17 Burst results for "Nathan President Biden"

"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:20 min | Last week

"nathan president biden" Discussed on Bloomberg Radio New York

"Barr is here with what else is going on in New York and around the world, Michael. Thank you very much, Nathan. President Biden took part in the democratic fundraiser in New York City last night. The event on the eve of his address to the UN General Assembly featured mayor Eric Adams and actor Robert De Niro. He raised about $2 million for the party. The event with about a hundred people was held at the Manhattan home of designer and democratic activist Henry munoz. New York mayor Eric Adams said he is ending the city's COVID-19 vaccine requirement for private sector workers on November 1st, one of the last remaining restrictions of the pandemic. Adam says, though, city government workers will still need to be immunized against COVID. Vaccinated brokers have carried out their jobs and they stepped up when the city needed them the most and we think it's imperative to send the right message and lead by example. Mayor Adams also said the city is dropping a requirement that students who participate in after school activities be vaccinated. Hurricane Fiona is likely to strengthen to a category four storm as it approaches Bermuda on Friday. Philippe papen with the national hurricane center says Fiona remains a category three major hurricane with maximum sustained winds of a 125 mph. Bermuda has a tropical storm watch will be talking with them a little bit later to see if they are going to be potentially upgrading that to a warning. And the storm should be passing by basically just to the west of Bermuda. Sometime on Thursday night or early Friday morning. The national hurricane center is Philippe papin says Fiona blasted the Turks in Keiko's islands after devastating Puerto Rico. The special master tasked with inspecting the document seized in an FBI search at Mar-a-Lago met with lawyers from the Trump team and Justice Department. Raymond diary said he intends to push briskly through the review process. He appeared skeptical of the Trump team's reluctance to say whether it believed the records had been declassified. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts more than a 120 countries, I'm Michael Barr. This is Bloomberg Nate. Thanks, Michael 5 35 on Wall Street time for the Bloomberg sports update with John stencil. All right, Nathan, Yankee fans went to the stadium to see some history, four times Aaron judge had come to the plate. Everyone

Eric Adams President Biden Henry munoz COVID Bermuda Mayor Adams Hurricane Fiona Philippe papen national hurricane center UN General Assembly Robert De Niro New York Barr Nathan Fiona Philippe papin New York City Manhattan Michael
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | Last month

"nathan president biden" Discussed on Bloomberg Radio New York

"It's 5 30 on Wall Street. Good morning, I'm Nathan Hager. And I'm Karen Moscow, we are just about four hours away from the open of U.S. trading. Let's get you up to date on the news you need to know at this hour, futures are bouncing back after two straight days of losses on Wall Street. The S&P 500 and NASDAQ 100 posted their worst two day tumble since mid June following a fed chair Jay Powell's hawkish comments on Friday. Terry speth is chief investment officer with Zuma wealth. The markets are spooked because they're afraid that the fed could create a hard landing. Looking forward into September, what we're going to want to try and anticipate is if we see a 75 basis point rise, which I think is a very high probability of increasing probability is that digested as bad news or as good news. Sumo wealth CIO Terry spath says she expects continued market volatility in the short term. While the market may have been rattled by Powell's speech, Karen, Minneapolis, fed president Neal kashkari says he was comforted by the selloff. I was actually happy to see how chair Powell's Jackson hole speech was received. You know, people now understand the seriousness of our commitment to getting inflation back down to 2%. Minneapolis fed president Neil kashkari spoke on the odd lots podcast with Bloomberg's tracee alloy and Joe wiesenthal listened to the entire interview wherever you get your podcasts. Well, Nathan, interest rates are in focus in Europe, ECB chief economist Philip lane seemed to question the idea of a 75 basis point hike at next week's meeting. If we think about the next couple of years, we're not necessarily going to be that long run steady state. We may have cyclical forces in either direction that say that the policy rate should be evolved neutral rates. We may have cyclical forces that may say at the policy rate should be below that rate. ECB chief economist Philip lane is urging a steady pace of rate hikes to fight in record inflation. To politics now Karen Bloomberg news has learned the Biden administration's preparing to sell $1.1 billion in missiles and radar support to Taiwan, which will likely increase tensions with China. Well, back at home, Nathan, President Biden will deliver a prime time speech this week, escalating criticism of what he calls extreme maga Republicans. It comes as the president is seeing his approval ratings improve ahead of November midterms. Bloomberg political contributor Jeannie Sheehan Zeno says for Democrats, one strategy will be keeping former president Trump in the news. The political reality is the more Donald Trump is in the news, the better for Democrats. And that's been reality. So, you know, the more Trump the better for them. And Bloomberg politics contributor, Jeannie,

