Biden's Border Move; India Election Sends Markets Tumbling

Bloomberg Audio Studios, podcasts, radio news. Good morning, I'm Nathan 0:00:12.119 --> 0:00:15.080 Hager and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:15.920 following today. 0:00:16.160 --> 0:00:18.400 Karen, we begin with a major move at the southern 0:00:18.440 --> 0:00:22.360 border with political implications. Later today, President Biden will sign 0:00:22.360 --> 0:00:26.119 an executive order that would effectively prevent new asylum claims 0:00:26.400 --> 0:00:29.840 until migrant crossings drop by about two thirds from where 0:00:29.880 --> 0:00:32.760 they are right now. As of last April, border agents 0:00:32.840 --> 0:00:36.880 encountered about forty three hundred undocumented migrants per day. White 0:00:36.920 --> 0:00:40.000 House spokeswoman Karin Jean Pierre says Congress had a chance 0:00:40.040 --> 0:00:42.640 to act on border policy last week. 0:00:42.920 --> 0:00:47.279 You saw Republicans in the Senate vote against against an 0:00:47.280 --> 0:00:51.440 opportunity to have the toughest farris piece of legislation that 0:00:51.520 --> 0:00:53.720 he wanted to sign into law to deal with the 0:00:53.760 --> 0:00:54.440 brooken system. 0:00:54.560 --> 0:00:57.880 White How spokesman Karin Jehan Pierre spoke aboard Air Force One. Now, 0:00:57.880 --> 0:01:00.760 the order does come with political risks for or the president. 0:01:00.840 --> 0:01:04.640 Progressive say ramping up deportations is an inhumane way to 0:01:04.680 --> 0:01:08.039 handle the border, but polls show immigration is a critical 0:01:08.040 --> 0:01:11.039 issue for voters. In a tight race between President Biden 0:01:11.120 --> 0:01:12.440 and former President Trump. 0:01:12.920 --> 0:01:16.440 Well Nathan, turning to politics, over sees early election results 0:01:16.440 --> 0:01:19.440 in India indicate the race is much closer than any 0:01:19.520 --> 0:01:23.040 of the exit polls estimated. Narendra Modi and his VJP 0:01:23.240 --> 0:01:26.240 party are seeking a third term running the world's fastest 0:01:26.240 --> 0:01:30.560 growing major economy. Bloomberg's Mary Nicola says markets are watching 0:01:30.560 --> 0:01:31.640 the results closely. 0:01:32.200 --> 0:01:35.280 The key thing here is just about what happens in 0:01:35.360 --> 0:01:37.959 terms of the formation of the government. If you get 0:01:38.040 --> 0:01:41.280 let's say, a supermajority. What happens if the government then 0:01:41.319 --> 0:01:45.600 focuses more on its political agenda rather than the economic agenda. 0:01:45.640 --> 0:01:49.040 And that's absolutely crucial and could actually put a little 0:01:49.080 --> 0:01:51.920 bit of a stop into the rally in Indian equities 0:01:51.960 --> 0:01:52.600 if we see that. 0:01:52.960 --> 0:01:56.320 Bloomberg's Mary and Nicola are referring there to the supermajority 0:01:56.400 --> 0:01:58.640 of two thirds of the seats in India's lower House 0:01:58.680 --> 0:02:00.960 that Mody is seeking and it allow us pretty to 0:02:00.960 --> 0:02:04.120 amend the constitution. Stocks in India are down more than 0:02:04.200 --> 0:02:05.320 five percent. 0:02:05.200 --> 0:02:08.239 During the markets in the US, Karen a glitch during 0:02:08.240 --> 0:02:11.040 a software update at the New York Stock Exchange. That 0:02:11.160 --> 0:02:13.400 is what's getting the blame for sparking trading halts and 0:02:13.520 --> 0:02:17.600 falsely displaying ninety nine percent drops in companies including Warren 0:02:17.600 --> 0:02:21.480 Buffett's Berkshire Hathaway. The disruption is one of multiple trading 0:02:21.560 --> 0:02:24.520 kiccups in recent days. It was resolved after forty five 0:02:24.560 --> 0:02:28.440 minutes when the exchange reverted to running a different software system. 0:02:28.720 --> 0:02:32.160 Bloomberg Financier reporter Catherine Doherty says the frequency likely is 0:02:32.240 --> 0:02:33.600 not a coincidence. 