Thanks. Karen's five oh seven on Wall Street. Were at sixty five degrees in Central Park and we've got the overnight construction starting to clear out and Van George Washington Bridge. We'll see how your rides looking shortly. First, John Tuckers here with what else is going on in New York and around the world. Good morning, John and Nathan. Governor Kathy Hokel has lifted the state's mass requirement for public transit, removing one of the last remaining government mandates of the
COVID nineteen pandemic. Watching global trends, we're watching for variance, We're watching for any updates and vaccines. But we do believe that we're in a good place right now, especially if New Yorker's take advantage of this BOOSTERCOL making the announcement before receiving the omacron specific booster. Mass will still be mandatory and healthcare settings and at adult care facilities. Uber will begin rolling out yellow taxi riots in New
York City. More in this report from Bloomberg's Jeff Bellinger. It's a long away to effort to help these a driver short of gen pressure on fairs, the Big Apple's iconic yellow cabs have started to appear on the ride hailing platform for a randomized majority of active New York City writers, allowing them to book trips and taxis through the Uber app. Under an agreement, Uber customers can hail a taxi at the same price as an Uber x, and they'll see the fair upfront before requesting a trip.
Driver's earnings will initially be based on the City Taxi and Limousine Commission mandated rates, which are close to thirty two dollars an hour. Jeff Bellinger, Bloomberg Debrate Abortion remains legal in Michigan after a judge permanently blocked enforcement of a ninety one year old band that could have become law following the Supreme Court's decision to overturn Roe versus Wade.
The band, which was opposed in a suffer lawsuit by Governor Gretchen Whitmer, was on hold after a temporary ruling. President Biden will host a call with allies today about the next steps in support of Ukraine against Russian invasion. Meantime, the Pentagon has sent Ukraine it's most accurate artillery shell, the GPS got an ex caliber as satellite gut it weapon it get hit within seven ft of its target.
The ex caliber was first used in a rack in two thousand seven in the high profile killing of an al Qaeda leader, and California's power grid once again didn't break despite being stretched to the limit as a punishing heat wave continues to test the state's ability to keep the lights on well. Today promises to be another ten standoff, with the man forecast near a record high and the
California Independent System Operator already declaring an emergency. Watch Global News twenty four hours a day on the air and on Bloomberg Quicktake. We're powered by more than seven hundred journalists and the analysts it more than one hundred twenty countries. I'm John Tucker. This is Bloomberg. Nathan. Thank you, John. Come into five ten on Wall Street time for the Bloomberg Sports Up. Tad, Good morning, John's good morning, Nathan.
Let's play two Matts and Yankees both made up of rain out with double headers, and both had sweep with had their aces on the mound for the Nightcaps and provided them with plenty of offense. And that's not normally the case when Jacob deGrom pitches, but the Grama the Mets beat the Pirates tend to nothing after taking the opener five to one. Is a good news on the field, not as good offen as Max Schers. It was placed on the injured list with that eighty side at the stadium.
