Bloomberg Daybreak: September 9, 2022 - Hour 1 (Radio)

so in British history. The Justice Department will appeal that Trump's Special Master Order and Governor Murphy take same at Manhattan's congestion pricing plan. I'm John Tucker. Those stories straight ahead. I'm John Stashon sports, a Yankee rally came up short against the Twins. That Bills beat the Rams to kick

off the NFL season. That's all training ahead on Bloomberg Daybreak on Bloomberg eleven three on New York, Bloomberg one, Washington, d C, Bloomberg one oh six one, Boston, Bloomberg nine sixties and frances Go Syrius Exam one nineteen and around the world on Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning, I'm Nathan Hagar and I'm Karen Moscow.

Any US futures are higher this morning. We are coming up to five o one on Wall Street and we check the markets every fifteen minutes throughout the trading day. On Bloomberg, U S and P futures up thirty three points this morning. Death futures have two two and as day futures up one. Six ten year treasury up ten thirty seconds. You have three point to seven percent, Nathan Karen.

Reaction continues to pour in this morning. Following the death of Queen Elizabeth the Second, Britain's longest reigning monarch, passed away peacefully at Balmoral Castle in Scotland yesterday. She was ninety six years old. Prime Minister Liz Trust was first to pay honor to the life and work of the Queen. Queen Elizabeth the Second leaves a great legacy. Today the crown passes as it has done for more than a thousand years, to our new monarch. On you had to

state his Majesty, King Charles the Third. Prime Minister Liz Trust called the Queen the rock on which modern Britain was built. Trust was appointed by the Queen just this week. Well, Nathan Leaders across the world, they're also paying their respect to the Queen. Here in the US, President Joe Biden addressed the loss at a reception for the Democratic National Committee in Maryland. The opportunity to meeter before she passed,

and she was an incredibly gracious and decent woman. The thoughts and prayers of the American people are with the people of the United Kingdom and the Commonwealth and their grief. Hillary Clinton is also remembering her majesty. The former First Lady and Secretary of State says she was lucky enough to meet her Majesty on several occasions. She was a curious, highly intelligent person who really wanted to learn, uh, what you knew and how it would fit into the world.

All back in the UK, there's been a profound loss felt. In Scotland, First Minister Nicolas Sturgeon described the death of the Queen as a moment of acute loss and sadness. For more than seventy years, Queen Elizabeth has been the

great constant in our national life. She has inspired us on occasion comfort he does and always personified values we hold dear and In Canada, Prime Minister Justin Trudeau delivered a poignant speech on the legacy of the Queen and her importance to him and his country in a complicated world. Her steady grace and resolve brought comfort and strength to us. All Canada is in mourning. She was one of my favorite people in the world and I will miss herself.

Prime Minister Justin Trudeau says he's in disbelief over her death and that Canada is in mourning. Well, Karen. Outside of world leaders, we're hearing from people who had a close personal relationship with the Queen. We spoke with former advisor to the Queen Mary McLeod, who says her majesty was an empowering role model. She will be remembered. I think really as an as an inspiration and I grew up thinking I could achieve anything. There was a female monarch,

of female prime minister. I mean it's really she has been there for for everyone throughout their lives and as her to Walsh in her life of service, a real selfless leader is how I think everyone is is remembering her.

Mary McLeod is a former Member of Parliament and adviser to Queen Elizabeth the Second Stay tuned for War of that conversation coming up shortly on Bloomberg Daybreak, Well, Nathan, The death of the Queen kicks off ten days of mourning in the UK, and we get the details on that from Bloomberg Daybreak Europe anchor Caroline Hecker, who joins us live from London and Caroline, good morning, Good morning,

