Speaker 1: Live from the Bloomberg Interactor Burger Studios. This is is Bloomberg
Speaker 1: day Break for Wednesday, January twelve two. Coming up this hour,
Speaker 1: J Powell offers reassuring words on inflation. Price pressure has
Speaker 1: remained in focus for this morning CPI report, Johnson and
Speaker 1: Johnson's vaccine gets another side effect warning and Biogen share
Speaker 1: slide after the government limits coverage for its Alzheimer's drug.
Speaker 1: Governor HOCl says New York COVID rates are plateauing. Plus
Speaker 1: President Biden makes a pitch to get rid of filibuster rules.
Speaker 1: I'm Michael larn More Ahead, I'm John stand Shown sports giants,
Speaker 1: fans gat their wish, the team fired, Joe Judge will
Speaker 1: be a new coach, and G. M. Nixon nets both
Speaker 1: late tonight. That's all straight Ahead on Bloomberg day Break
Speaker 1: on Bloomberg eleven, Free on New York, Bloomberg on Washington,
Speaker 1: d C, Bloomberg one oh six one Boston, Bloomberg nine sixties,
Speaker 1: San Francisco, Sirius XM one nine Team, and around the world.
Speaker 1: Old on Bloomberg Radio dot Com and via The Bloomberg Business.
Speaker 1: Good Morning, I'm Nathan Hagar, and I'm Karen, Moscow and
Speaker 1: US futures are moving higher this morning ahead of today's
Speaker 1: inflation data. We're coming up to six o one on
Speaker 1: Wall Street, and we checked the markets every fifteen minutes
Speaker 1: throughout the trading day on bloomberg S ANDP futures up
Speaker 1: about nine points down, futures up sixty two, NASTACK futures
Speaker 1: up forty nine. The decks in Germany's up half percent.
Speaker 1: Ten year treasury down to thirty seconds, he at one
Speaker 1: point seven four percent. They yield on the two year
Speaker 1: point nine zero percent. Nim X. Screwed oil is up
Speaker 1: six tents percent or forty nine cents at eighty one
Speaker 1: seventy one cents a barrel, and Bitcoin this morning at
Speaker 1: eight hundred dollars. Nathan, Well, Karen, we're coming up the
Speaker 1: first game for U S stocks in more than a week.
Speaker 1: The rebound came after j. Powell's confirmation hearing, where the
Speaker 1: Fed chair look to reassure senators about the central banks
Speaker 1: plans to tackle inflation. If we see inflation persisting at
Speaker 1: high levels longer than expected, then then we will, you know,
Speaker 1: then will if we have to raise interest rates more
Speaker 1: over time, we will. We will use our tools to
Speaker 1: get inflation back. Powell told senators the Fed is on
Speaker 1: course to start raising interest rates and reduce its eight
Speaker 1: point eight trillion dollar balance sheet. Well, Nathan Powell received
Speaker 1: a relatively warm reception from the Senate Banking Committee. Arkansas
Speaker 1: Republican Congressman French Hill was glad to see a heavy
Speaker 1: focus on inflation. This issue of getting inflation under control
Speaker 1: UH and taking action from a monetary policy is should
Speaker 1: be the principal issue, not climate change, not bank regulatory opinions,
Speaker 1: but their monetary policy responsibility. Arkansas Congressman French Hills spoke
Speaker 1: at our Washington corresponded Joe Matthew on Bloomberg Sound on
Speaker 1: Catch the program weekdays at five pm Eastern on Bloomberg Radio,
Speaker 1: and inflation will remain in the spotlight today, Karen. When
Speaker 1: government data on consumer prices comes out this morning, we
Speaker 1: get a preview from Bloomberg's Viney Dell Judas hang onto
Speaker 1: your hacks again. Bloomberg Economics, as forecast a seven percent
Speaker 1: inflation rate year over year in November hit six point
Speaker 1: eight percent, the most nineteen two, when Paul Walker was
Speaker 1: stomping on the brakes at the Federal Reserve COVID nineteen
Speaker 1: is still an issue today as it has been for
Speaker 1: two long years. Bloomberg Economics as a Macron related bottlenecks
Speaker 1: could add further upward pressure through the first quarter. Vinnie
Speaker 1: Delnic Bloomberg day Break, Right, Vinnie, thank you. All. Prices
Speaker 1: were also front and center in Asia over night, with
Speaker 1: data showing inflation in China East in December, and Bloomberg
Speaker 1: Daybreak Asia anchor Brian Curtis as the details. The Producer
Speaker 1: Price Index rose ten point three percent from a year earlier,
Speaker 1: slowing from November's twelve point nine percent. It was well
Speaker 1: below forecasts. The government took measures to boost supplies of
Speaker 1: commodities and it cracked down on speculation, and food prices fell. Now,
Speaker 1: the CPI increased one and a half percent. That was
Speaker 1: lower than the projection of one point seven percent. O
Speaker 1: Macron is hitting the economy hard, and these softer numbers
Speaker 1: might give the PBO see more scope for easy Brian Curtis,
Speaker 1: Bloomberg day Break. All right, Brian, thank you. Let's turn
Speaker 1: to the pandemic now with a fresh focus on vaccines.
Speaker 1: We told you yesterday. Finer and Maderna are working on
Speaker 1: shots to target the omicron variant, but it looks like
Speaker 1: Dr Anthony Faucci is not on board with that plan,
Speaker 1: Bloomberg said. Baxter has the story. Dr Fauci says he
Speaker 1: feels that time should be spent developing the vaccine in
Speaker 1: the protract against the umbrella of variants past and to come,
Speaker 1: and the interact whost is will play a major role
Speaker 1: in protecting our population, at least from severe disease in
Speaker 1: the context of the ongoing massive surge of the omicron variant.
Speaker 1: He says, the third m RNA dose regiment seems to
Speaker 1: be working and preventing severe disease at this time in
Speaker 1: San Francisco. I'm at Baxter Bloomberg Day Break, All right,
Speaker 1: and thank you. All important news this morning for those
Speaker 1: who have gotten Johnson and Johnson's vaccine. We get the
Speaker 1: latest from Bloomberg's Ranita Young Ranita Karen. The FDA is
Speaker 1: revising its fact sheet for J and Jay's COVID nineteen shot.