0:02:34.000 --> 0:02:38.160 We have seen three incidents in the last week or 0:02:38.240 --> 0:02:41.960 so since T plus one was implemented, and every time 0:02:42.000 --> 0:02:44.919 that there's been incidents like this, the answer has been, oh, 0:02:44.919 --> 0:02:47.720 it's not tied to T plus one. But again, if 0:02:47.760 --> 0:02:50.920 you have the third time, I think the questions are 0:02:50.960 --> 0:02:53.960 still going to be asked and hopefully we'll get more answers. 0:02:54.600 --> 0:02:58.440 Bloomberg's Catherine Doherty says NYSE will cancel the bad trades 0:02:58.480 --> 0:03:01.359 and review the erroneous halts to determine whether to cancel 0:03:01.480 --> 0:03:02.040 any of those. 0:03:02.639 --> 0:03:05.360 Well. Nathan, the retail stock trader who drove the game 0:03:05.400 --> 0:03:08.080 stop craze, is apparently worth as much as two hundred 0:03:08.120 --> 0:03:11.440 and ninety million dollars. Keith gil who goes by Roaring 0:03:11.520 --> 0:03:14.880 Kitty on Reddit, posted a screenshot of his portfolio showing 0:03:14.919 --> 0:03:18.400 a huge bet on Game Stop. Bloomberg's Bailey Lipshaltz says 0:03:18.440 --> 0:03:20.959 it's impossible to verify if it's real. 0:03:21.120 --> 0:03:23.720 The last time he posted an update on that portfolio. 0:03:23.880 --> 0:03:26.080 Last time checking in on the portfolio was worth about 0:03:26.120 --> 0:03:29.320 thirty four million dollars, so a humongous jump in terms 0:03:29.320 --> 0:03:32.320 of the actual value underlying that position, in addition to 0:03:32.320 --> 0:03:35.560 the fact that there's some forty five million dollars potentially 0:03:35.560 --> 0:03:39.360 in cash. But nonetheless it drove a flory of trading activity. 0:03:39.280 --> 0:03:42.360 In Bloomberg's Biley lip Schultz adds there are questions about 0:03:42.360 --> 0:03:44.960 how far the game Stop rally can go, given them 0:03:44.960 --> 0:03:47.480 many changes since the meme rally in twenty twenty one, 0:03:47.920 --> 0:03:52.240 game Stop shares, which jump twenty one percent yesterday, are 0:03:52.560 --> 0:03:55.280 down well, actually now they're up again, up about one 0:03:55.320 --> 0:03:56.560 percent in early trading. 0:03:56.640 --> 0:03:58.120 Yeah, we'll have to be keeping an eye on that 0:03:58.160 --> 0:04:00.560 throughout the morning. Karen and can see to follow the 0:04:00.640 --> 0:04:04.080 chip wars as well, because the CEO of Intel is 0:04:04.160 --> 0:04:07.920 now firing back at Nvidia. Pad Gelsinger took the stage 0:04:07.960 --> 0:04:10.560 at the computext show in Taiwan to talk about new 0:04:10.600 --> 0:04:12.960 products you expect to help turn back the tide if 0:04:13.200 --> 0:04:17.120 share losses to peers like the AI chip Darling in Vidia, 0:04:17.200 --> 0:04:20.479 he did take a direct shot at Nvidia CEO Jensen 0:04:20.520 --> 0:04:24.160 Wong and his claim that traditional processors like Intel's are 0:04:24.480 --> 0:04:27.280 running out of steam in the age of artificial intelligence. 0:04:27.400 --> 0:04:29.960 Were looking out to have a billion transistors on a 0:04:30.000 --> 0:04:34.719 single chip and even looking to a trillion transistors in 0:04:34.760 --> 0:04:36.800 a single package by the end of the jet of 0:04:36.880 --> 0:04:39.960 the decade. And unlike what Jensen might have you believe 0:04:40.279 --> 0:04:42.640 Moore's law is alive and well. 0:04:44.960 --> 0:04:47.640 Intel CEO Pat Gelsinger, he was brought back to the 0:04:47.640 --> 0:04:50.120 company three years ago to turn its fortunes around and 0:04:50.160 --> 0:04:53.680 has spent heavily to revitalize Intel's offerings, building out a 0:04:53.800 --> 0:04:56.760 factory network. He has said, well, reclaim leadership in chip 0:04:56.760 --> 0:04:58.360 design and manufacturing. 0:04:58.839 --> 0:05:01.480 Well, let's stay in Asia. Than China is taking its 0:05:01.480 --> 0:05:04.400 domestic problems and exporting them to the rest of the world. 