WEBVTT - Bloomberg Daybreak: March 29, 2022 - Hour 2 (Radio) 0:00:03.120 --> 0:00:06.439 Live from the Bloomberg Interacted Berger's studios. This is is Bloomberg 0:00:06.480 --> 0:00:09.959 day Break for Tuesday, March twenty nine two. Coming up 0:00:10.000 --> 0:00:13.640 this hour, peace talks between Russia and Ukraine restart today. 0:00:13.800 --> 0:00:17.800 President Biden clarifies his remarks on Vladimir Putin, billionaires in 0:00:17.800 --> 0:00:20.799 private equity, girt for taxis from the White House, and 0:00:20.880 --> 0:00:25.160 bankers in Hong Kong's score raises and promotions. New York 0:00:25.239 --> 0:00:28.560 Mayor Eric Adams is slamming Florida's new Don't Say Gay bill. 0:00:28.720 --> 0:00:32.360 Plus the January sixth Panel recommends holding two Trump aids 0:00:32.360 --> 0:00:36.760 in contempt. Michael Barr more ahead, I'm time STASHEDWN sports. 0:00:36.800 --> 0:00:39.000 The Knicks beat the polls at the Garden. The Yukon 0:00:39.159 --> 0:00:42.120 Women won in double overtime to advance to the Final four. 0:00:44.120 --> 0:00:47.920 That's all straight ahead on Bloomberg day Break on Bloomberg 0:00:47.960 --> 0:00:53.040 Eliving Trio, New York, Bloomberg one, Washington, d C, Bloomberg one, 0:00:53.080 --> 0:00:57.440 O six one, Boston, Bloomberg nine six, San Francisco, Sirius 0:00:57.680 --> 0:01:00.280 x M one nineteen and around the world. Old on 0:01:00.400 --> 0:01:07.880 Bloomberg Radio dot Com and via The Bloomberg Business. Good Morning, 0:01:07.880 --> 0:01:11.280 I'm Nathan Hagar and I'm Karen. Moscow and US futures 0:01:11.319 --> 0:01:13.400 are higher this morning. We're coming up to six o 0:01:13.520 --> 0:01:15.360 one on Wall Street and we check the markets every 0:01:15.360 --> 0:01:18.399 fifteen minutes. While the trading day on Bloomberg. Right now, 0:01:18.560 --> 0:01:21.240 SNP futures are up about twenty points down. Futures have 0:01:21.280 --> 0:01:24.560 a hundred forty four NASDACK futures up sixty nine. The 0:01:24.680 --> 0:01:27.640 decks in Germany's at one point nine percent. Ten year 0:01:27.640 --> 0:01:31.080 treasury down fifty and thirty seconds two point five one percent, 0:01:31.160 --> 0:01:33.000 and they yield on the two year two point four 0:01:33.160 --> 0:01:35.959 three percent. Nine X screwed oil is up three ten 0:01:36.080 --> 0:01:38.360 percent or thirty one cents at a hundred six dollars 0:01:38.360 --> 0:01:41.119 twenty seven cents a barrel, and the euro at one 0:01:41.160 --> 0:01:44.320 point one zero three seven against the dollar. Nathan Karen, 0:01:44.400 --> 0:01:47.360 we begin with the latest on the war in Eastern Europe. 0:01:47.480 --> 0:01:50.200 Ukraine is looking for a ceasefire agreement and talks with 0:01:50.320 --> 0:01:53.360 Russia negotiators. Today we get the very latest from Bloomberg 0:01:53.360 --> 0:01:58.000 International Affairs reporter Mark Champion is exchanged for the ceasefire 0:01:58.360 --> 0:02:02.000 is less clear. The sequencing would be quite difficult because 0:02:02.040 --> 0:02:04.920 at the moment, what the Ukrainians are talking about is 0:02:05.120 --> 0:02:08.640 they would agree to neutrality. In exchange from neutrality, there 0:02:08.680 --> 0:02:13.080 would be security guarantees from other Western countries, similar to 0:02:13.480 --> 0:02:16.200 NATO's Article five. You know, all that would have to 0:02:16.240 --> 0:02:18.520 be agreed in a referendum that would take a year. 0:02:19.040 --> 0:02:22.600 So how that all gets sequences extremely difficult to understand. 0:02:23.000 --> 0:02:25.760 What would be the borders that were being guaranteed by 0:02:25.840 --> 0:02:28.560 these guaranteurs in the West is difficult to understand at 0:02:28.600 --> 0:02:32.400 that point. Bloomberg's Mark Champion reports talks are underway in Turkey. 