Speaker 1: It now warns of the risk of a rare bleeding disorder,
Speaker 1: and it includes recommendations for giving J and J's vaccine
Speaker 1: to people with existing medical conditions. The FDA told J
Speaker 1: and J that reports suggests an increased risk of the
Speaker 1: bleeding disorder during the forty two days after patients received
Speaker 1: their shot. Symptoms include bruising or excessive or unusual bleeding.
Speaker 1: This revision comes a month after the CDC recommended MODERNA
Speaker 1: and viser vaccines for adults over jan Ja's shot. I'm
Speaker 1: reneeding young Bloomberg Daybreak, All right, we need to thank
Speaker 1: you vaccines. They're also in focus in Europe where there's
Speaker 1: a warning about getting too many booster shots. Let's go
Speaker 1: live to London and get the latest from Bloomberg's Max Ramsey.
Speaker 1: Good morning, Max, Good morning Nathan and Karen. Yes, we
Speaker 1: have this warning from the European Medicines Agency. It's the
Speaker 1: key EU regulator that's saying that frequent booster shots could
Speaker 1: have negative effects on the immune system and tire people out.
Speaker 1: That's based on repeating boosters every four months. So instead
Speaker 1: they think countries should leave more time between vaccines and
Speaker 1: tie them to the start of the cold season, say
Speaker 1: following in the footsteps of flu vaccine programs. Live in London,
Speaker 1: I'm Max Ramsey, Bloomberg Daybreak, Right, Max, thank you and
Speaker 1: finally incorporate news this morning. Shares of Biogenner down more
Speaker 1: than ten percent this morning. The federal government is limiting
Speaker 1: coverage of Biogen's Alzheimer's treatment, and we get more from
Speaker 1: Bloomberg's Doug Christner. Last June, the FDA granted Biogen's drug
Speaker 1: adu Helm accelerated approval, despite objections from FDA advisors. Since then,
Speaker 1: Medicare has been paying for the treatment on a case
Speaker 1: by case basis. Now, the Centers for Medicare and Medicaid
Speaker 1: Services is curbing access. Coverage of Biogen's therapy and other
Speaker 1: emiloid targeted Alzheimer's therapies will be limited to those participating
Speaker 1: in qualifying clinical trials. The CMS said the decision was
Speaker 1: the result of a thorough analysis. It found while ad
Speaker 1: you Helm could help patients, there is also the potential
Speaker 1: for harm. In New York, I'm Doug Christner, Bloomberg Daybreak,
Speaker 1: All right, Doug, thank you right now. S and P
Speaker 1: futures up nine points, staff futures up sixty seven, nest
Speaker 1: at features higher by fifty two points, the tenure treasury
Speaker 1: is down to thirty seconds, the yield one point seven
Speaker 1: four percent, and I'm ex screwed up six tenths per cent.
Speaker 1: Or forty seven cents at eighty one sixty nine cents
Speaker 1: a barrel straight ahead, your latest local headlines and a
Speaker 1: check of sports. This is Bloomberg in six o seven
Speaker 1: on Wall Street where twenty three degrees in Central Park
Speaker 1: and still dealing with this overturn tractor trailer on East
Speaker 1: Found eighty and hack and sack the tails coming up
Speaker 1: in traffic. First Michael Laher with more on what's going
Speaker 1: on in New York and around the world. Michael, thank
Speaker 1: you very much, Nathan. Governor Kathy Oakel says the omicron
Speaker 1: fueled COVID surgey New York appears to be cresting over
Speaker 1: that peak as the rate of increased slows. Ocal says
Speaker 1: the percentage of New Yorkers that tested positive has dropped
Speaker 1: to eighteen point six percent from more than two percent
Speaker 1: in recent days. Cases are slowing down, the rate of
Speaker 1: increases slowing down, um, but they're still high. They're still high.
Speaker 1: It We are not at the end. But I wanted
Speaker 1: to say that this is to me a glimmer of hope,
Speaker 1: a glimmer of hope at a time, and we desperately
Speaker 1: need that, the governor says, in New York, City COVID
Speaker 1: rates are platte sewing, while upstate figures are tracking behind
Speaker 1: the city by a couple of weeks. New Jersey Governor
Speaker 1: Phil Murphy reinstated a public health emergency to respond to
Speaker 1: the omicron fueled surge in COVID cases. The executive order
Speaker 1: allows for existing orders, like requiring masking in schools and
Speaker 1: daycare settings to remain in effect. Murphy spoke about COVID
Speaker 1: during his State of the State address yesterday. Just as
Speaker 1: we thought we had finally gotten ahead of COVID, the
Speaker 1: omicron variant came along. O. Macron is doing its best
Speaker 1: to stop us in our tracks and push us back.
Speaker 1: We will not let it, Governor Murphy says. For now.
Speaker 1: The health Emergency declaration is effective immediately and will expire
Speaker 1: after thirty days. At least fourteen of the seventeen victims
Speaker 1: from Sunday's deadly high rise apartment fire in the Bronx
Speaker 1: have now been identified. Victims range in age from five
Speaker 1: to fifty years old. The Medical Examiners offices all of
Speaker 1: those killed died from smoke in realation. Last night, a
Speaker 1: vigil was held outside the building for the victims. President
Speaker 1: Biden challenge Senators to stand against voter suppression, urging them
Speaker 1: to end the filibuster rule in order to pass voting
Speaker 1: rights legislation. President Biden spoke in Atlanta, Jim Crew two
Speaker 1: point oh was about two insidious things. Voter suppression an
Speaker 1: election subversion. It's no longer about who gets to vote,
Speaker 1: It's about making it harder to vote. Meanwhile, Republicans Senate
Speaker 1: Leader Mint McConnell is promising to create a log jam
Speaker 1: for Democrats if they vote to override the filibuster rule.
Speaker 1: We're ready to have this vote. We think it's time
Speaker 1: for those who want to break the Senate to stand
Speaker 1: up and try to break the Senate. And let's see
Speaker 1: where everybody stands. Senator McConnell spoke to reporters after a
Speaker 1: GOP lunch and Global News twenty four hours a day
Speaker 1: on air. Down Bloomberg Quick Take, powered by more than
Speaker 1: seven hundred journalist and analysts more than twenty countries. Michael Barr,
Speaker 1: this is Bloomberg, Nain, Michael, thank you almost six cent
Speaker 1: on all Street time for the Bloomberg Sports Update with
Speaker 1: John Stown. Thanks Nathan. The firing of Joe Judge means
Speaker 1: the Giants If you include an interim head coach of
Speaker 1: few years ago. We're about to have their sixth different
Speaker 1: coach over an eight year span. The Steelers have had
Speaker 1: three coaches in the last fifty two years. The feeling
Speaker 1: was the Giants wanted to avoid having to fire a
Speaker 1: third strange coach who lasted just two seasons, but the
Speaker 1: six game losing streak to finish the year, plus some
Speaker 1: bizarre Judge postgame press conferences left them with no choice.
