GameStop Soars; Wall Street Braces for Jobs Report

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan Hager. 0:00:12.720 --> 0:00:16.599 The employment report for May. It is expected to add 0:00:16.640 --> 0:00:20.599 new evidence of a gradually cooling labor market. For casters 0:00:20.640 --> 0:00:25.160 project employers boosted payrolls last month by one hundred eighty thousand. 0:00:25.320 --> 0:00:27.760 Let's get a preview now from Bloomberg's Michael McKee. 0:00:28.000 --> 0:00:30.960 The nation's labor market takes on added import as the 0:00:30.960 --> 0:00:33.920 Fed gets ready for next week's policy meeting. While it 0:00:33.920 --> 0:00:36.560 would take a major surprise for the May jobs report 0:00:36.600 --> 0:00:39.800 to influence a rate change, today's dat it will help 0:00:39.840 --> 0:00:42.960 set the scenario for a future move. After months of 0:00:43.080 --> 0:00:47.320 almost entirely focusing on inflation, FED officials say they're now 0:00:47.440 --> 0:00:51.400 almost as focused on employment. Anything close to consensus will 0:00:51.479 --> 0:00:54.440 leave central bankers and investors parsing the difference between the 0:00:54.560 --> 0:00:59.320 slowdown expected and an as yet unexpected recession. Should the 0:00:59.400 --> 0:01:03.000 labor market show signs of significant weakening, it could mean 0:01:03.280 --> 0:01:07.120 rate cuts come earlier. Michael McKee, Bloomberg Radio. 0:01:06.920 --> 0:01:09.399 All right, Mike, thanks two. Big Wall Street banks are 0:01:09.440 --> 0:01:13.360 sticking with that bet for earlier FED rate cuts, JP 0:01:13.560 --> 0:01:17.039 Morgan Chase and city groups still are predicting that the 0:01:17.080 --> 0:01:21.440 federal reserve will begin to ease next month. Traders have 0:01:21.640 --> 0:01:23.759 all but ruled out in July cut. They did that 0:01:23.880 --> 0:01:27.760 back in April. Now expect rates to hold steady until November, 0:01:27.800 --> 0:01:31.119 but the case for earlier cuts has strengthened in recent days. 0:01:31.560 --> 0:01:34.440 It's helped to drive the longest streak of global bond 0:01:34.520 --> 0:01:39.600 gains since November. As for equities, meme stock mania is 0:01:39.640 --> 0:01:42.600 gripping Wall Street once again. We're watching shares of game 0:01:42.720 --> 0:01:45.240 Stop in the pre market. They are soaring by nearly 0:01:45.360 --> 0:01:49.360 thirty four percent. Let's get more on why. From Bloomberg's 0:01:49.400 --> 0:01:50.040 Jeff Bellinger. 0:01:50.720 --> 0:01:53.720 The reason behind the rally is once again Keith gill 0:01:54.120 --> 0:01:58.360 his Roaring Kitty online monikers and game Stop surging recently. 0:01:58.720 --> 0:02:01.280 Now he says he plans to return to YouTube for 0:02:01.320 --> 0:02:04.800 the first time in three years. His anticipated return is 0:02:04.800 --> 0:02:09.040 sparking further speculation that Gil is bullish on GameStop. Within 0:02:09.120 --> 0:02:12.600 minutes of the posting, more than ten thousand YouTube users 0:02:12.639 --> 0:02:15.840 signaled an interest in being notified when the stream starts. 0:02:16.200 --> 0:02:19.720 The latest surge adds to gills hall from positions disclosed 0:02:19.760 --> 0:02:22.800 on his Reddit account, his stake of one hundred twenty 0:02:22.840 --> 0:02:26.520 thousand call options at twenty dollars expiring in two weeks, 0:02:26.800 --> 0:02:30.080 is now worth some three hundred and twenty five million dollars. 0:02:30.320 --> 0:02:33.040 That would give him an unrealized profit of about two 0:02:33.160 --> 0:02:37.079 hundred and sixty million dollars. Jeff Bellinger, Bloomberg Radio. 