1 00:00:03,120 --> 00:00:06,439 Speaker 1: Live from the Bloomberg Interacted Berger's studios. This is is Bloomberg 2 00:00:06,480 --> 00:00:09,959 Speaker 1: day Break for Tuesday, March twenty nine two. Coming up 3 00:00:10,000 --> 00:00:13,640 Speaker 1: this hour, peace talks between Russia and Ukraine restart today. 4 00:00:13,800 --> 00:00:17,800 Speaker 1: President Biden clarifies his remarks on Vladimir Putin, billionaires in 5 00:00:17,800 --> 00:00:20,799 Speaker 1: private equity, girt for taxis from the White House, and 6 00:00:20,880 --> 00:00:25,160 Speaker 1: bankers in Hong Kong's score raises and promotions. New York 7 00:00:25,239 --> 00:00:28,560 Speaker 1: Mayor Eric Adams is slamming Florida's new Don't Say Gay bill. 8 00:00:28,720 --> 00:00:32,360 Speaker 1: Plus the January sixth Panel recommends holding two Trump aids 9 00:00:32,360 --> 00:00:36,760 Speaker 1: in contempt. Michael Barr more ahead, I'm time STASHEDWN sports. 10 00:00:36,800 --> 00:00:39,000 Speaker 1: The Knicks beat the polls at the Garden. The Yukon 11 00:00:39,159 --> 00:00:42,120 Speaker 1: Women won in double overtime to advance to the Final four. 12 00:00:44,120 --> 00:00:47,920 Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg 13 00:00:47,960 --> 00:00:53,040 Speaker 1: Eliving Trio, New York, Bloomberg one, Washington, d C, Bloomberg one, 14 00:00:53,080 --> 00:00:57,440 Speaker 1: O six one, Boston, Bloomberg nine six, San Francisco, Sirius 15 00:00:57,680 --> 00:01:00,280 Speaker 1: x M one nineteen and around the world. Old on 16 00:01:00,400 --> 00:01:07,880 Speaker 1: Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning, 17 00:01:07,880 --> 00:01:11,280 Speaker 1: I'm Nathan Hagar and I'm Karen. Moscow and US futures 18 00:01:11,319 --> 00:01:13,400 Speaker 1: are higher this morning. We're coming up to six o 19 00:01:13,520 --> 00:01:15,360 Speaker 1: one on Wall Street and we check the markets every 20 00:01:15,360 --> 00:01:18,399 Speaker 1: fifteen minutes. While the trading day on Bloomberg. Right now, 21 00:01:18,560 --> 00:01:21,240 Speaker 1: SNP futures are up about twenty points down. Futures have 22 00:01:21,280 --> 00:01:24,560 Speaker 1: a hundred forty four NASDACK futures up sixty nine. The 23 00:01:24,680 --> 00:01:27,640 Speaker 1: decks in Germany's at one point nine percent. Ten year 24 00:01:27,640 --> 00:01:31,080 Speaker 1: treasury down fifty and thirty seconds two point five one percent, 25 00:01:31,160 --> 00:01:33,000 Speaker 1: and they yield on the two year two point four 26 00:01:33,160 --> 00:01:35,959 Speaker 1: three percent. Nine X screwed oil is up three ten 27 00:01:36,080 --> 00:01:38,360 Speaker 1: percent or thirty one cents at a hundred six dollars 28 00:01:38,360 --> 00:01:41,119 Speaker 1: twenty seven cents a barrel, and the euro at one 29 00:01:41,160 --> 00:01:44,320 Speaker 1: point one zero three seven against the dollar. Nathan Karen, 30 00:01:44,400 --> 00:01:47,360 Speaker 1: we begin with the latest on the war in Eastern Europe. 31 00:01:47,480 --> 00:01:50,200 Speaker 1: Ukraine is looking for a ceasefire agreement and talks with 32 00:01:50,320 --> 00:01:53,360 Speaker 1: Russia negotiators. Today we get the very latest from Bloomberg 33 00:01:53,360 --> 00:01:58,000 Speaker 1: International Affairs reporter Mark Champion is exchanged for the ceasefire 34 00:01:58,360 --> 00:02:02,000 Speaker 1: is less clear. The sequencing would be quite difficult because 35 00:02:02,040 --> 00:02:04,920 Speaker 1: at the moment, what the Ukrainians are talking about is 36 00:02:05,120 --> 00:02:08,640 Speaker 1: they would agree to neutrality. In exchange from neutrality, there 37 00:02:08,680 --> 00:02:13,080 Speaker 1: would be security guarantees from other Western countries, similar to 38 00:02:13,480 --> 00:02:16,200 Speaker 1: NATO's Article five. You know, all that would have to 39 00:02:16,240 --> 00:02:18,520 Speaker 1: be agreed in a referendum that would take a year. 40 00:02:19,040 --> 00:02:22,600 Speaker 1: So how that all gets sequences extremely difficult to understand. 41 00:02:23,000 --> 00:02:25,760 Speaker 1: What would be the borders that were being guaranteed by 42 00:02:25,840 --> 00:02:28,560 Speaker 1: these guaranteurs in the West is difficult to understand at 43 00:02:28,600 --> 00:02:32,400 Speaker 1: that point. Bloomberg's Mark Champion reports talks are underway in Turkey. 44 00:02:32,520 --> 00:02:35,760 Speaker 1: President Urtwan is telling the Ukrainian and Russian delegations he 45 00:02:35,840 --> 00:02:39,760 Speaker 1: expects quote good news from the meeting. Meantime, Nathan Russian 46 00:02:39,880 --> 00:02:43,040 Speaker 1: appears to be making good on its dead Moscow says 47 00:02:43,120 --> 00:02:45,760 Speaker 1: it made a more than hundred million dollar interest payment 48 00:02:45,840 --> 00:02:48,840 Speaker 1: on its foreign bonds. Is by financial isolation in the 49 00:02:48,840 --> 00:02:51,560 Speaker 1: face of warnings from credit rating agencies. The government has 50 00:02:51,639 --> 00:02:54,320 Speaker 1: so far side step to default. Here in the U 51 00:02:54,400 --> 00:02:56,840 Speaker 1: s care and President Biden is clarifying his remarks on 52 00:02:56,919 --> 00:02:59,840 Speaker 1: Vladimir Putin, saying the US is not seeking to remove 53 00:02:59,840 --> 00:03:02,120 Speaker 1: the Russian president, but he does say he has the 54 00:03:02,200 --> 00:03:05,239 Speaker 1: right to express concern. Bloomberg said Baxter has the story 55 00:03:05,600 --> 00:03:08,919 Speaker 1: the President says he's not planning regime change in Russia, 56 00:03:09,000 --> 00:03:11,480 Speaker 1: but has the right to express his opinion. I was 57 00:03:11,520 --> 00:03:16,880 Speaker 1: expressing my outrage as the behavior this man. It's outrageous. 58 00:03:17,120 --> 00:03:21,760 Speaker 1: It's outrageous, and it's more an aspiration, and he shouldn't 59 00:03:21,760 --> 00:03:24,720 Speaker 1: be in power. There's no I mean, people like this 60 00:03:24,720 --> 00:03:27,960 Speaker 1: shouldn't be ruling countries. But they do. The fact they do, 61 00:03:28,000 --> 00:03:30,320 Speaker 1: but doesn't mean I can't express my outrage about it. 62 00:03:30,560 --> 00:03:33,120 Speaker 1: And NATO is having its debate about talking directly with 63 00:03:33,160 --> 00:03:35,960 Speaker 1: putin some countries, saying before any talks, there has to 64 00:03:36,000 --> 00:03:39,320 Speaker 1: be a ceasefire in Ukraine. In San Francisco, I'm at 65 00:03:39,320 --> 00:03:41,640 Speaker 1: Baxter Bloomberg Daybreak, All right, and thank you now. An 66 00:03:41,680 --> 00:03:44,600 Speaker 1: update on President Biden's agenda back home. The White House 67 00:03:44,680 --> 00:03:47,320 Speaker 1: is doubling down on efforts to overhaul the text Code. 68 00:03:47,360 --> 00:03:50,200 Speaker 1: It's looking to get more money from the wealthiest households 69 00:03:50,200 --> 00:03:53,560 Speaker 1: and largest companies. Amy Morris has details from our Bloomberg 70 00:03:54,320 --> 00:03:57,760 Speaker 1: newsroom in Washington. President Biden says his plan is designed 71 00:03:57,760 --> 00:03:59,720 Speaker 1: to ship away at the deficit run up by the 72 00:04:00,080 --> 00:04:05,119 Speaker 1: administration cut the depths to buy more than one trillion, 73 00:04:05,640 --> 00:04:08,800 Speaker 1: three hundred billion dollars that would be the largest one 74 00:04:08,880 --> 00:04:11,800 Speaker 1: year reduction and the deficit in US history. Part of 75 00:04:11,800 --> 00:04:13,960 Speaker 1: that would be funded through a minimum tax on mega 76 00:04:14,000 --> 00:04:17,800 Speaker 1: millionaires and billionaires, including on their unrealized gains, raising an 77 00:04:17,880 --> 00:04:21,240 Speaker 1: estimated three hundred sixty billion dollars over a decade from 78 00:04:21,360 --> 00:04:24,800 Speaker 1: roughly the wealthiest twenty thousand households in the country. But 79 00:04:24,880 --> 00:04:28,480 Speaker 1: it faces opposition in Congress, and not just from Republicans. 80 00:04:28,520 --> 00:04:31,360 Speaker 1: The billionaire tax is also a key false line between 81 00:04:31,400 --> 00:04:35,239 Speaker 1: moderate Democrats and progressives. White House advisors are now talking 82 00:04:35,240 --> 00:04:38,080 Speaker 1: with lallmakers about how to win support for the tax 83 00:04:38,160 --> 00:04:42,320 Speaker 1: proposal in Washington. I maybe more as Bloomberg Daybreak thanks Samy. Meantime, 84 00:04:42,320 --> 00:04:44,760 Speaker 1: the Senate's passed a measure to help US tech companies, 85 00:04:44,920 --> 00:04:47,320 Speaker 1: passing its version of a longstalled bill to help the 86 00:04:47,400 --> 00:04:51,200 Speaker 1: U semiconductor industry and boost competitiveness with China. That sets 87 00:04:51,200 --> 00:04:53,560 Speaker 1: the stage for negotiations with the House, which has already 88 00:04:53,560 --> 00:04:56,280 Speaker 1: passed its own version. The measure includes fifty seven or 89 00:04:56,279 --> 00:04:58,840 Speaker 1: fifty two billion dollars, I should say to boost chip 90 00:04:58,880 --> 00:05:01,760 Speaker 1: manufacturing and let's turn to the markets now. Nathan and 91 00:05:01,800 --> 00:05:05,119 Speaker 1: a few companies making headlines this morning. Bloombergs John Tucker 92 00:05:05,200 --> 00:05:07,520 Speaker 1: joins us Live with the latest. Good morning, John, Good 93 00:05:07,560 --> 00:05:10,080 Speaker 1: morning Karen. Let's start out with fed Ax, the package 94 00:05:10,080 --> 00:05:14,440 Speaker 1: shipping company named roj Subermanian as its new CEO. He 95 00:05:14,560 --> 00:05:17,360 Speaker 1: takes the reins from seventy seven year old founder Fred Smith, 96 00:05:17,520 --> 00:05:21,360 Speaker 1: who pioneered express delivery almost fifty years ago. Smith had 97 00:05:21,400 --> 00:05:23,440 Speaker 1: been in the midst of a campaign to overhaul the 98 00:05:23,480 --> 00:05:27,839 Speaker 1: company to stem declining profit margins. Meantime, Amazon has become 99 00:05:27,839 --> 00:05:30,880 Speaker 1: the first mega cap tech stock to erase losses for 100 00:05:30,920 --> 00:05:33,839 Speaker 1: the year. Shares are now one point four percent of 101 00:05:33,839 --> 00:05:36,880 Speaker 1: the year after having dropped more than eighteen percent earlier 102 00:05:36,920 --> 00:05:40,800 Speaker 1: this month. And finally, Apples Here's headed for their longest 103 00:05:40,880 --> 00:05:44,920 Speaker 1: winning streak since two thousand and three. After a dismal 104 00:05:44,960 --> 00:05:48,440 Speaker 1: start of the year, Apples seen earnings estimates upgraded by 105 00:05:48,480 --> 00:05:51,719 Speaker 1: analysts Live in New York. I'm John Tucker, Bloomberg Daybreak. 