Karen and Nathan. We had all perhaps prepared ourselves for the death of the Queen, but when it came it was still a shock and a moment of grief. For many flags are now flying at half. Mass tributes from politicians at home and abroad for her long reign and particularly her dedication to public service of being made in the coming days. The Queen's body will return from Scotland

to London. She will lie in state in Westminster Hall, in the heart of Parliament, where the public will be able to pay their own respects to the monarch of seventy years. We have no date yet, but the state funeral for the Queen will take place at Westminster Abbey with markets closed, in the very place where Elizabeth Alexandra Mary wins A married Prince Philip in ninety seven, and where she was crowned Queen in nineteen fifty three, Live

in London. I'm Caroline Hepkeer Bloomberg Radio. Thanks for the Caroline, And there's also the future of the monarchy to consider at this moment. Charles the Third will soon be formally proclaimed king in a ceremony dating back hundreds of years, and Bloomberg gave breakure. Banker Stephen Carroll, who also joins us now from London, has the details on that. Stephen,

good morning, Good morning, Nathan and Kareny. At the meeting of the Accession Counselors that's nown due to take place tomorrow, with that form of proclamation will take place the group that includes members of the Privy Council, historically the sovereign's most trusted advisers. Also present will be officials in the City of London and from the Commonwealth. At seventy three, Charles is the oldest person who exceeds the throne in

British history. He'll now have to steer the monarchy in a country that's altered beyond recognition since his mother's succession in nineteen fifty two. Live in London. I'm Stephen Carroll, Bloomberg daybreak right, Stephen, thank you, and King Charles now has big shoes to fill, taking over from the longest reigning monarch in British history. We get perspective now from Anthony Gardner, former US Ambassador to the European Union under

President Obama. Well, I think he will try to respect something of the recipe of what made her a success. It may be difficult because he is a person with the views and by the way, I think he's underestimated. He said things and believe things well before they were widely believed or said. I'm thinking of certainly the environment well before his time, well before his time. Former US MS it are Anthony Gardner was against on Bloomberg Sound On with Joe Matthew. Catch the program weekdays at five

pm Eastern on Bloomberg Radio. All right, let's look ahead to the market. Open Karen SMP futures right now. We're up thirty two points, STAFF futures hire by two and at thirty nine NAZAC futures up one d twenty three points. You're listening to Bloomberg Daybreak And at five oh seven on Wall Street where at sixty four degrees in Central Park, still clearing out some construction on the upper level of the George Washington Bridge might want to take the lower

end at the moment. Get to the details in traffic First. John Tucker is here with what else is going on in New York and around the world. John, Good morning, Good morning, Nathan. The US Justice Department will appeal the Trump's special master order. Let's get the tails of this report from Bloomberg's Jeff Bellinger. The d o J filed the notice of appeal with the U. S District Court

in the Southern District of Florida. They are asking the higher court to reverse a federal judge's order for a special master to review documents the f b I seized from former President Donald Trump's Florida home. The Department says the ruling has impeded a review of the potential national security impact. The Department also is seeking emergency approval to continue using the classified materials that were removed from our lago as part of its ongoing criminal investigation into whether

Trump mishandled government records. In a decision roundly criticized by legal experts, US District Judge Eileen Cannon granted Trump's request for a so called special master and temporarily barred the government from using the documents to develop its criminal investigation. Jeff Bellinger Bloombird Daybreak. He's shaving up to be a border war of words. New Jersey Governor Phil Murphy says New York City's congestion pricing proposal can't be on the

backs of New Jersey commuters. I'm going to stand up and I will not rolet on behalf of our our taxpayers intributers. Murphy's speaking of Bloomberg's balance of power with David Weston. New York City is moving toward Manhattan congestion traffic pricing with a proposed toll of as much as twenty three dollars. Former White House strategy to See Bannon vows to fight New York state case accusing him of defrauding thousands of contributors to a privately funded US Mexico

border wall of more than fifteen million dollars. Bennon pleading not guilty the money laundering, fraud, and conspiracy charges and walking into a Low Manhattan courtroom in handcuffs. It was released after turning over his passport, and satellite providers are being told to clean up after themselves under proposal issued by the Federal Communications Commission operators will need to bring satellites down from orbit within five years of their ending service,

compared with the current requirement of twenty five years. Regulators are concerned with a proliferation of orbiting space junk in a new generation of thousands of satellites. Global news twenty four hours day on Erin on Bloomber Quicktake were powered by more than twenty seven hundred journalists and analysts in more than one D twenty countries on John's Sucker Disease Bloomberg Nathan, Thank you John, coming up to five ten on Wall Street. Let's get with the Bloomberg sports update.