0:02:37.200 --> 0:02:39.840 All right, Jeff, thank you, Now, let's turn to politics. 0:02:39.960 --> 0:02:43.040 President Biden heads back to Normandy, France today, where he'll 0:02:43.040 --> 0:02:46.639 give a speech defending democracy. From point to hawk that's 0:02:46.680 --> 0:02:50.040 the spot where Army rangers scaled the cliffs during D Day, 0:02:50.520 --> 0:02:53.400 But the President has matters back home in mind as well. 0:02:53.400 --> 0:02:56.680 He gave an interview to David Murrrr on ABC's World 0:02:56.720 --> 0:03:00.000 News tonight, and David asked the President about the federal 0:03:00.120 --> 0:03:03.240 gun case against his son Hunter. Let me ask you, 0:03:03.520 --> 0:03:06.840 will you accept the jury's outcome, their verdict no matter 0:03:06.880 --> 0:03:07.360 what it is. 0:03:07.800 --> 0:03:08.000 Yes? 0:03:08.840 --> 0:03:10.840 And have you ruled out a pardon for your son? 0:03:11.200 --> 0:03:11.440 Yes. 0:03:12.280 --> 0:03:15.160 President Biden also talked about his push for a ceasefire 0:03:15.200 --> 0:03:18.320 in Gaza. He says his announcement last week, billed as 0:03:18.360 --> 0:03:21.359 an Israeli proposal, has had an impact on the ground. 0:03:21.680 --> 0:03:24.239 They were going to go into Russia into Raffa full boar, 0:03:25.120 --> 0:03:29.480 invade all of Raffa, go into the city, take it out, move, 0:03:29.840 --> 0:03:33.400 move with full force. They haven't done that. And what 0:03:33.440 --> 0:03:36.840 they've done is they've agreed to a significant agreement that 0:03:36.960 --> 0:03:39.440 if in fact Alas accepts it. 0:03:39.640 --> 0:03:42.560 No Israeli Prime Minister Benjamin Netanyahu has said there can 0:03:42.600 --> 0:03:45.840 be no permanent cease fire until Hamas is destroyed, but 0:03:46.040 --> 0:03:50.240 President Biden says he still thinks Neta Yahu backs his plan, 0:03:50.320 --> 0:03:53.000 and we will hear more from the Israeli Prime minister 0:03:53.160 --> 0:03:57.320 in Washington next month. He's accepted an invitation to address 0:03:57.520 --> 0:03:59.840 both Houses of Congress, and we get the details on 0:03:59.880 --> 0:04:01.640 that from Bloomberg Steve Potisk In. 0:04:01.680 --> 0:04:01.960 The Nation. 0:04:02.160 --> 0:04:05.520 Speaker Mike Johnson's office announced that Neta Yahoo will address 0:04:05.560 --> 0:04:07.880 a joint meeting of the House and Senate on July 0:04:08.000 --> 0:04:11.480 twenty fourth. Neta Yaho is facing intense criticism over the 0:04:11.480 --> 0:04:13.920 civilian death toll in the war in Gaza, which has 0:04:14.040 --> 0:04:17.719 caused divisions among lawmakers and led to public disagreements with 0:04:17.800 --> 0:04:22.320 President Joe Biden. Some Democrats, including Vermont's Senator Bernie Sanders 0:04:22.360 --> 0:04:25.760 and former Speaker Nancy Pelosi, have said they would boycott 0:04:25.800 --> 0:04:29.000 the address. This would be Netanyahu's fourth speech to a 0:04:29.080 --> 0:04:31.520 joint meeting of Congress that would make him the first 0:04:31.560 --> 0:04:35.080 foreign leader to do so that many times in Washington 0:04:35.160 --> 0:04:37.040 Steve Potisk Bloomberg. 