1 00:00:00,720 --> 00:00:05,840 Speaker 1: By from the Bloomberg Interactive Broker Studios. This is Bloomberg 2 00:00:05,880 --> 00:00:09,840 Speaker 1: day Break for Friday, January seven two. Coming up this hour, 3 00:00:10,119 --> 00:00:13,480 Speaker 1: the Northeast faces its first major winter storm of the year. 4 00:00:13,720 --> 00:00:17,520 Speaker 1: Fall Street awaits the highly anticipated December jogerport A top 5 00:00:17,560 --> 00:00:20,200 Speaker 1: fedeficial waighs in on rate heights as soon as March, 6 00:00:20,640 --> 00:00:23,279 Speaker 1: and game stop surges on news that's getting into non 7 00:00:23,280 --> 00:00:26,720 Speaker 1: fungible tokens. Road crews are busy treated streets for the 8 00:00:26,760 --> 00:00:30,080 Speaker 1: snowy morning commute plus its sentencing day in Georgia with 9 00:00:30,160 --> 00:00:32,200 Speaker 1: three white men at the murder of a mod Aubrey, 10 00:00:32,440 --> 00:00:35,479 Speaker 1: I'm Mike ol Blarm more ahead, I'm stay Sharon. Sports, 11 00:00:35,479 --> 00:00:37,600 Speaker 1: A big comeback is shot at the Buzzer and the 12 00:00:37,720 --> 00:00:40,720 Speaker 1: nixt beat the Celtics. The Devil's won, the Rangers walk. 13 00:00:44,120 --> 00:00:48,680 Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg eleven, Treeo, 14 00:00:48,800 --> 00:00:54,120 Speaker 1: New York, Bloomberg Washington, d C, Bloomberg one oh six one, Boston, 15 00:00:54,280 --> 00:00:58,800 Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen 16 00:00:59,160 --> 00:01:01,960 Speaker 1: and around the world Old on Bloomberg Radio dot Com 17 00:01:02,000 --> 00:01:09,440 Speaker 1: and via the Bloomberg Business. Good Morning, I'm Nathan Hagar 18 00:01:09,840 --> 00:01:12,880 Speaker 1: and I'm Karen Moscow and US futures are higher this 19 00:01:12,959 --> 00:01:15,560 Speaker 1: morning ahead of today's johnser Ford. We're coming up to 20 00:01:15,600 --> 00:01:17,240 Speaker 1: six oh one on Wall Street, and we checked the 21 00:01:17,280 --> 00:01:20,560 Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg, 22 00:01:20,560 --> 00:01:22,880 Speaker 1: Guess and D futures have eight points down, futures up 23 00:01:22,880 --> 00:01:25,920 Speaker 1: forty one as day Future is up twenties three. Tenure 24 00:01:25,959 --> 00:01:28,600 Speaker 1: Treasury that'll change. They had one point seven two percent. 25 00:01:28,680 --> 00:01:31,360 Speaker 1: They yield on a two year point eight seven percent 26 00:01:31,480 --> 00:01:35,360 Speaker 1: and bitcoin at forty two thousand, two hundred dollars. Nathan, 27 00:01:35,400 --> 00:01:37,639 Speaker 1: all right, Karl, we'll have more markets in a minute. First, 28 00:01:37,640 --> 00:01:39,880 Speaker 1: a snow storm continues to blank at much of the 29 00:01:39,880 --> 00:01:42,399 Speaker 1: Northeast this morning. Let's get the details and how may 30 00:01:42,400 --> 00:01:45,760 Speaker 1: affect the roads from Bloomberg Meteorologist Rob Caroline. Good morning, Rob, 31 00:01:45,840 --> 00:01:47,880 Speaker 1: Good morning, Nathan. The storm that's in the process of 32 00:01:47,960 --> 00:01:50,360 Speaker 1: developing off the coast of southern New England. While it's 33 00:01:50,400 --> 00:01:53,080 Speaker 1: already brought some snow to the district in Baltimore, though 34 00:01:53,080 --> 00:01:55,440 Speaker 1: the storm is about done there, they'll have very little 35 00:01:55,440 --> 00:01:57,840 Speaker 1: additional accumulations. In fact, the sun will be coming out 36 00:01:57,880 --> 00:02:00,920 Speaker 1: quickly this morning. New York City henty at aditional accumulations 37 00:02:00,920 --> 00:02:03,360 Speaker 1: this morning or under two inches. The snow should be 38 00:02:03,400 --> 00:02:05,880 Speaker 1: done in the Tri State area by about midday, and 39 00:02:05,880 --> 00:02:07,920 Speaker 1: as we head up into Boston there, the storm is 40 00:02:07,960 --> 00:02:10,800 Speaker 1: only getting going now. We'll be dealing with snow heavy 41 00:02:10,919 --> 00:02:13,640 Speaker 1: times through the morning commute and into the midday hours. 42 00:02:13,919 --> 00:02:16,600 Speaker 1: It looks like Boston's probably gonna receive the highest totals 43 00:02:16,600 --> 00:02:19,600 Speaker 1: from this storm. Okay, Rob, so what kind of accumulations 44 00:02:19,639 --> 00:02:22,040 Speaker 1: are we thinking we're gonna get from this storm? Well, Nathan, 45 00:02:22,080 --> 00:02:24,160 Speaker 1: there aren't going to be any additional accumulations of snow 46 00:02:24,200 --> 00:02:26,440 Speaker 1: in the district of Baltimore. The New York City area 47 00:02:26,520 --> 00:02:28,959 Speaker 1: probably comes in around three, maybe as high as six 48 00:02:28,960 --> 00:02:31,920 Speaker 1: inches in some spots. It's Boston that gets the jackpot. 49 00:02:31,919 --> 00:02:34,200 Speaker 1: There'll be four to seven inches in the Boston metro area, 50 00:02:34,440 --> 00:02:36,320 Speaker 1: and there will be some area southwest of Boston that 51 00:02:36,360 --> 00:02:40,040 Speaker 1: could have over nine I'm Rob Caroline Bloomberg. Daybreak. All right, Rob, 52 00:02:40,040 --> 00:02:42,000 Speaker 1: thank you, and I'll be checking in with you all morning. 53 00:02:42,040 --> 00:02:44,160 Speaker 1: But first we turn to the markets. We're capping off 54 00:02:44,200 --> 00:02:47,679 Speaker 1: a volatile week with a highly anticipated jobs report for December. 55 00:02:47,919 --> 00:02:51,320 Speaker 1: Estimates call for payroll gains of four hunt seven thousand. 56 00:02:51,560 --> 00:02:55,120 Speaker 1: Here with Moore is Bloomberg Economics correspondent Michael McKee. Two 57 00:02:55,240 --> 00:02:58,200 Speaker 1: questions hanging over the December payrolls report. Will there be 58 00:02:58,240 --> 00:03:01,240 Speaker 1: an omicron effect? And how the FEDS see the report 59 00:03:01,240 --> 00:03:04,040 Speaker 1: in the context of policy moves. The survey week was 60 00:03:04,040 --> 00:03:06,680 Speaker 1: in the first half of December, before the COVID variant 61 00:03:06,760 --> 00:03:10,880 Speaker 1: dominated the news or infections. ADP says it didn't affect 62 00:03:10,919 --> 00:03:13,520 Speaker 1: hiring all that much, reporting a big gain in leisure 63 00:03:13,520 --> 00:03:16,680 Speaker 1: and hospitality jobs, but the I s M Services Index 64 00:03:16,919 --> 00:03:20,880 Speaker 1: suggests services hiring slowed during the month. The December fifteen 65 00:03:20,919 --> 00:03:24,280 Speaker 1: FED minutes released this week show policymakers felt then the 66 00:03:24,360 --> 00:03:27,440 Speaker 1: US was close to full employment. If that's ratified by 67 00:03:27,440 --> 00:03:30,000 Speaker 1: the monthly jobs report, it may mean the Fed is 68 00:03:30,040 --> 00:03:34,320 Speaker 1: ready to start raising rates. Michael McKey, Bloomberg Daybreak, All right, Mike, thanks, 69 00:03:34,320 --> 00:03:36,920 Speaker 1: So when it comes to FED policy, St. Louis President 70 00:03:37,040 --> 00:03:39,920 Speaker 1: Jim Bullard's weighing and he's enforcing the view rate hikes 71 00:03:39,960 --> 00:03:44,000 Speaker 1: could start this spring. The FC could also begin raising 72 00:03:44,000 --> 00:03:47,480 Speaker 1: the policy rate as early as the March meeting in 73 00:03:47,600 --> 00:03:51,279 Speaker 1: order to be in a better position to control inflation. 74 00:03:51,520 --> 00:03:53,400 Speaker 1: Jim Bullard made the comments to the c f A 75 00:03:53,520 --> 00:03:55,880 Speaker 1: Society in St. Louis. Traditionally, he has been one of 76 00:03:55,880 --> 00:03:58,640 Speaker 1: the most hawkish members of the FED. Jobs matter to 77 00:03:58,640 --> 00:04:01,600 Speaker 1: the Fed, Nathan, but so does the pandemic. Coronavirus cases 78 00:04:01,640 --> 00:04:04,360 Speaker 1: continue to come in her record highs and testing remains 79 00:04:04,360 --> 00:04:08,040 Speaker 1: a challenge. Abbot Laboratory CEO Robert Ford tells US he's 80 00:04:08,040 --> 00:04:11,440 Speaker 1: renting up production of COVID tests. We've seen obviously a 81 00:04:11,440 --> 00:04:15,920 Speaker 1: new variant, a pretty highly transmissible variant, in combination with 82 00:04:15,960 --> 00:04:17,880 Speaker 1: a period of the year where there's a lot of travel, 83 00:04:18,600 --> 00:04:22,039 Speaker 1: Thanksgiving and Christmas, people wanted to get together. Uh, the 84 00:04:22,080 --> 00:04:25,719 Speaker 1: combination of those two factors really had a pretty unprecedented 85 00:04:25,760 --> 00:04:29,480 Speaker 1: demand here. Abbot CEO Robert Ford said the company expects 86 00:04:29,520 --> 00:04:32,479 Speaker 1: to produce seventy million tests this month. Well. Meantime, Karen, 87 00:04:32,520 --> 00:04:34,560 Speaker 1: the White House, and the US Postal Service are making 88 00:04:34,600 --> 00:04:38,000 Speaker 1: final plans to deliver five hundred million test kits to households. 89 00:04:38,040 --> 00:04:40,160 Speaker 1: That's according to The Washington Post, which says they want 90 00:04:40,160 --> 00:04:42,119 Speaker 1: to start shipping tests by the middle of this month. 91 00:04:42,320 --> 00:04:45,440 Speaker 1: An official announcement could come next week. From New York 92 00:04:45,440 --> 00:04:48,279 Speaker 1: to l A Nathan, major metro areas across the country 93 00:04:48,279 --> 00:04:50,800 Speaker 1: are getting hit hard by COVID. Some of the details 94 00:04:50,800 --> 00:04:54,640 Speaker 1: now from Bloomberg's at Bachelor Beginning in Chicago, almost nine 95 00:04:55,200 --> 00:04:57,839 Speaker 1: of the city's ICU beds are occupied. To this canceled 96 00:04:57,880 --> 00:05:00,440 Speaker 1: classes for a third day because of case is and 97 00:05:00,880 --> 00:05:04,720 Speaker 1: disagreement with teachers over COVID tests. Meanwhile, New York City 98 00:05:04,760 --> 00:05:07,800 Speaker 1: expects to have two and a half million more at 99 00:05:07,839 --> 00:05:10,800 Speaker 1: home tests in hand today, but they are going for 100 00:05:10,880 --> 00:05:14,560 Speaker 1: the reopening of schools. In Los Angeles cases of Sideline, 101 00:05:14,600 --> 00:05:18,120 Speaker 1: more than eight hundred police and firefighters in Alaska, airlines 102 00:05:18,160 --> 00:05:22,040 Speaker 1: cut one twenty flights yesterday and according to flight Aware 103 00:05:22,320 --> 00:05:26,720 Speaker 1: and industry wide, almost two thousand flights because of employee 104 00:05:26,760 --> 00:05:30,440 Speaker 1: illness combined with weather in San Francisco. I'm at Baxter 105 00:05:30,480 --> 00:05:33,279 Speaker 1: Bloomberg daybreak, all right, thank you. With flights canceled, the 106 00:05:33,279 --> 00:05:37,400 Speaker 1: travel industry is under pressure again. Marriott president Stephanie Leonard says, 107 00:05:37,440 --> 00:05:40,320 Speaker 1: these are real challenges, but they won't derail the recovery. 