106 00:05:51,760 --> 00:05:54,360 Speaker 1: All right, John, Thanks. Also watching shares of Barclays this morning. 107 00:05:54,360 --> 00:05:56,640 Speaker 1: They're down more than three percent in London after a 108 00:05:56,680 --> 00:05:59,680 Speaker 1: shareholders sold about one point two billion dollars of stock. 109 00:06:00,000 --> 00:06:02,560 Speaker 1: The sale came a day after Barclays revealed a costly 110 00:06:02,600 --> 00:06:05,320 Speaker 1: blunder and how it sold billions of dollars in securities. 111 00:06:05,560 --> 00:06:09,160 Speaker 1: The identity of the Barkley seller was not disclosed. Meantime, 112 00:06:09,160 --> 00:06:12,200 Speaker 1: in Hong Kong, Nathan, the outlook for bankers is looking up. 113 00:06:12,279 --> 00:06:15,120 Speaker 1: The city hashing an exodus of finance staff, but those 114 00:06:15,200 --> 00:06:18,200 Speaker 1: that stayed are getting reward and Bloomberry's Ready to Young 115 00:06:18,279 --> 00:06:20,440 Speaker 1: joins us live with the details. Good morning, ready to down, 116 00:06:20,440 --> 00:06:23,120 Speaker 1: Good morning Karen. For tech savvy workers willing to live 117 00:06:23,160 --> 00:06:26,920 Speaker 1: in a city largely isolated from the world, opportunities like 118 00:06:27,000 --> 00:06:30,760 Speaker 1: big promotions and pay increases are plentiful, at least in 119 00:06:30,839 --> 00:06:33,800 Speaker 1: the short term now. Typically finance workers heading to a 120 00:06:33,839 --> 00:06:36,520 Speaker 1: different company in Hong Kong would get about a fifteen 121 00:06:36,600 --> 00:06:39,800 Speaker 1: percent pay hike, but executive search firm E s g 122 00:06:40,000 --> 00:06:45,640 Speaker 1: I says they're seeing twenty increases. Meantime, government data show 123 00:06:45,680 --> 00:06:48,880 Speaker 1: the number of new visas issued to foreign financial service 124 00:06:48,920 --> 00:06:52,880 Speaker 1: workers in Hong Kong fell last year, down almost fifty 125 00:06:52,920 --> 00:06:57,120 Speaker 1: percent from eighteen and that was before the Omicron variant 126 00:06:57,160 --> 00:07:00,720 Speaker 1: prompted more lockdowns. Live in New York, I'm rened a 127 00:07:00,800 --> 00:07:03,239 Speaker 1: young Bloomberg daybreak. All right, we need to thanks SMP 128 00:07:03,360 --> 00:07:06,200 Speaker 1: futures up eighteen points now, Dow Future is up a 129 00:07:06,240 --> 00:07:09,239 Speaker 1: hundred forty nastac Future is hired by sixty three points. 130 00:07:09,240 --> 00:07:11,880 Speaker 1: The tenure treasury yield two point five zero percent yield 131 00:07:11,920 --> 00:07:14,520 Speaker 1: on the two year right now two point four two percent. 132 00:07:14,840 --> 00:07:17,720 Speaker 1: Straight ahead, your latest local headlines and a check of sports. 133 00:07:17,840 --> 00:07:24,760 Speaker 1: This is Bloomberg six oh seven on Wall Street twenty 134 00:07:24,840 --> 00:07:27,800 Speaker 1: five degrees in Central Park and Jericho Turnpike is closed 135 00:07:27,840 --> 00:07:30,520 Speaker 1: both ways for an accident. Of daily road details coming 136 00:07:30,600 --> 00:07:33,200 Speaker 1: up in Traffic First Michael Barr with more on what's 137 00:07:33,240 --> 00:07:35,240 Speaker 1: going on in New York and around the world. Michael, 138 00:07:35,240 --> 00:07:37,560 Speaker 1: thank you very much, Nathan. New York City Mayor Eric 139 00:07:37,600 --> 00:07:42,320 Speaker 1: Adams is denouncing Florida's controversial Don't Say Gay bill. In 140 00:07:42,400 --> 00:07:45,000 Speaker 1: signing the bill, Florida govern Around De Santis says the 141 00:07:45,080 --> 00:07:50,320 Speaker 1: legislation forbids instruction on sexual orientation and gender identity in 142 00:07:50,440 --> 00:07:54,440 Speaker 1: kindergarten through third grade in Florida. We not only know 143 00:07:54,680 --> 00:07:57,480 Speaker 1: that parents have a right to be involved, uh, we 144 00:07:57,640 --> 00:08:01,760 Speaker 1: insist that parents have a right to be involved. Joe 145 00:08:01,920 --> 00:08:06,960 Speaker 1: Saunders with the lgbt Q advocacy group Equality Florida said 146 00:08:07,040 --> 00:08:10,480 Speaker 1: De Santis has set the state back decades. Governor de 147 00:08:10,560 --> 00:08:13,720 Speaker 1: Santis has damaged our state's reputation as a welcoming and 148 00:08:13,840 --> 00:08:16,280 Speaker 1: inclusive place for all families. He has made us a 149 00:08:16,400 --> 00:08:20,240 Speaker 1: laughing stock and a target of national derision. Worst, he 150 00:08:20,360 --> 00:08:24,840 Speaker 1: has made schools less safe for children. New York Mayor 151 00:08:24,880 --> 00:08:27,440 Speaker 1: Adams called the bill hateful and harmful of seeing on 152 00:08:27,560 --> 00:08:30,400 Speaker 1: social media. To the families living in fear of this 153 00:08:30,840 --> 00:08:34,680 Speaker 1: state sponsored discrimination, You're welcome in New York City. Our 154 00:08:34,880 --> 00:08:37,920 Speaker 1: arms and hearts are wide open. The House Committee voted 155 00:08:38,000 --> 00:08:42,199 Speaker 1: unanimously last night to recommend contempt citations against two of 156 00:08:42,320 --> 00:08:46,000 Speaker 1: former President Trump's White House advisors for defying subpoenas to 157 00:08:46,080 --> 00:08:49,240 Speaker 1: testify in the last year's riots at the US Capitol. 158 00:08:49,600 --> 00:08:52,840 Speaker 1: The panel name former aids Dance Cavino and Peter Navarro. 159 00:08:53,360 --> 00:08:56,640 Speaker 1: Congresswoman Liz Cheney, the top Republican on the Select committee, 160 00:08:56,840 --> 00:09:00,400 Speaker 1: said anyone who participated in the January sixth effort should 161 00:09:00,440 --> 00:09:04,439 Speaker 1: be held accountable. As a federal judge concluded today, the 162 00:09:04,600 --> 00:09:09,760 Speaker 1: illegality of President Trump's plan for January six was quote obvious. 163 00:09:10,920 --> 00:09:14,200 Speaker 1: Cheney was referring to US District Judge David Carter, writing, 164 00:09:14,240 --> 00:09:17,160 Speaker 1: the court finds it more likely than not that President 165 00:09:17,200 --> 00:09:20,640 Speaker 1: Trump corruptly attempted to obstruct the Joint Session of Congress. 166 00:09:20,679 --> 00:09:25,360 Speaker 1: On January se the founder of Citadel is giving forty 167 00:09:25,440 --> 00:09:27,959 Speaker 1: million dollars to New York City as American Museum of 168 00:09:28,080 --> 00:09:31,240 Speaker 1: Natural History. The donation is part of the three forty 169 00:09:31,280 --> 00:09:35,240 Speaker 1: million dollars ray so far for the Richard Guilders Science 170 00:09:35,640 --> 00:09:39,640 Speaker 1: and Education and Innovation Center, which is sent to open 171 00:09:39,760 --> 00:09:43,959 Speaker 1: some time between late two and early three. Actor Will 172 00:09:44,000 --> 00:09:46,920 Speaker 1: Smith apologized Chris Rock after he slapped the comedian at 173 00:09:46,920 --> 00:09:50,480 Speaker 1: the Oscars Sunday night. Meanwhile, the Academy Emotion, Pictures, Arts 174 00:09:50,480 --> 00:09:53,960 Speaker 1: and Sciences open a formal review of Smith's behavior. Global 175 00:09:54,000 --> 00:09:56,319 Speaker 1: News twenty four hours a day on air and on 176 00:09:56,400 --> 00:09:59,920 Speaker 1: Bloomberg Quickday, powered by more than twenty seven dred journalists 177 00:09:59,920 --> 00:10:03,440 Speaker 1: and analysts more than twenty countries. Michael Barr, this is Bloomberg, Nathan. 178 00:10:03,559 --> 00:10:10,320 Speaker 1: Thank you, Michael. Coming up to six ten on Wall Street. 179 00:10:10,360 --> 00:10:13,040 Speaker 1: Time for the Bloomberg Sports Update with John Seshi. Nathan. 