1 00:00:02,480 --> 00:00:05,880 Speaker 1: Live from the Bloomberg Interactive Brokers Studios. This is Bloomberg 2 00:00:05,960 --> 00:00:09,800 Speaker 1: day Break for Monday, March two. Coming up this hour, 3 00:00:10,039 --> 00:00:12,720 Speaker 1: a Boeing jet with more than one thirty people on 4 00:00:12,840 --> 00:00:17,320 Speaker 1: board reportedly crashes in China. Ukraine rejects Russia's latest demands. 5 00:00:17,360 --> 00:00:19,440 Speaker 1: As the war nears the end of its first month, 6 00:00:19,520 --> 00:00:22,560 Speaker 1: President Biden hosts a call with European leaders to discuss 7 00:00:22,640 --> 00:00:25,319 Speaker 1: the war, and oil surges for a third day with 8 00:00:25,520 --> 00:00:28,319 Speaker 1: no end to the war in sight. Confirmation hearings begin 9 00:00:28,400 --> 00:00:32,200 Speaker 1: today for President Biden. Supreme Court nominee plus Justice Clarence 10 00:00:32,240 --> 00:00:35,680 Speaker 1: Thomas has hospitalized. I'm Michael barn More Ahead, I'm John 11 00:00:35,680 --> 00:00:37,839 Speaker 1: stash Our. In sports, the n C Double A tournament 12 00:00:37,840 --> 00:00:40,800 Speaker 1: field trimmed the sixteen, a win for the Rangers, losses 13 00:00:40,800 --> 00:00:45,559 Speaker 1: for the Islanders and Nick. That's all straight Ahead on 14 00:00:45,760 --> 00:00:51,560 Speaker 1: Bloomberg day Break on Bloomberg Elementary on New York, Bloomberg one, Washington, 15 00:00:51,640 --> 00:00:55,720 Speaker 1: d C, Bloomberg one, O six one, Boston, Bloomberg nine sixties, 16 00:00:55,760 --> 00:00:59,760 Speaker 1: San Francisco, Sirius x M one nineteen and around the 17 00:00:59,760 --> 00:01:02,520 Speaker 1: world Old on Bloomberg Radio dot Com and via The 18 00:01:02,640 --> 00:01:09,040 Speaker 1: Bloomberg Business at Good Morning I'm Nathan Hager and on 19 00:01:09,160 --> 00:01:11,880 Speaker 1: John Tucker. Daybreak being brought to you by Interactive Broker's 20 00:01:11,920 --> 00:01:15,560 Speaker 1: Simple i b k R Global Trader app. Deposit in 21 00:01:15,560 --> 00:01:18,279 Speaker 1: your local currency and trade stocks in the US, Europe 22 00:01:18,280 --> 00:01:21,160 Speaker 1: and Asia. Start your free trial at i b k 23 00:01:21,440 --> 00:01:25,000 Speaker 1: R dot com slash Global Trader. The futures are lower 24 00:01:25,040 --> 00:01:26,960 Speaker 1: to start the week at six o one on Wall Street. 25 00:01:26,959 --> 00:01:29,240 Speaker 1: We checked the markets every fifteen minutes during the trading day. 26 00:01:29,280 --> 00:01:32,520 Speaker 1: On bloomberg SMP futures are down five point. Staff futures 27 00:01:32,520 --> 00:01:35,440 Speaker 1: down a hundred one. NASTAC futures are lower by forty 28 00:01:35,480 --> 00:01:38,480 Speaker 1: four points. The tenure treasury is down nine thirty seconds. 29 00:01:38,520 --> 00:01:41,479 Speaker 1: The yield two point one eight percent. John Nathan will 30 00:01:41,520 --> 00:01:43,199 Speaker 1: have more on the markets in the minute. The first 31 00:01:43,240 --> 00:01:45,840 Speaker 1: we had breaking news out of Asia. There are reports 32 00:01:45,840 --> 00:01:49,560 Speaker 1: of the commercial plane crash in China. Bloomberg's Michael bar 33 00:01:49,680 --> 00:01:52,160 Speaker 1: It joins US line with the very latest Michael, good morning, 34 00:01:52,200 --> 00:01:56,080 Speaker 1: Good morning John. Chinese media report of Boeing seven thirty 35 00:01:56,160 --> 00:02:01,280 Speaker 1: seven n G carrying one two passengers as Ashton Southwest China. 36 00:02:01,440 --> 00:02:05,120 Speaker 1: Radar tracking from flight Radar twenty four shows that China 37 00:02:05,240 --> 00:02:08,520 Speaker 1: Eastern Airlines flight took a steep descent as it was 38 00:02:08,560 --> 00:02:11,760 Speaker 1: headed toward the province of Guangzhou. The New York Times 39 00:02:11,760 --> 00:02:14,519 Speaker 1: says local officials saw flames and smoke rising from a 40 00:02:14,560 --> 00:02:17,720 Speaker 1: hill sign in the area. Chinese State television says a 41 00:02:17,760 --> 00:02:20,320 Speaker 1: rescue team as as symboled and his approaching the site. 42 00:02:20,600 --> 00:02:23,880 Speaker 1: So far, China Eastern and Boeing have not been available 43 00:02:23,919 --> 00:02:27,079 Speaker 1: for Common in New York. Michael Barr Bloomberg day Break, 44 00:02:27,120 --> 00:02:30,160 Speaker 1: John Thanks Michael shares a bowing down almost seven percent 45 00:02:30,240 --> 00:02:33,239 Speaker 1: at early tridding following that reported crash. We're being you 46 00:02:33,280 --> 00:02:36,240 Speaker 1: know the latest details all morning right here on Bloomberg Radio. 47 00:02:36,560 --> 00:02:38,359 Speaker 1: On In the meantime, John, we shift our focus down 48 00:02:38,400 --> 00:02:41,640 Speaker 1: to the war in Ukraine as intense attacks continue. Ukraine 49 00:02:41,680 --> 00:02:46,160 Speaker 1: is rejecting Russia's demand to surrender. Mary Paul bloombergs Baxter 50 00:02:46,360 --> 00:02:48,880 Speaker 1: has the details. The Kremlin has said that if that 51 00:02:49,040 --> 00:02:52,560 Speaker 1: was done, it would open humanitarian lanes. Ukraine said no, 52 00:02:52,880 --> 00:02:56,160 Speaker 1: and Defense Secretary Lloyd Austin says the Russians may not 53 00:02:56,280 --> 00:02:58,600 Speaker 1: be able to take Marapo. You haven't taken it yet, 54 00:02:58,639 --> 00:03:01,600 Speaker 1: and we've seen in the paths that the Ukrainians have 55 00:03:01,680 --> 00:03:06,160 Speaker 1: counterattacked that they've they've used their initiative to to move 56 00:03:06,200 --> 00:03:09,600 Speaker 1: things around on the battlefield uh and and they presented 57 00:03:09,680 --> 00:03:13,720 Speaker 1: some significant problems for the for the Russians. Meanwhile, more 58 00:03:13,919 --> 00:03:16,480 Speaker 1: U S weaponry is expected to arrive in the next 59 00:03:16,560 --> 00:03:20,320 Speaker 1: few days. In San Francisco. I'm at Baxter Bloomberg Daybreak. 60 00:03:20,400 --> 00:03:23,960 Speaker 1: Thank said Ukraine's President Philadimir Zolensky is asking for more help. 61 00:03:24,280 --> 00:03:28,280 Speaker 1: He addressed Israel's parliament, calling out hesitancy to provide military 62 00:03:28,320 --> 00:03:32,400 Speaker 1: aid to and join in international sanctions against Moscow. Did 63 00:03:32,520 --> 00:03:36,320 Speaker 1: not Could you explain why we are still appealing to 64 00:03:36,360 --> 00:03:39,320 Speaker 1: the world in many countries appealing to you for help. 65 00:03:40,120 --> 00:03:44,880 Speaker 1: Is it indifferent calculation or mediation without choosing side. I 66 00:03:45,000 --> 00:03:47,440 Speaker 1: leave it to you to choose the answer to this question. 67 00:03:47,800 --> 00:03:52,080 Speaker 1: I only note one thing that indifferent skills. Ukrainian President 68 00:03:52,120 --> 00:03:54,680 Speaker 1: Zelinski has renewed he is affor it to negotiate with 69 00:03:54,760 --> 00:03:58,560 Speaker 1: Russia's bladmir putin in Aida. Zelinski says Moscow is starting 70 00:03:58,560 --> 00:04:02,600 Speaker 1: to use more destroy artillery in its attacks. The President 71 00:04:02,680 --> 00:04:05,640 Speaker 1: Biden heads to Brussels for NATO summit this week, John, 72 00:04:05,680 --> 00:04:09,080 Speaker 1: but before that trip he'll speak with European and UK leaders. 73 00:04:09,120 --> 00:04:12,760 Speaker 1: This morning, Amy Morris has details from our Bloomberg room 74 00:04:12,760 --> 00:04:16,600 Speaker 1: in Washington. President Biden's talk with the leaders of France, Germany, 75 00:04:16,680 --> 00:04:19,320 Speaker 1: Italy and the UK is set for eleven this morning 76 00:04:19,320 --> 00:04:22,200 Speaker 1: Wall Street Time. While in Europe, the President is also 77 00:04:22,240 --> 00:04:25,520 Speaker 1: expected to visit Warsaw, where he'll meet with Poland's President 78 00:04:25,560 --> 00:04:29,800 Speaker 1: Andre DooDah. Sources tell Bloomberg that later today, senior US officials, 79 00:04:29,839 --> 00:04:34,240 Speaker 1: including Treasury Secretary Janet Ellen and National Security Advisor Jake Sullivan, 80 00:04:34,480 --> 00:04:38,320 Speaker 1: will meet with executives in the energy, refining, financial services, 81 00:04:38,320 --> 00:04:42,039 Speaker 1: in manufacturing sectors. Leaders from ex On Mobile, JP, Morgan 82 00:04:42,160 --> 00:04:44,960 Speaker 1: Chase and other firms are expected to attend the off 83 00:04:44,960 --> 00:04:48,160 Speaker 1: the record discussion about the global push to sanction Russia, 84 00:04:48,400 --> 00:04:52,800 Speaker 1: up ending supply chains and exacerbating inflationary pressures. In Washington, 85 00:04:52,880 --> 00:04:56,320 Speaker 1: on Many Morris Bloomberg Daybreak Thanks, Russia has begun using 86 00:04:56,400 --> 00:05:00,120 Speaker 1: hypersonic missiles against Ukraine. It's a shift in strapp g 87 00:05:00,279 --> 00:05:03,280 Speaker 1: that may signal a new phase of the war. Analysts 88 00:05:03,279 --> 00:05:05,599 Speaker 1: expect more air power to be used as the Russian 89 00:05:05,640 --> 00:05:09,920 Speaker 1: ground campaign stalls. NATO Secretary General Ian Staltonberg is also 90 00:05:09,960 --> 00:05:13,680 Speaker 1: worried about chemical weapons. We know that Russia has used 91 00:05:13,839 --> 00:05:20,160 Speaker 1: chemical agents uh in Europe before against their own political opponents, 92 00:05:20,520 --> 00:05:26,040 Speaker 1: and they Russia has been facilitating supporting the outsold regime 93 00:05:26,080 --> 00:05:30,480 Speaker 1: in Pseudo where chemical weapons has been used. So this 94 00:05:30,560 --> 00:05:34,080 Speaker 1: is something we take extremely serious. NATO Secretary General Ian 95 00:05:34,120 --> 00:05:37,080 Speaker 1: Staltenberg made the comments on NBC's Meet the Press her 96 00:05:37,240 --> 00:05:40,760 Speaker 1: Sundays on Bloomberg Radio. No end to the war. Inside 97 00:05:40,839 --> 00:05:43,640 Speaker 1: John oil is surging for a third day. Attacks by 98 00:05:43,680 --> 00:05:47,040 Speaker 1: Iranian backed rebels on energy facilities in Saudi Arabia are 99 00:05:47,040 --> 00:05:49,599 Speaker 1: also adding to the upward pressure. Crude is rallied almost 100 00:05:49,640 --> 00:05:53,760 Speaker 1: fourteen percent since Wednesday. Checking prices now, Nimex crude is 101 00:05:53,839 --> 00:05:56,240 Speaker 1: up three point six percent, or three dollars seventy six 102 00:05:56,240 --> 00:05:58,559 Speaker 1: cents at a hundred eight dollars forty six cents of barrel. 