0:02:32.520 --> 0:02:35.760 President Urtwan is telling the Ukrainian and Russian delegations he 0:02:35.840 --> 0:02:39.760 expects quote good news from the meeting. Meantime, Nathan Russian 0:02:39.880 --> 0:02:43.040 appears to be making good on its dead Moscow says 0:02:43.120 --> 0:02:45.760 it made a more than hundred million dollar interest payment 0:02:45.840 --> 0:02:48.840 on its foreign bonds. Is by financial isolation in the 0:02:48.840 --> 0:02:51.560 face of warnings from credit rating agencies. The government has 0:02:51.639 --> 0:02:54.320 so far side step to default. Here in the U 0:02:54.400 --> 0:02:56.840 s care and President Biden is clarifying his remarks on 0:02:56.919 --> 0:02:59.840 Vladimir Putin, saying the US is not seeking to remove 0:02:59.840 --> 0:03:02.120 the Russian president, but he does say he has the 0:03:02.200 --> 0:03:05.239 right to express concern. Bloomberg said Baxter has the story 0:03:05.600 --> 0:03:08.919 the President says he's not planning regime change in Russia, 0:03:09.000 --> 0:03:11.480 but has the right to express his opinion. I was 0:03:11.520 --> 0:03:16.880 expressing my outrage as the behavior this man. It's outrageous. 0:03:17.120 --> 0:03:21.760 It's outrageous, and it's more an aspiration, and he shouldn't 0:03:21.760 --> 0:03:24.720 be in power. There's no I mean, people like this 0:03:24.720 --> 0:03:27.960 shouldn't be ruling countries. But they do. The fact they do, 0:03:28.000 --> 0:03:30.320 but doesn't mean I can't express my outrage about it. 0:03:30.560 --> 0:03:33.120 And NATO is having its debate about talking directly with 0:03:33.160 --> 0:03:35.960 putin some countries, saying before any talks, there has to 0:03:36.000 --> 0:03:39.320 be a ceasefire in Ukraine. In San Francisco, I'm at 0:03:39.320 --> 0:03:41.640 Baxter Bloomberg Daybreak, All right, and thank you now. An 0:03:41.680 --> 0:03:44.600 update on President Biden's agenda back home. The White House 0:03:44.680 --> 0:03:47.320 is doubling down on efforts to overhaul the text Code. 0:03:47.360 --> 0:03:50.200 It's looking to get more money from the wealthiest households 0:03:50.200 --> 0:03:53.560 and largest companies. Amy Morris has details from our Bloomberg 0:03:54.320 --> 0:03:57.760 newsroom in Washington. President Biden says his plan is designed 0:03:57.760 --> 0:03:59.720 to ship away at the deficit run up by the 0:04:00.080 --> 0:04:05.119 administration cut the depths to buy more than one trillion, 0:04:05.640 --> 0:04:08.800 three hundred billion dollars that would be the largest one 0:04:08.880 --> 0:04:11.800 year reduction and the deficit in US history. Part of 0:04:11.800 --> 0:04:13.960 that would be funded through a minimum tax on mega 0:04:14.000 --> 0:04:17.800 millionaires and billionaires, including on their unrealized gains, raising an 0:04:17.880 --> 0:04:21.240 estimated three hundred sixty billion dollars over a decade from 0:04:21.360 --> 0:04:24.800 roughly the wealthiest twenty thousand households in the country. But 0:04:24.880 --> 0:04:28.480 it faces opposition in Congress, and not just from Republicans. 0:04:28.520 --> 0:04:31.360 The billionaire tax is also a key false line between 0:04:31.400 --> 0:04:35.239 moderate Democrats and progressives. White House advisors are now talking 0:04:35.240 --> 0:04:38.080 with lallmakers about how to win support for the tax 0:04:38.160 --> 0:04:42.320 proposal in Washington. I maybe more as Bloomberg Daybreak thanks Samy. Meantime, 0:04:42.320 --> 0:04:44.760 the Senate's passed a measure to help US tech companies, 0:04:44.920 --> 0:04:47.320 passing its version of a longstalled bill to help the 0:04:47.400 --> 0:04:51.200 U semiconductor industry and boost competitiveness with China. That sets 0:04:51.200 --> 0:04:53.560 the stage for negotiations with the House, which has already 0:04:53.560 --> 0:04:56.280 passed its own version. The measure includes fifty seven or 0:04:56.279 --> 0:04:58.840 fifty two billion dollars, I should say to boost chip 0:04:58.880 --> 0:05:01.760 manufacturing and let's turn to the markets now. Nathan and 0:05:01.800 --> 0:05:05.119 a few companies making headlines this morning. Bloombergs John Tucker 0:05:05.200 --> 0:05:07.520 joins us Live with the latest. Good morning, John, Good 0:05:07.560 --> 0:05:10.080 morning Karen. Let's start out with fed Ax, the package 0:05:10.080 --> 0:05:14.440 shipping company named roj Subermanian as its new CEO. He 0:05:14.560 --> 0:05:17.360 takes the reins from seventy seven year old founder Fred Smith, 0:05:17.520 --> 0:05:21.360 who pioneered express delivery almost fifty years ago. Smith had 0:05:21.400 --> 0:05:23.440 been in the midst of a campaign to overhaul the 0:05:23.480 --> 0:05:27.839 company to stem declining profit margins. Meantime, Amazon has become 0:05:27.839 --> 0:05:30.880 the first mega cap tech stock to erase losses for 0:05:30.920 --> 0:05:33.839 the year. Shares are now one point four percent of 0:05:33.839 --> 0:05:36.880 the year after having dropped more than eighteen percent earlier 0:05:36.920 --> 0:05:40.800 this month. And finally, Apples Here's headed for their longest 0:05:40.880 --> 0:05:44.920 winning streak since two thousand and three. After a dismal 0:05:44.960 --> 0:05:48.440 start of the year, Apples seen earnings estimates upgraded by 0:05:48.480 --> 0:05:51.719 analysts Live in New York. I'm John Tucker, Bloomberg Daybreak. 