this is bloomberg. ♪ jon: for "bloomberg markets," i am jon erlichman with matt miller pit i know mattexcited, because we have a lot of auto news. ford has made an announcement, helping to add to the jobs, 500 jobs, building a redesigned version of its largest f series pickup. list bring in ted cannis, ford pro ceo. obviously matt is a big truck fan. let's give us a sense of how this ties into the demand picture right now. ted: well, i will tell you, so this super duty is the number one commercial vehicle in america. you were just talking hurricanes, when it comes to construction, emergency response vehicles, utilities, we have over 50% of the business. i saw a lot of bucket trucks heading down yesterday, as they get ready come and we have always been working to support america's workers, with a profile, power those situations where you don't have power anymore. so we are real excited about this all new super duty. jon: well, it is interesting, following on your -- go ahead. what is the story with ev's? matt: are you going to electrify the super duty? ted: not yet. too much towing, too

i have andrew weissmann, neal katyal, matt miller. i've got all the lawyers i need. >> the murders of legal. eagles >> how them take it apart, get right. to it >> have a great show. >> thank you, thank you. >> tonight, the trump lawyers have filed a reply to the justice department's opposition to a judge appointing a so-called special master to examine some of the government records seized by the fbi at donald trump's florida home. neal katyal, andrew weissmann, and matt miller will give us the expert analysis. the most important thing to keep in mind, the single most important thing to know about the trump lawyers filing tonight is that it does not say one word about something included in the justice department's filing last night. it could get some of the trump lawyers indicted for obstruction of justice. one of the very important pieces of evidence in the justice department's filing last night is a copy of an under oath affidavit written by one of the trump's lawyers, inside -- and signed by one of the other trump lawyers, swearing

i have andrew weissmann, neal katyal, matt miller. all the lawyers i need. >> we're gonna get right to it. >> have a great show. >> thank you alex. thank you. tonight the trump lawyers have filed a replied to the justice department's opposition to the judge appointing a so-called special master to examine some of the government records seized by the fbi at donald trump's florida home. neal katyal andrew weissmann, and matt miller will give us the air inside. the most important thing to keep in mind, the single most important thing to know about the trump lawyers filing tonight is that it does not say one word about something included in the justice department's filing last night. it could get some of the trump lawyers indicted for obstruction of justice. one of the very important pieces of evidence in the justice department's filing last night is a copy of an under oath affidavit written by one of the trump's lawyers, inside -- swearing under oath on that day that at that moment they were handing over to the fbi and a federal prosecut

matt miller joins us now. he is very keen on petrol engines, internal combustion engines. test driving electric trucks. what did you think of it? matt: it was incredibly smooth and well-controlled especially at speeds around curves, more than my new 6.2 liter v-8 because i role more and i don't have the low center of gravity you have in this new silverado ev. they have really got the stability worked out, the suspension is amazing how it soaks up the bumps. consumers in general, especially younger consumers will be happy with this. for me, there is a lack of vibration, a lack of sound but they have something up their sleeve in terms of that but they won't tell me what it is. i'm excited to see the launch of this truck. it's in preproduction now and i think many people will shift over especially when you add that it has 664 horsepower. it will have like 750 pounds of torque which is incredible figures with over a 400 mile range. alix: there lies a weird problem, you heard the pricing power they wind up having and the demand they are expecting and you wonder if everyone can

ed: that was gm's president with bloomberg's matt miller earlier today.g up, emily chang sits down with an interview with that counter -- founder and ceo and how one went to being a federal prosecutor to a ventral capitalists, next. but what had to be said about rising competition for china and the need for the u.s. to act on comprehensive legislation. this is bloomberg. katie: is the u.s. government that needs to take stock of the fact that right now in china, there's a quarter of a billion. we are still talking about whether there should be government central-bank digital currency. we are still studying that. ♪ ed: in the latest episode of studio 1.0 prosecutor tamed crypto venture capitalists, katie haun shares her outlook. she sits down with emily chang to discuss why she left story venture capital firm to launch her own firm, and just how hard it was to do so. take a listen. katie: what i set out to do was to continue to invest in this ecosystem that i think it was very purposeful. we have an early-stage fund that does series a and series b, then we