103 00:05:58,839 --> 00:06:00,720 Speaker 1: Brand is hired by three to half percent at a 104 00:06:00,880 --> 00:06:03,880 Speaker 1: hundred eleven dollar sixty five cents, and his crude climbs 105 00:06:03,960 --> 00:06:07,480 Speaker 1: inflation remains front end center. Today, J Powell gets another 106 00:06:07,600 --> 00:06:09,920 Speaker 1: chance to weigh in on the matter. The vetch here 107 00:06:10,040 --> 00:06:14,080 Speaker 1: makes remarks and answers questions at an economics conference in Washington. 108 00:06:14,680 --> 00:06:18,000 Speaker 1: Critics like former Treasury Secretary Larry Summers, says the Central 109 00:06:18,000 --> 00:06:21,280 Speaker 1: Bank needs to hike rates more aggressively. We've got to 110 00:06:21,360 --> 00:06:26,920 Speaker 1: raise interest rates by more than four percentage points. We've 111 00:06:26,920 --> 00:06:29,680 Speaker 1: got to raise them by four percent to stay neutral. 112 00:06:30,320 --> 00:06:32,880 Speaker 1: We probably have to raise them more than that. So 113 00:06:32,960 --> 00:06:35,599 Speaker 1: I think ultimately we're gonna need a four or five 114 00:06:35,720 --> 00:06:41,040 Speaker 1: percent interest rates levels they're not even thinking of as conceivable. 115 00:06:41,160 --> 00:06:44,920 Speaker 1: Former Treasury Secretary and Bloomberg contributor Larry Summers was against 116 00:06:44,920 --> 00:06:48,280 Speaker 1: on Bloomberg's Wall Street week heard weekends on Bloomberg Radio 117 00:06:48,320 --> 00:06:50,800 Speaker 1: and television as stay tuned for those remarks from j. 118 00:06:50,920 --> 00:06:53,200 Speaker 1: Powell will bring those to you live coming up just 119 00:06:53,320 --> 00:06:56,520 Speaker 1: before one pm Eastern. On the corporate front this morning, 120 00:06:56,560 --> 00:06:59,760 Speaker 1: some merger Monday news. Berkshire Hathaways agreed to buy insurance 121 00:06:59,760 --> 00:07:02,760 Speaker 1: comp the Alleghany for eleven point six billion dollars That 122 00:07:02,800 --> 00:07:06,479 Speaker 1: works out to a twenty premium to Alleghany's last closing price. 123 00:07:06,680 --> 00:07:09,000 Speaker 1: And private equity firm Toma Bravo has agreed to buy 124 00:07:09,040 --> 00:07:11,640 Speaker 1: San Francisco based software company and A Plan and a 125 00:07:11,760 --> 00:07:14,520 Speaker 1: deal valued at ten point seven billion dollars. Shares a 126 00:07:14,560 --> 00:07:17,760 Speaker 1: Vanna Planner up almost twenty seven percent in early trading. 127 00:07:17,880 --> 00:07:24,680 Speaker 1: This is Bloomberg at six or seven on Wall Street. 128 00:07:24,800 --> 00:07:27,040 Speaker 1: Let's bring in Michael Barnet to find out what else 129 00:07:27,120 --> 00:07:29,960 Speaker 1: is going on in New York hand around the world. John, 130 00:07:29,960 --> 00:07:32,400 Speaker 1: thank you very much, sir. The Senate Judiciary Committee is 131 00:07:32,440 --> 00:07:34,800 Speaker 1: set to beginning It's his story of Confirmation. Hearing is 132 00:07:34,840 --> 00:07:39,080 Speaker 1: today for Judge John G. Brown Jackson, year old federal 133 00:07:39,160 --> 00:07:41,720 Speaker 1: judge would be the first black woman on the Supreme Court. 134 00:07:42,120 --> 00:07:45,640 Speaker 1: Jackson is expected to present an opening statement, then answer 135 00:07:45,720 --> 00:07:48,400 Speaker 1: questions from the committee's eleven Democrats and of love and 136 00:07:48,440 --> 00:07:52,240 Speaker 1: Republicans over the next two days. Senate Minority Leader Mitch 137 00:07:52,280 --> 00:07:54,920 Speaker 1: McConnell says he is keeping an open mind. I'm gonna 138 00:07:54,960 --> 00:07:57,360 Speaker 1: listen to the hearings and by the way, she'll be 139 00:07:57,400 --> 00:08:02,200 Speaker 1: treated much better than democrat as are typically treated Republican 140 00:08:02,280 --> 00:08:05,880 Speaker 1: nominated like Clarence Thomas and Brett Cabita Arts. Senator McConnell 141 00:08:05,960 --> 00:08:08,720 Speaker 1: spoke on CBSS Face the Nation, which can be heard 142 00:08:08,760 --> 00:08:13,640 Speaker 1: Sundays on Bloomberg. Supreme Court Justice Clarence Thomas remains hospitalized 143 00:08:13,680 --> 00:08:17,040 Speaker 1: with flu like symptoms. According to the Supreme Court, Thomas 144 00:08:17,080 --> 00:08:19,800 Speaker 1: is being treated with antibiotics for an infection and is 145 00:08:19,840 --> 00:08:23,960 Speaker 1: resting comfortably. The new subvariant of the coronavirus has the 146 00:08:24,000 --> 00:08:27,800 Speaker 1: attention of the nation. Stop infectious disease. Doctor Dr Anthony 147 00:08:27,840 --> 00:08:31,680 Speaker 1: Fauci says the new coronavirus b A two subvariant is 148 00:08:31,720 --> 00:08:35,600 Speaker 1: about fifty to six more transmissible than omicron. It does 149 00:08:35,640 --> 00:08:39,920 Speaker 1: have an increased transmission capability. However, when you look at 150 00:08:39,960 --> 00:08:42,760 Speaker 1: the cases, they do not appear to be any more severe. 151 00:08:43,480 --> 00:08:45,960 Speaker 1: Dr Fauci says that's the good news, but he warns 152 00:08:46,000 --> 00:08:48,280 Speaker 1: b A two could lead to an increase in COVID 153 00:08:48,320 --> 00:08:52,440 Speaker 1: cases in the weeks ahead. Overall, sickness and hospitalizations have 154 00:08:52,559 --> 00:08:56,360 Speaker 1: dropped to pre pandemic levels. Fauci spoke on ABC's This Week, 155 00:08:56,400 --> 00:08:59,520 Speaker 1: which can be heard Sunday's right here on Bloomberg. Fans 156 00:08:59,640 --> 00:09:02,160 Speaker 1: welcome back the Cinderella team of the men's n Z 157 00:09:02,280 --> 00:09:06,040 Speaker 1: Double A Tournament. Jersey City St. Peter's University got a 158 00:09:06,040 --> 00:09:09,160 Speaker 1: hero's welcome when they return Sunday. Everyone has a Peacock 159 00:09:09,280 --> 00:09:11,960 Speaker 1: Nation is like, this is crazy because we're such a 160 00:09:11,960 --> 00:09:15,120 Speaker 1: small school. Over the weekend, the fifteenth seed advanced to 161 00:09:15,200 --> 00:09:19,760 Speaker 1: the sweet sixteen. Peacock's guard Darryl Banks, this doesn't amazing, 162 00:09:19,840 --> 00:09:22,959 Speaker 1: you know, just growing up what if by basketball? And 163 00:09:23,000 --> 00:09:24,480 Speaker 1: this is kind of always that you live for it 164 00:09:24,520 --> 00:09:27,200 Speaker 1: as you dream of. Guard Darryl Banks and his St 165 00:09:27,200 --> 00:09:31,120 Speaker 1: Peter's teammates now take on pur Due this Friday, Global 166 00:09:31,160 --> 00:09:33,520 Speaker 1: News twenty four hours a day on air and on 167 00:09:33,640 --> 00:09:36,600 Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred 168 00:09:36,640 --> 00:09:39,360 Speaker 1: journalists and analyists more than a hundred twenty countries. I'm 169 00:09:39,400 --> 00:09:47,040 Speaker 1: Michael Barron. This is Bloomberg, John, Michael, thank you, and 170 00:09:47,040 --> 00:09:49,320 Speaker 1: it's coming up on six ten on Wall Street. Time 171 00:09:49,320 --> 00:09:52,080 Speaker 1: down for the Bloomberg Sports Uptake. Here's John stah Shower, right, 172 00:09:52,160 --> 00:09:54,120 Speaker 1: John n C Double A tournament field is down to 173 00:09:54,160 --> 00:09:57,720 Speaker 1: the sweet sixteen and includes Duke. Mike Schowski's coaching career. 174 00:09:57,800 --> 00:10:00,280 Speaker 1: Not over. Yeah, Blue Devils pulled away. Wait, I eat 175 00:10:00,320 --> 00:10:03,319 Speaker 1: Michigan State a sweet six states just with talent, you 176 00:10:03,400 --> 00:10:07,280 Speaker 1: do it with character and uh, that's that's what my 177 00:10:07,360 --> 00:10:10,360 Speaker 1: teams have had. But it's not like I've given them that. 178 00:10:11,480 --> 00:10:14,520 Speaker 1: We've recruited that and we've made use of him. Coach 179 00:10:14,600 --> 00:10:16,959 Speaker 1: k and Duke now headed out to San Francisco to 180 00:10:17,000 --> 00:10:19,320 Speaker 1: play Texas Techa, who just got by Notre Dame. A 181 00:10:19,360 --> 00:10:22,040 Speaker 1: two seed went down. Auburn lost to Miami in a 182 00:10:22,080 --> 00:10:25,079 Speaker 1: one Seed nearly went down, but Arizona survived in overtime 183 00:10:25,440 --> 00:10:28,720 Speaker 1: over TCU eleven seat at Iowa State is moving on. 184 00:10:28,760 --> 00:10:32,120 Speaker 1: The Cyclones went too and twenty two just last year, 185 00:10:32,480 --> 00:10:36,320 Speaker 1: also advancing Billeova, Houston and Purdue. And Purdue his next 186 00:10:36,360 --> 00:10:39,360 Speaker 1: from Cinderella St. Peter's. That game is Friday night in 187 00:10:39,480 --> 00:10:41,920 Speaker 1: Philadelphia at the Guard of the Next had recent wins 188 00:10:41,920 --> 00:10:45,400 Speaker 1: over Portland and Washington, Utah much better team the Jazz 189 00:10:45,440 --> 00:10:47,360 Speaker 1: won one O eight to ninety three. Is Donovan Mitchell 190 00:10:47,360 --> 00:10:49,640 