Bloomberg Daybreak: September 12, 2022 - Hour 1 (Radio)

the next greeting on consumer prices? The New York police officer was killed while heading to nine eleven ceremonies, Plus the sentencing phase continues for the Parkland High School shooter. I'm Michael Barr. More ahead, I'm John stash Own Sports A thrilling season open and went for the Giants. The Jets lost the Mets and Yankees one on Carlos Alcarez

one of the US Open. That's all train ahead on Bloomberg Daybreak on Bloomberg eleven, TREEO, New York, Bloomberg nine one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties, San Francisco, Sirius x AM one nine Team and around the World Old on Bloomberg Radio dot Com and via The Bloomberg Business. Good morning, I'm Nathan Hagar and I'm Karen. Moscow US dock index futures on the rise this morning.

We are coming up to six o one on Wall Street, and we checked the markets every fifteen minutes throughout the trading day. On Bloomberg SMP futures up twenty points down futures of a hundred sixteen and NASDAG futures up sixty nine. The docks in Germany's up one and a half percent. Ten your treasury of three thirty seconds, you have three point to nine percent, and they yield on the two

year three point five three percent and nine Next. Scrude oil is at eighty seven dollars fifty two cents of barrel, up eight tenths of upper cent. Nathan, Karen, we begin today in Ukraine. It's been more than two hundred days since Russia invaded the country, and now we're seeing promising signs for Ukraine as the country's military advances in the east and retakes some key territories. Bloomberg's Amy Morris has

the latest from our ninety one newsroom in Washington. Nathan, unconfirmed reports overnight suggests the Ukrainian troops have retaken towns in and around the Kharkiv region, not far from the Russia Ukraine border. Ukraine's top commander says they've returned about three thousand square kilometers of lost territory back to Ukrainian control. Russia's Defense ministry published a map showing that much of the country's forces are out of the Kharkiv region now,

but they didn't comment further. Military experts tell Bloomberg News Ukraine should watch for an unexpected reaction from Vladimir Putin in Washington. I'm anymore as Bloomberg daybreak. All right, Amy, thank you. Returned to the UK now, where the nation continues its period of mourning and the wake of Queen Elizabeth's death. King Charles has just wrapped up remarks in Westminster,

where political leaders are gathered to offer condolences. Now the Queen lies in state for twenty four hours in Edinburgh, Scotland, where the public will pay their respects before she's moved to London. Bloomberg S Lizzie Burden has more details from Buckingham Palace to Glorgy lining up to pay their respects. They have been since before the sun even came up just to take a quiet moment of reflection. The King

Charles Third over the weekend. Of course, he formally took the throne trust swore allegiance to him in the last Prime Minister do do that was Winston Churchill. For the rest of the week as well as she's going to accompany him on a tour of Britain. Tomorrow, the Coffin will return here to Buckingham Palace and then from Wednesday until the funeral, now confirmed for September nineteenth, the Queen will lie in state at Westminster Hall, Bloomberg's Lizzie Burden

at Buckingham Palace, says. The Queen's funeral will be held at Westminter Abbey one week from today, and President Biden will attend the Queen's funeral next week. Karen back in the US, though it was a somber weekend for the White House, politics hit the pause button Sunday as we marked twenty one years since the attacks of nine eleven. President Biden used the event of our vigilance against future

terror threats in remarks made at the Pentagon. What was destroyed, we have repaired, what was threatened, We fortified what was attacked, the indomitable Spirit has never ever wavered. President Biden later wreath at the Pentagon that's become a tradition for US presidents on the anniversary of nine eleven. Well, as we emerge from the somber weekend, Nathan President Biden faces a possible labor crisis that threatens to shock supply chains across

the country. US railroad workers are threatening a strike, and we get a details from Bloomberg's Lisa Mateo. Tens of thousands of US rail workers could be on strike by the end of this week. Their warning of potential disruptions as soon as today. Negotiations have been challenging and ongoing for more than two years. Current rail labor contracts are frozen at levels, and the White House is urging negotiators

to continue talks throughout the week. According to rail officials, a strike could snarl supply chains, disrupt agricultural deliveries, and cost the US economy more than two billion dollars a day. In New York, I'm Lisa Mateo Bloomberg Daybreak. Thanks Lisa. As inflation sees workers fight for higher wages, it also remains front and center on Wall Street. Janet Yellen came out to address the matter this weekend. The Treasury Secretary tells CNN she is hopeful to FED and bring down