108 00:05:40,640 --> 00:05:43,600 Speaker 1: And while there was bumps from Delta, the business came 109 00:05:43,640 --> 00:05:46,640 Speaker 1: back very clear, very quickly when we got past that variant. 110 00:05:46,800 --> 00:05:50,279 Speaker 1: We're anticipating the same thing with with O Macron that 111 00:05:50,400 --> 00:05:52,120 Speaker 1: we will see some bumps in the recovery, and it 112 00:05:52,160 --> 00:05:54,719 Speaker 1: depends we have dirty brands in a hundred and forty countries, 113 00:05:54,760 --> 00:05:56,840 Speaker 1: so we'll see some bumps that we don't think it's 114 00:05:56,839 --> 00:06:00,200 Speaker 1: going to stop the recovery. Marriott president Stephanie Lennar. It's 115 00:06:00,200 --> 00:06:03,120 Speaker 1: made the comments in an interview on Bloomberg Television. Shares 116 00:06:03,120 --> 00:06:05,200 Speaker 1: of Marriott are trading near an all time high to 117 00:06:05,279 --> 00:06:08,800 Speaker 1: start the year. O Macron continues to impact the workplace, Nathan. 118 00:06:08,839 --> 00:06:11,559 Speaker 1: Bank of America is the latest company pushing back return 119 00:06:11,640 --> 00:06:13,880 Speaker 1: to office plans, and we get the story from Bloomberg's 120 00:06:13,880 --> 00:06:17,559 Speaker 1: Turlie Pillett. The company encouraged its US employees to work 121 00:06:17,600 --> 00:06:21,240 Speaker 1: remotely through the week starting January tenth, is the bank 122 00:06:21,360 --> 00:06:24,600 Speaker 1: evaluates its next move. This according to an internal memo 123 00:06:24,920 --> 00:06:28,040 Speaker 1: the firmhood earlier advised workers to stay home through at 124 00:06:28,080 --> 00:06:31,360 Speaker 1: least this week. In the memo, the bank also continued 125 00:06:31,400 --> 00:06:35,520 Speaker 1: to encourage staff to get fully vaccinated and receive booster shots, 126 00:06:35,920 --> 00:06:40,280 Speaker 1: stopping short of implementing a full mandate. In New York, 127 00:06:40,360 --> 00:06:43,839 Speaker 1: Charlie Pellett Bloomberg Daybreak, Thanks Charlie. In the markets today, 128 00:06:43,839 --> 00:06:47,719 Speaker 1: the turbo charged worlds of cryptocurrencies and meme stocks have collided. 129 00:06:47,760 --> 00:06:50,560 Speaker 1: Bloomberg News has learned game Stop plans to launch a 130 00:06:50,600 --> 00:06:53,200 Speaker 1: marketplace for non fungible tokens by the end of the year. 131 00:06:53,520 --> 00:06:56,599 Speaker 1: Companies also in talks with crypto and blockchain companies about 132 00:06:56,800 --> 00:06:59,719 Speaker 1: which tokens could be used on the platform. Shares of 133 00:06:59,760 --> 00:07:04,640 Speaker 1: game Stop are up in early trading. Futures are higher, 134 00:07:04,839 --> 00:07:08,560 Speaker 1: SMP futures up almost nine points, staff futures up, NASTACK 135 00:07:08,640 --> 00:07:11,840 Speaker 1: futures hired by thirty points. The tenure treasury little changed. 136 00:07:12,160 --> 00:07:14,520 Speaker 1: The yield on the tenure note one point seven two 137 00:07:15,280 --> 00:07:18,640 Speaker 1: straight ahead local headlines, check of sports and this wintry weather. 138 00:07:18,800 --> 00:07:25,239 Speaker 1: This is Bloomberg at six o seven on Wall Street. 139 00:07:25,320 --> 00:07:28,560 Speaker 1: Is indeed snowing still twenty nine degrees in Central Park 140 00:07:28,600 --> 00:07:30,760 Speaker 1: and a number of accidents that Peter Van will have 141 00:07:30,840 --> 00:07:34,000 Speaker 1: details on for you shortly. First Michael Barr with what 142 00:07:34,040 --> 00:07:35,960 Speaker 1: else is going on in New York and around the world. 143 00:07:35,960 --> 00:07:38,600 Speaker 1: Good morning, Michael, Good morning, Nathan. Bards of the Dry 144 00:07:38,640 --> 00:07:42,320 Speaker 1: State area are under a winter storm warning. The fast 145 00:07:42,360 --> 00:07:44,960 Speaker 1: moving system is expected to dump up the six inches 146 00:07:45,000 --> 00:07:47,000 Speaker 1: of snow by the end of the morning, but it 147 00:07:47,080 --> 00:07:51,600 Speaker 1: will make the commute a mess. Emergency preparations are underway, 148 00:07:51,840 --> 00:07:55,600 Speaker 1: but with record COVID cases and isolation rate, some departments 149 00:07:55,800 --> 00:07:59,760 Speaker 1: are working at a disadvantage against the incoming weather. Edward Grayson, 150 00:07:59,840 --> 00:08:02,800 Speaker 1: the commissioner of New York's Department of Sanitations, as he 151 00:08:02,840 --> 00:08:06,040 Speaker 1: believes they'll have enough staff to prepare for the storm, 152 00:08:06,080 --> 00:08:10,320 Speaker 1: but they'll have to extend shifts and work around current shortages, 153 00:08:10,800 --> 00:08:12,600 Speaker 1: just like all the every other city. And see, we've 154 00:08:12,640 --> 00:08:15,040 Speaker 1: been definitely hit hard in this recent wave and up 155 00:08:15,040 --> 00:08:19,760 Speaker 1: taking COVID cases. Right now, we're about staffing outage. Sanitation 156 00:08:19,760 --> 00:08:22,320 Speaker 1: Commissioner Grayson says, for now they will be operating in 157 00:08:22,360 --> 00:08:25,440 Speaker 1: twelve hour shifts. It is sentencing day for three white 158 00:08:25,440 --> 00:08:28,360 Speaker 1: men convicted of murder in the deadly chase and shooting 159 00:08:28,400 --> 00:08:32,000 Speaker 1: of Amat Aubrey In November. A Georgia jury found father 160 00:08:32,080 --> 00:08:36,280 Speaker 1: and son greg and Travis McMichael, and their neighbor William Bryan, 161 00:08:36,360 --> 00:08:40,000 Speaker 1: guilty of murder and other crimes in the February killing 162 00:08:40,080 --> 00:08:43,080 Speaker 1: of the twenty five year old black men. University of 163 00:08:43,120 --> 00:08:47,800 Speaker 1: Georgia law chair Emeritus Ron Carlson says Superior Court Judge 164 00:08:47,840 --> 00:08:52,000 Speaker 1: Timothy Walls me will have limited options because murder carries 165 00:08:52,000 --> 00:08:55,280 Speaker 1: a mandatory life sentence in Georgia. The judges options are 166 00:08:55,400 --> 00:08:58,840 Speaker 1: very narrow, but these are very important distinctions. Does he 167 00:08:59,000 --> 00:09:02,360 Speaker 1: levy a sentence of life without parole or life with 168 00:09:02,480 --> 00:09:06,040 Speaker 1: Pearoll Carlson with the University of Georgia says the jury's 169 00:09:06,120 --> 00:09:10,080 Speaker 1: verdict sent a message that vigilante justice will not be tolerated. 170 00:09:10,400 --> 00:09:12,600 Speaker 1: Former New York Governor Andrew Cuomo is sent to make 171 00:09:12,600 --> 00:09:16,000 Speaker 1: a virtual appearance today before an Albany judge, prosecutors and 172 00:09:16,080 --> 00:09:18,719 Speaker 1: moving to dismiss the only criminal charge filed against the 173 00:09:18,760 --> 00:09:22,560 Speaker 1: Democrat in connection with the sexual harassment allegations that drove 174 00:09:22,640 --> 00:09:25,640 Speaker 1: him from office. It accused Cuomo of groping an aid 175 00:09:25,720 --> 00:09:29,400 Speaker 1: in the executive mansion in December of eight months before 176 00:09:29,400 --> 00:09:32,440 Speaker 1: he resigned. Online sports betting in New York is a 177 00:09:32,559 --> 00:09:36,199 Speaker 1: day away from reality. The New York Gaming Commission says 178 00:09:36,240 --> 00:09:40,080 Speaker 1: that it has approved mobile operator licenses for Caesar's DraftKings, 179 00:09:40,120 --> 00:09:44,080 Speaker 1: Van Duel and Bett Rivers Rushed Street Interactive. They can 180 00:09:44,120 --> 00:09:47,480 Speaker 1: begin taking wagers as of nine am local time Saturday. 181 00:09:47,800 --> 00:09:50,199 Speaker 1: Global News twenty four hours a day on air and 182 00:09:50,400 --> 00:09:53,480 Speaker 1: on Bloomberg quick Take, powered by more than twenty seven 183 00:09:53,840 --> 00:09:56,600 Speaker 1: journalist and analysts more than a hundred twenty countries. I'm 184 00:09:56,600 --> 00:10:04,400 Speaker 1: Michael barn This is Bloomberg, Nathan. Thanks Michael. Coming up 185 00:10:04,440 --> 00:10:06,320 Speaker 1: to six ten on Wall Street. Time for the Bloomberg 186 00:10:06,360 --> 00:10:09,400 Speaker 1: Sports Update with John Stshower. Thanks y Thing. An absolutely 187 00:10:09,559 --> 00:10:12,120 Speaker 1: epic game at the Garden. This game had everything, a 188 00:10:12,240 --> 00:10:14,640 Speaker 1: big comeback, the Knicks trail of the Celtics by twenty 189 00:10:14,679 --> 00:10:16,880 Speaker 1: five in the first half, they're still down eighteen and 190 00:10:16,960 --> 00:10:20,840 Speaker 1: the third quarter. A tremendous individual performance. The ex Celtic 191 00:10:20,920 --> 00:10:24,120 Speaker 1: Evan Corny, who had already had two thirty two point 192 00:10:24,160 --> 00:10:26,679 Speaker 1: games versus Boston, went for a career at fourty one. 193 00:10:26,720 --> 00:10:29,280 Speaker 1: He tied a Knicks record with ten three pointers. And 194 00:10:29,400 --> 00:10:32,600 Speaker 1: this game had an amazing finished. Our shotline half court 195 00:10:32,679 --> 00:10:34,520 Speaker 1: left one point five ago a tie game and one 196 00:10:34,520 --> 00:10:36,679 Speaker 1: of five