Susanna Palmer, Bill Trapero, Michael Barr discussed on Bloomberg Business of Sports
Flooding in the south, record breaking heat out west, the former courtesy of Tropical Storm Claudette, who made landfall last night and has homes taking on water from Louisiana all the way over to Florida. The ladder and expected to smash records in Nevada, Arizona and New Mexico. A federal judge is agreeing with the state of Florida in a lawsuit over the CDC rules restricting the cruise industry. The judge's ruling changes the C D C requirements to recommendations for cruise goers who embark from a Florida port. A 19 year old man is in jail for an alleged shooting spree and Arizona police link the team to eight different incidents across three cities northwest of Phoenix. One dead 12 injured. At least two people are dead following a plane crash in southern Georgia. One victim is said to be a recent high school graduate, the other a middle aged man because of that crash is under investigation. I'm Bill Trapero and I'm Susanna Palmer in the Bloomberg News Room. A big week ahead in New York City politics Early voting for mayor. Another races ends tomorrow and Primary Day is Tuesday. Ahead of that, in an interesting alliance, Former Sanitation Commissioner Catherine Garcia and entrepreneur Andrew Yang agreed to campaign together today in each other's political strongholds. The team up aims to take advantage of the dynamics of the city's new election system, which allows voters to rank their choices at the expense of the front runner, Brooklyn borough president Eric Adams. You can hear coverage of the primaries Tuesday, starting at seven PM here on Bloomberg Radio. Investors are still heading for the exits at Renaissance Technologies, pulling $11 billion from the quant giant in seven months. More from Bloomberg's Charlie Pellet, according to investor documents seen by Bloomberg. Disgruntled by sub par returns, clients have now redeemed or asked to redeem more than a quarter of the capital. That Renaissance manages in hedge funds with outside money from December to February, clients polled or asked to pull about $5 billion from the funds. That was followed by about six billion more through June, according to the documents. While redemptions peaked in April, they did slow in May and June Charlie Pellet Bloomberg radio. Investors are still trying to figure out their next move following the Federal Reserve's signal this week that it may raise short term interest rates twice by late 2023. That's earlier than expected. Matt Horne back is head of global macro strategy at Morgan Stanley At the last press conference, Powell essentially paid lip service to inflation and focused a lot on the labor market. I think he did the exact opposite. Earlier this week, he paid lip service to the labor market and spent a lot of the time focusing on inflation. For the week. The S and P 500 was down 1.9%. The Dow fell. 3.5% and the NASDAQ fell 3/10 of 1% this week Global News 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts and more than 120 countries. I'm Susanna Palmer. This is Bloomberg. You're listening to Bloomberg Business of Sports from Bloomberg Radio. Thanks so much for joining us. I'm Jason Kelly alongside Michael Barr and Mike Lynch. Every week. At this time, we're talking to the biggest names.