WEBVTT - Bloomberg Daybreak: March 9, 2022 - Hour 1 (Radio) 0:00:01.680 --> 0:00:05.080 By from the Bloomberg Interactive Berger Studios. This is Bloomberg 0:00:05.160 --> 0:00:09.600 Daybreak for Wednesday, March nine. Coming up this hour, Russian 0:00:09.600 --> 0:00:13.840 forces intensify their attack on Ukraine's capital city, Kiev. Energy 0:00:13.880 --> 0:00:17.640 markets remain volatile as President Biden bands imports from Moscow. 0:00:17.880 --> 0:00:20.960 Starbucks and Coca Cola are the latest to suspend business 0:00:20.960 --> 0:00:23.160 in Russiette, and a big name investor warns of a 0:00:23.440 --> 0:00:28.080 print on US inflation. Jersey Governor Murphy unveiled his state budget, 0:00:28.080 --> 0:00:30.960 plus Florida's so called Don't Say Game bill is on 0:00:31.000 --> 0:00:34.240 its way to the Governor's nest. I'm Michael blarr More Ahead, 0:00:34.720 --> 0:00:37.159 John stash own Sports, the Nets, One, the Rangers, and 0:00:37.200 --> 0:00:40.360 Devil's Lost, Big trade in the NFL's of optimism for 0:00:40.400 --> 0:00:45.440 the end of the baseball lockout. That's all straight Ahead 0:00:45.520 --> 0:00:49.240 on Bloomberg day Break on Bloomberg Element Trio, New York, 0:00:49.400 --> 0:00:54.120 Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston, 0:00:54.280 --> 0:00:58.840 Bloomberg nine sixties and Francisco Sirius x M one nineteen 0:00:59.160 --> 0:01:01.880 and around the world Old on Bloomberg Radio dot Com 0:01:02.000 --> 0:01:08.639 and via The Bloomberg Business. Good Morning, I'm Nathan Hagar 0:01:09.000 --> 0:01:12.319 and I'm Karen Moscow. US future is rebounding this morning. 0:01:12.319 --> 0:01:14.039 We're coming up to five o one on Wall Street, 0:01:14.040 --> 0:01:16.200 and we check the markets every fifteen minutes throughout the 0:01:16.240 --> 0:01:19.440 trading day. On Bloomberg. Right now, SNP futures are up 0:01:19.440 --> 0:01:22.680 sixty nine points down. Futures have four hundred seventy three. 0:01:23.120 --> 0:01:26.399 NASDAG futures have two hundred sixty three. That's up two percent. 0:01:26.760 --> 0:01:30.119 The decks in Germany's at four point seven percent ten. 0:01:30.160 --> 0:01:32.680 Your treasury down fourteen thirty seconds, you had one point 0:01:32.920 --> 0:01:35.200 nine percent. They yield on the two year one point 0:01:35.200 --> 0:01:38.280 six five percent. Nine X screwed oil is down two 0:01:38.319 --> 0:01:40.400 and a half percent, down three dollars six cents at 0:01:40.400 --> 0:01:43.039 a hundred twenty dollars sixty three cents of barrel and 0:01:43.120 --> 0:01:45.959 COMEXS gold is down one percent at two thousand twenty 0:01:45.959 --> 0:01:48.400 three dollars, announced Nathan. All right, Karen, we'll have more 0:01:48.440 --> 0:01:50.360 on the markets in a minute. First, the latest on 0:01:50.400 --> 0:01:53.840 the war in Ukraine. Russian forces have intensified their strikes 0:01:53.880 --> 0:01:57.160 on Kiev. We get the very latest from Bloomberg's back stair. 