0:04:36.600 --> 0:04:37.960 Radio, Okay, Steve, thank you. 0:04:38.000 --> 0:04:40.520 And as the war in Gaza rages on, the US 0:04:40.560 --> 0:04:43.880 continues to show support for Ukraine. Officials say the US 0:04:43.920 --> 0:04:46.359 will send about two hundred and twenty five million dollars 0:04:46.400 --> 0:04:49.919 in military aid to the country. President Biden used his 0:04:49.960 --> 0:04:52.320 speech on the eightieth anniversary of D Day to vow 0:04:52.360 --> 0:04:54.840 the US will not walk away from the defense of 0:04:54.920 --> 0:04:57.920 Ukraine and allow Russia to threaten more of Europe. Biden 0:04:57.960 --> 0:05:01.600 plans to meet with Ukraine's President vladimir's Zelenski in Paris 0:05:01.920 --> 0:05:05.600 later today. As for former President Donald Trump, investors are 0:05:05.600 --> 0:05:09.120 weighing the potential impact if he wins this November's election. 0:05:09.480 --> 0:05:12.520 Trump donors are cheering the prospect of a fresh round 0:05:12.520 --> 0:05:16.000 of tax cuts next year, but that could have a 0:05:16.120 --> 0:05:19.680 fiscal impact. The Congressional Budget Office estimates it would cost 0:05:20.080 --> 0:05:24.600 four point six trillion dollars over a decade if portions 0:05:24.640 --> 0:05:28.159 of the twenty seventeen tax cut package were extended. It's 0:05:28.160 --> 0:05:32.440 not dampening Republican enthusiasm for the prospect, though many simply 0:05:32.600 --> 0:05:36.640 reject those cost projections, asserting tax cuts pay for themselves 0:05:37.120 --> 0:05:41.920 through economic gains. Turning to commodities, we're checking gold this 0:05:42.160 --> 0:05:46.080 morning and it is lower by one point two percent. 0:05:46.200 --> 0:05:49.560 That's after China's Central Bank disclosed it did not buy 0:05:49.800 --> 0:05:53.240 any gold last month. It ends a massive buying spree 0:05:53.240 --> 0:05:56.080 that had run for eighteen months. After the precious metal 0:05:56.120 --> 0:05:59.320 surge to a record high. And stocks in India are 0:05:59.400 --> 0:06:03.039 up two percent. The country's main index has recouped most 0:06:03.040 --> 0:06:06.920 of its losses following the election results. Earlier this week, 0:06:06.920 --> 0:06:09.599 the Indian stock market erased about three hundred and eighty 0:06:09.640 --> 0:06:13.080 six billion dollars in value as Prime Minister Norendramode's ruling 0:06:13.160 --> 0:06:20.080 party struggled to win a majority of seats in national elections. Now, 0:06:20.160 --> 0:06:22.120 let's look at some of the other stories making news 0:06:22.120 --> 0:06:25.840 in New York and around the world with Bloomberg's Michael Barr. 0:06:25.839 --> 0:06:27.640 Happy Friday morning, Michael. 0:06:27.440 --> 0:06:31.080 And Happy Friday to you, Nathan. Prosecutors on New York's 0:06:31.120 --> 0:06:35.320 Long Island have charged sixty year old serial killer suspect 0:06:35.680 --> 0:06:39.000 Rex Huerman with two more counts of murder. Suffolk County 0:06:39.000 --> 0:06:42.320 District Attorney Ray Tierney talked about one of the victims, 0:06:42.440 --> 0:06:46.200 Jessica Taylor, back in two thousand and three. Tierney says 0:06:46.200 --> 0:06:50.120 Heureerman was ultimately tied to Taylor's killing after a hair 0:06:50.320 --> 0:06:54.400 found on the skull at Gilgo Beach was DNA tested. 0:06:54.640 --> 0:06:56.880 The defendant could not be excluded as the donor of 0:06:56.920 --> 0:07:00.320 that hair, and it's one point eight three seven times 0:07:00.440 --> 0:07:04.119 ten to the six hundred and third power more likely 0:07:04.440 --> 0:07:08.760 that it came to that it matched the defender of 0:07:08.800 --> 0:07:12.280 someone matching the defendan's DNA profile than a member of 0:07:12.720 --> 0:07:14.040 the population at large. 