0:05:04.640 --> 0:05:08.000 That's what the US Ambassador to Japan, Rama Manuel is 0:05:08.040 --> 0:05:10.120 saying in an interview with Bloomberg Television. 0:05:10.480 --> 0:05:12.560 China is not going to win the Good Neighbor Award. 0:05:13.080 --> 0:05:14.919 They have a problem with India, they have a problem 0:05:14.920 --> 0:05:17.400 with the Philippines, they have a problem. They're right now 0:05:17.839 --> 0:05:21.520 creating economic coersion against Japan on Phish even though they're 0:05:21.560 --> 0:05:22.719 still fishing that area. 0:05:23.200 --> 0:05:27.880 RAMA Manual is accusing China of over manufacturing its subsidized prices. 0:05:28.000 --> 0:05:32.120 China denies that. President Xijianping says his country's exports are 0:05:32.160 --> 0:05:36.240 helping to ease global inflation and support the clean energy transition. 0:05:36.680 --> 0:05:39.719 Let's get to some more company news now. Karen Airbus 0:05:39.760 --> 0:05:42.800 maybe closing in on a deal with China. Bloomberg News 0:05:42.839 --> 0:05:45.600 has learned the planemakers negotiating a major sale of more 0:05:45.600 --> 0:05:49.320 than one hundred aircraft to the Asian nation. Talks have 0:05:49.440 --> 0:05:53.279 gained momentum since President Shi Jinping visited his French counterparty 0:05:53.320 --> 0:05:54.679 Manuel mccrawl last month. 0:05:55.320 --> 0:05:55.760 Well Nathan. 0:05:55.800 --> 0:05:59.039 Bank of America is changing its parental leave protocol in Asia. 0:05:59.080 --> 0:06:02.240 According to an internal memo, permanent employees will now be 0:06:02.279 --> 0:06:06.000 allowed twenty six weeks, of which sixteen weeks will be paid. 0:06:06.440 --> 0:06:09.599 Lenders across the region have been boosting parental leave. While 0:06:09.600 --> 0:06:13.239 Bank of America's new leave program offers more options for parents, 0:06:13.520 --> 0:06:16.440 the paid leave benefit falls short of what's offered in 0:06:16.520 --> 0:06:21.839 other banks. And it's time now for a look at 0:06:21.880 --> 0:06:23.800 some of the other stories making news in New York 0:06:23.800 --> 0:06:24.599 and around the world. 0:06:24.600 --> 0:06:27.440 For that, we're joined by Bloomberg's Michael Barr. Michael, good Morning, 0:06:27.520 --> 0:06:30.800 Good morning Karen. Today's primary day in New Jersey. It 0:06:30.839 --> 0:06:33.919 comes as Senator Bob Menendez has filed a petition to 0:06:33.960 --> 0:06:36.920 get on the US Senate ballot in New Jersey as 0:06:36.960 --> 0:06:41.520 an independent candidate in the November election. Menendez is standing 0:06:41.600 --> 0:06:44.960 trial on federal corruption charges. In a statement posting on 0:06:45.040 --> 0:06:48.839 social media, Menendez, who won his Senate seat as a Democrat, 0:06:49.120 --> 0:06:52.120 says he's more confident than ever that New Jersey ins 0:06:52.160 --> 0:06:54.760 and the rest of the American public will see me 0:06:55.040 --> 0:06:59.039 exonerated of what I am being accused of, and I 0:06:59.120 --> 0:07:02.720 will be realized to the Senate once again. Doctor Anthony 0:07:02.760 --> 0:07:05.560 Fauci returned to Capitol Hill to face questions from members 0:07:05.839 --> 0:07:09.760 of the House Select Subcommittee on the coronavirus pandemic. House 0:07:09.800 --> 0:07:14.240 Republicans grilled Fauci, who served as President Biden's chief medical advisor, 0:07:14.520 --> 0:07:18.520 on a number of pandemic era allegations. During the hearing, 0:07:18.640 --> 0:07:22.480 Fauci denied any cover ups, which he said have resulted 0:07:22.480 --> 0:07:24.160 in threats against him and his family. 0:07:24.680 --> 0:07:26.040 It is very troublesome to me. 0:07:27.440 --> 0:07:31.360 It is much more troublesome because they've involved my wife 0:07:31.400 --> 0:07:32.840 and my three daughters. 