Speaker 1: Live from the Bloomberg Interactive Brokers Studios. This is Bloomberg
Speaker 1: day Break for Monday, March two. Coming up this hour,
Speaker 1: a Boeing jet with more than one thirty people on
Speaker 1: board reportedly crashes in China. Ukraine rejects Russia's latest demands.
Speaker 1: As the war nears the end of its first month,
Speaker 1: President Biden hosts a call with European leaders to discuss
Speaker 1: the war, and oil surges for a third day with
Speaker 1: no end to the war in sight. Confirmation hearings begin
Speaker 1: today for President Biden. Supreme Court nominee plus Justice Clarence
Speaker 1: Thomas has hospitalized. I'm Michael barn More Ahead, I'm John
Speaker 1: stash Our. In sports, the n C Double A tournament
Speaker 1: field trimmed the sixteen, a win for the Rangers, losses
Speaker 1: for the Islanders and Nick. That's all straight Ahead on
Speaker 1: Bloomberg day Break on Bloomberg Elementary on New York, Bloomberg one, Washington,
Speaker 1: d C, Bloomberg one, O six one, Boston, Bloomberg nine sixties,
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Speaker 1: Bloomberg Business at Good Morning I'm Nathan Hager and on
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Speaker 1: R dot com slash Global Trader. The futures are lower
Speaker 1: to start the week at six o one on Wall Street.
Speaker 1: We checked the markets every fifteen minutes during the trading day.
Speaker 1: On bloomberg SMP futures are down five point. Staff futures
Speaker 1: down a hundred one. NASTAC futures are lower by forty
Speaker 1: four points. The tenure treasury is down nine thirty seconds.
Speaker 1: The yield two point one eight percent. John Nathan will
Speaker 1: have more on the markets in the minute. The first
Speaker 1: we had breaking news out of Asia. There are reports
Speaker 1: of the commercial plane crash in China. Bloomberg's Michael bar
Speaker 1: It joins US line with the very latest Michael, good morning,
Speaker 1: Good morning John. Chinese media report of Boeing seven thirty
Speaker 1: seven n G carrying one two passengers as Ashton Southwest China.
Speaker 1: Radar tracking from flight Radar twenty four shows that China
Speaker 1: Eastern Airlines flight took a steep descent as it was
Speaker 1: headed toward the province of Guangzhou. The New York Times
Speaker 1: says local officials saw flames and smoke rising from a
Speaker 1: hill sign in the area. Chinese State television says a
Speaker 1: rescue team as as symboled and his approaching the site.
Speaker 1: So far, China Eastern and Boeing have not been available
Speaker 1: for Common in New York. Michael Barr Bloomberg day Break,
Speaker 1: John Thanks Michael shares a bowing down almost seven percent
Speaker 1: at early tridding following that reported crash. We're being you
Speaker 1: know the latest details all morning right here on Bloomberg Radio.
Speaker 1: On In the meantime, John, we shift our focus down
Speaker 1: to the war in Ukraine as intense attacks continue. Ukraine
Speaker 1: is rejecting Russia's demand to surrender. Mary Paul bloombergs Baxter
Speaker 1: has the details. The Kremlin has said that if that
Speaker 1: was done, it would open humanitarian lanes. Ukraine said no,
Speaker 1: and Defense Secretary Lloyd Austin says the Russians may not
Speaker 1: be able to take Marapo. You haven't taken it yet,
Speaker 1: and we've seen in the paths that the Ukrainians have
Speaker 1: counterattacked that they've they've used their initiative to to move
Speaker 1: things around on the battlefield uh and and they presented
Speaker 1: some significant problems for the for the Russians. Meanwhile, more
Speaker 1: U S weaponry is expected to arrive in the next
Speaker 1: few days. In San Francisco. I'm at Baxter Bloomberg Daybreak.
Speaker 1: Thank said Ukraine's President Philadimir Zolensky is asking for more help.
Speaker 1: He addressed Israel's parliament, calling out hesitancy to provide military
Speaker 1: aid to and join in international sanctions against Moscow. Did
Speaker 1: not Could you explain why we are still appealing to
Speaker 1: the world in many countries appealing to you for help.
Speaker 1: Is it indifferent calculation or mediation without choosing side. I
Speaker 1: leave it to you to choose the answer to this question.
Speaker 1: I only note one thing that indifferent skills. Ukrainian President
Speaker 1: Zelinski has renewed he is affor it to negotiate with
Speaker 1: Russia's bladmir putin in Aida. Zelinski says Moscow is starting
Speaker 1: to use more destroy artillery in its attacks. The President
Speaker 1: Biden heads to Brussels for NATO summit this week, John,
Speaker 1: but before that trip he'll speak with European and UK leaders.
Speaker 1: This morning, Amy Morris has details from our Bloomberg room
Speaker 1: in Washington. President Biden's talk with the leaders of France, Germany,
Speaker 1: Italy and the UK is set for eleven this morning
Speaker 1: Wall Street Time. While in Europe, the President is also
Speaker 1: expected to visit Warsaw, where he'll meet with Poland's President
Speaker 1: Andre DooDah. Sources tell Bloomberg that later today, senior US officials,
Speaker 1: including Treasury Secretary Janet Ellen and National Security Advisor Jake Sullivan,
Speaker 1: will meet with executives in the energy, refining, financial services,
Speaker 1: in manufacturing sectors. Leaders from ex On Mobile, JP, Morgan
Speaker 1: Chase and other firms are expected to attend the off
Speaker 1: the record discussion about the global push to sanction Russia,
Speaker 1: up ending supply chains and exacerbating inflationary pressures. In Washington,
Speaker 1: on Many Morris Bloomberg Daybreak Thanks, Russia has begun using
Speaker 1: hypersonic missiles against Ukraine. It's a shift in strapp g
Speaker 1: that may signal a new phase of the war. Analysts
Speaker 1: expect more air power to be used as the Russian
Speaker 1: ground campaign stalls. NATO Secretary General Ian Staltonberg is also
Speaker 1: worried about chemical weapons. We know that Russia has used
Speaker 1: chemical agents uh in Europe before against their own political opponents,
Speaker 1: and they Russia has been facilitating supporting the outsold regime
Speaker 1: in Pseudo where chemical weapons has been used. So this
Speaker 1: is something we take extremely serious. NATO Secretary General Ian
Speaker 1: Staltenberg made the comments on NBC's Meet the Press her
Speaker 1: Sundays on Bloomberg Radio. No end to the war. Inside
Speaker 1: John oil is surging for a third day. Attacks by
Speaker 1: Iranian backed rebels on energy facilities in Saudi Arabia are
Speaker 1: also adding to the upward pressure. Crude is rallied almost
Speaker 1: fourteen percent since Wednesday. Checking prices now, Nimex crude is
Speaker 1: up three point six percent, or three dollars seventy six
Speaker 1: cents at a hundred eight dollars forty six cents of barrel.