0:07:14.200 --> 0:07:18.440 District Attorney Tierney says the other murdered victim was Sandra Castilla, 0:07:18.840 --> 0:07:23.040 killed back in nineteen ninety three. Several hundred airport workers 0:07:23.040 --> 0:07:27.480 from John F. Kennedy Airport and LaGuardia Airport joined together 0:07:27.640 --> 0:07:31.280 at JFKA the rally to improve working conditions at New 0:07:31.360 --> 0:07:34.920 York City airports. The contract for the more than ten 0:07:34.960 --> 0:07:40.760 thousand airport service workers, including baggage handlers, wheelchair attendants and cleaners, 0:07:41.080 --> 0:07:44.960 is set to expire on June thirtieth. Queens Borough Union 0:07:45.000 --> 0:07:48.200 President Donovan Richards spoke at the rally, standing with the 0:07:48.200 --> 0:07:49.800 workers and it. 0:07:49.800 --> 0:07:52.160 Is unions who built this borough. 0:07:52.640 --> 0:07:55.640 It is unions who built this city, and it is 0:07:55.800 --> 0:07:59.000 unions who run our airports. 0:07:59.280 --> 0:08:03.120 Union president Donovan Richards says they're asking management for a 0:08:03.280 --> 0:08:07.320 raise and minimum wage for employees to twenty five dollars 0:08:07.320 --> 0:08:11.760 per hour by twenty thirty, improved healthcare benefits, and additional 0:08:11.800 --> 0:08:15.680 paid leave. Former Trump White House aid Steve Bennon has 0:08:15.720 --> 0:08:18.400 been ordered to turn himself in to a federal prison 0:08:18.680 --> 0:08:22.560 starting July first. Bennon refused to comply with a subpoena 0:08:22.640 --> 0:08:26.160 issued by the House January sixth committee, The former White 0:08:26.160 --> 0:08:29.120 House aid was convicted of contempt of Congress and sentence 0:08:29.320 --> 0:08:33.160 to four months in prison outside the courthouse. Bannon said 0:08:33.320 --> 0:08:36.440 this will not stop him from speaking out about what 0:08:36.480 --> 0:08:39.080 he says as an unfair justice department. 0:08:39.440 --> 0:08:40.640 There is not a prison built. 0:08:40.679 --> 0:08:42.840 Our jail built wherever shut me up. 0:08:43.160 --> 0:08:46.440 A three judge appellate panel last month rejected an earlier 0:08:46.520 --> 0:08:50.720 ruling from a judge who presided over Bannon's case and 0:08:50.800 --> 0:08:53.439 said that he could stay out while his appeals pending. 0:08:53.880 --> 0:08:56.960 Global news twenty four hours a day and whenever you 0:08:57.040 --> 0:08:59.560 want it with the Bloomberg News. Now, I'm Michael Barr, 0:08:59.679 --> 0:09:01.360 and this is Bloomberg. Nathan. 0:09:01.480 --> 0:09:09.000 Okay, Michael, thank you time now for the Bloomberg Sports update. 0:09:09.080 --> 0:09:10.640 Here is juhnstatsch Hower. 0:09:10.920 --> 0:09:11.520 All right, Nathan. 0:09:11.520 --> 0:09:13.719 The Celtics went through the first three rounds of the 0:09:13.800 --> 0:09:16.439 NBA playoffs, only losing twice, and most of that without 0:09:16.920 --> 0:09:19.640 christaphs Porzingis, the ex nick who averaged twenty points a 0:09:19.640 --> 0:09:21.880 game in the regular season. He returned from a leg 0:09:21.920 --> 0:09:24.600 injury in Boston per Game one of the NBA Finals 0:09:24.640 --> 0:09:29.280 against Dallas, and Porzingis was immediately hitting shots, blocking shots. 0:09:29.320 --> 0:09:32.320 The Celtics led the MAVs by seventeen in the first 0:09:32.440 --> 0:09:34.719 quarter and by twenty nine in the second. They won 0:09:34.760 --> 0:09:37.680 the series opener one oh seven to eighty nine. Porzingius 0:09:37.679 --> 0:09:40.560 finished with twenty points. Jalen Brown had twenty two. Jason 0:09:40.600 --> 0:09:43.840 Tatum scored sixteen. He had eleven rebounds in five assists. 