Neal kashkari Nathan Hager Karen Moscow Jay Powell Terry speth Zuma wealth Philip lane fed CIO Terry spath Powell Joe wiesenthal Minneapolis ECB Bloomberg Nathan Karen Bloomberg Biden administration U.S.
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:19 min | 2 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Hager And I'm Karen Moscow in U.S. stock index futures on the rise this morning we're coming up to 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg and S&P futures are up about 26 points down futures up a 157. And NASDAQ futures up about 73, the ten year treasury, little change, yields 2.98% and a yield on the two year 3.16% and nymex crude oil is down three tenths of a percent. Nathan. Karen, we begin with a growing number of companies clamping down on hiring. It's a trend showing up in firms from tech to banking. Let's get the latest live from Bloomberg's we need a young good morning granita. Good morning, Nathan. Bloomberg sources say apple is putting a lid on hiring to limit spending. Leaders have not adopted a company-wide policy, but this more cautious approach mimics moves by Amazon and Microsoft. And it's more evidence that even Silicon Valley is worried about an impending recession. Now Goldman Sachs also plans to slow hiring to rein in expenses, CFO Dennis Coleman says Goldman could also reduce the pace of replacing staff it loses because of attrition and will reinstate annual performance reviews. Live in New York, I'm Renee young Bloomberg daybreak. All right, we need to thank you. We're also seeing a tepid outlook from another big name in tech shares of IBM or down about 5% in early trading. The company is lowering forecast for free cash flow this year due to the impact of a strong dollar and the loss of business in Russia. Bloomberg's Shirley pellet has more. The revision overshadowed results the top analyst estimates signaling that demand for mainframe computers consulting and cloud services remain strong amid concerns of a pullback in tech spending. IBM said it estimates free cash flow of $10 billion this year at the low end of a previous range of ten to $10.5 billion. Chief financial officer Jim Cavanaugh said the reduced range is not a result of a broader business slowdown In New York, Charlie pellet Bloomberg daybreak. All right, Charlie, thank you, earnings continue to roll in with ten companies in the S&P 500 reporting today this afternoon we hear from Netflix, Bloomberg's Tom busby has a preview. Well, the keeper investors will be subscriber losses for the second quarter, which the streaming giant predicted could total 2 million in its previous earnings report in April when it announced its first ever subscriber losses. Also of note whether the blowout success of the latest season of Stranger Things may have helped Netflix keep some subscribers, and its new crackdown on password sharing now in effect in 5 Latin American markets. Bloomberg consensus calls for earnings per share of $2 91 cents, revenues of just over $8 billion. Tom busby, Bloomberg, daybreak. Tom, thank you. Now to the latest in Twitter's legal dispute with Elon Musk, Twitter is dismissing Musk's complaints that he does not have enough information about spam and robot accounts. The company calls it an irrelevant sideshow and wants to judge to hold a trial as soon as possible over Musk's cancellation of his $44 billion takeover. Watching Bitcoin rise this morning, Karen, but it's off its highs for the day. In fact, earlier Bitcoin almost hit 23,000. The cryptocurrency has struggled to escape a 19 to 22,000 range as investors lick their wounds from the recent route. Martin Chavez from 6th street partner says the time has come to finally regulate the crypto market. Regrettably, we usually wait until some calamity before there is regulation. And the question is always, was this calamity big enough or does there need to be another leg down before we have the appropriate regulation? Martin Chavez at 6th street partners made the comments in an interview on Bloomberg television will have more on the future of Bitcoin throughout the day as the Bloomberg crypto summit gets underway in New York. Well, turning to the global economy now, Nathan pressure is building on the European Central Bank, sources say the ECB may consider raising interest rates by more than expected this week because the worsening inflation backdrop. Sources say the Central Bank may raise rates by 50 basis points on Thursday that's double that 25 point high get outline just last month. Well, back here in the U.S., Karen prices the pump keep dropping. In fact, they've fallen for 35 straight days hitting a two month low. Triple-A says the nationwide average is just below four 50 a gallon, prices have fallen more than 10% since hitting a record last month. Climate change and focus at The White House, Nathan, President Biden is reportedly considering declaring a climate emergency as soon as this week details now for a Bloomberg's Amy Morris from our 99 one newsroom in Washington. Senator Jeff merkley of Oregon says climate legislation has no chance to get through Congress. Instead, he says the president should use the full powers of the executive branch to declare an emergency, which would give him the authority to redirect funds for clean energy projects or restrict offshore drilling and could even curtail the transport of fossil fuels. And now sources are telling The Washington Post that Biden is expected to announce additional actions aimed at curbing emissions as soon as this week. In Washington, I'm Amy Morris, Bloomberg daybreak. All right, Amy, thank you. Let's turn to Capitol Hill now where a computer chips are in focus. The Senate wants to quickly pass $52 billion in grants and incentives for American semiconductor makers. Senate majority leader Chuck Schumer says Democrats and Republicans are hashing out the final details. The legislation is a scaled down version of a larger bill intended to make the U.S. technology sector more competitive with China. Our supply chain issues are also in focus this morning, Nathan, treasury secretary Janet Yellen is calling on so called a trusted U.S. allies to help fix a supply chain, speaking in South Korea, Yellen called on U.S. partners to strengthen trade relationships with what she calls friend shoring. Princess is about deepening relationships and diversifying our supply chains with a greater number of trusted trading partners to purposes to lower risks for our economy and theirs. Treasury secretary Janet Yellen singled out China as a country on which the U.S. and others should be less reliant. Futures this morning on the Raj S&P futures up about 30 points down features of a 189 NASDAQ futures up 85. Straight ahead, your latest local headlines plus a check of sports, this is Bloomberg. Thanks Karen 6 O 7 on Wall Street 73° in Central Park as we get ready for a heat wave and

