romaine: i'm romaine bostic. caroline: i'm caroline hyde. we've had a full hour of coverage, we've seen people shot and wounded and another six affected by what was a shooting occurring in brooklyn, sun set park, 8:24 a.m. is when the police arrived. romaine: we're now heading into the evening rush hour and awaiting another update from law enforcement as to the search for the gunman who still remains at

large and looking for an update of those folks injured. last told it was 16 people total who had been injured and 60's them shot and we know five of those folks, at least based on the last briefing were in critical but stable condition. more importantly, caroline, there are a lot of concerns about the broader public safety issues that of course really were pivotal in the most resumerral campaign, a mayor now at home because of covid. caroline: indeed. we've heard throughout the days the likes of the governor and we've been hearing from the deputy mayor, the first deputy mayor and we'll hear from plenty more and we'll hear from the 45th police commissioner sewell and many of these people relatively new in their administration. let's see how the 5:00 p.m. rush home is looking in a infrastructure that's been

ground to a halt by the 36th street stop at sunset park in brooklyn. kriti gupta is on the ground. kriti: we'll perhaps get new numbers of how many people were affected by this shooting. the official numbers we have from the fire department come to 16 and 10 of them shot and others dealing with smoke inhalation and shrapnel and mental trauma as well and that being said since that conference at 12:00 today local time, you have heard other reports those injuries and those people affected, that number has risen to as many as 29 people. we will be waiting for more numbers on how many people are affected and what those injuries look like as well as if they're still in critical condition. as as far as what's going on the ground, the 36th street subway station is actually closed. it's not clear if that crime scene will be completely cleared by the end of the day. it was the expectation early on

when we came here. the other expectation simply is do you see this function on the b lines and w lines that were closed down and are active tomorrow morning. those are the questions a lot of people will be asking. romaine: we still have no real update on when the next nypd briefing will start and of course when it does we will of course have coverage of anything that comes out of it. when we talk about the surrounding neighborhood you're standing in now, we know a little earlier there had been several schools effectively that had been sheltering in place. have those students been allowed to leave yet? kriti: those students have been allowed to leave and you had school buss in a police guarded area slowly come in and pick them up and parents had been allowed to pick up children and there was hesitancy to do so since the gunman was at large but since then we've had a orderly move out from the brooklyn schools especially the one we're standing next to, sunset high and another question

is will school be in session tomorrow given the gunman is still at large and of course after school activities, sports, etc. were canceled for the area today. caroline: when we look really at the tall of this taking on the community as well and have you managed to speak to the local business owners and restaurants and how they're feeling about their own safety at the moment? kriti: what's interesting here is you do have a lot of the restaurants open and at normal time, say, 24 hours ago this restaurant street, had hub -- this hub outside the subway station would be busy after the lunch hour and we haven't seen that even with the police cleared and the traffic has come back but not the normal rush hour traffic and it's very clear perhaps there isn't that full recovery as perhaps as was intended but the question is does it stay that way tomorrow and see if perhaps overnight that changes. romaine: where you're standing on 36th street based on what we know so far is the shooting occurred on a moving subway train and the shooter got on at

a different stop here but all of these events sort of terminated at the station you're at, correct? kriti: correct. basically the series of events, as it goes the gunman boarded the l line towards manhattan and essentially released a smoke canister after putting a gas mask on himself and he was wearing a construction vest as well of lime green and released the smoke canister within the train station, the car when the subway pulled up to the platform essentially the doors open and the smoke came out and filled the entire platform, the entire station and really was when it was discovered as many as 10 people, the official numbers we have so far were shot. of course several others injured and essentially it was panic and chaos and people running to come out of the station going to other stations and really trying to get to a different route when it comes to commuting to manhattan and a lot injured and a lot left behind in the station. caroline: meanwhile we want to bring in our new york bureau chief, shelly banjo, who has