Here's John stanhow thanks Nathan. Yankees began today placing yet another key player on their very crowded injured list. He's Ala May, who has been struggling playing with the bad Toes. Another makeshift line up, Isaiah Kiner Felfa was the yankst clean up hitter. Marwin Gonzalez bat at fifth. They got early two on homer from Miguel and do Are, but the Twins tie the game fifth inning, and then in the eighth one to pitch a floodball left field and

deep packet goals. Deep It goals and God Carlos Carea, there's his signature moment. Biggest swing is a twin go ahead eighth inning two run homer and the Twins tick of four too late t b in the call Yanks guy at runner the eighth had the bases loaded with one out bottom of the ninth failed to score. Minnesota won for three to avoid getting sweat. Big series starts tonight at the Stadium. Tampa Bay comes in having won fourteen the last sevent team, the Razor, four and a

half games behind the Yanks. Mets start the weekend half game ahead of Atlanta. Mets tonight visit in Miami. The MLB Competition Committee expect you to vote today on significant rule changes for next season, like the implementation of a pitch clock and the elimination of defensive shifts. Ons. Jabbiro Tunisia and Igosian take of Poland the semifinal winners at the US Open. They'll play tomorrow for the women's singles title.

Now it's the men's semis highlighted by the mass Tonight the American for instance TFO against the young Spaniard Carlos Elkaz. Buffalo Bills nearly made to the super Bowl last season, favorite of many to get there. This year, they opened up in l A with a thirty one to ten a rout of the defending Super Bowl champion Rams. Josh Allen threw for nearly three hundred yards three touchdowns while

Matthew Stafford was intercepted three times. John stash that we're Bloomberg Sports, Nathan, thank you, john S andp Futures right now up thirty three points, Stound Features up two D fifty one, nest A Futures up a hundred twenty eight points. Stay with us as our special coverage on the life and legacy of the late Queen Elizabeth. The second continue is right here on Bloomberg Daybreak Bloomberg eleven three oh weather. Sunshine today with a high near eighty degrees, increasing clouds

tomorrow afternoon. It's gonna be hazy with highs in the low eighties, probably the mostly cloudy low eighties for Sunday. Right now sixty five degrees in Central Park Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business Outland at Bloomberg Quick Tape. This is a Bloomberg Business Flash and I'm Karen, Moscow

futures higher this morning. We check the markets every fifteen minutes throughout the trading day on Bloomberg, SNP futures up thirty two points, a down, futures up two five, Nash Day futures up a hundred twenty six, and the Tenure Treasury up eleven thirty seconds. He know, three point to seven percent. 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. Charles, the elders of Queen Elizabeth's four children will be formally proclaimed King of England in a ceremony tomorrow. He becomes the oldest person to ascend to the throne. Here in the US, the Justice Department will appeal a federal judges order for a special Master in the Trump documents case. The d o J says the ruling towards the review of the potential national security impact. Sports NFL season kicked off last night with Bills beating

the reigning champion Rams thirty one to ten. Yankees filled to the Twins four to three, the Nationals one of the Cardinals, Reds beat Cobs. Marlon's beat the Phillies, the White Sox one big over the A's, and the Brewers swept the Giants in a doubleheader Global news twenty four hours a day on Era and on Bloomberg Quicktake. We're powered by more than hundred journalists and analysm more than one d twenty countries. I'm John Tucker, and this is

Bloomberg Nathan. John. Thank you for coming up to five nineteen on Wall Street Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak and Morning on Nathan Hagar. Let's get more perspective now and the life, legacy and the death of Queen Elizabeth the Second. We've been speaking with experts, historians and some of those who knew the queen personally. Bloomberg Daybreak Europe bankers Caroline Hecker and Stephen Carroll have

been leading our coverage. Will hand it over to them now for a discussion with a former parliament member who knew the queen quite well. Joining us now is Mary McLeod, who is a former Member of Parliament and policy adviser to Queen Elizabeth the Second. Good morning, Mary, thank you so much for being with us. It is a sad

and a historic moment for the people of Britain. How in your view will the Queen be remembered, Well, it's absolutely a real deep sense of loss across the United Kingdom and you know, or most of us, and she's been there throughout her whole lives, so we have had that steadfastness unseen a hern and she tried with her of course, such a history of not just this country,