0:01:57.640 --> 0:02:00.559 The bulk of Russian forces are about thirty miles away 0:02:00.560 --> 0:02:03.200 from the city. Now. This coincides with what U S 0:02:03.240 --> 0:02:06.960 Intelligence Director Avril Haines is telling the House Intelligence Committee 0:02:07.160 --> 0:02:09.799 that Vladimir Putin thought the war would end in two 0:02:09.919 --> 0:02:12.600 days and that he will now be more brutal. Our 0:02:12.639 --> 0:02:15.400 analysts assessed that Putin is unlikely to be deterred by 0:02:15.400 --> 0:02:18.920 such setbacks and instead may escalate, essentially doubling down to 0:02:18.960 --> 0:02:23.640 achieve Ukrainian disarmament and neutrality. Haynes says if the resistance continues, 0:02:23.680 --> 0:02:25.720 it may have to change with some kind of face 0:02:25.760 --> 0:02:29.240 saving action, but that that resistance will have to remain 0:02:29.440 --> 0:02:33.400 very strong. In San Francisco, I'm at Baxter Bloomberg daybreak, 0:02:33.560 --> 0:02:36.440 all right, and thank you. In Ukraine, pleasure, President Vladimir 0:02:36.520 --> 0:02:39.360 z Lenski is calling for more support from allies. He 0:02:39.400 --> 0:02:45.360 addressed the UK House of Commons yesterday. Police increase the 0:02:45.440 --> 0:02:50.519 pressure of sanctions against this country, and police recognize this 0:02:50.600 --> 0:02:54.880 contract as a terrorist state, and police make sure that 0:02:54.880 --> 0:02:59.480 our Ukrainian sky is a safe Zelenski's addressed was the 0:02:59.480 --> 0:03:02.480 first ever speech to the UK Chamber by a foreign leader. 0:03:02.680 --> 0:03:05.000 Back here in the US, care and lawmakers on Capitol 0:03:05.080 --> 0:03:08.560 Hill have crafted legislation to banned US imports of Russian oil. 0:03:08.680 --> 0:03:11.400 The move came just hours after President Biden called for 0:03:11.440 --> 0:03:15.040 a band Amy Morris has details from our Bloomberg newsroom 0:03:15.040 --> 0:03:18.400 in Washington. The House legislation is a response by lawmakers 0:03:18.440 --> 0:03:22.040 to public anger over Russia's invasion of Ukraine. It's also 0:03:22.120 --> 0:03:26.400 forced President Biden's hand despite the administration's concerns about the 0:03:26.400 --> 0:03:30.080 effect on energy prices. Biden had a warning for companies 0:03:30.120 --> 0:03:33.720 trying to profit off the crisis. No excuse to exercise 0:03:34.000 --> 0:03:38.120 excessive press increases or patting profits, or any kind of 0:03:38.160 --> 0:03:41.200 effort to exploit the situation. The House bill bars the 0:03:41.200 --> 0:03:45.040 importation of Russian crude oil, liquefied natural gas, coal, and 0:03:45.120 --> 0:03:49.560 refined products like gasoline and kerosene. It also reviews Russia's 0:03:49.600 --> 0:03:52.920 access to the World Trade Organization. It is scheduled for 0:03:52.960 --> 0:03:55.720 a floor vote later today and will take effect forty 0:03:55.720 --> 0:03:59.000 five days after it's enacted in Washington. I'm Amy Morris, 0:03:59.000 --> 0:04:01.400 Bloomberg Daybreak. All right, Amy, thank you, Turning back to 0:04:01.400 --> 0:04:04.040 the US economy. It's all about inflation this week. We 0:04:04.120 --> 0:04:07.640 get the latest reading on consumer prices tomorrow. Meantime, Billionaire 0:04:07.680 --> 0:04:11.520 bomb manager Jeffrey Gunlock Warrens that inflation could approach ten 0:04:11.600 --> 0:04:14.480 percent this year. He said the FED needs to aggressively 0:04:14.520 --> 0:04:18.120 tighten monetary policy. The CEO of Double Line Capital also 0:04:18.240 --> 0:04:22.200 says that bonds are currently overvalued, while emerging market debt 0:04:22.240 --> 0:04:26.560 is cheap. Minnesota Democratic Senator Tina Smith Karen says it 0:04:26.680 --> 0:04:30.080 is important that us the US not rely on for 