Speaker 1: By from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break for Friday, January seven two. Coming up this hour,
Speaker 1: the Northeast faces its first major winter storm of the year.
Speaker 1: Fall Street awaits the highly anticipated December jogerport A top
Speaker 1: fedeficial waighs in on rate heights as soon as March,
Speaker 1: and game stop surges on news that's getting into non
Speaker 1: fungible tokens. Road crews are busy treated streets for the
Speaker 1: snowy morning commute plus its sentencing day in Georgia with
Speaker 1: three white men at the murder of a mod Aubrey,
Speaker 1: I'm Mike ol Blarm more ahead, I'm stay Sharon. Sports,
Speaker 1: A big comeback is shot at the Buzzer and the
Speaker 1: nixt beat the Celtics. The Devil's won, the Rangers walk.
Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg eleven, Treeo,
Speaker 1: New York, Bloomberg Washington, d C, Bloomberg one oh six one, Boston,
Speaker 1: Bloomberg nine sixties, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world Old on Bloomberg Radio dot Com
Speaker 1: and via the Bloomberg Business. Good Morning, I'm Nathan Hagar
Speaker 1: and I'm Karen Moscow and US futures are higher this
Speaker 1: morning ahead of today's johnser Ford. We're coming up to
Speaker 1: six oh one on Wall Street, and we checked the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg,
Speaker 1: Guess and D futures have eight points down, futures up
Speaker 1: forty one as day Future is up twenties three. Tenure
Speaker 1: Treasury that'll change. They had one point seven two percent.
Speaker 1: They yield on a two year point eight seven percent
Speaker 1: and bitcoin at forty two thousand, two hundred dollars. Nathan,
Speaker 1: all right, Karl, we'll have more markets in a minute. First,
Speaker 1: a snow storm continues to blank at much of the
Speaker 1: Northeast this morning. Let's get the details and how may
Speaker 1: affect the roads from Bloomberg Meteorologist Rob Caroline. Good morning, Rob,
Speaker 1: Good morning, Nathan. The storm that's in the process of
Speaker 1: developing off the coast of southern New England. While it's
Speaker 1: already brought some snow to the district in Baltimore, though
Speaker 1: the storm is about done there, they'll have very little
Speaker 1: additional accumulations. In fact, the sun will be coming out
Speaker 1: quickly this morning. New York City henty at aditional accumulations
Speaker 1: this morning or under two inches. The snow should be
Speaker 1: done in the Tri State area by about midday, and
Speaker 1: as we head up into Boston there, the storm is
Speaker 1: only getting going now. We'll be dealing with snow heavy
Speaker 1: times through the morning commute and into the midday hours.
Speaker 1: It looks like Boston's probably gonna receive the highest totals
Speaker 1: from this storm. Okay, Rob, so what kind of accumulations
Speaker 1: are we thinking we're gonna get from this storm? Well, Nathan,
Speaker 1: there aren't going to be any additional accumulations of snow
Speaker 1: in the district of Baltimore. The New York City area
Speaker 1: probably comes in around three, maybe as high as six
Speaker 1: inches in some spots. It's Boston that gets the jackpot.
Speaker 1: There'll be four to seven inches in the Boston metro area,
Speaker 1: and there will be some area southwest of Boston that
Speaker 1: could have over nine I'm Rob Caroline Bloomberg. Daybreak. All right, Rob,
Speaker 1: thank you, and I'll be checking in with you all morning.
Speaker 1: But first we turn to the markets. We're capping off
Speaker 1: a volatile week with a highly anticipated jobs report for December.
Speaker 1: Estimates call for payroll gains of four hunt seven thousand.
Speaker 1: Here with Moore is Bloomberg Economics correspondent Michael McKee. Two
Speaker 1: questions hanging over the December payrolls report. Will there be
Speaker 1: an omicron effect? And how the FEDS see the report
Speaker 1: in the context of policy moves. The survey week was
Speaker 1: in the first half of December, before the COVID variant
Speaker 1: dominated the news or infections. ADP says it didn't affect
Speaker 1: hiring all that much, reporting a big gain in leisure
Speaker 1: and hospitality jobs, but the I s M Services Index
Speaker 1: suggests services hiring slowed during the month. The December fifteen
Speaker 1: FED minutes released this week show policymakers felt then the
Speaker 1: US was close to full employment. If that's ratified by
Speaker 1: the monthly jobs report, it may mean the Fed is
Speaker 1: ready to start raising rates. Michael McKey, Bloomberg Daybreak, All right, Mike, thanks,
Speaker 1: So when it comes to FED policy, St. Louis President
Speaker 1: Jim Bullard's weighing and he's enforcing the view rate hikes
Speaker 1: could start this spring. The FC could also begin raising
Speaker 1: the policy rate as early as the March meeting in
Speaker 1: order to be in a better position to control inflation.
Speaker 1: Jim Bullard made the comments to the c f A
Speaker 1: Society in St. Louis. Traditionally, he has been one of
Speaker 1: the most hawkish members of the FED. Jobs matter to
Speaker 1: the Fed, Nathan, but so does the pandemic. Coronavirus cases
Speaker 1: continue to come in her record highs and testing remains
Speaker 1: a challenge. Abbot Laboratory CEO Robert Ford tells US he's
Speaker 1: renting up production of COVID tests. We've seen obviously a
Speaker 1: new variant, a pretty highly transmissible variant, in combination with
Speaker 1: a period of the year where there's a lot of travel,
Speaker 1: Thanksgiving and Christmas, people wanted to get together. Uh, the
Speaker 1: combination of those two factors really had a pretty unprecedented
Speaker 1: demand here. Abbot CEO Robert Ford said the company expects
Speaker 1: to produce seventy million tests this month. Well. Meantime, Karen,
Speaker 1: the White House, and the US Postal Service are making
Speaker 1: final plans to deliver five hundred million test kits to households.
Speaker 1: That's according to The Washington Post, which says they want
Speaker 1: to start shipping tests by the middle of this month.