bit of countries are around the world too. But she will be remembered I think really as an as an inspiration and I mean I grew up thinking I could achieve anything. There was a female monarch, our female prime minister. I mean it's really she has been there for for everyone throughout their lives, and it's her devotion in her life of service. A real selfless leader is how I

think everyone is is remembering her. But it's her humility, her dignity, her grace, her warmth, her kindness, that dedication and the wisdom that came with it from all those years of service. But very thoughtful, her curiosity about everyone she met and wanting to listen to them and hear them. And when you spoke to her, you thought you were the most important person to her in the room, and she really did listen and engage with humor as well,

but really strong values. But that sense of duty came across above all else, and and she remained engaged and working until the very end. So I think she just touched the hearts of people around the world and united as all as a nation. Mayor you advised the Queen. We can hear the warmth in your voice when you talk about her. What are some of your personal memories

of her? Well, I was in working with the royal family and just after the death of the Princess of Wales and and it really was a difficult time, but again the wisdom that the Queen has shone through it every turn. I mean, if you look at all the things that I was in proposing and suggesting in terms of changes to the monarcure they're roll family and briefing her and cares of national life, she absolutely listened, engaged, and and kept changing and adapting the way they did things.

And I think that tells I think leaders everywhere just how you keep relevant for the moment you're in because you have to look at and she did. She looked at what people wanted and needed across the country, and that was her that again, that sense of duty, that that enabled her to be there for everyone. And that's why, you know, I sort of feel she was our strength

and stay through that. But I remember the first dinner that I had with her when I met her, and it was a very small private dinner and they and I just laughed the whole evening because she had so many stories to tell. She had this wealth of history behind her and the people that she had met and the situations that she'd been in, and so, you know, we she told story after story, and she definitely had a real sense of sense of humor and could really

tell those stories. And and that's why everywhere she went, you know, she she loved engaging with people because those are the things that she would recount at at later times. And and it's with you know, some lots of examples of a men's kindness where she just thought of others rather than herself. Well, upon the death of Queen Elizabeth at the second, of course, the new head of state is King Charles the Third. What sort of king do

you think Charles will be? Well, I think he's learned from the best, so I think her qualities will live on in in our new King and Charles the Third. And he has been by her side, supporting her, and I think that is the best learning that you could could ever have. And he's seen her deal with the

good times the difficult times. He's listened to her wisdom and advice, and therefore, you know, he takes this new role on with that wealth of experience now that he has been part of in for as long as he's been been been alive, and I think that to me m And also I mean we've seen over the years where he has been involved in so many interesting campaigns where it's the incredible work he's done with the Prince's trust, or even being a real campaigner and champion of environmental change,

which which he did before it was you know, something everyone else was talking about. So he certainly has led the way on on many things and I think he will absolutely in a following her footsteps and and do the country prode our. Thanks to Bloomberg Daybreak ere bankers Caroline Hecker and Stephen Carroll for that conversation with Mary McLeod,

a former parliament member and advisor to Queen Elizabeth. The second stay with US for continuing coverage on the death, life and legacy of the Queen as Bloomberg Daybreak America's continues here on Bloomberg Radio. Looking ahead to the market, open futures are moving higher. We have SMP futures up thirty three points, the futures up two, NASAC futures on the rise by one points. The tenure treasury is up twelve thirty seconds, the old close to three points to

seven per seven. This is Bloomberg Bloomberg eleven three oh weather mostly sunny, the high near eighty degrees today, will have increasing clouds tomorrow afternoon, hazy highs in the low eighties. Probably the mostly cloudy Sunday with highs in the low eighties. Right now sixty four in Central Park, broadcasting live from

the Bloomberg Interactive Broker Studio in New York. Bloomberg evan CREO to Washington, d C, Bloomberg N one to Boston, Bloomberg one O six one to San Francisco, Bloomberg NOM sixty to the country, Sirius XM CHO one nine ten, and around the globe the Bloomberg Business app 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 Kared Moscow. We are just about four hours away from

the open of US trading. Let's get you after date of the news you need to know at this hour. Reactions still pouring into the death of Queen Elizabeth the Second Britain is the longest reigning monarch, passed away peacefully at Balmoral at Balmoral Council in Scotland yesterday at the age of ninety six. Prime Minister lest Trust was the first to pay honor to the life and work of