to Barrett one triple right way great for 197 00:10:36,760 --> 00:10:40,920 Speaker 1: the win. Baker is one hit, backed in, Barrett backed 198 00:10:41,000 --> 00:10:44,160 Speaker 1: in and had the Nicks tip point football game at 199 00:10:44,200 --> 00:10:46,640 Speaker 1: the bush Town. Told it on w E P N 200 00:10:46,760 --> 00:10:49,160 Speaker 1: r J. Barrett, who scored thirty two the other night, 201 00:10:49,200 --> 00:10:50,959 Speaker 1: was having a bad game. He had shot three or 202 00:10:51,000 --> 00:10:53,760 Speaker 1: four teen before hitting the game winner. The same two 203 00:10:53,800 --> 00:10:56,880 Speaker 1: teams play again tomorrow night in Boston. The next way 204 00:10:56,960 --> 00:11:00,160 Speaker 1: Milwaukee tonight in Brooklyn, which means Kyrie, you're being not 205 00:11:00,280 --> 00:11:02,839 Speaker 1: play you know the vaccine mandate. You gotta wait till 206 00:11:02,840 --> 00:11:05,520 Speaker 1: the next road game, which is Monday in Rangers on 207 00:11:05,559 --> 00:11:07,679 Speaker 1: the road five streat games and not a good start 208 00:11:07,720 --> 00:11:10,520 Speaker 1: for the trip. At five one loss at Vegas, Rangers 209 00:11:10,559 --> 00:11:13,200 Speaker 1: only had nineteen shots on goal. The Devil's beat Columbus 210 00:11:13,200 --> 00:11:15,439 Speaker 1: three to one. Jack huss In on all three of 211 00:11:15,559 --> 00:11:18,080 Speaker 1: goal and two assist. Eric Shabba has just hired to 212 00:11:18,080 --> 00:11:21,560 Speaker 1: be the Yankees assistant hitting coach. He's already resigned he 213 00:11:21,679 --> 00:11:24,920 Speaker 1: got a better job as the Mets hitting coach. Season 214 00:11:24,960 --> 00:11:27,480 Speaker 1: finales with the Giants and Jets Sunday. The Giants limped 215 00:11:27,520 --> 00:11:30,320 Speaker 1: to the finish, hosting Washington. Patriots fans will root for 216 00:11:30,320 --> 00:11:33,000 Speaker 1: the Jets to upset the Bills in Buffalo and New 217 00:11:33,000 --> 00:11:36,000 Speaker 1: England needs will win in Miami and a Buffalo Laws 218 00:11:36,000 --> 00:11:38,200 Speaker 1: to win the A s t E. John Scotch, Award 219 00:11:38,280 --> 00:11:41,440 Speaker 1: Bloomberg Sports Nathan all Right, John, thanks right now. SMP 220 00:11:41,600 --> 00:11:44,240 Speaker 1: futures are up almost ten point stuff futures of forty four. 221 00:11:44,320 --> 00:11:47,160 Speaker 1: Danstack futures higher by thirty eight points ten, Your treasury 222 00:11:47,200 --> 00:11:49,640 Speaker 1: yield one point seven two per cent, and I'm ex 223 00:11:49,640 --> 00:11:52,120 Speaker 1: screwed up nine tenths per cent or seventy five cents 224 00:11:52,120 --> 00:11:55,880 Speaker 1: at eighty dollars one cents a barrel. Ahead of the 225 00:11:56,080 --> 00:11:59,640 Speaker 1: December payrolls report. We'll get a preview next with Bloomberg 226 00:11:59,600 --> 00:12:03,199 Speaker 1: Economics correspondent Michael McKy. Stay with us. This is Bloomberg 227 00:12:07,720 --> 00:12:09,959 Speaker 1: Bloomberg eleven three oh weather, the winter weather advisory and 228 00:12:10,000 --> 00:12:12,280 Speaker 1: effect all morning. Could see another inch on top of 229 00:12:12,280 --> 00:12:14,079 Speaker 1: the light snow this morning. The high in your thirty 230 00:12:14,080 --> 00:12:16,959 Speaker 1: five degrees, mostly sunny, low thirties tomorrow rain and a 231 00:12:17,040 --> 00:12:23,400 Speaker 1: high near forty on Sunday, currently snow in twenty nine markets, 232 00:12:23,520 --> 00:12:26,600 Speaker 1: headlines and breaking news twenty four hours a day at 233 00:12:26,600 --> 00:12:30,000 Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg 234 00:12:30,080 --> 00:12:39,319 Speaker 1: Quick Tape. This is a Bloomberg Business lash and I'm 235 00:12:39,400 --> 00:12:41,960 Speaker 1: Karen Moscow. US dot index future is on the rise 236 00:12:42,080 --> 00:12:44,720 Speaker 1: this morning, the dollar falling as risk taking returns to 237 00:12:44,840 --> 00:12:47,559 Speaker 1: markets at the end of a turbulent week with investors 238 00:12:47,600 --> 00:12:50,680 Speaker 1: wagh in US employment gains against the federal reserves policy 239 00:12:50,880 --> 00:12:54,240 Speaker 1: tightening lands. We check the markets every fifteen minutes throughout 240 00:12:54,240 --> 00:12:57,720 Speaker 1: the trading day on Bloomberg sp futures of eleven points 241 00:12:57,720 --> 00:12:59,800 Speaker 1: this morning, down futures at forty one as day a 242 00:12:59,840 --> 00:13:02,080 Speaker 1: few years of fifty one, the decks in Germany's down 243 00:13:02,120 --> 00:13:04,679 Speaker 1: a tenth of upper set, and your treasury down Moneth 244 00:13:04,679 --> 00:13:07,040 Speaker 1: thirty second he has one point seven two percent, a 245 00:13:07,120 --> 00:13:09,960 Speaker 1: yield on the two year point eight seven percent nim 246 00:13:10,000 --> 00:13:12,360 Speaker 1: X screwed oils of nine tenths percent or seventy one 247 00:13:12,360 --> 00:13:15,439 Speaker 1: cents at eighty dollar seventeen cents of barrel comic school 248 00:13:15,440 --> 00:13:19,280 Speaker 1: that will change at seventeen eighty nine. The euro one 249 00:13:19,320 --> 00:13:21,679 Speaker 1: point one three oh two against the dollar, British bound 250 00:13:21,679 --> 00:13:23,720 Speaker 1: one point three five four or five, and the NS 251 00:13:23,720 --> 00:13:26,440 Speaker 1: at one fifteen point eight three And checking bitcoin this 252 00:13:26,520 --> 00:13:29,600 Speaker 1: morning moving lower down one point nine percent at forty 253 00:13:29,679 --> 00:13:32,760 Speaker 1: two thousand, three hundred dollars. And that's a Bloomberg business flash. 254 00:13:32,760 --> 00:13:34,800 Speaker 1: Now here's Michael bar with more on what's going on 255 00:13:34,880 --> 00:13:38,320 Speaker 1: around the world. Michael Karen. The Supreme Court is taking 256 00:13:38,360 --> 00:13:40,839 Speaker 1: up two major Biden administration efforts to pump up the 257 00:13:40,920 --> 00:13:45,720 Speaker 1: nation's vaccination rate against COVID nineteen. The justices are hearing 258 00:13:45,800 --> 00:13:49,240 Speaker 1: arguments today about whether to allow the administration to enforce 259 00:13:49,280 --> 00:13:53,559 Speaker 1: a vaccine or testing requirements that applies to large employers 260 00:13:53,559 --> 00:13:57,640 Speaker 1: and a separate vaccine mandate for most healthcare workers. The 261 00:13:57,679 --> 00:14:00,920 Speaker 1: White House and US Postal Service are making final plans 262 00:14:01,080 --> 00:14:05,079 Speaker 1: to deliver five hundred million coronavirus test kits to households. 263 00:14:05,400 --> 00:14:09,200 Speaker 1: The Washington Post reports officials seek to begin shipments by 264 00:14:09,240 --> 00:14:12,079 Speaker 1: the middle of January. In the NBA, the Knicks beat 265 00:14:12,120 --> 00:14:14,959 Speaker 1: the Celtics one oh eight, one oh five. The Warriors lost. 266 00:14:15,480 --> 00:14:18,640 Speaker 1: In the NHL, the Devil's won, the Rangers and Bruins lost. 267 00:14:18,800 --> 00:14:21,240 Speaker 1: Global News twenty four hours a day on air and 268 00:14:21,360 --> 00:14:25,200 Speaker 1: on Bloomberg Quick Take, powered by more than twenty journalists 269 00:14:25,200 --> 00:14:28,360 Speaker 1: and analysts more than a hundred twenty countries. Michael Barr 270 00:14:28,360 --> 00:14:31,280 Speaker 1: and this is Bloomberg. Nathan, Okay, Michael, thank you. It 271 00:14:31,400 --> 00:14:33,800 Speaker 1: is six nineteen on Wall Street Live from the Bloomberg 272 00:14:33,840 --> 00:14:37,240 Speaker 1: Get Directed Brokers Studios. This is Bloomberg Day breaking as 273 00:14:37,280 --> 00:14:40,520 Speaker 1: we await the release of the December payrolls report. Were 274 00:14:40,600 --> 00:14:44,640 Speaker 1: joined this morning by Bloomberg Economics correspondent Michael McKee. Mike, 275 00:14:44,640 --> 00:14:47,600 Speaker 1: good morning. Seems like a lot of economists are expecting 276 00:14:47,640 --> 00:14:51,280 Speaker 1: an upside surprise after this week's blowout a DP number, 277 00:14:51,440 --> 00:14:53,680 Speaker 1: But as we've seen in the past, a DP doesn't 278 00:14:53,680 --> 00:14:57,760 Speaker 1: always line up with what the Labor Department puts out right. Yeah, 279 00:14:57,760 --> 00:15:02,240 Speaker 1: they don't match up in terms of the absolute magnitude. However, 280 00:15:02,280 --> 00:15:04,640 Speaker 1: they do kind of give an idea of the level 281 00:15:04,680 --> 00:15:08,160 Speaker 1: and direction that we're going in a DP. Finding a 282 00:15:08,200 --> 00:15:11,680 Speaker 1: big number for the month of December probably means that 283 00:15:11,960 --> 00:15:15,400 Speaker 1: Wall Street is gonna learn lean towards an upside surprise, 284 00:15:15,440 --> 00:15:17,120 Speaker 1: and that's what we're seeing in the the whisper numbers on 285 00:15:17,120 --> 00:15:19,880 Speaker 1: on Wall Street this morning. The market kind of looking 286 00:15:19,920 --> 00:15:22,840 Speaker 1: for about five hundred thousand. We started the week with 287 00:15:22,920 --> 00:15:26,000 Speaker 1: a look with expectation of the Bloomberg survey of four 288 00:15:26,040 --> 00:15:28,440 Speaker 1: hundred thousands, so we've moved up to four forty seven 289 00:15:28,440 --> 00:15:31,480 Speaker 1: for this morning. Uh, but again Wall Street looking for 290 00:15:31,520 --> 00:15:34,880 Speaker 1: a slightly higher number. And I guess we're wondering whether 291 00:15:34,920 --> 00:15:36,800 Speaker 1: we're gonna start to see a little bit of an 292 00:15:36,800 --> 00:15:40,280 Speaker 1: O Macron effect in this number. I mean, uh, I 293 00:15:40,320 --> 00:15:44,920 Speaker 1: think the December payrolls doesn't necessarily cover when O Macron 294 00:15:45,120 --> 00:15:49,240 Speaker 1: first emerged, but we might see maybe a little bit 295 00:15:49,240 --> 00:15:51,280 Speaker 1: of an effect there. You know, it's hard to be 296 00:15:51,600 --> 00:15:55,520 