Speaker 1: Brand is hired by three to half percent at a
Speaker 1: hundred eleven dollar sixty five cents, and his crude climbs
Speaker 1: inflation remains front end center. Today, J Powell gets another
Speaker 1: chance to weigh in on the matter. The vetch here
Speaker 1: makes remarks and answers questions at an economics conference in Washington.
Speaker 1: Critics like former Treasury Secretary Larry Summers, says the Central
Speaker 1: Bank needs to hike rates more aggressively. We've got to
Speaker 1: raise interest rates by more than four percentage points. We've
Speaker 1: got to raise them by four percent to stay neutral.
Speaker 1: We probably have to raise them more than that. So
Speaker 1: I think ultimately we're gonna need a four or five
Speaker 1: percent interest rates levels they're not even thinking of as conceivable.
Speaker 1: Former Treasury Secretary and Bloomberg contributor Larry Summers was against
Speaker 1: on Bloomberg's Wall Street week heard weekends on Bloomberg Radio
Speaker 1: and television as stay tuned for those remarks from j.
Speaker 1: Powell will bring those to you live coming up just
Speaker 1: before one pm Eastern. On the corporate front this morning,
Speaker 1: some merger Monday news. Berkshire Hathaways agreed to buy insurance
Speaker 1: comp the Alleghany for eleven point six billion dollars That
Speaker 1: works out to a twenty premium to Alleghany's last closing price.
Speaker 1: And private equity firm Toma Bravo has agreed to buy
Speaker 1: San Francisco based software company and A Plan and a
Speaker 1: deal valued at ten point seven billion dollars. Shares a
Speaker 1: Vanna Planner up almost twenty seven percent in early trading.
Speaker 1: This is Bloomberg at six or seven on Wall Street.
Speaker 1: Let's bring in Michael Barnet to find out what else
Speaker 1: is going on in New York hand around the world. John,
Speaker 1: thank you very much, sir. The Senate Judiciary Committee is
Speaker 1: set to beginning It's his story of Confirmation. Hearing is
Speaker 1: today for Judge John G. Brown Jackson, year old federal
Speaker 1: judge would be the first black woman on the Supreme Court.
Speaker 1: Jackson is expected to present an opening statement, then answer
Speaker 1: questions from the committee's eleven Democrats and of love and
Speaker 1: Republicans over the next two days. Senate Minority Leader Mitch
Speaker 1: McConnell says he is keeping an open mind. I'm gonna
Speaker 1: listen to the hearings and by the way, she'll be
Speaker 1: treated much better than democrat as are typically treated Republican
Speaker 1: nominated like Clarence Thomas and Brett Cabita Arts. Senator McConnell
Speaker 1: spoke on CBSS Face the Nation, which can be heard
Speaker 1: Sundays on Bloomberg. Supreme Court Justice Clarence Thomas remains hospitalized
Speaker 1: with flu like symptoms. According to the Supreme Court, Thomas
Speaker 1: is being treated with antibiotics for an infection and is
Speaker 1: resting comfortably. The new subvariant of the coronavirus has the
Speaker 1: attention of the nation. Stop infectious disease. Doctor Dr Anthony
Speaker 1: Fauci says the new coronavirus b A two subvariant is
Speaker 1: about fifty to six more transmissible than omicron. It does
Speaker 1: have an increased transmission capability. However, when you look at
Speaker 1: the cases, they do not appear to be any more severe.
Speaker 1: Dr Fauci says that's the good news, but he warns
Speaker 1: b A two could lead to an increase in COVID
Speaker 1: cases in the weeks ahead. Overall, sickness and hospitalizations have
Speaker 1: dropped to pre pandemic levels. Fauci spoke on ABC's This Week,
Speaker 1: which can be heard Sunday's right here on Bloomberg. Fans
Speaker 1: welcome back the Cinderella team of the men's n Z
Speaker 1: Double A Tournament. Jersey City St. Peter's University got a
Speaker 1: hero's welcome when they return Sunday. Everyone has a Peacock
Speaker 1: Nation is like, this is crazy because we're such a
Speaker 1: small school. Over the weekend, the fifteenth seed advanced to
Speaker 1: the sweet sixteen. Peacock's guard Darryl Banks, this doesn't amazing,
Speaker 1: you know, just growing up what if by basketball? And
Speaker 1: this is kind of always that you live for it
Speaker 1: as you dream of. Guard Darryl Banks and his St
Speaker 1: Peter's teammates now take on pur Due this Friday, Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Take, powered by more than twenty seven hundred
Speaker 1: journalists and analyists more than a hundred twenty countries. I'm
Speaker 1: Michael Barron. This is Bloomberg, John, Michael, thank you, and
Speaker 1: it's coming up on six ten on Wall Street. Time
Speaker 1: down for the Bloomberg Sports Uptake. Here's John stah Shower, right,
Speaker 1: John n C Double A tournament field is down to
Speaker 1: the sweet sixteen and includes Duke. Mike Schowski's coaching career.
Speaker 1: Not over. Yeah, Blue Devils pulled away. Wait, I eat
Speaker 1: Michigan State a sweet six states just with talent, you
Speaker 1: do it with character and uh, that's that's what my
Speaker 1: teams have had. But it's not like I've given them that.
Speaker 1: We've recruited that and we've made use of him. Coach
Speaker 1: k and Duke now headed out to San Francisco to
Speaker 1: play Texas Techa, who just got by Notre Dame. A
Speaker 1: two seed went down. Auburn lost to Miami in a
Speaker 1: one Seed nearly went down, but Arizona survived in overtime
Speaker 1: over TCU eleven seat at Iowa State is moving on.