0:09:44.120 --> 0:09:45.800 We played well, a nice a lot of things we 0:09:45.800 --> 0:09:49.160 feel like we could do better. But it definitely does 0:09:49.160 --> 0:09:51.960 feel good to win the first game. But we know 0:09:52.120 --> 0:09:54.560 that two years ago we won the first game and 0:09:54.640 --> 0:09:56.600 you know the outcome of that series, So we still 0:09:56.640 --> 0:09:57.440 have a lot of work to do. 0:09:57.559 --> 0:09:59.720 Yeah, lost that series to Golden State, though, play Game 0:09:59.800 --> 0:10:03.600 two in Boston on Sunday, a potentially big NBA story 0:10:03.640 --> 0:10:07.080 that started brewing yesterday morning with the ESPN report the 0:10:07.200 --> 0:10:10.400 Lakers are targeting Yukon's Dan Hurley as their next coach. 0:10:10.440 --> 0:10:13.560 Two sides will reportedly meet today at the Stadium. Another 0:10:13.600 --> 0:10:15.800 Yankee win of the Twins, this one eight to five. 0:10:15.880 --> 0:10:17.839 They led seven to two, held on for their eighth 0:10:17.840 --> 0:10:20.679 win in a row nineteenth in the last twenty three games, 0:10:20.679 --> 0:10:22.920 they went six and o versus Minnesota and now here 0:10:23.000 --> 0:10:26.480 come the Dodgers to town for a star studded, hyped 0:10:26.559 --> 0:10:29.360 up weekend series, though we'll see if Juan Soto can play. 0:10:29.400 --> 0:10:33.120 He left last night's game feeling discomfort in his left arm. 0:10:33.160 --> 0:10:35.559 Mets are in London, where they'll play the Phillies tomorrow 0:10:35.600 --> 0:10:37.800 and Sunday. Red Sox are in Chicago. The White Sox 0:10:37.840 --> 0:10:39.839 have lost fourteen games. 0:10:39.600 --> 0:10:40.000 In a row. 0:10:40.080 --> 0:10:42.599 Boston won last night fourteen to two. Should be a 0:10:42.640 --> 0:10:46.080 good friend Jopron semifinal this morning, when Yannick Sinner meets 0:10:46.120 --> 0:10:49.360 Carlos Alcarez. The two and three seeds cast perud and 0:10:49.480 --> 0:10:53.199 takes on Sasta zverev IGAs Hiantek will be a prohibited 0:10:53.280 --> 0:10:56.880 favorite in tomorrow's women's finals. She's won twenty straight matches 0:10:56.880 --> 0:10:59.800 in Paris. She'll take on the Italian Jasmine Paulini. 0:11:00.080 --> 0:11:00.680 John Stanshan. 0:11:00.760 --> 0:11:02.120 We're Bloomberg Sports. 0:11:01.800 --> 0:11:07.360 Too, Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:07.440 --> 0:11:10.320 and around the world on Bloomberg dot Com and the 0:11:10.360 --> 0:11:13.760 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:14.120 --> 0:11:15.480 Good morning. I'm Nathan Hager. 0:11:15.520 --> 0:11:18.280 President Biden has said to meet later today with Ukraine's 0:11:18.360 --> 0:11:21.800 President Vladimir Zelenski in Paris. Before that, though, the President 0:11:21.840 --> 0:11:25.440 will speak on defending democracy from the cliffs where army 0:11:25.559 --> 0:11:28.760 rangers scaled on the beaches of Normandy on D Day, 0:11:29.040 --> 0:11:31.839 the same cliffs where then President Ronald Reagan gave one 0:11:31.840 --> 0:11:34.920 of his most famous speeches forty years ago. For more 0:11:35.160 --> 0:11:37.679 on the geopolitics, we are joined now by Bloomberg News 0:11:37.720 --> 0:11:41.160 Senior editor Bill Ferries. Bill, Good morning. This theme of 0:11:41.400 --> 0:11:45.920 defending democracy has really pervaded the President's trip to France 0:11:46.040 --> 0:11:47.360 so far this year. What are you going to be 0:11:47.400 --> 0:11:50.560 watching for on this second day of the President's visit 0:11:50.600 --> 0:11:51.800 to Normandy and to Paris. 