0:04:30.240 --> 0:04:35.279 an oil. The power of being energy independent and doing 0:04:35.279 --> 0:04:40.080 that through moving aggressively into clean power and renewable power 0:04:40.600 --> 0:04:42.440 is that you know, the putting has no say on 0:04:42.480 --> 0:04:45.160 whether how much we pay for wind or solar. In fact, 0:04:45.200 --> 0:04:48.160 that power is free. It gives us so much more resilience, 0:04:48.200 --> 0:04:51.800 I think. Minnesota Senator Tina Smith spoke with our Washington 0:04:51.839 --> 0:04:55.200 corresponded Joe Matthew on Bloomberg Sound On Catch the program 0:04:55.200 --> 0:04:58.440 weekdays at five pm Eastern on Bloomberg Radio. Well, Nathan, 0:04:58.440 --> 0:05:00.760 the list of companies is spending up. Rations are pulling 0:05:00.800 --> 0:05:03.039 out of RuSHA keeps growing. We get the latest live 0:05:03.080 --> 0:05:05.720 from Bloomberg's renit A Young, Good morning, Reni Down, Good 0:05:05.720 --> 0:05:09.920 morning Karen. Iconic brands like Starbucks, Coca Cola, and McDonald's 0:05:09.920 --> 0:05:12.640 are the latest to pull out of Russia. The coffee 0:05:12.680 --> 0:05:16.000 chain's partner in the country is pausing operations and will 0:05:16.040 --> 0:05:19.040 give support to the nearly two thousand partners who depend 0:05:19.080 --> 0:05:22.719 on the company for their livelihood. PayPal is also suspending 0:05:22.720 --> 0:05:26.680 business in Russia, and PepsiCo says it'll suspend soft drink 0:05:26.760 --> 0:05:29.839 sales in the country, but will continue to sell daily 0:05:29.960 --> 0:05:33.840 essentials like baby formula and milk. Live in New York, 0:05:33.920 --> 0:05:37.400 I'm rened a young Bloomberg Daybreak Reneda thanks the Russian 0:05:37.480 --> 0:05:40.880 roubles trading for the first time this week and weakening sharply. 0:05:41.279 --> 0:05:44.039 European equities, meantime are staging a comeback. Let's go to 0:05:44.080 --> 0:05:46.359 London get the very latest life with Bloomberg's U and pots. 0:05:46.360 --> 0:05:49.119 Good morning, Good morning, Nathan and Karen. Plenty of green 0:05:49.240 --> 0:05:52.479 on traders Bloomberg screens today. That's as dip buys ways. 0:05:52.520 --> 0:05:56.520 The global ecomic impact of escalating sanctions is already reflected 0:05:56.760 --> 0:06:00.880 in equity prices. Urostoxy gaining this morning, with banks, tech, 0:06:00.960 --> 0:06:04.599 and travel leisure among the best performing sectors. Something not 0:06:04.720 --> 0:06:08.640 gaining today Russia's rouble. It slumps as much as seven 0:06:08.680 --> 0:06:11.640 point eight percent against the dollar as the onshore market 0:06:11.680 --> 0:06:14.760 resumed in Moscow, giving local traders their first chance this 0:06:14.800 --> 0:06:18.480 week to react to recent negative developments. Live in London, 0:06:18.480 --> 0:06:20.880 i'mum pots back, daybreak, right do and thank you. And 0:06:20.920 --> 0:06:24.719 in Asia, overnight inflation was also in focus. China's factory 0:06:24.760 --> 0:06:27.560 prices eased again in February, although the outlook is deterior. 0:06:27.640 --> 0:06:30.960 Rating of Bloombergy Daybreak Asia anchor Brian Curtis has the details. 0:06:31.240 --> 0:06:33.560 The pp I rose eight point eight percent from a 0:06:33.640 --> 0:06:37.360 year earlier. That's down from nine point one percent in January. 