James Comer, North Korea, Bill Congressman James Comer discussed on Bloomberg Daybreak

Automatic TRANSCRIPT

To the president's larger economic agenda move opposed by moderates and Republicans We spoke with GOP congressman James comer of Kentucky You're not voting on simply one bipartisan infrastructure Bill Your vote on two bills now that have been coupled together and it's just unacceptable to just about every Republican up here what's in that budget reconciliation bill Congressman James comer spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio And is the infighting over those bills continues Karen President Biden attended last night's congressional baseball game to lobby for his agenda He handed out ice cream bars during the charity game at nationals park trying to broker a deal among Democrats on the field Republicans won for just the second time in the last 12 matchups Well Nathan President Biden is also waking up to a foreign policy conflict this morning North Korea's Kim Jong-un is targeting The White House with a verbal assault just hours after its latest missile launch and we get the details from Bloomberg said Baxter We haven't heard much from Kim over the last few months Recently he's gone back to testing missiles and has asserted that the latest one is boosting his nuclear weapon effort Now he says saying is the actions of the past 8 months of the U.S. administration have clearly shown U.S. Military threatened hostile policy toward North Korea has not changed at all Washington's North Korea policy is becoming more cunning saying he would step up new weapon developments to deter any possible military provocations by hostile forces In San Francisco I'm at Baxter Bloomberg daybreak All right Ed thank you Turning to markets now inflation and supply chain concerns remain front and center this morning But the biggest names in central banking are saying those concerns will likely fade Bloomberg's John Tucker joins us live at details Good morning John Good morning Nathan taking part in a virtual panel event The fed chair J pal reiterated the current spike in the rate of inflation is temporary Current inflation spike is really a consequence of supply constraints meeting very strong demand The pal also says it's difficult to say how big the effects will be or how long they will last His comments were echoed by the European Central Bank president Christine Lagarde and Bank of England president Andrew Bailey says the big challenge now is how to get through this period of uneven growth live in New York I'm John Tucker Bloomberg daybreak All right John thank you While the economic outlook for China is also in focus this morning the country's official PMI reading contracted in September for the first time since the pandemic began We gave the details from Bloomberg daybreak Asia anchor Brian Kurdish The data reflect a power crunch that has hit an already slowing economy The PMI declined to 49.6 from 50.1 in August against an estimate of an even 50 The non manufacturing gauge improved to 53.2 That was well above the estimate And the taishin index of smaller companies came in at 50 right on the button No one is happy about a contracting PMI but in some ways there's resilience here At least 20 provinces had restricted use of electricity in September I'm Brian Curtis Bloomberg daybreak All right Brian thank you So inflation concerns slow down in China Those are some of the many concerns on Wall Street Today but what are the biggest market risks Bloomberg's Anita young joins us live with more Good morning Grenada Good morning Nathan Bloomberg news is asking some well-known names on Wall Street What they see as the biggest risks for investors Now while we hear a lot about inflation concerns Cathy wood at our investment management says she sees deflation as the biggest danger The traditional GDP numbers we're going to be seeing are going to be very low and growth will seem very scarce I think it will proliferate over time Cathy wood says her concern is tied to supply chain issues and a lack of innovation from some companies More on her comments coming up in the next ten minutes Plus the view from Guggenheim investments chairman Scott minerd and Allianz economic adviser Muhammad el Arian Stay tuned for that Live in New York I'm Renee young Bloomberg daybreak All right we need.

Coming up next