0:11:53.400 --> 0:11:56.200 Well, we're looking, as you said, they have really the 0:11:56.320 --> 0:11:59.800 President Biden and even some allies of French. President McCrone 0:12:00.080 --> 0:12:05.920 really linked this eightieth anniversary of the Normandy invasion to 0:12:06.080 --> 0:12:08.600 the situation going on in Ukraine, saying that you know, 0:12:08.640 --> 0:12:11.600 eighty years ago the US and its allies were fighting 0:12:11.600 --> 0:12:14.920 tyranny on the European continent, and that they want they 0:12:14.960 --> 0:12:17.120 want to remind people that that's how they view the 0:12:17.160 --> 0:12:18.440 situation in Ukraine. 0:12:18.520 --> 0:12:19.000 Right now. 0:12:19.640 --> 0:12:22.320 We do have reports coming out now in terms of 0:12:23.040 --> 0:12:25.480 the Ukraine part of the equation that the US is 0:12:25.520 --> 0:12:28.000 getting ready to The President is getting ready to approve 0:12:28.000 --> 0:12:31.760 another two and twenty five million dollars in military aid 0:12:31.760 --> 0:12:35.720 to Ukraine. This is from his Presidential Drawdown Authority. So 0:12:35.800 --> 0:12:39.320 these are weapons that are already in store stores and 0:12:39.360 --> 0:12:42.640 warehouses ready to go out. It's a lot of the 0:12:42.800 --> 0:12:46.400 ammunition that we saw Ukraine lacking in the months while 0:12:47.040 --> 0:12:50.120 the US Congress was debating whether to provide more aid. 0:12:50.480 --> 0:12:53.559 And it includes some of the artillery for the hi 0:12:53.640 --> 0:12:57.640 Mar systems, which can strike into Russian territory, and that's 0:12:57.679 --> 0:13:01.360 something the US has just only recently given its approval for. 0:13:01.920 --> 0:13:04.400 So we're going to try to see if there's more 0:13:04.480 --> 0:13:07.280 coming from the US side and We also have a 0:13:07.320 --> 0:13:11.000 report that the French President Macron is also planning to 0:13:11.080 --> 0:13:14.480 send fighter jets to Ukraine. It will take a few 0:13:14.520 --> 0:13:18.120 months to get Ukrainian pilots trained on those systems, but 0:13:18.520 --> 0:13:23.120 those allies all promising fresh weapons for their ally in Kiev. 0:13:23.600 --> 0:13:26.240 Yeah, really interesting to see how the tide has sort 0:13:26.280 --> 0:13:28.920 of turned even over loose the last several months about 0:13:28.920 --> 0:13:32.560 the level of support, the level of offensive support that 0:13:32.600 --> 0:13:35.600 the US and its allies are willing to give Ukraine 0:13:35.880 --> 0:13:38.280 right now, Where would you put the level of support 0:13:38.320 --> 0:13:43.040 for Ukraine at this point when presumably a lot of voters, 0:13:43.080 --> 0:13:45.080 a lot of citizens in many of these countries might 0:13:45.120 --> 0:13:48.600 be feeling a bit of voter war fatigue at the moment. 0:13:50.320 --> 0:13:53.680 Yeah, it's from the I think, from the heads of state, 0:13:53.760 --> 0:13:57.240 from the governments, it's high. The level of support is high. 0:13:57.240 --> 0:14:00.760 You remember when the US Congress passed this package, the 0:14:00.880 --> 0:14:03.800 goal was really to provide a full year's worth of 0:14:04.160 --> 0:14:06.960 funding for Ukraine so that the White House would not 0:14:07.120 --> 0:14:09.760 have to go back to Congress asking for more money. 0:14:10.120 --> 0:14:13.600 Took I think it took about six just about six 0:14:13.640 --> 0:14:16.240 months for the White House to get that package through Congress. 