Bloomberg Tom busby Nathan Karen Moscow Martin Chavez Dennis Coleman Renee young Goldman Sachs Shirley pellet Jim Cavanaugh Charlie pellet Karen
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:03 min | 5 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Slash global trader Up first meta shares that more than 16% this morning NASA after earnings showed Facebook adding more users than projected Mandeep Singh is senior technology analyst at Bloomberg intelligence He says the overall report is strong despite missing revenue estimates Last time they gave us a surprise that they are spending an additional $20 billion on this reality labs That's the first time we learned about those numbers This time around they are saying they don't plan to increase it but they plan to pair back a little bit and the core Facebook and Instagram engagement seems to be holding up quite well Bloomberg intelligence analyst mandeep Singh says Facebook added more than 30 million new users in the quarter and big tech earnings will continue today Amazon and Apple report after the bell Turning to the economy Karen we get a reading on growth today U.S. GDP is expected to show a 1% gain when the figures come out this morning Well Nathan according to new findings higher inflation is affecting many Americans financial outlook and Bloomberg's ready to young joins us live with the latest good morning Rita Good morning Karen a Gallup poll shows less than half of Americans rate their financial situation as good or excellent in some 48% say it's worsening That's similar to levels seen a month into the pandemic and during the financial crisis of 2008 So what's driving the worry the survey finds that a record 32% of Americans rank inflation and a high cost of living as the most important financial problem facing their family today Live in New York I'm ranita young Bloomberg daybreak All right we need to thanks overseas the Japanese yen hit a two decade low against the dollar right now the yen is trading at one 30.24 Well Nathan President Biden delivers remarks on Ukraine later today as he prepares a proposal for Congress to ship more weapons meantime the Financial Times reports Germany and other European nations could open a ruble account to pay for Russian gas Patrick de Haan of gas buddy says uncertainty in Russia and COVID in China will continue affecting gas prices Certainly a very bumpy and volatile summer as we continue to see.

Mandeep Singh Bloomberg intelligence Facebook Bloomberg Karen NASA Instagram Nathan Amazon Rita Apple Nathan President Biden U.S. Patrick de Haan New York
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 6 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Just a minute first Michael Barr is here with more on what's going on in New York and around the world Michael Thank you very much Nathan President Biden says Congress must act on guns after the Sacramento shooting Biden is calling for banning ghost guns limiting gun manufacturer liability immunity and requiring background checks for all gun sales Sacramento police say at least two shooters are at large after killing 6 people and wounding 12 others early Sunday Mayor Darrell Steinberg says it's past time to deal with gun violence It is beyond time to have a sane conversation about guns in America We have a sickness It's a sickness in our country It's a sickness in our culture Mayor Steinberg says so far there was no motive for the shooting New York mayor Eric Adams talked about gun violence Adam says he talked to the president about the issue over the weekend We really have to have a combination We have to stop the flow of guns but we must also do the job of getting the guns off the streets that's on there now And my anti gun unit they're doing that just a few weeks out They removed over 20 something guns off the street Adam spoke on CBS's face the nation which can be heard Sundays on Bloomberg Jury selection is set to begin today in the sentencing trial of Parkland Florida school shooter Nicholas Cruz Jurors will decide whether sentencing him to death for murder from murdering 17 people in the 2018 massacre he confessed to opening fire at Marjorie Stoneman Douglas high school and already pleaded guilty to those crimes last October U.S. airlines are restoring service after bad weather and staffing issues contributed to more than 3500 weekend flight cancellations So far today according to flight aware only about a 162 flights have been canceled Daniel Craig's return to Broadway in a new version of Macbeth has been temporarily halted after the actor contracted COVID-19 performances are canceled through Thursday Jon Batiste took home album of the year honors at last night's Grammys Ukrainian president volodymyr zelensky appeared in a video message during the show asking for support for the war in his country Tell the.

Michael Barr Nathan President Biden Mayor Darrell Steinberg Sacramento Mayor Steinberg Eric Adams New York Biden Parkland Florida school Nicholas Cruz Jurors Adam Marjorie Stoneman Douglas high Congress Michael U.S. CBS Daniel Craig Jon Batiste Macbeth Grammys Ukrainian
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 6 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Wall Street where 39° in Central Park We've got an accident on the inbound upper level the George Washington bridge the tales on the delays coming up in traffic first Michael Barr with more on what's going on in New York and around the world Michael Thank you very much Nathan President Biden is calling on Congress to take action against gun crimes after 6 people were shot and killed early Sunday in downtown Sacramento Police say three men and three women were fatally shot 12 others were wounded authorities say there were at least two shooters Sacramento mayor Darrell Steinberg says it's past time to deal with gun violence This sickness will be cured some day in this country Or we will destroy ourselves in this country Mayor Steinberg says a motive has not been offered Meanwhile New York mayor Eric Adams says he spoke to President Biden over the weekend about gun violence Adam says his crime task force has been out on the streets collecting illegal weapons 70% of those who were carrying the guns had prior violent offenses So we need to combine with that small number of people who are carrying guns with the large number of guns on our street and get both of us Adams spoke on CBS's face the nation which can be heard Sundays on Bloomberg The Senate Judiciary Committee is set to vote today on confirming judge katangi Brown Jackson to the U.S. Supreme Court a full Senate vote is possible this week It looks like President Biden has the votes to get his nominee to the Supreme Court judge Jackson would be the first black woman confirmed to the nation's highest court Daniel Craig's return to Broadway in the new version of Macbeth has been temporarily halted after the actor contracted COVID-19 performances are canceled through Thursday Craig stars in a revival of Williams Shakespeare's tragedy Other high profile shows on Broadway have had canceled shows due to their lead actors contracting the virus including both the music man leads Hugh Jackman and Sutton Foster John batiste was the big winner at last night's Grammy Awards with 5 including album of the year silk sonic took home record of the year Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts more than a 120 countries Michael Barr this is Bloomberg Nathan All right.