Speaker 1: hard to tell. The Establishment survey, which counts to the 297 00:15:55,600 --> 00:15:59,080 Speaker 1: number of jobs created or in this case probably jobs restored, 298 00:15:59,840 --> 00:16:03,240 Speaker 1: is taken in the the around the pay period that 299 00:16:03,320 --> 00:16:06,280 Speaker 1: includes the twelfth of the month, so uh, some people 300 00:16:06,320 --> 00:16:08,760 Speaker 1: get paid weekly, some bi weekly, so basically from the 301 00:16:08,760 --> 00:16:11,160 Speaker 1: first of the month to about the seventeenth. And oh, 302 00:16:11,200 --> 00:16:13,840 Speaker 1: Macron didn't really take off until after that. It was 303 00:16:14,000 --> 00:16:17,720 Speaker 1: starting to be in the news, but it wasn't in terms, 304 00:16:17,720 --> 00:16:20,280 Speaker 1: and the case counts weren't so large. So it is 305 00:16:20,320 --> 00:16:24,720 Speaker 1: also possible and this evidence maybe from a DP that 306 00:16:25,200 --> 00:16:26,880 Speaker 1: we could see a higher a bit of a hiring 307 00:16:27,000 --> 00:16:30,920 Speaker 1: surge in some service industry jobs because we were in 308 00:16:31,000 --> 00:16:34,760 Speaker 1: a little interregnum between Delta and O Macron and people 309 00:16:34,760 --> 00:16:38,920 Speaker 1: felt better about going out, which would be interesting to see. 310 00:16:38,960 --> 00:16:41,680 Speaker 1: But it's been really, uh, sort of a challenge to 311 00:16:42,000 --> 00:16:44,400 Speaker 1: gauge the health of the labor market, hasn't it When 312 00:16:44,400 --> 00:16:49,480 Speaker 1: we've seen sort of subdued weekly jobless claims over the 313 00:16:49,560 --> 00:16:52,600 Speaker 1: last several months. At the same time, though, the labor 314 00:16:52,640 --> 00:16:56,840 Speaker 1: force participation rate has really been stuck. This has been 315 00:16:56,880 --> 00:16:59,520 Speaker 1: one of the hardest time periods for economists to figure 316 00:16:59,520 --> 00:17:01,520 Speaker 1: out what's going on because there are no models for 317 00:17:01,600 --> 00:17:05,160 Speaker 1: what's happened shutting down in a direct economy and reopening it. 318 00:17:05,520 --> 00:17:08,800 Speaker 1: As the pandemic continues, and you have a lot of 319 00:17:08,840 --> 00:17:11,800 Speaker 1: people they call it the Great Resignation, who have decided 320 00:17:11,880 --> 00:17:14,119 Speaker 1: they're gonna stay on the sidelines, either permanently or for 321 00:17:14,240 --> 00:17:16,800 Speaker 1: quite some time, either because they were going to retire 322 00:17:16,840 --> 00:17:20,520 Speaker 1: anyways and it's been a baby boomer thing, or because 323 00:17:20,720 --> 00:17:23,600 Speaker 1: they built up enough savings from the government stimulus that 324 00:17:23,600 --> 00:17:25,800 Speaker 1: they can sit on the sidelines until they feel safer 325 00:17:25,840 --> 00:17:27,879 Speaker 1: about going back to work. And of course, now that 326 00:17:28,040 --> 00:17:29,960 Speaker 1: school's back in session, we have a lot of people 327 00:17:29,960 --> 00:17:33,920 Speaker 1: who are concerned about childcare if the schools are closed. 328 00:17:33,920 --> 00:17:37,080 Speaker 1: So a lot of things contribute to making this really 329 00:17:37,080 --> 00:17:40,080 Speaker 1: hard to forecast, and that points to the breakdown of 330 00:17:40,320 --> 00:17:44,040 Speaker 1: ages in the labor force participation rate as well. What's 331 00:17:44,080 --> 00:17:46,680 Speaker 1: the expectation going into this report about how that could 332 00:17:46,680 --> 00:17:50,000 Speaker 1: break down. Well, we're looking for a tick upward to 333 00:17:50,160 --> 00:17:53,760 Speaker 1: sixty one point nine in the labor force participation rate. 334 00:17:53,800 --> 00:17:56,639 Speaker 1: It was almost sixty three before the pandemic began, so 335 00:17:56,920 --> 00:17:59,840 Speaker 1: we've got a ways to go to catch up and 336 00:18:00,320 --> 00:18:03,600 Speaker 1: probably won't be doing that anytime soon, which keeps the 337 00:18:03,640 --> 00:18:07,560 Speaker 1: unemployment rate falling. The biggest departures from the labor force 338 00:18:07,600 --> 00:18:12,320 Speaker 1: are those who are older and older, but the prime 339 00:18:12,359 --> 00:18:15,200 Speaker 1: age workforce has started to come back, and we'll see 340 00:18:15,240 --> 00:18:17,919 Speaker 1: if that trend continues. And what's the trend when it 341 00:18:17,960 --> 00:18:21,160 Speaker 1: comes to wages. We've heard so many reports about businesses 342 00:18:21,200 --> 00:18:26,240 Speaker 1: offering big retention bonuses and raising regular wages as well. 343 00:18:26,920 --> 00:18:29,240 Speaker 1: What are we looking for there? That's the number of 344 00:18:29,240 --> 00:18:30,879 Speaker 1: the FED is going to be really concerned about. Are 345 00:18:30,880 --> 00:18:33,080 Speaker 1: we going to see some kind of a wage price spiral? 346 00:18:33,160 --> 00:18:36,240 Speaker 1: And for that we would need to see continuing increases 347 00:18:36,359 --> 00:18:38,840 Speaker 1: in wages. And it's kind of hard to know because 348 00:18:38,840 --> 00:18:40,920 Speaker 1: we're still trying to get back to where we were 349 00:18:41,119 --> 00:18:44,119 Speaker 1: with jobs. How much of this is a one time 350 00:18:44,440 --> 00:18:47,879 Speaker 1: increase because companies are trying to entice people back to 351 00:18:48,480 --> 00:18:50,920 Speaker 1: uh the office, and how much of it is an 352 00:18:50,960 --> 00:18:54,520 Speaker 1: ongoing We've got to keep raising wages because we can't 353 00:18:54,520 --> 00:18:56,720 Speaker 1: find anybody to work, which means we have to raise 354 00:18:56,800 --> 00:18:59,480 Speaker 1: prices to pay for it. Uh. That's gonna be something 355 00:18:59,520 --> 00:19:02,440 Speaker 1: to keep it out. And in our last thirty seconds here, 356 00:19:02,480 --> 00:19:04,920 Speaker 1: is there a risk that a downside surprise could shake 357 00:19:04,960 --> 00:19:07,879 Speaker 1: the FED when it comes to the path on policy tightening. 358 00:19:08,240 --> 00:19:10,920 Speaker 1: I wouldn't worry too much about a downside surprised because 359 00:19:10,920 --> 00:19:13,800 Speaker 1: the Fed's not tightening yet. It only would push back 360 00:19:13,880 --> 00:19:17,520 Speaker 1: the idea of radio increase in March. But if we 361 00:19:17,520 --> 00:19:20,600 Speaker 1: get a strong upside surprise, then you'll see a lot 362 00:19:20,640 --> 00:19:24,320 Speaker 1: of movement towards pricing in a definite move in March. 363 00:19:24,720 --> 00:19:29,000 Speaker 1: Are all right? Bloomberg Economics correspondent Michael McKee with us 364 00:19:29,240 --> 00:19:33,199 Speaker 1: this morning before the release of the final UH snapshot 365 00:19:33,440 --> 00:19:37,680 Speaker 1: on the US labor market. The December payrolls reporte do 366 00:19:37,760 --> 00:19:40,600 Speaker 1: out at eight thirty am Wall Street Time. Stay with 367 00:19:40,640 --> 00:19:44,119 Speaker 1: Bloomberg Radio and Bloomberg Television for complete coverage of the 368 00:19:44,200 --> 00:19:48,320 Speaker 1: numbers and analysis, including reaction from Labor Secretary Marty Wall. 369 00:19:48,400 --> 00:19:50,639 Speaker 1: She's gonna be joining us around ten am Wall Street 370 00:19:50,680 --> 00:19:53,200 Speaker 1: Time on both Bloomberg Radio and television. You'll definitely want 371 00:19:53,200 --> 00:19:56,000 Speaker 1: to tune in for that conversation. Looking ahead to the market, 372 00:19:56,040 --> 00:19:59,000 Speaker 1: open SMP futures are up eleven points, Staff futures up 373 00:19:59,040 --> 00:20:02,040 Speaker 1: fifty one. NEST future is also higher by fifty one points. 374 00:20:02,160 --> 00:20:08,399 Speaker 1: It turns out this is Bloomberg Bloomberg eleven three oh 375 00:20:08,440 --> 00:20:11,280 Speaker 1: Whether the winter weather advisory continues through the morning. Another 376 00:20:11,320 --> 00:20:15,120 Speaker 1: inch or so of snow possible behind your thirty five 377 00:20:15,160 --> 00:20:18,439 Speaker 1: degrees low thirties tomorrow rain near forty on Sunday, twenty 378 00:20:18,480 --> 00:20:25,760 Speaker 1: nine degrees. Right now, broadcasting live from the Bloomberg Interactive 379 00:20:25,800 --> 00:20:29,640 Speaker 1: Broker Studio in New York, Bloomberg E Living Freedom to Washington, 380 00:20:29,720 --> 00:20:34,000 Speaker 1: d C. Bloomberg to Boston Bloomberg one six one to 381 00:20:34,080 --> 00:20:37,400 Speaker 1: San Francisco Bloomberg and on sixty to the country Sirius 382 00:20:37,560 --> 00:20:40,080 Speaker 1: XM to the one nine and around the globe to 383 00:20:40,200 --> 00:20:44,040 Speaker 1: Bloomberg Business app and Bloomberg Radio dot Com. This is 384 00:20:44,080 --> 00:20:52,680 Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning. 385 00:20:52,680 --> 00:20:55,840 Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. Were just about 386 00:20:55,840 --> 00:20:58,160 Speaker 1: three hours away from the open of US training. Let's 387 00:20:58,200 --> 00:20:59,560 Speaker 1: get you up to date on the news. You need 388 00:20:59,600 --> 00:21:02,919 Speaker 1: to know what this hour. Snow blanketing the Northeast this morning. 389 00:21:02,960 --> 00:21:06,280 Speaker 1: More on that coming up with Bloomberg Meteorologists robbed Caroline. 