the Queen. With the passing of the Second Elizabethan age, we are sha in a new era in the magnificent history of our great country, exactly as her Majesty would have wished by saying the words God Save the King. Prime Minister lesz Trust called the Queen the rock on which modern Britain was built, and King Charles now ascends to the throne, a process that will be formalized in a ceremony tomorrow. Karen the Queen is being honored by world leaders and public figures far and wide, being remembered

fondly for her poise and Grace. We spoke with former U S Ambassador Anthony Gardner about the Queen's legacy. She was respectful the limits of her office, but she understood also that she could act society significant influence by being a symbol, by being a steady hand at moments that were pretty turbulent, a model of public service. And I think you know that that resonates especially today. Queen Elizabeth's reigns spanned fifteen prime ministers. She marked seventy years on

the throne just this year. Well, now, Nathan, King Charles the Third ascent to the top of the monarchy. The formal proclamation is expected tomorrow and will be followen by a speech by the new King. Jonathan Spangler is a Royal historian and senior lecturer at Manchester Metropolitan University. It will be very interesting over the next couple of months to see how much King Charles the Third wants to change things. But I have to say that a lot

of the changes I think have already been made. The slimming down of those who actually work and are paid to work in the British country and around around the world has been significantly reduced, and the amounts of ceremonial that the family does it. States Day activity says also quite significantly been reduced. Jonathan Spangler is a Royal historian and senior lecturer at Manchester Metropolitan University. Stay tuned for more of that conversation coming up shortly on Bloomberg Daybreak.

Right now, SMP futures caring are up thirty two points down futures up two one and NAZDAC features are hired by a hundred twenty nine points. The ten year treasury is up eleven thirty seconds. The yield now three point to seven percent, yield on the two year three point four seven percent. Straight ahead, we'll bring you your latest local headlines and a check of sports. This is Bloomberg, thirty three on Wall Street, sixty four degrees in Central Park.

Constructions got the New Jersey Turnpike truck lanes closed both ways. Details coming up in traffic. First John Tucker with what else is going on in New York and around the world? John Nathan a warning from New Jersey to New York stop plants for congestion pricing. Let's get this story from Bloomberg's Lisa Mateo. New Jersey Governor Phil Murphy tells Bloomberg, New York City's congestion pricing proposal would be a huge burden on commuters. Not that I'm against bet against against pollution.

We're all for that, but it can't be taken out of the backs of New Jersey commuter. Murphy was on Bloomberg's Balance of Power with David weston Manhattan congestion traffic pricing would have a proposed per car toll of as much as twenty three dollars. People driving from New Jersey paytrolls at three river crossings, and Murphy has said he would block any attempt to charge them twice Lisa Mateo

Bloomberg Daybreak. President Biden took a McDonald Trump for promising Departon rioters who attacked the capital and warrent voters against putting Trump's followers in charge of the House or Senate in November's elections. Those who love this country, democrats, independence, and mainstream Republicans have to be stronger, more determined, more committed to saving American democracy than the magi Republicans are

to literally destroy an American party. He spent bunch of an address at the National Harbor Resort assailing the former president and those who continue to back him. After the insurrection of January six, the Justice Department will appeal a federal judge's order for a special master to review documents the FBI c s from former President Trump's Florida home. They say the ruling has thwarted a review of the potential national security impact. A Ukrainian counter offensive appears to

be progressing. This morning. Ukrainian officials and Russian military blockers alike described the counter offensive in the north that is surprised in its speed, the first time since the war that began, that the Ukrainian forces have been able to push past Russian defenses on a more than tactical level. Global News twenty four hours a day on Aaron on Bloomberg Quicktake. We're powered by more than twenty seven hundred journalists and the analysts in more than one twenty countries.