Speaker 1: Reaction from one time Giant Ryan Clark now on ESPN
Speaker 1: NFL animal, if you're going to keep the integrity of
Speaker 1: what your organization is supposed to be, then Joe Judge
Speaker 1: can't continue to be the head coach of the New
Speaker 1: York Giants. This is a team that lost six games
Speaker 1: by double digits to finish the season. This is the
Speaker 1: team that kneeled the ball on third and nine from
Speaker 1: their own five yard and this was a team that
Speaker 1: was no longer competing. And the one thing that good
Speaker 1: scene to do is they reflect coaching. So the Giants
Speaker 1: down need a coach and general manager, and makes sense
Speaker 1: to get the GM first. It appears that for both
Speaker 1: jobs they will look to bring in someone from outside
Speaker 1: the organization. That's something their fans have wanted. But the
Speaker 1: strange season with the Islanders first thirteen games all on
Speaker 1: the road. Team that almost played for the Stanley Cup
Speaker 1: last season, had eleven game losing streak. Their last eight
Speaker 1: games have been postponed due to COVID and now set
Speaker 1: to play the Devil's tomorrow and Islander coach Barry Trot's
Speaker 1: test had positive and he just returned from time off
Speaker 1: after the death of his mother. Next to night go
Speaker 1: for a fifth grade home win. It would get them
Speaker 1: back to five hundred. Dallas comes into the Garden righting
Speaker 1: the six game win streak. The Nets have lost five
Speaker 1: of their last seven. They visited Chicago. The Bulls won
Speaker 1: last night by forty six. They've got the best record
Speaker 1: in these John Stash, Edward Bloomberg Sports, Nathan Okay, John,
Speaker 1: thank you, s and p Futures now up almost six points,
Speaker 1: Stuff features up forty five. Dance that futures are higher
Speaker 1: by almost thirty eight points. The tenure treasury is gonna
Speaker 1: down one thirty second, the yield one point seven four.
Speaker 1: You're listening to Bloomberg day Break and it's brought to
Speaker 1: you by Autie. Don't let someone else drive off in
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Speaker 1: markets headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot com, the Bloomberg Business Out and at
Speaker 1: Bloomberg Quick Tape is a Bloomberg Business Flash, and I'm
Speaker 1: Karen Moscow. European stocks are moving higher this morning, and
Speaker 1: treasury yields are steady ahead of that key reading on inflation.
Speaker 1: US DOCK Index futures are moving higher, and we check
Speaker 1: the markets every fifteen minutes throughout the trading day on
Speaker 1: Bloomberg S and p Future is up seven point to
Speaker 1: down futures of forty six nasdack futures at forty five
Speaker 1: the decks in Germany's up a third of percent. Ten
Speaker 1: year treasury down one thirty second yield one point seven
Speaker 1: four percent. That yield on the two year point nine
Speaker 1: zero percent. Nine X screwed oils up seven tents per cent,
Speaker 1: or fifty four cents at eighty one seventy six cents
Speaker 1: of barrel Comic school that will change at eighteen seventeen
Speaker 1: forty announce the euro one point one three six two
Speaker 1: against the dollar. British found one point three six three three,
Speaker 1: the ends in one fifteen point four one, and bitcoin
Speaker 1: this morning moving higher at two eight hundred dollars. And
Speaker 1: we do get that CPI report at a thirty Wall
Speaker 1: Street time at you. The FED releases its page book
Speaker 1: and that's a Bloomberg business flash. Now here's Michael Barr
Speaker 1: with more on what's going on around the world. Michael Karen,
Speaker 1: thank you very much. Democratic leaders are pushing for changing
Speaker 1: the filibuster rule and the Senate to push forward on
Speaker 1: voting rights legislation. The Senate could vote to change it
Speaker 1: as early as today. President Biden traveled to Georgia to
Speaker 1: voice his support in changing it. Former Senator Harry Reid
Speaker 1: will ly in state at the US Capitol as colleagues
Speaker 1: and friends pay tribute to the Democrat who served five
Speaker 1: terms in the Senate. Read will be honor today in
Speaker 1: the Capitol Rotunda during a ceremony closed to the public.
Speaker 1: NFL News the Giants of Cleaned House firing coach Joe
Speaker 1: Judge the day after general manager Dave Getleman retired. In
Speaker 1: the NBA, the Wizards won, the Warriors lost Global news
Speaker 1: twenty four hours a day on here and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalist and analysts
Speaker 1: more than a hundred twenty countries. Michael barn This is Bloomberg.