Speaker 1: scored thirty six points. Are J Barrett had twenty four 191 00:10:49,920 --> 00:10:52,080 Speaker 1: for the next. What a weekend for the Rangers road 192 00:10:52,080 --> 00:10:54,360 Speaker 1: wins first at Tampa Bay at the two times depending 193 00:10:54,360 --> 00:10:57,559 Speaker 1: Stanley Cup Jampson. Last night at first Place Carolina was 194 00:10:57,600 --> 00:10:59,880 Speaker 1: to nothing with backup goalie out of stores you have 195 00:11:00,000 --> 00:11:03,400 Speaker 1: making forty four stads goals by Chris Pryder his forty 196 00:11:03,520 --> 00:11:06,960 Speaker 1: one in the recent acquisition Frank Metrono. The Hurricanes hadn't 197 00:11:06,960 --> 00:11:09,520 Speaker 1: lost a home game in regulation and over two months 198 00:11:09,520 --> 00:11:12,480 Speaker 1: Islanders lost in Philadelphia to the one. The Red Sox 199 00:11:12,520 --> 00:11:15,040 Speaker 1: signed free agents George dot Travor's story. They plan to 200 00:11:15,120 --> 00:11:17,040 Speaker 1: use him at second base. He put up big numbers 201 00:11:17,080 --> 00:11:20,000 Speaker 1: with Colorado whe the numbers tend to inflate, but he's 202 00:11:20,040 --> 00:11:23,160 Speaker 1: had thirty seven and thirty five home runs. Easy. John 203 00:11:23,200 --> 00:11:26,520 Speaker 1: stash Allan Bloomberg Sports John all Right, John, thanks a lot. 204 00:11:27,120 --> 00:11:29,320 Speaker 1: Right ahead of the cash open on Wall Street, we 205 00:11:29,360 --> 00:11:32,160 Speaker 1: have futures right now in the red. The down futures 206 00:11:32,200 --> 00:11:34,880 Speaker 1: one hundred thirteen points lower, that's down three tenths of 207 00:11:35,040 --> 00:11:38,480 Speaker 1: a percent, SMP EVENI future six points lower, that's down 208 00:11:38,840 --> 00:11:41,000 Speaker 1: a tenth of a percent this morning. And then Izak 209 00:11:41,040 --> 00:11:44,760 Speaker 1: E many futures forty four points slower, three tenths of 210 00:11:44,800 --> 00:11:49,040 Speaker 1: a percent lower after last week's games in the markets, 211 00:11:49,280 --> 00:11:51,360 Speaker 1: and as we look at treasuries right now, the benchmark 212 00:11:51,440 --> 00:11:54,360 Speaker 1: ten year yield at two point one to eight percent, 213 00:11:54,480 --> 00:11:57,320 Speaker 1: that is a three basis point the two year yield 214 00:11:57,400 --> 00:12:00,760 Speaker 1: of four basis points at one point nine eight percent. 215 00:12:01,240 --> 00:12:07,320 Speaker 1: You're listening to Bloomberg Debreak, Debreak, brought to you by Audie. 216 00:12:07,360 --> 00:12:09,400 Speaker 1: Don't let someone else drive off of the Audi model. 217 00:12:09,480 --> 00:12:11,720 Speaker 1: You always want to visit your try stating area AUDI 218 00:12:11,760 --> 00:12:13,920 Speaker 1: dealer to get behind the wheel of yours today, or 219 00:12:14,000 --> 00:12:23,280 Speaker 1: visit Audi offers dot com for more information, markets headlines 220 00:12:23,320 --> 00:12:26,280 Speaker 1: and breaking news twenty four hours a day at Bloomberg 221 00:12:26,360 --> 00:12:29,760 Speaker 1: dot com, The Bloomberg Business at and at Bloomberg Quick Tape. 222 00:12:29,960 --> 00:12:40,199 Speaker 1: He's a Bloomberg Business Flash Nathan Hagar. Futures and European 223 00:12:40,240 --> 00:12:43,240 Speaker 1: stocks are wavering. Crude oil is extending its climb as 224 00:12:43,240 --> 00:12:46,280 Speaker 1: investors monitor diplomatic efforts to try to bring the an 225 00:12:46,400 --> 00:12:49,360 Speaker 1: end to Russia's nearly month old war in Ukraine. We 226 00:12:49,440 --> 00:12:51,839 Speaker 1: checked the markets every fifteen minutes during the trading day 227 00:12:51,840 --> 00:12:54,600 Speaker 1: on Bloomberg. Right now, SMP futures are down eight point 228 00:12:54,679 --> 00:12:58,240 Speaker 1: staff futures down a D seven, NASTAC futures are lower 229 00:12:58,320 --> 00:13:00,640 Speaker 1: by fifty points. The ten You're try trees down eight 230 00:13:00,640 --> 00:13:03,559 Speaker 1: thirty seconds. The yield two point one seven percent yield 231 00:13:03,559 --> 00:13:06,240 Speaker 1: on the two year one point nine seven percent. Nime 232 00:13:06,320 --> 00:13:08,360 Speaker 1: X screwed is up three point percent or three dollars 233 00:13:08,880 --> 00:13:10,800 Speaker 1: cents at a hundred eight dollar sixty five cents of 234 00:13:10,880 --> 00:13:15,240 Speaker 1: arrol comex gold little change down ten cents nine eight announced. 235 00:13:15,320 --> 00:13:17,640 Speaker 1: The euro one point one zero five four against the dollar. 236 00:13:17,920 --> 00:13:19,880 Speaker 1: The pound at one point three one four six the 237 00:13:20,000 --> 00:13:23,280 Speaker 1: end one nineteen point to one. Quick check a bitcoin, 238 00:13:23,360 --> 00:13:25,960 Speaker 1: it's a touch higher at forty one four hundred dollars. 239 00:13:26,120 --> 00:13:28,480 Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with 240 00:13:28,520 --> 00:13:31,720 Speaker 1: more on what's going on around the world. Michael Nathan, 241 00:13:31,760 --> 00:13:34,560 Speaker 1: thank you very much. Chinese media reports of Boeing seven 242 00:13:34,679 --> 00:13:37,960 Speaker 1: thirty seven n G carrying a hundred thirty two people 243 00:13:38,000 --> 00:13:42,200 Speaker 1: has crashed in southwestern China. Radar tracking from flight Radar 244 00:13:42,280 --> 00:13:45,640 Speaker 1: twenty four shows that China Eastern Airlines flight took a 245 00:13:45,720 --> 00:13:48,480 Speaker 1: steep descent as it was headed toward the province of 246 00:13:48,480 --> 00:13:53,000 Speaker 1: guang Shu. Chinese State TV says a rescue team has 247 00:13:53,080 --> 00:13:57,160 Speaker 1: assembled and is approaching the site. Ukrainian officials have definantly 248 00:13:57,160 --> 00:14:00,320 Speaker 1: rejected a Russian demand at their forces in mary Opal 249 00:14:00,720 --> 00:14:03,640 Speaker 1: lay down arms and raised white flags in exchange for 250 00:14:03,679 --> 00:14:06,679 Speaker 1: safe passage. The Senate Judiciary Committee is set to begin 251 00:14:06,760 --> 00:14:10,520 Speaker 1: It's His Story confirmation hearings for Judge Katangi Brown Jackson. 252 00:14:10,840 --> 00:14:12,839 Speaker 1: The fifty one year old federal judge, would be the 253 00:14:12,880 --> 00:14:16,320 Speaker 1: first black woman on the Supreme Court. In college basketball, 254 00:14:16,360 --> 00:14:18,800 Speaker 1: the Man's n C double A Sweet sixteen is set. 255 00:14:19,160 --> 00:14:22,360 Speaker 1: Duke Kansas and Villanova advance. Yesterday in the NBA, the 256 00:14:22,400 --> 00:14:25,440 Speaker 1: Knicks and Warriors lost. The Celtics won in the NHL, 257 00:14:25,480 --> 00:14:28,920 Speaker 1: the Rangers won, the Islanders and Capitals lost. Global news 258 00:14:28,960 --> 00:14:32,080 Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake, 259 00:14:32,320 --> 00:14:35,160 Speaker 1: powered by more than twenty seven hundred journalists and analysts 260 00:14:35,240 --> 00:14:37,760 Speaker 1: more than a hundred twenty countries. Michael Barr and this 261 00:14:37,880 --> 00:14:40,360 Speaker 1: is Bloomberg John, Michael, thank you, coming up on six 262 00:14:41,080 --> 00:14:44,359 Speaker 1: Wall Street. We are live from the Bloomberg Intanto Brokers Studios. 263 00:14:44,400 --> 00:14:48,480 Speaker 1: This is Bloomberg Daybreak. As we've been telling you, we 264 00:14:48,600 --> 00:14:52,240 Speaker 1: have reports of a commercial passenger jet crash in China. 265 00:14:52,680 --> 00:14:55,520 Speaker 1: Late breaking, still developing story. Let's find out what we 266 00:14:55,600 --> 00:14:58,480 Speaker 1: know right now from Bloomberg's Will Davies in Hong Kong, 267 00:14:58,680 --> 00:15:02,800 Speaker 1: who's following the bury late. What details can you impart 268 00:15:02,880 --> 00:15:07,120 Speaker 1: to us right now, Will, John? Yeah, yeah, we still 269 00:15:07,120 --> 00:15:11,240 Speaker 1: haven't developing. Still situation, that's unclear. What caused the cat 270 00:15:11,440 --> 00:15:13,280 Speaker 1: the crash. It went the plane went down in a 271 00:15:13,320 --> 00:15:17,360 Speaker 1: sort of wooded mountainous area. There is footage emerging on 272 00:15:17,560 --> 00:15:22,840 Speaker 1: social media and China sharing the hillside in flames. The 273 00:15:22,840 --> 00:15:25,560 Speaker 1: plane was carrying and thirty two people that's hung in 274 00:15:25,600 --> 00:15:28,640 Speaker 1: twenty three passages and nine crew. It was heading towards 275 00:15:28,640 --> 00:15:32,880 Speaker 1: Guangzhou in the south, a big manufacturing city, one of 276 00:15:32,920 --> 00:15:35,320 Speaker 1: China's biggest cities, and it was flying from Kummin, which 277 00:15:35,360 --> 00:15:38,600 Speaker 1: the capital of Yunnan Province in the southwest of the country. 