from hong kong we take you to sydney where paul allen has your first word news. uk prime minister liz truss has drafted plans to fix and you will electricity and gas ills for a typical household at or below the current levels of about 2300 u.s. dollars. she officially takes over from boris johnson on tuesday and will speak later outside 10 downing street according to officials briefed on her plan. the mechanism could cost 150 billion dollars over the next 18 months. germany is reversing is policy on nuclear power and it is unlikely to meet its target for natural gas storage. germany will keep two nuclear plants available for this winter as it works to ensure energy security. berlin has signed an energy pact with paris with france supplying gas to germany and germany exporting electricity to france when demand peaks. opec-plus has agreed to reduce oil production by 100,000 barrels a day in october, surprise move reverses september's hike. the cut is aimed at stabilizing global markets and takes the oil back to august levels. in its final communicate opec-plus that

paul allen joins us now with more. what is the steep upside right now? o much enthusiasm for the future metals. paul: that minerals deal was quite extraordinary. this was for a shipment of the raw material of lithium. 5000 tons shipment. just last month, they saw the shipment for $7,000 a ton, so that is a 10% jump. if you get to the more refined product, lithium carbonate, that is even more expensive. 71.5 thousand dollars per ton, triple five months ago. at price going beyond those insane levels that elon musk was talking about a year ago. demand for electric vehicles obviously a factor here but there's so many supply issues as well. sichuan province had electricity outages. that afflicted their supply chain and delivery issues. and new capacity for lithium is very slow to bring on so new mineral resources australia is another lithium miner. they see these problems continuing until 2030. that is on the radar of chinese authorities. lithium miners, producers, users asked to step up recycling. and asking that the price is not too much more than the produc

i'm paul allen. this is bloomberg. >> still ahead, we have joe masters who sees the central bank hiking by 50 basis points today. and has the market been underpricing? a surprise opec-plus output cut. we have more to come. this is bloomberg. ♪ >> the eu is weighing benchmarks and price caps is russia is tightening the supply sprees and a spike in energy costs, that will remain one of the key names across markets. talking about that opec-plus cut when it comes to output as well. spring and chris weston. i know you don't focus too much on gas, but broadly speaking in terms of risk assets, how big a deal as the energy crisis and how closely are you watching europe? >> everyone is watching it, to be honest. there are so many questions and the ability to price risk around is tough. we know the inventory levels are going to be there as well. we still need to know what the price caps are going to look like. what is that price point that allows russians to continue to deal with europeans? what does seem to b

for more, let's get to paul allen. talk to your country and the people of it, there's a very special relationship with the monarchy. it has come into question a few times. but you know, what has been the reaction of the queen passing? >> yeah. the reaction has been an outpouring of grief and respect, as you heard from the prime minister there. the queen was a hugely respected figure. a towering figure in australia as well. the country has only had 29 prime ministers. she met 16 of them. the queen has been a common thread running through the country's history. at the same time, there's an element of cultural cringe. the union track occupies the top left corner of the flag. the queen is the head of state. she's the queen of australia, as we said. there's a lingering republican movement here that says, maybe it's time to move on. dani: what happens now in australia? the queen has died. charles is becoming the new head of state. >> yeah. it's a very good question and a very open question. it is one -- one would expect ther

taylor: our very own paul allen waking up in australia going into the bureau.ck with us, we will be back in one moment. this is bloomberg. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. as a main street bank, pnc has helped over 7 million kids develop their passion for learning. and now we're providing 88 billion dollars to support underserved communities... ...helping us all move forward financially. pnc bank: see how we can make a difference for you. guy: another australian joins us on the line now. where to be go from here? how diminished is the u.k. as a result of the passing of queen elizabeth ii? >> arguably, you imag

michelle beale. >> >> paul frederick. allen anthony bevins.e. i heard stories about your great sense of humor and how we would have had many laughs with you as our uncle and know you're always watching over us. thanks for being our addian angel and hero. >> my brother from local 3, james marcel cartier. we lost 17 members that day. god bless local 3 and god bless america. lester marino, tommy ashton and a very good friend of mine's dad, kenneth watson. god bless america. [bell rings] ♪ >> maria j.bayer. >> nina patrice bell. steven elliott belton. >> paul benedetti. >> brian craig bennett. >> eric l. bennett. >> oliver bennett. >> margaret l. benson. >> dominic j. >> berardi. james patrick berger. >> steven howard berger. >> our live coverage on the 21st anniversary of the 9/11 attacks continue and we'll leave new york city but return later following a pentagon ceremony where president biden and defense secretary austin are expected to speak. american airlines flight 77 was one of the planes that was hijacked on september 11, 2001. it crashed