been with the story the entire day talking about the question of leadership at this moment. this is of course a extraordinary event for a leader of a city or governor of a state but this evidently is about crime and something the city has been crying to combat for a while now. shelly: this is a pivotal moment for the city because the mayor is saying come back to the office and come back to the restaurants and dropping some of the mandates we've had the past few years with covid and then you have something like this with an image of someone dropping smoke on a subway where people can't escape and that's a powerful image that won't just necessarily go away very easily. romaine: there's been talk about resources the police need and resources to make things safer here and there's an issue of

infrastructure and we heard cameras in this particular station there weren't cameras that were operational and weren't able to capture the incident and when we hear from eric adams and public safety is there a broader narrative behind this other than increased funding for police? shelly: that's the thing that doesn't make sense yet, are you just going to increase the amount of people on the platforms or increase the amount of funding going to police or are you going to take a really comprehensive look at how you've been policing and what tools you've been using? adams talked about increasing technology, for example, on subway platforms and using the federal stimulus fund new york got to make this the subways safer and better experience for their riders but it's still continuing to be a big problem for new york city and not something that can go away in the first few months of the

mayor's office. caroline: this area is a place people change stops at sunset and it's been a integral point. shelly: a cross section when it comes to the residential neighborhood and we have pools and parks here and several restaurants and delis here as well as a hospital a couple blocks over. once again in terms of the local community, this is a very crucial intersection. to your point about commuting, this is the intersection where a lot of people switch train lines to commute into manhattan and wall street and will be another question simply of why this particular station was targeted when it comes to the cameras that malfunctioned but why the gunman picked this one and the n line in particular that goes into the heart of manhattan for his target. caroline: kriti gupta doing hours after hours of reporting on the ground. i know you have to do more

reporting for your colleagues but with us is shelly banjo, bureau chief here in new york. as a person living in the city, as a mother in the city as well as someone who has had to field phone calls regarding the schooling of one's own child, how does it make people feel, what is the sentiment like on the streets of new york? shelly: it's disheartening and the people were stealing -- feeling the city was coming back to life and more vibrant and then you have a situation like this it feels totally random. you just happen to be in that subway car and suddenly you're getting calls from school saying your kids are sheltering in place or come pick up your kids because they need to be home now and not in transit or workers are worried about getting home. that's not the place you want new york city to be in and that's the kind of issue we now face going forward. romaine: of course we heard from the president of the united

states a little bit earlier saying that he has been briefed on the situation. let's get a little bit more insight into the federal response here. we're being joined by amari from washington and we should be clear the local authorities said they do not know the motive of this and avoiding using the word terrorism but that is what is on everyone's mind here. how is the white house responded to that? >> the white house is pushing back the questions of the authorities but the f.b.i. and police department is tracking every moment from the case and we did hear from the president himself and he was in iowa talking about ethanol and two big issues facing this administration is inflation and part of the reason why he was in iowa to talk about ethanol and field prices and crime. before he went into why he was in iowa, he said him and the first lady are with everyone

affected and his teams are in close contact with the local officials. take a listen. president biden: my team has been in touch with mayor adams and the police commissioner and the department of justice is working closely with the nypd on the ground and we'll continue to stay in close contact with new york authorities as we learn more about the situation over the coming hours and days. annmarie: the f.b.i. and federal agency and the department taking the lead is the local police department. romaine: we are getting reporting from the associated press the u haul van that had been considered to be in some way involved in this crime has been located by the nypd and police say they've found an unoccupied you haul van in brooklyn which matches the description and license plate number of a vehicle sought in

connection with the shooting earlier today. again, we don't know the whereabouts of the shooter here but another development here in this story. caroline: the bomb squad on the way, we understand, according to an associated press news alert. ann marie, how much of a federal perspective will it have? we understand crime and indeed gun crime has been something the administration has been focusing in on apart from what already are the messages of support from president biden, what next do you think? annmarie: yesterday they talked about finalizing the federal law to go after these ghost guns, these guns you're able to assemble at home and then they go undetected and you cannot trace them. already this is already top of mind in the administration when it comes to gun violence and is something over the past few months really trended with americans. if you look at just the latest cbs poll over the weekend, when you look at crime, immigration, the economy and inflation. so getting prices lower and