President Biden Michael Barr Nathan President Biden Mayor Steinberg Eric Adams Sacramento Darrell Steinberg Central Park Senate Judiciary Committee George Washington New York katangi Brown Jackson judge Jackson Supreme Court Congress Michael Craig stars Williams Shakespeare Adam
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 6 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"The southbound van wyck by the Nassau expressway details coming up in traffic first Michael Barr with more on what's going on in New York and around the world Good morning Michael Good morning Nathan President Biden says Congress must act on guns after the Sacramento shooting Biden is calling for banning ghost guns limiting gun manufacturer liability immunity and requiring background checks for all gun sales Sacramento police say at least two shooters are at large after killing 6 people and wounding 12 others early Sunday mayor Darrell Steinberg says it's past time to deal with gun violence It is beyond time to have a sane conversation about guns in America We have a sickness It's a sickness in our country It's a sickness in our culture Mayor Steinberg says so far there is no motive for the shooting New York mayor Eric Adams talked about gun violence Adam says he talked to the president about the issue over the weekend We really have to have a combination We have to stop the flow of guns but we must also do the job of getting the guns off the streets that's on there now And my anti gun unit they're doing that just a few weeks out They removed over 20 something guns off the street Adam spoke on CBS's face the nation which can be heard Sundays on Bloomberg Jerry selection is to begin today in the sentencing trial a Parkland Florida school shooter Nicholas Cruz Jurors will decide whether sentencing him to death for murdering 17 people in the 2018 massacre can take place He confessed to opening fire at marjory Stoneman Douglas high school and already pleaded guilty U.S. airlines are restoring service after bad weather and stabbing issues contributed to more than 3500 a weekend flight cancellations So far today according to flight aware only about a 162 flights have been canceled Daniel Craig's returned to Broadway in a new version of Macbeth has been temporarily halted after the actor contracted COVID-19 performances are canceled through Thursday John batiste took home album of the year honors at last night's Grammys Ukrainian president volodymyr zelensky appeared in a video message during the show asking for support for the war in his country Tell the truth about war on your social networks on TV support us in any way you can anybody not silence And.

Michael Barr Michael Good Nathan President Biden Sacramento Mayor Steinberg van wyck Eric Adams Darrell Steinberg Bloomberg Jerry New York Parkland Florida school Biden Nicholas Cruz Adam marjory Stoneman Douglas high Congress U.S. CBS John batiste Daniel Craig
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:21 min | 8 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"In history Nathan Facebook parent meadow plunged 26% erasing $251 billion in value There could be a silver lining for CEO Mark Zuckerberg though and we get the details lie from Bloomberg's Renee to young good morning Renee Good morning Karen the big question is if Facebook users are flocking to TikTok should it be considered competition And if so the more challenging landscape adds muscle to fight a pending government lawsuit against meta Since med has earnings miss CEO Mark Zuckerberg has cited competition from TikTok as a threat That claim is at the heart of the FTC's antitrust lawsuit against meta which says it's a monopoly with no true competition live in New York I'm renita young Bloomberg daybreak All right we need to thanks turning to the economy now We get the payrolls report for January this morning The consensus calls for a gain of 125,000 jobs Bloomberg's Vinny del judice reports The prior report covering December registered the weakest showing since December 2020 January state it could be even weaker The White House has said so much in a rare announcement earlier in the week Bloomberg economics says the government collected data when autocrine cases were peaking when confirmed infections were rising faster than the delta wave Many doubt should ice Bloomberg daybreak All right Vinny thank you and turning to politics overseas The crisis involving UK prime minister Boris Johnson has gotten worse for top aids have resigned in the wake of the party Gates scandal and that's the 5 things you need to know to start your day brought to you by interactive brokers And S&P futures again they've turned lower down about four points to down futures down a 139 they've also turned lower while managed to have futures remain higher of 86 or 6 tenths of our percent And straight ahead your latest local headlines plus a check of sports and this is Bloomberg All right Karen thanks 6 33 on Wall Street 53° in Central Park temperatures falling through the day We got a lot of accidents to get to shortly first Michael Barr with more on what's going on in New York and around the world Michael Thank you very much Nathan President Biden met with New York City mayor Eric Adams and governor Kathy hochul to talk about the reason wave of gun violence particularly among law enforcement officers The president also announced new initiatives that The White House says would help fund community policing and crackdown on gun crimes I'll keep doing everything in my power to make sure the communities are safer but Congress needs to do as part two Pass universal background checks Ban assault weapons and high capacity magazines close loopholes that keep out of the hands of domestic abusers weapons Repeal the liability shield for gun manufacturers Mayor Adams talked about stopping the so called pipeline of illegal guns from gun dealers in southern states We need to increase our funding to ATF so they can give us the sources of these guns that are coming into our city and cities Mayor Adams spoke on ABC's nightline The winter storm stretching across the country is wreaking havoc on roads Parts of the tri state area get ready for winter weather advisories New York City mayor Eric Adams chief of staff Frank coron was subpoenaed for documents in a $4.5 million federal civil racketeering lawsuit over alleged fraudulent.

TikTok Bloomberg Mark Zuckerberg Nathan Facebook Renee Good renita young Bloomberg Vinny del judice Renee Michael Barr FTC White House Nathan President Biden Karen meta Eric Adams Kathy hochul Boris Johnson New York
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 8 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"The details for you a few minutes first Michael Barr with more on what's going on in New York and around the world Michael Thank you very much Nathan President Biden met with New York City mayor Eric Adams and governor Kathy hochul to talk about the recent wave of gun violence particularly among law enforcement officers The president also announced new initiatives that The White House says would help fund community policing and crackdown on gun crimes I'll keep doing everything in my power to make sure the communities are safer but Congress needs to do as part two Pass universal background checks ban assault weapons and high capacity magazines close loopholes that keep out of the hands of domestic abusers weapons repeal the liability shield for gun manufacturers Meanwhile mayor Adams talked about stopping the pipeline of illegal guns from gun dealers in southern states We need to increase our funding to ATF so they can give us the sources of these guns that are coming into our city and cities Mayor Adam spoke to ABC's nightline The winter storm stretching across the country is wreaking havoc on the roads parts of the tri state area getting ready for winter weather advisories hundreds of flights have already been canceled The United States is warning of a plot in which Russia would say is justification for an invasion of Ukraine Bloomberg's at Baxter reports The U.S. is saying that it has Intel that Russia is plotting to release a fake video purporting a Ukrainian attack on Russia Defense Department spokesman John Kirby We do have information that it is the Russians are likely to want to fabricate a pretext for an invasion which again is right out of their playbook Kirby meanwhile says Russian troop movements into Belarus are very troubling In San Francisco I'm at Baxter Bloomberg daybreak Republican officials meeting in Utah have advanced the resolution that would formerly censure representatives Liz Cheney and Adam kinzinger for their perceived disloyalty to former president Donald Trump but not try to expel them from the party Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries unlike lubar this is Bloomberg Nathan Okay Michael thanks.