i am paul allen incident. we are counting down to asia's major market open. cracked the top stories this hour. equity markets pushed by, the dollar is on the retreat with risk sentiment boosted by speculation that inflation is close to peaking. investors now looking ahead to u.s. cpi data. >> sources tell bloomberg goldman sachs is about to make its biggest round of job cuts since the start of the pandemic. >> ukraine appealing for more weapons to build on his military successes after rapid losses on russia. we are seeing upside of about 2/10 of 1%. the s&p 500 gaining for a fourth consecutive session. cpi numbers coming out tuesday morning, we were watching energy and tech leading the gains in today's session. apple was a beginner. we have some strong preorder numbers out of the massive futures. we have a 10-year yield rising today. we are also watching what is happening on food prices. they had a bit of a is around $88 a barrel. it had a weak start when it came to oil pricing. it got better as we had some declines in the u.s. dollar. we are seeing the first

>> good morning and welcome to daybreak australia i am paul allen in sydney with the major market open. shery: i am shery ahn, the top stories this hour, u.s. stocks droplet, bond yields a store and better economic data. the fed will stay hawkish. paul: saudi arabia cuts us -- oil prices to asia as covid restrictions to china and call energy demand. shery: we look ahead to the australia economic growth numbers with gdp expected to show robust expansion. u.s. futures lagging a bit of clear direction but we are seeing red on the board after the s&p 500 fell. it did stay above 3900. that is very important because it tells you where short-term direction could go. we are very close to that over sole territory in the 14 hour day, near the 30 day level for the s&p 500. we have concerns of a more hawkish fed which is why treasury yields sort across the curve. we are talking about a 10 year yield at the 3.3% levels. somewhat yields at the highest levels we have not seen since when he 14. we had u.s. service members, showing expansion at the fastest pace in four months. you can imagine why inves

and he purchased it from paul allen's estate. >> it can go twice the speed of sound.f you're trying to create a high-stress dynamic environment here on earth without having to go to space, this is a great way to do it if you can handle this, then you can probably handle going to space. >> part of isaacman's personal fleet, and the other fighter jets on site will conduct hundreds of exercises. but it's just one part of a rej man that includes scuba diving and lots of academic study they will spend five days in the capsule. they will conduct the first commercial space walk and travel through portions of the radiation belt to research the effects of space radiation on human health he will command the mission which will also include two spacex engineers. >> we will have the opportunity to experience g forces and fly in some swrets. >> we're working on team order nation, working in a fast-paced environment. >> would it be fair to say that plus program, you're starting to build out with spacex a private astronaut corridor >> i think we're continuing where we began to kind o

extremely rare aircraft to be flying in the u.s., and he purchased it from microsoft co-founder paul allen's> so this is the mig 29. >> this is the russian equivalent to an f-16 so it can go twice the speed of sound, pull 9 gs. if you're trying to create a high stress dynamic environment here on earth without having to go to space, this is a way to do it these gs hurt more, which is great so if you can handle this, you can handle going to space. >> reporter: this mig 29 and the other fighter jets on site will conduct hundreds of exercises over the course of three days. but still, it's just one part of a regimen that includes scuba diving, mountain climbing, and lots of academic study the crew will spend five days in a spacex capsule they will conduct the first commercial space walk and travel through portions of the van allen radiation belt to research the effects of space radiation on human health. isaacman will command the mission, which will include two spacex engineers. >> this weekend we'll have the opportunity to experiencesome forces, fly in some jets >> we're working on team coordina

. >> you had these guys like steve jobs and steve wozniak and bill gates and paul allen who'd been messinghat would become the personal computer industry. but no one in corporate america and no one in most of the homes of america thought that the personal computer was anything that would ever have, would ever even happen, let alone have any relevance to them. >> for all of us, the computer revolution was really exciting. it was like, wow, this is wide open. it was a group of people who want to make a change in the world. >> and eventually, the two forces in silicon valley, the hobbyists and the button-down business guys, ended up coming realized these things that the hobbyists were doing could lead to this whole new kind of product called a personal computer. >> it was at a home-grown computer club where steve wozniak and steve jobs first displayed the computer they'd been working on. and it caused a sensation. >> we had absolutely no idea what people were going to do to these things when we started out. as a matter of fact, the two people who it was designed for was woz and myself, becaus