Speaker 1: The Cyclones went too and twenty two just last year,
Speaker 1: also advancing Billeova, Houston and Purdue. And Purdue his next
Speaker 1: from Cinderella St. Peter's. That game is Friday night in
Speaker 1: Philadelphia at the Guard of the Next had recent wins
Speaker 1: over Portland and Washington, Utah much better team the Jazz
Speaker 1: won one O eight to ninety three. Is Donovan Mitchell
Speaker 1: scored thirty six points. Are J Barrett had twenty four
Speaker 1: for the next. What a weekend for the Rangers road
Speaker 1: wins first at Tampa Bay at the two times depending
Speaker 1: Stanley Cup Jampson. Last night at first Place Carolina was
Speaker 1: to nothing with backup goalie out of stores you have
Speaker 1: making forty four stads goals by Chris Pryder his forty
Speaker 1: one in the recent acquisition Frank Metrono. The Hurricanes hadn't
Speaker 1: lost a home game in regulation and over two months
Speaker 1: Islanders lost in Philadelphia to the one. The Red Sox
Speaker 1: signed free agents George dot Travor's story. They plan to
Speaker 1: use him at second base. He put up big numbers
Speaker 1: with Colorado whe the numbers tend to inflate, but he's
Speaker 1: had thirty seven and thirty five home runs. Easy. John
Speaker 1: stash Allan Bloomberg Sports John all Right, John, thanks a lot.
Speaker 1: Right ahead of the cash open on Wall Street, we
Speaker 1: have futures right now in the red. The down futures
Speaker 1: one hundred thirteen points lower, that's down three tenths of
Speaker 1: a percent, SMP EVENI future six points lower, that's down
Speaker 1: a tenth of a percent this morning. And then Izak
Speaker 1: E many futures forty four points slower, three tenths of
Speaker 1: a percent lower after last week's games in the markets,
Speaker 1: and as we look at treasuries right now, the benchmark
Speaker 1: ten year yield at two point one to eight percent,
Speaker 1: that is a three basis point the two year yield
Speaker 1: of four basis points at one point nine eight percent.
Speaker 1: You're listening to Bloomberg Debreak, Debreak, brought to you by Audie.
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Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot com, The Bloomberg Business at and at Bloomberg Quick Tape.
Speaker 1: He's a Bloomberg Business Flash Nathan Hagar. Futures and European
Speaker 1: stocks are wavering. Crude oil is extending its climb as
Speaker 1: investors monitor diplomatic efforts to try to bring the an
Speaker 1: end to Russia's nearly month old war in Ukraine. We
Speaker 1: checked the markets every fifteen minutes during the trading day
Speaker 1: on Bloomberg. Right now, SMP futures are down eight point
Speaker 1: staff futures down a D seven, NASTAC futures are lower
Speaker 1: by fifty points. The ten You're try trees down eight
Speaker 1: thirty seconds. The yield two point one seven percent yield
Speaker 1: on the two year one point nine seven percent. Nime
Speaker 1: X screwed is up three point percent or three dollars
Speaker 1: cents at a hundred eight dollar sixty five cents of
Speaker 1: arrol comex gold little change down ten cents nine eight announced.
Speaker 1: The euro one point one zero five four against the dollar.
Speaker 1: The pound at one point three one four six the
Speaker 1: end one nineteen point to one. Quick check a bitcoin,
Speaker 1: it's a touch higher at forty one four hundred dollars.
Speaker 1: That's a Bloomberg business flash. Now here's Michael Barr with
Speaker 1: more on what's going on around the world. Michael Nathan,
Speaker 1: thank you very much. Chinese media reports of Boeing seven
Speaker 1: thirty seven n G carrying a hundred thirty two people
Speaker 1: has crashed in southwestern China. Radar tracking from flight Radar
Speaker 1: twenty four shows that China Eastern Airlines flight took a
Speaker 1: steep descent as it was headed toward the province of
Speaker 1: guang Shu. Chinese State TV says a rescue team has
Speaker 1: assembled and is approaching the site. Ukrainian officials have definantly
Speaker 1: rejected a Russian demand at their forces in mary Opal
Speaker 1: lay down arms and raised white flags in exchange for
Speaker 1: safe passage. The Senate Judiciary Committee is set to begin
Speaker 1: It's His Story confirmation hearings for Judge Katangi Brown Jackson.
Speaker 1: The fifty one year old federal judge, would be the
Speaker 1: first black woman on the Supreme Court. In college basketball,
Speaker 1: the Man's n C double A Sweet sixteen is set.
Speaker 1: Duke Kansas and Villanova advance. Yesterday in the NBA, the
Speaker 1: Knicks and Warriors lost. The Celtics won in the NHL,
Speaker 1: the Rangers won, the Islanders and Capitals lost. Global news
Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barr and this
Speaker 1: is Bloomberg John, Michael, thank you, coming up on six
Speaker 1: Wall Street. We are live from the Bloomberg Intanto Brokers Studios.
Speaker 1: This is Bloomberg Daybreak. As we've been telling you, we
Speaker 1: have reports of a commercial passenger jet crash in China.
Speaker 1: Late breaking, still developing story. Let's find out what we
Speaker 1: know right now from Bloomberg's Will Davies in Hong Kong,
Speaker 1: who's following the bury late. What details can you impart
Speaker 1: to us right now, Will, John? Yeah, yeah, we still
Speaker 1: haven't developing. Still situation, that's unclear. What caused the cat
Speaker 1: the crash. It went the plane went down in a
Speaker 1: sort of wooded mountainous area. There is footage emerging on
Speaker 1: social media and China sharing the hillside in flames. The
Speaker 1: plane was carrying and thirty two people that's hung in
Speaker 1: twenty three passages and nine crew. It was heading towards
Speaker 1: Guangzhou in the south, a big manufacturing city, one of
Speaker 1: China's biggest cities, and it was flying from Kummin, which
Speaker 1: the capital of Yunnan Province in the southwest of the country.
Speaker 1: China Eastern was the air airline that's one of China's
Speaker 1: big biggest carriers, but based out of Shanghai. Um You know,
Speaker 1: it's a major state run carrier. So we haven't heard
Speaker 1: from them. They haven't made an announcement officially. I think
Speaker 1: they've acknowledged m the crash has taken place, but obviously
Speaker 1: they haven't come up with us. And yet they're sending
Speaker 1: a team down and President hues into in just issuing
Speaker 1: some comments now urging an investigation to find out what
Speaker 1: caused this crash. What do we know about the Boeing
Speaker 1: model that's involved. How does that differ from the Max? Uh, Yeah,
Speaker 1: it's a proceding model to the MAX. So the seven
Speaker 1: eight hundred next GM, it's uh, it's got a good
Speaker 1: safety reputation. Um the Max isn't allowed to commercially, hasn't
Speaker 1: been fully authorized the return to commercial service in China,
Speaker 1: So this is the model before that, and it had
Speaker 1: one of a good safety record. I think Bowie said
Speaker 1: in twos and eighteen. Around that time there have only
Speaker 1: eight Taple actidents involving that model out of more than
Speaker 1: seven thousand of those aircrafts sold. But that's actually a
Speaker 1: matter of tragedy. It looks it looks that way for sure.