Michael Barr Nathan President Biden Eric Adams Kathy hochul mayor Adams Mayor Adam Russia New York City Russia Defense Department John Kirby White House ATF Michael New York Congress U.S. ABC Bloomberg Baxter Bloomberg Baxter
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:24 min | 10 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"The Bloomberg business act Good morning I'm Nathan Hager And I'm Karen Moscow in U.S. stock index futures on the rise this morning we're coming up to 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up 9 points down futures of 27 NASDAQ futures have 42 the Dax in Germany up about two tenths of upper The ten year treasury at 5 30 seconds yields 1.47% yield on the two year .69% Nymex crude oil is down 1% on 76 cents at $73 three cents a barrel Comics gold is down three tenths percent or 5.7 at 1806 announced the Euro 1.1318 against the dollar the yen one 14.69 Nathan Karen let's begin this morning with the Alma cron variant driving a new COVID surge around the world in the U.S. new daily cases are higher than they were during the delta wave though hospitalizations are still lower Doctor shisha is dean at Brown university school of public health He says he's hopeful this wave will pass as quickly as it started Certainly South Africa is a hopeful sign That this wave of infections sweeping across America is going to rise very very quickly But hopefully he quickly and start coming down quickly as well Doctor shishe Josh spoke on Fox News Sunday heard here on Bloomberg radio Meantime a hospital in Israel is beginning a study into the safety and efficacy of fourth vaccine doses Sheba medical center will give the shots to a 150 medical workers who received third doses before August 20th While Nathan President Biden's top medical adviser is warning Americans not to get complacent about the omicron variant doctor Anthony Fauci said the volume of cases could still overwhelm hospitals despite evidence that symptoms may be less severe The issue that we don't want to get complacent about is that when you have such a high volume of new infections it might override a real diminution in severity Doctor Fauci made the comments on EBC's this week her Sunday is on Bloomberg radio Preliminary data from Scotland shows that obi cron is ten times more likely than delta to infect people who have already had COVID A new study here in the U.S. Karen could point to answers about so called long COVID Researchers at the national Institutes of health have found the virus that causes COVID-19 can spread within days to almost every organ system in the body and stay there for.

Nathan Hager Karen Moscow Nathan Karen U.S. Brown university school of pub shishe Josh Bloomberg Bloomberg radio Meantime Sheba medical center shisha Nathan President Biden Germany Anthony Fauci Fox News South Africa
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:36 min | 11 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"The markets every 15 minutes throughout the trading day on Bloomberg Again S&P and Dow futures are little changed somewhere NASDAQ futures the ten year treasury up one 32nd the old 1.63% And the yield on the two year .51% nymex crude oil is down 1.1% Nathan Well Karen we begin with the latest on who will lead the Federal Reserve President Biden says to expect his announcement this week Bloomberg's John Tucker joins us live with the details Good morning John Good morning Nathan President Biden was in New Hampshire when he told reporters he would announce his pick for fed share quote in the next four days A White House source then told Bloomberg the announcement may slip until next week The president is still deciding whether to reappoint J pal or replace him with fed governor lael brainard Sources say he's ruled out other possible contenders The White House is seeking input from senators to ensure either Powell or brainerd would get enough votes for confirmation Lied to New York I'm John Tucker Bloomberg debris All right John thank you As we wait for a decision on the fed we're also getting a warning from Janet Yellen The treasury secretary said the government risks a default if lawmakers don't raise the debt ceiling by December 15th That's when the new infrastructure Bill requires the treasury to transfer $118 billion to the highway trust fund Congressional leaders have not disclosed a plan to resolve the issue Well Congress is taking action Karen on state and local tax deductions The Senate has a new plan that would fully lift the salt deduction cap within certain income limits Amy Morris has details for our Bloomberg 99 one newsroom in Washington Senator Bernie Sanders of Vermont says his proposal would set an income threshold for unlimited salt deductions while keeping the $10,000 cap for the very rich They're still negotiating what that income level would be Sanders had floated the idea of about $400,000 as the limit New Jersey Democrat bob Menendez says it could be as high as a half $1 million This plan could replace the self measure that's in the House version of the bill calling for lifting the cap from 10,000 to $80,000 in Washington I'm Amy Morris Bloomberg daybreak Amy thank you for Marcus the inflation debate is front and center this morning as usual and fresh data from the UK shows prices surging by the most in a decade We get the details from Bloomberg's UN pots in London Good morning Ewan Good morning Karen and they think consumer prices rose 4.2% from a year ago in October sharply up from the previous month That was the fast increase than any of the highest estimates of 35 economists in Bloomberg's survey A jump in UK electricity and natural gas prices was the biggest factor but rising costs for food restaurants hotels and used cars or contributed with inflation and more than double the Bank of England's targets pressure will be bouncing for a rate rise at December's meeting In London I'm you and Potts Bloomberg daybreak You and thanks inflation concerns aren't holding back stocks The S&P 500 has continued to climb since last week's record print on consumer prices but that exuberance won't last according to Goldman Sachs CEO David Solomon I stepped back and I think about my 40 year career There have been periods of time when greed as far outpaced fear We were in one of those periods of time And generally speaking my experience says that those periods are not long lived Something will rebalance it and bring a little bit more perspective Goldman Sachs CEO David Solomon made the comments that the Bloomberg new economy forum underway in Singapore today Well Nathan U.S. commerce secretary January mondo is also a guest at today's new economy forum She's taking aim at China on the heels on Monday summit between president Joe Biden and Xi Jinping The commerce secretary says Beijing needs to start playing by the rules They need to live up to their commitments You know right now for example in the.