0:05:51.760 --> 0:05:54.360 All right, John, Thanks. Also watching shares of Barclays this morning. 0:05:54.360 --> 0:05:56.640 They're down more than three percent in London after a 0:05:56.680 --> 0:05:59.680 shareholders sold about one point two billion dollars of stock. 0:06:00.000 --> 0:06:02.560 The sale came a day after Barclays revealed a costly 0:06:02.600 --> 0:06:05.320 blunder and how it sold billions of dollars in securities. 0:06:05.560 --> 0:06:09.160 The identity of the Barkley seller was not disclosed. Meantime, 0:06:09.160 --> 0:06:12.200 in Hong Kong, Nathan, the outlook for bankers is looking up. 0:06:12.279 --> 0:06:15.120 The city hashing an exodus of finance staff, but those 0:06:15.200 --> 0:06:18.200 that stayed are getting reward and Bloomberry's Ready to Young 0:06:18.279 --> 0:06:20.440 joins us live with the details. Good morning, ready to down, 0:06:20.440 --> 0:06:23.120 Good morning Karen. For tech savvy workers willing to live 0:06:23.160 --> 0:06:26.920 in a city largely isolated from the world, opportunities like 0:06:27.000 --> 0:06:30.760 big promotions and pay increases are plentiful, at least in 0:06:30.839 --> 0:06:33.800 the short term now. Typically finance workers heading to a 0:06:33.839 --> 0:06:36.520 different company in Hong Kong would get about a fifteen 0:06:36.600 --> 0:06:39.800 percent pay hike, but executive search firm E s g 0:06:40.000 --> 0:06:45.640 I says they're seeing twenty increases. Meantime, government data show 0:06:45.680 --> 0:06:48.880 the number of new visas issued to foreign financial service 0:06:48.920 --> 0:06:52.880 workers in Hong Kong fell last year, down almost fifty 0:06:52.920 --> 0:06:57.120 percent from eighteen and that was before the Omicron variant 0:06:57.160 --> 0:07:00.720 prompted more lockdowns. Live in New York, I'm rened a 0:07:00.800 --> 0:07:03.239 young Bloomberg daybreak. All right, we need to thanks SMP 0:07:03.360 --> 0:07:06.200 futures up eighteen points now, Dow Future is up a 0:07:06.240 --> 0:07:09.239 hundred forty nastac Future is hired by sixty three points. 0:07:09.240 --> 0:07:11.880 The tenure treasury yield two point five zero percent yield 0:07:11.920 --> 0:07:14.520 on the two year right now two point four two percent. 0:07:14.840 --> 0:07:17.720 Straight ahead, your latest local headlines and a check of sports. 0:07:17.840 --> 0:07:24.760 This is Bloomberg six oh seven on Wall Street twenty 0:07:24.840 --> 0:07:27.800 five degrees in Central Park and Jericho Turnpike is closed 0:07:27.840 --> 0:07:30.520 both ways for an accident. Of daily road details coming 0:07:30.600 --> 0:07:33.200 up in Traffic First Michael Barr with more on what's 0:07:33.240 --> 0:07:35.240 going on in New York and around the world. Michael, 0:07:35.240 --> 0:07:37.560 thank you very much, Nathan. New York City Mayor Eric 0:07:37.600 --> 0:07:42.320 Adams is denouncing Florida's controversial Don't Say Gay bill. In 0:07:42.400 --> 0:07:45.000 signing the bill, Florida govern Around De Santis says the 0:07:45.080 --> 0:07:50.320 legislation forbids instruction on sexual orientation and gender identity in 0:07:50.440 --> 0:07:54.440 kindergarten through third grade in Florida. We not only know 0:07:54.680 --> 0:07:57.480 that parents have a right to be involved, uh, we 0:07:57.640 --> 0:08:01.760 insist that parents have a right to be involved. Joe 0:08:01.920 --> 0:08:06.960 Saunders with the lgbt Q advocacy group Equality Florida said 0:08:07.040 --> 0:08:10.480 De Santis has set the state back decades. Governor de 0:08:10.560 --> 0:08:13.720 Santis has damaged our state's reputation as a welcoming and 0:08:13.840 --> 0:08:16.280 inclusive place for all families. He has made us a 0:08:16.400 --> 