keeping individuals safe, there's a disapproval rating of that above 60% on all four of those issues. this is something that's really top of the agenda for the administration because you're facing a lot of criticism about it. romaine: and of course top of the agenda for the administration in washington, we know it's at the top of the agenda for the local administration with regard to eric adams. you covered eric adams' campaign and his election here and i'm wondering the push on crime, the idea he's made this his focus, is that coming simply because of his background as former police department captain or is there more to it than that? is there more outside pressure coming in on him? shelly: twofold. one, adams seized on this issue of crime early on and part of the reason why he was able to bin the election -- win another election in a very crowded democratic race and he realized this is not only going to make

me a star in new york city but it's also going to make me a star among the democratic party and among national politics. you've been seeing biden came down to new york city to talk about him and hochul jumped onboard to run for new york governor. it's an election year and crime has become an issue. romaine: he's a star. how much substance is it behind it so far in the three months he's been in office? shelly: that's the question. you can talk and talk and the rubber hits the road and you say what are you actually doing about it? he has said i reinstated the anti-crime unit here and he said i'm going after ghost guns and pushing for legislation in albany which we did see some reform there, bail reform pass in the new york budget so he can point to some actions that he's taken but it doesn't necessarily mean those things have worked yet and so, you know, how do we judge whether or not they've worked other than necessarily crime stats which take a while to turn?

caroline: while you're here, we just had breaking news, just to make more of a difficult situation for the leadership and of course hochul, discussing the new york lieutenant governor resigned, this being brian benjamin and of course seems to be a campaign finance issue here but can you bring us up to speed with what's been occurring? shelly: on a normal day this clearly would be top news and has been overshadowed by this event. benjamin has been under investigation, the lieutenant governor running alongside hochul in the race for governor for election this year and he was being investigated for, you know, inconsistencies around campaign finance. at first he came out and he has denied doing anything wrong. he did say last week he should have told hochul earlier and flagged some of these issues.

hochul said recently the last couple days, i stand by him so this resignation came quite as a surprise as his arrest as well. caroline: as if 2 wasn't a busy enough news day, shelly banjo bringing in inside expertise and annmarie, we thank you as well coming the administration's reaction this day. we have so much more. this is bloomberg. ♪

romaine: welcome back to special coverage of bloomberg markets, of course the focus on that attack that began about 8:24 this morning in new york. it was all aboard a subway train traveling through brooklyn when

a man apparently entered that train at one stop while the train was moving he opened a canister and at some point began shooting. we don't know the whereabouts of that suspect. he's still at large and 16 people have been injured and we're awaiting another update from the police in new york about the status of the investigation, caroline? caroline: of course this comes at a time numerous reports have been caught on camera, for example, the use of social media, the use of the tactical things you have on your phones and the devices able to illustrate really what occurred today. it's an interesting moment, therefore, to speak with a company that brought much of the focus on local policing and community support, the c.e.o. and founder of ring is with us. of course in the business of security first and foremost about welcoming people into your home, having deliveries and of course having moments of concern whether your house is as safe as you want it to be and of course

now brought out by amazon about four years ago, i think the anniversary thereof. talk to us, jamie, about the power of a camera and when indeed it wasn't working today and indeed when it is in a company such as yours. jamie: i wouldn't comment on a tragic event as today but i would say it's just so soon and we want to get all the facts before we comment on that. but we have seen cameras have been a critical part of neighborhoods and of cities and helping people in many ways including security and safety and peace of mind seeing their children come home from school. i think the cameras have added a lot of value and i've been doing this now over the last 10 years and today is the four-year anniversary of amazon purchasing ring. romaine: it's changed a lot as to how we protect our homes and

other properties, we do know ring had partnerships with local police forces. i'm curious to where those partnerships stand. has there been an expansion of that? jamie: it's actually been misunderstood, it's not a partnership of police but that we worked with the residents in our communities to allow police to sort of ask them for footage when there's an incident that happens. so we felt that helping all constituents in the neighborhood, whether neighborhood associations, police, fire, to work together with what we call our customers which is neighbors, is an important part of making our neighborhood safer which is our mission at ring. veronica: of course you're about doorbells, cameras, connected devices, smart lighting, there's a wealth of what ring offers you but i know certainly when my house, potentially someone was trying to intrude in the u.k.