0:14:16.240 --> 0:14:18.360 When you count up all the delays, so they know 0:14:18.480 --> 0:14:21.640 how hard that experience was and they want to try 0:14:21.680 --> 0:14:23.840 to avoid that. And of course you have the US 0:14:23.960 --> 0:14:27.840 election looming in November, and a lot of Republicans in particular, 0:14:28.560 --> 0:14:31.400 but some Democrats as well, don't want to see a 0:14:31.440 --> 0:14:35.440 lot more US taxpayer money flowing to Ukraine. They'd rather 0:14:35.520 --> 0:14:38.240 see that kept at home. So there's a big question 0:14:38.360 --> 0:14:41.040 mark hanging over what that support level will look like 0:14:41.520 --> 0:14:43.080 after the November election. 0:14:43.240 --> 0:14:45.840 And hanging over all of this as well as the 0:14:46.080 --> 0:14:51.000 ongoing war in Gaza and President Biden continuing to push 0:14:51.120 --> 0:14:54.440 for a ceasefire there, while we're waiting for Israeli Prime 0:14:54.440 --> 0:14:58.440 Minister Benjamin netan Yahoo to give an address to Congress 0:14:58.600 --> 0:15:01.560 late next month. It could be an overhang for quite 0:15:01.600 --> 0:15:03.840 some time. Bill. 0:15:04.120 --> 0:15:08.320 Yeah, Prime Minister Netanyaho's scheduled to speak to Congress a 0:15:08.440 --> 0:15:12.560 joint session of Congress on July twenty fourth, So you know, roughly, 0:15:12.680 --> 0:15:15.920 let's say, seven weeks from now, big question mark in 0:15:16.000 --> 0:15:18.680 terms of what that conflict in Gaza will look like. 0:15:19.040 --> 0:15:21.360 They've been trying to they've been trying to get a 0:15:21.560 --> 0:15:26.040 breakthrough on this proposal for a cease fire for more 0:15:26.080 --> 0:15:29.520 than two months now. So entirely possible that when Netan 0:15:29.600 --> 0:15:32.640 Yaho comes to the US there could have been a 0:15:32.640 --> 0:15:35.560 cease fire. They could still be trying to negotiate one. 0:15:35.800 --> 0:15:39.080 We really don't know what status the war will be at, 0:15:39.280 --> 0:15:42.480 but certainly you know a political message being sent as 0:15:42.480 --> 0:15:47.480 well by Republicans, in particular inviting the Prime minister to come. 0:15:47.720 --> 0:15:50.640 There's been a lot of tensions between Netanyahu and President 0:15:50.680 --> 0:15:53.640 Biden and his administration. Will be very interesting to see 0:15:53.640 --> 0:15:57.920 whether what the status of that relationship is come in July. 0:16:00.120 --> 0:16:03.200 This is Bloomberg Daybreak Today, your morning brief on the 0:16:03.240 --> 0:16:06.640 stories making news from Wall Street to Washington and beyond. 0:16:07.120 --> 0:16:09.840 You can also listen live each morning starting at five 0:16:09.880 --> 0:16:12.520 am Wall Street Time on Bloomberg eleven three to zero 0:16:12.520 --> 0:16:15.400 in New York, Bloomberg ninety nine to one in Washington, 0:16:15.480 --> 0:16:18.360 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:18.400 --> 0:16:21.960 ninety sixty in San Francisco. Plus listen coast to coast 0:16:22.000 --> 0:16:25.360 on the Bloomberg Business app, serious XM Channel one nineteen, 0:16:25.520 --> 0:16:29.440 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathanhager. 0:16:29.800 --> 0:16:32.360 Look for us on your podcast feed by six am 0:16:32.400 --> 0:16:35.640 Eastern each Morning on Apple, Spotify, and anywhere else you 0:16:35.680 --> 0:16:39.160 get your podcasts. Our flagship New York station is also 0:16:39.200 --> 0:16:43.080 available on your Amazon Alexa devices. Just say Alexa Play 0:16:43.080 --> 0:16:44.280 Bloomberg eleven thirty. 0:16:44.440 --> 0:16:45.280 I'm Nathan Hager. 0:16:45.400 --> 0:16:47.680 Join us again tomorrow morning for all the news you 0:16:47.760 --> 0:17:04.480 need to start your day right here on Bloomberg Daybreak