0:08:20.240 laughing stock and a target of national derision. Worst, he 0:08:20.360 --> 0:08:24.840 has made schools less safe for children. New York Mayor 0:08:24.880 --> 0:08:27.440 Adams called the bill hateful and harmful of seeing on 0:08:27.560 --> 0:08:30.400 social media. To the families living in fear of this 0:08:30.840 --> 0:08:34.680 state sponsored discrimination, You're welcome in New York City. Our 0:08:34.880 --> 0:08:37.920 arms and hearts are wide open. The House Committee voted 0:08:38.000 --> 0:08:42.199 unanimously last night to recommend contempt citations against two of 0:08:42.320 --> 0:08:46.000 former President Trump's White House advisors for defying subpoenas to 0:08:46.080 --> 0:08:49.240 testify in the last year's riots at the US Capitol. 0:08:49.600 --> 0:08:52.840 The panel name former aids Dance Cavino and Peter Navarro. 0:08:53.360 --> 0:08:56.640 Congresswoman Liz Cheney, the top Republican on the Select committee, 0:08:56.840 --> 0:09:00.400 said anyone who participated in the January sixth effort should 0:09:00.440 --> 0:09:04.439 be held accountable. As a federal judge concluded today, the 0:09:04.600 --> 0:09:09.760 illegality of President Trump's plan for January six was quote obvious. 0:09:10.920 --> 0:09:14.200 Cheney was referring to US District Judge David Carter, writing, 0:09:14.240 --> 0:09:17.160 the court finds it more likely than not that President 0:09:17.200 --> 0:09:20.640 Trump corruptly attempted to obstruct the Joint Session of Congress. 0:09:20.679 --> 0:09:25.360 On January se the founder of Citadel is giving forty 0:09:25.440 --> 0:09:27.959 million dollars to New York City as American Museum of 0:09:28.080 --> 0:09:31.240 Natural History. The donation is part of the three forty 0:09:31.280 --> 0:09:35.240 million dollars ray so far for the Richard Guilders Science 0:09:35.640 --> 0:09:39.640 and Education and Innovation Center, which is sent to open 0:09:39.760 --> 0:09:43.959 some time between late two and early three. Actor Will 0:09:44.000 --> 0:09:46.920 Smith apologized Chris Rock after he slapped the comedian at 0:09:46.920 --> 0:09:50.480 the Oscars Sunday night. Meanwhile, the Academy Emotion, Pictures, Arts 0:09:50.480 --> 0:09:53.960 and Sciences open a formal review of Smith's behavior. Global 0:09:54.000 --> 0:09:56.319 News twenty four hours a day on air and on 0:09:56.400 --> 0:09:59.920 Bloomberg Quickday, powered by more than twenty seven dred journalists 0:09:59.920 --> 0:10:03.440 and analysts more than twenty countries. Michael Barr, this is Bloomberg, Nathan. 0:10:03.559 --> 0:10:10.320 Thank you, Michael. Coming up to six ten on Wall Street. 0:10:10.360 --> 0:10:13.040 Time for the Bloomberg Sports Update with John Seshi. Nathan. 0:10:13.120 --> 0:10:15.199 Hard to make the NBA Playoffs when you win only 0:10:15.360 --> 0:10:17.800 one game in the month of February like the Knicks day. 0:10:17.840 --> 0:10:19.760 The Knicks are almost certainly not going to make it. 0:10:19.840 --> 0:10:22.040 Their four and a half games behind, but they have 0:10:22.200 --> 0:10:23.679 one four in a row, first time of all year. 0:10:23.720 --> 0:10:25.920 They came from twelve down beat Chicago at the Garden 0:10:26.000 --> 0:10:27.959 one on nine, one on four. R J Barrett twenty 0:10:28.000 --> 0:10:31.360 eight points, Alec Birket seven. Mark de Rosen had thirty 0:10:31.440 --> 0:10:33.920 seven for the Bulls. Nets home tonight for Detroit Rangers 0:10:33.960 --> 0:10:36.760 are in Pittsburgh, n C Double A Women's Tournament double 0:10:36.840 --> 0:10:41.280 overtime in Bridgeport, Yukon beat NC State to eighties seven 0:10:41.320 --> 0:10:43.760 and I'll off to another Final four. Reaction from the 0:10:43.840 --> 0:10:46.920 coach you know, Orima on the Star Flare Paige Becker's 0:10:47.120 --> 0:10:48.959 it's one of the best games I've ever been part 0:10:49.040 --> 0:10:55.479 of um since I've been at Yukon. Regular season, postseason, 0:10:55.600 --> 0:10:57.360 doesn't really matter. It was just a lot of fun 0:10:57.440 --> 0:11:01.600 to playing two very competitive team teams. Like CoA said, 0:11:01.720 --> 0:11:05.040 just playing for our lives at that point in we 0:11:05.120 --> 0:11:07.000 found a way to win, and we stuck together and 0:11:07.080 --> 0:11:10.880 we stay composed. Yeah, I'm just