Speaker 1: An official announcement could come next week. From New York
Speaker 1: to l A Nathan, major metro areas across the country
Speaker 1: are getting hit hard by COVID. Some of the details
Speaker 1: now from Bloomberg's at Bachelor Beginning in Chicago, almost nine
Speaker 1: of the city's ICU beds are occupied. To this canceled
Speaker 1: classes for a third day because of case is and
Speaker 1: disagreement with teachers over COVID tests. Meanwhile, New York City
Speaker 1: expects to have two and a half million more at
Speaker 1: home tests in hand today, but they are going for
Speaker 1: the reopening of schools. In Los Angeles cases of Sideline,
Speaker 1: more than eight hundred police and firefighters in Alaska, airlines
Speaker 1: cut one twenty flights yesterday and according to flight Aware
Speaker 1: and industry wide, almost two thousand flights because of employee
Speaker 1: illness combined with weather in San Francisco. I'm at Baxter
Speaker 1: Bloomberg daybreak, all right, thank you. With flights canceled, the
Speaker 1: travel industry is under pressure again. Marriott president Stephanie Leonard says,
Speaker 1: these are real challenges, but they won't derail the recovery.
Speaker 1: And while there was bumps from Delta, the business came
Speaker 1: back very clear, very quickly when we got past that variant.
Speaker 1: We're anticipating the same thing with with O Macron that
Speaker 1: we will see some bumps in the recovery, and it
Speaker 1: depends we have dirty brands in a hundred and forty countries,
Speaker 1: so we'll see some bumps that we don't think it's
Speaker 1: going to stop the recovery. Marriott president Stephanie Lennar. It's
Speaker 1: made the comments in an interview on Bloomberg Television. Shares
Speaker 1: of Marriott are trading near an all time high to
Speaker 1: start the year. O Macron continues to impact the workplace, Nathan.
Speaker 1: Bank of America is the latest company pushing back return
Speaker 1: to office plans, and we get the story from Bloomberg's
Speaker 1: Turlie Pillett. The company encouraged its US employees to work
Speaker 1: remotely through the week starting January tenth, is the bank
Speaker 1: evaluates its next move. This according to an internal memo
Speaker 1: the firmhood earlier advised workers to stay home through at
Speaker 1: least this week. In the memo, the bank also continued
Speaker 1: to encourage staff to get fully vaccinated and receive booster shots,
Speaker 1: stopping short of implementing a full mandate. In New York,
Speaker 1: Charlie Pellett Bloomberg Daybreak, Thanks Charlie. In the markets today,
Speaker 1: the turbo charged worlds of cryptocurrencies and meme stocks have collided.
Speaker 1: Bloomberg News has learned game Stop plans to launch a
Speaker 1: marketplace for non fungible tokens by the end of the year.
Speaker 1: Companies also in talks with crypto and blockchain companies about
Speaker 1: which tokens could be used on the platform. Shares of
Speaker 1: game Stop are up in early trading. Futures are higher,
Speaker 1: SMP futures up almost nine points, staff futures up, NASTACK
Speaker 1: futures hired by thirty points. The tenure treasury little changed.
Speaker 1: The yield on the tenure note one point seven two
Speaker 1: straight ahead local headlines, check of sports and this wintry weather.
Speaker 1: This is Bloomberg at six o seven on Wall Street.
Speaker 1: Is indeed snowing still twenty nine degrees in Central Park
Speaker 1: and a number of accidents that Peter Van will have
Speaker 1: details on for you shortly. First Michael Barr with what
Speaker 1: else is going on in New York and around the world.
Speaker 1: Good morning, Michael, Good morning, Nathan. Bards of the Dry
Speaker 1: State area are under a winter storm warning. The fast
Speaker 1: moving system is expected to dump up the six inches
Speaker 1: of snow by the end of the morning, but it
Speaker 1: will make the commute a mess. Emergency preparations are underway,
Speaker 1: but with record COVID cases and isolation rate, some departments
Speaker 1: are working at a disadvantage against the incoming weather. Edward Grayson,
Speaker 1: the commissioner of New York's Department of Sanitations, as he
Speaker 1: believes they'll have enough staff to prepare for the storm,
Speaker 1: but they'll have to extend shifts and work around current shortages,
Speaker 1: just like all the every other city. And see, we've
Speaker 1: been definitely hit hard in this recent wave and up
Speaker 1: taking COVID cases. Right now, we're about staffing outage. Sanitation
Speaker 1: Commissioner Grayson says, for now they will be operating in
Speaker 1: twelve hour shifts. It is sentencing day for three white
Speaker 1: men convicted of murder in the deadly chase and shooting
Speaker 1: of Amat Aubrey In November. A Georgia jury found father
Speaker 1: and son greg and Travis McMichael, and their neighbor William Bryan,
Speaker 1: guilty of murder and other crimes in the February killing
Speaker 1: of the twenty five year old black men. University of
Speaker 1: Georgia law chair Emeritus Ron Carlson says Superior Court Judge
Speaker 1: Timothy Walls me will have limited options because murder carries
Speaker 1: a mandatory life sentence in Georgia. The judges options are
Speaker 1: very narrow, but these are very important distinctions. Does he
Speaker 1: levy a sentence of life without parole or life with
Speaker 1: Pearoll Carlson with the University of Georgia says the jury's
Speaker 1: verdict sent a message that vigilante justice will not be tolerated.
Speaker 1: Former New York Governor Andrew Cuomo is sent to make
Speaker 1: a virtual appearance today before an Albany judge, prosecutors and
Speaker 1: moving to dismiss the only criminal charge filed against the
Speaker 1: Democrat in connection with the sexual harassment allegations that drove
Speaker 1: him from office. It accused Cuomo of groping an aid
Speaker 1: in the executive mansion in December of eight months before
Speaker 1: he resigned. Online sports betting in New York is a
Speaker 1: day away from reality. The New York Gaming Commission says
Speaker 1: that it has approved mobile operator licenses for Caesar's DraftKings,
Speaker 1: Van Duel and Bett Rivers Rushed Street Interactive. They can
Speaker 1: begin taking wagers as of nine am local time Saturday.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg quick Take, powered by more than twenty seven
Speaker 1: journalist and analysts more than a hundred twenty countries. I'm
Speaker 1: Michael barn This is Bloomberg, Nathan. Thanks Michael. Coming up
Speaker 1: to six ten on Wall Street. Time for the Bloomberg
Speaker 1: Sports Update with John Stshower. Thanks y Thing. An absolutely
Speaker 1: epic game at the Garden. This game had everything, a
Speaker 1: big comeback, the Knicks trail of the Celtics by twenty
Speaker 1: five in the first half, they're still down eighteen and
Speaker 1: the third quarter. A tremendous individual performance. The ex Celtic
Speaker 1: Evan Corny, who had already had two thirty two point
Speaker 1: games versus Boston, went for a career at fourty one.