0:06:37.560 --> 0:06:40.000 It did beat the estimate of eight point six percent, 0:06:40.120 --> 0:06:43.360 but the spike in commodity since Russia invaded Ukraine may 0:06:43.400 --> 0:06:47.880 flip these numbers. In March. Meantime, consumer inflation was muted. 0:06:48.080 --> 0:06:51.520 The CPI was unchanged at zero point nine percent, the 0:06:51.560 --> 0:06:55.920 same as economists had projected. Bryan Curtis Bloomberg Daybreak, Okay, Brian, 0:06:55.960 --> 0:06:58.280 thanks right now. Some p futures are up seventy six 0:06:58.360 --> 0:07:01.240 points down futures up five twenty six, Nasdaq futures up 0:07:01.240 --> 0:07:05.080 two two points. Send your treasury down sixteen thirty seconds. 0:07:05.120 --> 0:07:09.240 The yield one point nim X screwed is down two 0:07:09.320 --> 0:07:12.640 point one down two dollars fifty six cents a year 0:07:13.040 --> 0:07:16.560 fourteen cents of barrel. Straight ahead, your latest local headlines. 0:07:16.600 --> 0:07:23.840 In the check of sports. This is Bloomberg's South five 0:07:23.880 --> 0:07:26.520 oh seven on Wall Street, word forty degrees in Central Park. 0:07:26.600 --> 0:07:29.320 Still seeing issues on New Jersey transit after this week's wins. 0:07:29.320 --> 0:07:31.120 We'll get the details on that for you shortly. In 0:07:31.120 --> 0:07:33.760 traffic First, Michael Barr with more on what's going on 0:07:33.800 --> 0:07:35.240 in New York and around the world. Good what do you 0:07:35.200 --> 0:07:38.160 you might call? Good morning, Nathan. New Jersey Democratic Governor 0:07:38.200 --> 0:07:41.600 Phil Murphy has proposed a forty eight point nine billion 0:07:41.640 --> 0:07:45.320 dollar budget. It boosts k through twelve funding, makes a 0:07:45.360 --> 0:07:49.000 full public pension payment for the second straight year, and 0:07:49.040 --> 0:07:53.200 redistributes nearly a billion dollars in property tax relief. Murphy 0:07:53.280 --> 0:07:56.360 unveil the proposal during a speech and the Assembly chamber, 0:07:56.800 --> 0:08:00.600 and I'm proud across our first four years key together 0:08:01.280 --> 0:08:04.600 we cut taxes for our middle class and working families 0:08:04.640 --> 0:08:09.520 and seniors. Fourteen times. New Jersey had better than expected 0:08:09.600 --> 0:08:13.520 sales and income tax collections. Governor Murphy also talked about 0:08:13.640 --> 0:08:17.720 the Russian invasion in Ukraine. Our administration is assessing what 0:08:18.000 --> 0:08:21.560 financial or business exposure we may have to the Russian 0:08:21.600 --> 0:08:27.720 government or Russian owned business interests or securities, including in 0:08:27.760 --> 0:08:31.040 our pension funds. Governor Murphy says the administration will make 0:08:31.080 --> 0:08:35.880 sure state tax payer dollars are not supporting Russian Florida's 0:08:35.920 --> 0:08:40.600 controversial legislation, which affects discussions about sexual orientation and gender 0:08:40.640 --> 0:08:43.640 in public classrooms, is on its way to the Florida 0:08:43.679 --> 0:08:48.840 Governor's desk. LGBTQ advocates dubbed it the Don't Say Gay Bill. 0:08:49.160 --> 0:08:53.400 The Biden administration has denounced the bill as anti LGBTQ. However, 0:08:53.760 --> 0:08:57.000 supporters say the bill would not keep people from talking 0:08:57.040 --> 0:09:00.320 about the issues in classrooms, but change correct a lament 0:09:00.480 --> 0:09:03.640 lessons on it. A Texas man was