Garrett Cole on the mountain for the second game and the Yanks meet the Twins seven to one Isaiah kinder Felefa with the grand Slam. The opener included yet another home run by you know who, swing on hit in there in a deep one. That fall is hot, that is far, that is god, It's amazing and I mean, man, absolutely, he's done it again. How does he do it? Tend Sterling w f a n is now fifty five home runs for Aaron Judge. The Yanks won five to four,
scoring twice in the twelfth inning. And another incredibly late night slash early morning at the US Open. Forty eight hours after Carlos Alcarez won his fourth round match at two twenty three am, Alcarez was back finishing the quarterfinal victory over Unique Center at two fifty a m. The match went five hours, fifteen minutes, so he's into the semis to play Francis tiafo Is doing things no American
man has done. Sinzani Roddick, Thiafo the first from the US to be a Grand Slam semifinalists two thousand nine, first to do it at the Open since oh six, and Tiafo is the first African American Men's Open semifinalists. Arthur nasked fifty years ago, they'll play the women's semifinals today in the NFL season picks off tonight in l A, Rams and pills. John Stashar Bloomberg Sports. All right, John,
thank you. SMP futures right now down one point, DAL futures down ten nasty futures a little changed to the downside. The tenure treasury is up three thirty seconds, the yield three point to five percent. You're listening to Bloomberg Daybreak, Bloomberg eleven three oh. They're mostly sunny with a high near eighty. Today, will be in the low eighties with sunshine starting tomorrow and all weekend long. Actually right now
at sixty five degrees in Central Park markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business out hand at Bloomberg. Victake, He's a Bloomberg business lash and I'm Karen Moscow. European stocks are pairing early gains. His investors brace for potential unprecedented monetary policy tightening by the region's central bank. Later today you are stock index futures. They are a little change just after the S and P five hundred and nasdak rows
more than one percent. Yesterday we checked the markets every fifteen minutes throughout the trading day on bloomberges and P futures. Again little change, and so are down. Announce Dack futures. The Dacks in Germany's down a tenth of uppercent, while the cat in Paris is up to tenths of upper cent, and the foot Sea one hundred is up three tenths of uppercent, and your treasury up three thirty seconds. You have three point to five percent yield on the two
year three point four or four percent. Nim Max Screwed oil is down four tenths of upper cent on thirty five cents at eighty one dollar fifty seven cents of barrel com scholled up tenth of a percent of a dollar ninety at seventy announced. The euro is at point in nine nine nine nine against the dollar, British found one point one nine two and the yen one point one. Bitcoin is down eight tens of a percent at nineteen thousand,
two hundred thirty dollars. And as a Bloomberg business flash, now here's John Tucker with Moore on what's going on around the world. John and Karen Police and Memphis, Tennessee have arrested a nineteen year old after four people were killed, three others wounded, and a random shooting spree that was live streamed on Facebook. President Biden holding back on the decision to scrap a a Trump ra tariffs on China imports, and the Pentagonist sent Ukraine it's most accurate artillery shell.
The satellite guided weapon can hit within several feet of a target. Sports Yankees beat the Twins and both games of a double header. MAT's also winners, beating the Pirates both games of their double header. The Eighties lost to the Braves, the Giants lost to the Dodgers, the Red Sox lost to the Rays, the Orioles lose to the Blue Jays, the Nationals lose to the Cardinals, and the NFL season kicks off tonight with the Bills heading to
Los Angeles to take on the Super Bowl champion. Rams Global News twenty four hours day on air on Bloomberg Quick Take, more than twenty seven hundred journalists and analysts and more than countries. I'm John Tucker. This is Bloomberg. Nathan Okay, John, thank you. It's five nineteen on Wall Street Life from the Bloomberg Interactive Broker Studios. This is
Bloomberg Daybreak. And speaking of Los Angeles, that is where the US is set to host the first gathering of Asian nations on an economic agreement that the White House hopes will be a counter to China's rising influence in the region. It seems there is no end two tensions between the US and China. So we want to bring in our first guest this morning, James Meager, China Economy editor for Bloomberg News, joining us live from our bureau in Beijing. Good morning, James. So what more do we
know out this? What thirteen nation summit that's kicking off today? So this is you know, this is like an attempt by the Biden administration. I guess too. As you said in the introduction to count of the rising economic power of China, I mean all of the nations in Asia, especially the ones that are coming to this meeting. For them, China is the largest trading part of that they have, you know, it's by an increasing amount of goods from Australia,
from South Korea, from Japan, from India, and uh. The the failure of the you know, the failure the decision about the Trump administration to to to pull out of the t p P has sort of left the U S trade policy and economic policy towards these nations a little bit adrift. So this is the attempt by the Biden administration to sort of bring that back on course and to try and you know, to increase economic connections between the countries of Asia and the US. It isn't
really isn't really traditional trade negotiation. The then this is really this meeting that's happening in Los Angeles starting today is sort of an agreement to start talking the company. The countries are going to meet and they're gonna say like, these are the these are the big buckets of things we would like to do. Where can we cooperate, where can we not cooperate? And and some of those countries