Speaker 1: He tied a Knicks record with ten three pointers. And
Speaker 1: this game had an amazing finished. Our shotline half court
Speaker 1: left one point five ago a tie game and one
Speaker 1: of five to Barrett one triple right way great for
Speaker 1: the win. Baker is one hit, backed in, Barrett backed
Speaker 1: in and had the Nicks tip point football game at
Speaker 1: the bush Town. Told it on w E P N
Speaker 1: r J. Barrett, who scored thirty two the other night,
Speaker 1: was having a bad game. He had shot three or
Speaker 1: four teen before hitting the game winner. The same two
Speaker 1: teams play again tomorrow night in Boston. The next way
Speaker 1: Milwaukee tonight in Brooklyn, which means Kyrie, you're being not
Speaker 1: play you know the vaccine mandate. You gotta wait till
Speaker 1: the next road game, which is Monday in Rangers on
Speaker 1: the road five streat games and not a good start
Speaker 1: for the trip. At five one loss at Vegas, Rangers
Speaker 1: only had nineteen shots on goal. The Devil's beat Columbus
Speaker 1: three to one. Jack huss In on all three of
Speaker 1: goal and two assist. Eric Shabba has just hired to
Speaker 1: be the Yankees assistant hitting coach. He's already resigned he
Speaker 1: got a better job as the Mets hitting coach. Season
Speaker 1: finales with the Giants and Jets Sunday. The Giants limped
Speaker 1: to the finish, hosting Washington. Patriots fans will root for
Speaker 1: the Jets to upset the Bills in Buffalo and New
Speaker 1: England needs will win in Miami and a Buffalo Laws
Speaker 1: to win the A s t E. John Scotch, Award
Speaker 1: Bloomberg Sports Nathan all Right, John, thanks right now. SMP
Speaker 1: futures are up almost ten point stuff futures of forty four.
Speaker 1: Danstack futures higher by thirty eight points ten, Your treasury
Speaker 1: yield one point seven two per cent, and I'm ex
Speaker 1: screwed up nine tenths per cent or seventy five cents
Speaker 1: at eighty dollars one cents a barrel. Ahead of the
Speaker 1: December payrolls report. We'll get a preview next with Bloomberg
Speaker 1: Economics correspondent Michael McKy. Stay with us. This is Bloomberg
Speaker 1: Bloomberg eleven three oh weather, the winter weather advisory and
Speaker 1: effect all morning. Could see another inch on top of
Speaker 1: the light snow this morning. The high in your thirty
Speaker 1: five degrees, mostly sunny, low thirties tomorrow rain and a
Speaker 1: high near forty on Sunday, currently snow in twenty nine markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. This is a Bloomberg Business lash and I'm
Speaker 1: Karen Moscow. US dot index future is on the rise
Speaker 1: this morning, the dollar falling as risk taking returns to
Speaker 1: markets at the end of a turbulent week with investors
Speaker 1: wagh in US employment gains against the federal reserves policy
Speaker 1: tightening lands. We check the markets every fifteen minutes throughout
Speaker 1: the trading day on Bloomberg sp futures of eleven points
Speaker 1: this morning, down futures at forty one as day a
Speaker 1: few years of fifty one, the decks in Germany's down
Speaker 1: a tenth of upper set, and your treasury down Moneth
Speaker 1: thirty second he has one point seven two percent, a
Speaker 1: yield on the two year point eight seven percent nim
Speaker 1: X screwed oils of nine tenths percent or seventy one
Speaker 1: cents at eighty dollar seventeen cents of barrel comic school
Speaker 1: that will change at seventeen eighty nine. The euro one
Speaker 1: point one three oh two against the dollar, British bound
Speaker 1: one point three five four or five, and the NS
Speaker 1: at one fifteen point eight three And checking bitcoin this
Speaker 1: morning moving lower down one point nine percent at forty
Speaker 1: two thousand, three hundred dollars. And that's a Bloomberg business flash.
Speaker 1: Now here's Michael bar with more on what's going on
Speaker 1: around the world. Michael Karen. The Supreme Court is taking
Speaker 1: up two major Biden administration efforts to pump up the
Speaker 1: nation's vaccination rate against COVID nineteen. The justices are hearing
Speaker 1: arguments today about whether to allow the administration to enforce
Speaker 1: a vaccine or testing requirements that applies to large employers
Speaker 1: and a separate vaccine mandate for most healthcare workers. The
Speaker 1: White House and US Postal Service are making final plans
Speaker 1: to deliver five hundred million coronavirus test kits to households.
Speaker 1: The Washington Post reports officials seek to begin shipments by
Speaker 1: the middle of January. In the NBA, the Knicks beat
Speaker 1: the Celtics one oh eight, one oh five. The Warriors lost.
Speaker 1: In the NHL, the Devil's won, the Rangers and Bruins lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quick Take, powered by more than twenty journalists
Speaker 1: and analysts more than a hundred twenty countries. Michael Barr
Speaker 1: and this is Bloomberg. Nathan, Okay, Michael, thank you. It
Speaker 1: is six nineteen on Wall Street Live from the Bloomberg
Speaker 1: Get Directed Brokers Studios. This is Bloomberg Day breaking as
Speaker 1: we await the release of the December payrolls report. Were
Speaker 1: joined this morning by Bloomberg Economics correspondent Michael McKee. Mike,
Speaker 1: good morning. Seems like a lot of economists are expecting
Speaker 1: an upside surprise after this week's blowout a DP number,
Speaker 1: But as we've seen in the past, a DP doesn't
Speaker 1: always line up with what the Labor Department puts out right. Yeah,
Speaker 1: they don't match up in terms of the absolute magnitude. However,
Speaker 1: they do kind of give an idea of the level
Speaker 1: and direction that we're going in a DP. Finding a
Speaker 1: big number for the month of December probably means that
Speaker 1: Wall Street is gonna learn lean towards an upside surprise,
Speaker 1: and that's what we're seeing in the the whisper numbers on
Speaker 1: on Wall Street this morning. The market kind of looking
Speaker 1: for about five hundred thousand. We started the week with
Speaker 1: a look with expectation of the Bloomberg survey of four
Speaker 1: hundred thousands, so we've moved up to four forty seven
Speaker 1: for this morning. Uh, but again Wall Street looking for
Speaker 1: a slightly higher number. And I guess we're wondering whether
Speaker 1: we're gonna start to see a little bit of an
Speaker 1: O Macron effect in this number. I mean, uh, I
Speaker 1: think the December payrolls doesn't necessarily cover when O Macron
Speaker 1: first emerged, but we might see maybe a little bit
Speaker 1: of an effect there. You know, it's hard to be
Speaker 1: hard to tell. The Establishment survey, which counts to the
Speaker 1: number of jobs created or in this case probably jobs restored,
Speaker 1: is taken in the the around the pay period that
Speaker 1: includes the twelfth of the month, so uh, some people
Speaker 1: get paid weekly, some bi weekly, so basically from the
Speaker 1: first of the month to about the seventeenth. And oh,
Speaker 1: Macron didn't really take off until after that. It was
Speaker 1: starting to be in the news, but it wasn't in terms,
Speaker 1: and the case counts weren't so large. So it is
Speaker 1: also possible and this evidence maybe from a DP that
Speaker 1: we could see a higher a bit of a hiring
Speaker 1: surge in some service industry jobs because we were in
Speaker 1: a little interregnum between Delta and O Macron and people
Speaker 1: felt better about going out, which would be interesting to see.