kriti: i was asking matt miller, who is a car enthusiast, about the idea that who is actually buying luxury car right now in europe in this environment and he said it is a little bit more than that. there is a history, porsche tried to overtake volkswagen back in the day because volkswagen is a behemoth. but i am curious, put this in context. deal volume broadly has been taking a hit. is porsche an isolated story or do you actually see this setting a trend? sonali: it is an isolated story. it is nice to see an asset that is coming back with robust the demand early in its offering process. we are watching certain offerings, if you will come across of the world and how they will do, especially risk assets. but in the luxury world, this is more isolated than other types of assets, and again it is one of the biggest listings, not just in a tough time but ever for europe. the last time we saw a flotation this big was glencore in 2011 when they raised 9.9 billion essentially to go public. so this is a very rare deal. time will tell whether it will open the market up a little more. but unli

eastern with matt miller. the s&p 500 still tumbling, down about 3% on the markets.taking on a change just shy of 4%. stick with us. this is bloomberg. ♪ pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now with the best price on two lines of unlimited. just $30 a line. >> the most crucial moments in the trading day. this is the close with caroline hyde, romaine bostick in taylor riggs -- and taylor riggs. caroline: 2:00 p.m. in new york, 7:00 p.m. in london. live from bloomberg's world headquarters, this is the close. no matter what time it is, all you are talking

i want to bring in nbc's ryan reilly, nicklaus wu a congressional reporter with politico, matt miller, former special adviser to the national security council and former doj spokesman. and paul butler, former federal prosecutor and msnbc analyst. the judge says there's no evidence of trump's disregard. what is the impact on the doj's investigative efforts and what happens next? >> i think this is going to definitely delay things a bit, especially when they get into the question of executive privilege. that's a really, really unprecedented ruling we have there. it's going to be very difficult to find someone who is going to be able to perform that role when there's no roadmap. basically these questions should be handled before a d.c. court. it's not something that a court necessarily in florida should be handling under the presidential records act. this is all supposed to come back, any questions about the handling of the materials with the national archives is supposed to come back to d.c. it's a really, really complicated matter. the judge's ruling, and i'll read a quote from it here

toyota's motor north america senior vice president joins us now, and also with us, matt miller. matt: thank you. i'm excited to see this getting underway. i would love to start by asking you how you are dealing with the inflation issue. we saw the big numbers come through yesterday, and everyone has tried to buy a car and experienced at the last couple of years, but, reportedly, prices to the end customer coming down. what about the inputs? andrew: i think we are continuing to deal with supply chain challenges and that is not unique to toyota. it is a complicated and difficult environment we are dealing with, but thankfully we have a strong partner network with all of our suppliers, and we are working through it. and we have been, frankly, for two years, since the beginning of covid. all of us have had to deal with these challenges, so it is nothing new. we are more prepared to deal with it that we have been in the past because we've had experiences over the last years with disruptions. matt: is there a light at the end of the tunnel? and the chip side, that has been one of the m

francine: the pantera capital chief executive speaks to kailey leinz and matt miller.et breaking news out of unicredit read -- unicredit. the former chief executive saying he is expecting a recession on the question is how deep. at the same time, we are getting the german chancellor olaf scholz saying that russia does not want to deliver gas as an excuse. it does not take a lot look at the picture that gazprom posted and wonder what that thinking is and whether this is political retaliation. it is about the yen, a currency we have talked about. stocks are dropping with commodities at the prospect of aggressive monetary tightening as the dollar gains to another record today. the 30 year u.s. yields also around the highest's 2014. the bond selloff races another interest rate hike by the fed to tackle inflation. traders are also bracing for the european central bank edition due tomorrow. we are also watching the u.k. cabinet members that are arriving at downing street. that is it for the european market open. "bloomberg surveillance: early edition" is up next. this is blo