180 00:10:13,120 --> 00:10:15,199 Speaker 1: Hard to make the NBA Playoffs when you win only 181 00:10:15,360 --> 00:10:17,800 Speaker 1: one game in the month of February like the Knicks day. 182 00:10:17,840 --> 00:10:19,760 Speaker 1: The Knicks are almost certainly not going to make it. 183 00:10:19,840 --> 00:10:22,040 Speaker 1: Their four and a half games behind, but they have 184 00:10:22,200 --> 00:10:23,679 Speaker 1: one four in a row, first time of all year. 185 00:10:23,720 --> 00:10:25,920 Speaker 1: They came from twelve down beat Chicago at the Garden 186 00:10:26,000 --> 00:10:27,959 Speaker 1: one on nine, one on four. R J Barrett twenty 187 00:10:28,000 --> 00:10:31,360 Speaker 1: eight points, Alec Birket seven. Mark de Rosen had thirty 188 00:10:31,440 --> 00:10:33,920 Speaker 1: seven for the Bulls. Nets home tonight for Detroit Rangers 189 00:10:33,960 --> 00:10:36,760 Speaker 1: are in Pittsburgh, n C Double A Women's Tournament double 190 00:10:36,840 --> 00:10:41,280 Speaker 1: overtime in Bridgeport, Yukon beat NC State to eighties seven 191 00:10:41,320 --> 00:10:43,760 Speaker 1: and I'll off to another Final four. Reaction from the 192 00:10:43,840 --> 00:10:46,920 Speaker 1: coach you know, Orima on the Star Flare Paige Becker's 193 00:10:47,120 --> 00:10:48,959 Speaker 1: it's one of the best games I've ever been part 194 00:10:49,040 --> 00:10:55,479 Speaker 1: of um since I've been at Yukon. Regular season, postseason, 195 00:10:55,600 --> 00:10:57,360 Speaker 1: doesn't really matter. It was just a lot of fun 196 00:10:57,440 --> 00:11:01,600 Speaker 1: to playing two very competitive team teams. Like CoA said, 197 00:11:01,720 --> 00:11:05,040 Speaker 1: just playing for our lives at that point in we 198 00:11:05,120 --> 00:11:07,000 Speaker 1: found a way to win, and we stuck together and 199 00:11:07,080 --> 00:11:10,880 Speaker 1: we stay composed. Yeah, I'm just it was a really 200 00:11:10,880 --> 00:11:14,480 Speaker 1: exciting game. For sure. You got twenty second Final four 201 00:11:14,559 --> 00:11:16,720 Speaker 1: under Orim. They've gone now fourteen years in a row. 202 00:11:16,800 --> 00:11:19,640 Speaker 1: The Jets have signed free agent defensive lineman Solomon Thomas, 203 00:11:19,760 --> 00:11:21,640 Speaker 1: once the third overall pick of the draft. He played 204 00:11:21,679 --> 00:11:24,000 Speaker 1: for Jets coach Roberts Salo and Salo coach the forty 205 00:11:24,040 --> 00:11:27,280 Speaker 1: Miners Defense Giants. GM Joe Shane says he has not 206 00:11:27,559 --> 00:11:31,480 Speaker 1: initiated any trade talks regarding se Kwon Barkley. NFL owners 207 00:11:31,520 --> 00:11:34,000 Speaker 1: are meeting. They are considered a change in the overtime 208 00:11:34,080 --> 00:11:36,160 Speaker 1: rule where both teams would be assured of a possession. 209 00:11:36,480 --> 00:11:38,959 Speaker 1: Baseball forty two year old future Hall of Famer Albert 210 00:11:39,000 --> 00:11:41,160 Speaker 1: Poole says this will be his final season and he 211 00:11:41,200 --> 00:11:43,679 Speaker 1: will spend it with the team he used to start for, 212 00:11:44,120 --> 00:11:47,760 Speaker 1: the St. Louis Cartons. John Stash Howard, Bloomberg's toys All right, John, 213 00:11:47,840 --> 00:11:50,720 Speaker 1: thank you. SMP futures up fifteen points now, the futures 214 00:11:50,760 --> 00:11:53,480 Speaker 1: up a hundred twenty six, intect futures up forty three points. 215 00:11:53,520 --> 00:11:56,200 Speaker 1: The tenure treasury is down eleven thirty seconds. The yield 216 00:11:56,240 --> 00:11:58,440 Speaker 1: two point five zero percent yield on the two year 217 00:11:58,880 --> 00:12:08,160 Speaker 1: two point four too. You're listening to Bloomberg Daybreak. Bloomberg 218 00:12:08,200 --> 00:12:10,880 Speaker 1: Daybreak brought to you by ancient accountants and advisors. Challenging 219 00:12:10,920 --> 00:12:14,080 Speaker 1: times call for proactive advisors who helped minimize taxes, increased 220 00:12:14,080 --> 00:12:16,840 Speaker 1: cash flow, and create opportunities for the future of your business. 221 00:12:17,000 --> 00:12:24,720 Speaker 1: Visit ancient dot com markets, headlines and breaking news twenty 222 00:12:24,760 --> 00:12:27,600 Speaker 1: four hours a day at Bloomberg dot Com, The Bloomberg 223 00:12:27,640 --> 00:12:32,080 Speaker 1: Business Atland at Bloomberg Quicktape, He's a Bloomberg business lash 224 00:12:38,200 --> 00:12:41,280 Speaker 1: and I'm Karen Moscow stocks on the rise as ceasefire 225 00:12:41,360 --> 00:12:44,719 Speaker 1: talks between Russia and Ukraine helped to fuel risk appetite. 226 00:12:44,840 --> 00:12:48,240 Speaker 1: US stock index futures are climbing after benchmarks rose for 227 00:12:48,360 --> 00:12:51,319 Speaker 1: a third session yesterday, and we checked the markets every 228 00:12:51,360 --> 00:12:54,000 Speaker 1: fifteen minutes throughout the trading day. On Bloomberg, Guess and 229 00:12:54,040 --> 00:12:57,719 Speaker 1: P futures up seventeen points down, futures up one four 230 00:12:57,800 --> 00:13:01,000 Speaker 1: NASDACK futures up fifty three the DACK in Germany up 231 00:13:01,040 --> 00:13:03,160 Speaker 1: one point nine per cent. The tend Your Treasury down 232 00:13:03,200 --> 00:13:06,199 Speaker 1: eleven thirty seconds, yield two point four nine percent. That 233 00:13:06,320 --> 00:13:08,960 Speaker 1: yield on the two year two point four one percent 234 00:13:09,440 --> 00:13:11,680 Speaker 1: nine Max screwed Oi l A is up seven ten percent, 235 00:13:11,840 --> 00:13:14,120 Speaker 1: or seventy four cents at a hundred six dollars seventy 236 00:13:14,160 --> 00:13:16,600 Speaker 1: cents of barrel Co Max School down one point three 237 00:13:16,640 --> 00:13:20,000 Speaker 1: percent or twenty five dollars at nineteen nineteen seventy announced, 238 00:13:20,320 --> 00:13:22,960 Speaker 1: the euro one point one zero four one against the dollar, 239 00:13:23,040 --> 00:13:25,400 Speaker 1: British pound one point three zero nine to the yen 240 00:13:25,480 --> 00:13:28,679 Speaker 1: at one twenty three point four eight and Bitcoin this 241 00:13:28,960 --> 00:13:32,960 Speaker 1: morning lower down nine tenths percent at forty seven thousand, 242 00:13:33,040 --> 00:13:36,160 Speaker 1: five hundred twenty five dollars. That's at Bloomberg Business Flash. 243 00:13:36,240 --> 00:13:38,360 Speaker 1: Now here's Michael Barr with more on what's going on 244 00:13:38,440 --> 00:13:41,080 Speaker 1: around the world. Michael Karen, thank you very much. More 245 00:13:41,160 --> 00:13:43,920 Speaker 1: than a month after Russia invaded Ukraine, the two nations 246 00:13:44,000 --> 00:13:48,360 Speaker 1: resumed negotiations towards a ceasefire today. The sit down will 247 00:13:48,440 --> 00:13:50,800 Speaker 1: take place over three days in this in bull Turkey. 248 00:13:51,320 --> 00:13:55,520 Speaker 1: Ukrainian President Voladimir Zelenski says this country would consider a 249 00:13:55,559 --> 00:13:59,920 Speaker 1: neutrality agreement to achieve piece shangha I beef up lockdown 250 00:14:00,080 --> 00:14:03,920 Speaker 1: restrictions for people residing in the eastern half of the city, 251 00:14:04,320 --> 00:14:07,440 Speaker 1: barring everyone from leaving their homes even to walk their dogs. 252 00:14:08,040 --> 00:14:11,600 Speaker 1: Record local daily COVID nineteen infections jump today to close 253 00:14:11,640 --> 00:14:14,240 Speaker 1: to forty eight hundred. In the NBA. Of the next one, 254 00:14:14,320 --> 00:14:17,719 Speaker 1: the Celtics and Warriors lost, Yukon is heading back to 255 00:14:17,760 --> 00:14:20,360 Speaker 1: the Women's NZ Double A final four for the fourteenth 256 00:14:20,400 --> 00:14:24,520 Speaker 1: straight time. The Huskies beat North Carolina State and double overtime. 257 00:14:24,920 --> 00:14:28,360 Speaker 1: Yukon will face Stanford. Louisville is also in because they'll 258 00:14:28,400 --> 00:14:32,360 Speaker 1: face South Carolina in the NHL. The Capital's Lost. Global 259 00:14:32,440 --> 00:14:34,880 Speaker 1: News twenty four hours a day on air and on 260 00:14:34,960 --> 00:14:38,520 Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalist 261 00:14:38,560 --> 00:14:41,320 Speaker 1: and analysts more than a hundred twenty countries. Michael Barrn, 262 00:14:41,400 --> 00:14:44,280 Speaker 1: This is Bloomberg, Nathan. Thanks Michael, six nineteen on Wall 263 00:14:44,320 --> 00:14:47,080 Speaker 1: Street Line from the Bloomberg Attractive Bokers Studios. This is 264 00:14:47,160 --> 00:14:51,040 Speaker 1: Bloomberg Daybreak and Bloomberg News Executive Editor for International Government. 265 00:14:51,200 --> 00:14:54,360 Speaker 1: Roslyn Matheson is with us as we continue to watch 266 00:14:54,560 --> 00:14:58,720 Speaker 1: these talks underway in Turkey between Ukraine and Russia. Ros 267 00:14:58,760 --> 00:15:03,080 Speaker 1: good morning. As we heard from Michael, Ukrainian President Zelinski 268 00:15:03,240 --> 00:15:06,520 Speaker 1: is saying he is open to neutrality. Is that a 269 00:15:06,640 --> 00:15:10,440 Speaker 1: sign of a concession as we head into these times? Well, 270 00:15:10,520 --> 00:15:13,520 Speaker 1: that's actually something he's been saying all along, is that 271 00:15:13,680 --> 00:15:16,600 Speaker 1: he's open to discussing a lot of things in order 272 00:15:16,640 --> 00:15:19,040 Speaker 1: to get a cease far and then possibly more permanent 273 00:15:19,560 --> 00:15:23,080 Speaker 1: peace agreement. But neutrality for Ukraine comes with caveats, and 274 00:15:23,200 --> 00:15:27,320 Speaker 1: those are some pretty significant ones, which include security guarantees 275 00:15:27,360 --> 00:15:31,080 Speaker 1: that they say must come from European countries, from NATO 276 00:15:31,200 --> 00:15:34,760 Speaker 1: members Turkey, the US and others in order for it 277 00:15:34,880 --> 00:15:38,120 Speaker 1: to feel safe enough to say it can declare itself neutral. 