0:07:33.720 --> 0:07:37.080 During the nearly four hour hearing, Fauci defended his record 0:07:37.160 --> 0:07:41.440 as the face of the nation's pandemic response, facing hostile 0:07:41.480 --> 0:07:46.000 questions over policies like social distancing and masks. A crackdown 0:07:46.000 --> 0:07:49.000 on social media push by New York Governor Caathy Hokel 0:07:49.280 --> 0:07:53.040 appears to be gaining support among state lawmakers. The bill 0:07:53.080 --> 0:07:56.880 would ban social media companies from using algorithms on what 0:07:57.120 --> 0:08:00.800 miners see. The governor shared her concerns about kids' mental 0:08:00.840 --> 0:08:01.720 health last month. 0:08:01.960 --> 0:08:05.280 They're dealing with the negative effects on mental health that 0:08:05.440 --> 0:08:07.000 is driven by social media. 0:08:07.360 --> 0:08:10.160 The measure would ban apps from sending alerts to children 0:08:10.200 --> 0:08:13.480 between midnight and six am, and it would prohibit selling 0:08:13.520 --> 0:08:16.760 their data. The proposal is likely to face legal challenges. 0:08:16.800 --> 0:08:20.720 Amid free speech concerns, New York Mayor Eric Adams is 0:08:20.800 --> 0:08:24.280 sounding the alarm about unlicensed street vendors accompanied by minors. 0:08:24.600 --> 0:08:27.160 Adams says migrants should be allowed to work, and he 0:08:27.320 --> 0:08:30.400 once again slammed the federal response to the migrant crisis. 0:08:30.880 --> 0:08:32.880 Let them brok, not illegal. 0:08:33.000 --> 0:08:36.840 Bending is not broking it's illegal. 0:08:37.920 --> 0:08:39.160 I'm Michael Barr Kron. 0:08:40.000 --> 0:08:46.800 All right, Michael, thank you, Tae. Time now for the 0:08:46.840 --> 0:08:49.360 Bloomberg Sports Update with John Stanshawer. 0:08:49.480 --> 0:08:51.640 John, Good morning, Good morning, Karen. Was only two years 0:08:51.679 --> 0:08:55.520 ago that the Mets finished the season forty six games 0:08:55.520 --> 0:08:58.760 ahead of the Nationals. This season, Washington as the better record. 0:08:58.800 --> 0:09:00.880 Two teams begin a series of d Mets hung on 0:09:00.960 --> 0:09:02.920 at the end one eight to seven, and that scored 0:09:03.240 --> 0:09:05.440 twice in the ninth at the sign run a third, 0:09:05.520 --> 0:09:08.160 just the Mets sixth win in the last twenty one games. 0:09:08.160 --> 0:09:10.480 The Orioles won in Toronto seven to two. As hon 0:09:10.520 --> 0:09:12.760 as the Yankees have been. Baldom were only two and 0:09:12.800 --> 0:09:14.520 a half games behind in only one game in the 0:09:14.559 --> 0:09:16.679 lost column. Yanks back home from the seven to two 0:09:16.760 --> 0:09:19.880 road chip, they host Minnesota, who they swept in mid May. 0:09:19.920 --> 0:09:22.920 They took those three games by a combined fourteen to one. 0:09:23.000 --> 0:09:25.760 Quarterfinals against eighth the French Open Coco Golf takes on 0:09:26.120 --> 0:09:30.320 Hans Javor, Carlos Alcaraz meets Stefano sits Apasta and Neil 0:09:30.360 --> 0:09:33.359 Medmane have lost his fourth round match. No Bak Djokovic 0:09:33.440 --> 0:09:37.040 won his in his last two matches, Djokovic has played 0:09:37.080 --> 0:09:40.200 ten sets, been on the court for nine hours. A 0:09:40.240 --> 0:09:42.320 lot of attention still being paid to what happened in 0:09:42.320 --> 0:09:46.400 the WNBA game There's passed Saturday. Caitlyn Clark the recipient 0:09:46.520 --> 0:09:49.840 of a cheap shot hip check from Chicago's Kennedy Carter, 0:09:49.880 --> 0:09:52.760 who seemed to target Clark. She refused to talk about 0:09:52.800 --> 0:09:55.000 it after the game, but did speak yesterday. 0:09:55.320 --> 0:09:57.559 I'm a competitor, and I'm gonna compete no matter who 0:09:57.600 --> 0:09:59.400 you are and no matter who's in front of me. 0:10:00.200 --> 0:10:01.080 That's just what it was. 0:10:01.120 --> 0:10:02.040 Heated the moment play. 0:10:02.360 --> 0:10:04.079 We're getting at it. We're going back and forth a 0:10:04.200 --> 0:10:05.400 basketball to saw hooks. 