prices without sending the U s economy into recession. The FIT is going to need great skill and also some good look to achieve what we sometimes call a soft landing, which is bringing inflation down while maintaining the strength of the labor market. And um, my hope, I believe there is a path to accomplishing that, and my hope is that we will achieve a soft landing. Jenny Gellan says taming inflation is the main priority for the FEED and that the US can't have a strong labor market if

prices remain high. Well, Nathan, we won't have to wait long for the next reading on inflation consumer prices headline the list of economic data on tap this week. We get that reading tomorrow. I'm Bloomberg Schress. Condon says it will be key for the FANS next meeting. There's still ten days to go before this meeting, but we're gonna get a lot of data this week, So a FT is going to want to not by seventy basis points

as they seem to have signaled to the markets. Then they're going to have to change that signal by the end of the week, and of course that will be data dependent. Bloombergs Gress Condom says CPI data is not the only key indicator this week. The FED will also be looking at readings on producer prices and retail sales. Well, we're seeing the dollar week and sharply this morning, Karen, and that's giving a lift to the euro and the pound. It also gave a boost to stocks in Asia overnight.

Bloomberg's Juliette Sally joins us from Sydney, Australia with the details to Morning, Juliet, Good morning, Nathan, and Karen. Semi conductor stocks led the games, t SMC, rising more than three percent in Taipei, boosting Taiwan's gage after August sales rose fifty from a year ago, and routers reported the US plans to broaden curbs on chip shipments to China, reopening. Stocks in Japan gained after FNN and The Again News reported the nation may soon ease travel curbs and scrap

daily passenger cabs. Australia as a sex two hundred grows more than one percent in Sydney, and markets were closed for a holiday in China, Hong Kong and South Korea. In Sydney, Juliette Sally Bloomberg deeper all right, Juliet, thank you. SMP futures up nineteen points. Dal Future is up a hundred twenty. Nasdaq futures are higher by sixty four points. The tenure Treasury is up three thirty seconds. The old three point to nine percent yield on the two year,

three point five three. Straight ahead, your latest local headlines, and a check of sports. This is Bloomberg at Sound six oh seven on Wall Street. We're sixty nine degrees in Central PARKO f in on those accidents on northbound FDR driving the upper East sign and just a few minutes. First up, Michael Barr has more on what's going on in New York and around the world. Good morning, Michael,

Good morning. Nathan, a New York Port Authority police officer, was killed yesterday while heading to a nine eleven ceremony. Anthony Vavarro from Staaten Island, was heading to serve the World Trade Center Command on Sunday morning when he was killed in a car crash near the Holland Tunnel Vavaro voluntarily retired as a pitcher from Major League Baseball to join the Port Authority only a few days later. Anthony

Vavarro was at seven years old. The trial resumes today in the sentencing phase of the Parkland High School shooter Nicholas Cruz, who is twenty three years old, pleaded guilty in October to attack that killed seventeen students and staff members. The jury will decide where the Cruise will be sentenced to death or life without parole. China confirmed that Shi Jing Pinging plans to travel to Central Asia this week, what would be the president's first trip abroad since the

pandemic hit more than two years ago. In Madeira County, California, officials are now saying the fork fire is contained. Chris Hamilton's and her husband Rick have been lucky so far and their house has remained unharmed, But Chris Hamilton's says one of their friends hasn't been as fortunate. One of the gentlemen that helps many of us up here with our yards, he did loose his house. It's just heartbreaking. What I know, there's nothing you can say that makes

it better. Um, because we've been there. They'll go through the motions and do the best they can. The fires o far is consuming at least twenty eight structures and fifteen outbuildings. We reached the halfway date of the Atlantic hurricane season. It was supposed to be an above average year for storms, but for now, experts say the odds of the quiet season are increasing with each passing day. Last spring, federal forecasters predicted as many as twenty one

named storms, including three to six major hurricanes. The seventy four annual Emmy Awards take place tonight. One show nominated Netflix, Squid Game, is the first non English speaking show to be nominated in the Outstanding Drama category. Global News twenty four hours a day on air and on Bloomberg Quick Take, powered by more than twenty seven hundred journalists and analysts and more than a hundred twenty countries. I'm Michael Barr,

Red Light. This is Bloomberg, Nathan. The votes are already in. Michael stopped trying to sway. Thank you on the sixth cent on Wall Street. Time for the Bloomberg Sports Update. Here s thanks, Nathan. Giants fans are happy. Not only were their first season opening wins since two thousand and sixteen, only their second since, but stay kwon. Barkley is back clearly now healthy, and Barkley was sensational on the Giants thrilling and come from behind twenty one to twenty win

at Tennessee. Had a hundred and sixty four yards and just over a minute left, the Giants squarting a parent game tying touchdown, but new coach Brian Dabo rolled the dice went for two. Giants converted on a shovel pass to Barkley. They won the game when the Titans missed the forty seven yard field goal. Jets so said. Baltimore had eleven more first Towns had a hundred more yards of offense, but Lamar Jackson three touchdown passes and the