Speaker 1: Nathan Okay, Michael. Thanks at six nineteen on Wall Street
Speaker 1: Live from the Bloomberg Interactive Brokers Studios. This is Bloomberg
Speaker 1: day Break. Let's get more now on FED share Jerome
Speaker 1: Powell's inflation fighting message as we await yet another read
Speaker 1: on consumer prices. Tom Porcelli is with US now, chief
Speaker 1: US economist at RBC Capital Markets. Of course, Tom, we
Speaker 1: heard yesterday Powell tell the Senate Banking Committee that the
Speaker 1: FED will use its tools to get inflation back, that
Speaker 1: to raise interest rates more over time they will Is
Speaker 1: the FED getting ahead of inflation? Uh no, No, I
Speaker 1: think I think they're they're they're really far behind inflation,
Speaker 1: which is why now that share Powell has to act
Speaker 1: or sound so aggressive. So no, I think that this
Speaker 1: is sort of playing catch up. Um. Actually, and so
Speaker 1: you know it's I don't know why anyone is all
Speaker 1: shocked and bothered when you hear Powell talk about or
Speaker 1: stated differently, when you don't hear anyone within the set
Speaker 1: of pushing back on the idea that you're going to
Speaker 1: see at least four rate hikes this year and start
Speaker 1: quantitative tightening this year. I mean, you know that. And
Speaker 1: what's interesting to me about the whole conversation is it's
Speaker 1: great that the market is, you know, sort of you
Speaker 1: know now embraced the idea of four hikes. But I
Speaker 1: think what people have to bear in mind is that,
Speaker 1: you know, that's just four hikes this year. I think
Speaker 1: you can see another four hikes next year. Um. And
Speaker 1: so I think that this is this is in part
Speaker 1: that the catch up element that's going on. Do you
Speaker 1: think the Powell is embracing the idea for hikes? Did
Speaker 1: you get to that point yesterday? I you know, it's
Speaker 1: always hard to get inside someone's mind, but I would
Speaker 1: say this way, Um, you know, there's he had an
Speaker 1: opportunity yesterday to push back on it, and they'll have
Speaker 1: ample opportunity over the coming weeks. I mean, there's an
Speaker 1: FOMC meeting not too far from now. You know, if if,
Speaker 1: if you, if they dislike where the markets head is at,
Speaker 1: they'll push back on it. But just to be clear,
Speaker 1: We've already heard from quite a number of BEET officials
Speaker 1: and I haven't heard any pushing back on it. Good
Speaker 1: point there. What about the balance sheet unwind pal saying
Speaker 1: that that could happen sooner and faster. When do you
Speaker 1: see that's starting to happen. Yeah, so that's another dynamic
Speaker 1: that all happen this year. We we expect that it
Speaker 1: could happen even as early as the first half of
Speaker 1: the year, so it would be sort of after after
Speaker 1: the first hyke. Um. You know, I think again, this
Speaker 1: is just yet another another dynamic that I think is
Speaker 1: so interesting and so different relative to where we were
Speaker 1: after the g f C. Right, the FED is acting,
Speaker 1: and I think this is a really important point for
Speaker 1: for most people to sort of appreciate or understand. The
Speaker 1: economic backdrop today is wildly different than the economic backdrop
Speaker 1: when the FED started. You know, the process of unwanting
Speaker 1: the balance sheet back then, right like we were still
Speaker 1: enduring the jobless recovery. You know, economic activity was you know,
Speaker 1: sort of not moving along at a at a rapid pace.
Speaker 1: None of that is true today. Um, you know, we've
Speaker 1: the labor backdrop is incredibly tight. Um, We've claused that
Speaker 1: most of the lost output. So again I think no
Speaker 1: one should be surprised that this entire process is very
Speaker 1: exhilerated verse post GFC. So then is there a risk
Speaker 1: if it does get more accelerated, that we could be
Speaker 1: in line for a policy mistake from the Fed? Yeah?
Speaker 1: I think look at any time to adjusting policy, I
Speaker 1: think there's always a risk. I mean, I don't think
Speaker 1: that this this time is um uh, well, this time
Speaker 1: is somewhat unique, and I can talk about that in
Speaker 1: the moment. But but yes, I think any time the
Speaker 1: FED is adjusting policy, I think that that is always
Speaker 1: the risk. I think that the risk is bigger this
Speaker 1: time because the FT is so far behind the curve
Speaker 1: um and so if they feel that, if they feel
Speaker 1: compelled to have to sort of, you know, accelerate, you
Speaker 1: know what could have been a gentle hiking cycle, um
Speaker 1: if they started just sooner than sure, I think that
Speaker 1: there's probably more elevation. I don't know if more elevated
Speaker 1: is even the right phrase, but there's there's more risk,
Speaker 1: uh probably this go around than what we've seen certainly
Speaker 1: in recent history. In our last minute, here, Tom, what
Speaker 1: about today's CPI reading a lot of expectation for that
Speaker 1: number seven. Is that where you're at? Ye? Yes, so
Speaker 1: I think in fact, again I think let's look even
Speaker 1: beyond this report. So, yes, this report will see an acceleration.
Speaker 1: I think you've see an acceleration in the in the
Speaker 1: report thereafter. I think you can potentially see one more
Speaker 1: acceleration even two months from now, before you finally start
Speaker 1: to um, you know, sort of stabilize at least to
Speaker 1: some extent um and then you have the sort of
Speaker 1: those hard year in your calms start to eat into
Speaker 1: the year and your page. But again, I think we
Speaker 1: should brace ourselves for at least two or three more
Speaker 1: months of acceleration from here. All right, Tom Porcelli, Chief
Speaker 1: US economist at RBC Capital, thanks for your insights. As always,
Speaker 1: as we do await that CPI data. UH, the expectation
Speaker 1: of seven percent year over year price increases for consumers.
Speaker 1: Will have full coverage for you here on Bloomberg Radio.
Speaker 1: Ahead of all that, SMP futures are up almost seven points,
Speaker 1: staff futures up forty five and NASTAC futures are higher
Speaker 1: by forty four points. Little change to the tenure. Note
Speaker 1: Now the yield one point seven three percent, and the
Speaker 1: yield on the two year is at point nine zero percent.
Speaker 1: Nime X Screwed is hired by six tenths per cent
Speaker 1: or forty seven cents eighty one dollars sixty nine cents
Speaker 1: of barrel comic Good Little change down seventy cents at
Speaker 1: eighteen seventeen eighty announce straight ahead on Bloomberg Daybreaker, recession
Speaker 1: warning to go along with inflation, and a new red
Speaker 1: flag for Johnson and Johnson's COVID vaccine as we checked
Speaker 1: the five things you need to know to start your day.
Speaker 1: Right here on Bloomberg Daybreak. This is Bloomberg Bloomberg eleven three,
Speaker 1: a weather mix of sun and clouds and a high
Speaker 1: near forty today more clouds than sun Tomorrow, low forties
Speaker 1: probably the mostly sunny, breezy, and mid thirties for Friday.
Speaker 1: Right now twenty three degrees broadcasting live from the Bloomberg
Speaker 1: Interactive Brokers Studio in New York. Bloomberg Loving Freedom to Washington,
Speaker 1: d C, Bloomberg On to Boston, Bloomberg one O six
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Speaker 1: Sirius XM Chado one ninet and around the globe the
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Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. We're just about
Speaker 1: three hours away from the open of US trading. Time
Speaker 1: for the five things you need to know to start
Speaker 1: your day. Brought to you by Interactive Brokers and Directed
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Speaker 1: Slash g a up first. US futures are moving higher
Speaker 1: after yesterday's rebound on Wall Street. The S and P
Speaker 1: five hundred gained almost one percent and the NASDAC grows
Speaker 1: one point four percent after J. Powell reassured senators about
Speaker 1: the Central Bank's plans to tackle inflation. Will be normalizing policy,
Speaker 1: meaning we're gonna end er asset purchases in March, meaning
Speaker 1: will be raising rates over the course of the year.