are not going to cooperate in all these areas. You know, these the areas where looking at trade, supply chains, decobanization, and then taxes in corruption. And one of the things that's different about this from a normal trade negotiation is that it's basically pick or choose, Like some countries may decide to just cooperate on trade, some countries may decide to cooperate on any corruption or tax you know, harmonization, that kind of thing. So it's you know, it's very
much an ad hoc kind of process. And that part of the reason for that is that it's impossible to get a trade deal through through Congress. Um the Binding administration, the Trump administration before it, it has shown it's impossible for you know, the US Congress to vote or sorry, the US sender to vote to approve any kind of trade deal. And so the I guess the administration's effort is to know, have this kind of talk jop which doesn't need congressional approval. Yeah, so you've laid out some
of the challenges there. But what is China's influence looking like right now? Given all the muscle flexing that's been going on really ever since how Speaker Nancy Pelosi came to Taiwan last month. I mean, I think China's muscle, at least on economic and trade goes back well before
the recent tensions of Taiwan. If you look at, you know, the growth of the rise of China's economy over the last twenty years, it's going from being basically a minnow and global trade to becoming to being the world's largest trading country now. As I said, it's the largest trading partner from all of the countries that are that are that are represented in in Los Angeles today and tomorrow. Uh so the you know, it's the world second large
of economy. It's a huge source of demand for many many countries in a while all the two sorts of imports, including for the US for many kinds of manufactured goods. So China's weight in the region is because it is such a massive economy and it is most to all
of these countries. Obviously it's much closer to from Thailand or Australia or Japan to China than it is to the US, so you know, it has that economic heft, uh you know, and at the moment, I guess you could say that the US still has some areas in which is stronger than China in the region. It's still a much larger investor into many of these countries. You know, it's by far the largest investor into Australia, it's a Thailand,
and into other countries in the region. But you know, the growth of trade between China and Asian countries, for example, is much much faster than the growth of trade between the US and those countries. China has been able to sit a sign free trade deals with all of those countries, and so the direction of trade is obviously going to be much more focused on trade between athel or trade became Asian nations and China more than it would be
on the focused on trade between the US and those countries. So, you know, this agreement is an attempt by the Biden administration to try and shift that focus a little bit back to the US, you know, shifted away from the direction has been going over the past twenty years as China has as its economy has has grown. You know, well, it can be very interesting to watch whether this economic pressure and put to bear on China by the USh bears fruit given some of the h even further geopolitical
military potential tensions that we've seen in recent weeks. James Meager, our China Economy editor for Bloomberg News, thanks for joining us this morning giving us more insights on this Indo Pacific Economic Framework for Prosperity conference kicking off today at two day conference UH said to begin in Los Angeles. Looking ahead to the market open futures are little changed to have an ECB decision this morning. You're listening to
Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today with a higher eighty degrees, will be sunny, low eighties Tomorrow and Saturday. We'll call it partly sunny Sunday, but still warm with highs in the low eighties. Right now sixty five in Central Park, broadcasting live from the Bloomberg Interacted
Broker's studio in New York. Bloomberg E Living Freedom to Washington, d C. Bloomberg to Boston, Bloomberg one O six one to San Francisco, Bloomberg now sixty to the country, Sirius x M CHADO one nine team and around the globe, the Bloomberg Business at and Bloomberg Radio dot Com. This is Bloomberg Daybreak. It's five thirty on Wall Street good morning. I'm Nathan Hagar and I'm karenin Moscow. We're just about
four hours away from the open of US trading. Let's get you up to date on the news you need to know at this hour. We begin overseas, where the European Central Bank calls its first monetary policy meeting since July. Economists expect the ECB to deliver a rate hike as high as seventy five basis points, but Bloomberg's Maria Todeo
says it's still unclear exactly how high they'll go. When you look at the seventy five basis points camp, what they argue is there is a go now to hike, and you should do it quickly, decisively, and take swift action. This is now about the credibility of the institution. On the flip side, when you look at the fifty basis points at Camp here, what they argue is that you could find yourself in a situation where you're hiking aggressively at the same time your economy about to enter potentially
a recession and facing an energy crisis. Bloomberg's Maria today O says, no matter how high the e c D goes, the Central Bank will definitely raise rates today. All back here in the US, Karen, We're watching for comments from Fed Chair j Powell. He has scheduled to take part in the moderated discussion hosted by the Cato Institute this morning. Stick with us for live coverage of the remarks starting around nine am All street time on Bloomberg Radio and television.