0:10:05.679 --> 0:10:07.000 After we finished the game. 0:10:06.960 --> 0:10:07.560 It's all loved. 0:10:07.760 --> 0:10:10.520 Porter said she has no regrets. Clark and Indiana won 0:10:10.559 --> 0:10:12.280 the game by one point, but then lost Sunday to 0:10:12.320 --> 0:10:14.839 the Liberty by thirty six when Clark scored only three 0:10:14.840 --> 0:10:17.840 points in the Fevers record two and nine. NBA Hall 0:10:17.880 --> 0:10:21.319 of Famer Alonzo Morning, now fifty four, revealed he battled 0:10:21.320 --> 0:10:24.480 prostate cancer is now cancer free. NFL Hall of Famer 0:10:24.559 --> 0:10:27.400 Larry Allen died suddenly while on vacation in Mexico. He 0:10:27.480 --> 0:10:30.160 was fifty two. Allen an eleven time Pro Bowl alignment 0:10:30.480 --> 0:10:32.640 on the Dallas Cowboy teams that won three Super Bowls. 0:10:32.679 --> 0:10:35.040 Two days after Real Madrid won the Champions League, the 0:10:35.040 --> 0:10:37.679 team announced the sonning of the French star Chillian and 0:10:37.760 --> 0:10:40.760 Buppy Johns Stas Shawer Bloomberg Sports canadon. 0:10:43.440 --> 0:10:47.560 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:47.640 --> 0:10:50.520 and around the world on Bloomberg dot Com and the 0:10:50.600 --> 0:10:53.920 Bloomberg Business app. This is Bloomberg. 0:10:53.480 --> 0:10:57.559 Daybreak, Good Morning on Nathan Hager. Immigration and border security. 0:10:57.600 --> 0:10:59.760 They are the main issues for voters, at least some 0:10:59.800 --> 0:11:02.320 of them heading into the November election, and one of 0:11:02.360 --> 0:11:06.520 President Biden's biggest political liabilities as well. But now the 0:11:06.559 --> 0:11:10.120 President plans to tackle it later today with an executive 0:11:10.200 --> 0:11:14.120 order that would sharply curtail asylum claims at the US 0:11:14.160 --> 0:11:16.320 Mexico border. And for more on this, we're joined by 0:11:16.320 --> 0:11:19.920 Bloomberg New Senior editor Bill Ferries. Bill, Good morning. How 0:11:20.000 --> 0:11:22.720 sharply would this order curtail asylum claims? 0:11:24.080 --> 0:11:26.679 Well, what we're hearing right now, Nathan, is that you know, 0:11:26.720 --> 0:11:29.959 we've seen levels of about forty three hundred encounters per 0:11:30.040 --> 0:11:34.679 day at the border in April with undocumented migrants. This 0:11:34.760 --> 0:11:41.640 would kick This would kick in once this document that 0:11:41.679 --> 0:11:43.600 the President aside, we kick in when it hits twenty 0:11:43.600 --> 0:11:47.040 five hundred. You're talking about, you know, almost more than 0:11:47.120 --> 0:11:51.240 half of the asylum seekers at the April levels. But 0:11:51.320 --> 0:11:54.600 we've had levels of ten thousand per day at some 0:11:54.679 --> 0:11:57.520 points in this crisis. So it would be a real 0:11:57.600 --> 0:12:00.360 sharp curtailment from what we've seen a kind of the 0:12:00.360 --> 0:12:03.880 peak periods of the immigration flow across the border. 0:12:03.920 --> 0:12:06.680 Bill, Let's talk about the politics of this, because it 0:12:06.760 --> 0:12:09.760 seems like the pendulum has really swung when it comes 0:12:09.800 --> 0:12:15.120 to how Democrats and Republicans are encountering this issue. And 0:12:15.440 --> 0:12:17.320 you know, for I would order like this to come 0:12:17.640 --> 0:12:20.800 nearly five months to the day before the election. I mean, 0:12:20.880 --> 0:12:23.000 is there a question around the timing of this, whether 0:12:23.040 --> 0:12:24.920 the President is playing this for politics? 