Speaker 1: At some point, perhaps later this year, we will start
Speaker 1: to allow the balance sheet to run off. J. Powell
Speaker 1: made the comments during his confirmation hearing for another term
Speaker 1: as FED share. He also made the case that inflation
Speaker 1: will slow on its own as supply chain issues ease
Speaker 1: and prices of the main focus again todaycare and the
Speaker 1: government releases its consumer price index for December. This morning,
Speaker 1: economists predict a year over your gain of seven percent. Meantime,
Speaker 1: Jeffrey Gunlock warns that recessionary pressure is building along with inflation.
Speaker 1: Nathan and the webcast the billionaire bond fund manager said
Speaker 1: the FED is pretty far behind the curve. He also
Speaker 1: thinks the Central Bank and only raised rates to just
Speaker 1: one and a half percent before it starts inflicting economic pain.
Speaker 1: Returning to the pandemic, now, vaccines are front and center,
Speaker 1: and there's important news for those who have gotten Johnson
Speaker 1: and Johnson's shot. Let's get it from Bloomberg's RNDA Young
Speaker 1: Granita Nathan. The FDA is revising its fact sheet for
Speaker 1: J and J's COVID nineteen vaccine. It warns of the
Speaker 1: risk of a rare bleeding disorder, and it includes recommendations
Speaker 1: for giving Jane J shot to people with existing medical conditions.
Speaker 1: The FDA told J and J that reports suggests an
Speaker 1: increased risk of the bleeding disorder during the forty two
Speaker 1: days after patients received their vaccine. So far, about seventeen
Speaker 1: million Americans have taken the shot. I'm rened a young
Speaker 1: Blomberg Daybreak, Bernita, thank you, and incorporate news this morning
Speaker 1: shares a bio Jenner down almost ten percent in early trading.
Speaker 1: The US government is limiting Medicare coverage of the company's
Speaker 1: Alzheimer's treatment. It will now only cover patients enrolled in
Speaker 1: clinical trials. It's a highly unusual move that will curb
Speaker 1: access to the controversial treatment approved last year. And that's
Speaker 1: the five things you need to notice. Start your day.
Speaker 1: Brought to you by Interactive Brokers again US and P
Speaker 1: Future is up six points this morning, down futures of
Speaker 1: forty seven, NASDAK futures of thirty five, and attend your
Speaker 1: treasury little change yield one point seven three per cent.
Speaker 1: Straight ahead your latest local headlines plus a check of sports.
Speaker 1: This is Bloomberg sixty three on Wall Street where twenty
Speaker 1: four degrees in central property of an accident on the
Speaker 1: southbound west Side Highway two hundred twenty five. Details coming
Speaker 1: up from Peter Van in a few minutes. First, Michael
Speaker 1: Barr with what else is going on in New York
Speaker 1: and around the world. Good morning, Michael, Good morning Nathan.
Speaker 1: Governor Kathy Oakele says in New York City, COVID rates
Speaker 1: are plant towing while upstate figures are cracking behind the
Speaker 1: city by a couple of weeks. Looks like we might
Speaker 1: be crusting that peak. The governor, during her virus briefing
Speaker 1: says the percentage of New Yorkers that tested positive has
Speaker 1: dropped to eighteen point six percent from more than in
Speaker 1: recent days. Local says more than twelve thousand, five hundred
Speaker 1: of people were hospitalized in the state on Monday. New
Speaker 1: Jersey Governor Hill Murphy reinstated the public health emergency to
Speaker 1: respond to the omicron fueled surge in COVID cases. Murphy
Speaker 1: spoke about COVID during a State of the State address yesterday.
Speaker 1: We are seeing new case counts that dwarf anything would
Speaker 1: seem to this point upwards of four times as many
Speaker 1: New Jersey ins have COVID today that did one year ago.
Speaker 1: The governor says. The executive order allows for existing orders
Speaker 1: like requiring masking in schools, to remain in effect. At
Speaker 1: least fourteen of The seventeen victims from Sunday's deadly high
Speaker 1: rise apartment fire in the Bronx have now been identified.
Speaker 1: Last night of vigil was held for the victims, who
Speaker 1: ranged an age from five to fifty years old the
Speaker 1: Medical Examiner's offices, although those killed died from smoke inhalation.
Speaker 1: President Joe Biden is challenging Senators to stand against voter suppression,
Speaker 1: urging them to change Senate rules in order to pass
Speaker 1: voting rights legislation. Republicans are blocking it from debate and votes.
Speaker 1: Biden spoke in Atlanta, I will not yield, I will
Speaker 1: not fledge. I will defend the right to vote our
Speaker 1: democracy against all enemies. For and Yes, Domestic to voting
Speaker 1: rights bills are currently stalled. Republicans say the bills aren't
Speaker 1: aimed at fairness, but at giving Democrats election advantages. GOP
Speaker 1: Senate leader Mitch McConnell was promising to create a log
Speaker 1: jam for Democrats if they vote to nuke the filibuster
Speaker 1: rule to advance voting rights. It takes anonimous consent to
Speaker 1: turning the lights on, so in a post nuclear snate,
Speaker 1: it's appropriate to ask how usually would it be to
Speaker 1: get consent to turning the lights on. Accountell spoke to
Speaker 1: reporters after Republican luncheon shortages at US grocery stores have
Speaker 1: grown in recent weeks. New problems like the omicron variant
Speaker 1: intervere whether they're piling on to the supply chain struggles
Speaker 1: and labor shortages that have plague retailers since the coronavirus
Speaker 1: pandemic began. Global News twenty four hours a day on
Speaker 1: air and on Bloomberg Quittake, powered by more than twenty
Speaker 1: seven hundred journalists, analysts and more than a hundred twenty countries.
Speaker 1: I'm Michael Barr. This is Bloomberg, Nathan. Okay, Michael, Thanks
Speaker 1: coming up to the sixty six on Wall Street temper
Speaker 1: for the Bloomberg Sports Outday with John Stenshaw. All right, Nathan.
Speaker 1: Joe Judge was a surprise higher by the Giants two
Speaker 1: years ago and then thirty eight year old, relatively unknown
Speaker 1: special teams coach in New England. The Giants under Judge
Speaker 1: did finish last season strong, but this season a nightmare,
Speaker 1: a club record tying thirteen losses, including an embarrassing six
Speaker 1: game Louis and straight down the stretch with the Giants
Speaker 1: struggle to even get a first down. The Giants fired
Speaker 1: Judge with aunor John Marrow, who met with Judge both
Speaker 1: Monday and Yesterday's, saying in a statement it was his
Speaker 1: desire at the start of the season to have the
Speaker 1: team going in the right direction at the end and
Speaker 1: that's not the case. Mara and co owner Steve Tish
Speaker 1: had begun the process to hire a new general manager
Speaker 1: to replace the apt going Dave Gentleman, and then the
Speaker 1: owners with the new GM will hire a new coach.