Speaker 1: Um and it's bad news for Bowing as well as
Speaker 1: their share Pope looks to be dropping pretty fast in
Speaker 1: pre market. Yeah, and Bowing has not had a very
Speaker 1: smooth riot again. China in terms of the aviation regulators
Speaker 1: there has it. Yeah, I mean, there was progress made
Speaker 1: towards the un grounding of the Max. Most other markets
Speaker 1: around the world of the term the Max to the sky,
Speaker 1: the China which is the first to ground in March
Speaker 1: nineteen after the crash in Ethiopia. That's it's still remains
Speaker 1: grounded commercially anyway, There's been some test flights and it
Speaker 1: was looking like that it could be. I mean, they've
Speaker 1: given the initial approval for it to return, but it
Speaker 1: hadn't entered back into commercial service yet. So and there's
Speaker 1: various complications that have added to delayed. You know, the
Speaker 1: trade disputed between the US and China. UM, so the
Speaker 1: relationship between the two countries wasn't having the particularly smooth
Speaker 1: for several years, and their China is a huge market
Speaker 1: for Boy, so they've had a tough time trying to
Speaker 1: get the Max back in the air and it was
Speaker 1: just looking you know, it could have been a matter
Speaker 1: of weeks that it was going to return to commercial
Speaker 1: service US. But I'm not sure how this will impact that.
Speaker 1: What's the safety record of the airline involved, do we know? Yeah?
Speaker 1: I mean China's got well sunny in recent decades, a
Speaker 1: good good safety record. It's a trout of its recorded
Speaker 1: and flying China Eastern, like I said, one of the
Speaker 1: main state run carriers. It's hadn't had a crash since
Speaker 1: two thousand four. Fatal crash anywhere in the last rate
Speaker 1: of crash in China was twelve years ago in twenty ten,
Speaker 1: so it's had a good record of aviation safety in China.
Speaker 1: Bloomberg's Will Davies joining us from Hong Kong this morning. Will,
Speaker 1: thanks for the update. Appreciated again. Boeing seven thirty seven,
Speaker 1: eight hundred n G next generation plane operated by China
Speaker 1: Eastern Airlines crashed in the southwestern Chinese province that they
Speaker 1: well onety two people on board. One hundred and twenty
Speaker 1: three passengers and nine crew members. It is six twenty
Speaker 1: four on Bloomberg. This is Bloomberg Daybreak. We shift our
Speaker 1: attention out of the war in Ukraine. The fighting and
Speaker 1: evacuations have led to the humanitarian crisis. The flood of
Speaker 1: refugees continues into Europe, and Bloomberg's Agge Cantrell joins us
Speaker 1: this morning reporting from the u n World Food Program
Speaker 1: depot in Poland. And correctly, if I'm wrong, Aggie, but
Speaker 1: it's one gigantic warehouse there. What's what's the situation on
Speaker 1: the ground. Yes, so it's a really massive warehouse here
Speaker 1: that's currently being used by both the U n a
Speaker 1: c R and the World Food Program in order to
Speaker 1: ship out supplies to Ukraine. I've been speaking to people
Speaker 1: here saying that um the U n a c R
Speaker 1: Is providing everything from betting to solar lamps for people
Speaker 1: on the ground. Because it's really important to remember that
Speaker 1: in lots of parts of Ukraine right now, there is
Speaker 1: a complete lack of critical infrastructure, and cities like Mariopol,
Speaker 1: which we've heard is been under bombardment since March second,
Speaker 1: we've been seeing uh many people without food without water,
Speaker 1: and so this is a direct humanitarian crisis as well
Speaker 1: as war. Hey can the aggressor in this case, Russia
Speaker 1: distinguished between shipments of critical supplies humanitarian aid and arms supplies.
Speaker 1: Things you need to notice start your day. Brought to
Speaker 1: you by Interactive Brokers. Interactive Brokers charges margin loan rates
Speaker 1: from zero point seven five to one point five eight
Speaker 1: percent rates subject to change. Learn more at ib kr
Speaker 1: dot com slash compare. We'll begin with the breaking news
Speaker 1: out of Asia. As we just heard from Bloomberg's Will Davies,
Speaker 1: there are reports of a commercial plane crash in China.
Speaker 1: Bloomberg's Michael bar joins US Live with the very latest.
Speaker 1: Good morning, Michael, Good morning Nathan. Chinese media reports Boeing
Speaker 1: seven thirty seven en G carrying on two people, as
Speaker 1: crashed in southwestern China. Radar tracking from flight Radar four
Speaker 1: shows that China Eastern Airlines flight took a steep descent
Speaker 1: as it was headed toward the province of Guangzhou. The
Speaker 1: New York Times says local officials saw flames and smoke
Speaker 1: rising from the hillside in the area. Chinese state televisions
Speaker 1: as a rescue team as assembled and as approaching the
Speaker 1: side live in New York. I'm Michael Barr Bloomberg Digger, Michael,
Speaker 1: thank you. We now turned to the latest developments on
Speaker 1: the war in Europe. Ukraine rejecting Russian demand that its
Speaker 1: forces lay down their arms and lead Maripol. More taunts
Speaker 1: expanded later today. Yesterday, Ukraine's President philadimir's Lensky addressed Israel's parliament,
Speaker 1: calling out hesitancy to provide military aid and join international sanctions.
Speaker 1: Could you explain why we are still appealing to the
Speaker 1: world in many countries appealing to you for help. Is
Speaker 1: it in different calculation or mediation? Without choosing side, I
Speaker 1: leave it to you to choose the answer to this question.
Speaker 1: I only note one thing that in different kills. Ukrainian
Speaker 1: President Zolensky renewing his offer to negotiate with Vladimir Putin
Speaker 1: and ape Zelinsky says Moscow has started using more destructive
Speaker 1: artillery in its attacks, but that artillery includes hypersonic missiles.