278 00:15:38,320 --> 00:15:42,360 Speaker 1: Mutual probably means confirming what everyone knows already and that 279 00:15:42,560 --> 00:15:46,000 Speaker 1: Ukraine will not join NATO for the foreseeable future for 280 00:15:46,080 --> 00:15:49,120 Speaker 1: many years, if at all, and that can allow it 281 00:15:49,240 --> 00:15:51,440 Speaker 1: to say, in theory it's neutral. But in order to 282 00:15:51,520 --> 00:15:53,800 Speaker 1: do that, it also does need some kind of support 283 00:15:54,360 --> 00:15:56,920 Speaker 1: from the West, and that's where we get into tricky 284 00:15:57,000 --> 00:16:00,280 Speaker 1: ground again about what security guarantees might be possible, what 285 00:16:00,400 --> 00:16:03,000 Speaker 1: other countries would be willing to sign, if anything, in 286 00:16:03,200 --> 00:16:06,560 Speaker 1: order to make Ukraine feel comfortable in that scenario. So 287 00:16:06,680 --> 00:16:10,440 Speaker 1: we're quite a way still, potentially from getting that bigger deal. 288 00:16:10,640 --> 00:16:14,000 Speaker 1: There is the possibility in Turkey today tomorrow that we 289 00:16:14,160 --> 00:16:16,200 Speaker 1: might get the outlines of what would be a forty 290 00:16:16,240 --> 00:16:18,760 Speaker 1: eight hour ceasefire that just that these brings a pause 291 00:16:19,280 --> 00:16:21,800 Speaker 1: in the fighting, that allows more people to leave some 292 00:16:21,960 --> 00:16:25,040 Speaker 1: of the worst areas that have been hit by the conflict, 293 00:16:25,120 --> 00:16:28,120 Speaker 1: and perhaps some breathing space to allow conversation towards that 294 00:16:28,200 --> 00:16:30,960 Speaker 1: broader deal. If we do get that ceasefire, does that 295 00:16:31,040 --> 00:16:35,000 Speaker 1: bring in the possibility that we get more discussions among 296 00:16:35,400 --> 00:16:38,360 Speaker 1: NATO members when it comes to some of these asks 297 00:16:38,560 --> 00:16:42,320 Speaker 1: that Zelinski is looking for, like security guarantees, And I 298 00:16:42,400 --> 00:16:45,800 Speaker 1: guess the bigger question is what kind of security guarantees 299 00:16:45,880 --> 00:16:48,880 Speaker 1: could need to agree to when you have so many 300 00:16:49,080 --> 00:16:51,840 Speaker 1: different leaders of so many different countries with their own 301 00:16:51,880 --> 00:16:55,360 Speaker 1: ideas heading into this. Well, that's right, and as our 302 00:16:55,400 --> 00:16:57,800 Speaker 1: reporting has been showing over the last week, there are 303 00:16:57,920 --> 00:17:02,240 Speaker 1: quite the spell of divergence within NATURE members, particularly in Europe, 304 00:17:02,240 --> 00:17:05,440 Speaker 1: between Western Europe, Eastern Europe and some one about exactly 305 00:17:05,480 --> 00:17:09,399 Speaker 1: how to tackle those really big questions. Because some leaders 306 00:17:09,440 --> 00:17:11,600 Speaker 1: would say, let's just get a cease far, get the 307 00:17:11,680 --> 00:17:14,000 Speaker 1: fighting to stop, then let's think about the rest of it. 308 00:17:14,520 --> 00:17:17,320 Speaker 1: The most important priority is that others are saying it 309 00:17:17,400 --> 00:17:19,920 Speaker 1: has to all happen at the same time. But of 310 00:17:20,000 --> 00:17:23,040 Speaker 1: course you're putting together potentially very complicated piece. Still they 311 00:17:23,080 --> 00:17:26,040 Speaker 1: could have lasting ramifications, so if you don't get it 312 00:17:26,160 --> 00:17:29,960 Speaker 1: right from the outset, this would cause problems for years 313 00:17:30,040 --> 00:17:32,800 Speaker 1: from now. So these countries are saying, hang on, let's 314 00:17:32,840 --> 00:17:34,680 Speaker 1: not rush any of this because if we have to 315 00:17:34,720 --> 00:17:37,520 Speaker 1: give guarantees, what do they look like. Um, it's very 316 00:17:37,640 --> 00:17:41,000 Speaker 1: clear that NATO members have said they will not put 317 00:17:41,080 --> 00:17:44,119 Speaker 1: troops into Ukraine in this existing conflict or commit to 318 00:17:44,200 --> 00:17:47,400 Speaker 1: doing so in a future conflict. So what does security 319 00:17:47,440 --> 00:17:50,119 Speaker 1: guarantees mean anyway? Does it mean sending certain types of 320 00:17:50,240 --> 00:17:53,840 Speaker 1: weaponry into Ukraine to support it if it has to 321 00:17:53,920 --> 00:17:57,240 Speaker 1: have a further conflict with Russia somewhere on its terrain? 322 00:17:57,640 --> 00:17:59,760 Speaker 1: What else does it look like? That's really up in 323 00:17:59,840 --> 00:18:02,840 Speaker 1: the air at this stage. I've seen reports that Russian 324 00:18:02,880 --> 00:18:07,440 Speaker 1: billionaire Roman Abramovich is taking part in these talks in Istanbul. 325 00:18:07,680 --> 00:18:12,800 Speaker 1: If we confirmed that, and how could that affect the negotiations. Well, 326 00:18:12,840 --> 00:18:14,400 Speaker 1: he seems to be playing a bit of a self 327 00:18:14,480 --> 00:18:18,000 Speaker 1: styled role as a mediator. UM. He has held talks 328 00:18:18,160 --> 00:18:21,760 Speaker 1: in Ukraine itself earlier in the month. UM, and he's 329 00:18:21,800 --> 00:18:25,080 Speaker 1: in Turkey now. He's not part of the official delegation 330 00:18:25,160 --> 00:18:27,080 Speaker 1: so it's not sitting on the talks that are occurring 331 00:18:27,520 --> 00:18:30,200 Speaker 1: this morning, but he's certainly in the vicinity and trying 332 00:18:30,240 --> 00:18:33,680 Speaker 1: to facilitate its scenes in whatever way he can. And 333 00:18:33,760 --> 00:18:36,240 Speaker 1: he met, of course with the Turkish president this morning 334 00:18:36,440 --> 00:18:39,280 Speaker 1: before those official talks began, so he seems to be 335 00:18:39,480 --> 00:18:42,440 Speaker 1: at someone who's on the sidelines, trying to help navigate 336 00:18:42,840 --> 00:18:45,000 Speaker 1: if he can. He does, of course have his own 337 00:18:45,040 --> 00:18:48,119 Speaker 1: contacts in Ukraine and perhaps can smooth the way a 338 00:18:48,240 --> 00:18:51,560 Speaker 1: bit um, and he probably has an incentive potentially to 339 00:18:51,680 --> 00:18:53,640 Speaker 1: get back in the good books a bit with countries 340 00:18:53,680 --> 00:18:56,440 Speaker 1: like the UK and the US. He's been sanctioned as 341 00:18:56,520 --> 00:18:59,000 Speaker 1: part of this. Of course, his Chelsea football club he's 342 00:18:59,000 --> 00:19:01,920 Speaker 1: had to give up as well, so perhaps theres a 343 00:19:02,000 --> 00:19:05,280 Speaker 1: motivation for him to show that he's doing something here, 344 00:19:05,400 --> 00:19:08,800 Speaker 1: perhaps to to redeem himself and his business with the 345 00:19:08,840 --> 00:19:11,359 Speaker 1: West well. As we mentioned, we expect these talks to 346 00:19:11,440 --> 00:19:14,399 Speaker 1: continue into tomorrow, perhaps even into a day after that. 347 00:19:14,520 --> 00:19:18,120 Speaker 1: Will continue monitoring them. Bloomberg's Rosalind Matheson, our executive editor 348 00:19:18,200 --> 00:19:21,159 Speaker 1: for International Government. As always, thanks for keeping us up 349 00:19:21,200 --> 00:19:23,680 Speaker 1: to speed on what's been happening so far in a Stanbul. 350 00:19:23,960 --> 00:19:26,280 Speaker 1: Looking ahead to the market open on Wall Street, futures 351 00:19:26,320 --> 00:19:29,119 Speaker 1: are higher, SMP futures are up eighteen points, down futures 352 00:19:29,200 --> 00:19:32,480 Speaker 1: up forty two, NASTAC futures on the rise by forty 353 00:19:32,560 --> 00:19:35,800 Speaker 1: nine points. The tenure treasury is down thirteen thirty seconds, 354 00:19:36,160 --> 00:19:38,480 Speaker 1: the yield two point five zero percent. The yield on 355 00:19:38,520 --> 00:19:41,280 Speaker 1: the two year right now two point four two percent. 356 00:19:41,400 --> 00:19:44,199 Speaker 1: That's a spread of eight basis points. Name x screws 357 00:19:44,240 --> 00:19:46,480 Speaker 1: up nine percent, ninety six cents at a hundred six 358 00:19:46,560 --> 00:19:50,159 Speaker 1: dollars cents of baril comes Gold down one point four percent, 359 00:19:50,520 --> 00:19:53,560 Speaker 1: down twenty six dollars seventy cents a N eighteen even 360 00:19:53,600 --> 00:19:57,639 Speaker 1: announced straight ahead. President Biden expresses outrage at Vladimir Putin 361 00:19:57,680 --> 00:20:00,719 Speaker 1: and megacap Tech makes a comeback. Five things you need 362 00:20:00,760 --> 00:20:07,879 Speaker 1: to start your day straight ahead on Bloomberg Game Bloomberg 363 00:20:07,920 --> 00:20:09,760 Speaker 1: Jay Break brought you by the Jewish Communal Fund j 364 00:20:09,840 --> 00:20:11,920 Speaker 1: c f's donor Advised Fund is the smart choice to 365 00:20:11,960 --> 00:20:14,760 Speaker 1: manage your philanthropy, especially in times of crisis. Make your 366 00:20:14,800 --> 00:20:18,280 Speaker 1: giving impactful. Visit j c F n Y dot org. 367 00:20:22,080 --> 00:20:26,560 Speaker 1: Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 368 00:20:26,720 --> 00:20:31,359 Speaker 1: Bloomberg E Living Free to Washington, d C, Bloomberg to Boston, 369 00:20:31,480 --> 00:20:34,720 Speaker 1: Bloomberg one O six one to San Francisco, Bloomberg N 370 00:20:34,960 --> 00:20:38,080 Speaker 1: sixteen to the country, Sirius XM to the Oneline team 371 00:20:38,200 --> 00:20:41,320 Speaker 1: and around the globe. The Bloomberg Business app in Bloomberg 372 00:20:41,440 --> 00:20:50,800 Speaker 1: Radio dot Com. This is Bloomberg Daybreak six thirty on 373 00:20:50,880 --> 00:20:53,920 Speaker 1: Wall Street. Good morning. I'm Nathan Hager and I'm Karen Moscow, 374 00:20:54,080 --> 00:20:56,280 Speaker 1: and we're just about three hours away from the open 375 00:20:56,359 --> 00:20:58,560 Speaker 1: of US trading. Time for the five things you need 376 00:20:58,640 --> 00:21:01,359 Speaker 1: to notice start your day out to you buy interactive 377 00:21:01,400 --> 00:21:05,160 Speaker 1: brokers Up first, Ukraine is looking for a ceasefire agreement 378 00:21:05,240 --> 00:21:08,080 Speaker 1: and talks to the Russian negotiators. They're meeting right now 379 00:21:08,160 --> 00:21:10,840 Speaker 1: in Turkey, where President here to Wan says he expects 380 00:21:10,920 --> 00:21:14,199 Speaker 1: quote good news from the peace talks meantime, Karen, President 381 00:21:14,280 --> 00:21:17,320 Speaker 1: Biden is clarifying his remarks on Vladimir Putin. He says 382 00:21:17,400 --> 00:21:20,200 Speaker 1: the US is not seeking regime change in Russia, but 383 00:21:20,320 --> 00:21:22,879 Speaker 1: that he still has the right to express concern. I 384 00:21:23,000 --> 00:21:25,960 Speaker 1: was expressing my outrage at the behavior of this man. 385 00:21:27,040 --> 00:21:32,520 Speaker 1: It's outrageous. It's outrageous, and it's more an aspiration, and 386 00:21:32,840 --> 00:21:35,920 Speaker 1: he shouldn't be in power. There's no I mean, people 387 00:21:36,040 --> 00:21:38,920 Speaker 1: like this shouldn't be ruling countries, but they do. The 388 00:21:39,000 --> 00:21:40,800 Speaker 1: fact they do, but don me and I can't express 389 00:21:40,880 --> 00:21:44,280 Speaker 1: my outrage. President Biden is rejecting criticism that his comments 390 00:21:44,440 --> 00:21:48,480 Speaker 1: escalated the situation with Russia. Meantime, Nathan, the President's budget 391 00:21:48,600 --> 00:21:51,560 Speaker 1: is also in focus. He's renewing efforts to sUAS more 392 00:21:51,680 --> 00:21:54,840 Speaker 1: tax revenue from big companies and wealthy households. His new 393 00:21:54,920 --> 00:21:58,240 Speaker 1: budget calls for two point five trillion dollars in tax hikes. 