Well overseas, Nathan, we have a big move in geopolitics. The US is warning about Chinese threats to Taiwan. National Security Adviser Jake Sullivan says he and congressional leaders are working to alter policy toward the island and light of threats from Beijing or elements of that legislation with respect to how we can strengthen our security assistance for Taiwan that are quite effective and robust that will improve Taiwan security.
There are other elements that give us some concern and National Security Adviser Jake Sullivan made the comments on the David Rubinstein Show Peer to Peer Conversations. Get the program later this month on Bloomberg Television September twenty one, at nine pm Eastern. The U s is also taking him at China on the economic frontcare and the White House is hosting its first gathering of Asian nations over an economic agreement aimed to counter Beijing's rising influence in the region.
Bloomberg Stephen Angel in Hong Kong says the agreement is not traditional. It's more focused on ways to build trade with these fourteen nations, to improve supply chains, to build clean energy initiative de carbonization as a main goal, and also the infrastructure to do that. Also deals with taxes and anti corrupted Bloomberg Stephen Angel says critics of the pack thing to too vague and want more details. And we're keeping an eye on the yen this morning. Nathan.
It's a bid because swings overnight weaker than stronger, now weaker again. There are reports of officials in Japan are meeting for the first time since June to discuss the situation again. At one point oh seven against the dollar. And this is Bloomberg three on All Street, sixty five degrees in Central Park eastbound b Que's getting heavy into cabin Plaza. Will get to the details in traffic first John Tucker with what else is going on in New
York and around the world. John and Nathan one of the last remaining government mandates of the pandemic has now been lifted. More this morning and this report from Bloomberg's Lisa Mateo, New York Governor Kathy Hokel has lifted the state's mask requirement for public transit. It comes after months of confusion among commuters by varying national, state, and local rules on where face coverings are required. The governor says COVID numbers are stable, putting the state in a good
place now effective immediately. Masks will no longer be required for mass transit, correctional facilities, and shell There's mass mandates remain in effect at nursing homes as well as other health care facilities regulated by the state. Mass compliance on New York City subways, buses, and commuter trains had waned over the past few months. Lisa Mateo, Bloomberg Daybreak. Another
mass shooting in Memphis. Four people were killed three others injured in a shooting spree that held the city hostage for hours last night. Police say nineteen year old Ezekiel Kelly drove around randomly shooting people while live streaming on Facebook. He was taken into custody. Court records show he had a previous first degrade murder charge, but pleaded down to aggravate an assault. He served just eleven months of a
three year sentence. Memphis Mayor Jim Strickland was outraged and blamed a lenient judicial system because I'm tired of our police officers arresting the same people over and over and over, and those people committing violent acts. The shooting comes the same week Memphis police found the body of a missing teacher, Eliza Fletcher. The second suspect wanted in the standing rampage
Agent Canada, has died. Miles Sanderson was taken into custody yesterday, but police say he went into medical distress shortly after and died. Myles and his brother Damien had been on the run in Saskatchewan since Sunday, accused of a stabbing spree that killed ten and left nineteen others injured. Damien was found dead in the field near these stabbing sites. On Monday. President Biden will hold a video call with
allies today. The talks will focus on the next step to support Ukraine against Russia's invasion the Pentagon meantime and sent Ukraine It's most accurate artillery Shell the GPS guided ex Caliber, according to budget documents, and a judge has sharply criticized that Ela Moss were not properly turning over text messages that could be evidence in Twitter's lawsuit seeking to force the billionaire to complete his proposed forty four
billion dollar buy out. The judge said there were glaring deficiencies. Global News twenty four hours a day on air and on Bloomberg Quicktake, powered by more than seven journalists and analysts more than one hundred twenty countries. I'm John Temper. This is Bloomberg as John Tucker. Thank you almost six on Wall streetch on Stashowers, the Bloomberg Sports Update, Thanks Dathan. When the Yankees are slumping, bring on the Twins. It's