it was a really 0:11:10.880 --> 0:11:14.480 exciting game. For sure. You got twenty second Final four 0:11:14.559 --> 0:11:16.720 under Orim. They've gone now fourteen years in a row. 0:11:16.800 --> 0:11:19.640 The Jets have signed free agent defensive lineman Solomon Thomas, 0:11:19.760 --> 0:11:21.640 once the third overall pick of the draft. He played 0:11:21.679 --> 0:11:24.000 for Jets coach Roberts Salo and Salo coach the forty 0:11:24.040 --> 0:11:27.280 Miners Defense Giants. GM Joe Shane says he has not 0:11:27.559 --> 0:11:31.480 initiated any trade talks regarding se Kwon Barkley. NFL owners 0:11:31.520 --> 0:11:34.000 are meeting. They are considered a change in the overtime 0:11:34.080 --> 0:11:36.160 rule where both teams would be assured of a possession. 0:11:36.480 --> 0:11:38.959 Baseball forty two year old future Hall of Famer Albert 0:11:39.000 --> 0:11:41.160 Poole says this will be his final season and he 0:11:41.200 --> 0:11:43.679 will spend it with the team he used to start for, 0:11:44.120 --> 0:11:47.760 the St. Louis Cartons. John Stash Howard, Bloomberg's toys All right, John, 0:11:47.840 --> 0:11:50.720 thank you. SMP futures up fifteen points now, the futures 0:11:50.760 --> 0:11:53.480 up a hundred twenty six, intect futures up forty three points. 0:11:53.520 --> 0:11:56.200 The tenure treasury is down eleven thirty seconds. The yield 0:11:56.240 --> 0:11:58.440 two point five zero percent yield on the two year 0:11:58.880 --> 0:12:08.160 two point four too. You're listening to Bloomberg Daybreak. Bloomberg 0:12:08.200 --> 0:12:10.880 Daybreak brought to you by ancient accountants and advisors. Challenging 0:12:10.920 --> 0:12:14.080 times call for proactive advisors who helped minimize taxes, increased 0:12:14.080 --> 0:12:16.840 cash flow, and create opportunities for the future of your business. 0:12:17.000 --> 0:12:24.720 Visit ancient dot com markets, headlines and breaking news twenty 0:12:24.760 --> 0:12:27.600 four hours a day at Bloomberg dot Com, The Bloomberg 0:12:27.640 --> 0:12:32.080 Business Atland at Bloomberg Quicktape, He's a Bloomberg business lash 0:12:38.200 --> 0:12:41.280 and I'm Karen Moscow stocks on the rise as ceasefire 0:12:41.360 --> 0:12:44.719 talks between Russia and Ukraine helped to fuel risk appetite. 0:12:44.840 --> 0:12:48.240 US stock index futures are climbing after benchmarks rose for 0:12:48.360 --> 0:12:51.319 a third session yesterday, and we checked the markets every 0:12:51.360 --> 0:12:54.000 fifteen minutes throughout the trading day. On Bloomberg, Guess and 0:12:54.040 --> 0:12:57.719 P futures up seventeen points down, futures up one four 0:12:57.800 --> 0:13:01.000 NASDACK futures up fifty three the DACK in Germany up 0:13:01.040 --> 0:13:03.160 one point nine per cent. The tend Your Treasury down 0:13:03.200 --> 0:13:06.199 eleven thirty seconds, yield two point four nine percent. That 0:13:06.320 --> 0:13:08.960 yield on the two year two point four one percent 0:13:09.440 --> 0:13:11.680 nine Max screwed Oi l A is up seven ten percent, 0:13:11.840 --> 0:13:14.120 or seventy four cents at a hundred six dollars seventy 0:13:14.160 --> 0:13:16.600 cents of barrel Co Max School down one point three 0:13:16.640 --> 0:13:20.000 percent or twenty five dollars at nineteen nineteen seventy announced, 0:13:20.320 --> 0:13:22.960 the euro one point one zero four one against the dollar, 0:13:23.040 --> 0:13:25.400 British pound one point three zero nine to the yen 0:13:25.480 --> 0:13:28.679 at one twenty three point four eight and Bitcoin this 0:13:28.960 --> 0:13:32.960 morning lower down nine tenths percent at forty seven thousand, 0:13:33.040 --> 0:13:36.160 five hundred twenty five dollars. That's at Bloomberg Business Flash. 0:13:36.240 --> 0:13:38.360 Now here's Michael Barr with more on what's going on 0:13:38.440 --> 0:13:41.080 around the world. Michael Karen, thank you very much. More 0:13:41.160 --> 0:13:43.920 than a month after Russia invaded Ukraine, the two nations 0:13:44.000 --> 0:13:48.360 resumed negotiations towards a ceasefire today. The sit down will 0:13:48.440 --> 0:13:50.800 take place over three days in this in bull Turkey. 