and ring device caught it all on camera, how much are people turning for this moment for further security? jamie: we're certainly seeing the business grow and hope it's on many different levels. security is something we provide but also peace of mind. a delivery driver found an elderly woman who had dementia walked her back to the house and no one was there and used the ring to contact the residence that live there to help the family. i think security, certainly. we all see it and is something that's happening and ring has been, as we say, hopefully a part of helping make it more secure but also these other things as well, lost pets and even helping people and their families. romaine: appreciate you taking time to be with us here. hope to have you back some other time where we can talk more freely about the business, jamie

siminoff, c.e.o. of ring. we're awaiting a briefing from local authorities about the status of the search of the shooter this morning. this is bloomberg.

no ♪ romaine: keeping you up to date, first word, i'm mark crumpton. some viewers may find this footage disturbing. new york city shooter remains at large after 16 people were injured at a subway station in sunset park, brooklyn. a man and a gas mask opened a gas canister on the train and shot numerous riders. they are searching for the suspect described as a heavyset black man wearing a green construction type vest. in the last few minutes from the associated press, a law enforcement source says the nypd has located the u-haul van

sought in connection with the attack. a bomb squad is on the way and we're waiting for a nypd briefing and will bring it to you as soon as it starts. vladimir putin said peace talks with ukraine are stalled and he promised to continue his, quote, military operation there calling the conflict a tragedy. ukraine expects russia to wind up the offensive in the eastern part of the country this week, echoing a u.s. warning which also predicted a, quote, more protracted and very bloody phase of the war. global news 24 hours a day, on air and on bloomberg quick take, powered by more than 2700 journalists and analysts and in over 120 countries. i'm mark crumpton, this is bloomberg. back to you. caroline: mark, thank so you much, indeed. and romaine, into our fifth hour of live programming on the back of what has been an extraordinary day for brooklynites we call them and for new york residents but we

await further information. romaine: we're all eager to get more information from the local authorities as to the status of where the gunman is and more importantly the status of the victims here. we know at least 16 victims earlier today, thankfully, none of them fatal. this is bloomberg. ♪

caroline: a long day for those in brooklyn and long day for new yorkers currently assessing what's been a extraordinary incident that occurred about 8:24 a.m. this morning on a subway station in brooklyn. of course the shooting that affected some 16 people, remain 10 with gunshot wound. romaine: we should talk about the reverberation. that subway station still remains stuck.

and the part of it remain closed, that subway goes into queens and has been delayed on several points as we are now in the evening rush hour here in new york city after that morning rush hour shooting. caroline: we want to get back out on the ground in brooklyn, sunset park to be exact. kriti gupta has been doing hour after hour of live reporting for us, extraordinary stamina. tell us a little bit about what it is the news we await to hear? kriti: minutes after we spoke you heard an a.p. alert, reporting the u-haul they were tracking with a arizona license plate has been spotted in brooklyn and the bomb squad has been sent and that's the reason for the delay on the presser in the police commissioner's view you're expecting to hear soon. one of the big question mark is how is the van connected to the shooter and hasn't been clear or made clear by authorities but

simply that that was something they were looking for and the motive hasn't been made clear and are all things we expect to hear at the press conference in addition to who was affected. 16 was the last number we got but since then reports are nearly double. romaine: as far as the evidence being collected here we heard the associated press report about the van and don't know how it's connected to the crime itself but do know there's been other hard evidence collected at the scene. kriti: there was a gun found that was jammed and two high-powered magazines, this is essentially magazines put inside guns, essentially means you can fire more round than a typical weapon would allow and they found gun powder and fireworks as well. the gunman had a mask he was wearing when he put the smoke

canister on the train and it all has been recovered and the subway station has not been cleared and unclear if they found more things and that reporting is from sources. caroline: as you try to piece together the morning's events, what is the local business community telling you and the residents telling you? kriti: there is a question mark on the motive. you've been covering it all day. what is the makeup of this community, sunset park is known for the asian population as well as hispanic population and you can see that in terms of the commuters that travel around here and have come back since the police armed presence has disappeared and the other question mark is why this station? a lot of parallels that have been compared to has been largely in the borough of manhattan, specifically in very populated places, sunset park or this particular station 36th street is known for the cross