Bloomberg Amy Morris Bloomberg Again S Nathan Well Karen treasury John Good Nathan President Biden lael brainard John Tucker Bloomberg Janet Yellen Federal Reserve White House John Tucker Senator Bernie Sanders
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:46 min | 11 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"On Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg right now S&P futures again little change so we're down futures NASDAQ future is higher up 17 The decks in Germany's up a tenth of up percent Ten year treasury little change held 1.63% They yield on the two year .51% And Nathan All right Karen thank you We begin this morning with the latest on who will lead the Federal Reserve President Biden says to expect that announcement this week Bloomberg's John Tucker joins us live with the latest good morning John Good morning Nathan President Biden was in New Hampshire when he told reporters he would announce his pick for fed chair quote in the next four days A White House source then told Bloomberg the announcement may slip until next week The president is still deciding whether to reappoint J pal or replace him with fed governor Leo brainard Sources say he has ruled out other possible contenders The White House is seeking input from senators to ensure either Powell or brainard would get enough votes for confirmation Live in New York I'm John Tucker Bloomberg daybreak John thank you Well as we wait for a decision on the fed we're also getting a warning from Janet Yellen the treasury secretary said the government risks a default if lawmakers don't raise the debt ceiling by December 15th That's when the new infrastructure Bill requires the treasury to transfer a $118 billion to the highway trust fund Congressional leaders have not disclosed a plan to resolve the issue Taking a plan might be some action Karen on state and local tax deductions the Senate has a new plan that would fully lift the salt deduction cap within certain income limits and Amy Morris has details from our Bloomberg 99 one newsroom in Washington Senator Bernie Sanders of Vermont says his proposal would set an income threshold for unlimited salt deductions while keeping the $10,000 cap for the very rich They're still negotiating what that income level would be Sanders had floated the idea of about $400,000 as the limit New Jersey Democrat bob Menendez says it could be as high as a half $1 million This plan could replace the self measure that's in the House version of the bill calling for lifting the cap from 10,000 to $80,000 in Washington I'm Amy Morris Bloomberg daybreak Thank you for markets the inflation debate is front and center this morning as usual and fresh data from the UK shows prices surging by the most in a decade to get the details live with Bloomberg's UN pots in London Good morning Ewan Good morning Karen and they think consumer prices rose 4.2% from a year ago in October sharply up from the previous month That was the fastest increase Fast increase than any of the highest estimates of 35 economists in Bloomberg survey a jump in UK electricity and natural gas prices was the biggest factor but rising costs for food restaurants hotels and used cars or contributed with inflation now more than double the Bank of England's targets pressure will be voting for a rate rise at December's meeting In London I'm you and pot split by day break All right you and thanks for inflation concerns aren't holding back stocks the S&P 500s continued to climb since last week's record print on consumer prices but that exuberance won't last According to Goldman Sachs CEO David Solomon I stepped back and I think about my 40 year career There have been periods of time when greed as far out paced fear We were in one of those periods of time And generally speaking my experience says that those periods are not long lived Something will rebalance it and bring a little bit more perspective Goldman Sachs CEO David Solomon made the comments that the Bloomberg new economy forum underway in Singapore today And Nathan U.S. commerce secretary Gina raimondo is also a guest at today's new economy forum She is taking aim at China on the heels of Monday's summit between president Joe Biden and Xi Jinping The commerce secretary says Beijing needs to start playing by the rules They need.