0:13:51.320 --> 0:13:55.520 Ukrainian President Voladimir Zelenski says this country would consider a 0:13:55.559 --> 0:13:59.920 neutrality agreement to achieve piece shangha I beef up lockdown 0:14:00.080 --> 0:14:03.920 restrictions for people residing in the eastern half of the city, 0:14:04.320 --> 0:14:07.440 barring everyone from leaving their homes even to walk their dogs. 0:14:08.040 --> 0:14:11.600 Record local daily COVID nineteen infections jump today to close 0:14:11.640 --> 0:14:14.240 to forty eight hundred. In the NBA. Of the next one, 0:14:14.320 --> 0:14:17.719 the Celtics and Warriors lost, Yukon is heading back to 0:14:17.760 --> 0:14:20.360 the Women's NZ Double A final four for the fourteenth 0:14:20.400 --> 0:14:24.520 straight time. The Huskies beat North Carolina State and double overtime. 0:14:24.920 --> 0:14:28.360 Yukon will face Stanford. Louisville is also in because they'll 0:14:28.400 --> 0:14:32.360 face South Carolina in the NHL. The Capital's Lost. Global 0:14:32.440 --> 0:14:34.880 News twenty four hours a day on air and on 0:14:34.960 --> 0:14:38.520 Bloomberg Quicktake, powered by more than twenty seven hundred journalist 0:14:38.560 --> 0:14:41.320 and analysts more than a hundred twenty countries. Michael Barrn, 0:14:41.400 --> 0:14:44.280 This is Bloomberg, Nathan. Thanks Michael, six nineteen on Wall 0:14:44.320 --> 0:14:47.080 Street Line from the Bloomberg Attractive Bokers Studios. This is 0:14:47.160 --> 0:14:51.040 Bloomberg Daybreak and Bloomberg News Executive Editor for International Government. 0:14:51.200 --> 0:14:54.360 Roslyn Matheson is with us as we continue to watch 0:14:54.560 --> 0:14:58.720 these talks underway in Turkey between Ukraine and Russia. Ros 0:14:58.760 --> 0:15:03.080 good morning. As we heard from Michael, Ukrainian President Zelinski 0:15:03.240 --> 0:15:06.520 is saying he is open to neutrality. Is that a 0:15:06.640 --> 0:15:10.440 sign of a concession as we head into these times? Well, 0:15:10.520 --> 0:15:13.520 that's actually something he's been saying all along, is that 0:15:13.680 --> 0:15:16.600 he's open to discussing a lot of things in order 0:15:16.640 --> 0:15:19.040 to get a cease far and then possibly more permanent 0:15:19.560 --> 0:15:23.080 peace agreement. But neutrality for Ukraine comes with caveats, and 0:15:23.200 --> 0:15:27.320 those are some pretty significant ones, which include security guarantees 0:15:27.360 --> 0:15:31.080 that they say must come from European countries, from NATO 0:15:31.200 --> 0:15:34.760 members Turkey, the US and others in order for it 0:15:34.880 --> 0:15:38.120 to feel safe enough to say it can declare itself neutral. 0:15:38.320 --> 0:15:42.360 Mutual probably means confirming what everyone knows already and that 0:15:42.560 --> 0:15:46.000 Ukraine will not join NATO for the foreseeable future for 0:15:46.080 --> 0:15:49.120 many years, if at all, and that can allow it 0:15:49.240 --> 0:15:51.440 to say, in theory it's neutral. But in order to 0:15:51.520 --> 0:15:53.800 do that, it also does need some kind of support 0:15:54.360 --> 0:15:56.920 from the West, and that's where we get into tricky 0:15:57.000 --> 0:16:00.280 ground again about what security guarantees might be possible, what 0:16:00.400 --> 0:16:03.000 other countries would be willing to sign, if anything, in 0:16:03.200 --> 0:16:06.560 order to make Ukraine feel comfortable in that scenario. So 0:16:06.680 --> 0:16:10.440 we're quite a way still, potentially from getting that bigger deal. 0:16:10.640 --> 0:16:14.000 There is the possibility in Turkey today tomorrow that we 0:16:14.160 --> 0:16:16.200 might get the outlines of what would be a forty 0:16:16.240 --> 0:16:18.760 eight hour ceasefire that just that these brings a pause 0:16:19.280 --> 0:16:21.800 in the fighting, that allows more people to leave some 0:16:21.960 --> 0:16:25.040 of the worst areas that have been hit by the conflict, 0:16:25.120 --> 0:16:28.120 and perhaps some breathing space to allow conversation towards that 0:16:28.200 --> 0:16:30.960 broader deal. If we do get that ceasefire, does that 0:16:31.040 --> 0:16:35.000 bring in the possibility that we get more discussions among 0:16:35.400 --> 0:16:38.360 NATO members when it comes to some of these asks 0:16:38.560 --> 0:16:42.320 that Zelinski is looking for, like security guarantees, And I 0:16:42.400 --> 0:16:45.800 guess the bigger question is what kind of security guarantees 0:16:45.880 --> 