Speaker 1: John and analysts say that marks a shift in strategy,
Speaker 1: with Russia using more air power as its ground campaign stalls.
Speaker 1: Lloyd Austin is the U S Defense Secretary. I would
Speaker 1: not see it as a game changer. I think again,
Speaker 1: the reason that he's resorting to using these types of
Speaker 1: weapons is because he's trying to re establish some momentum.
Speaker 1: Secretary Defense Lloyd Austin made the comments on Face the
Speaker 1: Nation from CBS, heard Sundays on Bloomberg Radio and coming
Speaker 1: up today, President by the space with European leaders ahead
Speaker 1: of his trip to the continent this week. Senior US
Speaker 1: officials also meet with executives from ex On Mobile, JP
Speaker 1: Morgan and other firms to discuss the impact of sanctions,
Speaker 1: and traders are also looking out for a speech today
Speaker 1: from FED Chair J. Powell. He will make remarks and
Speaker 1: answer questions at an economics conference in Washington. Will bring
Speaker 1: that to you live around one pm Eastern time. And
Speaker 1: that's five things you need to notice start your day.
Speaker 1: Brought to you by Interactive Brokers. SMP futures are now
Speaker 1: down ten points, Stown futures down a hundred forty, NASTAC
Speaker 1: futures lower by fifty seven points ten. Your treasury is
Speaker 1: down eight thirty seconds. The yield two point one seven percent,
Speaker 1: yield on the two year note one point nine seven percent.
Speaker 1: Nime X screwed is up three point nine percent of
Speaker 1: four dollars twelve cents at a hundred eight dollars eighty
Speaker 1: two cents of barrel comics gold down two tenths percent,
Speaker 1: down three dollars thirty cents at nineteen thirty sixty announced,
Speaker 1: and the euro is at one point one zero five
Speaker 1: zero against the dollar. Straight ahead local headlines in the
Speaker 1: check of sports. This is Bloomberg. Nathan thanks sixty three
Speaker 1: on Wall Streets, hands sound to bring in Michael barn
Speaker 1: to tell us what else is going on in New
Speaker 1: York hand around the world, John, thank you very much.
Speaker 1: There are the confirmation hearings for President Biden's first Supreme
Speaker 1: Court nominee or schedule to get underway today. Judd Katon G.
Speaker 1: Brown Jackson, who is the first black woman to be
Speaker 1: nominated to the Supreme Court. Republican Senator John barrass So
Speaker 1: we're going to have a fair process and a respectful process,
Speaker 1: unlike what the Democrats did to Justice Capitaugh. Republican Senator
Speaker 1: Josh Holly last week tried to discredit Jackson in a
Speaker 1: barrage of tweets, saying she was soft on crime. Democratic
Speaker 1: Senator Dick Durbin says that Holly's claims have been fact
Speaker 1: checked and discredited, saying Holly's base is far from centrist.
Speaker 1: He's part of a fringe within the Republican Party. This
Speaker 1: was the man who was fist bumping the murderous mob
Speaker 1: that descended on the Capitol. Senators Durbin and Barasso spoke
Speaker 1: on a d c S this week, which can be
Speaker 1: heard Sundays on Bloomberg. We're learning that Justice Clarence Thomas
Speaker 1: was hospitalized with flu like symptoms and treated with antibiotics
Speaker 1: for an infection. The Supreme Court said the seventy three
Speaker 1: year old justices symptoms have eased and he is resting comfortably.
Speaker 1: Even with COVID cases down, US health officials said they're
Speaker 1: expecting more cases with the new B A two variant,
Speaker 1: though a large surge is unlikely. Dr Anthony Fauci says, well,
Speaker 1: the B A two symptoms are not typically severe. It
Speaker 1: is even more contagious than it's O macron predecessor. It's
Speaker 1: about fifty or so more transmissible, which means ultimately, over
Speaker 1: time it might take over as the dominant variant. Dr
Speaker 1: Anthony Fauci. There have been more than seventy nine million
Speaker 1: cases of COVID in the US alone and more than
Speaker 1: nine deaths. The U. S. Marine Corps identified the four
Speaker 1: Marines who died when their Osprey aircraft crashed Friday night
Speaker 1: in the Norwegian town in the Arctic Circle during an
Speaker 1: ATO exercise. All four were out of Marine Corps air
Speaker 1: Station New River, North Carolina. The cause of the crash
Speaker 1: remains under investigation. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quicktake, powered by more than
Speaker 1: twenty seven hundred journalists analyists more than a hundred twenty countries.
Speaker 1: Michael Barr and this is Bloomberg, John, Michael, thank you,
Speaker 1: six thirty five Wall Street Time. Then for the Bloomberg
Speaker 1: Sports update, here's John Stashwer. Thanks John. The n C
Speaker 1: Double A Tournament Sweet sixteen includes three one seeds, two twos,
Speaker 1: two threes, and three fours. But it wasn't easy for
Speaker 1: many of the favors. Certainly not for top seed Arizona,
Speaker 1: who needed over time to get by t c U,
Speaker 1: or for Duke who beat Michigan State e D five
Speaker 1: seventy six. It was closer than that. Blue Devils pulled
Speaker 1: away late in the wind, means Mike Kazevski's coaching career
Speaker 1: not over yet. Duke now plays Texas Tech Perdue. Beat
Speaker 1: Texas Perdue was up next for St. Peter's The Cinderella
Speaker 1: Pea Cops could have plenty of fans support Friday's games.
Speaker 1: Just down the road from Jersey City in Philadelphia. Wins
Speaker 1: last night for Miami at Iowa States, and they'll play
Speaker 1: each other on Friday. That means a double digit seed
Speaker 1: is guaranteed of being in the Elite eight. The next
Speaker 1: SLIMP playoff hopes took a hit, beaten by Utah at
Speaker 1: the Garden. One of the eight nine three. Donovan Mitchell
Speaker 1: scored thirty six points. Ardre Berry had twenty four. Second
Speaker 1: place Rangers visited first place Carolina. The game was scoreless
Speaker 1: second period. Right just trying to er, but it picks
Speaker 1: back out behind the aplawfing gear to the park morning climb.
Speaker 1: The blue lot gets the back out of the car.