the team the Yanks always seem to dominate. And the Yanks with a double Edder sweep, now go for a four game series sweep tonight. They're doing it with a lineup that had five guys who have spent most of the season in Scranton, and the Yanks still won the wild opener five to four. They scored twice in the twelfth inning. That's Waldo Cabrera had the walk off hit
and in in over twenty five slump. Earlier in Aaron Judge o'mron his fifty fifth second most in the Yankee history, moving past Mickey Mannell and Alex Rodriguez and now trailing only Roger Marri's nightcap had a grand slam from Isaiah Connor Felff and Aaron Hicks, who has struggled so mightily with a three run double on the Yanks one seven to one. That's also with a doubleheader sweep in Pittsburgh,
first five to one and then tend enough. And though Max Scherzer has been put on the injured list with an eighty side, the hope is he misses only one start, no more than two. So down to the final four at the US Open Women's semifinals today tonight no Americans left. Jess Pagoula lost last night to the top seed IGIs Giontech. There is an American left on the men's side that had not been the case at the Open since Andy Roddick in two thousand six. Francis Tiafa one again. Tomorrow,
Tiafa will face Carlos Alcarez. He won his quarterfinal match with the Unique Center in five sets. The match went five hours fifteen minutes. It ended at two fifty am. Alcarez had won his previous match at two twenty three am. Grams and Bills kick off the NFL season tonight in l A. The Jets made official that Joe Flacco will be their starting quarterbacks Sunday against Baltimore. Zack Wilson not ready to return from his knee injury. In fact, he
might miss the first three games. John Stash Howard Bloomberg Sports Nathan John Thanks thirty seven on Wall Street Time for the Tri State Business Report with Bloomberg's head Cory Manhattan home sales under a million dollars sagged well below their pre pandemic levels this summer. The number of properties for sale under five hundred thousand bucks had entered contract in June, July and August was twenty nine, present, less than the average number for that period in the decade
leading up to the pandemic. Bosses expect workers to start showing up more regularly at Manhattan offices that have been sparsely populated for more than two years. Jeff Blow, chief executive officer of Landlord Related Companies, thinks there will be a real push back to the office. Now that summer is ending, New York City is seeking bids from companies to operate its ferry system, a fleet of thirty eight boats that play a role in Mayor Eric Adam's plan
to lure riders back to public transportation. N y C Ferry is used by six civilion travelers every year on routes that cover seventy nautical miles to all five boroughs that your Bloomberg Drying State Business Report. I'm Ed Corey on Wall Street, Bloomberg Radios on the air from San Francisco to New York, London to Hong Kong. Let's check in with our global news team for some of the top stories heard on our three hundred affiliate radio stations around the world. Steve Phota Scan on kao X in
Los Angeles. We're talking about next our media looking for new shows as it takes over the money losing c W TV network, Cornitanahwan ktr H in Houston. Crude has tumbled by almost fifty dollars of Barrelton speaking in March, I'm Stephen Carol and Bloomberg d a B Digital Radio in London. We've been reporting on the ECB's right decision on the margin of the hike. I Mad Gorri on w p A M in Cleveland. I'm reporting the Browns Jack Cleveland Casino and the thistle Down Race. Pino will
be able to offer sports betting in January. And those are some of the stories our d Bloomberg journalists and analysts working on this morning around the world. It's thirty nine on Wall Street. The following is an editorial from Bloomberg Opinion. This editorial was written by the Bloomberg Editorial Board. Liz Trust could hardly have picked worse circumstances under which to become the UK's new Prime Minister, even leaving aside
the rain that delayed her inaugural speech this week. After all, she inherits potentially the worst economic crisis in a generation. Whether Trust exceeds expectations will depend on her willingness to abandon campaign slogans for pragmatic solutions. Trust will need to speak honestly about trade offs and demonstrate an ability to compromise, especially on two major issues where she'll have to make early decisions, the cost of living crisis and UK EU relations.