0:16:48.880 could need to agree to when you have so many 0:16:49.080 --> 0:16:51.840 different leaders of so many different countries with their own 0:16:51.880 --> 0:16:55.360 ideas heading into this. Well, that's right, and as our 0:16:55.400 --> 0:16:57.800 reporting has been showing over the last week, there are 0:16:57.920 --> 0:17:02.240 quite the spell of divergence within NATURE members, particularly in Europe, 0:17:02.240 --> 0:17:05.440 between Western Europe, Eastern Europe and some one about exactly 0:17:05.480 --> 0:17:09.399 how to tackle those really big questions. Because some leaders 0:17:09.440 --> 0:17:11.600 would say, let's just get a cease far, get the 0:17:11.680 --> 0:17:14.000 fighting to stop, then let's think about the rest of it. 0:17:14.520 --> 0:17:17.320 The most important priority is that others are saying it 0:17:17.400 --> 0:17:19.920 has to all happen at the same time. But of 0:17:20.000 --> 0:17:23.040 course you're putting together potentially very complicated piece. Still they 0:17:23.080 --> 0:17:26.040 could have lasting ramifications, so if you don't get it 0:17:26.160 --> 0:17:29.960 right from the outset, this would cause problems for years 0:17:30.040 --> 0:17:32.800 from now. So these countries are saying, hang on, let's 0:17:32.840 --> 0:17:34.680 not rush any of this because if we have to 0:17:34.720 --> 0:17:37.520 give guarantees, what do they look like. Um, it's very 0:17:37.640 --> 0:17:41.000 clear that NATO members have said they will not put 0:17:41.080 --> 0:17:44.119 troops into Ukraine in this existing conflict or commit to 0:17:44.200 --> 0:17:47.400 doing so in a future conflict. So what does security 0:17:47.440 --> 0:17:50.119 guarantees mean anyway? Does it mean sending certain types of 0:17:50.240 --> 0:17:53.840 weaponry into Ukraine to support it if it has to 0:17:53.920 --> 0:17:57.240 have a further conflict with Russia somewhere on its terrain? 0:17:57.640 --> 0:17:59.760 What else does it look like? That's really up in 0:17:59.840 --> 0:18:02.840 the air at this stage. I've seen reports that Russian 0:18:02.880 --> 0:18:07.440 billionaire Roman Abramovich is taking part in these talks in Istanbul. 0:18:07.680 --> 0:18:12.800 If we confirmed that, and how could that affect the negotiations. Well, 0:18:12.840 --> 0:18:14.400 he seems to be playing a bit of a self 0:18:14.480 --> 0:18:18.000 styled role as a mediator. UM. He has held talks 0:18:18.160 --> 0:18:21.760 in Ukraine itself earlier in the month. UM, and he's 0:18:21.800 --> 0:18:25.080 in Turkey now. He's not part of the official delegation 0:18:25.160 --> 0:18:27.080 so it's not sitting on the talks that are occurring 0:18:27.520 --> 0:18:30.200 this morning, but he's certainly in the vicinity and trying 0:18:30.240 --> 0:18:33.680 to facilitate its scenes in whatever way he can. And 0:18:33.760 --> 0:18:36.240 he met, of course with the Turkish president this morning 0:18:36.440 --> 0:18:39.280 before those official talks began, so he seems to be 0:18:39.480 --> 0:18:42.440 at someone who's on the sidelines, trying to help navigate 0:18:42.840 --> 0:18:45.000 if he can. He does, of course have his own 0:18:45.040 --> 0:18:48.119 contacts in Ukraine and perhaps can smooth the way a 0:18:48.240 --> 0:18:51.560 bit um, and he probably has an incentive potentially to 0:18:51.680 --> 0:18:53.640 get back in the good books a bit with countries 0:18:53.680 --> 0:18:56.440 like the UK and the US. He's been sanctioned as 0:18:56.520 --> 0:18:59.000 part of this. Of course, his Chelsea football club he's 0:18:59.000 --> 0:19:01.920 had to give up as well, so perhaps theres a 0:19:02.000 --> 0:19:05.280 motivation for him to show that he's doing something here, 0:19:05.400 --> 0:19:08.800 perhaps to to redeem himself and his business with the 0:19:08.840 --> 0:19:11.359 West well. As we mentioned, we expect these talks to 0:19:11.440 --> 0:19:14.399 continue into tomorrow, perhaps even into a day after that. 0:19:14.520 --> 0:19:18.120 Will continue monitoring them. Bloomberg's Rosalind Matheson, our executive editor 0:19:18.200 --> 0:19:21.159 for International Government. As always, thanks for keeping us up 0:19:21.200 --> 0:19:23.680 to speed on what's been happening so far in a Stanbul. 