390 00:21:06,280 --> 00:21:09,680 Speaker 1: But first futures are higher ahead of the December jobs 391 00:21:09,680 --> 00:21:12,680 Speaker 1: Your port economists are forecasting a rebound from last month 392 00:21:12,840 --> 00:21:15,399 Speaker 1: with the game of four hundred forty seven thousand jobs, 393 00:21:15,400 --> 00:21:18,280 Speaker 1: and we get more from Bloomberg's Vinie Del Judas. US 394 00:21:18,320 --> 00:21:21,040 Speaker 1: payroll broke mr Wall Street forecasts in November with a 395 00:21:21,119 --> 00:21:24,080 Speaker 1: tepid Game just two hundred ten thousand, the weekest showing 396 00:21:24,160 --> 00:21:29,120 Speaker 1: since December Bloomberg Economics as the COVID nineteen omicron variant 397 00:21:29,119 --> 00:21:31,840 Speaker 1: could weigh on the December data. At the same time, 398 00:21:31,840 --> 00:21:35,000 Speaker 1: weekly jobless claims remained near a half century low, running 399 00:21:35,000 --> 00:21:38,280 Speaker 1: at two hundred seven thousand, and US job openings have 400 00:21:38,320 --> 00:21:42,879 Speaker 1: been running at all time highs. Bloomberg Daybreak Penny thanks 401 00:21:42,960 --> 00:21:45,399 Speaker 1: trainers will be watching that job's data for any hints 402 00:21:45,400 --> 00:21:48,719 Speaker 1: on future FED policy. St. Louis Fed President Jim Bullet 403 00:21:48,760 --> 00:21:50,880 Speaker 1: is weighing in. He says the Central Bank could start 404 00:21:50,960 --> 00:21:53,720 Speaker 1: hiking rates as soon as March. Well, Nathan, The FEDS 405 00:21:53,760 --> 00:21:56,640 Speaker 1: also watching the pandemic as COVID cases continue to come 406 00:21:56,640 --> 00:22:00,080 Speaker 1: in near record highs. Testing also remains an issue, and 407 00:22:00,160 --> 00:22:02,520 Speaker 1: now the Washington Poster Ports and White House is working 408 00:22:02,560 --> 00:22:05,200 Speaker 1: on a plan to deliver five hundred million test kits 409 00:22:05,280 --> 00:22:07,720 Speaker 1: to households. Now Let's turn to markets here, and shares 410 00:22:07,760 --> 00:22:10,960 Speaker 1: of game Stop are up nine in early trading. Bloomberg 411 00:22:11,000 --> 00:22:13,160 Speaker 1: News has learned the company plans to launch a marketplace 412 00:22:13,200 --> 00:22:15,320 Speaker 1: for non fungible tokens by the end of the year. 413 00:22:15,359 --> 00:22:18,280 Speaker 1: We get more from Bloomberg's Charlie Pellet. The source says 414 00:22:18,320 --> 00:22:22,000 Speaker 1: it's in talks with crypto and blockchain companies about which 415 00:22:22,040 --> 00:22:25,560 Speaker 1: tokens could be used on the nf team marketplace. It's 416 00:22:25,600 --> 00:22:28,560 Speaker 1: also said to be discussing with partners the potential for 417 00:22:28,680 --> 00:22:31,159 Speaker 1: creating a number of funds of up to one hundred 418 00:22:31,280 --> 00:22:34,640 Speaker 1: million dollars each to invest in n f T content 419 00:22:34,800 --> 00:22:38,359 Speaker 1: creators and gaming companies. Over the last few months, the 420 00:22:38,400 --> 00:22:40,800 Speaker 1: source says game Stop has assembled a team of more 421 00:22:40,840 --> 00:22:44,520 Speaker 1: than twenty people that's focused on the crypto related push 422 00:22:45,160 --> 00:22:48,399 Speaker 1: in New York. Charlie Pellet Bloomberg Daybreak. All right, Charlie, 423 00:22:48,400 --> 00:22:51,280 Speaker 1: thank you, and Bitcoin is falling this morning. This latest 424 00:22:51,280 --> 00:22:53,919 Speaker 1: slide has the digital token now trading at its lowest 425 00:22:54,000 --> 00:22:57,359 Speaker 1: level since September. It's off about from its record reached 426 00:22:57,359 --> 00:23:00,719 Speaker 1: in November and checking Bitcoin right now down more than 427 00:23:00,800 --> 00:23:04,680 Speaker 1: two percent at forty two thousand, two hundred dollars. Futures 428 00:23:04,720 --> 00:23:07,560 Speaker 1: are higher, SNP Future is up ten points Down Future 429 00:23:07,600 --> 00:23:10,520 Speaker 1: is up thirty two. Nasday Future is up fifty. The 430 00:23:10,600 --> 00:23:13,359 Speaker 1: decks in Germany's down two tenths of upper cent ten. 431 00:23:13,440 --> 00:23:15,800 Speaker 1: Your treasury little change you at one point seven two 432 00:23:15,800 --> 00:23:18,040 Speaker 1: percent in the yield on the two year point eight 433 00:23:18,160 --> 00:23:21,359 Speaker 1: seven percent. Non max screwed oils up seven ten percent 434 00:23:21,440 --> 00:23:23,959 Speaker 1: or fifty five cents at eighty dollars one cent a barrel. 435 00:23:24,200 --> 00:23:26,920 Speaker 1: And comexs gold is up a tenth of a percent, 436 00:23:27,440 --> 00:23:30,399 Speaker 1: and straight ahead your latest local headlines. As well. As 437 00:23:30,400 --> 00:23:32,720 Speaker 1: I checked on the snow, we checked sports as well, 438 00:23:32,760 --> 00:23:39,720 Speaker 1: and this is Bloomberg all right, Karen, thank you? Six 439 00:23:39,760 --> 00:23:42,480 Speaker 1: thirty three on Wall Street, twenty eight degrees in Central Park. 440 00:23:42,600 --> 00:23:45,120 Speaker 1: Is that snow continues to fall and cause a lot 441 00:23:45,200 --> 00:23:49,159 Speaker 1: of accidents on the roads this morning, Michael Barr, what's 442 00:23:49,160 --> 00:23:52,679 Speaker 1: going on? Oh my? The snowy weather zoom backing the 443 00:23:52,760 --> 00:23:55,760 Speaker 1: Tri State area in New Jersey, Governor Phil Murphy has 444 00:23:55,800 --> 00:23:59,320 Speaker 1: declared a state of emergency. Winter storm Mornings have also 445 00:23:59,359 --> 00:24:03,119 Speaker 1: been issued for Long Island. In Connecticut, Governor ned La 446 00:24:03,160 --> 00:24:05,960 Speaker 1: Matez closed state offices. Let's get a look at the 447 00:24:05,960 --> 00:24:10,200 Speaker 1: weather system that's causing headaches with Bloomberg meteorologious Rob Caroline. Michael. 448 00:24:10,240 --> 00:24:12,440 Speaker 1: The snow across the Tri state area will taper off 449 00:24:12,440 --> 00:24:15,040 Speaker 1: an end around midday, it's already ending down around the 450 00:24:15,080 --> 00:24:17,960 Speaker 1: Washington area, and that trend will work its way towards 451 00:24:18,000 --> 00:24:20,320 Speaker 1: the north and east. This morning. Again, the worst of 452 00:24:20,320 --> 00:24:22,040 Speaker 1: the weather is going to be off to our north 453 00:24:22,080 --> 00:24:24,240 Speaker 1: and east, out out towards New England, where they could 454 00:24:24,240 --> 00:24:26,600 Speaker 1: see over half a foot in some spots. Much of 455 00:24:26,600 --> 00:24:28,600 Speaker 1: the Tri state area picking up a couple of inches 456 00:24:28,640 --> 00:24:31,399 Speaker 1: and again improving conditions for the afternoon. I expect the 457 00:24:31,400 --> 00:24:34,080 Speaker 1: afternoon commute to be much better than this morning's. Michael, 458 00:24:34,520 --> 00:24:37,760 Speaker 1: Thanks Rob. Emergency preparations are underway to get the streets 459 00:24:37,800 --> 00:24:41,000 Speaker 1: in shape because of the winter weather. New York Sanitation 460 00:24:41,000 --> 00:24:43,960 Speaker 1: Commissioner ed Grayson says the city is well prepared for 461 00:24:44,000 --> 00:24:46,359 Speaker 1: the snow in the end of the day. We have 462 00:24:46,440 --> 00:24:48,399 Speaker 1: a very robust number of staff to be able to 463 00:24:48,400 --> 00:24:51,040 Speaker 1: man all about a full soft spread of compliment, a 464 00:24:51,119 --> 00:24:54,080 Speaker 1: large number of clouds on extended towards We're gonna shift 465 00:24:54,080 --> 00:24:57,760 Speaker 1: our operation to two twelve hour days. Edward Grayson of 466 00:24:57,920 --> 00:25:00,840 Speaker 1: New York Sanitation Department says there are ready despite a 467 00:25:02,040 --> 00:25:06,119 Speaker 1: staff shortage due to COVID and as Rob Carolin mentioned, 468 00:25:06,359 --> 00:25:10,240 Speaker 1: many areas will get about several inches of snow, but 469 00:25:10,640 --> 00:25:14,879 Speaker 1: other areas under the emergency could get up to six 470 00:25:14,920 --> 00:25:18,359 Speaker 1: inches maybe more. Three white men convicted of murder in 471 00:25:18,400 --> 00:25:21,000 Speaker 1: the deadly chase and shooting of Ahmad Aubrey are due 472 00:25:21,000 --> 00:25:24,640 Speaker 1: back in court for sentencing today. Georgia jury and November 473 00:25:24,680 --> 00:25:27,399 Speaker 1: found father and son greg and Travis McMichael and their 474 00:25:27,400 --> 00:25:30,280 Speaker 1: neighbor William Bryan, guilty of murder in the killing of 475 00:25:30,320 --> 00:25:34,200 Speaker 1: the year old black man. University of Georgia Law chair 476 00:25:34,280 --> 00:25:38,359 Speaker 1: Emeritus Ron Carlson says it's likely the judge already has 477 00:25:38,400 --> 00:25:40,959 Speaker 1: an idea of what the sentence will be. The jury's 478 00:25:41,000 --> 00:25:43,919 Speaker 1: verge sent a message that visual handed justice will not 479 00:25:44,080 --> 00:25:48,080 Speaker 1: be tolerated, and the chances are the judge will reinforce 480 00:25:48,200 --> 00:25:52,280 Speaker 1: that message. Emeritus Ron Carlson says it's unclear whether the 481 00:25:52,560 --> 00:25:56,800 Speaker 1: Michaels and Brian will speak publicly during sentencing. The mandatory 482 00:25:56,840 --> 00:26:00,600 Speaker 1: minimum is life in prison. Representative Adam Kenzinger of Illinois, 483 00:26:00,800 --> 00:26:03,800 Speaker 1: only one of two Republicans on the Householuct Committee investigating 484 00:26:03,840 --> 00:26:07,400 Speaker 1: the January six capital attack, reflected on that day, Kinsinger 485 00:26:07,480 --> 00:26:10,760 Speaker 1: told Bloombridge Joe Matthew the Republican party divide could get worse. 486 00:26:11,320 --> 00:26:15,600 Speaker 1: I think leaders had an opportunity after January six to 487 00:26:15,840 --> 00:26:18,840 Speaker 1: stand together and actually do what the title says, to 488 00:26:19,040 --> 00:26:23,680 Speaker 1: lead and say, look, this election wasn't storm representative Kinsinger 489 00:26:23,720 --> 00:26:25,800 Speaker 1: Global News twenty four hours a day on a errand 490 00:26:25,840 --> 00:26:27,680 Speaker 1: on Bloomberg Quick Take Power about more than the twenties 491 00:26:27,680 --> 00:26:30,280 Speaker 1: seven hundred journalists analysts more than a hundred twenty countries. 492 00:26:30,440 --> 00:26:33,280 Speaker 1: I'm Michael barn This is Bloomberg native. Okay, Michael, thanks 493 00:26:37,720 --> 00:26:40,080 Speaker 1: sixty six on Wall Street time for the Bloomberg Sports. 