convicted of storming 0:09:03.679 --> 0:09:07.440 the US capital with a holstered handgun. Jury also convicted 0:09:07.520 --> 0:09:10.880 Guy Refit of interfering with police officers who were guarding 0:09:10.920 --> 0:09:14.800 the capital. On January six, Democrats and Republicans in Congress 0:09:14.800 --> 0:09:17.120 struck a deal on a long delayed one point five 0:09:17.160 --> 0:09:20.199 trillion dollars spending bill that would fund the US government 0:09:20.200 --> 0:09:22.920 through the rest of the fiscal year. It also provides 0:09:22.960 --> 0:09:26.360 thirteen point six billion dollars to respond to Russia's invasion 0:09:26.400 --> 0:09:29.680 of Ukraine. A bipartisan build a reform the US Postal 0:09:29.800 --> 0:09:32.960 Service and give it a much needed financial boost. Easily 0:09:33.000 --> 0:09:35.640 passed the Senate. The House passed it earlier, and the 0:09:35.640 --> 0:09:39.400 bill is now headed to President Biden's desk. Senate Majority 0:09:39.480 --> 0:09:43.160 Leader Chuck Schumer of New York. We passed strong bipartisan legislation. 0:09:43.520 --> 0:09:47.160 It's a win win, win for bipartisanship, for our postal workers, 0:09:47.440 --> 0:09:49.760 and a win for tens of millions of Americans who 0:09:49.760 --> 0:09:53.320 rely on the post Office every day. Schumer. Global News 0:09:53.360 --> 0:09:55.840 twenty four hours a day on air and on Bloomberg 0:09:55.960 --> 0:09:59.000 quick Take, powered by more than twenty seven hundred journalist 0:09:59.040 --> 0:10:01.920 and analysts, more than a for twenty countries. Michael Barron, 0:10:02.040 --> 0:10:09.439 this is Bloomberg, Nathan. Thanks Michael. Come it's a five 0:10:09.480 --> 0:10:12.200 town Wall Street time for the Bloomberg Sports Uptake in morning. Johnston, 0:10:12.559 --> 0:10:14.760 Good morning, Nathan. This comes under the heading of We've 0:10:14.800 --> 0:10:18.040 seen this before, but there is some growing optimism that 0:10:18.120 --> 0:10:20.840 the baseball lockout might be coming to an end. Although 0:10:20.880 --> 0:10:23.240 once before there was a long meeting and it did 0:10:23.280 --> 0:10:25.240 not lead to a new labor deal. The two sides 0:10:25.320 --> 0:10:29.480 just had a seventeen hour bargaining session that lasted until 0:10:30.160 --> 0:10:32.200 just a few hours ago, and they're coming back for 0:10:32.280 --> 0:10:35.319 more today. They not only did not cancel another week's 0:10:35.360 --> 0:10:37.400 worth of regular season games, as they threatened to do, 0:10:37.559 --> 0:10:40.720 but one bargaining chip now used by the owners is 0:10:41.120 --> 0:10:44.240 squeezing in a one hundred and sixty two game season 0:10:44.320 --> 0:10:47.440 playing the games that were canceled the week ago wa 0:10:47.520 --> 0:10:51.040 today in the NFL offseason, First, the Aaron Rodgers resigning 0:10:51.160 --> 0:10:53.800 in Green Bay, ending a year long talk of him 0:10:53.880 --> 0:10:57.800 leaving or retiring. He had about two hundred million reasons 0:10:57.800 --> 0:10:59.680 to stay with the Packers. That's the size of his 0:10:59.720 --> 0:11:03.160 new four year deal with Green Bay. Denver wanted to 0:11:03.200 --> 0:11:06.040 acquire Rodgers in a trade. When that fell through, the 0:11:06.080 --> 0:11:10.040 Broncos traded for Russell Wilson. The Seahawks get three players, 0:11:10.080 --> 0:11:13.320 two first round draft picks, two seconds in return. The 0:11:13.320 --> 0:11:17.160 Broncos have needed a better quarterback ever since Peyton Manning retired. 