Trust's task now is to restore confidence in the government's ability to manage crises at home while providing steady, stable leadership on the world stage. Not just Britain's should wish her success. This editorial was written by the Bloomberg Editorial Board. For more Bloomberg opinion, please go to Bloomberg dot Com, slash Opinion or ope I n go on the Bloomberg Terminal. This has been Bloomberg Opinion. Listen for Bloomberg opinion editorials
every weekday. This time terminal customers can read more at op I n gull. Sunshine near eighty today will be sunny, low eighties all weekend. Long sixty five is the current temperature 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. He's a Bloomberg Business flash and I'm paring Moscow European stocks pairing early games with investors conscious before a potential jumbo interest rate
hike by the region's central bank later Today. US stock index futures are a little changed, and we check the markets every fifteen minutes throughout the trading day on Bloomberg s and P futures. Again, little change or NAZDAC and now futures. The decks in Germany's down about two chance of upper cent ten, Your treasury up four thirty seconds, yell three point to four percent, and the yield on
the two year three point for three percent. Nine X screwde oil is down four ten per cent or thirty six cents and eighty one dollars fifty nine cents in barrel. Comex called up two tens per centers three dollars seventy cents a seventeen thirty one fifty announced. The euro is appointed is now at one against the dollar, British found one point one four nine two and the end one point nine three. And Bitcoin this morning is down about one percent and nineteen thousand one nine dollars. That's a
Bloomberg business flash. Now here's John Tucker with more on what's going on around the world. John, Good morning, Karen, the Pentagon, it's quietly sent Ukraine. It's most accurate artillery show. The GPS got at ex caliber. Memphis police say four or dead after a teenager shooting spree that was streamed live on Facebook, and California's power grid once again didn't break despite being stretched to the limit as a punishing heat wave continues. Sports Yankees beat the Twins both games
of a double header. Matt's also one, beating the Pirates in both games of their double header. The A's lost to the Braves, Giants lose to the Dodgers, the Red Sox lost to the Rays, the Orioles lost to the Blue Jays, and the Nationals lost to the Cardinals. Also, the NFL season kicks off tonight with the Bills heading to Los Angeles to take on the Super Bowl champion. Rams Global News twenty four hours a day on air in a Bloomberg Quicktake power bline, more than journalists and
analysts and more than one hundred twenty countries. I'm John Tucker, and this is Bloomberg. Nathan Okay, John, Thanks, It's on Wall Street Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Day Break. Let's turn out to the nation's capital where we're seeing some important moves in jail, politics and in the run up to the mid terms. Joining us now from our Bloomberg ninety nine one studios in Washington,
d C. Is Bloomberg Government Congressional reporter Jack Fitzpatrick. Jack good morning. We've been reporting that the President is going to be holding a call later this morning to try to shore up support from allies in the war in Ukraine. What's the latest that we're hearing on that. Yeah, it's gonna be a video call. Uh. They haven't said exactly who's participating, but it's going to include some group of Seven leaders, some NATO nation leaders, and others from the
European Union. UH, so a fairly broad group. The it seems europe centric. UH. And of course this comes in light of the news just this morning that the US is bringing forth another two billion dollars in military aid to Ukraine and other uh nearby nations affected by the invasion of Ukraine. So it you know, it seems to be another uh just the the White House re upping their attempts to display unity, UH get a number of
different countries on board in terms of backing Ukraine. UH in light of expected uh you know, economic struggles heading into the winter, as as energy becomes in prices become more important and potentially more painful. UH. And and also Liz trust would be uh an interesting person to keep an eye on as she is uh the new UK leader who has been fairly hawkish on Russia. But it'll it'll be a video call that it would appear to take the same kind of rhetoric that you've heard before
from the White House. Yeah, it's interesting that you bring up the threat of an energy crunch getting even worse for Europe as they head into the winter. What's the level of concern that you're hearing in the White House about whether the US is going to be able to hold the alliance together with Ukraine. Uh, you know, there's concern about that at this point. It seems more to be something the White House, the in the Biden administrations is warning about. It is not something that has appeared
to shake the foundations of support for Ukraine at this point. Uh. I don't think the concern has risen to that level for the winter. But you know, the economic pain that could come from higher energy prices depending on how cold the winter is, is a very significant factor in this. You know, in Washington there is still a lot of support, a lot of bipartisan willingness to do more for Ukraine. Uh. The concern, as as you just alluded to, the is you know, how widespread is that support and how how
steadfast does it stay there throughout the winter. It is a concern, but it is not something that has fundamentally changed the politics of the Ukraine Russia situation from the US's perspective. And how about the support on Capitol Hill for Ukraine, Jack, I know that the White House is looking to include a lot more Ukraine aid in the