Ravens won twenty four to nine. A wild week one, especially the early games that saw to go over time. The Colts and Texans ended the tie. Indie came from seventeen down on the fourth quarter. Pittsburgh wont at Cincinnati on a fifty three yard field goal at the end of ot The Bengals needed only an extra point point to win in regulation. They didn't get it. Cleveland and New Orleans both won on last second field goals that

went over fifty yards. Yankees in much better shape in the al Eas after two weekend wins over Tampa Bay ten to three and then ten four to home runs for Glabor Torres, three run shot for Gihant, Carlos stanton Oswaldo Cabrera first homer of his career. It all happened in the first two winnings the met too one Saturday, eleven to three, one nine three in Miami and good

news in Seattle. Atlanta loss in the ninth today and Albert Fouhole's career home run number six nineties seven moved in past Alex Rodriguez and now the fourth all time. Nineteen year old Carlos Alcarez won the US Open is now the youngest ever to be ranked number one in

the world. John Stashward Bloomberg's forts, Nathan Okay, John Thanks SMP futures are up nineteen points down, futures up a DWY one NASDACK futures up sixty five points to tenure treasury is up to thirty seconds, the yield three point three zero percent. Just had the latest on Ukraine, with significant progress reported in the North. We'll get the latest with Bloomberg's Rosslyn matheson. This is Bloomberg, Bloomberg eleven three oh weather, few showers early, partly the mostly cloudy today

with behind your eighty degrees. It will turn mostly sunny tomorrow afternoon lowe He's we'll keep it sunny with a high near eighty on Wednesday. Right now, clouds sixty nine in Central Park. Markets, headlines and breaking news twenty four hours a day at Bloomberg dot Com. A Bloomberg business Allen at Bloomberg Quick takes your Bloomberg business clash and I'm Karen Moscow and European stocks and US dock index futures are extending a rally, the dollar retreating as trader's been.

Inflation is near a peak, even as policymakers ramp up hawkish rhetoric. We checked the markets every fifteen minutes throughout the trading day on Bloomberg. Right now, Western P futures up nineteen points down futures have a hundred seventeen, and NASTAG futures up sixty two. The decks in Germany's up one point six percent, The ten year treasury up to thirty seconds. You have three point three zero percent yield

on the two year three point five four percent. Nine X screwed oil is up one percent or eighty five cents at eighty seven dollars, sixty four cents of barrel comic school is up four tenths percent or seven dollars at seventeen thirty five sixty an ounce. The euro one point one three seven against the dollar, British pound one point one is six six seven and the ends one two point eight four. And look at a bitcoin, it's up two percent at twenty two thousand, eighty dollars. As

a Bloomberg business flash. Now here's Michael Barr with Moore on what's going on around the world. Michael Karen, thank you very much, King Charles the Third, as addressed lawmakers in Parliament, telling them I cannot but help feel the weight of history which surrounds us. I am deeply grateful for the addresses of condolens by the House of Lords and the House of Commons, which so touchingly encompass what's our late Sovereign, my beloved mother, the Queen meant to

a soul. Queen Elizabeth's coffin is in Scotland today but will return to London tomorrow. Her funeral is scheduled for September. Ukrainian soldiers are taking back territory that had been controlled by Russia for several months as part of a swift counter offensive. The Ukrainians are claiming gains in the northeast and south of their nation. In football, the Giants won, the Jets lost to the Ravens. The Commanders won, the Patriots and forty Niners lost. In baseball, the Yankees and

Mets won, the Nationals lost. The Red Sox beat the Orioles, one Zip, the A's and Giants one Global Neames twenty four hours a day on air and on Bloomberg Quick Tank, powered by more than twenty seven hundred journalist and analysts more than a hundred twenty countries. I'm Michael Barr, and this is Bloomberg Nathan. All right, Michael, thanks for coming up to six twenty on Wall Street Live from the

Bloomberg Intractive Broker Studios. This is Bloomberg Daybreak, and let's get more now on the advances we're hearing out of Ukraine. Rosella Matheson joins, a Senior executive editor for International Government at Bloomberg News. Ros. Good morning, since we first heard about this counter offensive taking place by Ukrainian forces, the reports we're hearing about the progress that the military is making have been nothing short of remarkable. Well, that's right.