278 00:15:39,480 --> 00:15:43,360 Speaker 1: China Eastern was the air airline that's one of China's 279 00:15:43,360 --> 00:15:48,040 Speaker 1: big biggest carriers, but based out of Shanghai. Um You know, 280 00:15:48,080 --> 00:15:51,720 Speaker 1: it's a major state run carrier. So we haven't heard 281 00:15:51,720 --> 00:15:54,480 Speaker 1: from them. They haven't made an announcement officially. I think 282 00:15:54,480 --> 00:15:58,800 Speaker 1: they've acknowledged m the crash has taken place, but obviously 283 00:15:58,880 --> 00:16:01,400 Speaker 1: they haven't come up with us. And yet they're sending 284 00:16:01,400 --> 00:16:04,360 Speaker 1: a team down and President hues into in just issuing 285 00:16:04,400 --> 00:16:08,840 Speaker 1: some comments now urging an investigation to find out what 286 00:16:09,120 --> 00:16:11,600 Speaker 1: caused this crash. What do we know about the Boeing 287 00:16:11,640 --> 00:16:16,400 Speaker 1: model that's involved. How does that differ from the Max? Uh, Yeah, 288 00:16:16,400 --> 00:16:19,080 Speaker 1: it's a proceding model to the MAX. So the seven 289 00:16:19,120 --> 00:16:22,880 Speaker 1: eight hundred next GM, it's uh, it's got a good 290 00:16:22,920 --> 00:16:28,040 Speaker 1: safety reputation. Um the Max isn't allowed to commercially, hasn't 291 00:16:28,040 --> 00:16:31,760 Speaker 1: been fully authorized the return to commercial service in China, 292 00:16:31,880 --> 00:16:34,400 Speaker 1: So this is the model before that, and it had 293 00:16:34,440 --> 00:16:38,440 Speaker 1: one of a good safety record. I think Bowie said 294 00:16:38,600 --> 00:16:41,040 Speaker 1: in twos and eighteen. Around that time there have only 295 00:16:41,040 --> 00:16:43,320 Speaker 1: eight Taple actidents involving that model out of more than 296 00:16:43,360 --> 00:16:46,880 Speaker 1: seven thousand of those aircrafts sold. But that's actually a 297 00:16:46,880 --> 00:16:50,320 Speaker 1: matter of tragedy. It looks it looks that way for sure. 298 00:16:50,840 --> 00:16:53,960 Speaker 1: Um and it's bad news for Bowing as well as 299 00:16:53,960 --> 00:16:56,560 Speaker 1: their share Pope looks to be dropping pretty fast in 300 00:16:57,160 --> 00:17:01,480 Speaker 1: pre market. Yeah, and Bowing has not had a very 301 00:17:01,480 --> 00:17:06,000 Speaker 1: smooth riot again. China in terms of the aviation regulators 302 00:17:06,040 --> 00:17:09,560 Speaker 1: there has it. Yeah, I mean, there was progress made 303 00:17:09,640 --> 00:17:13,280 Speaker 1: towards the un grounding of the Max. Most other markets 304 00:17:13,320 --> 00:17:16,080 Speaker 1: around the world of the term the Max to the sky, 305 00:17:16,280 --> 00:17:18,520 Speaker 1: the China which is the first to ground in March 306 00:17:18,960 --> 00:17:23,600 Speaker 1: nineteen after the crash in Ethiopia. That's it's still remains 307 00:17:23,640 --> 00:17:26,720 Speaker 1: grounded commercially anyway, There's been some test flights and it 308 00:17:26,840 --> 00:17:29,440 Speaker 1: was looking like that it could be. I mean, they've 309 00:17:29,440 --> 00:17:31,560 Speaker 1: given the initial approval for it to return, but it 310 00:17:31,640 --> 00:17:34,920 Speaker 1: hadn't entered back into commercial service yet. So and there's 311 00:17:34,960 --> 00:17:37,639 Speaker 1: various complications that have added to delayed. You know, the 312 00:17:37,840 --> 00:17:41,359 Speaker 1: trade disputed between the US and China. UM, so the 313 00:17:41,400 --> 00:17:45,159 Speaker 1: relationship between the two countries wasn't having the particularly smooth 314 00:17:45,240 --> 00:17:48,679 Speaker 1: for several years, and their China is a huge market 315 00:17:48,840 --> 00:17:53,159 Speaker 1: for Boy, so they've had a tough time trying to 316 00:17:53,200 --> 00:17:54,840 Speaker 1: get the Max back in the air and it was 317 00:17:54,920 --> 00:17:56,880 Speaker 1: just looking you know, it could have been a matter 318 00:17:56,920 --> 00:17:59,640 Speaker 1: of weeks that it was going to return to commercial 319 00:17:59,680 --> 00:18:02,159 Speaker 1: service US. But I'm not sure how this will impact that. 320 00:18:02,840 --> 00:18:07,600 Speaker 1: What's the safety record of the airline involved, do we know? Yeah? 321 00:18:07,600 --> 00:18:10,159 Speaker 1: I mean China's got well sunny in recent decades, a 322 00:18:10,240 --> 00:18:13,280 Speaker 1: good good safety record. It's a trout of its recorded 323 00:18:14,000 --> 00:18:16,439 Speaker 1: and flying China Eastern, like I said, one of the 324 00:18:16,480 --> 00:18:21,679 Speaker 1: main state run carriers. It's hadn't had a crash since 325 00:18:22,160 --> 00:18:25,439 Speaker 1: two thousand four. Fatal crash anywhere in the last rate 326 00:18:25,520 --> 00:18:28,720 Speaker 1: of crash in China was twelve years ago in twenty ten, 327 00:18:28,880 --> 00:18:33,439 Speaker 1: so it's had a good record of aviation safety in China. 328 00:18:34,720 --> 00:18:37,760 Speaker 1: Bloomberg's Will Davies joining us from Hong Kong this morning. Will, 329 00:18:37,760 --> 00:18:41,480 Speaker 1: thanks for the update. Appreciated again. Boeing seven thirty seven, 330 00:18:41,600 --> 00:18:45,680 Speaker 1: eight hundred n G next generation plane operated by China 331 00:18:45,760 --> 00:18:50,160 Speaker 1: Eastern Airlines crashed in the southwestern Chinese province that they 332 00:18:50,560 --> 00:18:54,040 Speaker 1: well onety two people on board. One hundred and twenty 333 00:18:54,080 --> 00:18:58,640 Speaker 1: three passengers and nine crew members. It is six twenty 334 00:18:58,760 --> 00:19:02,280 Speaker 1: four on Bloomberg. This is Bloomberg Daybreak. We shift our 335 00:19:02,280 --> 00:19:04,600 Speaker 1: attention out of the war in Ukraine. The fighting and 336 00:19:04,720 --> 00:19:09,000 Speaker 1: evacuations have led to the humanitarian crisis. The flood of 337 00:19:09,040 --> 00:19:13,600 Speaker 1: refugees continues into Europe, and Bloomberg's Agge Cantrell joins us 338 00:19:13,680 --> 00:19:17,240 Speaker 1: this morning reporting from the u n World Food Program 339 00:19:17,359 --> 00:19:21,000 Speaker 1: depot in Poland. And correctly, if I'm wrong, Aggie, but 340 00:19:21,040 --> 00:19:25,200 Speaker 1: it's one gigantic warehouse there. What's what's the situation on 341 00:19:25,320 --> 00:19:30,280 Speaker 1: the ground. Yes, so it's a really massive warehouse here 342 00:19:30,320 --> 00:19:32,760 Speaker 1: that's currently being used by both the U n a 343 00:19:32,880 --> 00:19:36,040 Speaker 1: c R and the World Food Program in order to 344 00:19:36,119 --> 00:19:40,080 Speaker 1: ship out supplies to Ukraine. I've been speaking to people 345 00:19:40,080 --> 00:19:42,920 Speaker 1: here saying that um the U n a c R 346 00:19:43,040 --> 00:19:46,480 Speaker 1: Is providing everything from betting to solar lamps for people 347 00:19:46,760 --> 00:19:49,320 Speaker 1: on the ground. Because it's really important to remember that 348 00:19:49,800 --> 00:19:51,800 Speaker 1: in lots of parts of Ukraine right now, there is 349 00:19:51,840 --> 00:19:55,280 Speaker 1: a complete lack of critical infrastructure, and cities like Mariopol, 350 00:19:55,400 --> 00:19:59,440 Speaker 1: which we've heard is been under bombardment since March second, 351 00:20:00,000 --> 00:20:03,840 Speaker 1: we've been seeing uh many people without food without water, 352 00:20:04,080 --> 00:20:07,000 Speaker 1: and so this is a direct humanitarian crisis as well 353 00:20:07,080 --> 00:20:10,800 Speaker 1: as war. Hey can the aggressor in this case, Russia 354 00:20:10,880 --> 00:20:17,800 Speaker 1: distinguished between shipments of critical supplies humanitarian aid and arms supplies. 355 00:20:20,160 --> 00:20:22,080 Speaker 1: Things you need to notice start your day. Brought to 356 00:20:22,119 --> 00:20:26,120 Speaker 1: you by Interactive Brokers. Interactive Brokers charges margin loan rates 357 00:20:26,160 --> 00:20:28,440 Speaker 1: from zero point seven five to one point five eight 358 00:20:28,480 --> 00:20:31,800 Speaker 1: percent rates subject to change. Learn more at ib kr 359 00:20:31,920 --> 00:20:35,160 Speaker 1: dot com slash compare. We'll begin with the breaking news 360 00:20:35,200 --> 00:20:37,920 Speaker 1: out of Asia. As we just heard from Bloomberg's Will Davies, 361 00:20:37,960 --> 00:20:40,879 Speaker 1: there are reports of a commercial plane crash in China. 362 00:20:41,119 --> 00:20:43,639 Speaker 1: Bloomberg's Michael bar joins US Live with the very latest. 363 00:20:43,640 --> 00:20:47,280 Speaker 1: Good morning, Michael, Good morning Nathan. Chinese media reports Boeing 364 00:20:47,480 --> 00:20:51,960 Speaker 1: seven thirty seven en G carrying on two people, as 365 00:20:52,000 --> 00:20:56,080 Speaker 1: crashed in southwestern China. Radar tracking from flight Radar four 366 00:20:56,440 --> 00:20:59,719 Speaker 1: shows that China Eastern Airlines flight took a steep descent 367 00:21:00,240 --> 00:21:03,480 Speaker 1: as it was headed toward the province of Guangzhou. The 368 00:21:03,520 --> 00:21:06,600 Speaker 1: New York Times says local officials saw flames and smoke 369 00:21:06,720 --> 00:21:10,080 Speaker 1: rising from the hillside in the area. Chinese state televisions 370 00:21:10,080 --> 00:21:12,919 Speaker 1: as a rescue team as assembled and as approaching the 371 00:21:12,960 --> 00:21:16,760 Speaker 1: side live in New York. I'm Michael Barr Bloomberg Digger, Michael, 372 00:21:16,760 --> 00:21:19,000 Speaker 1: thank you. We now turned to the latest developments on 373 00:21:19,040 --> 00:21:22,200 Speaker 1: the war in Europe. Ukraine rejecting Russian demand that its 374 00:21:22,200 --> 00:21:25,679 Speaker 1: forces lay down their arms and lead Maripol. More taunts 375 00:21:25,760 --> 00:21:31,120 Speaker 1: expanded later today. Yesterday, Ukraine's President philadimir's Lensky addressed Israel's parliament, 376 00:21:31,560 --> 00:21:38,320 Speaker 1: calling out hesitancy to provide military aid and join international sanctions. 377 00:21:39,359 --> 00:21:41,919 Speaker 1: Could you explain why we are still appealing to the 378 00:21:41,960 --> 00:21:45,679 Speaker 1: world in many countries appealing to you for help. Is 379 00:21:45,720 --> 00:21:50,359 Speaker 1: it in different calculation or mediation? Without choosing side, I 380 00:21:50,480 --> 00:21:52,920 Speaker 1: leave it to you to choose the answer to this question. 