stop gap spending bill that's under negotiation. I guess has to be passed before what the end of this month to get a government from shutting downs left here yes September, they've got to have a stopgap funding bill bill that will probably run into December. The White House has asked for a number of additional h funds, including thirteen point seven billion in Ukraine related aid, and that is one of the few that has very clear bipartisan support on
Capitol Hill. So there there is a lot of willingness to add more money, significant more money, Uh coming up soon from Congress for Ukraine. Appreciate this, Jack, Thanks for joining us. Jack Fitzpatrick, our congressional reporter for Bloomberg Government, joining us from the nation's capital. Karen Verry Nathan thank you at its five fifty three on Wall Straight Time for the Bloomberg Law Rapport. Let's get to the legal
stories we are watching this morning. From Bloomberg's Jeff Bellinger, Meta Platforms is being sued in the New York Federal Court by Meta Capital Management. The investment advisory service claims metas name infringes on its trademark. A federal lawsuit accuses Game Stop of secretly wired happening the chat feature on its website than sharing transcripts with third parties for marketing purposes. A federal lawsuit was filed in California over the way
Hello Fresh handles renewals for its grocery subscription service. Plaintiffs say they were not notified about automatic renewals. Bloomberg Law everything you need, all on one legal research platform, including guidance analysis and Bloomberg Market Intelligence. Find out more at Bloomberg Law dot com. All right, thanks Jeff. Now another legal story we're watching for the first time and more
than a hundred years. A judge has removed a public official from office under the Constitution's ban on insurrectionists holding office. A judge has asked a coy Griffin, a county commissioner in a Tarot County, New Mexico, from his office for participating in the January sixth insurrection. For more Bloomberg, Joon Grauso speaks to know a book Binder, director of Citizens for Responsibility and Ethics in Washington, and on partisan watchdog organization that sued for g fince removal on behalf of
three New Mexico residents. The judge's decisions seemed pretty far reaching, considering that Griffin had only been convicted of trespass, a misdemeanor, and the judge went on to rule for the first time that January six was an insurrection. That's right. There are a couple of really really significant parts of the judge's ruling. One was that, you know, this was the first time that a judge ruled that, as a matter of law, under the fourteenth Amendment, what happened on January
six was an insurrection. And the other part was his finding that what Griffin did constituted participating in the insurrection. The judge specifically found that the fact that Griffin himself didn't engage in violence was not sufficient to say that he was not a participant in the insurrection, because he had incited and encouraged the crowd. He was part of this crowd that that that could be surrection, and that's one of the ways that this case could have, you know,
pretty broad application gone forward. We'll explain that because this is the first you know, he's the first person associated with the January six insurrection to be kicked out of office under the Constitution. But it's a state court judge.
So what do you think the impact is. Well, one of the things that it does is that it makes clear that the provision in the Constitution, which had not been enforced by a judge in over a hundred and fifty years and had been largely forgotten, that this is a provision that is still meaningful and could still be used. I think up until the judge's decision, it was kind of theoretical. It was something that people could point to, but it wasn't clear that it could be successfully applied
in the modern day. And certainly, as we looked at it, what people like Griffin engaged in on January six was exactly the kind of event that the framers of the Furting demandment were worried about, and it ought to apply. And you know, this was sort of proof of concept that judge looking at that law, looking at the facts could find it applicable here, and you're right, this is a state court finding. It's not binding precedent elsewhere in
the country. But we think that it's going to have enormous persuasive value, both in terms of people thinking about whether they could bring an action to disqualify someone under the fourteenth Amendment who participated in insurrection, and also the courts thinking that, you know, this is kind of a plunge that they can take, and as no A Book Binder, director of Citizens for Responsibility and Ethics in Washington, speaking
with Bloomberg student Grosso. Catch more of that interview, plus analysis of the latest legal news, by subscribing to the Bloomberg Law Podcast or downloading the show at Bloomberg dot com slash podcast. Attorneys can find exceptional legal research and business development tools at Bloomberg Law dot com and the Bloomberg terminal at b Law Go. Futures this morning they are little changed and the tenure treasury up six thirty seconds you three point to four percent. They yield on
the two year three point for three per cent. NIMEX Screwed oil is down six tents percent at eighty one nine cents a barrel. Still ahead of Bloomberg day break, we have a check on the business headlines and all the news you need to start your day. And this is Bloomberg