Speaker 1: It will be the sixth different coach over the last
Speaker 1: eight years. The Giants seventeen tied with the Jets for
Speaker 1: the worst record in football. Novak djokovit practicing to defend
Speaker 1: his Australian Open title, but still not sure if he'll
Speaker 1: be allowed to play. Djokovic now admits that his team
Speaker 1: made a mistake in his travel documents for his arrival,
Speaker 1: which led to his visa being taken away. He also
Speaker 1: admits he was in public last month without a mask,
Speaker 1: even after learning he attested positive. The Australian Immigration Office
Speaker 1: said to be deciding whether to deport Djokovic, which could
Speaker 1: lead to more legal challenges. The tournament begins next Monday.
Speaker 1: The Mets on the new owner Steve Cohen, last year
Speaker 1: retired Jerry Kuzman's number thirty six, and now they will
Speaker 1: do likewise for another x Met great Keith Hernandez his
Speaker 1: number seventeen. Of course, a long time Mets podcaster, College
Speaker 1: Hoops Reapers lost at Pench Day Top rank, Baylor's first
Speaker 1: lost of the year, beaten by Texas Tech. John Stash Network,
Speaker 1: Bloomberg Sports Nathan Okay, John thanks at six thirty seven
Speaker 1: on Wall Street. Time to take a look at stocks
Speaker 1: now some of the names moving in the pre market.
Speaker 1: Bloomberg Radio and TV markets corresponded. Creedy Gupta is with
Speaker 1: us this morning, starting off with some possible deal news
Speaker 1: in the communications space. Crety. Yeah, We're gonna start off
Speaker 1: with Dish Network. How long has it been since we've
Speaker 1: heard that name in the stock? Mover is Nathan c
Speaker 1: I s H S Your taker up eight percent in
Speaker 1: the pre market. That's coming after The New York Post
Speaker 1: reported that the pay TV provider is in fresh merger
Speaker 1: talks with Direct TV, and those new talks being plushed
Speaker 1: by Direct TV shareholder TPG Capital. Let's put this in
Speaker 1: some context, though, because They actually had a proposed combination
Speaker 1: of the two firms two decades ago. Uh it was
Speaker 1: eventually shot down by the FCC and the US Justice Department.
Speaker 1: They tried again just about two years ago, and the
Speaker 1: d o J quietly warned executives against the deal. So
Speaker 1: let's see is this time it goes through once again.
Speaker 1: Dish a Network d I S eight up eight percent
Speaker 1: in the pre market. Speaking of mergers and deals, we
Speaker 1: should talk about Microsoft as well. M S f T
Speaker 1: up half a percent. This comes after the Competition Markets Authority,
Speaker 1: which is that antitrust regulatory kind of body in the UK,
Speaker 1: is considering whether Microsoft's acquisition of Nuanced Communications should be
Speaker 1: an antitrust issue in the UK. They're actually looking for
Speaker 1: competitive reasons anything to see that what it would threaten
Speaker 1: the goods and services kind of provided in the UK. Nevertheless,
Speaker 1: those shares are up half a percent in the pre
Speaker 1: market ahead of the start of that reviews. Something to
Speaker 1: watch in the days and in the weeks ahead. Yeah,
Speaker 1: and I'm sure Creedy you've been watching shares of Biogen
Speaker 1: this morning. We've been reporting all morning about the latest
Speaker 1: negative news around their Alzheimer's treatment. Right, Well, remember they have.
Speaker 1: They have tried to get this very controversial Alzheimer's treatment
Speaker 1: approved around the world. The US FDA is really the
Speaker 1: only one who approved it. The European Medical Authority the
Speaker 1: Japanese Medical Authority, which was the big shocker, both denying it,
Speaker 1: saying it was too controversial. Well, it looks like Biogen
Speaker 1: is down again, this time after the US government limited
Speaker 1: Medicare coverage of that Alzheimer's disease treatment and similar drugs
Speaker 1: to patients enrolled in clinical trials. It's a pretty unusual move.
Speaker 1: It curves access to the controversial treatment. But what's interesting
Speaker 1: is that you're also seeing the impact happen in Eli.
Speaker 1: Lily Shares l l Y is a taker there, down
Speaker 1: two point two percent in sympathy, saying that some of
Speaker 1: those encroachments might affect them as well. On Biogen b
Speaker 1: I I B is a taker down ten percent, Nathan,
Speaker 1: and throw a quick one at you. Hear pet Pal
Speaker 1: as well, down two and a half percent, getting cut
Speaker 1: to a hold from a by over at Jeffrey's, the
Speaker 1: analysts saying paypals multiple is unlikely to expand on a
Speaker 1: lack of catalyst. Nathan all Right, a negative analyst call
Speaker 1: there from Bloomberg Radio and TV Markets correspondent Creany GOOFDA
Speaker 1: keeping us on top of what's happening in the early
Speaker 1: trading and as we take a look at stocks as
Speaker 1: a whole ahead of the Wednesday morning open, modestly higher
Speaker 1: SMP futures up five points down, futures up forty six
Speaker 1: stands that futures on the rise by thirty one points.
Speaker 1: Attend your treasury right now little changed at one point
Speaker 1: seven three percent yield for a tenure Treasury note and
Speaker 1: the yield on the two year right now point nine
Speaker 1: zero percent. Stay with us. You're listening to Bloomberg Daybreak
Speaker 1: Bloomberg eleven three. A weather mix of sun and clouds
Speaker 1: and a high in near forty today, low forties with
Speaker 1: more clouds than sun Tomorrow. It'll turn sunny and breezy
Speaker 1: for Friday, with a high near thirty five right now
Speaker 1: twenty four degrees in Central Park. Markets headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business App, and at Bloomberg Quick Tape. He's
Speaker 1: a Bloomberg Business lash and I'm Karen Moscow. Future is
Speaker 1: on the rise. This morning, We had at the first
Speaker 1: word Breaking news dask for today's morning call. Here's Bill Maloney,
Speaker 1: Bill morning, and good morning. Can that's right? Modest games
Speaker 1: in the US. Futures right now at down, futures hired
Speaker 1: by fifty four points, simes game seven well then as
Speaker 1: that futures are higher by thirties six. The US ten
Speaker 1: year old at one point seven four percent, Gold is
Speaker 1: down three, Oil trading higher, and bitcoin is little changed.