Speaker 1: When the shot the flection and it's scored, it gets
Speaker 1: in front of that. It's Chris Bryder his forty first
Speaker 1: goal of the year, and the Rangers get so one
Speaker 1: could not to lead on just their eighth shot of
Speaker 1: the game. The EPN at the called Frank Retronto. The
Speaker 1: Rangers just picked up last week had an empty netter
Speaker 1: Rangers one to nothing there forty if win forty four
Speaker 1: stays in the shutout for Alex Georgie at Islanders lost
Speaker 1: in Philadelphia to the one in Tampa. Yanks got a
Speaker 1: grand slam from his Waldo Cabrera, but the Tigers with
Speaker 1: four in the ninth one, eight and seven of Seve
Speaker 1: Areno gave up four and so did David Peterson the
Speaker 1: Mets loss of the Cardiners reports it was John stashually
Speaker 1: were Bloombird Sports. John, all right, thanks a lun John,
Speaker 1: and he is now six thirty seven on Wall Street.
Speaker 1: Time to take a look at stocks, some of the
Speaker 1: names that are moving in the pre market. Ever, then
Speaker 1: we're joined by a Bloomberg Radio and TV markets correspondent
Speaker 1: Critty Grouped. Of course, the news out of China certainly
Speaker 1: affecting one of the stocks UH in the pre market
Speaker 1: this morning. It absolutely is you have Boweing shares have
Speaker 1: taken quite a tumble this morning, b as your taker,
Speaker 1: down eight point two percent in the pre market. This,
Speaker 1: of course, to your point, comes after a China Eastern Airlines.
Speaker 1: Boeing seven thirty seven plane was carrying a hundred and
Speaker 1: thirty two people crashed in china southwestern province of Guangshi.
Speaker 1: Important to keep in mind here for Bowing investors of
Speaker 1: bears and bulls is that this is not a seven
Speaker 1: thirty seven Max, so this does not go to the
Speaker 1: issues that they have had previously. Nevertheless, the next gen
Speaker 1: N I believe, so which is the predecess I've preceded
Speaker 1: the max right exactly. Um so be A once again
Speaker 1: down eight percent, but it's also affecting UH the Chinese
Speaker 1: Eastern Airlines A d R, so those are down some
Speaker 1: sixteen percent. The ticker there's just C E A and
Speaker 1: then you have the airlines also dropping in tandem. No
Speaker 1: surprise there. When Boeing drops, the airlines tend to follow.
Speaker 1: United U A L is your taker down four point
Speaker 1: four percent, Southwest as well, LUVS your taker there down
Speaker 1: four percent. Of course, American A L down two point
Speaker 1: nine percent out of really we're seeing in the last
Speaker 1: in the top six stocks two through six are all
Speaker 1: airline related, so you can really see that this is
Speaker 1: a pretty big weight when it comes to what's dropping
Speaker 1: in the pre market. Um Warren Buffett was in the
Speaker 1: news this morning. They were making I guess it's an
Speaker 1: insurance acquisition. It looks like it. Alleghany. I believe it's
Speaker 1: how you propose it, Alleghany from Pennsylvania. I tried, I'm
Speaker 1: from Texas, man. We don't we don't have that For
Speaker 1: eleven point six billion dollars in calfs. The ticker is
Speaker 1: just why up six percent in pre market, especially even
Speaker 1: though it's Alleghany, you know which was legion to believe, Pennsylvania,
Speaker 1: Alleghany Mountains. It's a New York based company. Oh, this
Speaker 1: is a lot of North Northeastern Seaboard knowledge I do
Speaker 1: not have. But thank god for John Tucker for that insight.
Speaker 1: We should get to some of the other deal news
Speaker 1: this morning is also dropping stocks and Nielsen Holdings n
Speaker 1: l s n as your Taker, down six after rejecting
Speaker 1: an acquisition proposal from a p E company. If I
Speaker 1: had the company at twenty five dollars and forty cents
Speaker 1: a share, a price that Nielsen says doesn't adequately compensate
Speaker 1: shareholders for Nielsen's growth prospects, never the one it Nevertheless,
Speaker 1: investors seemed to in the pre market. I think they
Speaker 1: should have taken the deal once again. N L S
Speaker 1: N down. I'm gonna throw one more at you here
Speaker 1: and a plan p l A and as your taker
Speaker 1: soaring twenty seven percent after tom A Bravo agreed to
Speaker 1: acquire it in a deal value to ten point seven
Speaker 1: billion dollars. Just another deal to keep your eye on.
Speaker 1: Deal news merger Monday. Right okay, Crety, thanks a lot,
Speaker 1: appreciate it, uh. Bloomberg TV Market Scorres bought a Cretty
Speaker 1: Gupta And as we look at the markets right now
Speaker 1: ahead of the cash open on Wall Street after yesterday
Speaker 1: last week's surge, this morning future is in the kid
Speaker 1: a lower open on Wall Street. We have down futures
Speaker 1: right now one and forty nine points lower, that's down
Speaker 1: four tenths of a percent. The smp E mini futures
Speaker 1: they're down twelve points, that's down three tenths of a percent.
Speaker 1: And then as day Kemmuny futures sixty one points lower.
Speaker 1: And we're being brought to you by the Jewish Communital
Speaker 1: Fonts j CPS donor Advised fund. The smart choice to
Speaker 1: manage your philanthropy, especially in times of prices, make you're
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Speaker 1: This is Bloomberg day Break and the Bloomberg Weather fort
Speaker 1: today from Gary Bass Sunny Skies. The high temperature topping
Speaker 1: out about sixty could see some showers after midnight and tomorrow,
Speaker 1: partly sunning the high again. There's sixty degrees. Markets headlines
Speaker 1: and breaking news twenty four hours a day at Bloomberg
Speaker 1: dot com, the Bloomberg Business at and at Bloomberg Quick Tape.
Speaker 1: He's a Bloomberg Business Flash. I'm Nathan Hagar. Futures are
Speaker 1: on the decline this morning. Let's go right over to
Speaker 1: the First Word breaking news desk for today's morning call
Speaker 1: with Bill Maloney. Good morning Bill, Hey, good morning Nathan.
Speaker 1: That's right. US features are in the red right now.
Speaker 1: Aday futures down a hundred and thirty five points, Sapes
Speaker 1: drop nine, while the Nastik futures are off by fifty.