The counter offensive seemed to have started off fairly slowly and cautiously, but just in the last three to four days, we've seen really astounding and rapid gains by the Ukrainian forces, particularly around Khakiv, and that's in the east of the country, in the dom Bas region, and that's where Russia, of course was very entrenched in the early days of the war.

But we've seen them sweep through multiple villages and towns, pushing the Russians back out of the way at the same time and closer to the Russian border, and signs really of absolute chaos and disarray in the Russian ranks. Footage of tanks driving in way with fashion people. Russian troops essentially look like they're running to get back out of the way in a sense that they're abandoning their poe very quickly. And so it's actually moved much faster

than people expected. Certainly it seems to have moved faster than even the Ukrainian commanders expected. And now it comes a question of do they need to keep pushing at the same speed, or do they really need to also slow down a bit and try and consolidate some of the games they've gotten. Because they've moved so fast, they perhaps risk stretching their own resources quite thainly in the process. But certainly very quick and rapid games we've seen just

the last couple of days alone. It almost sounds like a repeat of the reports we heard when Russia tried to take over key of the capital. This idea that the Ukrainian defenses were so much stronger than the Russians apparently expected that many of them began to abandon their posts and almost collapse. Is that sort of a repeat of what we're seeing here and what could that mean

for the Russian reaction? Well, certainly it's got to raise further questions about the the organization, structure and capability of the Russian military as a whole. As you say, in the early days of the war, they seemed to be the presumption, at least by Russia that within days may

be in Kiev. This war would be very swift and decisive, And suddenly that's not the way it's turned out, And time and time again we've seen the Ukrainian forces really get the better of their Russian counterparts despite being smaller in size, ostensibly less better trained. Uh and again US

now they've got better equipment than they did. But there was all this kind of conversation about how the Russian forces were so amazing before the war and certainly got to raise fundamental questions about where all that mudney went into that modernization of the Russian military and their training and command structure. But that aside, it's it's interesting to see how this resonates in Russia at the moment. What we're seeing is is the rhetory that this was a

deliberate and planned withdrawal. It's an orderly withdrawal that's part of their overall tactics. Business as usual. From Russian president out and about in Moscow on the weekend, and he's off to see the Chinese president in Uzbekistan later this week. So suddenly they're trying to present the idea that nothing's are right here when clearly it is. Well, what about concern about those operation a nuclear plant. There's been a lot of reports of continued showing their risk of a

nuclear accident is that concern still being felt on the ground. Well, certainly there's continued continued concern about that nuclear plant. It is fairly stable, despite fairly regular attacks in and around the plant and challenges to the power supply to it. But there are failed states and backups, and they seem to be working all right, and there are still a team from the I a e A on the ground.

They're trying to keep things under control. That The question is also if this war really goes further wrong for the Russian administration and for the president Vladimir Putin, what are his options here? Does he become more ratic? Does he do something even more dangerous as a result. Is he feeling the pressure at home amongst his leadership? So what does that lead him to do? What kind of back does he take? He's already putting the squeeze on

on you Europe. On the energy side, they've been blackouts in Ukraine in the ease the last couple of days, suggesting he will also use energy as a weapon in Ukraine. But what other kinds of things might he turn to depending on how much pressure he's feeling. I will continue following developments as we say, they are moving along rapidly here along with Ukraine's forces apparently. Rosalind Matheson are senior Executive editor for International Government at Bloomberg News, joining us

live this morning. Ross, thanks as always for the update on what's happening in the war in Ukraine. Looking ahead to the market, open futures are on the rise on this Monday morning. S and P futures up nineteen points, Dow futures up on eighteen. NASTAC futures are higher by sixty one points. Germany's dacks gain of one point six percent, the tenure treasury up to thirty seconds the old three point three zero percent, the yield on the two year

three point five four percent. Stay with us, you're les sing to Bloomberg Daybreak, Bloomberg eleven three oh. Whether it's gonna stay Probably mostly cloudy today with a higher eighty degrees, will turn mostly Sunday tomorrow afternoon, low eighties, sunshine higher eighty on Wednesday. Right now sixty nine degrees in Central Park. Bridcasting live from the Bloomberg Interactive Broker Studio in New York.

Bloomberg e loving freed to Washington, d C. Bloomberg nine nine one to Boston, Bloomberg one six one to San Francisco, Bloomberg Home sixty to the Country Sirius XM to the one nine ten, and around the globe the Bloomberg Business app in Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's six thirty on Wall Street. Good morning. I'm Nathan Hagar and I'm Karen Moscow, and we're just about three hours away from the of US trading time for the

five things you need to notice. Start your day, and at first you begin in Ukraine, where the nation's military is making significant stripes, forcing Russian defenses back and retaking some key areas and marks one of the biggest successes for Ukraine since Moscow's invasion. Plumbers Roz Mathison says, Russian defenses appear caught on their heels. In the last few days.