394 00:21:58,400 --> 00:22:01,160 Speaker 1: Turning to markets, now, we have several companies making headlines 395 00:22:01,240 --> 00:22:03,919 Speaker 1: this morning. Let's see at the details live with Bloomberg's 396 00:22:03,960 --> 00:22:06,240 Speaker 1: John Tucker, John Nathan. Let's starting with the change of 397 00:22:06,320 --> 00:22:08,879 Speaker 1: the top at fed X, the package delivery company is 398 00:22:08,960 --> 00:22:12,760 Speaker 1: named Rod Subramanian as its new CEO. He takes over 399 00:22:12,920 --> 00:22:16,840 Speaker 1: from founder Fred Smith, who pioneered express delivery almost fifty 400 00:22:16,920 --> 00:22:20,399 Speaker 1: years ago. Up next, let's talk Amazon. It's become the 401 00:22:20,440 --> 00:22:24,159 Speaker 1: first megacap text doctor raise losses for the year. Shares 402 00:22:24,200 --> 00:22:27,119 Speaker 1: are now up one point four percent since January one. 403 00:22:27,640 --> 00:22:30,080 Speaker 1: And finally, Apples here is heading for their longest winning 404 00:22:30,119 --> 00:22:33,200 Speaker 1: streaks since two thousand three. After a dismal start of 405 00:22:33,240 --> 00:22:36,960 Speaker 1: the year, Apple has seen earnings estimates upgraded by analysts. 406 00:22:37,280 --> 00:22:40,160 Speaker 1: Lie to New York. I'm John Tucker, Bloomberg. Daybreak right, John, 407 00:22:40,200 --> 00:22:42,359 Speaker 1: Thank you. Returned to Hong Kong now, where the outlook 408 00:22:42,400 --> 00:22:44,679 Speaker 1: for bankers is looking up. The city has seen an 409 00:22:44,720 --> 00:22:48,400 Speaker 1: exodus of finance staff, but those that state are getting rewarded. 410 00:22:48,640 --> 00:22:50,960 Speaker 1: Bloomberg's Rindy to Young joins us live at the details, 411 00:22:51,040 --> 00:22:53,359 Speaker 1: good morning Rady to good morning Karen. For tech savvy 412 00:22:53,440 --> 00:22:57,560 Speaker 1: workers willing to live in the somewhat isolated city, opportunities 413 00:22:57,600 --> 00:23:01,480 Speaker 1: like big promotions and pay increases are plentiful, at least 414 00:23:01,640 --> 00:23:04,480 Speaker 1: in the short term. That typically finance workers heading to 415 00:23:04,520 --> 00:23:07,440 Speaker 1: a different company in Hong Kong would get about fiftent 416 00:23:07,600 --> 00:23:10,560 Speaker 1: pay hike, but executive search firm E s g I 417 00:23:10,680 --> 00:23:14,960 Speaker 1: says they're seeing twenty increases. Data show the number of 418 00:23:15,040 --> 00:23:18,560 Speaker 1: new visas issued to foreign financial service workers in Hong 419 00:23:18,640 --> 00:23:23,440 Speaker 1: Kong is down almost fifty from Live in New York, 420 00:23:23,600 --> 00:23:25,920 Speaker 1: I'm rened a young Bloomberg daybreak. Al Right, re need 421 00:23:25,960 --> 00:23:27,600 Speaker 1: to thank you. And that's the five things you need 422 00:23:27,680 --> 00:23:30,080 Speaker 1: to notice start your day and straight ahead your latest 423 00:23:30,119 --> 00:23:34,320 Speaker 1: local headlines, plus a check of sports. And this is Bloomberg. 424 00:23:38,359 --> 00:23:40,440 Speaker 1: Thanks caring at six thirty three on Wall Street, twenty 425 00:23:40,480 --> 00:23:42,800 Speaker 1: five degrees in Central Parker's starting to see the lace 426 00:23:42,800 --> 00:23:44,520 Speaker 1: build up on the bridges and tunnels. Now we'll get 427 00:23:44,520 --> 00:23:46,600 Speaker 1: the details in traffic in a few minutes. First, Michael 428 00:23:46,600 --> 00:23:48,440 Speaker 1: Barr has more right now on what's going on in 429 00:23:48,480 --> 00:23:51,240 Speaker 1: New York and around the world. Michael, thank you very much. Nathan. 430 00:23:51,280 --> 00:23:54,240 Speaker 1: New York City Mayor Eric Adams is criticizing Florida's so 431 00:23:54,440 --> 00:23:58,159 Speaker 1: called Don't Say Game bill. Florida Governor Around de Santis 432 00:23:58,200 --> 00:24:01,480 Speaker 1: signed to build that limits instruction about gender identity and 433 00:24:01,720 --> 00:24:05,960 Speaker 1: sexual orientation in kindergarten through third grade in Florida. We 434 00:24:06,119 --> 00:24:08,920 Speaker 1: will make sure that parents can send their kids to 435 00:24:09,040 --> 00:24:16,280 Speaker 1: school to get an education, not an indoctrination. Critics say 436 00:24:16,320 --> 00:24:20,760 Speaker 1: it will further marginalize those in the LGBTQ community. Mayor 437 00:24:20,800 --> 00:24:23,359 Speaker 1: Adams called the bill hateful and harmful, saying to the 438 00:24:23,400 --> 00:24:27,000 Speaker 1: families living in fear of this state sponsored discrimination, you 439 00:24:27,119 --> 00:24:29,840 Speaker 1: are welcome in New York City. Our arms and hearts 440 00:24:29,880 --> 00:24:33,160 Speaker 1: are wide open. Uber and lift drivers in New York 441 00:24:33,200 --> 00:24:36,960 Speaker 1: City planned a caravan today from Brooklyn to Uber's headquarters 442 00:24:37,040 --> 00:24:40,320 Speaker 1: in Manhattan to demand better pay and other benefits, including 443 00:24:40,400 --> 00:24:44,679 Speaker 1: bolstering health and safety and transparency and driver to the activation. 444 00:24:45,160 --> 00:24:48,800 Speaker 1: Drivers say with rising gas prices, it is getting harder 445 00:24:48,880 --> 00:24:51,960 Speaker 1: to make a profit. The House committee investigating last year's 446 00:24:52,000 --> 00:24:55,520 Speaker 1: attack on the US Capitol has voted unanimously to hold 447 00:24:55,560 --> 00:24:59,080 Speaker 1: two aids to former President Donald Trump in contempt of 448 00:24:59,200 --> 00:25:04,080 Speaker 1: Congress Trade Advisor Peter Navarro and Communications aid Dan Skavino, 449 00:25:04,200 --> 00:25:07,680 Speaker 1: and refused for months to comply with subpoenas it comes. 450 00:25:07,760 --> 00:25:11,359 Speaker 1: As US District Judge David Carter ruled, the court finds 451 00:25:11,520 --> 00:25:15,320 Speaker 1: it more likely than not that President Trump corruptly attempted 452 00:25:15,359 --> 00:25:19,359 Speaker 1: to obstruct the Joint Session of Congress. On January one, 453 00:25:19,800 --> 00:25:23,159 Speaker 1: during the contempt hearing, Committee chair Benny Thompson said the 454 00:25:23,240 --> 00:25:25,360 Speaker 1: judge's ruling as a victory for the rule of law. 455 00:25:25,880 --> 00:25:29,720 Speaker 1: I encourage people at home to read what Judge Carter 456 00:25:29,920 --> 00:25:34,959 Speaker 1: wrote and consider his words very carefully. His warnings about 457 00:25:35,160 --> 00:25:40,159 Speaker 1: the ongoing threat to American democracy shield alarm every person 458 00:25:40,480 --> 00:25:43,320 Speaker 1: in this country. The panel's resolution now goes to the 459 00:25:43,359 --> 00:25:46,280 Speaker 1: House approval. There would then send the charges to the 460 00:25:46,359 --> 00:25:49,720 Speaker 1: Justice Department. There has been an apology after Will Smith 461 00:25:49,800 --> 00:25:53,359 Speaker 1: slapped Chris Rock at the Academy Awards Sunday. Smith says 462 00:25:53,400 --> 00:25:57,040 Speaker 1: his behavior was unacceptable and inexcusable and he was wrong. 463 00:25:57,440 --> 00:26:00,280 Speaker 1: Smith on Instagram said the joke about his wife's medical 464 00:26:00,320 --> 00:26:02,400 Speaker 1: condition was, in his words, too much for me to Bear. 465 00:26:02,880 --> 00:26:06,400 Speaker 1: He then issued a personal apology to rock Smith could 466 00:26:06,480 --> 00:26:10,480 Speaker 1: face disciplinary action by the Motion Picture Academy. Global News 467 00:26:10,520 --> 00:26:13,200 Speaker 1: twenty four hours a day on air and on Bloomberg 468 00:26:13,280 --> 00:26:16,320 Speaker 1: Quick Take, powered by more than twenty seven hundred journalists 469 00:26:16,320 --> 00:26:19,000 Speaker 1: and analysts more than a hundred twenty countries. Michael Barr, 470 00:26:19,080 --> 00:26:26,479 Speaker 1: this is Bloomberg, Nathan, thanks Michael. Almost six thirty six 471 00:26:26,560 --> 00:26:28,720 Speaker 1: on All Street Time for the Bloomberg Sports Update with 472 00:26:28,840 --> 00:26:31,879 Speaker 1: John Stash Allen. Alright, Natan the next playoff. Holks remains 473 00:26:32,000 --> 00:26:34,840 Speaker 1: slim the damage done with that mid season stretch where 474 00:26:34,840 --> 00:26:37,200 Speaker 1: they lost seventeen out of twenty, but their credit, Nick's 475 00:26:37,280 --> 00:26:38,960 Speaker 1: not going down without a fight. Just had a three 476 00:26:39,000 --> 00:26:41,520 Speaker 1: and oh road trip, came home, came from twelve down 477 00:26:41,600 --> 00:26:44,040 Speaker 1: beat Chicago one oh nine, one oh four. R J 478 00:26:44,160 --> 00:26:47,800 Speaker 1: Barrett point, we fight, so that's it's not an option 479 00:26:47,880 --> 00:26:50,920 Speaker 1: for us. We're fighting no matter what. We're a very 480 00:26:50,960 --> 00:26:54,600 Speaker 1: good team and uh, you know, we've we've been disappointed 481 00:26:54,640 --> 00:26:57,239 Speaker 1: with how we started the season, but we're a very 482 00:26:57,280 --> 00:26:59,240 Speaker 1: good team. But we're pulling out these wins and we're 483 00:26:59,240 --> 00:27:01,719 Speaker 1: scratching in claw and play very well. Alec Burks at 484 00:27:01,720 --> 00:27:04,200 Speaker 1: a twenty seven second straight game where Burke's hit the 485 00:27:04,240 --> 00:27:06,119 Speaker 1: big three down the stretch of the night where Julius 486 00:27:06,200 --> 00:27:09,399 Speaker 1: Randall only made one shot, his backup Obi Toppin scorched 487 00:27:09,440 --> 00:27:13,159 Speaker 1: seventeen points. Slumping Warriors missing the injured Steph Curry got 488 00:27:13,160 --> 00:27:15,400 Speaker 1: blown out in Memphis Golden States last six and seven. 