381 00:21:53,280 --> 00:21:57,240 Speaker 1: I only note one thing that in different kills. Ukrainian 382 00:21:57,280 --> 00:22:01,199 Speaker 1: President Zolensky renewing his offer to negotiate with Vladimir Putin 383 00:22:01,480 --> 00:22:05,240 Speaker 1: and ape Zelinsky says Moscow has started using more destructive 384 00:22:05,359 --> 00:22:09,320 Speaker 1: artillery in its attacks, but that artillery includes hypersonic missiles. 385 00:22:09,400 --> 00:22:12,000 Speaker 1: John and analysts say that marks a shift in strategy, 386 00:22:12,040 --> 00:22:15,600 Speaker 1: with Russia using more air power as its ground campaign stalls. 387 00:22:15,920 --> 00:22:18,920 Speaker 1: Lloyd Austin is the U S Defense Secretary. I would 388 00:22:18,920 --> 00:22:22,520 Speaker 1: not see it as a game changer. I think again, 389 00:22:22,560 --> 00:22:26,320 Speaker 1: the reason that he's resorting to using these types of 390 00:22:26,359 --> 00:22:30,240 Speaker 1: weapons is because he's trying to re establish some momentum. 391 00:22:30,359 --> 00:22:33,040 Speaker 1: Secretary Defense Lloyd Austin made the comments on Face the 392 00:22:33,119 --> 00:22:36,520 Speaker 1: Nation from CBS, heard Sundays on Bloomberg Radio and coming 393 00:22:36,600 --> 00:22:39,280 Speaker 1: up today, President by the space with European leaders ahead 394 00:22:39,320 --> 00:22:41,920 Speaker 1: of his trip to the continent this week. Senior US 395 00:22:42,000 --> 00:22:44,960 Speaker 1: officials also meet with executives from ex On Mobile, JP 396 00:22:45,119 --> 00:22:48,400 Speaker 1: Morgan and other firms to discuss the impact of sanctions, 397 00:22:48,560 --> 00:22:50,600 Speaker 1: and traders are also looking out for a speech today 398 00:22:50,600 --> 00:22:53,040 Speaker 1: from FED Chair J. Powell. He will make remarks and 399 00:22:53,119 --> 00:22:56,400 Speaker 1: answer questions at an economics conference in Washington. Will bring 400 00:22:56,440 --> 00:22:59,680 Speaker 1: that to you live around one pm Eastern time. And 401 00:22:59,720 --> 00:23:01,880 Speaker 1: that's five things you need to notice start your day. 402 00:23:02,359 --> 00:23:05,720 Speaker 1: Brought to you by Interactive Brokers. SMP futures are now 403 00:23:05,760 --> 00:23:08,600 Speaker 1: down ten points, Stown futures down a hundred forty, NASTAC 404 00:23:08,680 --> 00:23:11,720 Speaker 1: futures lower by fifty seven points ten. Your treasury is 405 00:23:11,760 --> 00:23:14,520 Speaker 1: down eight thirty seconds. The yield two point one seven percent, 406 00:23:14,600 --> 00:23:17,280 Speaker 1: yield on the two year note one point nine seven percent. 407 00:23:17,720 --> 00:23:19,600 Speaker 1: Nime X screwed is up three point nine percent of 408 00:23:19,680 --> 00:23:21,920 Speaker 1: four dollars twelve cents at a hundred eight dollars eighty 409 00:23:21,920 --> 00:23:24,600 Speaker 1: two cents of barrel comics gold down two tenths percent, 410 00:23:24,600 --> 00:23:27,480 Speaker 1: down three dollars thirty cents at nineteen thirty sixty announced, 411 00:23:27,680 --> 00:23:29,640 Speaker 1: and the euro is at one point one zero five 412 00:23:29,720 --> 00:23:32,480 Speaker 1: zero against the dollar. Straight ahead local headlines in the 413 00:23:32,560 --> 00:23:40,000 Speaker 1: check of sports. This is Bloomberg. Nathan thanks sixty three 414 00:23:40,040 --> 00:23:42,160 Speaker 1: on Wall Streets, hands sound to bring in Michael barn 415 00:23:42,240 --> 00:23:44,000 Speaker 1: to tell us what else is going on in New 416 00:23:44,080 --> 00:23:46,840 Speaker 1: York hand around the world, John, thank you very much. 417 00:23:46,880 --> 00:23:50,240 Speaker 1: There are the confirmation hearings for President Biden's first Supreme 418 00:23:50,280 --> 00:23:53,840 Speaker 1: Court nominee or schedule to get underway today. Judd Katon G. 419 00:23:54,119 --> 00:23:56,480 Speaker 1: Brown Jackson, who is the first black woman to be 420 00:23:56,600 --> 00:24:00,119 Speaker 1: nominated to the Supreme Court. Republican Senator John barrass So 421 00:24:00,480 --> 00:24:03,200 Speaker 1: we're going to have a fair process and a respectful process, 422 00:24:03,480 --> 00:24:07,840 Speaker 1: unlike what the Democrats did to Justice Capitaugh. Republican Senator 423 00:24:07,920 --> 00:24:11,399 Speaker 1: Josh Holly last week tried to discredit Jackson in a 424 00:24:11,400 --> 00:24:15,720 Speaker 1: barrage of tweets, saying she was soft on crime. Democratic 425 00:24:15,760 --> 00:24:18,760 Speaker 1: Senator Dick Durbin says that Holly's claims have been fact 426 00:24:18,880 --> 00:24:23,080 Speaker 1: checked and discredited, saying Holly's base is far from centrist. 427 00:24:23,280 --> 00:24:26,920 Speaker 1: He's part of a fringe within the Republican Party. This 428 00:24:27,000 --> 00:24:29,720 Speaker 1: was the man who was fist bumping the murderous mob 429 00:24:29,800 --> 00:24:33,440 Speaker 1: that descended on the Capitol. Senators Durbin and Barasso spoke 430 00:24:33,560 --> 00:24:35,520 Speaker 1: on a d c S this week, which can be 431 00:24:35,560 --> 00:24:39,200 Speaker 1: heard Sundays on Bloomberg. We're learning that Justice Clarence Thomas 432 00:24:39,680 --> 00:24:43,800 Speaker 1: was hospitalized with flu like symptoms and treated with antibiotics 433 00:24:43,800 --> 00:24:46,560 Speaker 1: for an infection. The Supreme Court said the seventy three 434 00:24:46,640 --> 00:24:50,200 Speaker 1: year old justices symptoms have eased and he is resting comfortably. 435 00:24:50,760 --> 00:24:54,200 Speaker 1: Even with COVID cases down, US health officials said they're 436 00:24:54,240 --> 00:24:58,040 Speaker 1: expecting more cases with the new B A two variant, 437 00:24:58,080 --> 00:25:01,880 Speaker 1: though a large surge is unlikely. Dr Anthony Fauci says, well, 438 00:25:01,920 --> 00:25:04,919 Speaker 1: the B A two symptoms are not typically severe. It 439 00:25:05,040 --> 00:25:08,320 Speaker 1: is even more contagious than it's O macron predecessor. It's 440 00:25:08,359 --> 00:25:13,720 Speaker 1: about fifty or so more transmissible, which means ultimately, over 441 00:25:13,840 --> 00:25:17,440 Speaker 1: time it might take over as the dominant variant. Dr 442 00:25:17,480 --> 00:25:20,879 Speaker 1: Anthony Fauci. There have been more than seventy nine million 443 00:25:20,960 --> 00:25:23,720 Speaker 1: cases of COVID in the US alone and more than 444 00:25:24,000 --> 00:25:28,560 Speaker 1: nine deaths. The U. S. Marine Corps identified the four 445 00:25:28,600 --> 00:25:32,240 Speaker 1: Marines who died when their Osprey aircraft crashed Friday night 446 00:25:32,600 --> 00:25:35,199 Speaker 1: in the Norwegian town in the Arctic Circle during an 447 00:25:35,240 --> 00:25:38,880 Speaker 1: ATO exercise. All four were out of Marine Corps air 448 00:25:38,920 --> 00:25:41,960 Speaker 1: Station New River, North Carolina. The cause of the crash 449 00:25:42,000 --> 00:25:45,600 Speaker 1: remains under investigation. Global News twenty four hours a day 450 00:25:45,680 --> 00:25:48,840 Speaker 1: on air and on Bloomberg Quicktake, powered by more than 451 00:25:48,920 --> 00:25:52,160 Speaker 1: twenty seven hundred journalists analyists more than a hundred twenty countries. 452 00:25:52,520 --> 00:25:55,280 Speaker 1: Michael Barr and this is Bloomberg, John, Michael, thank you, 453 00:26:00,119 --> 00:26:02,760 Speaker 1: six thirty five Wall Street Time. Then for the Bloomberg 454 00:26:02,880 --> 00:26:05,760 Speaker 1: Sports update, here's John Stashwer. Thanks John. The n C 455 00:26:05,840 --> 00:26:09,680 Speaker 1: Double A Tournament Sweet sixteen includes three one seeds, two twos, 456 00:26:09,720 --> 00:26:12,439 Speaker 1: two threes, and three fours. But it wasn't easy for 457 00:26:12,480 --> 00:26:14,800 Speaker 1: many of the favors. Certainly not for top seed Arizona, 458 00:26:14,840 --> 00:26:17,440 Speaker 1: who needed over time to get by t c U, 459 00:26:17,680 --> 00:26:20,000 Speaker 1: or for Duke who beat Michigan State e D five 460 00:26:20,200 --> 00:26:22,760 Speaker 1: seventy six. It was closer than that. Blue Devils pulled 461 00:26:22,760 --> 00:26:25,680 Speaker 1: away late in the wind, means Mike Kazevski's coaching career 462 00:26:25,760 --> 00:26:29,080 Speaker 1: not over yet. Duke now plays Texas Tech Perdue. Beat 463 00:26:29,160 --> 00:26:32,280 Speaker 1: Texas Perdue was up next for St. Peter's The Cinderella 464 00:26:32,320 --> 00:26:35,560 Speaker 1: Pea Cops could have plenty of fans support Friday's games. 465 00:26:35,600 --> 00:26:38,359 Speaker 1: Just down the road from Jersey City in Philadelphia. Wins 466 00:26:38,440 --> 00:26:40,920 Speaker 1: last night for Miami at Iowa States, and they'll play 467 00:26:40,960 --> 00:26:43,240 Speaker 1: each other on Friday. That means a double digit seed 468 00:26:43,359 --> 00:26:46,359 Speaker 1: is guaranteed of being in the Elite eight. The next 469 00:26:46,359 --> 00:26:48,760 Speaker 1: SLIMP playoff hopes took a hit, beaten by Utah at 470 00:26:48,760 --> 00:26:51,000 Speaker 1: the Garden. One of the eight nine three. Donovan Mitchell 471 00:26:51,040 --> 00:26:53,680 Speaker 1: scored thirty six points. Ardre Berry had twenty four. Second 472 00:26:53,680 --> 00:26:57,320 Speaker 1: place Rangers visited first place Carolina. The game was scoreless 473 00:26:57,320 --> 00:27:00,560 Speaker 1: second period. Right just trying to er, but it picks 474 00:27:00,600 --> 00:27:03,520 Speaker 1: back out behind the aplawfing gear to the park morning climb. 