Speaker 1: But it's been really, uh, sort of a challenge to
Speaker 1: gauge the health of the labor market, hasn't it When
Speaker 1: we've seen sort of subdued weekly jobless claims over the
Speaker 1: last several months. At the same time, though, the labor
Speaker 1: force participation rate has really been stuck. This has been
Speaker 1: one of the hardest time periods for economists to figure
Speaker 1: out what's going on because there are no models for
Speaker 1: what's happened shutting down in a direct economy and reopening it.
Speaker 1: As the pandemic continues, and you have a lot of
Speaker 1: people they call it the Great Resignation, who have decided
Speaker 1: they're gonna stay on the sidelines, either permanently or for
Speaker 1: quite some time, either because they were going to retire
Speaker 1: anyways and it's been a baby boomer thing, or because
Speaker 1: they built up enough savings from the government stimulus that
Speaker 1: they can sit on the sidelines until they feel safer
Speaker 1: about going back to work. And of course, now that
Speaker 1: school's back in session, we have a lot of people
Speaker 1: who are concerned about childcare if the schools are closed.
Speaker 1: So a lot of things contribute to making this really
Speaker 1: hard to forecast, and that points to the breakdown of
Speaker 1: ages in the labor force participation rate as well. What's
Speaker 1: the expectation going into this report about how that could
Speaker 1: break down. Well, we're looking for a tick upward to
Speaker 1: sixty one point nine in the labor force participation rate.
Speaker 1: It was almost sixty three before the pandemic began, so
Speaker 1: we've got a ways to go to catch up and
Speaker 1: probably won't be doing that anytime soon, which keeps the
Speaker 1: unemployment rate falling. The biggest departures from the labor force
Speaker 1: are those who are older and older, but the prime
Speaker 1: age workforce has started to come back, and we'll see
Speaker 1: if that trend continues. And what's the trend when it
Speaker 1: comes to wages. We've heard so many reports about businesses
Speaker 1: offering big retention bonuses and raising regular wages as well.
Speaker 1: What are we looking for there? That's the number of
Speaker 1: the FED is going to be really concerned about. Are
Speaker 1: we going to see some kind of a wage price spiral?
Speaker 1: And for that we would need to see continuing increases
Speaker 1: in wages. And it's kind of hard to know because
Speaker 1: we're still trying to get back to where we were
Speaker 1: with jobs. How much of this is a one time
Speaker 1: increase because companies are trying to entice people back to
Speaker 1: uh the office, and how much of it is an
Speaker 1: ongoing We've got to keep raising wages because we can't
Speaker 1: find anybody to work, which means we have to raise
Speaker 1: prices to pay for it. Uh. That's gonna be something
Speaker 1: to keep it out. And in our last thirty seconds here,
Speaker 1: is there a risk that a downside surprise could shake
Speaker 1: the FED when it comes to the path on policy tightening.
Speaker 1: I wouldn't worry too much about a downside surprised because
Speaker 1: the Fed's not tightening yet. It only would push back
Speaker 1: the idea of radio increase in March. But if we
Speaker 1: get a strong upside surprise, then you'll see a lot
Speaker 1: of movement towards pricing in a definite move in March.
Speaker 1: Are all right? Bloomberg Economics correspondent Michael McKee with us
Speaker 1: this morning before the release of the final UH snapshot
Speaker 1: on the US labor market. The December payrolls reporte do
Speaker 1: out at eight thirty am Wall Street Time. Stay with
Speaker 1: Bloomberg Radio and Bloomberg Television for complete coverage of the
Speaker 1: numbers and analysis, including reaction from Labor Secretary Marty Wall.
Speaker 1: She's gonna be joining us around ten am Wall Street
Speaker 1: Time on both Bloomberg Radio and television. You'll definitely want
Speaker 1: to tune in for that conversation. Looking ahead to the market,
Speaker 1: open SMP futures are up eleven points, Staff futures up
Speaker 1: fifty one. NEST future is also higher by fifty one points.
Speaker 1: It turns out this is Bloomberg Bloomberg eleven three oh
Speaker 1: Whether the winter weather advisory continues through the morning. Another
Speaker 1: inch or so of snow possible behind your thirty five
Speaker 1: degrees low thirties tomorrow rain near forty on Sunday, twenty
Speaker 1: nine degrees. Right now, broadcasting live from the Bloomberg Interactive
Speaker 1: Broker Studio in New York, Bloomberg E Living Freedom to Washington,
Speaker 1: d C. Bloomberg to Boston Bloomberg one six one to
Speaker 1: San Francisco Bloomberg and on sixty to the country Sirius
Speaker 1: XM to the one nine and around the globe to
Speaker 1: Bloomberg Business app and Bloomberg Radio dot Com. This is
Speaker 1: Bloomberg Daybreak. It's six thirty on Wall Street. Good morning.
Speaker 1: I'm Nathan Hagar and I'm Karen Moscow. Were just about
Speaker 1: three hours away from the open of US training. Let's
Speaker 1: get you up to date on the news. You need
Speaker 1: to know what this hour. Snow blanketing the Northeast this morning.
Speaker 1: More on that coming up with Bloomberg Meteorologists robbed Caroline.