494 00:26:40,080 --> 00:26:42,400 Speaker 1: I think here's John's stating, all right, Nathan. The Knicks 495 00:26:42,480 --> 00:26:45,240 Speaker 1: and ceth Tics opened the season with a double overtime. 496 00:26:45,359 --> 00:26:47,880 Speaker 1: Knicks went at the Garden. Their game last night may 497 00:26:47,920 --> 00:26:50,359 Speaker 1: have topped that one for drama. The Knicks trailed by 498 00:26:50,400 --> 00:26:53,840 Speaker 1: as much as five, didn't take their first lead until 499 00:26:53,880 --> 00:26:56,679 Speaker 1: just over two minutes to play the Celtics. Jason Tatum 500 00:26:56,720 --> 00:26:59,080 Speaker 1: had a game time shot for a second and a 501 00:26:59,080 --> 00:27:02,280 Speaker 1: half ago, so it looked like overtime again. R J. 502 00:27:02,480 --> 00:27:05,639 Speaker 1: Barrett banked in a three pointer at the buzzer Nicks 503 00:27:05,640 --> 00:27:08,880 Speaker 1: one one oh eight type of shot. You know Jason 504 00:27:08,960 --> 00:27:12,520 Speaker 1: is so tall, but uh yeah, I mean every talk 505 00:27:12,520 --> 00:27:15,240 Speaker 1: about shoot, I think he's going in. Man. That was crazy. 506 00:27:15,560 --> 00:27:17,960 Speaker 1: Honestly didn't even I didn't even really see it because 507 00:27:18,000 --> 00:27:20,119 Speaker 1: I failed. I didn't even see it go in. But 508 00:27:20,600 --> 00:27:24,600 Speaker 1: just from everybody else's reaction in Marcatel, that was cool. Barrett, 509 00:27:24,600 --> 00:27:27,000 Speaker 1: who scored thirty two points in the win the other night, 510 00:27:27,080 --> 00:27:30,160 Speaker 1: had shot only three or fourteen before hitting that game winner. 511 00:27:30,200 --> 00:27:33,040 Speaker 1: Evan Fourny, who did not score a single point in 512 00:27:33,119 --> 00:27:35,959 Speaker 1: that recent went over Indiana last night, erupted for a 513 00:27:36,000 --> 00:27:38,760 Speaker 1: career high forty one point. He tied a Knicks record 514 00:27:38,800 --> 00:27:41,440 Speaker 1: with ten three pointers. He made ten of fourteen and 515 00:27:41,520 --> 00:27:44,600 Speaker 1: three games versus his former team this season, Fournier is 516 00:27:44,640 --> 00:27:47,840 Speaker 1: averaging thirty six, far and away his best three games 517 00:27:47,840 --> 00:27:50,240 Speaker 1: with Nick. Emanuel quickly played a big role in the comeback. 518 00:27:50,280 --> 00:27:53,480 Speaker 1: He sports sixteen. Tatum led Boston with thirty six. Same 519 00:27:53,560 --> 00:27:57,240 Speaker 1: two teams again tomorrow night in Boston. Next tonight host Milwaukee. 520 00:27:57,359 --> 00:27:59,840 Speaker 1: The Rangers lost five one in Vegas. Chris Pryor. The 521 00:27:59,840 --> 00:28:02,720 Speaker 1: only Ranger goal is one Devil's Great Columbus, three to 522 00:28:02,800 --> 00:28:05,280 Speaker 1: want Jack do a goal and two and six mart 523 00:28:05,320 --> 00:28:09,200 Speaker 1: Olevan you taught Jackson or Rudy Gobert came the first 524 00:28:09,200 --> 00:28:12,640 Speaker 1: athlete and knowingly test positive for COVID. The NBA immediately 525 00:28:12,640 --> 00:28:17,160 Speaker 1: shut down. Everyone else followed. Stood yesterday Gobert tested positive 526 00:28:17,320 --> 00:28:21,239 Speaker 1: against are Blombergs towards Thank you, Johnny is coming up 527 00:28:21,240 --> 00:28:22,919 Speaker 1: to six thirty eight on Wall Street Time to take 528 00:28:22,960 --> 00:28:24,560 Speaker 1: a look at stock some of the names moving in 529 00:28:24,600 --> 00:28:28,080 Speaker 1: the pre market. Bloomberg, Radio and TV markets corresponded, Creedy 530 00:28:28,160 --> 00:28:30,760 Speaker 1: Gupta is with us this morning, starting off with a 531 00:28:30,880 --> 00:28:35,120 Speaker 1: meme stock name that's looking to the future, apparently, Creedy. Yeah. 532 00:28:35,160 --> 00:28:37,280 Speaker 1: I mean a year ago, Nathan, we were in the 533 00:28:37,320 --> 00:28:40,000 Speaker 1: middle of a meme stock frenzy, and it's like we're 534 00:28:40,000 --> 00:28:43,320 Speaker 1: starting two to the same degree, except this time there 535 00:28:43,400 --> 00:28:45,520 Speaker 1: might be some fundamentals to back it up. Game stop 536 00:28:45,760 --> 00:28:48,560 Speaker 1: gm e's your takers soaring nineteen percent in the pre 537 00:28:48,640 --> 00:28:50,920 Speaker 1: market after they announced or I should say DA Johns 538 00:28:50,960 --> 00:28:53,680 Speaker 1: reported that they entered there are entering, sees me the 539 00:28:53,760 --> 00:28:55,760 Speaker 1: n f T and crypto markets trying to build an 540 00:28:55,800 --> 00:28:58,640 Speaker 1: online marketplace that will launch later this year. It sounds 541 00:28:58,680 --> 00:29:01,840 Speaker 1: like they've already hired about twenty people to build out 542 00:29:01,880 --> 00:29:04,520 Speaker 1: the operation, and, like you said, in anticipation of that 543 00:29:04,640 --> 00:29:06,880 Speaker 1: launch later this year, where they will be partnering with 544 00:29:06,960 --> 00:29:10,080 Speaker 1: some of those crypto makers and other major partnerships. So 545 00:29:10,160 --> 00:29:14,400 Speaker 1: once again, gmmy is your taker this morning. Up, let's 546 00:29:14,400 --> 00:29:16,720 Speaker 1: just take a look at the chip maker space, because 547 00:29:16,720 --> 00:29:21,400 Speaker 1: Samsung reported quarterly profit that climbed more than after chip 548 00:29:21,400 --> 00:29:25,280 Speaker 1: prices stabilized and sales of smartphones also surged, reinforcing the 549 00:29:25,280 --> 00:29:29,080 Speaker 1: hopes that maybe, just maybe the memory industry will re emerge. 550 00:29:29,320 --> 00:29:31,320 Speaker 1: So you are seeing some of those chip makers rally 551 00:29:31,400 --> 00:29:35,160 Speaker 1: in sympathy. MU Micron Technology up seven tenths of a percent, 552 00:29:35,200 --> 00:29:37,440 Speaker 1: and and video as well, m v d A up 553 00:29:37,480 --> 00:29:39,840 Speaker 1: eight tenths of a percent. We shouldn't move on to 554 00:29:39,920 --> 00:29:43,560 Speaker 1: T Mobile though, falling though, after the company reported preliminary 555 00:29:43,600 --> 00:29:46,360 Speaker 1: post paid phone churn for the fourth quarter that was 556 00:29:46,400 --> 00:29:49,960 Speaker 1: worse than analysts had projected. Essentially, the reported earnings that 557 00:29:49,960 --> 00:29:52,680 Speaker 1: were pretty good their estimates for fourth quarter growth, capping 558 00:29:52,680 --> 00:29:56,120 Speaker 1: its biggest ever annual gain. But this is the big, 559 00:29:56,200 --> 00:30:00,520 Speaker 1: big hitter. Basically, they predicted an industry slowdown into twenty 560 00:30:00,600 --> 00:30:03,360 Speaker 1: two as carriers move away from the free phone promotions 561 00:30:03,400 --> 00:30:05,680 Speaker 1: that have fueled such a frenzy of sign ups in 562 00:30:05,720 --> 00:30:07,800 Speaker 1: the first place. T M U s A is your ticker. 563 00:30:07,840 --> 00:30:11,200 Speaker 1: They're down one point four percent. I'll wrap it up here, Nathan, 564 00:30:11,400 --> 00:30:15,400 Speaker 1: with dear expecting a quote slow rollout of autonomous tractors 565 00:30:15,400 --> 00:30:18,320 Speaker 1: this year, the chief technology officer telling Bloomberg's very own 566 00:30:18,400 --> 00:30:20,800 Speaker 1: Edlow that the company will roll out between ten and 567 00:30:20,920 --> 00:30:25,040 Speaker 1: fifty such tractors this year. D E is your ticker? 568 00:30:25,040 --> 00:30:27,120 Speaker 1: They're up nine tenths of a percent? Nathan, All right, 569 00:30:27,120 --> 00:30:29,760 Speaker 1: real quickly, Creedy, let's run through some analyst calls. Yeah, well, 570 00:30:29,840 --> 00:30:31,400 Speaker 1: let's just go with a big one here, Coals, it 571 00:30:31,440 --> 00:30:33,719 Speaker 1: looks like it's the big call here. Kss. Is your 572 00:30:33,760 --> 00:30:38,720 Speaker 1: ticker dropping after UBS downgrades it UH to a cell 573 00:30:38,840 --> 00:30:41,280 Speaker 1: and slash the price target to a Wall Street low 574 00:30:41,760 --> 00:30:45,360 Speaker 1: on the challenging outlook for the stock in two on 575 00:30:45,400 --> 00:30:48,360 Speaker 1: inflationary pressure. Coals taking a beating this morning, down three 576 00:30:49,120 --> 00:30:52,360 Speaker 1: the pre market. Alright, Bloomberg Radio TV Markets correspondent Creedy 577 00:30:52,400 --> 00:30:55,680 Speaker 1: goofta happy weekend when it comes around. Thanks for the update, 578 00:30:55,720 --> 00:30:57,680 Speaker 1: and as we take a look at stocks as a 579 00:30:57,680 --> 00:31:00,000 Speaker 1: whole ahead of the Friday morning open and the release 580 00:31:00,040 --> 00:31:03,480 Speaker 1: to the December payrolls report, futures are picking up. SMP 581 00:31:03,600 --> 00:31:06,480 Speaker 1: futures up almost ten points, now down futures up thirty 582 00:31:06,560 --> 00:31:10,360 Speaker 1: NASTACK futures higher by forty nine points. Little change to 583 00:31:10,400 --> 00:31:13,120 Speaker 1: the tenure the yield on the benchmark tenure note one 584 00:31:13,240 --> 00:31:23,040 Speaker 1: point seven two. Stay with us. This is Bloomberg, Bloomberg 585 00:31:23,040 --> 00:31:25,320 Speaker 1: eleven three oh weather light, snow. We'll end this morning, 586 00:31:25,320 --> 00:31:27,920 Speaker 1: maybe another inch of accumulation with a higher thirty five 587 00:31:28,000 --> 00:31:31,920 Speaker 1: low thirty sunshine Tomorrow rain Sunday afternoon with a high 588 00:31:31,920 --> 00:31:39,080 Speaker 1: near forty currently twenty eight snowy degrees. Markets, headlines and 589 00:31:39,200 --> 00:31:42,480 Speaker 1: breaking news twenty four hours a day at Bloomberg dot com, 590 00:31:42,560 --> 00:31:46,200 Speaker 1: the Bloomberg Business at and at Bloomberg Rictape is a 591 00:31:46,240 --> 00:31:55,160 Speaker 1: Bloomberg Business flash. And I'm camerin Moscow and this update 592 00:31:55,240 --> 00:31:58,560 Speaker 1: is brought to you by Sei Christies emphasized character and partnership, 593 00:31:58,600 --> 00:32:01,200 Speaker 1: one mission, one community. See I go to se i 594 