475 00:27:03,560 --> 00:27:05,160 Speaker 1: The blue lot gets the back out of the car. 476 00:27:05,280 --> 00:27:08,080 Speaker 1: When the shot the flection and it's scored, it gets 477 00:27:08,680 --> 00:27:12,320 Speaker 1: in front of that. It's Chris Bryder his forty first 478 00:27:12,320 --> 00:27:15,560 Speaker 1: goal of the year, and the Rangers get so one 479 00:27:15,640 --> 00:27:18,879 Speaker 1: could not to lead on just their eighth shot of 480 00:27:18,960 --> 00:27:21,480 Speaker 1: the game. The EPN at the called Frank Retronto. The 481 00:27:21,560 --> 00:27:23,680 Speaker 1: Rangers just picked up last week had an empty netter 482 00:27:23,760 --> 00:27:26,720 Speaker 1: Rangers one to nothing there forty if win forty four 483 00:27:26,760 --> 00:27:29,480 Speaker 1: stays in the shutout for Alex Georgie at Islanders lost 484 00:27:29,520 --> 00:27:31,960 Speaker 1: in Philadelphia to the one in Tampa. Yanks got a 485 00:27:31,960 --> 00:27:34,600 Speaker 1: grand slam from his Waldo Cabrera, but the Tigers with 486 00:27:34,680 --> 00:27:36,360 Speaker 1: four in the ninth one, eight and seven of Seve 487 00:27:36,359 --> 00:27:38,879 Speaker 1: Areno gave up four and so did David Peterson the 488 00:27:38,880 --> 00:27:41,600 Speaker 1: Mets loss of the Cardiners reports it was John stashually 489 00:27:41,640 --> 00:27:44,280 Speaker 1: were Bloombird Sports. John, all right, thanks a lun John, 490 00:27:44,440 --> 00:27:46,760 Speaker 1: and he is now six thirty seven on Wall Street. 491 00:27:46,800 --> 00:27:48,399 Speaker 1: Time to take a look at stocks, some of the 492 00:27:48,560 --> 00:27:51,080 Speaker 1: names that are moving in the pre market. Ever, then 493 00:27:51,119 --> 00:27:54,000 Speaker 1: we're joined by a Bloomberg Radio and TV markets correspondent 494 00:27:54,040 --> 00:27:57,040 Speaker 1: Critty Grouped. Of course, the news out of China certainly 495 00:27:57,040 --> 00:27:59,760 Speaker 1: affecting one of the stocks UH in the pre market 496 00:27:59,760 --> 00:28:02,560 Speaker 1: this morning. It absolutely is you have Boweing shares have 497 00:28:02,680 --> 00:28:05,080 Speaker 1: taken quite a tumble this morning, b as your taker, 498 00:28:05,160 --> 00:28:08,080 Speaker 1: down eight point two percent in the pre market. This, 499 00:28:08,160 --> 00:28:10,800 Speaker 1: of course, to your point, comes after a China Eastern Airlines. 500 00:28:10,880 --> 00:28:13,719 Speaker 1: Boeing seven thirty seven plane was carrying a hundred and 501 00:28:13,760 --> 00:28:17,440 Speaker 1: thirty two people crashed in china southwestern province of Guangshi. 502 00:28:17,960 --> 00:28:21,359 Speaker 1: Important to keep in mind here for Bowing investors of 503 00:28:21,440 --> 00:28:23,240 Speaker 1: bears and bulls is that this is not a seven 504 00:28:23,280 --> 00:28:25,840 Speaker 1: thirty seven Max, so this does not go to the 505 00:28:25,880 --> 00:28:29,120 Speaker 1: issues that they have had previously. Nevertheless, the next gen 506 00:28:29,359 --> 00:28:33,280 Speaker 1: N I believe, so which is the predecess I've preceded 507 00:28:33,320 --> 00:28:36,200 Speaker 1: the max right exactly. Um so be A once again 508 00:28:36,240 --> 00:28:39,560 Speaker 1: down eight percent, but it's also affecting UH the Chinese 509 00:28:39,600 --> 00:28:41,840 Speaker 1: Eastern Airlines A d R, so those are down some 510 00:28:41,960 --> 00:28:45,080 Speaker 1: sixteen percent. The ticker there's just C E A and 511 00:28:45,120 --> 00:28:47,760 Speaker 1: then you have the airlines also dropping in tandem. No 512 00:28:47,840 --> 00:28:50,560 Speaker 1: surprise there. When Boeing drops, the airlines tend to follow. 513 00:28:50,680 --> 00:28:53,000 Speaker 1: United U A L is your taker down four point 514 00:28:53,000 --> 00:28:56,600 Speaker 1: four percent, Southwest as well, LUVS your taker there down 515 00:28:56,640 --> 00:28:59,920 Speaker 1: four percent. Of course, American A L down two point 516 00:29:00,160 --> 00:29:02,600 Speaker 1: nine percent out of really we're seeing in the last 517 00:29:02,680 --> 00:29:07,000 Speaker 1: in the top six stocks two through six are all 518 00:29:07,040 --> 00:29:09,160 Speaker 1: airline related, so you can really see that this is 519 00:29:09,400 --> 00:29:11,560 Speaker 1: a pretty big weight when it comes to what's dropping 520 00:29:11,560 --> 00:29:14,640 Speaker 1: in the pre market. Um Warren Buffett was in the 521 00:29:14,640 --> 00:29:16,880 Speaker 1: news this morning. They were making I guess it's an 522 00:29:16,880 --> 00:29:20,640 Speaker 1: insurance acquisition. It looks like it. Alleghany. I believe it's 523 00:29:20,640 --> 00:29:25,480 Speaker 1: how you propose it, Alleghany from Pennsylvania. I tried, I'm 524 00:29:25,480 --> 00:29:28,680 Speaker 1: from Texas, man. We don't we don't have that For 525 00:29:28,760 --> 00:29:31,720 Speaker 1: eleven point six billion dollars in calfs. The ticker is 526 00:29:31,800 --> 00:29:35,560 Speaker 1: just why up six percent in pre market, especially even 527 00:29:35,600 --> 00:29:39,160 Speaker 1: though it's Alleghany, you know which was legion to believe, Pennsylvania, 528 00:29:39,840 --> 00:29:43,240 Speaker 1: Alleghany Mountains. It's a New York based company. Oh, this 529 00:29:43,320 --> 00:29:46,479 Speaker 1: is a lot of North Northeastern Seaboard knowledge I do 530 00:29:46,560 --> 00:29:49,360 Speaker 1: not have. But thank god for John Tucker for that insight. 531 00:29:49,520 --> 00:29:50,920 Speaker 1: We should get to some of the other deal news 532 00:29:51,000 --> 00:29:53,800 Speaker 1: this morning is also dropping stocks and Nielsen Holdings n 533 00:29:54,040 --> 00:29:57,760 Speaker 1: l s n as your Taker, down six after rejecting 534 00:29:57,760 --> 00:30:00,760 Speaker 1: an acquisition proposal from a p E company. If I 535 00:30:00,760 --> 00:30:02,920 Speaker 1: had the company at twenty five dollars and forty cents 536 00:30:02,920 --> 00:30:06,200 Speaker 1: a share, a price that Nielsen says doesn't adequately compensate 537 00:30:06,240 --> 00:30:09,680 Speaker 1: shareholders for Nielsen's growth prospects, never the one it Nevertheless, 538 00:30:09,720 --> 00:30:11,520 Speaker 1: investors seemed to in the pre market. I think they 539 00:30:11,560 --> 00:30:13,680 Speaker 1: should have taken the deal once again. N L S 540 00:30:13,840 --> 00:30:16,600 Speaker 1: N down. I'm gonna throw one more at you here 541 00:30:16,960 --> 00:30:19,120 Speaker 1: and a plan p l A and as your taker 542 00:30:19,200 --> 00:30:22,560 Speaker 1: soaring twenty seven percent after tom A Bravo agreed to 543 00:30:22,560 --> 00:30:25,200 Speaker 1: acquire it in a deal value to ten point seven 544 00:30:25,240 --> 00:30:28,360 Speaker 1: billion dollars. Just another deal to keep your eye on. 545 00:30:28,720 --> 00:30:32,719 Speaker 1: Deal news merger Monday. Right okay, Crety, thanks a lot, 546 00:30:32,800 --> 00:30:35,960 Speaker 1: appreciate it, uh. Bloomberg TV Market Scorres bought a Cretty 547 00:30:36,000 --> 00:30:38,000 Speaker 1: Gupta And as we look at the markets right now 548 00:30:38,320 --> 00:30:42,360 Speaker 1: ahead of the cash open on Wall Street after yesterday 549 00:30:42,640 --> 00:30:45,479 Speaker 1: last week's surge, this morning future is in the kid 550 00:30:45,520 --> 00:30:47,600 Speaker 1: a lower open on Wall Street. We have down futures 551 00:30:47,680 --> 00:30:50,720 Speaker 1: right now one and forty nine points lower, that's down 552 00:30:50,720 --> 00:30:54,280 Speaker 1: four tenths of a percent. The smp E mini futures 553 00:30:54,840 --> 00:30:57,360 Speaker 1: they're down twelve points, that's down three tenths of a percent. 554 00:30:57,520 --> 00:31:00,680 Speaker 1: And then as day Kemmuny futures sixty one points lower. 555 00:31:01,320 --> 00:31:03,120 Speaker 1: And we're being brought to you by the Jewish Communital 556 00:31:03,160 --> 00:31:05,880 Speaker 1: Fonts j CPS donor Advised fund. The smart choice to 557 00:31:05,920 --> 00:31:09,240 Speaker 1: manage your philanthropy, especially in times of prices, make you're 558 00:31:09,280 --> 00:31:13,160 Speaker 1: giving impactful visit j c f n Y dot org. 559 00:31:14,200 --> 00:31:23,120 Speaker 1: This is Bloomberg day Break and the Bloomberg Weather fort 560 00:31:23,160 --> 00:31:26,360 Speaker 1: today from Gary Bass Sunny Skies. The high temperature topping 561 00:31:26,400 --> 00:31:30,360 Speaker 1: out about sixty could see some showers after midnight and tomorrow, 562 00:31:30,480 --> 00:31:38,320 Speaker 1: partly sunning the high again. There's sixty degrees. Markets headlines 563 00:31:38,400 --> 00:31:41,360 Speaker 1: and breaking news twenty four hours a day at Bloomberg 564 00:31:41,440 --> 00:31:44,840 Speaker 1: dot com, the Bloomberg Business at and at Bloomberg Quick Tape. 565 00:31:45,400 --> 00:31:54,400 Speaker 1: He's a Bloomberg Business Flash. I'm Nathan Hagar. Futures are 566 00:31:54,440 --> 00:31:56,600 Speaker 1: on the decline this morning. Let's go right over to 567 00:31:56,720 --> 00:31:59,120 Speaker 1: the First Word breaking news desk for today's morning call 568 00:31:59,200 --> 00:32:01,960 Speaker 1: with Bill Maloney. Good morning Bill, Hey, good morning Nathan. 569 00:32:02,040 --> 00:32:03,920 Speaker 1: That's right. US features are in the red right now. 570 00:32:04,000 --> 00:32:06,520 Speaker 1: Aday futures down a hundred and thirty five points, Sapes 571 00:32:06,560 --> 00:32:09,280 Speaker 1: drop nine, while the Nastik futures are off by fifty. 