Speaker 1: Japan rose one point nine percent overnight, while up markets
Speaker 1: are also in the green this morning and back in
Speaker 1: the US. On the economic Fronday thirty, the consumer price
Speaker 1: in x and at two o'clock the FED releases it's
Speaker 1: beige book after the Bellast night, it was reported that
Speaker 1: Medicare limited the coverage of Bologen's Alzheimer's drug shows a
Speaker 1: down ten percent in the pre market and regarding urns.
Speaker 1: This morning, Jeffrey's revenue missed estimates, trapping things up. Snowflake
Speaker 1: race to overweight at Barkeley's door, Dash raised over at
Speaker 1: ever Cores, PayPal was put to hold at Jeffreys, and
Speaker 1: Boogen was put to neutral over at Piper Live. From
Speaker 1: the first to Breaking News, dost Gom, Bill Maloney Karen
Speaker 1: Hery Bail, thank you to hear live breaking news over
Speaker 1: here at Bloomberg. Type squawk on your terminal. I'll ascue
Speaker 1: you a w U K and that's a Bloomber business flash.
Speaker 1: Now here's Michael Barrow with more on what's going on
Speaker 1: around the world. Michael, Karen, thank you very much. The
Speaker 1: Biden administration will increase the amount of COVID nineteen tests
Speaker 1: available for schools by ten million per month, according to
Speaker 1: the White House, That more than doubles the amount of
Speaker 1: testing available for schools compared to testing that took place
Speaker 1: in November of top NATO and the Russian officials are
Speaker 1: meeting to try to bridge deep differences over the future
Speaker 1: of Ukraine. The meeting comes in a week of high
Speaker 1: stakes diplomacy and a US led effort to prevent what
Speaker 1: some fear could be a Russian invasion of Ukraine. Tennis
Speaker 1: star Novak Djokovic, caught up in visa drama in Australia,
Speaker 1: admitted that he attended a newspaper interview and a photo
Speaker 1: shoot when he knew he was infectious with COVID nineteen.
Speaker 1: NFL news the Giants have fired coach Joe Judge, a
Speaker 1: day after general manager Dave Gentleman retired. In the NBA,
Speaker 1: the Wizards won, the Warriors lost. Global news twenty four
Speaker 1: hours a day on the air and on Bloomberg Quickdake
Speaker 1: powered more than twenty seven under journalist and analyist more
Speaker 1: than a d twenty countries. I'm Michael Barr, and this
Speaker 1: is Bloomberg. Karen, all right, Michael, thank you. It is
Speaker 1: six forty nine on Wall Street, and we turned to
Speaker 1: news and science and technology now. But the Bloomberg and
Speaker 1: j I T STEM report brought to you by New
Speaker 1: Jersey Institute of Technology, which announced the renowned scholar and
Speaker 1: educational leader, Dr tech Limb will join the university as
Speaker 1: n j I T S ninth President. Learned more at
Speaker 1: n j I T dot e DU Now here's this
Speaker 1: Miking News and Science, Technology, Engineering and math. A federal
Speaker 1: judge has revived the Federal Trade Commission antitrust can plant
Speaker 1: against Facebook. The FDC said the social network have used
Speaker 1: its dominance and should be broken up. The same judge
Speaker 1: had dismissed the case in June, but now says the
Speaker 1: agency has established that Facebook exercises monopoly power. Facebook said
Speaker 1: the evidence will reveal the weakness of the government's case.
Speaker 1: Opponents of a planned commercial spaceport on the Georgia coast
Speaker 1: have asked a judge to stop local officials from buying
Speaker 1: land for at the commercial launch pad. They want a
Speaker 1: special election that will let voters decide whether the deal
Speaker 1: should happen. Officials have spent years pursuing Spaceport Camden, calling
Speaker 1: it a once in a generation opportunity that would boost
Speaker 1: the economy not only by launching satellites into orbit, but
Speaker 1: also by luring supporting industries and tourists. Opponents say there's
Speaker 1: no guarantee the project will deliver economic growth. Sony will
Speaker 1: keep making PlayStation four consoles this year because the supply
Speaker 1: chain disruptions that have limited output of the more expensive
Speaker 1: PlayStation five. The newer version has been in short supply
Speaker 1: since it was released more than a year ago. The
Speaker 1: older console uses less advanced ships and is easier to make.
Speaker 1: And that's the Bloomberg n j I t Stem Report. Nathan,
Speaker 1: Thank you, Karen. We're live from the Bloomberg Interactive Brokers
Speaker 1: studios where it's almost six fifty one on Wall Street
Speaker 1: and time to check what's going on in d C.
Speaker 1: Some of the top stories from our nation's capital include
Speaker 1: FED Chair powells assurances that the FED will curb inflation
Speaker 1: while doing no harm to the economy, President Biden pitching
Speaker 1: voting rights as allies call for less talk and more action,
Speaker 1: and the White House ramping up COVID test production even
Speaker 1: after demand fades. Also making news, Democrats considering a way
Speaker 1: to move voting rights that could be described as out
Speaker 1: of this world. We'll get to the that story with
Speaker 1: the reporter who broke it, Bloomberg. Government's Emily Wilkins wanted
Speaker 1: to get to that story shortly, but first, Emily, we
Speaker 1: got to talk about Chairman Powell's testimony before the same
Speaker 1: Banking Committee yesterday. Yes, yes, the term. His main message
Speaker 1: on inflation was look that that is going to have
Speaker 1: this under control. He really did see to reassure lawmaker
Speaker 1: making going down. The inflation that we've seen rising up
Speaker 1: over the past month, could see rising up again today
Speaker 1: when the next CPI numbers dropped. Um. It was a
Speaker 1: two and a half hour hearing. There really wasn't any
Speaker 1: testy exchanges between Powell and lawmakers, even though, of course
Speaker 1: you kind of have this dividing line where you have
Speaker 1: Democrats who want Powell to do more to help individuals
Speaker 1: versus Republicans who are concerned about the amount of simulus
Speaker 1: funding that's going into the economy. Um, the power really
Speaker 1: did tie a lot of what's happening with inflation back
Speaker 1: to what we're seeing with the supply chaine and suggesting
Speaker 1: that when the COVID eases again, when the supply chain
Speaker 1: is able to catch up a little bit, that's and
Speaker 1: we are going to see inflation going back down. So
Speaker 1: not a lot of friction for Chairman Powell at the hearing,
Speaker 1: But could we see more friction when it comes to
Speaker 1: some of President Biden's other Fed nominees. We're hearing some
Speaker 1: blowback around the President's pick for top FED regulator. Yes,
Speaker 1: Sarah Bloom Raskin, the vice chair supervision over at the
Speaker 1: Federal Reserve. Her nomination from Biden has been praised by
Speaker 1: several Democratic centers, mostly due to our records on climate change.