Has been really rapid progress, particularly in the east around Hakiev, going through towns very very quickly, pushing the Russian forces back closer to the Russian border. In fact, the departure by the Russians became so rapid it became quite chaotic. Stuff abandoned beside the road, tanks left troops running in all directions as certainly quite a sense of chaos on the Russian side of the speed with which the Ukrainians have pushed through these towns. Bloombergs Ros Madison says Ukraine

believes it's recaptured about three thousand square kilometers of lost territory. Well, Karen, let's turn now to the UK, where morning continues for Queen Elizabeth. The second King Charles has wrapped the remarks of Westminster, where political leaders have gathered to offer their condolences, while the Queen lies in state in Edinburgh, Scotland before being moved to London. Bloomberg's Lizzie Burden has more from

Buckingham Palace. Tomorrow the coffin will return here to Buckingham Palace, and then from Wednesday until the funeral now confirmed for September nineteenth, the Queen will lie in state at Westminster Hall. You've got some UK newspapers this morning estimating that as many as a million people will file past the coffin.

That could create a five mile qe. But really it's an outpouring of national grief that none of us has likely seen in our lifetimes in the UK, and it leads the government paralyzed in Liz Ross's second Weekest Prime Minister Bloomberg's Lizzie Burden says the Queen's funeral will be

held in Westminster Abbey one week from today. Well, we turned down, Nathan to the mood on Wall Street this morning, with US futures and stocks overseas rising the dollars weekending, and that's giving strength of the pound in the euro.

The next major catalyst from markets careen comes tomorrow when we get the latest reading on US and fleece An economists predict the monthly decline in the consumer price index with the fall of one tenth of one and as prices remain high, Nathan, railroad workers are threatening to strike for more pay. Tens of thousands of rail employees say they could walk off the job this week as labor

negotiations remain challenging. They weren't that a strike could cost the U. S economy were then two billion dollars a day. And that's the five things that you need to notice. Start your day, all right, Karen, Thanks SMP futures right now we're up twenty points, Stout futures up one, nest Act futures higher by sixty five points. Straight ahead your latest local headlines and to check off sports. This is Bloomberg and at six thirty three on Wall Street where

at sixty nine degrees in Central Park. It is heavy on the northbound FDR drive with that accident on a hundred six. 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. Americans remembered nine eleven yesterday. There were emotional tributes and police to never forget. Twenty one years after the deadliest to

or attack on US soil. Senate Majority of Leader Chuck Schumer of New York held an event in Manhattan's Rally for support for the federal government's World Trade Center Health Program, a fund for survivors, which is currently facing and impending three billion dollar funding deficit for the ongoing medical care

of nine eleven survivors and first responders. The best way we can never forget, folks, just to get this done, to make sure that the people who are hurt, the people who had taken care of all given their due. Senator Schumer says it's the responsibility of Congress to ensure those heroes who put their lives on the line that day get the care they deserve. Meanwhile, a New York Port Authority police officer was killed yesterday while heading to

a nine eleven ceremony. Anthony Vavarro from Staten Island was heading to serve on the World Trade Center Command when he was killed in a car crash near the Holland Tunnel. Vavarro, who is thirty seven, retired as a Ajor League Baseball pitcher for the Atlanta Braves and joined the academy only

a few days later. The trial resumes today in the sentence in phase of the Parkland High School shooter Nicholas Cruz, where either get the death penalty or life without parole for killing seventeen students and staff members at Marjorie Stoneman Douglas High School in twenty eighteen, just a month after losing a fifty million dollar verdict over his defamatory claims about the Sandy Hook School shooting. A second trial for

conspiracy theorist Alex Jones is set to get underway. This time a six member jury in Connecticut will hear evidence this week to determine how much Joan should have to pay the families of some of the shooting victims. Crews are making progress against big California wildfires that have thousands of people evacuated and threatened thousands of homes. Southeast of