572 00:32:09,680 --> 00:32:12,200 Speaker 1: The US ten year old at two point one eight percent, 573 00:32:12,320 --> 00:32:15,400 Speaker 1: Gold is up three, Oil is climbing, but bitcoin is 574 00:32:15,440 --> 00:32:18,640 Speaker 1: a little changed. RPM markets are quiet this morning, and 575 00:32:18,760 --> 00:32:21,600 Speaker 1: back in the US on the economic Frinday thirty, Chicago 576 00:32:21,760 --> 00:32:24,080 Speaker 1: fed in deal News, Berkshire Hath the Way to buy 577 00:32:24,080 --> 00:32:27,520 Speaker 1: Allegheny Corp. For eleven point six billion, and another news 578 00:32:27,600 --> 00:32:30,120 Speaker 1: that Bowing is down eight percent pre market after a 579 00:32:30,200 --> 00:32:33,440 Speaker 1: seven thirty seven jet crashed in China. Spirit Aero Systems 580 00:32:33,560 --> 00:32:36,600 Speaker 1: is also down eight percent pre market. Wrapping things up, 581 00:32:36,640 --> 00:32:39,000 Speaker 1: Fortune Brands was called to hold the Jeffreys Air Products 582 00:32:39,080 --> 00:32:41,720 Speaker 1: race to overweight at JAPE and Morgan and BlackBerry is 583 00:32:41,800 --> 00:32:45,920 Speaker 1: raised to sector perform over at RBC Live from the 584 00:32:45,960 --> 00:32:48,960 Speaker 1: first breaking newsscon on Bill Maloney, Nathan Okay, Bill, thanks 585 00:32:49,000 --> 00:32:51,560 Speaker 1: to here live breaking news over your Bloomberg type squawk 586 00:32:51,720 --> 00:32:54,840 Speaker 1: on the terminal s q U A go. That's a 587 00:32:54,840 --> 00:32:57,520 Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on 588 00:32:57,600 --> 00:33:00,320 Speaker 1: what's going on around the world. Michael, they thin, thank 589 00:33:00,360 --> 00:33:04,200 Speaker 1: you very much. Chinese media reports uh Boeing seven thirty 590 00:33:04,280 --> 00:33:08,040 Speaker 1: seven n G carrying one thirty two people as crashed 591 00:33:08,120 --> 00:33:11,840 Speaker 1: in southwestern China. Radar tracking from flight Radar twenty four 592 00:33:11,960 --> 00:33:15,320 Speaker 1: shows the China Eastern Airlines flight took a steep descent 593 00:33:15,440 --> 00:33:17,840 Speaker 1: as it was headed toward the province of guang Show. 594 00:33:18,520 --> 00:33:21,600 Speaker 1: The New York Times says local officials saw flames and 595 00:33:21,680 --> 00:33:24,720 Speaker 1: smoke rising from a hillside in the area. Joe Biden 596 00:33:24,800 --> 00:33:28,120 Speaker 1: will speak with European leaders ahead of the president's trip 597 00:33:28,240 --> 00:33:31,880 Speaker 1: to the continent this week. Meanwhile, showing continued overnight with 598 00:33:31,920 --> 00:33:35,000 Speaker 1: a large shopping center on the outskirts of Kiev, killing 599 00:33:35,040 --> 00:33:38,480 Speaker 1: at least six people. Ukraine has rejected a Russian demand 600 00:33:38,560 --> 00:33:41,800 Speaker 1: for its forces to lay down their arms and leave Mariople. 601 00:33:42,560 --> 00:33:45,360 Speaker 1: In college basketball, de Men's NZ double a Sweet sixteen 602 00:33:45,440 --> 00:33:49,080 Speaker 1: is set. Duke Kansas and Villanova advanced. Yesterday in the NBA, 603 00:33:49,160 --> 00:33:52,120 Speaker 1: the Knicks and Warriors lost, The Celtics won. In the NHL, 604 00:33:52,160 --> 00:33:56,040 Speaker 1: the Rangers won, the Islanders and Capitals lost. Global News 605 00:33:56,120 --> 00:33:59,240 Speaker 1: twenty four hours a day on air and on Bloomberg Quickday, 606 00:33:59,480 --> 00:34:02,800 Speaker 1: powered by more than seven hundred journalist analyist and more 607 00:34:02,840 --> 00:34:06,040 Speaker 1: than twenty countries and Michael barr and this is Bloomberg. 608 00:34:06,520 --> 00:34:11,080 Speaker 1: The following commentary is from Bloomberg Opinion. New York City's 609 00:34:11,120 --> 00:34:15,600 Speaker 1: economy still hasn't caught up. I'm Justin Fox, the columnist 610 00:34:15,680 --> 00:34:19,120 Speaker 1: for Bloomberg Opinion. The big job market story of the 611 00:34:19,160 --> 00:34:21,759 Speaker 1: past year in the US has been one of high 612 00:34:21,840 --> 00:34:25,240 Speaker 1: demand for workers and a less cheap and abundant supply 613 00:34:25,360 --> 00:34:28,960 Speaker 1: of labor than employers had gotten used to. Not in 614 00:34:29,040 --> 00:34:32,400 Speaker 1: New York City, where unemployment is almost twice the national 615 00:34:32,560 --> 00:34:35,919 Speaker 1: rate and there's still six percent fewer jobs than before 616 00:34:36,000 --> 00:34:40,000 Speaker 1: the pandemic. How does this square with reports of skyrocketing 617 00:34:40,080 --> 00:34:44,040 Speaker 1: rents and tech workers flocking to the city. Well, New 618 00:34:44,120 --> 00:34:46,960 Speaker 1: York City real estate is weird, and tech workers are 619 00:34:47,080 --> 00:34:49,759 Speaker 1: flocking to the city. There just aren't nearly enough of 620 00:34:49,840 --> 00:34:52,799 Speaker 1: them to make a dent in the overall numbers. Most 621 00:34:52,880 --> 00:34:56,800 Speaker 1: New Yorkers work in less glamorous, lower paid jobs, and 622 00:34:56,880 --> 00:34:59,120 Speaker 1: there are still fewer of those in the city than 623 00:34:59,200 --> 00:35:03,200 Speaker 1: there were before the pandemic. I'm justin Fox. For more opinion, 624 00:35:03,600 --> 00:35:06,719 Speaker 1: please go to Bloomberg dot com, slash Opinion or O 625 00:35:06,880 --> 00:35:09,879 Speaker 1: P I n go on the Bloomberg terminal. This has 626 00:35:09,960 --> 00:35:13,600 Speaker 1: been Bloomberg Opinion. You can hear Bloomberg Opinion commentaries every 627 00:35:13,680 --> 00:35:16,759 Speaker 1: weekday at this time. Terminal customers can read more at 628 00:35:16,880 --> 00:35:19,400 Speaker 1: O P I n go. It is six fifty on 629 00:35:19,480 --> 00:35:21,880 Speaker 1: Wall Street. Let's turn to news and science and technology 630 00:35:21,920 --> 00:35:23,960 Speaker 1: now with the Bloomberg n j I T STEM Report. 631 00:35:24,200 --> 00:35:26,560 Speaker 1: It's brought to you by New Jersey Institute of Technology, 632 00:35:26,680 --> 00:35:29,279 Speaker 1: ranked in the top two percent nationally for alumni mid 633 00:35:29,360 --> 00:35:32,080 Speaker 1: career earnings and number one in the nation for student 634 00:35:32,200 --> 00:35:35,839 Speaker 1: upward economic mobility. More at n j I, T DOT 635 00:35:35,960 --> 00:35:38,600 Speaker 1: E d U now Here's what's making news and science 636 00:35:38,640 --> 00:35:42,000 Speaker 1: technology engineering at MATH. In Hong Kong, the government has 637 00:35:42,040 --> 00:35:45,240 Speaker 1: scrapped some coronavirus travel curves and laid out a roadmap 638 00:35:45,280 --> 00:35:48,600 Speaker 1: to ease social distancing measures. A ban on flights from 639 00:35:48,680 --> 00:35:51,720 Speaker 1: nine countries including the US and UK will be lifted, 640 00:35:52,120 --> 00:35:55,120 Speaker 1: plus the amount of time travelers spend in mandatory hotel 641 00:35:55,239 --> 00:35:58,239 Speaker 1: quarantine will be cut in half. In the UK, Prime 642 00:35:58,280 --> 00:36:00,799 Speaker 1: Minister Boris Johnson is turning to the nuclear and wind 643 00:36:00,920 --> 00:36:04,280 Speaker 1: sectors to try to boost his country's energy security. Johnson 644 00:36:04,400 --> 00:36:06,680 Speaker 1: is meeting with leaders from the nuclear industry today and 645 00:36:06,880 --> 00:36:09,360 Speaker 1: win company CEOs in the coming days. The war in 646 00:36:09,480 --> 00:36:12,560 Speaker 1: Ukraine has caused oil and gas prices to soar, and 647 00:36:12,719 --> 00:36:16,120 Speaker 1: Kuwait is among the hottest places on Earth. In fact, 648 00:36:16,360 --> 00:36:20,120 Speaker 1: the Middle Eastern country reached a scorching temperature of one 649 00:36:20,239 --> 00:36:24,520 Speaker 1: hundred twenty seven points seven degrees fahrenheit. The extremes of 650 00:36:24,600 --> 00:36:28,000 Speaker 1: climate change present existential perils all over the world, but 651 00:36:28,120 --> 00:36:30,400 Speaker 1: the record heat waves that roast to Kuwait each season 652 00:36:30,440 --> 00:36:33,400 Speaker 1: have grown so severe that people increasingly find it unbearable 653 00:36:33,800 --> 00:36:36,120 Speaker 1: by the end of the century. Scientists say being outside 654 00:36:36,160 --> 00:36:38,920 Speaker 1: in Kuwait City could be life threatening, not only to birds. 655 00:36:39,400 --> 00:36:42,560 Speaker 1: A recent study also linked sixty seven percent of heat 656 00:36:42,600 --> 00:36:46,000 Speaker 1: related deaths in Kuwait's capital to climate change. That's the 657 00:36:46,040 --> 00:36:48,719 Speaker 1: Bloomberg n j I T Stem Report. John, all right, 658 00:36:48,760 --> 00:36:51,240 Speaker 1: thanks Nathan. We're live for the Bloomberg in Tranto Broker's 659 00:36:51,239 --> 00:36:55,600 Speaker 1: Studios where E is six fifty two Old Wall Street. Yeah, 660 00:36:55,680 --> 00:36:57,440 Speaker 1: that's time to check what's going on in d C. 661 00:36:58,000 --> 00:37:00,800 Speaker 1: Some of the top stories in our nations capital include 662 00:37:01,120 --> 00:37:04,560 Speaker 1: President Biden speaking with European leaders handed of his trip 663 00:37:04,640 --> 00:37:07,239 Speaker 1: to the continent this week. The White House also meeting 664 00:37:07,280 --> 00:37:10,400 Speaker 1: with Exxon and other firms on the Russia's sanctions and 665 00:37:10,560 --> 00:37:15,080 Speaker 1: Supreme Court confirmation hearings they begin today. Also, Supreme Court 666 00:37:15,160 --> 00:37:19,239 Speaker 1: Justice Clarence Thomas hospitalized with an infection. Let's take a 667 00:37:19,360 --> 00:37:23,440 Speaker 1: deeper dime this morning with Bloomberg Government reporter Emily Wilkins Family. 