. >> reporter: how did you get your hands on this >> super lucky so, paul allen, who assembled an incredible aircraft, restored it and it's probably the nicest mig-29 in the world. >> 38,000 pounds of thrust, fourth generation fighter jet, the soviet version basically an equivalent to f-15 or 16. we have an insider look at training for future astronauts we'll talk about the space economy and the broader economy, since isaacman is also the ceo and founder of shift for the payment processing company a bit later in the hour as well. >> the space business has evolved. what i've missed is your take on defense sales to ukraine and what some of these missile systems, how important they are, how deserved they are. and then the crosscurrent of china. you have the chinese government sanctioning the heads of companies like raytheon. >> which is an unusual step to see individuals being sanctioned i think it's seen as largely symbolic you talk about a raytheon or a boeing, it's boeing defense that was sanctioned, the ceo there. these are companies with, you know, massive commercial portfolios that sell i

. >> jonathan allen is showing me, and paul butler is joining me as well. i'm wondering if fox news that former attorney general bill barr said what he said on fox before they booked him. nonetheless, it's out there. not surprising, of course, considering what we've heard from him over the last couple of weeks. jonathan, bring us up to date. any moment we could hear about the decision as to whether or not they will have a special master to review these documents, essentially this third party to review these documents. where are we on this? what is your reporting telling you as to when we'll hear this decision? >> the best thing about being a judge is when you can choose when you want to do these things. nobody can put the pressure on you. it could happen in the next five minutes, or could take a few days. there is some urgency in terms of determining what happens. the prosecutors want to move forward. the government wants to move forward. the defense would like a decision in its favor. the judge has, because she didn't summarily reject this request at thurs

paul bentley. john allen team move in. catherine mcgarry nowak. curtis turns noel. north.s of the september 11th attacks. >> this is a live look now at the ceremony unfolding in new york. have you seen my new phone yet? it like, folds in half. i would never switch to samsung, i love my phone. what??? ♪ (...it folds in half.) you see i love my phone. i would never switch to samsuuu... (gasping) ♪ >> visa says it plans to start categorizing gun shop sales separately from its other sales. the move considered a major win for gun control and gun safety expert. they say it will help track any suspicious surgs in gun sales and possibly prevent future mass shootings. the says move is expected to add pressure on other payment processors such as mastercard and american express to introduce similar policies. an electric car maker is changing its charging system to help during power outages. nissan approve new technology that can act that allows its cars to act as a battery backup for a building. the company says the system will be compatible with any of their leaf models built since

bernard e patterson >> cira marie patti >> robert e.pattison >> james robert paul >> patrice paz >> stacey lynn peak >> richard allenlman >> thomas pedicini >> todd douglas pelino >> mike adrian pelletier >> robert pentagon. and my father jesus sanchez. i think about him more than ever because my son caden was born. dad, you should have been here to hold your grandson in your arms. you would've been excited to talk to him and spend time with him. i will make sure he knows everything about you and your kindness and compassion, how you loved baking cakes and traveling. that he knows of the souls that died on 9/11 and how brave every soul was, such as flight 93, nypd and first responders. but he knows about the nypd's 23 officers and 47 officers that, they ran toward the chaos. the bravery of every firefighter and some on their way home or having a day off heard was going on and turned back to hell. despite knowing the chaos was too massive to fathom, and not one but two towers, but they only wanted to get everybody out. i will make sure my son knows about the people that help each other in the stairwells and those tha

paul: coming up we discuss all things apple. we will be talking strategy with allenenitzer, who thinks that the stock market has been trying to follow the fed, but failing every time. this is bloomberg. shery: u.s. futures slightly higher in that asian session. we have the nasdaq 100 outperforming. the only sector down was energy, oil low 80's five dollars a barrel for the first time since january -- below $85 a barrel for the first time since january. the 50 day moving average below its 200 day marker. further pressure on oil. our next guest says the stock market has been trying to fight the fed, but failing every time. danny genter of genter capital management. a big component of the rally has been energy and now that sector seems to be faltering. what will drive the stock markets next? dan: i think you are seeing the overall market trying to deal with the data in front of us. when you look from a u.s. perspective, the economy is in pretty good shape. the fact is, when you look at earnings growth, when you look at inflation and some of the number starting to subsid