section, the intersection where a lot of people on their commute to manhattan would traditionally be and don't know if the motive was to target more people or the area and those are questions we'll have in the press conference. romaine: we know there are at least five train lines at one point or another during the day connect through the station. for those of us that worked in manhattan and we go through sort of the main center like a times square station or grand central station we see the police presence every single day, tons of officers on these platforms and outside of the gates at street level here, for a station that far out into brooklyn, which for a lot of people who don't know, it's almost like being in a suburban area, if you will, at least compared to some of the central areas of manhattan here, do you get the same type of police presence on those platforms? kriti: you don't, actually, and really telling about the police presence which has not completely disappeared. it's not just here in new york city you'll start to see a more armed presence especially today,

but even when this was seen as an isolated incident, a gunman considered to be working alone, you're seeing ample police presence across the country in los angeles and philadelphia and all the metro systems looking for an amped up station using the 36th street story as a case study what could happen to other studies and you see people very much on their guard not just in new york city but across the country. romaine: we heard from authorities they're beefing up the presence of certain places like the barclays center basketball stadium with the game happening there later tonight. caroline: thank so you much. kriti gupta in brooklyn, sterling work throughout the day, such energy level. we appreciate it. meanwhile, let's talk a little bit about what happens next and what and when we find out who the suspect is and bring them to justice as eric adams, the current mayor of new york was talking about. let's talk to pat, bring back our legal reporter who covers

manhattan and brooklyn federal courthouses and in particular has been working overtime to be shining a light in what's happening with brooklyn today. pat, what's the latest as we're awaiting this press conference but still a shooter on the loose? pat: one of our colleagues in nbc news is reporting the reason they tracked down that u-haul van is police recovered a bag that included apparently paraphernalia like extra fireworks, a hatchet as well as keys to a u-haul, they were able to track it and how they were able to locate that it was a u-haul van they were looking for and apparently how they managed to "phi -- identify this one u-haul van on kings highway in brooklyn. apparently the gunman may have rented it and taken it and then got in on the subway with his equipment to conduct this

attack. romaine: that raises the question about potential additional threats here. have we gotten any word from authorities whether that should be a concern? pat: initially everyone thought because there was possible bombs on the train and that was the initial report, that turned out to be it was a lone person, a lone gunman and now it's unclear, if there are other people or if it was a concerted effort with others but now basically current law enforcement has been declaring they don't believe it's terrorist related and they're looking for a lone gunman. and what happens next is it seems like they're very close to probably locating or trying to track down this individual although there are reports surveillance cameras on the subway station were inoperable today and unfortunately don't have that as backup. caroline: the strain and the stress, of course, on the law

enforcement here in new york city will be evident, i'm sure. but pat, from your experience and what happens next as in when they do find someone? pat: if they do get someone, the response, nypd has been excellent as well as the joint terrorism task force in locating a individual that carries out what everyone would say would be a terrorist attack, the amount of horror inflicted upon those poor commuters could be considered a federal crime. if the government decides to proceed that way, there have been other cases, there was a guy who set off a pipe bomb in december of 2017, his name was akia zila and was a bangladesh national who strapped a pipe bomb to his body and tried to detonate it on the tunnel between the port authority and times square subway station and fortunately for him it did not go off the way he wanted and he

was set on fire and mercifully other people were spared the carnage because he intended to kill everybody in a suicide bombing. it so that guy was convicted and sentenced to life in prison. romaine: of course we're still waiting for an update on the day's developments, pat hurtado giving us more perspective here on some of the other incidents we've seen had in this city. caroline? caroline: we'll bring you up to the latest news that's occurring in brooklyn at the moment. stay with us. this is bloomberg. ♪

point president biden: today we make it illegal for someone to manufacture these kits without a serial number, illegal. illegal for a licensed gun deal tore sell them without a background check. caroline: president joe biden just yesterday announcing a new firearm regulation meant to contain the use of privately

