month that derret productions could help Americans with the things they are buying, and Commerce Secretary Gena Romundo has offered similar sentiments. But Nathan, let's be honest about what can and can't be done here.

I mean, the things that Americans are feeling the most inflation pressure on our food, it's fuel, it's housing, and those aren't going to be things that are really impacted by lifting some of these tariffs. Barclay said that any rollback of some of these tariffs on Chinese goods would

be a quote drop in the bucket. And so really a big question here about what if any relief Americans are actually going to feel should Biden decide to go and roll back some of these tariffs, and probably what's been holding the President back on making a decision, Emily is the political impact, because I mean, the President's promised to be the most pro union president ever and presumably

tariffs on Chinese goods helped domestic union companies absolutely. And when you hear Commerce Secretary Gino Romando speak about this, she did suggest keeping tariffs on steel and aluminum products, but that is meant to help American workers and American industries, and certainly at the same point, there's also you know, larger questions about what this could mean for the workforce, what this could mean for American manufacturing. You kind of have the split screen of the White House looking at

lifting some of these tariffs. Well, right down Pennsylvani, the Avenue Congress is working on legislation that is speaking to make the US more competitive against China when it comes to manufacturing and development. As you mentioned, the President is going to be speaking later today's at an event on his schedule about protecting abortion access. What more do we know about that? So we know that Biden is going to be taking executive action today to protect access to abortion.

This is going to include instructing the Department of Justice and Health and Human services to really push back on any efforts that states might have to limit access to federally approved abortion medication or bands on folks traveling across state lines to access abortion services. We're also reporting that Biden is going to direct agencies to educate medical providers and insures about how when they are required to share

patient information with authorities. And also within the realm of the White House, Vice President Kamala Harris today is going to be meeting with Democratic legislatures from states that are expected to either ban abortion or bolster their current abortion

bands that are in place. Um and this really goes along with what Vice President Harris has already been doing, meeting with faith leaders, healthcare providers, constitutional law experts on the issue of abortion and abortion access, trying to see what, if anything, the administration can do uh Number one, on an issue that's imported to a lot of the Democratic base as well as an issue that no number of Democrats deal the White House has not been active enough

on and responding since the Supreme Court handed down their decision overturning Rob Wade. Expecting that an executive order like this is going to go far enough to mollify some of those people who have been putting pressure on the President to do more after the Supreme Court decision. This will be something that President Biden can point to and

Democrats can point to as something that they've done. But the White House itself admits that this is not nearly enough from their perspective that they want Congress to pass laws codifying ro versus. Wade. We know of that House Speaker Nancy Flosi does plan to bring legislation to the House floor when Congress comes back next week that will deal with abortion and abortion access, also protecting data and data privacy for things like reproduction apps on your cell

phone or Google searches. That might be done. Um, but even just at this point, there are not the votes in Congress right now, uh to codify Row versus Wade, And so that really us Democrats in the position where they're just having to tell voters that they need to go to the polls in November. And of course, while abortion is an issue on many voters minds, it's it's up there too with gas prices, with inflation, with the economy, and with a number of other issues. We'll be watching

for the signing that executive order. In the comments from President Biden later today Bloomberg Government reporter Emily Wilkins. As always, thanks for the update from the nation's capital, and you can read more about these stories on Bloomberg dot com or on the Bloomberg terminal. And as a reminder, follow all the latest on Bloomberg Radio in Washington, Bloomberg and

one oh five point seven FM h D two. As we were await the release of the June payrolls report, in just about an hour and a half, we're gonna be speaking live and get reaction from the Biden administration. Labor Secretary Marty Walsh will join us. That's expected just about an hour after the release of the payrolls report, nine forty Wall Street time. Catch that conversation right here

on Bloomberg Radio. Futures starting to move lower again ahead of the payrolls SMP futures down eleven points down, futures down thirty seven, NASTAC futures are lower by seventy four points, and the tenure Treasury yield right now just about two point nine eight percent. Bloomberg Surveillance is next for Karen Moscow. I'm Nathan Hager, and this is Bloomberg