RUSH TRANSCRIPT Money s ░░░░░░░░ it seems like private ░░░░░░░░ hi Peter thanks how ░░░░░░░░ for joining us Peter ░░░░░░░░ users senior vp of ░░░░░░░░ management and research at ░░░░░░░░ commonwealth Looking at these ░░░░░░░░ is little bit of ░░░░░░░░ lift Your little bit ░░░░░░░░ Keen on the screen ░░░░░░░░ as mp up about ░░░░░░░░ tenths of one percent ░░░░░░░░ nest egg up about ░░░░░░░░ almost four tenths of ░░░░░░░░ percent a little bit ░░░░░░░░ a lift their on ░░░░░░░░ back of that inflation ░░░░░░░░ from earlier right Now ░░░░░░░░ s head down to ░░░░░░░░ get moving Thanks Paul ░░░░░░░░ house is still without ░░░░░░░░ leader although g o ░░░░░░░░ lawmakers are meeting behind ░░░░░░░░ doors right now they ░░░░░░░░ have a nominee Steve ░░░░░░░░ that while he did ░░░░░░░░ his opponent Jim Jordan ░░░░░░░░ another closed door meeting ░░░░░░░░ yesterday he does not ░░░░░░░░ to have the votes ░░░░░░░░ be elected by the ░░░░░░░░ chamber Israel is continuing ░░░░░░░░ s key campaign to ░░░░░░░░ Hamas in the six ░░░░░░░░ of their war Prime ░░░░░░░░ Benjamin Netanyahu says it ░░░░░░░░ time to stand tall ░░░░░░░░ evil Hamas has shown ░░░░░░░░ to be an enemy ░░░░░░░░ civilization The massacring of ░░░░░░░░ people in an outdoor ░░░░░░░░ festival the butchering of ░░░░░░░░ jar firms the murder ░░░░░░░░ parents in front of ░░░░░░░░ children and the murder ░░░░░░░░ children in front of ░░░░░░░░ parents Netanyahu spoke alongside ░░░░░░░░ state Antony Blinken who ░░░░░░░░ arrived in Israel Lincoln ░░░░░░░░ Israel has America s ░░░░░░░░ support We must stand ░░░░░░░░ Resolved to confront what ░░░░░░░░ worst among humanity With ░░░░░░░░ is best Blinken says ░░░░░░░░ usa supplying ammunition interceptors ░░░░░░░░ replenish Israel s iron ░░░░░░░░ as well as other ░░░░░░░░ Material Congress is working ░░░░░░░░ add to that emergency ░░░░░░░░ and Republican senator John ░░░░░░░░ wants any Israeli package ░░░░░░░░ also include aid to ░░░░░░░░ This is part of ░░░░░░░░ responsibility I believe we ░░░░░░░░ Americans barefoot living in ░░░░░░░░ most prosperous strongest country ░░░░░░░░ the world hornets views ░░░░░░░░ are not supported by ░░░░░░░░ hardline house Republicans you ░░░░░░░░ officials in the qatari ░░░░░░░░ have reportedly agreed to ░░░░░░░░ Iran from accessing a ░░░░░░░░ billion dollar account for ░░░░░░░░ needs The Washington Post ░░░░░░░░ it s due to ░░░░░░░░ possible involvement in Hamas ░░░░░░░░ and you as senator ░░░░░░░░ Menendez from New Jersey ░░░░░░░░ a new criminal charge ░░░░░░░░ conspiring to act as ░░░░░░░░ unregistered far an agent ░░░░░░░░ Egypt This is in ░░░░░░░░ revised indictment returned today ░░░░░░░░ news 20 four hours ░░░░░░░░ day powered by more ░░░░░░░░ 20 seven hundred journalists ░░░░░░░░ analysts in over one ░░░░░░░░ and 20 countries Markets ░░░░░░░░ and breaking news 20 ░░░░░░░░ hours a day Don ░░░░░░░░ count on bloomberg television ░░░░░░░░ business this is a ░░░░░░░░ business lounge While forty ░░░░░░░░ walls we we do ░░░░░░░░ mark it s all ░░░░░░░░ long at bloomberg with ░░░░░░░░ dow the us and ░░░░░░░░ NASDAQ they are in ░░░░░░░░ green treasury yields are ░░░░░░░░ Stocks though have been ░░░░░░░░ as the latest reading ░░░░░░░░ consumer prices bolstered speculation ░░░░░░░░ the Fed is nowhere ░░░░░░░░ declaring victory over inflation ░░░░░░░░ bets on another rate ░░░░░░░░ greece back to coin ░░░░░░░░ territory So here s ░░░░░░░░ we stand as be ░░░░░░░░ eight points right now ░░░░░░░░ forty three 80 four ░░░░░░░░ is a gain of ░░░░░░░░ tenths of one percent ░░░░░░░░ our little changed up ░░░░░░░░ points on NASDAQ composite ░░░░░░░░ up Forty eight points ░░░░░░░░ by on for tents ░░░░░░░░ percent 10 year yield ░░░░░░░░ point six five percent ░░░░░░░░ to you re right ░░░░░░░░ five point six percent ░░░░░░░░ gold down one of ░░░░░░░░ half dollars the ounce ░░░░░░░░ 18 seventy four a ░░░░░░░░ change their while west ░░░░░░░░ intermediate crude is down ░░░░░░░░ tenths of one percent ░░░░░░░░ three 30 one a ░░░░░░░░ on w t I ░░░░░░░░ consumer prices did advance ░░░░░░░░ a brisk pace for ░░░░░░░░ second month reinforcing the ░░░░░░░░ intent to keep interest ░░░░░░░░ high and bring down ░░░░░░░░ reaction to the inflation ░░░░░░░░ this morning from bill ░░░░░░░░ who is co cio ░░░░░░░░ epic investment partners And ░░░░░░░░ was against guess this ░░░░░░░░ on bloomberg surveillance One ░░░░░░░░ the interesting things that ░░░░░░░░ tend to forget about ░░░░░░░░ The a patient data ░░░░░░░░ he loads of inflation ░░░░░░░░ year on year inflation ░░░░░░░░ even though inflation moderated ░░░░░░░░ the four percent because ░░░░░░░░ anthem big increase over ░░░░░░░░ Latin 20 four you ░░░░░░░░ over the last couple ░░░░░░░░ years consumers that really ░░░░░░░░ their spending on every ░░░░░░░░ a that That is ░░░░░░░░ balloon and you can ░░░░░░░░ more than conversation on ░░░░░░░░ surveillance podcast You can ░░░░░░░░ it wherever you get ░░░░░░░░ podcast deltas reporting quarterly ░░░░░░░░ that beat estimates but ░░░░░░░░ carrier cut the high ░░░░░░░░ of it s outlook ░░░░░░░░ 20 20 20 20 ░░░░░░░░ profit on rising fuel ░░░░░░░░ and larger than expected ░░░░░░░░ maintenance cause dealt out ░░░░░░░░ by nine tenths of ░░░░░░░░ percent data for broken ░░░░░░░░ The stock is down ░░░░░░░░ four point four percent ░░░░░░░░ m Charlie patton than ░░░░░░░░ is a bloomberg business ░░░░░░░░ I try to thank ░░░░░░░░ so much We appreciate ░░░░░░░░ we re broadcasting live ░░░░░░░░ common was 20 20 ░░░░░░░░ national financial advisors conference ░░░░░░░░ the gaylord rockies resort ░░░░░░░░ Aurora Colorado like he ░░░░░░░░ want to do Matt ░░░░░░░░ left us abandoned us ░░░░░░░░ he makes over to ░░░░░░░░ TV studio for his ░░░░░░░░ duties here today but ░░░░░░░░ the way we get ░░░░░░░░ men she s our ░░░░░░░░ reporter for bloomberg news ░░░░░░░░ a frequent contributor to ░░░░░░░░ markets Programs she s ░░░░░░░░ us for next few ░░░░░░░░ Just how are you ░░░░░░░░ you thanks for having ░░░░░░░░ As always you know ░░░░░░░░ got It was interesting ░░░░░░░░ looking at some of ░░░░░░░░ sizes Pope since it ░░░░░░░░ Thursday heading into Friday ░░░░░░░░ when you look at ░░░░░░░░ the sb five hundred ░░░░░░░░ this week up over ░░░░░░░░ and a half percent ░░░░░░░░ actually up and we ░░░░░░░░ be on pace for ░░░░░░░░ s best weeks since ░░░░░░░░ First that we get ░░░░░░░░ their and then obviously ░░░░░░░░ before that the last ░░░░░░░░ percent week was add ░░░░░░░░ July 20 eight so ░░░░░░░░ was win the around ░░░░░░░░ time The p five ░░░░░░░░ actually picked out there ░░░░░░░░ Yeah instincts or keep ░░░░░░░░ eye on that relevant ░░░░░░░░ your joints as he ░░░░░░░░ a managing principal at ░░░░░░░░ advisors right thing So ░░░░░░░░ for joining us here ░░░░░░░░ s been you don ░░░░░░░░ September October to tough ░░░░░░░░ for markets historically just ░░░░░░░░ at the calendar What ░░░░░░░░ you telling your clients ░░░░░░░░ days about how far ░░░░░░░░ should go out on ░░░░░░░░ risk profile or should ░░░░░░░░ do what I m ░░░░░░░░ just sitting and to ░░░░░░░░ treasuries Yeah it s ░░░░░░░░ lot of different conversations ░░░░░░░░ re having but for ░░░░░░░░ most part it s ░░░░░░░░ keep your equities and ░░░░░░░░ lighter side of what ░░░░░░░░ target allocation would be ░░░░░░░░ if you re a ░░░░░░░░ that would typically own ░░░░░░░░ between fifty and seventy ░░░░░░░░ percent of their portfolio ░░░░░░░░ equities you might be ░░░░░░░░ to fifty percent Maybe ░░░░░░░░ percent keep it high ░░░░░░░░ I think you re ░░░░░░░░ to how how much ░░░░░░░░ cash is paying these ░░░░░░░░ in the two year ░░░░░░░░ It s a lot ░░░░░░░░ competition for the stock ░░░░░░░░ competition We haven t ░░░░░░░░ in a lot a ░░░░░░░░ so I think investors ░░░░░░░░ kind of woken up ░░░░░░░░ that Unfortunately if you ░░░░░░░░ bonds in a portfolio ░░░░░░░░ you expect those to ░░░░░░░░ a ballast but yeah ░░░░░░░░ are just been wallet ░░░░░░░░ the last 18 months ░░░░░░░░ I think at this ░░░░░░░░ most people can say ░░░░░░░░ we get no more ░░░░░░░░ hikes one more rate ░░░░░░░░ to more heights yum ░░░░░░░░ majority of that work ░░░░░░░░ been done and so ░░░░░░░░ a fixed income perspective ░░░░░░░░ think you should be ░░░░░░░░ comfortable owning your bonds ░░░░░░░░ this level You should ░░░░░░░░ a nice Return going ░░░░░░░░ Paul brought up seasonality ░░░░░░░░ wanted to point out ░░░░░░░░ is October 11 so ░░░░░░░░ means one year ago ░░░░░░░░ the p five hundred ░░░░░░░░ was weird actually bottomed ░░░░░░░░ you look at that ░░░░░░░░ then the us and ░░░░░░░░ five hundred is up ░░░░░░░░ 20 two percent What ░░░░░░░░ your view on where ░░░░░░░░ market has come since ░░░░░░░░ In where you think ░░░░░░░░ especially because of the ░░░░░░░░ quarter typically October obviously ░░░░░░░░ a bad reputation But ░░░░░░░░ it s coming off ░░░░░░░░ the back of the ░░░░░░░░ worst month of the ░░░░░░░░ in October has been ░░░░░░░░ to be that bear ░░░░░░░░ Yeah right I mean ░░░░░░░░ 80 percent of economists ░░░░░░░░ time last year predicted ░░░░░░░░ session for now with ░░░░░░░░ thought We d see ░░░░░░░░ consecutive quarters of negative ░░░░░░░░ as it turns out ░░░░░░░░ m probably going to ░░░░░░░░ one of the best ░░░░░░░░ in the last 10 ░░░░░░░░ growth down the top ░░░░░░░░ it s probably so ░░░░░░░░ most people or wrong ░░░░░░░░ that s just how ░░░░░░░░ guys you just have ░░░░░░░░ have a plan of ░░░░░░░░ We can stick to ░░░░░░░░ and be disciplined and ░░░░░░░░ investors