489 00:27:15,440 --> 00:27:18,000 Speaker 1: The n C Double A Women's Final four will have 490 00:27:18,240 --> 00:27:22,040 Speaker 1: three one seed Stanford, South Carolina and Louisville, plus Yukon, 491 00:27:22,119 --> 00:27:25,120 Speaker 1: who had a down season by their standards with five losses, 492 00:27:25,200 --> 00:27:27,560 Speaker 1: but the second seed a Husky's be top seed NC 493 00:27:27,720 --> 00:27:31,000 Speaker 1: State in double overtime, first regional final ever to go 494 00:27:31,160 --> 00:27:34,960 Speaker 1: two overtimes, and now Yukon, off to a fourteenth final 495 00:27:35,080 --> 00:27:37,760 Speaker 1: four in a row, had a big home court advantage, 496 00:27:37,800 --> 00:27:40,720 Speaker 1: had to play the game in Bridgeport. NFL owners meeting 497 00:27:40,800 --> 00:27:44,440 Speaker 1: in Florida, facing criticism for lack of minority head coaches, 498 00:27:44,440 --> 00:27:47,760 Speaker 1: announcing a change in hiring practices and so often teams 499 00:27:48,000 --> 00:27:51,200 Speaker 1: look to hire coaches whose background is on offense. Every 500 00:27:51,280 --> 00:27:53,639 Speaker 1: team now has to have a minority on its staff 501 00:27:53,720 --> 00:27:56,399 Speaker 1: that works with the offense on The Rooney rule that 502 00:27:56,520 --> 00:27:59,920 Speaker 1: demand's interviews with minority candidates has been expanded to include 503 00:28:00,320 --> 00:28:04,080 Speaker 1: female candidates. John catually were Bloomberg sports an All right, John, 504 00:28:04,119 --> 00:28:06,120 Speaker 1: thanks six thirty seven on Wall Street. Time to take 505 00:28:06,119 --> 00:28:07,760 Speaker 1: a look at stock some of the names moving in 506 00:28:07,800 --> 00:28:10,680 Speaker 1: the pre market. Bloomberg's Laura right is with us now 507 00:28:10,880 --> 00:28:15,800 Speaker 1: for a look at the pre market update. Lauras stock 508 00:28:16,000 --> 00:28:19,120 Speaker 1: split will do for a company's evaluation. Of course, we're 509 00:28:19,119 --> 00:28:23,359 Speaker 1: talking now about Tesla. We are Tesla up two in 510 00:28:23,400 --> 00:28:27,000 Speaker 1: the pre market, positive reverberations from that stock split announcement 511 00:28:27,080 --> 00:28:30,240 Speaker 1: via Twitter twenty four hours ago. But we discussed yesterday 512 00:28:30,320 --> 00:28:33,879 Speaker 1: on this program. Tesla added eighty four billion dollars to 513 00:28:33,960 --> 00:28:36,280 Speaker 1: its stock market value on Monday, and to put that 514 00:28:36,520 --> 00:28:40,240 Speaker 1: in context, it's more than Forward's entire market cap. And 515 00:28:40,320 --> 00:28:43,360 Speaker 1: the last time Tesla split it stock was back in August, 516 00:28:44,360 --> 00:28:48,200 Speaker 1: the year where Tesla's share price rose over seven. Hence 517 00:28:48,280 --> 00:28:51,920 Speaker 1: the positive reaction on this occasion. So we're thinking there's 518 00:28:51,960 --> 00:28:54,880 Speaker 1: going to be a lot more retail investor interest if 519 00:28:54,920 --> 00:28:57,600 Speaker 1: this stock split goes forward. When you think about retail 520 00:28:57,680 --> 00:29:00,840 Speaker 1: investors lately, you think about meme stuff as how are 521 00:29:00,880 --> 00:29:04,040 Speaker 1: they doing this morning? Well, games stopped pairing some of 522 00:29:04,280 --> 00:29:07,840 Speaker 1: yesterday's gains before the bell down two percent. The video 523 00:29:07,920 --> 00:29:11,920 Speaker 1: game retailer championed by retail investors has seen a ten 524 00:29:12,080 --> 00:29:17,120 Speaker 1: day rally and what is the longest winning streaks since April. Separately, 525 00:29:17,280 --> 00:29:20,680 Speaker 1: a MC cooling off down two point eight percent after 526 00:29:20,880 --> 00:29:25,400 Speaker 1: yesterday's huge gains. The movie theater chain rallied forty percent 527 00:29:25,560 --> 00:29:29,280 Speaker 1: yesterday as the market continues to show support for AMC's 528 00:29:29,440 --> 00:29:33,080 Speaker 1: interest in retail investors. Remember it was this affinity with 529 00:29:33,240 --> 00:29:37,360 Speaker 1: retail investors that led AMC's CEO to listen and lead 530 00:29:37,400 --> 00:29:40,040 Speaker 1: the company to take a stake in high Croft Mining 531 00:29:40,280 --> 00:29:43,600 Speaker 1: and Unorthodox Pairing. You could say, nice, you're watching Norton 532 00:29:43,680 --> 00:29:45,640 Speaker 1: LifeLock as well. They've had a bit of an analyst 533 00:29:45,720 --> 00:29:48,840 Speaker 1: down grade, right yeah, down one and a half percent 534 00:29:49,040 --> 00:29:52,600 Speaker 1: ahead of the open, Morgan Stanley downgrading the stock actually 535 00:29:52,920 --> 00:29:57,840 Speaker 1: citing uncertainty surrounding longer term sales and Norton Lifelock's acquisition 536 00:29:57,920 --> 00:30:01,640 Speaker 1: of London listed software Provide to avast. Now that deal 537 00:30:01,760 --> 00:30:04,600 Speaker 1: is valued at eight point six billion dollars, it's facing 538 00:30:04,640 --> 00:30:08,200 Speaker 1: an in depth probe by the UK Competition and Markets Authority. 539 00:30:08,360 --> 00:30:11,400 Speaker 1: Thus ahead wind and finally, Laura, I see you're watching 540 00:30:11,520 --> 00:30:15,840 Speaker 1: cannabis stocks as well. What's going on in that space. Yes, 541 00:30:15,920 --> 00:30:21,440 Speaker 1: Sundal growers until rate brands down nine percent and four percent, respectively. 542 00:30:21,520 --> 00:30:24,160 Speaker 1: So cannabis stocks are falling ahead of a vote taking 543 00:30:24,200 --> 00:30:27,959 Speaker 1: place in the US House this week to decriminalize marijuana. Now, 544 00:30:28,120 --> 00:30:30,680 Speaker 1: while the bill is expected to pass in the House, 545 00:30:30,760 --> 00:30:33,480 Speaker 1: the legislation is forecast to have a little chance in 546 00:30:33,600 --> 00:30:37,360 Speaker 1: the Senate. All right, Bloomberg's Laura right with us, keeping 547 00:30:37,400 --> 00:30:39,800 Speaker 1: an eye on what's happening in the markets ahead of 548 00:30:39,840 --> 00:30:42,120 Speaker 1: the open and taking a look at stocks as a whole. 549 00:30:42,240 --> 00:30:45,560 Speaker 1: This morning, futures aren't moving higher. We have SMP futures 550 00:30:45,640 --> 00:30:48,080 Speaker 1: right now up eighteen points, Stown futures up a hundred 551 00:30:48,120 --> 00:30:51,520 Speaker 1: forty six, and Nasdaq futures are higher by fifty points. 552 00:30:52,000 --> 00:30:54,800 Speaker 1: Lot of action once again in the bond space, with 553 00:30:54,960 --> 00:30:57,840 Speaker 1: the tenure Treasury down twelve thirty seconds, the yield two 554 00:30:57,920 --> 00:31:00,600 Speaker 1: point five zero percent, yield down, the two year two 555 00:31:00,680 --> 00:31:04,400 Speaker 1: point four one percent, NIMEX crude moving higher up one percent, 556 00:31:04,560 --> 00:31:07,160 Speaker 1: up a dollar four two hundred seven dollars one cent 557 00:31:07,280 --> 00:31:10,280 Speaker 1: to barrel, and comic gold at the moment down one 558 00:31:10,320 --> 00:31:12,680 Speaker 1: point four percent or twenty six dollars sixty cents at 559 00:31:13,560 --> 00:31:17,280 Speaker 1: ten announced. Stay well, US, You're listening to Bloomberg day 560 00:31:17,320 --> 00:31:25,320 Speaker 1: Break Bloomberg eleven three oh weather sunny, breezy, near forty 561 00:31:25,400 --> 00:31:28,560 Speaker 1: for a high today mid forties with showers likely Tomorrow, 562 00:31:28,760 --> 00:31:31,160 Speaker 1: could see more showers Thursday, with a high year seventy 563 00:31:31,240 --> 00:31:37,640 Speaker 1: by then. Right now, bundle up twenty five degrees. Markets, 564 00:31:37,760 --> 00:31:40,840 Speaker 1: headlines and breaking news twenty four hours a day at 565 00:31:40,880 --> 00:31:44,280 Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg 566 00:31:44,360 --> 00:31:53,680 Speaker 1: Quick Tape. He's a Bloomberg Business Flash and I'm Karen 567 00:31:53,760 --> 00:31:56,640 Speaker 1: Moscow and futures this morning are rising. We go to 568 00:31:56,680 --> 00:31:59,240 Speaker 1: the first word breaking news dance for today's morning call. 569 00:31:59,360 --> 00:32:03,240 Speaker 1: Here's Bill Maloney. Bill, good morning, and good morning Karen. 570 00:32:03,280 --> 00:32:05,720 Speaker 1: That's right. US features are in the green right now down, 571 00:32:05,720 --> 00:32:07,760 Speaker 1: futures up a hundred and fifty point, says to He's 572 00:32:07,800 --> 00:32:11,120 Speaker 1: game nineteen. Well nos that futures are higher by fifty seven. 