668 00:37:23,480 --> 00:37:26,920 Speaker 1: Thanks for being with us this morning. Happy Monday. I 669 00:37:27,000 --> 00:37:29,920 Speaker 1: guess it's safe to say the diplomatic efforts on the 670 00:37:30,000 --> 00:37:34,759 Speaker 1: continent or increasing this week, especially with the President Biden's visit, 671 00:37:37,400 --> 00:37:41,879 Speaker 1: and I'm here you there, Yes, doesn't. He is going 672 00:37:41,960 --> 00:37:44,239 Speaker 1: to be attending NATO as well as meeting with other 673 00:37:44,440 --> 00:37:47,279 Speaker 1: European Commission leaders UM. And this is going to be 674 00:37:47,320 --> 00:37:50,120 Speaker 1: coming as the European Union is going to try to 675 00:37:50,320 --> 00:37:53,480 Speaker 1: reinforce the US warning to China that Beijing is going 676 00:37:53,560 --> 00:37:57,520 Speaker 1: to base serious consequences if you trying to uh give 677 00:37:58,160 --> 00:38:02,080 Speaker 1: muscle and notarious or if they wind up trying to 678 00:38:02,160 --> 00:38:04,120 Speaker 1: ease some of the stations that the US has put 679 00:38:04,160 --> 00:38:07,239 Speaker 1: in place on Russia. And the White House also meeting 680 00:38:07,280 --> 00:38:10,000 Speaker 1: with xx On and some other firms on the sanctions. 681 00:38:10,080 --> 00:38:14,160 Speaker 1: What's going to develop in that meeting. So obviously, right now, 682 00:38:14,360 --> 00:38:16,680 Speaker 1: high gas prices are a concern for a lot of 683 00:38:16,719 --> 00:38:19,440 Speaker 1: Americans as well as the Biden administration. They know that 684 00:38:19,560 --> 00:38:22,840 Speaker 1: they're usually tied with how Americans feel about the economy, 685 00:38:23,040 --> 00:38:25,760 Speaker 1: whether you think that's fair or not. UM. So President 686 00:38:25,800 --> 00:38:28,080 Speaker 1: Biden is going to be speaking with the number of 687 00:38:28,160 --> 00:38:32,239 Speaker 1: these companies, UH, including x On, Marathon Petroleum, as well 688 00:38:32,280 --> 00:38:35,200 Speaker 1: as JP Morgan and Bank of America just about what 689 00:38:35,320 --> 00:38:38,160 Speaker 1: we're seeing going on with that war in the brain 690 00:38:38,320 --> 00:38:41,680 Speaker 1: and what the USE is expecting moving forward. UM. The 691 00:38:41,719 --> 00:38:44,359 Speaker 1: Biden administration has tried to encourage some of these gas 692 00:38:44,440 --> 00:38:47,600 Speaker 1: companies to step up their production and increase in prices, 693 00:38:48,040 --> 00:38:50,480 Speaker 1: although at the same point you were Republicans and other 694 00:38:50,560 --> 00:38:55,080 Speaker 1: companies kind of pushed back on the Biden administration and say, hey, 695 00:38:55,280 --> 00:38:57,759 Speaker 1: if you want us to increase production, you need to 696 00:38:58,000 --> 00:39:00,759 Speaker 1: roll back some of your regulations that put on us 697 00:39:01,200 --> 00:39:05,600 Speaker 1: UH as part of president by the screen energy policies. 698 00:39:06,320 --> 00:39:08,600 Speaker 1: You can imagine that Vladimir Putin was hoping that some 699 00:39:08,719 --> 00:39:11,600 Speaker 1: of the world resolve would start to crack at this point, 700 00:39:11,840 --> 00:39:15,560 Speaker 1: Is there any sign of that happening as far as 701 00:39:15,640 --> 00:39:18,560 Speaker 1: what Putin is is thinking. I think that's a little 702 00:39:18,680 --> 00:39:21,399 Speaker 1: unclear to everyone at this point. I think the big 703 00:39:21,480 --> 00:39:24,560 Speaker 1: thing that we're looking at is whether that diplomacy between 704 00:39:24,800 --> 00:39:28,000 Speaker 1: Ukraine and Russia is making any sort of progress. It 705 00:39:28,160 --> 00:39:30,320 Speaker 1: really doesn't seem like it is. I mean, the headlines 706 00:39:30,360 --> 00:39:33,799 Speaker 1: out today is that who went to marlpol and said 707 00:39:33,840 --> 00:39:36,520 Speaker 1: that they needed to, you know, ask them to surrender 708 00:39:36,880 --> 00:39:40,439 Speaker 1: on the individuals. They said, no. Lots of questions about 709 00:39:40,560 --> 00:39:43,319 Speaker 1: what is going to be happening, what if any kind 710 00:39:43,360 --> 00:39:46,120 Speaker 1: of agreement they could come to in regards to what 711 00:39:46,480 --> 00:39:49,279 Speaker 1: crain the teachers with needle, whether they could become as 712 00:39:49,280 --> 00:39:52,800 Speaker 1: sort of a neutral ally like Switzerland or Australia. Talks 713 00:39:52,840 --> 00:39:55,400 Speaker 1: are aren't going there, and there's no clue I think 714 00:39:55,480 --> 00:39:57,480 Speaker 1: this morning whether or not we're going to get some 715 00:39:57,640 --> 00:40:00,600 Speaker 1: agreement in the near future. Let's much to the Hill 716 00:40:00,760 --> 00:40:03,080 Speaker 1: that you have the Supreme Core confirmation hearing set to 717 00:40:03,120 --> 00:40:07,359 Speaker 1: begin today for Catogy Brown Jackson's nomination. Are we going 718 00:40:07,480 --> 00:40:11,799 Speaker 1: to see fireworks? What is expected? Well, today is gonna 719 00:40:11,840 --> 00:40:14,160 Speaker 1: be pretty tame, because today is just going to be 720 00:40:14,280 --> 00:40:17,080 Speaker 1: opening state and state. Well here from the longakers on 721 00:40:17,160 --> 00:40:20,520 Speaker 1: the Judiciary panel as twenty two senators was well, here 722 00:40:20,560 --> 00:40:24,160 Speaker 1: from several individuals who will introduced Judge Jackson as Emily 723 00:40:24,160 --> 00:40:28,000 Speaker 1: will here from Jackson herself. After that, tomorrow, we're gonna 724 00:40:28,040 --> 00:40:30,040 Speaker 1: start moving into the Q and A. That's going to 725 00:40:30,080 --> 00:40:32,640 Speaker 1: be a three day hearing, so certainly a lot that's 726 00:40:32,680 --> 00:40:35,560 Speaker 1: gonna go on there. We've already seen Republicans kind of 727 00:40:35,640 --> 00:40:37,879 Speaker 1: previous some of the attacks that they planned to make. 728 00:40:38,280 --> 00:40:41,440 Speaker 1: They actually planned to start to move beyond just Jackson's 729 00:40:41,480 --> 00:40:44,640 Speaker 1: hearing into their wider messaging for the mid terms, which 730 00:40:44,719 --> 00:40:48,080 Speaker 1: is that they're they're raising concerns that the Biden administration 731 00:40:48,280 --> 00:40:51,560 Speaker 1: is soft on crime. Um to expect that to play 732 00:40:51,600 --> 00:40:55,080 Speaker 1: out a little bit within the hearings. But remember Jackson 733 00:40:55,480 --> 00:40:59,520 Speaker 1: was nominated by this same group of senators just last 734 00:40:59,600 --> 00:41:02,560 Speaker 1: year for spot on the Daz Appeals Court. So many 735 00:41:02,640 --> 00:41:05,480 Speaker 1: of these lawmakers they're million with her. Um. You know, 736 00:41:05,600 --> 00:41:07,640 Speaker 1: number of mem recently learned for her, And at this 737 00:41:07,760 --> 00:41:10,359 Speaker 1: point it does seem like she's going to be able 738 00:41:10,400 --> 00:41:14,719 Speaker 1: to singe that nomination with democratic support. Emily, Thanks very much, 739 00:41:14,760 --> 00:41:18,040 Speaker 1: Bloomberg Government reporter Emily Wilkins. You can read more about 740 00:41:18,040 --> 00:41:20,880 Speaker 1: these stories on Bloomberg dot com or the Bloomberg terminal, 741 00:41:21,320 --> 00:41:23,680 Speaker 1: and you can follow the Latist on Bloomberg, Rady and Washington. 742 00:41:23,719 --> 00:41:25,919 Speaker 1: Bloomberg ninety nine, one on one on five point seven 743 00:41:26,040 --> 00:41:28,640 Speaker 1: f M H D two. Nathan Okay, John, Thanks, It's 744 00:41:28,680 --> 00:41:31,520 Speaker 1: six fifties six on Wall Street. This is Bloomberg Daybreak. 745 00:41:31,920 --> 00:41:34,440 Speaker 1: March is Women's History Month, and every day this month 746 00:41:34,480 --> 00:41:37,440 Speaker 1: we're celebrating significant moments in women's history. And now with 747 00:41:37,520 --> 00:41:41,279 Speaker 1: your installment for March twenty one, here's Bloomberg's Nita Young 748 00:41:41,760 --> 00:41:44,600 Speaker 1: on this day in women's history. In nineteen sixty nine, 749 00:41:44,920 --> 00:41:48,400 Speaker 1: women from the feminist group Red Stockings organized a public 750 00:41:48,520 --> 00:41:52,120 Speaker 1: hearing entitled Abortion speak Out. It was held at the 751 00:41:52,200 --> 00:41:55,600 Speaker 1: Washington Square Methodist Church in New York City's Granite Village. 752 00:41:56,080 --> 00:41:59,000 Speaker 1: At the time, the Radical Feminist Group was furious that 753 00:41:59,160 --> 00:42:02,680 Speaker 1: hearing is about a portion featured only male speakers. The 754 00:42:02,760 --> 00:42:06,040 Speaker 1: debate at the time focused on rape, incest, or health 755 00:42:06,200 --> 00:42:08,920 Speaker 1: of the mother. The group wanted to provide women with 756 00:42:09,040 --> 00:42:13,640 Speaker 1: a platform to speak out, share their experiences with illegal abortions, 757 00:42:14,080 --> 00:42:16,960 Speaker 1: and shift the debate to what they believed a woman's 758 00:42:17,080 --> 00:42:20,600 Speaker 1: right to choose. That's today in women's history. I'm we 759 00:42:20,760 --> 00:42:23,600 Speaker 1: need a young Bloomberg radio. Alright, we need to thank you. 760 00:42:23,840 --> 00:42:27,120 Speaker 1: SNP futures this morning down seven points, South futures down 761 00:42:28,000 --> 00:42:30,880 Speaker 1: and nastac features are lower by fifty points. The tenure 762 00:42:30,920 --> 00:42:33,719 Speaker 1: Treasury is down eight thirty seconds, the yield two point 763 00:42:33,800 --> 00:42:37,680 Speaker 1: one seven percent. Continuing to watch oil surge this morning, 764 00:42:37,719 --> 00:42:39,600 Speaker 1: nime x screwed up four and a half percent to 765 00:42:39,640 --> 00:42:42,880 Speaker 1: a hundred nine dollars thirty eight cents of barrel. Bloomberg 766 00:42:42,920 --> 00:42:45,800 Speaker 1: surveillance is straight ahead for John Tucker. I'm Nathan Hagar. 767 00:42:46,080 --> 00:42:47,480 Speaker 1: This is Bloomberg