John Tucker Bloomberg Amy Morris John Good Nathan President Biden Leo brainard Karen Janet Yellen White House Senator Bernie Sanders treasury brainard Biden
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:09 min | 11 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Up 15 points now futures up 32 NASDAQ futures up 94 and the Dax in Germany's up a tenth of up percent Nathan Carrying the bond market is closed for Veterans Day but reaction is still pouring into yesterday's reading on inflation The fastest price gains in three decades but October's annual inflation rate at 6.2% the highest level since 1990 but San Francisco fed president Mary Daly says she still sees the trend as temporary Inflation is high higher It's eye popping This is a transitory period That's what we believe That's what I think When I look out at the data but it's directly related to COVID And as quicker we get through COVID the better off we're going to be as an economy Despite high inflation San Francisco fed president Mary Daly says it's too soon to judge if the Central Bank should move faster to Titan policy More of that interview coming up 15 minutes from now Well Nathan President Biden says there is a way to curb inflation The president points to his infrastructure Bill as a fix for high prices This bill is going to reduce the cost of goods to consumers businesses and get people back to work Helping us build an economy from the bottom up in the middle out President Biden plans to sign his infrastructure Bill into law on Monday but many Republicans disagree with his assessment Maryland congressman Andy Harris said their legislation will not provide immediate relief for many Americans Everybody who goes to the store everybody who buys gas they know that inflation is here I think most people believe it's actually higher than 6% and 7% especially when they go to the store and they look for gasoline And I don't think the president's Bill I don't think it's infrastructure Bill is going to do anything to make it better in the short run Marilyn Republican congressman Eddie Harris spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio As The White House looks detained inflation Karen it is making tangible progress on another front The U.S. and China have come to an agreement to work together on climate change the deal comes just days before a summit between President Biden and Xi Jinping We get the story from Bloomberg's Baxter This comes as a bit of a surprise as the two have been trading body blows on everything they could get their hands on and China has been bucking coal goals but the statement has the two agreeing to boost their efforts to cut emissions including tackling methane and illegal deforestation U.S. climate czar John Kerry acknowledging differences but on climate cooperation is the only way to get this job done They are scheduled to form a working group that will be regularly through the decade with the first meeting to be scheduled The first half of next year In San Francisco I'm in Baxter Bloomberg daybreak And thank you Let's turn to corporate news now where our focus starts with Tesla We've learned that Elon Musk is unloaded billions of dollars in shares and we get the latest live with Bloomberg's Renee young good morning ready to Good morning Karen filing show Elon Musk sold $5 billion of Tesla stock this week that equates to more than 4.5 million shares And those were his first sales in more than 5 years Musk offloaded the first $1.1 billion of stock on Monday to pay income taxes on equity options He made those transactions based on a pre arranged trading plan that was adopted in September Then Musk carried out the remaining sales on Tuesday and Wednesday filings show those sales were not pre planned Tesla shares are up in pre market trading Live in New York I'm ready to young Bloomberg daybreak Well vernita shares of Disney are down in pre market trading by almost 5% The world's largest entertainment company reported streaming subscriber growth at missed estimates CEO bob chapek says the company is focused on ramping up production for Disney+ We expect our total content expense to be between 8 and $9 billion in fiscal 2024 And we will now be increasing that investment further with the primary driver being more local and regional content CEO bob chapek says Disney+ likely won't return to faster subscriber growth till the first half of next year Well on the labor front Nathan Starbucks employees are one step closer to forming a union ballots on the issue in the mail and on their way to Starbucks employees and Buffalo New York Bloomberg's Charlie pellet has the story A union victory in any of the elections would create the first such labor foothold among the Seattle based coffee chains thousands of corporate run locations On Monday Starbucks asked national labor relations board members in Washington to keep the agency's buffalo office from distributing ballots Starbucks has argued that any vote should involve at least all 20 of the region's stores meaning that the union workers united would win only if it secured a majority of votes from the much larger group In New York Charlie pellet Bloomberg daybreak Thanks Charlie Thanks for looking up for the travel industry United Airlines is seeing robust demand now that flights between the U.S. and Europe have reopened That's according to CEO Scott Kirby I think business travel is going to come back a 100% We see all kinds of anecdotes in particular once people start traveling They're getting back to traveling a 100% CEO bob Kirby tells us he's also confident about staffing levels at United He predicts relatively smooth travel around the holidays As the airline industry rebounds Nathan we're seeing similar signs.

President Biden Mary Daly Bloomberg Nathan President Biden San Francisco Marilyn Republican Joe Matthew Bloomberg sound Tesla Elon Musk bob chapek Andy Harris Baxter Bloomberg Eddie Harris Renee young Karen
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 11 months ago

"nathan president biden" Discussed on Bloomberg Radio New York

"I'm Karen Moscow and U.S. stock index futures are lower this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down a 6 point down futures down 41 and NASDAQ futures down 33 The decks in Germany is a four tenths of upper set Ten year treasury up one 32nd the yield 1.55% the yield on the two year .47% Nymex screwed oil is a little changed at four cents at 84.9 cents a barrel Comics gold as little change at 1795.7 cents an ounce The Euro this morning at 1.1588 against the dollar British bound 1.3630 and they ended one 13.51 Nathan Karen we begin in Washington where House speaker Nancy Pelosi plans to vote this week on President Biden's economic agenda But she's getting pushed back from West Virginia democratic senator Joe Manchin He wants a detailed analysis on the plan's cost and economic impact I will not support the reconciliation legislation without knowing how the bill will impact our debt in our economy in our country We won't know that until we work through the text Senator Manchin is one of two key holdouts needed to secure the deal but deputy treasury secretary Wally is pushing back The president's framework does satisfy senator mansion I understand that he wants to read the legislation that is written based on that framework When you look at the framework it includes fully paying for the legislation using tax increases on the wealthy and on corporations deputy treasury secretary Wally adima made the comments in an interview with Bloomberg David west and says the president's plan will not add to the nation's debt But while Democrats debate here at home Nathan President Biden is at the cop 26 summit in Glasgow He's announcing plans for an assault on methane today with initiatives across the globe to keep the gas from escaping landfills oil wells and.

Karen Moscow Nathan Karen President Biden senator Joe Manchin Senator Manchin Bloomberg treasury secretary Wally Nancy Pelosi Germany U.S. West Virginia Wally adima Washington Bloomberg David west Nathan President Biden
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:05 min | 1 year ago

"nathan president biden" Discussed on Bloomberg Radio New York

"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.