Los Angeles and Riverside County. Rain from remnants of Tropical Storm k helps califires might page fire still possesses a lot of potential to move around, which is why it is imperative that we do everything we can to jump on the opportunity that the weather has given us to get in there as fast as possible. In the center of California, Madura County, a fire has burned over two

dozen structures. Global News twenty four hours a day on a rand on Bloomberg quick toy, powered by more than twenty seven hundred journalists and analysts more than a hundred twenty countries. Michael barn this is Bloomberg, Nathan. Thanks Michael. Almost six thirty six on Wall Street on Stash has the Bloomberg Sports Update, Nathan. The Giants are one and

oh and that doesn't nappen often in Nashville. They fell behind thirteen nothing and then two big plays in the third quarter, A sixty eight yard run by Sae Kwon Barkley, a sixty six yard touchdown past Daniel Jones, the stilling Shepherd. Those two plays longer than any plays all of last season. The Giants took the lead with just over a minute left, converting on a risky two point conversion that Titans had a chance to win at the end, naps clean kick on its way and over and then left. Thets have

one for the first two thousand sixteen. The Giants have won a season over one twenty and Brian Dables coaching debut. As for the Jets, more the same couple of turnovers dropped passes. Jets only touchdown came to the minute left. They lost at Baltimore four to nine. The Jets have lost thirteen games in a row in September. Last night in Dallas, Tampa Bay won nineteen to three. In the Cowboys, quarterback Dak Prescott suffered a thumb injury he could miss

two months. Three games were won by on field goals that went over fifty yards Cleveland, New Orleans and Pittsburgh, whose field goal came at the end of overtime. Cincinnati had a chance to win in regulation, but missed an extra point right at the end. They After the Yankees won ten to three. They won ten four over Tampa Bay, scored all ten in the first two innings, hit four home runs, two by Glaver Touris and the incidentally the

raised by five and a half. The day after the Mets one eleven to three, they won nine three in Miami, me and they move a game and half ahead of Atlanta after three five set wins. Carlos Alcarez one of the US Open final in four sets over Norway's Caspar rut Of The nineteen year old Alcarez is the youngest Open winner in thirty two years. John stash Were bloom Group Sports Nathan, Thank you John, 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 Pretty Goopta joins us sailing a sea of green this morning. Good morning, Cretty, good morning, Nathan. Can't just say I was actually at the US Open yesterday and I witnessed Carlos alcarraz win. It was amazing, must have been nice, amazing. I mean, the crowd went

wild for nineteen years old and what an overachiever. Let's talk about the stock market movie here, Um let's talk about a story that I think we've hit over and over and over again Twitter, this time after of course no dealing with its legal kind of mandating and it's in its U court case. Falgo continues shares her down about one percent the pre market, And Nathan, this is significant because, as you mentioned, it is coming in the background of an up market, So you are see a

little bit of pressure here on Twitter shares. Look like. The story here is that Elon Musk third attempt to cancel the deal is deemed invalid. Nevertheless, Twitter shares are under pressure. So the question is what actually creates that pivot point. One of the big concerns for this market or for this particular stock is now the Elon Musk has uh initiated interests and then kind of withdrew it. Now they're dealing with this. Does that mean this stock

loses value because no other bidder might want it. That's gonna be one of the concerns that we're gonna have to monitor throughout throughout really this entire court case that really just doesn't stop. The other one I want to talk to you about is the healthcare space Bristol Meyers Squid b M wise or take our shares are about seven percent this morning in the pre market. This comes after their drug received approval from the US FDA for the treatment of moderate to severe services with quote no

black box warnings. This could be a major moneymaker for the company, so certainly keep your eye on that one. And let's move to crypto stocks. Here's well, speaking of green on the screen, Nathan. Blockchain are io T shares are about three percent in the pre market, really just following the bitcoin move you are seeing in the broader market, and I would argue risk sentiment broadly. Coin based is another one that you want to keep your eye on. C o I n is your ticker also up about

three percent. All right, just about thirty seconds left here, Crety. But we've been reporting on the possibility of a strike on the rails. You're keeping an eye on railroad stocks this morning, We absolutely are, so CEE excess is one of the ones you want to keep an eye on. It's major railroad here in the States. For our international audience.

Share is actually up about three tons of one percent, but that could move, and you are already seeing some interesting volume in these shares, so keep an eye on that. The other one we want to keep an eye on is Union Pacific u n P is your ticker, and those shares are actually up as well as well, up about six cents and one per some one. Again, they're both down heavyweights, so keep your eye on it all right,

Bloomberg Radio on TV Markets correspondent Creedy Group. They're giving us a reason to keep an eye on the dow this morning. That will make Tom Keene happy. Looking ahead to the market open SMP futures are up twenty points, Style futures up three NASTAC futures are higher by sixty seven points. The tenure treasury is up for thirty seconds, the yield three point to nine per cent. You're listening to Bloomberg day Break. Bloomberg day Break brought to you

by Interactive Brokers. Trade crypto for less coin with commissions just twelve to eighteen basis points and no hidden spreads or markups. Learn more at ib kr dot com, slash crypto, markets, headlines and breaking news twenty four hours a day at Bloomberg dot com. The Bloomberg Business Atland at Bloomberg Quicktape is a Bloomberg Business Flash and I'm Karen Moscow and

this updates brought to you by Interactive Brokers. Interactive Brokers charges margin alone rates from two point a three percent to three point three percent. Their clients can also earn extra income by lending their fully paired shase shares of stock. Rates subject to change. Learn more at ibkr dot com. Slash compare. Futures are higher this morning. We got to the first word breaking news to ask for today's morning call, and here's Bill Maloney. Bill, good morning, and good morning.