Speaker 1: But first futures are higher ahead of the December jobs
Speaker 1: Your port economists are forecasting a rebound from last month
Speaker 1: with the game of four hundred forty seven thousand jobs,
Speaker 1: and we get more from Bloomberg's Vinie Del Judas. US
Speaker 1: payroll broke mr Wall Street forecasts in November with a
Speaker 1: tepid Game just two hundred ten thousand, the weekest showing
Speaker 1: since December Bloomberg Economics as the COVID nineteen omicron variant
Speaker 1: could weigh on the December data. At the same time,
Speaker 1: weekly jobless claims remained near a half century low, running
Speaker 1: at two hundred seven thousand, and US job openings have
Speaker 1: been running at all time highs. Bloomberg Daybreak Penny thanks
Speaker 1: trainers will be watching that job's data for any hints
Speaker 1: on future FED policy. St. Louis Fed President Jim Bullet
Speaker 1: is weighing in. He says the Central Bank could start
Speaker 1: hiking rates as soon as March. Well, Nathan, The FEDS
Speaker 1: also watching the pandemic as COVID cases continue to come
Speaker 1: in near record highs. Testing also remains an issue, and
Speaker 1: now the Washington Poster Ports and White House is working
Speaker 1: on a plan to deliver five hundred million test kits
Speaker 1: to households. Now Let's turn to markets here, and shares
Speaker 1: of game Stop are up nine in early trading. Bloomberg
Speaker 1: News has learned the company plans to launch a marketplace
Speaker 1: for non fungible tokens by the end of the year.
Speaker 1: We get more from Bloomberg's Charlie Pellet. The source says
Speaker 1: it's in talks with crypto and blockchain companies about which
Speaker 1: tokens could be used on the nf team marketplace. It's
Speaker 1: also said to be discussing with partners the potential for
Speaker 1: creating a number of funds of up to one hundred
Speaker 1: million dollars each to invest in n f T content
Speaker 1: creators and gaming companies. Over the last few months, the
Speaker 1: source says game Stop has assembled a team of more
Speaker 1: than twenty people that's focused on the crypto related push
Speaker 1: in New York. Charlie Pellet Bloomberg Daybreak. All right, Charlie,
Speaker 1: thank you, and Bitcoin is falling this morning. This latest
Speaker 1: slide has the digital token now trading at its lowest
Speaker 1: level since September. It's off about from its record reached
Speaker 1: in November and checking Bitcoin right now down more than
Speaker 1: two percent at forty two thousand, two hundred dollars. Futures
Speaker 1: are higher, SNP Future is up ten points Down Future
Speaker 1: is up thirty two. Nasday Future is up fifty. The
Speaker 1: decks in Germany's down two tenths of upper cent ten.
Speaker 1: Your treasury little change you at one point seven two
Speaker 1: percent in the yield on the two year point eight
Speaker 1: seven percent. Non max screwed oils up seven ten percent
Speaker 1: or fifty five cents at eighty dollars one cent a barrel.
Speaker 1: And comexs gold is up a tenth of a percent,
Speaker 1: and straight ahead your latest local headlines. As well. As
Speaker 1: I checked on the snow, we checked sports as well,
Speaker 1: and this is Bloomberg all right, Karen, thank you? Six
Speaker 1: thirty three on Wall Street, twenty eight degrees in Central Park.
Speaker 1: Is that snow continues to fall and cause a lot
Speaker 1: of accidents on the roads this morning, Michael Barr, what's
Speaker 1: going on? Oh my? The snowy weather zoom backing the
Speaker 1: Tri State area in New Jersey, Governor Phil Murphy has
Speaker 1: declared a state of emergency. Winter storm Mornings have also
Speaker 1: been issued for Long Island. In Connecticut, Governor ned La
Speaker 1: Matez closed state offices. Let's get a look at the
Speaker 1: weather system that's causing headaches with Bloomberg meteorologious Rob Caroline. Michael.
Speaker 1: The snow across the Tri state area will taper off
Speaker 1: an end around midday, it's already ending down around the
Speaker 1: Washington area, and that trend will work its way towards
Speaker 1: the north and east. This morning. Again, the worst of
Speaker 1: the weather is going to be off to our north
Speaker 1: and east, out out towards New England, where they could
Speaker 1: see over half a foot in some spots. Much of
Speaker 1: the Tri state area picking up a couple of inches
Speaker 1: and again improving conditions for the afternoon. I expect the
Speaker 1: afternoon commute to be much better than this morning's. Michael,
Speaker 1: Thanks Rob. Emergency preparations are underway to get the streets
Speaker 1: in shape because of the winter weather. New York Sanitation
Speaker 1: Commissioner ed Grayson says the city is well prepared for
Speaker 1: the snow in the end of the day. We have
Speaker 1: a very robust number of staff to be able to
Speaker 1: man all about a full soft spread of compliment, a
Speaker 1: large number of clouds on extended towards We're gonna shift
Speaker 1: our operation to two twelve hour days. Edward Grayson of
Speaker 1: New York Sanitation Department says there are ready despite a
Speaker 1: staff shortage due to COVID and as Rob Carolin mentioned,
Speaker 1: many areas will get about several inches of snow, but
Speaker 1: other areas under the emergency could get up to six
Speaker 1: inches maybe more. Three white men convicted of murder in
Speaker 1: the deadly chase and shooting of Ahmad Aubrey are due
Speaker 1: back in court for sentencing today. Georgia jury and November
Speaker 1: found father and son greg and Travis McMichael and their
Speaker 1: neighbor William Bryan, guilty of murder in the killing of
Speaker 1: the year old black man. University of Georgia Law chair
Speaker 1: Emeritus Ron Carlson says it's likely the judge already has
Speaker 1: an idea of what the sentence will be. The jury's
Speaker 1: verge sent a message that visual handed justice will not
Speaker 1: be tolerated, and the chances are the judge will reinforce
Speaker 1: that message. Emeritus Ron Carlson says it's unclear whether the
Speaker 1: Michaels and Brian will speak publicly during sentencing. The mandatory
Speaker 1: minimum is life in prison. Representative Adam Kenzinger of Illinois,
Speaker 1: only one of two Republicans on the Householuct Committee investigating
Speaker 1: the January six capital attack, reflected on that day, Kinsinger
Speaker 1: told Bloombridge Joe Matthew the Republican party divide could get worse.
Speaker 1: I think leaders had an opportunity after January six to
Speaker 1: stand together and actually do what the title says, to
Speaker 1: lead and say, look, this election wasn't storm representative Kinsinger
Speaker 1: Global News twenty four hours a day on a errand
Speaker 1: on Bloomberg Quick Take Power about more than the twenties
Speaker 1: seven hundred journalists analysts more than a hundred twenty countries.