joining us now, matt miller, former chief spokesman justice department during the obama administration for the subpoenas. i think just the timing alone, the number alone, maybe those things together, -- scope of the doj investigation into january 6th. how do you read all this activity? again, in this politically sensitive time before the midterms. >> i think it's clear there is a full scale doj investigation into everything surrounding donald trump's attempt to overturn the election from any nexus to the violence that happened on january 6th to the way he really raised money and spread it, perhaps five vigilantly, through his super pac, to his attempts to -- pressure the vice president intuits them them. i think they crossed an important threshold in june when we learned they took the cell phones of jeffrey clark and john eastman. up until that date, it wasn't certain that the department -- at least there were no public signs that the department was investigating anything other than the violence at the capitol. once they crossed that threshold, i think there's no other path forward tha

guy: i know matt miller is watching and he is going to be depressed about what you see.did buy a car and house. thank you very much. let's talk about what goes in. opec-plus talking about the outlook when he meets next week. the size of the potential cut according to a delegate. head of commodity research spoke on bloomberg surveillance earlier this morning. >> the oil market is in a deficit, but what's happening, when he supplies shrinking. so that sinking the price level and driving it down even though you still have too few goods. look at the fundamental picture, our base case is it going to continue to tighten guy:. a lot of push poll in the oil market. jp morgan global head of strategy joining us in new york. let's talk a little bit about what's happening here. let's start with opec and figure out what it's going to do and then we work our way through the story. what should opec do and what will opec-plus do. christyan: when you think about it, russia will probably cut in declines and opec trying to produce that. an actual cut would be the additional 500. as a base

attorney, barbara mcquade, and matt miller, good to see all of you.ut these 40 subpoenas? >> this flury of investigative action by the justice department, and people familiar with the matter told nbc news the doj issued around 40 subpoenas in the last week and seized two cell phones, and a lawyer for former nypd commissioner who advised trump on efforts to overturn the election, and that lawyer told me he also represents trump in the investigation and he said the subpoenas sought information on, quote, everything and anything regarding everything related to the trump campaign. investigators are looking into ties between trump associates and violence on january 6th, and using the levels of government to overturn the election on january 6th, and they are looking into fundraising by trump association around bogus allegations of election fraud, and this came at the edge of the 60-day election issue. >> whether they do or not, 40 subpoenas in a week, as, you know, you look at the overall scope of this investigation, what does it tell you, and does it give

and joining us is former doj chief spokesman, matt miller.saying about who they are reaching out to? >> reporter: josÉ, still a lot of questions about what the committee is spotlighting next week, and according to chairman thompson there that spoke with us at dusk last night, there are some things they figured out, specifically the date and time. listen. so the meeting on the 28th, that's officially in the books now? >> absolutely. >> reporter: you have reached out to witnesses for it? do you plan on having any witnesses? >> that's still part of a discussion whether we will have witnesses or not. we have a lot of information that we have collected over the last year that we have not shown the public, and we believe that information on its own is significant enough for a hearing. >> reporter: we also know, josÉ, this committee has been information gathering with other people in the former administration of donald trump in the weeks after that initial round of public hearings. certainly there might be new interviews, too, for them to give to th

i have andrew weissmann, neal katyal, matt miller.d. >> the murders of legal. eagles >> how them take it apart, get right. to it >> have a great show. >> thank you, thank you. >> tonight, the trump lawyers have filed a reply to

i have andrew weissmann, neal katyal, matt miller. >> we're gonna get right to it. >> have a great show. >> thank you alex. thank you. tonight the trump lawyers have filed a replied to the justice department's opposition to the judge appointing a so-called special master to examine some of the government records seized by the fbi at donald