I'm John Tucker, and this is Bloomberg Nathan. Thank you, John on Wall Street. Time for the Bloomberg's or It's update. Here's John. Thanks Dathan. Yankees for going for four game sweep with the Twins. They took an early lead on Miguel and do our two run homer Minnesota went ahead on Carlos careas two run shot in the eighth. Yanks got closer, but they left the tying run at third

base in both the eighth and ninth innings. Minnesota with a rare win over the Yanks four to three, so the Yankee lead over Tampa Bay is four and a half. They host the red Hot raised tonight Metzer in Miami at the US Open. Easy semifinal win for Ans Jabir of Tunisia needed just over an hour. She'll face the top seeded Eigas Giantek in tomorrow's women's Finalsante lost the first set with the Arena Sabolenka and was down a

break in the third before she rallied to win. Francis Tiafo takes center stage tonight at ar Thresh stating the first American and it grants them men's semifinals its two thousand and nine. He'll play Carlos Alcarez and Tiafa will have home court advantage playing in front of that crowd. Um, like you know that's why you trained hard, and um, um, don't shy away from and go to it. And I love playing front of back people. I love you know I can do first man Semi This after and Cassiper

route of Norway against Karen kitschn Off. When you went the super Boy get to host the first game of the following season to the Rams back in the same stadium when they wanted a Buffalo dominated the second half, won the season open a thirty one to ten a game of seven turnovers. Josh Allen threw for nearly three

d yards three touchdowns. He ran for fifty six yards and another score w NBA Playoffs, The Connecticut Son finished the game an eighteen nothing run, one of the sights of Game five with defending champs Chicago will now play Las Vegas for the title. John Stash, Howard Bloomberg sports Nathan, Thank you John. It's seven on Wall Street time for the Tri State Business Report. Here's Bloomberg's at Cory Manhattan Landlord GFP. Really State is dangling free tickets to the

Giants and Gents games. The lure workers back to their offices. Employees of Tenants and g FPS buildings, which include five Eighth Avenue in fifteen sixty Broadway, can enter daily to win tickets to regular season home games. Amazon chief execut to Officer Andy Jansey says the company's efforts to overturn a union victory in a New York warehouse will take a long time to play out. It's an indication that the e commerce giant plans to contest that election vigorously.

Meta Platforms rebrand from Facebook allegedly infringes the trademark of investment advisory service Meta Capital Management. That's according to a lawsuit filed Wednesday. New York based Meta Capital is demanding that at least sixty million dollars and damages be paid the amount of Meta paid to buy the trademark from Meta Financial Group. That your Bloomberg Trying State Business Report. IM D Corey, Thank you at It's five thirty eight on Wall Street. Bloomberg Radio is on the Earth 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. M Corney, Donaho on ker l D and Dallas Aviation unions are calling for unified action to tackle travel challenges. I'm Denise Peloguini at on w b Z in Boston. I'm reporting on weakening demanded firearms

maker Smith and Wesson. I'm Caroline HEADGILM Bloomberg d a B Digital Radio in London, Whipping reporting on reactions to the death of Britain's longest serving monitch, Queen Elizabeth the Second. I'm d Corey on w w J in Detroit. I'm reporting Henry Ford Health has named its interim president and CEO to the job on a permanent base. And those are some of the stories our hundred Bloomberg journalists and analysts are working on this morning around the world. We're

coming up to thirty nine on Wall Street. The following is an editorial from Bloomberg Opinion. This editorial was written by the Bloomberg Editorial Board. The recent death of Queen Elizabeth the Second marked the end of one of the most remarkable public careers in modern history. Amid geopolitical upheaval, social turmoil, and technological revolution, the Queen's decency and grace brought stability to britt and endeared her to generations all

over the world. Considering the transformation of British society that took place over her seven decade reign, perhaps her most striking achievement has been preserving the institution of the monarchy itself. While support for the monarchy has slipped in recent decades, a solid majority of Britain's wanted to continue. That's a testament to the Queen's leadership. As she demonstrated one last time during the COVID pandemic, Elizabeth served as an enduring

symbol of reassurance, diligence and integrity. For that, she deserves the world's admiration. This editorial was written by the Bloomberg Edatorial 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. At this time, terminal customers can read more head O P I n go, SMP futures are higher by thirty three points down futures up

two hundred forty three. Nasdaq futures leading the games up one one points. The tenure treasury is up eleven thirty seconds. The yield three point to seven per cent. You're listening to Bloomberg at daybreak Bloomberg eleven three oh Weather mostly sunny, the high near eighty today, increasing afternoon clouds Tomorrow, hazy highs in the low eighties. Sunday will be in the low eighties under partly the mostly cloudy skies. Right now

sixty four degrees in Central Park Markets. Headlines and breaking news twenty four hours a day at Bloomberg dot Com, the Bloomberg Business at and at Bloomberg Victap. This is a Bloomberg Business lash and I'm Karen Moscow. Futures on the rise this morning, SMP futures up thirty points down, futures up two hundred sixteen, NASTAG future hundred twenty seven and the ten year treasury up thirteen thirty seconds here at three point to six percent. And as a Bloomberg