00:32:01,240 --> 00:32:04,760 Speaker 1: C dot com slash I m S and futures. They're 595 00:32:04,800 --> 00:32:07,920 Speaker 1: on the rise this morning, ahead of that December jobs 596 00:32:07,920 --> 00:32:09,680 Speaker 1: are poured and we go to the first word breaking 597 00:32:09,680 --> 00:32:12,520 Speaker 1: news dance for today's morning call. Here's Ben Baloney ebil, 598 00:32:12,560 --> 00:32:16,000 Speaker 1: Good morning and good morning Karen. Modest gains in the 599 00:32:16,000 --> 00:32:18,720 Speaker 1: futures right now death futures of twenty two points. SUPs 600 00:32:18,760 --> 00:32:21,200 Speaker 1: are up ten well than as a futures rise by 601 00:32:21,280 --> 00:32:24,680 Speaker 1: fifty two. The US ten yeld at one point seven 602 00:32:24,720 --> 00:32:27,800 Speaker 1: two percent, Gold is little changed, Oil trading higher, and 603 00:32:27,880 --> 00:32:31,440 Speaker 1: bitcoin is down by two. Japan was a little changed overnight, 604 00:32:31,480 --> 00:32:34,400 Speaker 1: while up markets are quiet this morning, and back in 605 00:32:34,440 --> 00:32:36,480 Speaker 1: the US on the economic front, like you said a 606 00:32:36,880 --> 00:32:40,760 Speaker 1: thirty December jobs report after Belts night, T mobile customer 607 00:32:40,840 --> 00:32:44,880 Speaker 1: churn missed estimates and regarding earnings this morning, Acuity Brands 608 00:32:44,920 --> 00:32:48,239 Speaker 1: q N just STPs beat estimates and other news. Game 609 00:32:48,280 --> 00:32:51,480 Speaker 1: Stop is jumping sent pre market as a company plans 610 00:32:51,480 --> 00:32:54,240 Speaker 1: to launch a marketplace for n f T s and 611 00:32:54,320 --> 00:32:57,080 Speaker 1: wrapping things up. M customers raised top perform at Credit 612 00:32:57,080 --> 00:33:00,880 Speaker 1: Sweez Starbucks cut to sector perform at RBC. Coles was 613 00:33:00,920 --> 00:33:03,680 Speaker 1: got to sell ubs on inflationary pressure in a T 614 00:33:03,840 --> 00:33:07,240 Speaker 1: and T was raised to equoit over at Wells far Ago. 615 00:33:07,840 --> 00:33:11,120 Speaker 1: Live from the first REKA News discom Bill Maloney camp alright, Bill, 616 00:33:11,160 --> 00:33:13,240 Speaker 1: thank you, and to hear live breaking news over her Bloomberg. 617 00:33:13,280 --> 00:33:16,320 Speaker 1: Have squawk on your terminal SCU A w K and 618 00:33:16,320 --> 00:33:18,800 Speaker 1: that's a Bloomberg business Flash. Now here's Michael Barr with 619 00:33:18,840 --> 00:33:21,480 Speaker 1: more on what's going on around the world. Michael Karen, 620 00:33:21,520 --> 00:33:23,360 Speaker 1: thank you, very much. The Northeast is going to a 621 00:33:23,480 --> 00:33:26,120 Speaker 1: visit from Old Man Winter. New Jersey is under a 622 00:33:26,160 --> 00:33:28,920 Speaker 1: state of emergency because of a winter storm that can 623 00:33:29,040 --> 00:33:32,920 Speaker 1: dump up to six inches of snow. Connecticut closed state offices. 624 00:33:33,000 --> 00:33:36,640 Speaker 1: New York City has floyd about sixteen hundred plows throughout 625 00:33:36,680 --> 00:33:39,960 Speaker 1: the city. Three white men convicted of murder in Georgia 626 00:33:40,120 --> 00:33:42,920 Speaker 1: in the deadly chase and shooting of Amandabree are due 627 00:33:42,920 --> 00:33:46,520 Speaker 1: back in court for sentencing today. Father and son Greg 628 00:33:46,560 --> 00:33:50,280 Speaker 1: and Travis McMichael, and their neighbor William Bryan are expected 629 00:33:50,320 --> 00:33:53,240 Speaker 1: to get life in prison. North Korea says it will 630 00:33:53,240 --> 00:33:57,000 Speaker 1: skip next month's Beijing Olympics because of the COVID nineteen 631 00:33:57,040 --> 00:34:02,560 Speaker 1: pandemic and hostile forces move. Its statement is largely redundant 632 00:34:02,600 --> 00:34:04,959 Speaker 1: since it has already been suspended from the games by 633 00:34:05,000 --> 00:34:07,600 Speaker 1: the I o C. In the NBA, the Nikes beat 634 00:34:07,600 --> 00:34:10,759 Speaker 1: the Celtics one O eight, one oh five. The Warriors lost. 635 00:34:10,880 --> 00:34:14,120 Speaker 1: In the NHL, the Devil's won, the Rangers and Bruins lost. 636 00:34:14,280 --> 00:34:17,200 Speaker 1: Global News twenty four hours a day on air and 637 00:34:17,400 --> 00:34:20,520 Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven under 638 00:34:20,560 --> 00:34:23,399 Speaker 1: journalists and analysts, more than a hundred twenty countries. I'm 639 00:34:23,440 --> 00:34:26,680 Speaker 1: Michael Barr, and this is Bloomberg. Karen alright, Michael, thank 640 00:34:26,719 --> 00:34:29,200 Speaker 1: you At sixty nine on Wall Street. Less turn to 641 00:34:29,239 --> 00:34:32,000 Speaker 1: news in science and Technology now with a Bloomberg n 642 00:34:32,080 --> 00:34:34,640 Speaker 1: j I T STEM report, brought to you by New 643 00:34:34,760 --> 00:34:37,520 Speaker 1: Jersey Institute of Technology, ranked in the top two percent 644 00:34:37,680 --> 00:34:40,520 Speaker 1: nationally for alumni mid career earnings and number one in 645 00:34:40,600 --> 00:34:43,920 Speaker 1: the nation for student upward economic mobility. Learn more at 646 00:34:44,040 --> 00:34:46,319 Speaker 1: n j I T dot e DU now Here's what's 647 00:34:46,360 --> 00:34:49,600 Speaker 1: making news and science, technology, engineering and math. One of 648 00:34:49,680 --> 00:34:52,960 Speaker 1: the first studies to track whether COVID nineteen vaccinations might 649 00:34:53,000 --> 00:34:57,200 Speaker 1: affect women's periods found a small and temporary change. Research 650 00:34:57,320 --> 00:35:00,640 Speaker 1: track nearly four thousand US women through six months real cycles, 651 00:35:00,680 --> 00:35:03,520 Speaker 1: and on average, the next period after a shot started 652 00:35:03,560 --> 00:35:05,920 Speaker 1: about a day later than usual, but there was no 653 00:35:06,080 --> 00:35:08,239 Speaker 1: change in the number of days of menstrual bleeding after 654 00:35:08,360 --> 00:35:12,040 Speaker 1: COVID nineteen vaccination. Bank of America is pushing back its 655 00:35:12,080 --> 00:35:14,720 Speaker 1: return to office another week. The company is now encouraging 656 00:35:14,840 --> 00:35:17,880 Speaker 1: US employees to work remotely through the week starting Monday 657 00:35:17,920 --> 00:35:21,000 Speaker 1: while it evaluates its next move. The bank also continued 658 00:35:21,000 --> 00:35:24,280 Speaker 1: to encourage workers to get fully vaccinated and received booster shots, 659 00:35:24,520 --> 00:35:27,520 Speaker 1: although it stopped short of a full mandate, and COVID 660 00:35:27,640 --> 00:35:31,000 Speaker 1: is also impacting the gaming industry. E three, the biggest 661 00:35:31,000 --> 00:35:34,319 Speaker 1: annual video game expo in the country, canceled its event 662 00:35:34,440 --> 00:35:37,280 Speaker 1: in June. Calling off the conference five months in advance 663 00:35:37,360 --> 00:35:40,880 Speaker 1: is unusual. C S, the largest consumer electronics show in 664 00:35:40,960 --> 00:35:43,400 Speaker 1: the US, pressed ahead with its event this week in 665 00:35:43,480 --> 00:35:47,719 Speaker 1: Las Vegas, even as the omicron variant surges. And that's 666 00:35:47,760 --> 00:35:51,399 Speaker 1: the Bloomberg and j I t Stem report. Nathan, Thank you, Karen. 667 00:35:51,440 --> 00:35:54,120 Speaker 1: We are live from the Bloomberg Interactive Brokers studios where 668 00:35:54,120 --> 00:35:56,400 Speaker 1: at six fifty one on Wall Street. I'm not to 669 00:35:56,520 --> 00:35:58,640 Speaker 1: check what's going on in d C. Some of the 670 00:35:58,719 --> 00:36:01,480 Speaker 1: top stories from our Nations Appital include Congress marking a 671 00:36:01,600 --> 00:36:04,200 Speaker 1: year since the January sixth thread and showing the wounds 672 00:36:04,400 --> 00:36:07,439 Speaker 1: still run deep, the White House finalizing plans to ship 673 00:36:07,560 --> 00:36:11,040 Speaker 1: COVID test kits to millions of American homes, and a 674 00:36:11,120 --> 00:36:13,719 Speaker 1: watchdog reportedly warning that the Department of Health and Human 675 00:36:13,800 --> 00:36:18,000 Speaker 1: Services is unprepared to take over the nation's vaccine program. 676 00:36:18,239 --> 00:36:20,800 Speaker 1: More and all. These stories were joined by Bloomberg Government 677 00:36:20,840 --> 00:36:24,560 Speaker 1: reporter Emily Wilkins from the nation's capital. Emily, good morning. 678 00:36:24,600 --> 00:36:27,920 Speaker 1: Of course, we had hours of events yesterday on Capitol 679 00:36:28,000 --> 00:36:30,440 Speaker 1: Hill looking back at the events of January six, and 680 00:36:30,760 --> 00:36:34,840 Speaker 1: it really seemed to show the division that still persists 681 00:36:34,880 --> 00:36:39,120 Speaker 1: in this country. Yeah, I think the biggest image from 682 00:36:39,239 --> 00:36:43,000 Speaker 1: yesterday was in the House Chamber as Speaker Nancy plusi 683 00:36:43,320 --> 00:36:46,560 Speaker 1: u to speech commemorating January six. I was in the 684 00:36:46,640 --> 00:36:50,200 Speaker 1: gallery at the time, and you could see a handful 685 00:36:50,280 --> 00:36:53,360 Speaker 1: of Democrats who have come made the trip back to Washington. 