made weapons as he's come under increasing pressure to address more steps of gun violence which of course now today the tragedy in brooklyn as a stark example. i want to bring in gulf op-ed tore and chief for his latest on this and talk about the latest research on crime and guns not just in new york city but the u.s. at large. and really the takeaway, mohammed, as americans concerned about crime and violence is on the up. >> absolutely. we've been asking this question of americans now for decade and the rate of americans who say that they are worried to a great deal about crime and violence in the society is at 53% and haven't seen it that high since 2016. together with those that also say that they're concerned quite a bit as well as a great deal or fair amount of a great deal takes it to 8% and 10%. concern about violent crime in

specific is definitely on the rise in america and that data obviously predate the tragic situation today but just are a couple weeks old. romaine: they certainly do and you show the poll with more people worried about crime and also show polls what they think the solution might be. mohammed: it gets really complicated, romaine, that's a wonderful question, and we've asked about gun lows many different ways. depending on how you ask the question, you get a lot of different answers. one of the ways we've been asking it for, again, decades, whether or not overall there should be stricter gun laws in the united states, whether they should sort of stay where they're at or whether there should be less strict gun laws in the united states. the last time we asked americans this question, 52% of americans said there should be stricter gun laws and just barely a majority and actually that was kind of a relative low. we went as high as 67% in 2017.

democrats want stricter gun laws and republicans 24% want stricter gun laws, independents at 45% have been the most to see some change over the past couple years. but an overall ban on handguns in general remains overall very unpopular in the united states, only 1-5 americans support that. caroline: interesting you break it down by party which i suppose is deeply unsurprising in many ways, mohammed but is there anything surprising about demographics and people who view currently how the crime situation is? mohammed: you probably can predict a lot of them when it comes to political identification. one of the really big changes lately i think people are not aware of and ties right into where we started this conversation is that those that own guns in america, 31%, about a 1/3 of the american adult population actually are much

more likely to say they own it to protect themselves from crime. 88% of gun owners in america say they have a gun to protect themselves from crime. that is a record high and is significantly higher than we've seen in previous decades. about half of americans say they own a gun for hunting, for example. so at a time when perceptions or concerns are on the rise and gun owners are more likely to say they're buying it to defend themselves from crime, you know, you can see sort of where these scenarios, unfortunately, lead for the u.s. public. romaine: i am curious how it plays out with regard to elections themselves when we talk about crime and for the most part is a local issue and there's only so much a federal government can do to sort of reduce crime in new york city or los angeles or any other city out there, how do you connect the dots there between what you see in the polls and how, i guess, federal officials are held accountable? mohammed: that's a great

question and of course i think for our international viewers, it may be lost on them how local really policing and crime is really managed in the united states. we know that realities differ from place to place but what we do know is when the public on a national level focuses on an incident such as what we saw unfortunately this morning in brooklyn, these numbers tend to change in very predictable ways on the national level and so while it is certainly a local reality and challenge for police themselves and police officials, the national attitude tends to sway back and forth based on when we have anotherren of these unfortunate incidents are mass shootings or mass violence. up fortunately with the city as culturally renowned as brooklyn you can't help but that americans will be focused tonight on what's happening in new york. #. romaine: great insights from the folks at gallup, mohamed younis,

the editor in chief at gallup. we heard earlier from the former mayor of new york city. take a listen. bill: thank god we've not had a loss of life here. we've been down this road before as a city. unfortunately we've been a target of terror attacks over the years, obviously 911 but also 2016 the pressure cooker bombing in chelsea, 2017 the times square subway tunnel pipe bomb attack. we've been down this road. what i can tell you is the nypd will find this individual and will find them quickly. the ability to respond to these kinds of incidents are at an all time high and i saw for eight years the investigative ability is strong and what they have already will give them a huge leg up and we need the public to be part of filling in the blanks and making sure it is clear this was an individual acting alone. it appears to that be way but i