can can do ░░░░░░░░ as if they move ░░░░░░░░ asset allocation yeah within ░░░░░░░░ but they don t ░░░░░░░░ to time the market ░░░░░░░░ that s what we ░░░░░░░░ If it s looking ░░░░░░░░ from an earnings perspective ░░░░░░░░ always interested in July ░░░░░░░░ we thought earnings would ░░░░░░░░ negative for this quarter ░░░░░░░░ out they re going ░░░░░░░░ be positive So again ░░░░░░░░ were wrong and I ░░░░░░░░ will be wrong again ░░░░░░░░ quarter they re looking ░░░░░░░░ almost 10 to eleven ░░░░░░░░ for for que four ░░░░░░░░ happy that just gonna ░░░░░░░░ really challenging If get ░░░░░░░░ 20 five million people ░░░░░░░░ to start pace do ░░░░░░░░ debt back and and ░░░░░░░░ don t how much ░░░░░░░░ these consumers are going ░░░░░░░░ be willing to absorb ░░░░░░░░ price increases I wanted ░░░░░░░░ actually follow up on ░░░░░░░░ radio has with the ░░░░░░░░ increases is something pollen ░░░░░░░░ have talked a lot ░░░░░░░░ because of the concerns ░░░░░░░░ lingering concerns about a ░░░░░░░░ But what are you ░░░░░░░░ think because I know ░░░░░░░░ loan resumption starting this ░░░░░░░░ But what do you ░░░░░░░░ think it s going ░░░░░░░░ take to because we ░░░░░░░░ looking at particularly traveling ░░░░░░░░ hasn t been a ░░░░░░░░ as international but it ░░░░░░░░ like Especially have the ░░░░░░░░ seasons People are still ░░░░░░░░ to pay up For ░░░░░░░░ here when they re ░░░░░░░░ Yeah mean I think ░░░░░░░░ probably work much better ░░░░░░░░ than we thought during ░░░░░░░░ couple years when people ░░░░░░░░ getting paid not to ░░░░░░░░ and so that cash ░░░░░░░░ running low would have ░░░░░░░░ just keep an eye ░░░░░░░░ the the credit card ░░░░░░░░ and their reporting and ░░░░░░░░ far in a credit ░░░░░░░░ are willing to go ░░░░░░░░ some point It stop ░░░░░░░░ at some point You ░░░░░░░░ to make a decision ░░░░░░░░ to buy that new ░░░░░░░░ appliance or a car ░░░░░░░░ to save the money ░░░░░░░░ the bag Maybe you ░░░░░░░░ uncertain about your job ░░░░░░░░ yeah There s these ░░░░░░░░ take time to play ░░░░░░░░ They don t tend ░░░░░░░░ it happen as quickly ░░░░░░░░ people would forecast So ░░░░░░░░ still think that s ░░░░░░░░ coming yeah I don ░░░░░░░░ think we re going ░░░░░░░░ get out of this ░░░░░░░░ recession So when you ░░░░░░░░ looking at stocks you ░░░░░░░░ how important art dividends ░░░░░░░░ you given where we ░░░░░░░░ in in kind of ░░░░░░░░ cycle of the economic ░░░░░░░░ given the industry backed ░░░░░░░░ have you think that ░░░░░░░░ when you re looking ░░░░░░░░ equities The critical I ░░░░░░░░ really especially in these ░░░░░░░░ You want companies that ░░░░░░░░ cash to shareholders in ░░░░░░░░ different forms but dividends ░░░░░░░░ great especially if they ░░░░░░░░ yeah you have a ░░░░░░░░ tax position the other ░░░░░░░░ nice we re looking ░░░░░░░░ companies that are under ░░░░░░░░ right now I think ░░░░░░░░ companies that loaded up ░░░░░░░░ a lot of debt ░░░░░░░░ if it was floating ░░░░░░░░ s all going to ░░░░░░░░ refinanced at this year ░░░░░░░░ year the year after ░░░░░░░░ and so interest cause ░░░░░░░░ re going to balloon ░░░░░░░░ a lot of these ░░░░░░░░ so we want to ░░░░░░░░ won t come it ░░░░░░░░ that really strong cash ░░░░░░░░ of course but also ░░░░░░░░ sheets Who are companies ░░░░░░░░ turned out their debt ░░░░░░░░ a long time horizons ░░░░░░░░ have little to no ░░░░░░░░ That would be even ░░░░░░░░ think those companies will ░░░░░░░░ very well We only ░░░░░░░░ about a minute left ░░░░░░░░ but your thoughts heading ░░░░░░░░ Friday especially with a ░░░░░░░░ of these big banks ░░░░░░░░ on tap specially j ░░░░░░░░ Morgan city wells fargo ░░░░░░░░ had some regional bank ░░░░░░░░ to in addition to ░░░░░░░░ black rock as well ░░░░░░░░ p and see what ░░░░░░░░ you want to hear ░░░░░░░░ these banks in wouldn ░░░░░░░░ particular Are you looking ░░░░░░░░ While deposits for sure ░░░░░░░░ mean yeah I thought ░░░░░░░░ d seen more stress ░░░░░░░░ the banking system after ░░░░░░░░ sb be situation and ░░░░░░░░ credit suisse edges with ░░░░░░░░ hasn t played out ░░░░░░░░ If you remember back ░░░░░░░░ two thousand and eight ░░░░░░░░ is like in March ░░░░░░░░ then again in September ░░░░░░░░ where more stress came ░░░░░░░░ so again these things ░░░░░░░░ I can take some ░░░░░░░░ but I want to ░░░░░░░░ that the banks views ░░░░░░░░ their own deposits Yeah ░░░░░░░░ ve seen a lotta ░░░░░░░░ moving large amounts of ░░░░░░░░ out of their banks ░░░░░░░░ the banks to still ░░░░░░░░ t paying competitive rates ░░░░░░░░ mentioned to your treasuries ░░░░░░░░ over five percent a ░░░░░░░░ of money mark It ░░░░░░░░ be there true so ░░░░░░░░ hear about the closet ░░░░░░░░ and then it s ░░░░░░░░ are spending I write ░░░░░░░░ you So much for ░░░░░░░░ us really appreciate it ░░░░░░░░ a ballenger he s ░░░░░░░░ managing principal advisors getting ░░░░░░░░ his thoughts on these ░░░░░░░░ Marxist smits higher here ░░░░░░░░ this this morning have ░░░░░░░░ This is bloomberg The ░░░░░░░░ does right now potato ░░░░░░░░ Paula highly profitable court ░░░░░░░░ up factor in Kentucky ░░░░░░░░ become the latest strike ░░░░░░░░ for the United Auto ░░░░░░░░ Burkes can greifswald has ░░░░░░░░ what went wrong court ░░░░░░░░ week had proposed a ░░░░░░░░ three per cent raise ░░░░░░░░ Sean faint said last ░░░░░░░░ was the top offer ░░░░░░░░ they had received but ░░░░░░░░ wouldn t raise that ░░░░░░░░ any higher at a ░░░░░░░░ p And meeting yesterday ░░░░░░░░ of course led the ░░░░░░░░ a w to announce ░░░░░░░░ walk out just hours ░░░░░░░░ now ford has called ░░░░░░░░ union s decision quote ░░░░░░░░ irresponsible and word of ░░░░░░░░ after shots for both ░░░░░░░░ and customers Now that ░░░░░░░░ plant generates about 20 ░░░░░░░░ billion dollars a year ░░░░░░░░ revenue for cheers years ░░░░░░░░ now down about wanting ░░░░░░░░ Half percent to Hollywood ░░░░░░░░ talks are said to ░░░░░░░░ broken down between striking ░░░░░░░░ in the studios bloomberg ░░░░░░░░ already passed that story ░░░░░░░░ after roasted industry c ░░░░░░░░ o s walked away ░░░░░░░░ refusing to counter the ░░░░░░░░ union offer a group ░░░░░░░░ the studios the unions ░░░░░░░░ offer would cost more ░░░░░░░░ eight hundred million a ░░░░░░░░ Or and create an ░░░░░░░░ economic burden the lines ░░░░░░░░ motion picture and television ░░░░░░░░ it s as they ░░░░░░░░ contract offer to the ░░░░░░░░ is just as good ░░░░░░░░ a deal that recently ░░░░░░░░ A writers strike will ░░░░░░░░ in with chairs of ░░░░░░░░ right now they re ░░░░░░░░ about half a percent ░░░░░░░░ job cuts could be ░░░░░░░░ to netflix as a ░░░░░░░░ restructures It s animation ░░░░░░░░ of variety reports of ░░░░░░░░ will also shut down ░░░░░░░░ films Currently in pre ░░░░░░░░ it s it s ░░░░░░░░ streamer is looking to ░░░░░░░░ outside producers to keep ░░░░░░░░ s animated content volume ░░░░░░░░ netflix shares right now ░░░░░░░░ just a fraction Those ░░░░░░░░ the company stories we ░░░░░░░░ following this Our I ░░░░░░░░ least mateo and this ░░░░░░░░ bloomberg this is bloomberg ░░░░░░░░ we really miller on ░░░░░░░░ radio looking at market ░░░░░░░░ on this Thursday afternoon ░░░░░░░░ mixed up there the ░░░░░░░░ up just fractionally up ░░░░░░░░ one tenth of one ░░░░░░░░ with fels bunch of ░░░░░░░░ thing that the mess ░░░░░░░░ up but said look ░░░░░░░░ the space that us ░░░░░░░░ movement there We got ░░░░░░░░ tenure of eleven basis ░░░░░░░░ here We have a ░░░░░░░░ year now Four point ░░░░░░░░ seven percent social movement ░░░░░░░░ in the rates to ░░░░░░░░ Europe still get four ░░░░░░░░ zero seven on a ░░░░░░░░ year and on the ░░░░░░░░ that deputy like oil ░░░░░░░░ about a half a ░░░░░░░░ 80 three dollars right ░░░░░░░░ 80 three dollars here ░░░░░░░░ continue to pull back ░░░░░░░░ little bit off of ░░░░░░░░ early week surgery So ░░░░░░░░ right now let s ░░░░░░░░ on the Washington D ░░░░░░░░ get more the national ░░░░░░░░ with Nancy Thanks Paul ░░░░░░░░ as secretary of state ░░░░░░░░ Blinken who was making ░░░░░░░░ rounds in Israel is ░░░░░░░░ as travel schedule and ░░░░░░░░ go to doha later ░░░░░░░░ week to discuss Hamas ░░░░░░░░ qatari leaders Cutter is ░░░░░░░░ as a possible intermediary ░░░░░░░░ discussions about hostages being ░░░░░░░░ by Hamas and it ░░░░░░░░ also overseeing the release ░░░░░░░░ six billion dollars Iranian ░░░░░░░░ the Washington Post is ░░░░░░░░ The us and cutter ░░░░░░░░ agreed to stop Iran ░░░░░░░░ accessing that money Secretary ░░░░░░░░ said so far None ░░░░░░░░ it has been released ░░░░░░░░ have strict oversight of ░░░░░░░░ funds and we retain ░░░░░░░░ right to freeze the ░░░░░░░░ and says he ll ░░░░░░░░ be visiting Saudi Arabia ░░░░░░░░ United Arab Emirates and ░░░░░░░░ The death toll is ░░░░░░░░ to more than 20 ░░░░░░░░ hundred in the war ░░░░░░░░ Israel and Hamas 20 ░░░░░░░░ Americans are included in ░░░░░░░░ count plus there are ░░░░░░░░ people missing and many ░░░░░░░░ to be hostages The ░░░░░░░░ committee of the Red ░░░░░░░░ says it s been ░░░░░░░░ touch with Hamas and ░░░░░░░░ authorities as it works ░░░░░░░░ secure their release U ░░░░░░░░ defense secretary Austin has ░░░░░░░░ meeting with his NATO ░░░░░░░░ today in Brussels and ░░░░░░░░ questions about usa to ░░░░░░░░ and Ukraine Light of ░░░░░░░░ about civilian casualties are ░░░░░░░░ in a new version ░░░░░░░░ go to Austin was ░░░░░░░░ of were any restrictions ░░░░░░░░ judge to supply you ░░░░░░░░ weapons Conditions or or ░░░░░░░░ bush recruitment this was ░░░░░░░░ professional military led by ░░░░░░░░ leadership We were whole ░░░░░░░░ very would do Google ░░░░░░░░ earnings from a prosecution ░░░░░░░░ per view us intelligence ░░░░░░░░ that Hamas and version ░░░░░░░░ Israel was coming Austin ░░░░░░░░ it did not We ░░░░░░░░ shrink boomer no newberg ░░░░░░░░ we re still waiting ░░░░░░░░ learn When House Republicans ░░░░░░░░ take a floor vote ░░░░░░░░ speaker of the House ░░░░░░░░ leader Steve lease is ░░░░░░░░ nominees but there are ░░░░░░░░ over whether he ll ░░░░░░░░ able to garner the ░░░░░░░░ needed to win the ░░░░░░░░ Global lose 20 four ░░░░░░░░ a day powered by ░░░░░░░░ than 20 seven hundred ░░░░░░░░ and analysts in over ░░░░░░░░ hundred and 20 countries ░░░░░░░░ m Nancy lions now ░░░░░░░░ to You and jess ░░░░░░░░ thank you so much ░░░░░░░░ appreciate it just met ░░░░░░░░ sitting in for Matt ░░░░░░░░ pulse need here I ░░░░░░░░ in Colorado I am ░░░░░░░░ in Aurora Colorado the ░░░░░░░░ s 20 20 three ░░░░░░░░ financial advisors conference the ░░░░░░░░ rockies resort in Aurora ░░░░░░░░ Eight it just can ░░░░░░░░ a story here we ░░░░░░░░ a couple strike still ░░░░░░░░ at least the actors ░░░░░░░░ think Hollywood think Los ░░░░░░░░ and the auto workers ░░░░░░░░ Detroit Delta comes out ░░░░░░░░ delta airlines is it ░░░░░░░░ also feeling pain from ░░░░░░░░ strikes that a battering ░░░░░░░░ entertainment and autumn but ░░░░░░░░ automotive industries and the ░░░░░░░░ is probably greater than ░░░░░░░░ other carrier That s ░░░░░░░░ delta has hub airports ░░░░░░░░ Los Angeles the center ░░░░░░░░ the ongoing act strike ░░░░░░░░ Detroit which is a ░░░░░░░░ metropolitan area for automakers ░░░░░░░░ would not have guessed ░░░░░░░░ before they said that ░░░░░░░░ in looking at negotiate ░░░░░░░░ Hollywood studios in in ░░░░░░░░ sag actors union were ░░░░░░░░ suspended today because of ░░░░░░░░ in key areas It ░░░░░░░░ still not surprisingly including ░░░░░░░░ and we ve talked ░░░░░░░░ lot about this Paul ░░░░░░░░ especially dashing some of ░░░░░░░░ hopes that the month ░░░░░░░░ dispute will ensue members ░░░░░░░░ the U a w ░░░░░░░░ extended their strike and ░░░░░░░░ re talking about this ░░░░░░░░ to Paul with ford ░░░░░░░░ remaining off the job ░░░░░░░░ with some when it ░░░░░░░░ to gm instantly interests ░░░░░░░░ looking at delta stock ░░░░░░░░ symbol d a l ░░░░░░░░ re down about one ░░░░░░░░ of the percent on ░░░░░░░░ back of obviously that ░░░░░░░░ report that we saw ░░░░░░░░ this morning Yeah those ░░░░░░░░ surprised that the in ░░░░░░░░ auto site seems like ░░░░░░░░ pricing of the increases ░░░░░░░░ rising Think 20 three ░░░░░░░░ leaders of the latest ░░░░░░░░ and then in Hollywood ░░░░░░░░ mean you got of ░░░░░░░░ deal done I kind ░░░░░░░░ thought the writers deal ░░░░░░░░ The actors were kind ░░░░░░░░ form line but neither ░░░░░░░░ working out at the ░░░░░░░░ We still have some ░░░░░░░░ stoppages Out there that ░░░░░░░░ to deal with are ░░░░░░░░ up Sound on with ░░░░░░░░ Matthew from Washington D ░░░░░░░░ is one that starts ░░░░░░░░ now From our nation ░░░░░░░░ capital he s super ░░░░░░░░ The Biden Administration says ░░░░░░░░ re making gotten a ░░░░░░░░ held from ballooning budget deficit