686 00:36:53,440 --> 00:36:55,200 Speaker 1: They're not in session this week, but they made the 687 00:36:55,239 --> 00:36:57,920 Speaker 1: trip to be here um and and to sort of 688 00:36:58,000 --> 00:37:00,840 Speaker 1: just stand in recognition. And then you looked over to 689 00:37:00,920 --> 00:37:03,520 Speaker 1: the Republican side of the chamber and it was almost 690 00:37:03,560 --> 00:37:07,279 Speaker 1: completely empty. The only two Republican officials who were there 691 00:37:07,680 --> 00:37:10,759 Speaker 1: were Liz Cheney and her father, Dick Cheney. And as 692 00:37:10,920 --> 00:37:13,480 Speaker 1: they exited the chamber, UM, I was a part of 693 00:37:13,520 --> 00:37:16,520 Speaker 1: a group of reporters who asked Dick Cheney, you know 694 00:37:16,600 --> 00:37:19,279 Speaker 1: why he decided to come today and what he thought 695 00:37:19,320 --> 00:37:22,359 Speaker 1: about current Republican leadership, And the response that he gave 696 00:37:22,480 --> 00:37:26,920 Speaker 1: us was that Republican leaders today he didn't recognize them 697 00:37:27,400 --> 00:37:30,520 Speaker 1: from the folks that he worked with. When he was 698 00:37:30,640 --> 00:37:33,719 Speaker 1: in power as vice president, and I think that was 699 00:37:33,800 --> 00:37:40,720 Speaker 1: sort of a really powerful image summarizing where Congress stands 700 00:37:40,840 --> 00:37:45,360 Speaker 1: today a year after January six. UM, most Republicans weren't 701 00:37:45,360 --> 00:37:47,000 Speaker 1: even on the Hill. A number of them were at 702 00:37:47,040 --> 00:37:50,799 Speaker 1: Senator Johnny Isaacson's funeral down in Georgia, but there were 703 00:37:50,840 --> 00:37:53,480 Speaker 1: two other Republicans on the Hill. They weren't in the room, 704 00:37:53,520 --> 00:37:57,680 Speaker 1: but Marjorie Taylor Um and Mac Gates did a pressor 705 00:37:57,800 --> 00:38:01,719 Speaker 1: where they reiterated a number of conspiracy theories and and 706 00:38:01,880 --> 00:38:05,239 Speaker 1: other items that don't really have any evidence behind them 707 00:38:05,640 --> 00:38:08,400 Speaker 1: as part of January six. So there's really sort of 708 00:38:08,560 --> 00:38:11,360 Speaker 1: a wide gulf not only just between the Democrat and 709 00:38:11,400 --> 00:38:14,440 Speaker 1: Republican parties on what happened and what's needed to go forward, 710 00:38:14,760 --> 00:38:17,640 Speaker 1: but also within the Republican party on how they think 711 00:38:17,680 --> 00:38:20,719 Speaker 1: about and talk about January six. And it shows sort 712 00:38:20,719 --> 00:38:24,080 Speaker 1: of a wide gulf between how Republicans talked about January 713 00:38:24,160 --> 00:38:27,200 Speaker 1: six and the immediate aftermath and how they talk about 714 00:38:27,280 --> 00:38:31,400 Speaker 1: it now. You remember a number of forceful denunciations of 715 00:38:31,520 --> 00:38:34,840 Speaker 1: former President Trump in the in the days following the attack, 716 00:38:34,920 --> 00:38:37,960 Speaker 1: but now for many Republicans it's been like a complete 717 00:38:38,000 --> 00:38:41,359 Speaker 1: one eighty absolutely. I mean, you saw this, this moment 718 00:38:41,680 --> 00:38:45,399 Speaker 1: um immediately after the attacks, when lawmakers returned to the floor, 719 00:38:45,640 --> 00:38:48,200 Speaker 1: where there seemed to be a moment of unity. But 720 00:38:48,320 --> 00:38:51,600 Speaker 1: then what happened is you had one hundred forty seven 721 00:38:51,680 --> 00:38:57,200 Speaker 1: Republicans go ahead and vote to oppose the certification of 722 00:38:57,360 --> 00:39:00,160 Speaker 1: various states lactoral votes, which was the part of the 723 00:39:00,200 --> 00:39:02,759 Speaker 1: whole reason that writers had stormed the building to begin with, 724 00:39:03,040 --> 00:39:05,320 Speaker 1: is that they were told, uh, they were lied to 725 00:39:05,680 --> 00:39:08,360 Speaker 1: repeatedly that the election was stolen, even though we have 726 00:39:08,520 --> 00:39:11,640 Speaker 1: people from Trump's own cabinet who did research on the 727 00:39:11,719 --> 00:39:14,880 Speaker 1: election and said that that it was legitimate. Um, that 728 00:39:15,000 --> 00:39:18,160 Speaker 1: it actually went off pretty fairly, fairly well, especially for 729 00:39:18,280 --> 00:39:20,000 Speaker 1: election with a lot of mail and ballots for the 730 00:39:20,080 --> 00:39:22,960 Speaker 1: first time. Um. And this is sort of a narrative 731 00:39:23,000 --> 00:39:25,719 Speaker 1: that you wonder how it's going to be playing into two. 732 00:39:26,040 --> 00:39:29,920 Speaker 1: We've already seen a number of candidates Republicans who are 733 00:39:30,120 --> 00:39:33,239 Speaker 1: throwing their hat into the ring to run repeat the 734 00:39:33,360 --> 00:39:36,720 Speaker 1: lie that Joe Biden is not president, that the election 735 00:39:36,880 --> 00:39:39,400 Speaker 1: was stolen, And this seems to sort of be a 736 00:39:39,520 --> 00:39:43,279 Speaker 1: part of the dialogue that you need to say if 737 00:39:43,360 --> 00:39:45,560 Speaker 1: you want to gain Trump support. If you want to 738 00:39:45,640 --> 00:39:48,520 Speaker 1: gain the support for Trump's followers. So this is certainly 739 00:39:48,600 --> 00:39:51,760 Speaker 1: something that's going to continue to be discussed uh into 740 00:39:51,880 --> 00:39:56,239 Speaker 1: this mid term here and probably as well as all right, well, 741 00:39:56,320 --> 00:39:59,840 Speaker 1: let's go forward to some other developments in Washington. The 742 00:40:00,000 --> 00:40:02,279 Speaker 1: White House, as you know, has been really trying to 743 00:40:02,320 --> 00:40:05,760 Speaker 1: play catch up on this shortage of COVID tests across 744 00:40:05,840 --> 00:40:08,080 Speaker 1: the country, and now we're hearing that they're getting closer 745 00:40:08,160 --> 00:40:12,839 Speaker 1: to a plan. Yes, so they've one thing that they 746 00:40:12,880 --> 00:40:15,640 Speaker 1: are working on, and this was per the Washington Post, 747 00:40:15,960 --> 00:40:19,800 Speaker 1: is that they're getting closer on sending out those millions 748 00:40:19,840 --> 00:40:23,480 Speaker 1: of testing kits two Americans, getting a website in place. Um, 749 00:40:23,640 --> 00:40:26,200 Speaker 1: we're hearing White House officials say by mid January that 750 00:40:26,280 --> 00:40:29,399 Speaker 1: Americans can log onto request one of those at home 751 00:40:29,520 --> 00:40:32,879 Speaker 1: testing kits and received that in the mail. Um. They're 752 00:40:32,920 --> 00:40:38,960 Speaker 1: also moving with forward with taking responsibility for the vaccines. Uh. 753 00:40:39,080 --> 00:40:42,200 Speaker 1: This was something that was being shared partly by the Pentagon, 754 00:40:42,400 --> 00:40:44,320 Speaker 1: but is now shifted to the U. S. Department of 755 00:40:44,400 --> 00:40:47,120 Speaker 1: Health and Human Services. Although now we've gotten now on 756 00:40:47,239 --> 00:40:53,320 Speaker 1: the terminal story about a Government Accountability Office watchdog flagging 757 00:40:53,760 --> 00:40:55,719 Speaker 1: that the d U S. Department of Health and her 758 00:40:55,880 --> 00:41:00,120 Speaker 1: Human Services are not fully prepared to take responsibility or 759 00:41:00,239 --> 00:41:04,200 Speaker 1: this vaccine program that they just don't have enough staff, 760 00:41:04,320 --> 00:41:07,200 Speaker 1: that they're not ready to take on all the requirements 761 00:41:07,280 --> 00:41:11,280 Speaker 1: of it. So I think there's still potentially rocky ground 762 00:41:11,360 --> 00:41:14,839 Speaker 1: ahead and getting out vaccines to American people and getting 763 00:41:14,880 --> 00:41:17,680 Speaker 1: out tests to American people. Um, and sort of what 764 00:41:17,800 --> 00:41:20,560 Speaker 1: the next phase of this pandemic is going to bring. Yeah, 765 00:41:20,640 --> 00:41:22,920 Speaker 1: certainly we're going to be continuing to watch that. Finally, 766 00:41:23,040 --> 00:41:25,520 Speaker 1: some new information this morning from the White House on 767 00:41:25,680 --> 00:41:28,359 Speaker 1: helping low income people pay their winter heating bills. Got 768 00:41:28,400 --> 00:41:31,560 Speaker 1: about thirty seconds left here, Yeah, so this one basically, 769 00:41:31,600 --> 00:41:34,319 Speaker 1: the White House is allocating several million dollars to help 770 00:41:34,400 --> 00:41:37,760 Speaker 1: low income folks with their heating bills this winter. Obviously, 771 00:41:38,200 --> 00:41:41,080 Speaker 1: states with bigger populations, states that are much colder are 772 00:41:41,120 --> 00:41:43,760 Speaker 1: getting the bulk of the funding. And this just comes 773 00:41:43,920 --> 00:41:46,640 Speaker 1: as the White House is continuing to acknowledge the need 774 00:41:46,719 --> 00:41:50,239 Speaker 1: for people to have some assistance as COVID and O 775 00:41:50,360 --> 00:41:53,320 Speaker 1: Macron continue to sweep across the country. Yeah, and timely 776 00:41:53,400 --> 00:41:58,200 Speaker 1: news as another winter storm blankets the Northeast as we speak. 777 00:41:58,440 --> 00:42:00,560 Speaker 1: Emily Wilkins of Bloomberg Government, hope you have a great 778 00:42:00,600 --> 00:42:02,400 Speaker 1: weekend when it comes around, and you can read more 779 00:42:02,440 --> 00:42:04,800 Speaker 1: about all these stories of Bloomberg dot com or on 780 00:42:04,840 --> 00:42:07,600 Speaker 1: the Bloomberg terminal, and a reminder follow all the latest 781 00:42:07,719 --> 00:42:11,920 Speaker 1: on Bloomberg Radio in Washington Bloomberg and one oh five 782 00:42:12,000 --> 00:42:14,560 Speaker 1: point seven FM h D two. As we await the 783 00:42:14,600 --> 00:42:17,960 Speaker 1: market open and the release of December payrolls, futures are 784 00:42:18,120 --> 00:42:21,480 Speaker 1: moving up slightly. SMP futures up nine point, staff futures 785 00:42:21,520 --> 00:42:24,200 Speaker 1: up fourteen. That's basically a little change. The NASDAC futures 786 00:42:24,600 --> 00:42:27,480 Speaker 1: higher by fifty points ten. Your treasury is now down 787 00:42:27,560 --> 00:42:30,120 Speaker 1: one thirty second. The yield one point seven two yield 788 00:42:30,160 --> 00:42:32,600 Speaker 1: on the two year point eight seven. Nime x screwed 789 00:42:32,640 --> 00:42:36,279 Speaker 1: up six ten percent at sevent barrel, the euro one 790 00:42:36,320 --> 00:42:38,880 Speaker 1: point one three oh three against the dollar, and bitcoin 791 00:42:38,960 --> 00:42:42,279 Speaker 1: at forty two thou two hundred dollars. Bloomberg Surveillance up 792 00:42:42,360 --> 00:42:47,120 Speaker 1: next for Karen Moscow. I'm Nathan Hagar. This is Bloomberg