Speaker 1: I'm Michael barn This is Bloomberg native. Okay, Michael, thanks
Speaker 1: sixty six on Wall Street time for the Bloomberg Sports.
Speaker 1: I think here's John's stating, all right, Nathan. The Knicks
Speaker 1: and ceth Tics opened the season with a double overtime.
Speaker 1: Knicks went at the Garden. Their game last night may
Speaker 1: have topped that one for drama. The Knicks trailed by
Speaker 1: as much as five, didn't take their first lead until
Speaker 1: just over two minutes to play the Celtics. Jason Tatum
Speaker 1: had a game time shot for a second and a
Speaker 1: half ago, so it looked like overtime again. R J.
Speaker 1: Barrett banked in a three pointer at the buzzer Nicks
Speaker 1: one one oh eight type of shot. You know Jason
Speaker 1: is so tall, but uh yeah, I mean every talk
Speaker 1: about shoot, I think he's going in. Man. That was crazy.
Speaker 1: Honestly didn't even I didn't even really see it because
Speaker 1: I failed. I didn't even see it go in. But
Speaker 1: just from everybody else's reaction in Marcatel, that was cool. Barrett,
Speaker 1: who scored thirty two points in the win the other night,
Speaker 1: had shot only three or fourteen before hitting that game winner.
Speaker 1: Evan Fourny, who did not score a single point in
Speaker 1: that recent went over Indiana last night, erupted for a
Speaker 1: career high forty one point. He tied a Knicks record
Speaker 1: with ten three pointers. He made ten of fourteen and
Speaker 1: three games versus his former team this season, Fournier is
Speaker 1: averaging thirty six, far and away his best three games
Speaker 1: with Nick. Emanuel quickly played a big role in the comeback.
Speaker 1: He sports sixteen. Tatum led Boston with thirty six. Same
Speaker 1: two teams again tomorrow night in Boston. Next tonight host Milwaukee.
Speaker 1: The Rangers lost five one in Vegas. Chris Pryor. The
Speaker 1: only Ranger goal is one Devil's Great Columbus, three to
Speaker 1: want Jack do a goal and two and six mart
Speaker 1: Olevan you taught Jackson or Rudy Gobert came the first
Speaker 1: athlete and knowingly test positive for COVID. The NBA immediately
Speaker 1: shut down. Everyone else followed. Stood yesterday Gobert tested positive
Speaker 1: against are Blombergs towards Thank you, Johnny is coming up
Speaker 1: to six thirty eight on Wall Street Time to take
Speaker 1: a look at stock some of the names moving in
Speaker 1: the pre market. Bloomberg, Radio and TV markets corresponded, Creedy
Speaker 1: Gupta is with us this morning, starting off with a
Speaker 1: meme stock name that's looking to the future, apparently, Creedy. Yeah.
Speaker 1: I mean a year ago, Nathan, we were in the
Speaker 1: middle of a meme stock frenzy, and it's like we're
Speaker 1: starting two to the same degree, except this time there
Speaker 1: might be some fundamentals to back it up. Game stop
Speaker 1: gm e's your takers soaring nineteen percent in the pre
Speaker 1: market after they announced or I should say DA Johns
Speaker 1: reported that they entered there are entering, sees me the
Speaker 1: n f T and crypto markets trying to build an
Speaker 1: online marketplace that will launch later this year. It sounds
Speaker 1: like they've already hired about twenty people to build out
Speaker 1: the operation, and, like you said, in anticipation of that
Speaker 1: launch later this year, where they will be partnering with
Speaker 1: some of those crypto makers and other major partnerships. So
Speaker 1: once again, gmmy is your taker this morning. Up, let's
Speaker 1: just take a look at the chip maker space, because
Speaker 1: Samsung reported quarterly profit that climbed more than after chip
Speaker 1: prices stabilized and sales of smartphones also surged, reinforcing the
Speaker 1: hopes that maybe, just maybe the memory industry will re emerge.
Speaker 1: So you are seeing some of those chip makers rally
Speaker 1: in sympathy. MU Micron Technology up seven tenths of a percent,
Speaker 1: and and video as well, m v d A up
Speaker 1: eight tenths of a percent. We shouldn't move on to
Speaker 1: T Mobile though, falling though, after the company reported preliminary
Speaker 1: post paid phone churn for the fourth quarter that was
Speaker 1: worse than analysts had projected. Essentially, the reported earnings that
Speaker 1: were pretty good their estimates for fourth quarter growth, capping
Speaker 1: its biggest ever annual gain. But this is the big,
Speaker 1: big hitter. Basically, they predicted an industry slowdown into twenty
Speaker 1: two as carriers move away from the free phone promotions
Speaker 1: that have fueled such a frenzy of sign ups in
Speaker 1: the first place. T M U s A is your ticker.
Speaker 1: They're down one point four percent. I'll wrap it up here, Nathan,
Speaker 1: with dear expecting a quote slow rollout of autonomous tractors
Speaker 1: this year, the chief technology officer telling Bloomberg's very own
Speaker 1: Edlow that the company will roll out between ten and
Speaker 1: fifty such tractors this year. D E is your ticker?