think as that information gets out as the individual is found and facts put together will reassure new yorkers and they're tough, resilient, we found a way through things like this and they're going to do it again, i guarantee you. reporter: maybe it turns out to be an isolated individual incident here and obviously you're not mayor anymore but i'm wondering if you could address the people of new york who are concerned, they've looked at this, the various incidents on our new york subway system in recent weeks, in recent months people being attacked, people of asian descent being pushed off the platform and people are concerned now about their safety at a time when they're being effectively forced to come back to work, to come back on our transit system here, what words do you have for them? bill: romaine, the feelings i under and it's been such a tough time for these people the last couple years especially new york city. we were the epicenter of the covid crisis in the beginning

but i want to tell you the city is coming back strong. you can feel it, you can see it. the activity will help us be safer, in fact. i think mayor adams is moving us in the right direction with his focus on public safety and one of the things undoubtedly true here and our nypd leaders have said it for a long time, restoring our economy and restoring normalcy in our life and getting our court system back strong, these are the things that will make people safer, they're going to feel safer and actually be safer. we can turn this around. i really want to reassure people the vast experts in public safety agree that we're going to come out of what we've been through and it can be turned around and it's going to take smart moves and getting the police where they need to be and something i think mayor adams will be strong in. caroline: mayor de blasio, you talk about how in many ways new york city and in many ways, brooklyn, yourself a proud brooklynite was the epicenter of the covid crisis, a health

crisis that turned into a social crisis and in that time of social discontent there was a push at that moment to defund the police and take away moneys, that was under your tenor and i'm interested to what you think the funding of the police currently is at, is this a question of money or a question of putting money to work in more precise and effective manners, how do you see the role of investment now to be able to help, of course, keechant sewell, the police commissioner, who says they need help. bill: listen, caroline, i think what we went through in 2020, by the way, on top of it, a huge budget crisis, this is before the stimulus, it was a time of incredible doubt and pain and thanks god already we're in a much better place of where we were. the nypd has 35,000 members and have done a outstanding job and did not miss a beat against the covid crisis no matter what was thrown against he them. i would say to folks thank god

we have a big, strong police force. we have to refund the police community because that's a real need. the rift deepened in 2020 and we have to be honest about it. and what worked before, before the pandemic we had low levels of crime down to levels you couldn't even compare until you went back to the 1950's and how low crime had gotten because we brought police and community together and we have to get back to that and it can be done. that has to be, to me, the real essence of the solution. ♪ >> bloomberg's. caroline: o report, building the future of financial legacies. future of financial legacies.

caroline: for five straight hours, romaine and i have been walking you through what has been a special edition of bloomberg markets because of course we remain fochted on economic data of c.p.i. and what the mark does but in the heartbeat of where markets come together is in new york city and it was upended today.

romaine: upended for a lot of folks around their morning commute around 8:24 a.m. new york time a man entered into a subway train and rode that train for some time before opening fire on the folks inside. that gunman remains at large and still waiting to get some updates where he might be and more importantly, of course, waiting to get some updates on the victims. thankfully so far we know none of those victims -- no fatalities, shy say but nevertheless, still a startling day for many new yorkers. caroline: 16 people, many affected by gun wounds and six of them by other afflictions that occurred and of course we understand we might hear more from the leaders of new york, whether they be the fire department, the new york police department, whether they be the governor or whether it be of course the deputy mayor, as the mayor of new york, eric adams, remains at home with covid. romaine: that of course puts back into focus the whole idea of public safety, a relatively new mayor, only in office a little more than three months and ran on a campaign of

fighting crime, and the number of attacks we've seen on the subway the last few weeks or the last few months has been alarming to a the look of folks. caroline: at one point a $7 trillion economy of new york city that wants to get back to be spending and enjoying the sunshine and we wish well to the families. this is bloomberg. ♪

>> a very good morning and welcome to daybreak austria. i'm heidi strauss in sydney where we are counting down to sydney's major market open. >> good evening from new york, i'm shery ahn. the u.s. inflation index jumped the most since 1981, reinforcing pressure on the fed to hike rates by 50 basis points next month. haidi: u.s. stocks dipped with the surgeon oil stoping inflation concerns.