0:19:23.960 --> 0:19:26.280 Looking ahead to the market open on Wall Street, futures 0:19:26.320 --> 0:19:29.119 are higher, SMP futures are up eighteen points, down futures 0:19:29.200 --> 0:19:32.480 up forty two, NASTAC futures on the rise by forty 0:19:32.560 --> 0:19:35.800 nine points. The tenure treasury is down thirteen thirty seconds, 0:19:36.160 --> 0:19:38.480 the yield two point five zero percent. The yield on 0:19:38.520 --> 0:19:41.280 the two year right now two point four two percent. 0:19:41.400 --> 0:19:44.199 That's a spread of eight basis points. Name x screws 0:19:44.240 --> 0:19:46.480 up nine percent, ninety six cents at a hundred six 0:19:46.560 --> 0:19:50.159 dollars cents of baril comes Gold down one point four percent, 0:19:50.520 --> 0:19:53.560 down twenty six dollars seventy cents a N eighteen even 0:19:53.600 --> 0:19:57.639 announced straight ahead. President Biden expresses outrage at Vladimir Putin 0:19:57.680 --> 0:20:00.719 and megacap Tech makes a comeback. Five things you need 0:20:00.760 --> 0:20:07.879 to start your day straight ahead on Bloomberg Game Bloomberg 0:20:07.920 --> 0:20:09.760 Jay Break brought you by the Jewish Communal Fund j 0:20:09.840 --> 0:20:11.920 c f's donor Advised Fund is the smart choice to 0:20:11.960 --> 0:20:14.760 manage your philanthropy, especially in times of crisis. Make your 0:20:14.800 --> 0:20:18.280 giving impactful. Visit j c F n Y dot org. 0:20:22.080 --> 0:20:26.560 Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 0:20:26.720 --> 0:20:31.359 Bloomberg E Living Free to Washington, d C, Bloomberg to Boston, 0:20:31.480 --> 0:20:34.720 Bloomberg one O six one to San Francisco, Bloomberg N 0:20:34.960 --> 0:20:38.080 sixteen to the country, Sirius XM to the Oneline team 0:20:38.200 --> 0:20:41.320 and around the globe. The Bloomberg Business app in Bloomberg 0:20:41.440 --> 0:20:50.800 Radio dot Com. This is Bloomberg Daybreak six thirty on 0:20:50.880 --> 0:20:53.920 Wall Street. Good morning. I'm Nathan Hager and I'm Karen Moscow, 0:20:54.080 --> 0:20:56.280 and we're just about three hours away from the open 0:20:56.359 --> 0:20:58.560 of US trading. Time for the five things you need 0:20:58.640 --> 0:21:01.359 to notice start your day out to you buy interactive 0:21:01.400 --> 0:21:05.160 brokers Up first, Ukraine is looking for a ceasefire agreement 0:21:05.240 --> 0:21:08.080 and talks to the Russian negotiators. They're meeting right now 0:21:08.160 --> 0:21:10.840 in Turkey, where President here to Wan says he expects 0:21:10.920 --> 0:21:14.199 quote good news from the peace talks meantime, Karen, President 0:21:14.280 --> 0:21:17.320 Biden is clarifying his remarks on Vladimir Putin. He says 0:21:17.400 --> 0:21:20.200 the US is not seeking regime change in Russia, but 0:21:20.320 --> 0:21:22.879 that he still has the right to express concern. I 0:21:23.000 --> 0:21:25.960 was expressing my outrage at the behavior of this man. 0:21:27.040 --> 0:21:32.520 It's outrageous. It's outrageous, and it's more an aspiration, and 0:21:32.840 --> 0:21:35.920 he shouldn't be in power. There's no I mean, people 0:21:36.040 --> 0:21:38.920 like this shouldn't be ruling countries, but they do. The 0:21:39.000 --> 0:21:40.800 fact they do, but don me and I can't express 0:21:40.880 --> 0:21:44.280 my outrage. President Biden is rejecting criticism that his comments 0:21:44.440 --> 0:21:48.480 escalated the situation with Russia. Meantime, Nathan, the President's budget 0:21:48.600 --> 0:21:51.560 is also in focus. He's renewing efforts to sUAS more 0:21:51.680 --> 0:21:54.840 tax revenue from big companies and wealthy households. His new 0:21:54.920 --> 0:21:58.240 budget calls for two point five trillion dollars in tax hikes. 0:21:58.400 --> 0:22:01.160 Turning to markets, now, we have several companies making headlines 0:22:01.240 --> 0:22:03.919 this morning. Let's see at the details live with Bloomberg's 0:22:03.960 --> 0:22:06.240 John Tucker, John Nathan. Let's starting with the change of 0:22:06.320 --> 0:22:08.879 the top at fed X, the package delivery company is 0:22:08.960 --> 0:22:12.760 named Rod Subramanian as its new CEO. He takes over 0:22:12.920 --> 0:22:16.840 from founder Fred Smith, who pioneered express delivery almost fifty 0:22:16.920 --> 0:22:20.399 years ago. Up next, let's talk Amazon. It's become the 0:22:20.440 --> 0:22:24.159