573 00:32:11,520 --> 00:32:13,680 Speaker 1: The US ten year old at two and a half percent, 574 00:32:13,800 --> 00:32:16,680 Speaker 1: Gold is down nine Oil is trading higher, but bitcoin 575 00:32:16,840 --> 00:32:19,640 Speaker 1: is down by one percent. Japan rose one point one 576 00:32:19,680 --> 00:32:22,240 Speaker 1: percent overnight, while up markets are also in the green, 577 00:32:22,560 --> 00:32:24,720 Speaker 1: led by two and a half percent gains in France 578 00:32:25,120 --> 00:32:27,200 Speaker 1: and back in the US. On the economic front, at 579 00:32:27,240 --> 00:32:31,360 Speaker 1: ten o'clock, Consumer confidence and Jolt's job openings. After about 580 00:32:31,440 --> 00:32:34,360 Speaker 1: US night, Jeffreys Q and net revenue beat estimates and 581 00:32:34,480 --> 00:32:37,880 Speaker 1: regarding earnings this morning, McCormick beat Smith's and this is 582 00:32:37,960 --> 00:32:40,320 Speaker 1: just hitting right now. In deal news, United Health to 583 00:32:40,360 --> 00:32:42,920 Speaker 1: pay a hundred and seventy dollars to share for l 584 00:32:43,080 --> 00:32:46,200 Speaker 1: h C Group Rapid things up. Fortnite was upgrade to 585 00:32:46,240 --> 00:32:48,880 Speaker 1: overweight over at Barkley's, and Reynolds was cut to sell 586 00:32:49,320 --> 00:32:52,680 Speaker 1: Overreck Goldman Sachs. Live from the First Breaking News dosc 587 00:32:52,800 --> 00:32:54,960 Speaker 1: on Bill Maloney care great, Bill, thank you, and to 588 00:32:55,000 --> 00:32:57,440 Speaker 1: hear live breaking news over your Bloomberg Times squalk on 589 00:32:57,520 --> 00:32:59,760 Speaker 1: your termin I'll ask you a w K and that's 590 00:32:59,800 --> 00:33:02,440 Speaker 1: a Bomberg business flash. Now here's Michael Barr with Moore 591 00:33:02,480 --> 00:33:04,960 Speaker 1: on what's going on around the world. Michael Karen, thank 592 00:33:05,000 --> 00:33:07,800 Speaker 1: you very much. Russia and Ukraine have started peace talks 593 00:33:07,840 --> 00:33:11,400 Speaker 1: in his Sten Bull in mariupal alone A. Russia's siege 594 00:33:11,440 --> 00:33:14,400 Speaker 1: of the southern city has killed almost five thousand people, 595 00:33:14,440 --> 00:33:17,400 Speaker 1: according to the city's mayor. President Joe Biden said he 596 00:33:17,600 --> 00:33:21,520 Speaker 1: wasn't announcing a US policy change when he declared Russian 597 00:33:21,600 --> 00:33:25,080 Speaker 1: president Vladimir Putin cannot remain in power, but was expressing 598 00:33:25,120 --> 00:33:28,720 Speaker 1: his own anger about the invasion of Ukraine. Biden told reporters, 599 00:33:28,800 --> 00:33:31,240 Speaker 1: I am not walking anything back. The fact of the 600 00:33:31,280 --> 00:33:34,280 Speaker 1: matter is I was expressing the moral outrage I felt. 601 00:33:34,800 --> 00:33:37,840 Speaker 1: In the NBA the nixt one, the Celtics and Warriors lost. 602 00:33:38,240 --> 00:33:40,800 Speaker 1: Yukon is heading back to the Women's nc Double A 603 00:33:40,960 --> 00:33:44,480 Speaker 1: Final four for the fourteenth straight time. The Huskies beat 604 00:33:44,560 --> 00:33:48,720 Speaker 1: North Carolina State seven and a double overtime thriller. Yukon 605 00:33:48,840 --> 00:33:52,120 Speaker 1: will face Stanford. Louisville is also when they will face 606 00:33:52,200 --> 00:33:56,040 Speaker 1: South Carolina in the NHL. The Capital's Lost. Global News 607 00:33:56,160 --> 00:33:59,040 Speaker 1: twenty four hours a day on air and on Bloomberg 608 00:33:59,120 --> 00:34:02,560 Speaker 1: Quick Take Hour by more than twenty seven under journalists 609 00:34:02,560 --> 00:34:05,720 Speaker 1: and analyst more than twenty countries. Michael Barr and this 610 00:34:06,000 --> 00:34:09,319 Speaker 1: is Bloomberg. Karen, right, Michael, thank you. At sixty nine 611 00:34:09,400 --> 00:34:11,480 Speaker 1: on Wall Street, we turned to news and science and 612 00:34:11,560 --> 00:34:14,920 Speaker 1: technology Now with the Bloomberg and j I T STEM Report, 613 00:34:15,239 --> 00:34:18,160 Speaker 1: brought to you buy New Jersey Institute of Technology and 614 00:34:18,239 --> 00:34:20,960 Speaker 1: j I T makes industry ready engineers and more than 615 00:34:21,040 --> 00:34:24,120 Speaker 1: twenty fields. If it's engineering, it's at n j I 616 00:34:24,280 --> 00:34:26,800 Speaker 1: t learn more at n j I, T DOT E 617 00:34:26,920 --> 00:34:29,719 Speaker 1: d U and now Here's its making news and science, technology, 618 00:34:29,800 --> 00:34:34,399 Speaker 1: engineering and math, and Shanghai authorities cranked up lockdown restrictions 619 00:34:34,480 --> 00:34:36,760 Speaker 1: for people living in the eastern half of the city. 620 00:34:37,080 --> 00:34:40,200 Speaker 1: They'll be allowed outside only to get a COVID test. 621 00:34:40,480 --> 00:34:42,800 Speaker 1: After four days, the other half of Shanghai will be 622 00:34:42,880 --> 00:34:46,040 Speaker 1: locked down. The city recorded a record number of almost 623 00:34:46,120 --> 00:34:51,000 Speaker 1: forty five hundred COVID cases today. Germany recorded about twenty 624 00:34:51,120 --> 00:34:55,160 Speaker 1: five percent more electricity generated from renewable sources in the 625 00:34:55,200 --> 00:34:57,439 Speaker 1: first three months of the year compared with the same 626 00:34:57,520 --> 00:35:00,919 Speaker 1: period last year, thanks to unusually wind and sunny weather. 627 00:35:01,280 --> 00:35:03,560 Speaker 1: The German government has pledged to ramp up the use 628 00:35:03,600 --> 00:35:05,799 Speaker 1: of solar and wind power as part of its plan 629 00:35:05,920 --> 00:35:09,480 Speaker 1: to wean the country off Russian fossil fuels. Because of 630 00:35:09,520 --> 00:35:13,239 Speaker 1: the war in Ukraine and Cafe Pacific Airways plans to 631 00:35:13,400 --> 00:35:16,840 Speaker 1: reroute its New York Hong Kong service to avoid Russian 632 00:35:16,920 --> 00:35:20,640 Speaker 1: airspace and what would be the world's longest commercial passenger 633 00:35:20,719 --> 00:35:23,480 Speaker 1: flight by distance. The airline plans to fly from New 634 00:35:23,560 --> 00:35:26,440 Speaker 1: York's JFK air poured over the Atlantic Ocean, the UK, 635 00:35:26,840 --> 00:35:30,160 Speaker 1: Southern Europe and Central Asia. According to a memo to 636 00:35:30,239 --> 00:35:34,040 Speaker 1: Cafe Flight staff seen by Bloomberg News, the distance of 637 00:35:34,239 --> 00:35:37,760 Speaker 1: ten thousand, three hundred twenty six miles, we'll take about 638 00:35:37,840 --> 00:35:40,520 Speaker 1: seventeen hours, and that's a Bloomberg and j I t 639 00:35:40,680 --> 00:35:43,800 Speaker 1: Step report. Nathan, there's a map of that flight on 640 00:35:43,880 --> 00:35:47,440 Speaker 1: the Bloomberg terminal. That is a long haul. It is 641 00:35:47,880 --> 00:35:50,439 Speaker 1: where you're live from the Bloomberg Interactive Brokers studios where 642 00:35:50,440 --> 00:35:52,640 Speaker 1: it's now six fifty one on Wall Street Time now 643 00:35:52,719 --> 00:35:54,480 Speaker 1: to check what's going on in d C. Some of 644 00:35:54,520 --> 00:35:57,399 Speaker 1: the top stories in our nation's capital include President Biden 645 00:35:57,480 --> 00:36:00,920 Speaker 1: saying he expressed outrage, not a change in policy when 646 00:36:00,960 --> 00:36:03,960 Speaker 1: he said Vladimir Putin needs to not remain in power, 647 00:36:04,360 --> 00:36:07,960 Speaker 1: Senator Mansion coming out against attacks on the wealthy just 648 00:36:08,120 --> 00:36:11,600 Speaker 1: proposed in President Biden's new budget, and Supreme Court Justice 649 00:36:11,600 --> 00:36:15,000 Speaker 1: Clarence Thomas was wife facing a possible house interview over 650 00:36:15,080 --> 00:36:17,680 Speaker 1: her January six texts from are On. All these stories 651 00:36:18,000 --> 00:36:21,080 Speaker 1: were joined again by Bloomberg Washington correspondent host of Sound On, 652 00:36:21,719 --> 00:36:24,960 Speaker 1: Joe Matthew. Joe, once again, we're talking about those nine 653 00:36:25,080 --> 00:36:30,000 Speaker 1: words from President Biden. As talks are underway between Ukrainian 654 00:36:30,120 --> 00:36:33,360 Speaker 1: and Russian negotiators to try to stop this war. What 655 00:36:33,600 --> 00:36:36,360 Speaker 1: is the state of the geopolitics right now? Well, my goodness, 656 00:36:36,680 --> 00:36:38,759 Speaker 1: where to begin with that one? In terms of the 657 00:36:38,920 --> 00:36:41,759 Speaker 1: nine words, the President tried to clean this a little 658 00:36:41,800 --> 00:36:43,560 Speaker 1: bit more than walk it back. I think is the 659 00:36:43,640 --> 00:36:46,400 Speaker 1: cliche that we'll go with. As he said, he didn't 660 00:36:46,440 --> 00:36:48,520 Speaker 1: really regret anything. I think he was just trying to 661 00:36:49,160 --> 00:36:53,200 Speaker 1: sort of reset what his his intentions were in saying that, 662 00:36:53,480 --> 00:36:56,640 Speaker 1: reminding at least I am now everyone that he referred 663 00:36:56,640 --> 00:36:59,800 Speaker 1: to Vladimir Putin as as a war criminal, as a killer, 664 00:37:00,480 --> 00:37:03,160 Speaker 1: as a pariah, and a butcher. So what came out 665 00:37:03,200 --> 00:37:05,800 Speaker 1: of his mouth on Saturday night, while not in the script, 666 00:37:06,400 --> 00:37:09,280 Speaker 1: didn't actually change a lot. And now there are talks 667 00:37:09,320 --> 00:37:13,200 Speaker 1: getting underway this morning between Ukraine and Russia in Turkey. 