Can that's right. US futures with a bid right now, with the features up a hundred twenty five points. Game twenty one one, Nesday futures rise by sixty nine the US ten year at three point to nine percent, Gold is up nine, oil is trading higher, and bitcoin is up by two point four percent. Japan rose one pot two percent overnight, while European market sup posting one percent gains this morning, and back in the US, nothing to

report on the economic front. In deal news, Jake and Wargon will buy Payments start up Rentalvike Technologies and a deal.

In other news, the Disney CEO says that ESPN is critical to his vision, and Jenny Ellen remains hopeful the economy can revoid a recession regarding earnings Oracle reports after the bell and wrapping things up, Adobe was continutral over at mizoo ho Live from the first of Breaking News tascon Bill Maloney Camp all right, Bill, thank you and to hear life breaking news over your Bloomberg type squawk on your terminal s qu A w K and that's a Bloomberg business flash now with Moore on what's going

on around the world. Here's Michael Barr, Michael, thank you very much. Karen King. Charles the Third spoke about the death of his mother, Queen Elizabeth the Second. He spoke

before Parliament lawmakers in London's Westminster Home. I am deeply grateful for the addresses of condolence by the House of Lords and the House of Commons which so touchingly encompassed what's our late sovereign, my beloved mother, the Queen meant to asol The British people will get to pay their last respects to the late Queen this week at Westminster Home, Ukraine. As captain counter offensive momentum and it's war against Russia going,

it says it liberated one village after another. Amanta claim that in one region. It had pushed the invaders back right up to the borders they came from. In football, the Giants one, the Jets lost to the Ravens. The Commanders won, the Patriots and forty Niners lost. In baseball, the Yankees and Mets won, the Nationals lost. The Red Sox beat the Orioles, one, zip, the A's and Giants one. Carlos al ca Al Lord Carlos Alcarez defeated Crasper Rudd to win the US Opened Final to earn his first

Grand Slam title at age nineteen. Global News twenty four hours a day on air and on Bloomberg Quicktech, powered about more than twenty seven hundred journalists analysts more than a hundred twenty countries. Michael bar this is Bloomberg. Cara, right, Michael, thank you well at six nine on Wall Street. And we turned to news now in science and technology with the Bloomberg and j I T Stem Report. And here's

what's making news in science, technology, engineering and math. A former Amazon employee who has key to developing Alexa technology is now working to develop a new type of artificial intelligence. William tonstall Pito raised twin million dollars to fund the UK based start up unlikely Ai. He says that his group is taking a fresh look at the technology. Patrick Baschett, a former Google's CFO and current Twitter board member, is

among those backing the company. A UK payments start up fired several employees after harassment complaints from an off site trip to Cyprus. Checkout dot Com, which was last valued at forty billion dollars, said that it has a zero tolerance policy for harassment. The company terminated six members from its one hundred twenty person commercial team following an internal investigation. And the price of lithium is soaring and shinum as

demand for new energy vehicles continues to grow. Prices hit over seventy one dollars a ton Friday, the same as a peak in March. Carmakers and battery manufacturers have been scrambling to secure lithium to meet growing demand, and lithium is a key material for batteries and electric vehicles. That's at Bloomberg and j I T Stem Report. Nathan, Thank you, Karen.

We're live from the Bloomberg Interactive Broker studios where it's six 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 calling for unity and vigilance twenty one years after nine eleven because on this day, it is not about the past, it's about the future. We have an obligation, a duty, a responsibility

to defend, preserve, and protect our democracy. And Vice President Kamala Harris says she's very concerned about new threats to democracy after the election. Most people in America now that it is not helpful to our country when we have people who are denying elections, are trying to obstruct the outcome of an election. Vice President Harris tells NBC's Meet the Press President Biden believes in bipartisanship. Republican Senator Tim Scott says he needs to show it, but we have

not seen from the Biden administration. Is that type of unifying message that people rally a railed Senator Scott was on Fox News Sunday, also making news the passing of an era with Queen Elizabeth's death. US ambassa her to the United Kingdom. Jane Hartley was on ABC's This Week The dedication that the queen had to an institution and to a country, and she had that dedication for for seven years. You just don't see that that much in politics these days. And on CBS is Face the Nation.