Speaker 1: They're up nine tenths of a percent? Nathan, All right,
Speaker 1: real quickly, Creedy, let's run through some analyst calls. Yeah, well,
Speaker 1: let's just go with a big one here, Coals, it
Speaker 1: looks like it's the big call here. Kss. Is your
Speaker 1: ticker dropping after UBS downgrades it UH to a cell
Speaker 1: and slash the price target to a Wall Street low
Speaker 1: on the challenging outlook for the stock in two on
Speaker 1: inflationary pressure. Coals taking a beating this morning, down three
Speaker 1: the pre market. Alright, Bloomberg Radio TV Markets correspondent Creedy
Speaker 1: goofta happy weekend when it comes around. Thanks for the update,
Speaker 1: and as we take a look at stocks as a
Speaker 1: whole ahead of the Friday morning open and the release
Speaker 1: to the December payrolls report, futures are picking up. SMP
Speaker 1: futures up almost ten points, now down futures up thirty
Speaker 1: NASTACK futures higher by forty nine points. Little change to
Speaker 1: the tenure the yield on the benchmark tenure note one
Speaker 1: point seven two. Stay with us. This is Bloomberg, Bloomberg
Speaker 1: eleven three oh weather light, snow. We'll end this morning,
Speaker 1: maybe another inch of accumulation with a higher thirty five
Speaker 1: low thirty sunshine Tomorrow rain Sunday afternoon with a high
Speaker 1: near forty currently twenty eight snowy degrees. Markets, headlines and
Speaker 1: breaking news twenty four hours a day at Bloomberg dot com,
Speaker 1: the Bloomberg Business at and at Bloomberg Rictape is a
Speaker 1: Bloomberg Business flash. And I'm camerin Moscow and this update
Speaker 1: is brought to you by Sei Christies emphasized character and partnership,
Speaker 1: one mission, one community. See I go to se i
Speaker 1: C dot com slash I m S and futures. They're
Speaker 1: on the rise this morning, ahead of that December jobs
Speaker 1: are poured and we go to the first word breaking
Speaker 1: news dance for today's morning call. Here's Ben Baloney ebil,
Speaker 1: Good morning and good morning Karen. Modest gains in the
Speaker 1: futures right now death futures of twenty two points. SUPs
Speaker 1: are up ten well than as a futures rise by
Speaker 1: fifty two. The US ten yeld at one point seven
Speaker 1: two percent, Gold is little changed, Oil trading higher, and
Speaker 1: bitcoin is down by two. Japan was a little changed overnight,
Speaker 1: while up markets are quiet this morning, and back in
Speaker 1: the US on the economic front, like you said a
Speaker 1: thirty December jobs report after Belts night, T mobile customer
Speaker 1: churn missed estimates and regarding earnings this morning, Acuity Brands
Speaker 1: q N just STPs beat estimates and other news. Game
Speaker 1: Stop is jumping sent pre market as a company plans
Speaker 1: to launch a marketplace for n f T s and
Speaker 1: wrapping things up. M customers raised top perform at Credit
Speaker 1: Sweez Starbucks cut to sector perform at RBC. Coles was
Speaker 1: got to sell ubs on inflationary pressure in a T
Speaker 1: and T was raised to equoit over at Wells far Ago.
Speaker 1: Live from the first REKA News discom Bill Maloney camp alright, Bill,
Speaker 1: thank you, and to hear live breaking news over her Bloomberg.
Speaker 1: Have squawk on your terminal SCU A w K and
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 Karen,
Speaker 1: thank you, very much. The Northeast is going to a
Speaker 1: visit from Old Man Winter. New Jersey is under a
Speaker 1: state of emergency because of a winter storm that can
Speaker 1: dump up to six inches of snow. Connecticut closed state offices.
Speaker 1: New York City has floyd about sixteen hundred plows throughout
Speaker 1: the city. Three white men convicted of murder in Georgia
Speaker 1: in the deadly chase and shooting of Amandabree are due
Speaker 1: back in court for sentencing today. Father and son Greg
Speaker 1: and Travis McMichael, and their neighbor William Bryan are expected
Speaker 1: to get life in prison. North Korea says it will
Speaker 1: skip next month's Beijing Olympics because of the COVID nineteen
Speaker 1: pandemic and hostile forces move. Its statement is largely redundant
Speaker 1: since it has already been suspended from the games by
Speaker 1: the I o C. In the NBA, the Nikes beat
Speaker 1: the Celtics one O eight, one oh five. The Warriors lost.
Speaker 1: In the NHL, the Devil's won, the Rangers and Bruins lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven under
Speaker 1: journalists and analysts, more than a hundred twenty countries. I'm
Speaker 1: Michael Barr, and this is Bloomberg. Karen alright, Michael, thank
Speaker 1: you At sixty nine on Wall Street. Less turn to
Speaker 1: news in science and Technology now with a Bloomberg n
Speaker 1: j I T STEM report, brought to you by New
Speaker 1: Jersey Institute of Technology, ranked in the top two percent
Speaker 1: nationally for alumni mid career earnings and number one in
Speaker 1: the nation for student upward economic mobility. Learn more at
Speaker 1: n j I T dot e DU now Here's what's
Speaker 1: making news and science, technology, engineering and math. One of
Speaker 1: the first studies to track whether COVID nineteen vaccinations might
Speaker 1: affect women's periods found a small and temporary change. Research
Speaker 1: track nearly four thousand US women through six months real cycles,
Speaker 1: and on average, the next period after a shot started
Speaker 1: about a day later than usual, but there was no
Speaker 1: change in the number of days of menstrual bleeding after
Speaker 1: COVID nineteen vaccination. Bank of America is pushing back its
Speaker 1: return to office another week. The company is now encouraging
Speaker 1: US employees to work remotely through the week starting Monday
Speaker 1: while it evaluates its next move. The bank also continued
Speaker 1: to encourage workers to get fully vaccinated and received booster shots,
Speaker 1: although it stopped short of a full mandate, and COVID
Speaker 1: is also impacting the gaming industry. E three, the biggest
Speaker 1: annual video game expo in the country, canceled its event
Speaker 1: in June. Calling off the conference five months in advance
Speaker 1: is unusual. C S, the largest consumer electronics show in
Speaker 1: the US, pressed ahead with its event this week in
Speaker 1: Las Vegas, even as the omicron variant surges. And that's
Speaker 1: the Bloomberg and j I t Stem report. Nathan, Thank you, Karen.
Speaker 1: We are live from the Bloomberg Interactive Brokers studios where
Speaker 1: at six fifty one on Wall Street. I'm not to
Speaker 1: check what's going on in d C. Some of the
Speaker 1: top stories from our Nations Appital include Congress marking a
Speaker 1: year since the January sixth thread and showing the wounds
Speaker 1: still run deep, the White House finalizing plans to ship
Speaker 1: COVID test kits to millions of American homes, and a
Speaker 1: watchdog reportedly warning that the Department of Health and Human
Speaker 1: Services is unprepared to take over the nation's vaccine program.
Speaker 1: More and all. These stories were joined by Bloomberg Government
Speaker 1: reporter Emily Wilkins from the nation's capital. Emily, good morning.
Speaker 1: Of course, we had hours of events yesterday on Capitol
Speaker 1: Hill looking back at the events of January six, and
Speaker 1: it really seemed to show the division that still persists
Speaker 1: in this country. Yeah, I think the biggest image from
Speaker 1: yesterday was in the House Chamber as Speaker Nancy plusi
Speaker 1: u to speech commemorating January six. I was in the
Speaker 1: gallery at the time, and you could see a handful
Speaker 1: of Democrats who have come made the trip back to Washington.