Business Flash. Now, here's John Tucker with Moore on what's going on around the world. John Karen Charles, the eldest of Queen Elizabeth's four children, will be formally proclaimed King of England and a ceremony tomorrow he becomes the oldest person to ascend to the throne. Here are the US. The Justice Department is appealing a federal judges order for a special mastery in the Trump documents case. The d O J. Says the ruling thwarts a review of the

potential national security impact sports. NFL season kicked off last night with the Buffalo Bills beating the reigning champion Los Angeles Rams one to ten. Yankees fell to the Twins four to three, the Nationals winners over the Cardinals, Reds beat the Cobbs, Marlon's beat the Phillies, the White Sox one big over the Gates, and the Brewers swept the Giants at a double header. Global News twenty four hours

a day on air in a Bloomberg Quicktake. We're powered by more than twenty seven hundred journalist and as more than one dwenty countries. I'm John Tucker. This is Bloomberg. Nathan all right, John, thank you. It's five forty eight on Wall Street Live from the Bloomberg Interactive Broker Studios. This is Bloomberg Daybreak. I'm Nathan Hager. Let's get more perspective now in the life, legacy and the death of

Queen Elizabeth the Second. We've been speaking with experts, historians, and some of those who knew the queen quite well. Bloomberg Daybreak Europe Bankers Caroline Hepger and Stephen Carroll have been leading our coverage. We'll hand it back to them now for a discussion that brings us historical perspective on the Queen's rain and what's next for Buckingham Palace. We're joined that by Jonathan Spindler. He's a Royal historian and

senior lecture at Manchester at Metropolitan University. Jonathan, good morning to you. Thank you for joining us. How would you characterize the rain of Queen Elizabeth the Second? I think it's easy to say that this has been a really transitional rain um and really has moved the United Kingdom, or the monitory of the United Kingdom from uh historical era into the modern age, with really the closing down of the British Empire and the expansion of the British Commonwealth.

Your work focuses on monarchies in other parts of the world. How unusual is it the length of her reign in

the context of other European monarchies. How unusual is it? Well, it's unusual in that for this particular country, um, the last seven years has been interestingly tumultuous, and there's been so much changed, But really there have been other reigns, you know, the different countries that have been very long Louis the fourteenth reigned for a very long time um or within this own country Towards the Third in the

eighteenth century reigned for a very very long time. So there have been examples, and I think what it does is it underlines the importance of fate or simple genetics for these dynasties, of who lives for a long time and who doesn't. How has the British monarchy changed under Elizabeth the Second. I think you could say that it's certainly modernized, not at the same rate as the other European monarchies. The Dutch, for example, become quite famous as

the bicycling monarchy UM. But certainly they have opened up quite a lot to media scrutiny UM and tried to relax a lot of the formalities that would have existed in the nineteen thirties forties. It was the Second was a child UM. So some of the mystique or the mystery of medieval and early modern monarchy is gone um. But compared to a lot of the European monarchies, it still remains. Yes and sees this is also a moment though of transition of succession how much does a monarch

change the monarchy. That's one of the few areas really that the monarch really does still have control is over the dynasty and how the monarchy does work. Obviously, in consultation with with other people involved, um, it will be very interesting over the next couple of months to see how much King Charles the Third wants to change things. But I have to say that a lot of the changes I think have already been made in the last

four or five years. The slimming down of those who actually work and are paid to work in the British um country and around around the world has been significantly reduced already, and the amount of ceremonial um that the family dosidant stage day activities has also quite significantly been reduced in the last twenty years. How is that comparable though, to monarchy's elsewhere in Europe? I think of the example of the Dutch king who flies for KLM and his