James comer North Korea bill Congressman James comer Joe Matthew Bloomberg sound Karen President Biden Nathan President Biden U.S. administration John Tucker Baxter Bloomberg John Good nationals park J pal Washington Kim Jong GOP Kentucky Bloomberg daybreak Asia Baxter Brian Kurdish
"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:21 min | 1 year ago

"nathan president biden" Discussed on Bloomberg Radio New York

"Or riot panel I'm Michael Barr More ahead I'm John Stan salary sports The Yankee comeback fell short The winning streak came to an end in Toronto the mets lost to Miami That's all straight ahead on Bloomberg daybreak on Bloomberg 11 three O New York Bloomberg 1999 one Washington D.C. Bloomberg one O 6 one Boston Bloomberg nuns 67 Francisco Syria's XM one 19 and around the world on Bloomberg radio dot com and via the Bloomberg business act Good morning I'm Nathan Hager And I'm Karen Moscow and U.S. futures are rising again this morning Let's see if they can keep it up this time around It are coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up 31 points down futures of 242 and NASDAQ futures up a 109 ten year treasury down one 32nd You have 1.52% yield on the two year .29% and I'm executed for 10% or 32 cents at 75.5 a barrel Nathan All right Karen we'll get back to those rising markets in just a moment But we begin this morning in Washington where senator Chuck Schumer has struck a deal with Republicans to avoid a government shutdown We are ready to move forward We have an agreement on the CR the continuing resolution to prevent the government shutdown Schumer said a last minute vote on the measure today here with the latest is Amy Morris from our Bloomberg 99 one newsroom in Washington Thank you Nathan The government was set to run out of funds at midnight tonight but Democrats have brokered a deal in boats are set for later this morning to keep the government open until December 3rd But this deal does not address the larger crisis of the debt ceiling Treasury secretary Janet Yellen has warned lawmakers that treasury will be out of options come October 18th causing the first ever government default The Democrats want to bipartisan deal to suspend or raise the debt ceiling Republicans say they will not support it In Washington I'm anymore as Bloomberg daybreak Hey thank you President Biden's infrastructure package is also front and center this morning House speaker Nancy Pelosi has said a vote on a bill today despite democratic infighting over the measure Progressives want the package tied 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 record hull 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 as the infighting over those bills continues care and president Biden attended last night's congressional baseball game to lobby for his agenda The president handed out ice cream bars during the charity game at nationals park as he tried to broker a deal among Democrats and for those keeping score on the game It was a victory for Republicans They won for just the second time in the last 12 matchups They're a 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 make it the details from Bloomberg's and Baxter We haven't heard much from Kim over the last few months Recently he's gone back to testing missiles and is asserted that the latest one is boosting his nuclear weapon effort Now he says 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 thanks Let's turn back to markets now We're inflation and supply chain concerns Do 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 with the details Good morning John Good morning Nathan taking part in a virtual panel event fed share Jay Powell 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 But Powell also says it's difficult to see how big the effects will be or how long they will last His comments were echoed by European Central Bank president Christine Lagarde Bank of England president Andrew Bailey says the big challenge now is how to get through this period of uneven growth lie the New York on John Tucker Bloomberg daybreak John thank you 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 The details from Bloomberg daybreak Asia anchor Brian Curtis 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 we have inflation concerns a slowdown in China Those are some of the many concerns on Wall Street today But what are the biggest market risks Bloomberg's ready to young joins us live with more Good morning 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 ark 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 Kathy 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 our next hour Plus the view from Guggenheim investments chairman Scott minor and.

"nathan president biden" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:24 min | 1 year ago

"nathan president biden" Discussed on Bloomberg Radio New York

"6 30 on Wall Street Good morning I'm Nathan Hager And I'm Kerry and Moscow are just about three hours away from the open of U.S. training as he had to up to date on the news You need to know what the shower U.S. futures are rebounding from yesterday's sell off which saw the S&P 500 dropped 1.7% At one point the index was down nearly 3% and Morgan Stanley chief U.S. equity strategist Mike Wilson sees more selling ahead Corrections are always about price and time And so from a price standpoint I think it's ten to 20% Great But time I think you've got to get through the third quarter earnings season Let's see how the revision breath kind of plays through that Let's see how the market digest the fed moving towards tapering by year end Morgan Stanley's Mike Wilson says the fed will be key and today the Central Bank begins day one of its two day policy meeting Officials are expected to hold interest rates near zero while telegraphing the timing on tapering asset purchases U.S. markets are stabilizing this morning There still concern over China's real estate sector There are questions whether China ever grant can make good on $300 billion of liabilities Again more from Bloomberg Stephen ankle and Hong Kong This is a case where if it doesn't create the contagion that Beijing is really worried about it will default It will essentially then go into debt restructuring or ultimately a failure What is happening is the smaller developers that are also have these duller bonds stressed right now They've mentioned China central real estate fantasia rice son and cynic They've all been downgraded to negative by S&P Bloomberg Steven engel says the stress developers shares in Hong Kong dropped as much as 7% before recouping some of those losses Well back here in the U.S. Karen President Biden steps onto the global stage today with an address to the United Nations General Assembly Bloomberg you need a young joins us live from New York with the details Rita Good morning Nathan President Biden's first remarks to the UN come after a U.S. withdrawal from Afghanistan that drew criticism even from supporters Bloomberg news has learned the president will use his address to mark the end of 20 years of war in the country and declare a new era of diplomacy to resolve international conflict The president also plans to make the case for the U.S. and China to cooperate on global threats including climate change His address to the UN is scheduled for ten a.m. Wall Street time Live in New York I'm Renee young Bloomberg daybreak All right we need to thank you on a deal this morning with U.S. Bancorp agreeing to buy MUFG union banks core regional banking franchise.

U.S. Mike Wilson Nathan Hager Morgan Stanley Bloomberg Stephen fed China Kerry Moscow Steven engel S Hong Kong Karen President Biden Central Bank Rita Good