Speaker 1: They're not in session this week, but they made the
Speaker 1: trip to be here um and and to sort of
Speaker 1: just stand in recognition. And then you looked over to
Speaker 1: the Republican side of the chamber and it was almost
Speaker 1: completely empty. The only two Republican officials who were there
Speaker 1: were Liz Cheney and her father, Dick Cheney. And as
Speaker 1: they exited the chamber, UM, I was a part of
Speaker 1: a group of reporters who asked Dick Cheney, you know
Speaker 1: why he decided to come today and what he thought
Speaker 1: about current Republican leadership, And the response that he gave
Speaker 1: us was that Republican leaders today he didn't recognize them
Speaker 1: from the folks that he worked with. When he was
Speaker 1: in power as vice president, and I think that was
Speaker 1: sort of a really powerful image summarizing where Congress stands
Speaker 1: today a year after January six. UM, most Republicans weren't
Speaker 1: even on the Hill. A number of them were at
Speaker 1: Senator Johnny Isaacson's funeral down in Georgia, but there were
Speaker 1: two other Republicans on the Hill. They weren't in the room,
Speaker 1: but Marjorie Taylor Um and Mac Gates did a pressor
Speaker 1: where they reiterated a number of conspiracy theories and and
Speaker 1: other items that don't really have any evidence behind them
Speaker 1: as part of January six. So there's really sort of
Speaker 1: a wide gulf not only just between the Democrat and
Speaker 1: Republican parties on what happened and what's needed to go forward,
Speaker 1: but also within the Republican party on how they think
Speaker 1: about and talk about January six. And it shows sort
Speaker 1: of a wide gulf between how Republicans talked about January
Speaker 1: six and the immediate aftermath and how they talk about
Speaker 1: it now. You remember a number of forceful denunciations of
Speaker 1: former President Trump in the in the days following the attack,
Speaker 1: but now for many Republicans it's been like a complete
Speaker 1: one eighty absolutely. I mean, you saw this, this moment
Speaker 1: um immediately after the attacks, when lawmakers returned to the floor,
Speaker 1: where there seemed to be a moment of unity. But
Speaker 1: then what happened is you had one hundred forty seven
Speaker 1: Republicans go ahead and vote to oppose the certification of
Speaker 1: various states lactoral votes, which was the part of the
Speaker 1: whole reason that writers had stormed the building to begin with,
Speaker 1: is that they were told, uh, they were lied to
Speaker 1: repeatedly that the election was stolen, even though we have
Speaker 1: people from Trump's own cabinet who did research on the
Speaker 1: election and said that that it was legitimate. Um, that
Speaker 1: it actually went off pretty fairly, fairly well, especially for
Speaker 1: election with a lot of mail and ballots for the
Speaker 1: first time. Um. And this is sort of a narrative
Speaker 1: that you wonder how it's going to be playing into two.
Speaker 1: We've already seen a number of candidates Republicans who are
Speaker 1: throwing their hat into the ring to run repeat the
Speaker 1: lie that Joe Biden is not president, that the election
Speaker 1: was stolen, And this seems to sort of be a
Speaker 1: part of the dialogue that you need to say if
Speaker 1: you want to gain Trump support. If you want to
Speaker 1: gain the support for Trump's followers. So this is certainly
Speaker 1: something that's going to continue to be discussed uh into
Speaker 1: this mid term here and probably as well as all right, well,
Speaker 1: let's go forward to some other developments in Washington. The
Speaker 1: White House, as you know, has been really trying to
Speaker 1: play catch up on this shortage of COVID tests across
Speaker 1: the country, and now we're hearing that they're getting closer
Speaker 1: to a plan. Yes, so they've one thing that they
Speaker 1: are working on, and this was per the Washington Post,
Speaker 1: is that they're getting closer on sending out those millions
Speaker 1: of testing kits two Americans, getting a website in place. Um,
Speaker 1: we're hearing White House officials say by mid January that
Speaker 1: Americans can log onto request one of those at home
Speaker 1: testing kits and received that in the mail. Um. They're
Speaker 1: also moving with forward with taking responsibility for the vaccines. Uh.
Speaker 1: This was something that was being shared partly by the Pentagon,
Speaker 1: but is now shifted to the U. S. Department of
Speaker 1: Health and Human Services. Although now we've gotten now on
Speaker 1: the terminal story about a Government Accountability Office watchdog flagging
Speaker 1: that the d U S. Department of Health and her
Speaker 1: Human Services are not fully prepared to take responsibility or
Speaker 1: this vaccine program that they just don't have enough staff,
Speaker 1: that they're not ready to take on all the requirements
Speaker 1: of it. So I think there's still potentially rocky ground
Speaker 1: ahead and getting out vaccines to American people and getting
Speaker 1: out tests to American people. Um, and sort of what
Speaker 1: the next phase of this pandemic is going to bring. Yeah,
Speaker 1: certainly we're going to be continuing to watch that. Finally,
Speaker 1: some new information this morning from the White House on
Speaker 1: helping low income people pay their winter heating bills. Got
Speaker 1: about thirty seconds left here, Yeah, so this one basically,
Speaker 1: the White House is allocating several million dollars to help
Speaker 1: low income folks with their heating bills this winter. Obviously,
Speaker 1: states with bigger populations, states that are much colder are
Speaker 1: getting the bulk of the funding. And this just comes
Speaker 1: as the White House is continuing to acknowledge the need
Speaker 1: for people to have some assistance as COVID and O
Speaker 1: Macron continue to sweep across the country. Yeah, and timely
Speaker 1: news as another winter storm blankets the Northeast as we speak.
Speaker 1: Emily Wilkins of Bloomberg Government, hope you have a great
Speaker 1: weekend when it comes around, and you can read more
Speaker 1: about all these stories of Bloomberg dot com or on
Speaker 1: the Bloomberg terminal, and a reminder follow all the latest
Speaker 1: on Bloomberg Radio in Washington Bloomberg and one oh five
Speaker 1: point seven FM h D two. As we await the
Speaker 1: market open and the release of December payrolls, futures are
Speaker 1: moving up slightly. SMP futures up nine point, staff futures
Speaker 1: up fourteen. That's basically a little change. The NASDAC futures
Speaker 1: higher by fifty points ten. Your treasury is now down
Speaker 1: one thirty second. The yield one point seven two yield
Speaker 1: on the two year point eight seven. Nime x screwed
Speaker 1: up six ten percent at sevent barrel, the euro one
Speaker 1: point one three oh three against the dollar, and bitcoin
Speaker 1: at forty two thou two hundred dollars. Bloomberg Surveillance up
Speaker 1: next for Karen Moscow. I'm Nathan Hagar. This is Bloomberg