Speaker 1: The US ten year old at two point one eight percent,
Speaker 1: Gold is up three, Oil is climbing, but bitcoin is
Speaker 1: a little changed. RPM markets are quiet this morning, and
Speaker 1: back in the US on the economic Frinday thirty, Chicago
Speaker 1: fed in deal News, Berkshire Hath the Way to buy
Speaker 1: Allegheny Corp. For eleven point six billion, and another news
Speaker 1: that Bowing is down eight percent pre market after a
Speaker 1: seven thirty seven jet crashed in China. Spirit Aero Systems
Speaker 1: is also down eight percent pre market. Wrapping things up,
Speaker 1: Fortune Brands was called to hold the Jeffreys Air Products
Speaker 1: race to overweight at JAPE and Morgan and BlackBerry is
Speaker 1: raised to sector perform over at RBC Live from the
Speaker 1: first breaking newsscon on Bill Maloney, Nathan Okay, Bill, thanks
Speaker 1: to here live breaking news over your Bloomberg type squawk
Speaker 1: on the terminal s q U A go. That's a
Speaker 1: Bloomberg business flash. Now here's Michael Barr with more on
Speaker 1: what's going on around the world. Michael, they thin, thank
Speaker 1: you very much. Chinese media reports uh Boeing seven thirty
Speaker 1: seven n G carrying one thirty two people as crashed
Speaker 1: in southwestern China. Radar tracking from flight Radar twenty four
Speaker 1: shows the China Eastern Airlines flight took a steep descent
Speaker 1: as it was headed toward the province of guang Show.
Speaker 1: The New York Times says local officials saw flames and
Speaker 1: smoke rising from a hillside in the area. Joe Biden
Speaker 1: will speak with European leaders ahead of the president's trip
Speaker 1: to the continent this week. Meanwhile, showing continued overnight with
Speaker 1: a large shopping center on the outskirts of Kiev, killing
Speaker 1: at least six people. Ukraine has rejected a Russian demand
Speaker 1: for its forces to lay down their arms and leave Mariople.
Speaker 1: In college basketball, de Men's NZ double a Sweet sixteen
Speaker 1: is set. Duke Kansas and Villanova advanced. Yesterday in the NBA,
Speaker 1: the Knicks and Warriors lost, The Celtics won. In the NHL,
Speaker 1: the Rangers won, the Islanders and Capitals lost. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg Quickday,
Speaker 1: powered by more than seven hundred journalist analyist and more
Speaker 1: than twenty countries and Michael barr and this is Bloomberg.
Speaker 1: The following commentary is from Bloomberg Opinion. New York City's
Speaker 1: economy still hasn't caught up. I'm Justin Fox, the columnist
Speaker 1: for Bloomberg Opinion. The big job market story of the
Speaker 1: past year in the US has been one of high
Speaker 1: demand for workers and a less cheap and abundant supply
Speaker 1: of labor than employers had gotten used to. Not in
Speaker 1: New York City, where unemployment is almost twice the national
Speaker 1: rate and there's still six percent fewer jobs than before
Speaker 1: the pandemic. How does this square with reports of skyrocketing
Speaker 1: rents and tech workers flocking to the city. Well, New
Speaker 1: York City real estate is weird, and tech workers are
Speaker 1: flocking to the city. There just aren't nearly enough of
Speaker 1: them to make a dent in the overall numbers. Most
Speaker 1: New Yorkers work in less glamorous, lower paid jobs, and
Speaker 1: there are still fewer of those in the city than
Speaker 1: there were before the pandemic. I'm justin Fox. For more opinion,
Speaker 1: please go to Bloomberg dot com, slash Opinion or O
Speaker 1: P I n go on the Bloomberg terminal. This has
Speaker 1: been Bloomberg Opinion. You can hear Bloomberg Opinion commentaries every
Speaker 1: weekday at this time. Terminal customers can read more at
Speaker 1: O P I n go. It is six fifty on
Speaker 1: Wall Street. Let's turn to news and science and technology
Speaker 1: now with the Bloomberg n j I T STEM Report.
Speaker 1: It's brought to you by New Jersey Institute of Technology,
Speaker 1: ranked in the top two percent nationally for alumni mid
Speaker 1: career earnings and number one in the nation for student
Speaker 1: upward economic mobility. More at n j I, T DOT
Speaker 1: E d U now Here's what's making news and science
Speaker 1: technology engineering at MATH. In Hong Kong, the government has
Speaker 1: scrapped some coronavirus travel curves and laid out a roadmap
Speaker 1: to ease social distancing measures. A ban on flights from
Speaker 1: nine countries including the US and UK will be lifted,
Speaker 1: plus the amount of time travelers spend in mandatory hotel
Speaker 1: quarantine will be cut in half. In the UK, Prime
Speaker 1: Minister Boris Johnson is turning to the nuclear and wind
Speaker 1: sectors to try to boost his country's energy security. Johnson
Speaker 1: is meeting with leaders from the nuclear industry today and
Speaker 1: win company CEOs in the coming days. The war in
Speaker 1: Ukraine has caused oil and gas prices to soar, and
Speaker 1: Kuwait is among the hottest places on Earth. In fact,
Speaker 1: the Middle Eastern country reached a scorching temperature of one
Speaker 1: hundred twenty seven points seven degrees fahrenheit. The extremes of
Speaker 1: climate change present existential perils all over the world, but
Speaker 1: the record heat waves that roast to Kuwait each season
Speaker 1: have grown so severe that people increasingly find it unbearable
Speaker 1: by the end of the century. Scientists say being outside
Speaker 1: in Kuwait City could be life threatening, not only to birds.
Speaker 1: A recent study also linked sixty seven percent of heat
Speaker 1: related deaths in Kuwait's capital to climate change. That's the
Speaker 1: Bloomberg n j I T Stem Report. John, all right,
Speaker 1: thanks Nathan. We're live for the Bloomberg in Tranto Broker's
Speaker 1: Studios where E is six fifty two Old Wall Street. Yeah,
Speaker 1: that's time to check what's going on in d C.
Speaker 1: Some of the top stories in our nations capital include
Speaker 1: President Biden speaking with European leaders handed of his trip
Speaker 1: to the continent this week. The White House also meeting
Speaker 1: with Exxon and other firms on the Russia's sanctions and
Speaker 1: Supreme Court confirmation hearings they begin today. Also, Supreme Court
Speaker 1: Justice Clarence Thomas hospitalized with an infection. Let's take a
Speaker 1: deeper dime this morning with Bloomberg Government reporter Emily Wilkins Family.