e patterson >> cira marie patti >> robert e pattison james robert paul patrice paz victor paz-gutierrez stacey lynn peak >> richard allenarsall >> thomas pedicini >> todd douglas pelino >> michel adrian pelletier >> anthony g peluso >> angel ramon pena >> richard al penny >> >> you should have been here to hold your grandson in your hands when he was born on father's day. i know you have been excited to teach them things, spend time with them. your kindness, your compassion, baking cakes and loving traveling, despite everything that was going on that day, they ran toward the chaos. every single fdny firefighter, some of them are on the way home, having a day off, they turned around and went back into hell. not one but two planes hit the towers. they still ran into the buildings. i will make sure that my son knows about the people that helped after the dust settled. we need to rise above our differences. god bless new york city, god bless the first responders. thank you. >> and my brother, their word for washington group international on the 91st floor of the south tower. a survivor that did get on the elevator told us t

. >> thanks to ron allen outside trump tower, just a block and a half or so away from here. let's bring in former u.s. attorney paul charlton. paul, we have talked about some of the other investigations, mar-a-lago, but where do you see the accusations today fitting into the overall fabric of what donald trump faces? >> it's interesting, because of you and your guests have pointed out a number of times, this is a civil matter. the penalties that face the trump family are significant. but they don't involve a felony conviction or time in prison. as chuck so eloquently pointed out, the u.s. attorney's office in southern district of manhattan likely already had much of this information. they were likely very much aware of what the manhattan district attorney's office is doing. in that regard, federal prosecutors will often monitor ongoing civil fraud cases so that they can determine if they can meet what chuck pointed out is that higher burden of proof. the u.s. attorney's office in the southern district of new york will closely watch this case, will closely pay attention to the defenses the trump team will put forwar

paul whelan and the push to bring them home. ever wonder what everyone's doing on their phones? they're investing with merrill. think miss allen no she's totally in charge. of her portfolio and daniel g. she's building a greener future and he's... running a pretend restaurant. and phil? phil has questions, but none of them are about his portfolio. digital tools so impressive, your money never stops working for you with merrill, a bank of america company. choosing a treatment for your chronic migraine - your money never stops working for you with merrill, 15 or more headache days a month, each lasting 4 hours or more - can be overwhelming. so, ask your doctor about botox®. botox® prevents headaches in adults with chronic migraine before they even start. it's the #1 prescribed branded chronic migraine treatment. so far, more than 5 million botox® treatments have been given to over eight hundred and fifty thousand chronic migraine patients. effects of botox® may spread hours to weeks after injection causing serious symptoms. alert your doctor right away, as difficulty swallowing, speaking, breathing, eye problems, or muscle weakn

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paul moral castle or many thanks. did rob, let's go to edinburgh. then i was his own. fisher is there. it'll take another 5 hours or so for the quotation, reached the capital allen from there it'll skirt by or once there it'll skirt by edinburgh castle down the full length of the royal mile to the palace of hollywood house. by about 4 p. m. local time. and the people have been gathering here since early this morning, hoping to get a position where they'll be able to see the queen's cortege that makes its way to hollywood palace, the official residence of the queen in scotland, mobile moral was the place which could go to get away from it all wholly rude as where she really carried out her official duties here in scotland. she would spend at least a summer a week here every summer. and there would be investiture here. so when people are awarded an honor by the queen like a knighthood and are no b, e. often the royal family we come here and carry out the was investors giving the honors to the was people here at hollywood, particularly when they were scottish shore, had had an impact on scottish life. and it sits right across from the scottish parliament where the

ron allen in new york, and business investigations reporter david enrich is with us, a new book out "sefrtds of the damned" and care line polici and former federal prosecutor and msnbc legal analyst paul butler. let's get to some of the questions at 3:00 eastern, 12:00 pacific, the reaction from donald trump himself and number two, our team working the sources and what it means to the southern district of new york and what it could mean, and number three, looking ahead to the legal implications for the former president and his adult children. and we have the attorney general who wants mr. trump and his businesses to pay back $250 million, that they say he got illegally by inflating his assets. assets like mar-a-lago, which they say was valued at more than $700 million more than they think it is actually worth. ten times more. as far as value. his building on park avenue. 50 million more. his seven springs property in westminster, the list goes on. including valuing his trump tower apartment at more than any apartment in new york has ever sold for. the attorney general says that could have broken federal law, which is why she made those referrals to sdny and the irs. mr. trump on truth