Ukrainian Ambassador Oxana Markarova called for more vigilance from allies after her country's counter offensive against Russia. In order to defend our country. We can not aford to panic. We have to get ready, all of us, not only our military, our very capable military and veterans, but also all civilians face the nation this week. Fox News Sunday and Meet the Press can all be heard every Sunday right here

on Bloomberg Radio. Let's get more now on this Monday morning, Bloomberg Government reporter Emily Wilkins joins us live from the nation's capital. So, Emily, we heard from President Biden yesterday remembering nine eleven, after the after the attacks twenty one years ago. But those comments about defending democra see really seem to stand out absolutely, Nathan, And it really goes to a theme that we've been hearing a lot from President Joe Biden over the last several weeks. Uh, really

talking about democracy. If you remember when he ran for president, in his sort of old platform was that you know, they needed to protect democracy. Um, and you kind of positioned himself as the one to do it against former President Donald Trump. And you're beginning to really hear that message again as we go into the mid terms. I mean, certainly yesterday with nine eleven, was a day to remember the terrorists attacks and to really focus on what it's

meant for the US to come back from them. But at the same point, it really dovetails with this message that Biden is now giving on the campaign trail. We've heard it in Pennsylvania, We're hearing it in Ohio, these very key battleground states that had these important Senate elections as well as a number of a very competitive house races. But as of course the houses in play too, um. And we're just kind of expecting to hear more about

it at this point. Democrats really pushing this extreme ideology of former President Trump um, as well as talking about the MAGA Republicans the of course make America great again. UM. This is something really hard on the campaign trail, and it seems like for his part, former President Donald Trump, you know, he's kind of stepped up to this whole idea of of a potential rematch. He's not on the campaign trail as well. He's also been to Pennsylvania, He's

scheduled to go to Ohio. He's really tried to be out there because for Republicans, they know that he's still someone who can rally the base, who can get people to show up, and it is going to be quite a competitive mid term. We know that Republicans are still considered likely to win the House, but the Senate truly is a toss up. But it is interesting, though, isn't it to see the fight for control of Congress in

the mid terms almost looking like presidential rematch. As you mentioned, the president and is going to states with competitive congressional races, but they are also key presidential battlegrounds. Yeah, absolutely, Nathan. This is something where we have uh, both kind of presidents. I mean, it's not terribly surprising to see a current president being the head of their party, step up, uh and go to a number of these rallies. It is a little interesting given that Biden's approval numbers are a

little bit low. You have seen some of his party tried to distance themselves from him. But I think in terms of a former president really hitting the campaign trail, um, I think This kind of fuels a lot of that will Trump run in speculation. Republicans have kind of asset that he not announced anything until after the mid terms. UM, but he's certainly on the campaign trail, and certainly both of them are are very much acting like they've got

another presidential showdown coming their way in another two years. Well, let's talk about what's happening today. President Biden's headed to Massachusetts. Tell us more about why yeah so by didn't. We'll be headed to Massachusetts to talk about a cancer moonshot. This is something that's obviously near and dear to his heart after he lost his um son bow In to

brain cancer. UM. So, what Biden is going to try and really do today is served begin new initiatives and really add fuel to ones that are already going about trying to find an end to cancer. He's going to be highlighting a new federal back study that validates using blood test to screen against multiple cancers, and he's planning several other announcements meant to better the lives of those suffering from cancer. And so we're gonna see Biden focus

on this. Um. You know, obviously a lot of Americans have folks who have been touched by cancers. Biden's hoping to move the US closer to a goal he's set in February for cutting US cancer fatalities by over the next twenty five years with new technology and policies. Thanks as always for the update from Washington. Boomberg Government reporter Emily Wilkins, and you can read more about all these stories on Bloomberg dot com or on the Bloomberg terminal.

Listen to Bloomberg Radio in the nation's capital Bloomberg nine one and one oh five point seven FM HD two. Looking ahead to the market open, we still see green on the screen. SMP futures up eighteen points, staff futures up a hundred ten NASDAC futures are higher by sixty three points. The tenure treasury is up five thirty seconds.

The old three point two nine percent yield on the two year three point five three percent nim X scrooge moving higher by nine tenths percent, or seventy nine cents at eighty seven dollars fifty eight cents of arrel dollar weakness this morning, the Euro at one point zero one three nine. Bloomberg surveillance is straight ahead for Karen Moscow. I'm Nathan Hagar, and this is Bloomberg