Speaker 1: Thanks for being with us this morning. Happy Monday. I
Speaker 1: guess it's safe to say the diplomatic efforts on the
Speaker 1: continent or increasing this week, especially with the President Biden's visit,
Speaker 1: and I'm here you there, Yes, doesn't. He is going
Speaker 1: to be attending NATO as well as meeting with other
Speaker 1: European Commission leaders UM. And this is going to be
Speaker 1: coming as the European Union is going to try to
Speaker 1: reinforce the US warning to China that Beijing is going
Speaker 1: to base serious consequences if you trying to uh give
Speaker 1: muscle and notarious or if they wind up trying to
Speaker 1: ease some of the stations that the US has put
Speaker 1: in place on Russia. And the White House also meeting
Speaker 1: with xx On and some other firms on the sanctions.
Speaker 1: What's going to develop in that meeting. So obviously, right now,
Speaker 1: high gas prices are a concern for a lot of
Speaker 1: Americans as well as the Biden administration. They know that
Speaker 1: they're usually tied with how Americans feel about the economy,
Speaker 1: whether you think that's fair or not. UM. So President
Speaker 1: Biden is going to be speaking with the number of
Speaker 1: these companies, UH, including x On, Marathon Petroleum, as well
Speaker 1: as JP Morgan and Bank of America just about what
Speaker 1: we're seeing going on with that war in the brain
Speaker 1: and what the USE is expecting moving forward. UM. The
Speaker 1: Biden administration has tried to encourage some of these gas
Speaker 1: companies to step up their production and increase in prices,
Speaker 1: although at the same point you were Republicans and other
Speaker 1: companies kind of pushed back on the Biden administration and say, hey,
Speaker 1: if you want us to increase production, you need to
Speaker 1: roll back some of your regulations that put on us
Speaker 1: UH as part of president by the screen energy policies.
Speaker 1: You can imagine that Vladimir Putin was hoping that some
Speaker 1: of the world resolve would start to crack at this point,
Speaker 1: Is there any sign of that happening as far as
Speaker 1: what Putin is is thinking. I think that's a little
Speaker 1: unclear to everyone at this point. I think the big
Speaker 1: thing that we're looking at is whether that diplomacy between
Speaker 1: Ukraine and Russia is making any sort of progress. It
Speaker 1: really doesn't seem like it is. I mean, the headlines
Speaker 1: out today is that who went to marlpol and said
Speaker 1: that they needed to, you know, ask them to surrender
Speaker 1: on the individuals. They said, no. Lots of questions about
Speaker 1: what is going to be happening, what if any kind
Speaker 1: of agreement they could come to in regards to what
Speaker 1: crain the teachers with needle, whether they could become as
Speaker 1: sort of a neutral ally like Switzerland or Australia. Talks
Speaker 1: are aren't going there, and there's no clue I think
Speaker 1: this morning whether or not we're going to get some
Speaker 1: agreement in the near future. Let's much to the Hill
Speaker 1: that you have the Supreme Core confirmation hearing set to
Speaker 1: begin today for Catogy Brown Jackson's nomination. Are we going
Speaker 1: to see fireworks? What is expected? Well, today is gonna
Speaker 1: be pretty tame, because today is just going to be
Speaker 1: opening state and state. Well here from the longakers on
Speaker 1: the Judiciary panel as twenty two senators was well, here
Speaker 1: from several individuals who will introduced Judge Jackson as Emily
Speaker 1: will here from Jackson herself. After that, tomorrow, we're gonna
Speaker 1: start moving into the Q and A. That's going to
Speaker 1: be a three day hearing, so certainly a lot that's
Speaker 1: gonna go on there. We've already seen Republicans kind of
Speaker 1: previous some of the attacks that they planned to make.
Speaker 1: They actually planned to start to move beyond just Jackson's
Speaker 1: hearing into their wider messaging for the mid terms, which
Speaker 1: is that they're they're raising concerns that the Biden administration
Speaker 1: is soft on crime. Um to expect that to play
Speaker 1: out a little bit within the hearings. But remember Jackson
Speaker 1: was nominated by this same group of senators just last
Speaker 1: year for spot on the Daz Appeals Court. So many
Speaker 1: of these lawmakers they're million with her. Um. You know,
Speaker 1: number of mem recently learned for her, And at this
Speaker 1: point it does seem like she's going to be able
Speaker 1: to singe that nomination with democratic support. Emily, Thanks very much,
Speaker 1: Bloomberg Government reporter Emily Wilkins. You can read more about
Speaker 1: these stories on Bloomberg dot com or the Bloomberg terminal,
Speaker 1: and you can follow the Latist on Bloomberg, Rady and Washington.
Speaker 1: Bloomberg ninety nine, one on one on five point seven
Speaker 1: f M H D two. Nathan Okay, John, Thanks, It's
Speaker 1: six fifties six on Wall Street. This is Bloomberg Daybreak.
Speaker 1: March is Women's History Month, and every day this month
Speaker 1: we're celebrating significant moments in women's history. And now with
Speaker 1: your installment for March twenty one, here's Bloomberg's Nita Young
Speaker 1: on this day in women's history. In nineteen sixty nine,
Speaker 1: women from the feminist group Red Stockings organized a public
Speaker 1: hearing entitled Abortion speak Out. It was held at the
Speaker 1: Washington Square Methodist Church in New York City's Granite Village.
Speaker 1: At the time, the Radical Feminist Group was furious that
Speaker 1: hearing is about a portion featured only male speakers. The
Speaker 1: debate at the time focused on rape, incest, or health
Speaker 1: of the mother. The group wanted to provide women with
Speaker 1: a platform to speak out, share their experiences with illegal abortions,
Speaker 1: and shift the debate to what they believed a woman's
Speaker 1: right to choose. That's today in women's history. I'm we
Speaker 1: need a young Bloomberg radio. Alright, we need to thank you.
Speaker 1: SNP futures this morning down seven points, South futures down
Speaker 1: and nastac features are lower by fifty points. The tenure
Speaker 1: Treasury is down eight thirty seconds, the yield two point
Speaker 1: one seven percent. Continuing to watch oil surge this morning,
Speaker 1: nime x screwed up four and a half percent to
Speaker 1: a hundred nine dollars thirty eight cents of barrel. Bloomberg
Speaker 1: surveillance is straight ahead for John Tucker. I'm Nathan Hagar.
Speaker 1: This is Bloomberg