shery: dan moorehead speaking with matt miller. quick check of the latest business flash headlines. juul has reached an agreement to pay $439 million to 33 states to resolve an investigation into its sales practices. they are accused of marketing nicotine products to children. under the deal, juul must restrain from all paid product placement and advertising on public transport. -- strategic options. the most expensive hotels. it could fetch $600 million in the transaction. it could be the largest luxury hotel sale in new york city since the pandemic. closing in on the levels of jeff bezos and elon musk. the bloomberg billionaires index shows -- increasing by $65 billion to more than 141 billion dollars, making him the third richest percent on the planet. it is attracting fresh scrutiny to the valuations and leverage. paul: here's some of the stocks we are going to be watching when trade opens in australia, japan, and korea at the top of the hour. energy related shares might move with oil dropping on an additional covid lockdowns i

jonathan: matt miller put it well when he talked about 75 basis point hikes. not just the fit. looking ahead to the ecb and the bank of england. we heard from catherine mann yesterday. that teed up a big move. tom: mann was simple, the acclaimed economist of the massachusetts institute of technology and she says the rope is fraying on anchored expectations. the best research comes from mr. navarro at citigroup, you remember him, 18% inflation was the splashy made six weeks ago. the fiscal proposals of prime minister truss are the same amount of cash call in the last eight years combined. jonathan: lisa called it. you wonder whether we start to see tensions off the back of these plans. if you're just tuning in, let's hit the ground running. futures bouncing back .6% on the s&p. on the nasdaq up .7%. yields higher six basis points. crude a little bit softer, down .2%. lisa: the focus in europe. that is where the crisis is, that is where the change in leadership is in the united kingdom. liz truss expected to deliver a speech around 11:30 eastern time. perhaps you will outline her

he is chief market strategist at miller good to see you in the daylight hours, matt. going on with the volatility stock market is acting like we're going to have a massive i don't want to say crash, but certainly economic and earnings slowdown, interest rates, currencies, it is a toxic brew >> yeah, [ inaudible ] we've seen the market very tollvolatiy but you look at so many global currencies [ inaudible ]. >> may,hey, matt, we're having e audio issues here is what i want to do. let's do a phone interview, matt, can you hear me? you were having some audio issues hang up your zoom, we'll calling you, i'll ad lib for -- we're going to go? okay i wanted to get matt back on the thing. okay, we'll get you back on tomorrow always a must read on the volatility there before we go to "power lunch," let's go through all the market stuff because why not? let's go through overall, bring up the macro equity markets. we're seeing one of the biggest drops not of the year, but certainly of the recent weeks and months we're seeing the dow industrial average it is down 2.14% 600 points

for c-span, i am matt welch and welcome to everyone who was here to hear our talk by paul miller on his new book the religion of american greatness. i am mark tooley, president of the institute on, religion and democracy and of providence journal of christiana and american foreign policy. we welcome all who are here, all who are this event live on, facebook and

matt howard thanks guys. have a great saturday. >> thanks. >> alabama official had to stop very last minute after the executioner failed to find a vein for the lethal injection. alan millered of killing three people and in 1999 workplace shooting was spared the death penalty on thursday when in trouble in finding a vein prevented officials from meeting their midnight deadline. miller was returned back to his prison cell put alabama attorney general says the execution will be rescheduled to a later date. griff: new details on the rest of an undocumented migrant accused of a deadly hit and run, killing ford at sheriff's deputy. plus, the latest from one of the busiest legal crossing sites on our southern border, that isut t next. that's why visionworks gives you 100 days to change your mind. it's simple. anything else i can help you with? like what? visionworks. see the difference. so how many vaccines have you given to people? me? about 1000. walgreens...millions. ♪ i cannot miss her big debut. with your booster, i think you'll be there. for every twirl. i got a shot so my sister won't get sick. way to go, big bro! so while we're here... flu shot, as well? let's do it. wh