Speaker 1: But that same record is bringing criticism from Past Tuney,
Speaker 1: who's the top Republican on the Senate Banking Committee. Uh,
Speaker 1: he's concerned, elearned that Sarah gloom Reskin might wind us
Speaker 1: using her position to really don't push more policy related
Speaker 1: to climate change rather than say, focused more on the
Speaker 1: job in and of itself. Uh. He said a letter
Speaker 1: yesterday that he has serious concerns that she would abuse
Speaker 1: the FED narrow statutory mandates on monetary policy. This might
Speaker 1: not mean anything if enough Democrats are still in favor
Speaker 1: of resting domination she needs to see to go through.
Speaker 1: But it's notable that climate is the sticking point here
Speaker 1: because Senator Joe Manson is one of those fifty Democrats
Speaker 1: whose votes is needed. Obviously comes from West Virginia are
Speaker 1: really known for its coal production, and this could wind
Speaker 1: up being a problem. I would say that the question
Speaker 1: mark is not so much around pet to me, Uh,
Speaker 1: it's much more around Joe Mansions. Interesting you mentioned Senator
Speaker 1: Mansion because he's also potentially pivotal vote when it comes
Speaker 1: to voting rights legislation. We're continuing to get the reaction
Speaker 1: to President Biden's speech in Atlanta yesterday how to do
Speaker 1: with the Base. It didn't do very well. Then Double
Speaker 1: Act really said after the speege that the time to
Speaker 1: talk was was up and it's now time to act,
Speaker 1: and that they really want to see action from President Biden.
Speaker 1: That going to Atlanta and making these speeches. None of
Speaker 1: that is enough for a lot of Biden's core supporters.
Speaker 1: They say that they need more from the president. The
Speaker 1: difficulty is here is that Democrats hands are pretty much
Speaker 1: tied at this point unless Mansion Cinema changed their mind
Speaker 1: about the changing Senate procedure Senate vote for how the
Speaker 1: Senate vote, which is something loemakers are working on right there,
Speaker 1: trying to meet with Sema. We had an overra called
Speaker 1: Mansion Um. They're trying to complete these minds, but it's
Speaker 1: just not happening at this point. Well. Makers are beginning
Speaker 1: to discuss a potential legislative work around UM. Obviously, the Senate,
Speaker 1: they have a ton of procedural vote. It's on those
Speaker 1: for mutual votes that other voting rights legislation has died.
Speaker 1: So there's been discussion now about using a bill that
Speaker 1: has nothing to do with voting rights. It has to
Speaker 1: do it with NASA, and the bill has already passed
Speaker 1: the Senate and went back to the House. The House
Speaker 1: is potentially going to pass that bill back to the
Speaker 1: Senate and that would allow it to skip some of
Speaker 1: that process. The Senate could then put texts inside that
Speaker 1: NASA bille that has to do with voting rights, and
Speaker 1: maybe the engine moved forward on having a debate. It's
Speaker 1: not guaranteed that it feel like that would pass because
Speaker 1: it gets some process but not all of it. But
Speaker 1: it would be a way for Senators to really begin
Speaker 1: to actually discuss the meat of the voting rights legislation,
Speaker 1: where in the past they've they've really been signing by
Speaker 1: process by the process too early to ever actually really
Speaker 1: be able to discuss the merits of the bill. Yeah,
Speaker 1: tucking it into a NASA bill that would be quite
Speaker 1: the work around. Emily. Finally, in our last minute here,
Speaker 1: let's look at the COVID response at the White House.
Speaker 1: You've got a little new more news this morning when
Speaker 1: it comes to testing. So the White House, knowing that
Speaker 1: they're under heavy criticism for what happened with testing uh
Speaker 1: in the rot thro and the rise of the O macron,
Speaker 1: they vows that they're going to wind up producing the
Speaker 1: tests in large numbers even after the omicron variant surge
Speaker 1: is no longer here um the floods that they want
Speaker 1: to make sure that they are ready for the next
Speaker 1: time there's a potential surge. They want to keep Americans
Speaker 1: from waiting in long lines. UM. And they've also begun
Speaker 1: to roll out the plans to ship five hundred million
Speaker 1: at home testing cats the households that needs them. UM.
Speaker 1: Details are still coming about that website. We're expecting to
Speaker 1: see more than this week. But this is really divide
Speaker 1: administration kind of late to the game here, but trying
Speaker 1: to respond to the concerns around testing that a lot
Speaker 1: of Americans have been experiencing in recent weeks. All right,
Speaker 1: Boomber Government reporter Emily Wilkins with the exhaustive update this
Speaker 1: morning from the nation's capital. As always, Emily, thank you.
Speaker 1: You can read more about these stories on Bloomberg dot
Speaker 1: com or on the Bloomberg terminal, and listen to Bloomberg
Speaker 1: Radio in Washington Bloomberg and one oh five point seven
Speaker 1: fm h D two. Right now, SMP futures are up
Speaker 1: five point staff futures up forty one, NASTACK futures higher
Speaker 1: by thirty three points ten. Your treasury is down to
Speaker 1: thirty seconds. The yield one point seven four percent yield
Speaker 1: on the two year right now point nine zero percent.
Speaker 1: Nim X screwed is hired by eight tenths per cent
Speaker 1: or sixty six cents at eighty one eighty eight cents
Speaker 1: of barrel comes gold down to dollar fifty eighteen seventeen,
Speaker 1: even announced the euro one point one three five nine
Speaker 1: against the dollar. The end one fifteen point four two
Speaker 1: bitcoin just shy of forty three thousand dollars. Bloomberg surveillance
Speaker 1: is up next for Karen Moscow. I'm Nathan Hagar, and
Speaker 1: this is Bloomberg