668 00:37:13,680 --> 00:37:16,560 Speaker 1: That had been concerns that maybe this type of language 669 00:37:16,600 --> 00:37:19,560 Speaker 1: would have an impact on talks, but it really is 670 00:37:19,600 --> 00:37:21,400 Speaker 1: similar to a lot of the other things the president 671 00:37:21,440 --> 00:37:23,200 Speaker 1: has said the past couple of weeks, and these talks 672 00:37:23,239 --> 00:37:26,880 Speaker 1: are continuing right now, if only with hopes of achieving 673 00:37:27,080 --> 00:37:29,520 Speaker 1: some kind of rules of the road here when it 674 00:37:29,640 --> 00:37:33,759 Speaker 1: comes to the humanitarian crisis, preventing the killing of thousands 675 00:37:33,840 --> 00:37:37,960 Speaker 1: more civilians is while a low bar, the point of 676 00:37:38,080 --> 00:37:41,520 Speaker 1: this conversation today as opposed to reaching a ceasefire, which 677 00:37:41,560 --> 00:37:44,440 Speaker 1: would be the overall goal for Ukraine. I guess a 678 00:37:44,480 --> 00:37:47,960 Speaker 1: lot of the concern we've heard from NATO ally leaders 679 00:37:48,120 --> 00:37:53,760 Speaker 1: Joe is that the president's comments could further escalate tensions Russia. 680 00:37:53,800 --> 00:37:56,920 Speaker 1: You've gotta wonder how much further escalation there could be 681 00:37:57,080 --> 00:38:01,840 Speaker 1: when we do have continued bombardments of the Ukrainian cities 682 00:38:02,000 --> 00:38:05,040 Speaker 1: even as these talks continue. Yeah, it goes both ways here, 683 00:38:05,080 --> 00:38:08,480 Speaker 1: and that's why, of course, the US and our allies 684 00:38:08,600 --> 00:38:12,440 Speaker 1: in Great Britain among others, are very skeptical of the 685 00:38:12,640 --> 00:38:16,960 Speaker 1: motivations here from Moscow in these talks. Ukraine has a 686 00:38:17,000 --> 00:38:19,400 Speaker 1: lot of reasons to continue talking. They want to achieve 687 00:38:19,480 --> 00:38:23,719 Speaker 1: this ceasefire, but the Russians so far have really not 688 00:38:24,320 --> 00:38:28,480 Speaker 1: been believable in this opportunity or this effort here to 689 00:38:28,600 --> 00:38:33,120 Speaker 1: achieve peace. Uh. Vladimir Putin has decided to go in 690 00:38:33,360 --> 00:38:35,520 Speaker 1: in the most intense way possible to try to crush 691 00:38:35,600 --> 00:38:39,719 Speaker 1: the spirit of Ukrainians. If he can't beat the military, 692 00:38:39,840 --> 00:38:41,560 Speaker 1: he's going for the people, and that's kind of the 693 00:38:41,640 --> 00:38:43,840 Speaker 1: idea behind the sanctions on our end as well, to 694 00:38:43,920 --> 00:38:46,759 Speaker 1: squeeze the people of Russia so they will rise up 695 00:38:47,160 --> 00:38:50,719 Speaker 1: and potentially bump Vladimir Putin out of office. But that's 696 00:38:50,760 --> 00:38:53,520 Speaker 1: nothing that's about to happen anytime soon. Interesting that you 697 00:38:53,640 --> 00:38:56,600 Speaker 1: framed at, Joe is a reset of the president's remarks 698 00:38:56,719 --> 00:38:59,560 Speaker 1: about Vladimir Putin. He might have been looking for a 699 00:38:59,640 --> 00:39:03,520 Speaker 1: rees at maybe with the release of the budget yesterday, 700 00:39:04,160 --> 00:39:06,440 Speaker 1: but it seems like we're we're still dealing with a 701 00:39:06,560 --> 00:39:11,399 Speaker 1: lot of the same debates over spending in Washington. Yeah, 702 00:39:11,480 --> 00:39:13,480 Speaker 1: he tried to look the White House is trying to 703 00:39:13,520 --> 00:39:17,440 Speaker 1: appeal to moderates here with an approach of fiscal restraint. 704 00:39:17,560 --> 00:39:21,399 Speaker 1: It lowers deficit spending by a trillion dollars over ten years. 705 00:39:21,480 --> 00:39:24,239 Speaker 1: It adds money for police and veterans. It adds quite 706 00:39:24,239 --> 00:39:27,040 Speaker 1: a bit more for defense, spending more than eight hundred 707 00:39:27,040 --> 00:39:30,279 Speaker 1: and thirteen billion dollars. That is an increase over this 708 00:39:30,440 --> 00:39:33,040 Speaker 1: current fiscal year. But there are some leftovers from Build 709 00:39:33,080 --> 00:39:36,160 Speaker 1: Back Better, the president's social spending plan that never passed 710 00:39:36,200 --> 00:39:40,719 Speaker 1: Congress last year, including a proposed tax on on the 711 00:39:41,040 --> 00:39:43,760 Speaker 1: super wealthy households worth more than a hundred billion dollars 712 00:39:43,760 --> 00:39:45,760 Speaker 1: a year. This would be a tax not just on income, 713 00:39:45,800 --> 00:39:50,040 Speaker 1: but a a minimum tax on unrealized gains Nathan, which 714 00:39:50,520 --> 00:39:53,760 Speaker 1: is not something that Joe Manchion would favor, nor Kyston 715 00:39:53,840 --> 00:39:56,520 Speaker 1: Cinema or others on Capitol Hill, which is partly why 716 00:39:56,560 --> 00:40:00,440 Speaker 1: it didn't pass last year. But the problem is without 717 00:40:00,600 --> 00:40:03,719 Speaker 1: that tax on unrealized gains, you won't be able to 718 00:40:03,760 --> 00:40:06,240 Speaker 1: lower deficit spending, by the way the White House is projecting. 719 00:40:06,280 --> 00:40:07,800 Speaker 1: The other knock on this, by the way, is this 720 00:40:07,960 --> 00:40:11,799 Speaker 1: was all drafted with expectations and numbers from November which 721 00:40:11,840 --> 00:40:14,640 Speaker 1: do not account for the massive increase we've seen in 722 00:40:14,760 --> 00:40:18,960 Speaker 1: inflation since then. So there are some issues to iron 723 00:40:19,040 --> 00:40:20,759 Speaker 1: out in this budget, and that's why it will not 724 00:40:20,920 --> 00:40:23,359 Speaker 1: likely look a lot like this by the time it's done. 725 00:40:23,440 --> 00:40:26,640 Speaker 1: If they pass something only about thirty seconds left here, Joe, 726 00:40:26,719 --> 00:40:30,120 Speaker 1: what are the chances that Supreme Court Justice Clarence Thomas's 727 00:40:30,200 --> 00:40:34,279 Speaker 1: wife Jenny testifies before? Looking pretty good? Pretty good the 728 00:40:34,360 --> 00:40:37,799 Speaker 1: panel uh, suggesting that it is likely that they will 729 00:40:37,840 --> 00:40:40,800 Speaker 1: seek an interview. Uh. It was a pretty busy night actually, 730 00:40:40,840 --> 00:40:43,960 Speaker 1: as they referred a couple of former Trump officials UH 731 00:40:44,120 --> 00:40:48,439 Speaker 1: for criminal contempt, potentially charges, which makes four. Now, whether 732 00:40:48,880 --> 00:40:51,160 Speaker 1: Jenny Thomas gets in front of this panel and whether 733 00:40:51,200 --> 00:40:53,880 Speaker 1: we hear what she says is another question. Much more 734 00:40:53,920 --> 00:40:57,279 Speaker 1: to come. Bloomberg Sound On with Joe Matthew are Washington Correspondent. 735 00:40:57,719 --> 00:41:00,640 Speaker 1: Catch it this evening five pm at all street time 736 00:41:00,760 --> 00:41:03,040 Speaker 1: right here on Bloomberg Radio. And you can listen to 737 00:41:03,080 --> 00:41:06,439 Speaker 1: Bloomberg Radio in Washington. Bloomberg and one oh five point 738 00:41:06,560 --> 00:41:09,040 Speaker 1: seven FM h D two is how you find us. 739 00:41:09,320 --> 00:41:11,960 Speaker 1: Karen sounds good, Nathan. It is six fifties six on 740 00:41:12,040 --> 00:41:15,879 Speaker 1: Wall Street, and it says Bloomberg Daybreak marches Women's History Month, 741 00:41:15,920 --> 00:41:18,840 Speaker 1: and every day this month we're celebrating significant moments in 742 00:41:18,960 --> 00:41:22,239 Speaker 1: women's history. And now with our installment for March twenty nine, 743 00:41:22,600 --> 00:41:26,000 Speaker 1: here's Bloomberg's gonnaed a young on this day in Women's History. 744 00:41:26,040 --> 00:41:30,160 Speaker 1: In nine, Catherine Caulbeck becomes the first woman elected as 745 00:41:30,239 --> 00:41:33,759 Speaker 1: premier in Canada. She led Prince Edward Island and was 746 00:41:33,840 --> 00:41:38,439 Speaker 1: among female pioneers in Canadian politics. Despite growing up hearing 747 00:41:38,520 --> 00:41:42,040 Speaker 1: politics was not a place for women, Callbeck successfully ran 748 00:41:42,160 --> 00:41:45,200 Speaker 1: for office in the House of Commons in nineteen seventy four, 749 00:41:45,600 --> 00:41:49,200 Speaker 1: serving for four years. For a decade After that Callbeck 750 00:41:49,239 --> 00:41:53,000 Speaker 1: worked in her family's hardware, building, furniture and appliances business, 751 00:41:53,480 --> 00:41:57,680 Speaker 1: returning to politics in night. Although two other women reached 752 00:41:57,760 --> 00:42:02,360 Speaker 1: premier status before her through part or legislative selection, callback 753 00:42:02,480 --> 00:42:05,440 Speaker 1: was unique because she became the first woman in Canada 754 00:42:05,600 --> 00:42:10,000 Speaker 1: elected premier in a general election. That's today in women's history. 755 00:42:10,320 --> 00:42:13,600 Speaker 1: I'm rin to Young Bloomberg Radio, Right Radio, Thank you, 756 00:42:13,760 --> 00:42:17,120 Speaker 1: Futures this morning on the rise, SMP futures up eighteen 757 00:42:17,239 --> 00:42:20,280 Speaker 1: points down, futures up one hundred fifty and NASDAK future 758 00:42:20,360 --> 00:42:23,600 Speaker 1: is up forty eight ten. Your treasury down eleven thirty seconds, 759 00:42:23,640 --> 00:42:26,480 Speaker 1: yeld two point for nine per cent and they yield 760 00:42:26,600 --> 00:42:29,200 Speaker 1: on the two year at two point for one percent 761 00:42:29,520 --> 00:42:32,719 Speaker 1: nine ex screude oil of seven tenths percent. It's at 762 00:42:32,719 --> 00:42:36,200 Speaker 1: a hundred six dollars seventy seven cents of barrel. And 763 00:42:36,360 --> 00:42:40,440 Speaker 1: Bloomberg Surveillance is straight ahead with Tom Keene, Jonathan Farrell, 764 00:42:40,520 --> 00:42:44,520 Speaker 1: and Lisa Abramowitz for Naked Hagar. I'm Karen Moscow and 765 00:42:44,920 --> 00:42:46,320 Speaker 1: this is Bloomberg