0:12:25.480 --> 0:12:28.079 Oh, there's absolutely no doubt about the timing. I mean, 0:12:28.160 --> 0:12:32.280 you know, we're more than three years into President Biden's 0:12:32.520 --> 0:12:36.360 term in office. You know, when he took office, there 0:12:36.480 --> 0:12:39.280 was a lot of frustration in both parties. I think 0:12:39.320 --> 0:12:43.000 about President Trump's previous policies, but the real focus when 0:12:43.040 --> 0:12:45.360 Biden took office was you know, the COVID crisis in 0:12:45.400 --> 0:12:49.280 getting vack scenes out. But to come around to immigration 0:12:50.440 --> 0:12:53.040 at you know, three and a half years later, I think, well, 0:12:53.520 --> 0:12:55.960 it does have a very strong appearance of being all 0:12:56.000 --> 0:12:58.719 about the politics. And I think that's the criticism you're 0:12:58.760 --> 0:13:02.560 going to hear from Republicans on this from the get go. 0:13:02.679 --> 0:13:04.199 It's going to be, hey, you know, where have you 0:13:04.320 --> 0:13:07.280 been on this? In that time, We've had hundreds of 0:13:07.320 --> 0:13:11.080 thousands of people come across the border, straining a lot 0:13:11.120 --> 0:13:13.640 of social services and cities, not just in the South, 0:13:13.720 --> 0:13:18.120 but you know, Texas has busted and flown more than 0:13:18.160 --> 0:13:22.360 one hundred and five thousand immigrants to other areas, including 0:13:22.400 --> 0:13:26.200 the northeast California, places like that. So I think the 0:13:26.240 --> 0:13:28.600 President's opponents will say it's been a long time coming. 0:13:29.120 --> 0:13:32.840 I guess the President and his supporters could say, well, 0:13:32.920 --> 0:13:35.920 we had a bipartisan deal in the Senate and Republicans 0:13:35.960 --> 0:13:36.400 spiked that. 0:13:38.000 --> 0:13:39.959 Yeah, And I think if you remember at the time, though, 0:13:40.000 --> 0:13:43.560 the White House's argument was that they wanted some authorities 0:13:43.600 --> 0:13:47.320 that they didn't think the President had. Assigning this executive 0:13:47.440 --> 0:13:49.760 order is going to raise questions about that. Now, this 0:13:49.920 --> 0:13:53.160 order is probably going to face some legal challenges. So 0:13:53.559 --> 0:13:57.640 whether it stands up in court after people go take 0:13:57.679 --> 0:14:00.560 that route with it remains to be seen. But I 0:14:00.559 --> 0:14:03.240 think the president's opponents on the Republican side at least 0:14:03.280 --> 0:14:05.560 will say he should have tried this earlier. And of 0:14:05.559 --> 0:14:07.760 course there's going to be a lot of politics on 0:14:07.800 --> 0:14:11.240 the Democratic side of this too, particularly on the President's left, 0:14:11.640 --> 0:14:13.800 from people who are not going to be supportive of 0:14:13.840 --> 0:14:14.599 this initiative. 0:14:14.840 --> 0:14:17.880 This is Bloomberg Daybreak Today, your morning brief on the 0:14:17.920 --> 0:14:21.320 stories making news from Wall Street to Washington and beyond. 0:14:21.600 --> 0:14:24.360 Look for us on your podcast feed at six am 0:14:24.440 --> 0:14:28.120 Eastern each morning, on Apple, Spotify, and anywhere else you 0:14:28.160 --> 0:14:29.400 get your podcasts. 0:14:29.480 --> 0:14:32.160 You can also listen live each morning starting at five 0:14:32.200 --> 0:14:34.800 am Wall Street time on Bloomberg eleven three to zero 0:14:34.880 --> 0:14:37.760 in New York, Bloomberg ninety nine to one in Washington, 0:14:37.800 --> 0:14:40.680 Bloomberg one oh six to one in Boston, and Bloomberg 0:14:40.760 --> 0:14:42.440 ninety sixty in San Francisco. 0:14:42.840 --> 0:14:45.960 Our flagship New York station is also available on your 0:14:46.040 --> 0:14:51.120 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:14:51.160 --> 0:14:54.880 Plus listen coast to coast on the Bloomberg Business app. SERRIUSXM. 0:14:55.040 --> 0:14:58.640 The iHeartRadio app and on Bloomberg dot Com. I'm Nathan 0:14:58.640 --> 0:14:59.880 Hager and I'm Karen Moss. 0:15:00.440 --> 0:15:03.200 Join us again tomorrow morning for all the news you 0:15:03.320 --> 0:15:06.520 need to start your day, right here on Bloomberg Daybreak