spare time. It is a different picture here in the UK, it is quite different, and I think every monarchy has its own context. So for example, the Dutch monarchy wasn't really founded until the eighteenth century or even the beginning of the nineteenth when we were already in this more republican democratic era um as the English and the Scottish monarchy then joined together, stretched back to the very very

beginnings of the Middle Ages. And yeah, I think in terms of of the sort of tributes now though that are being paid to Queen Elizabeth the Second, I mean her it was her personality as well as her position that was so influential. That means the sort of tributes are now pouring in from around the world. She simply met so many important people and had a front row to so much history, and yet of course never gave an interview. We know so little about her own thinking

around the world. But she was, you know, is being recognized now by so so many leaders around the world. How do you think that they look upon that? You know, what, what do you make of the tribute? Well, I think it does make sense. I mean, most of the world leaders have only known one Queen of England and so

there is this sort of constancy there. And the very fact that Elizabeth the second always did everything in the right way, um was a real tribute to her character and the reliability she had on how her ancestors performed the role, which she then brought into her own reign.

What does that tell us then about what King Charles the Third may do and how it will change things within the royal court as well as the Queen has not only been a public head of state but also the leader of her own her own court in in the royal family as well well. I think that um, he has already been known to have a lot of ideas, particularly about the environment and global energy, and so I think that there might be a bit more of an

emphasis on modernizing the monarchy along those lines. Um. But we've also seen throughout history many heirs will suddenly take on the persona of the their predecessor the moment they exceed to the throne. So I think it remains to be seen. Our thanks to Bloomberg Daybreak Europe bankers Caroline Hepcker and Stephen Carroll for that conversation. They were speaking with Jonathan Spengler, royal historian and senior lecturer at Manchester

Metropolitan University. Up next, we turned to another conversation on the Queen and her historical impact on the monarchy, Britain and the world. This time Caroline and Steven speak with Dr Elena Woodacre. She is a reader in Renaissance history at the University of Winchester and a specialist on female monarchs. Let's listen into that conversation now with Dr Elena Woodacre. You're a specialist in female monarchs, and I think it's not lost en us that we now have a third

female prime minister in Britain. The Queen meant a great deal. She was mother and grandmother and a female head of state and most unusual. Absolutely, and obviously this country has a particular affinity if you like, for for regnant Queen, going right back to we could say married tutor or

lady Jane Gray in the sixteenth century. And even Winston Churchill, on the Queen's accession commented on how Britain has always been kind of lucky and it's regnant Queen's think of Elizabeth the First as well, another long say serving and very kind of significant historical monarch who gave her name to the first Elizabethan age, and of course Queen Victoria as well, so yes her that that maternal nature again.

She came to the throne as kind of a glamorous young woman, and then of course you became kind of mother and again grand grandmother to the nation as well. So yes, that that that kind of female side of her made her perhaps more approachable in a way as well. Does that mean that there will be a change in the monarch? You know that we have King Charles. Absolutely

everything is going to feel significantly different. We are going to just be changing everything from her majesty to his majesty's, from God Save the Queen to God's save the King just right in the literal nomenclaims. Sure, there's going to be a change which is going to be significant. But yes, there is a huge difference from when the Queen on her accession again as the glamorous young woman to the

nation really took to their hearts. And obviously Charles has in a very different position, very different position, indeed, taking over the throne after the longest reign in history. That was Dr Elena Woodacre, a specialist in Renaissance history at the University of Winchester. She spoke this morning with our Bloomberg day Break europe bankers Caroline Heiker and Stephen Carroll. Stay with us for continuing coverage on the death, life and legacy of the Queen Karen right even thank you.

It is five fifty six on Wall Street. Return to the markets now. Stocks in US stock index futures are advancing as investors assess whether monetary tightening to tackle inflation in the US and Europe is getting closer to being priced in a gage of dollars, strength dropping the most in a month. Looking at europe Stock six hundred index, it's jumping about one point four percent as miners rally on optimism over Chinese demand. Will banks search following the

European central banks record rate hike. Futures are also higher. S and P futures are up about thirty points down futures up two hundred fifteen and nastack futures up one hundred twenties six. The decks in Germany is up one point two percent. CAC in Paris up one and a half percent, So it's the foot see one hundred ten year treasury up thirteen thirty seconds. You have three point to six percent. They yield on the two year three

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