0:11:17.480 --> 0:11:20.439 The Nets since Charlotte Kyrie Irvan gets to play road games, 0:11:20.440 --> 0:11:23.040 and what a game he did play. In thirty eight minutes, 0:11:23.080 --> 0:11:27.720 Irving scored fifty points. He shot fifteen of nineteen, made 0:11:27.840 --> 0:11:31.000 nine of twelve three pointers, his fifth career fifty point game. 0:11:31.040 --> 0:11:33.800 Thatt's beat the Hornets one thirty two one one. They 0:11:33.840 --> 0:11:36.280 played tomorrow in Philadelphia against their old friend James hard 0:11:36.400 --> 0:11:39.600 Nick's played tonight in Dallas. Rangers lost in Minnesota five 0:11:39.640 --> 0:11:43.720 to two. Devils beat the NHL leading Colorado Avalanche five three. St. 0:11:43.800 --> 0:11:46.120 John's plays to Paul tonight at the biggest tournament at 0:11:46.160 --> 0:11:50.280 the Garden. John Dashwar Bloomberg Sports Nathan Okay, John thanks 0:11:50.280 --> 0:11:53.120 Stocks making a comeback. Right now sp features up seventy 0:11:53.120 --> 0:11:56.480 one point, staff features up five two vansact futures hired 0:11:56.480 --> 0:11:58.320 by two or seventy three points in the ten yere 0:11:58.400 --> 0:12:02.080 down sixteen thirty seconds. The yield one point nine zero percent. 0:12:02.320 --> 0:12:09.439 This is Bloomberg Bloomberg eleven three oh weather. Rain likely 0:12:09.480 --> 0:12:11.520 may be mixed with a little what snow. Upper thirties 0:12:11.559 --> 0:12:14.240 for highs partly Sunday Tomorrow upper forties will be near 0:12:14.320 --> 0:12:17.120 fifty with a mix of sun and clouds and winds. 0:12:17.320 --> 0:12:23.960 Right now forty in Central Park Markets, headlines and breaking 0:12:23.960 --> 0:12:26.880 news twenty four hours a day at Bloomberg dot Com, 0:12:27.000 --> 0:12:31.199 the Bloomberg Business Outland at Bloomberg Quicktape. She's a Bloomberg 0:12:31.320 --> 0:12:40.480 Business lash, but I'm Karen Moscow US dot Index futures 0:12:40.480 --> 0:12:44.160 and European shares are extending gains as dip buyers wager 0:12:44.200 --> 0:12:47.640 the global economic impact of escalating sanctions on Russia is 0:12:47.679 --> 0:12:50.800 already reflected in market prices. We check the markets every 0:12:50.840 --> 0:12:53.880 fifteen minutes throughout the trading day. On bloomberg S and 0:12:53.960 --> 0:12:57.120 P futures are up more than seventy points down, futures 0:12:57.120 --> 0:13:00.920 of four eighty five, Nastack futures up two hundred sixty 0:13:01.000 --> 0:13:04.360 three or two percent. The docks in Germany is up 0:13:04.360 --> 0:13:07.160 five point one percent, the cack in Paris at four 0:13:07.200 --> 0:13:09.520 point nine percent of the foot see one hundred up 0:13:09.520 --> 0:13:12.720 two point two per set ten. Your treasury down sixteen 0:13:12.800 --> 0:13:15.760 thirty seconds. He had one point nine zero percent. They 0:13:15.840 --> 0:13:18.280 yield on the two year one point six five percent. 0:13:18.760 --> 0:13:21.800 Nine x Scrude oil moving lower down one point one percent, 0:13:21.880 --> 0:13:23.920 down a dollar forty two and a hundred twenty two 0:13:23.960 --> 0:13:27.160 dollars thirty cents of barrel comes. Gold is down one 0:13:27.200 --> 0:13:30.200 point two percent on twenty four dollars thirty cents at 0:13:30.240 --> 0:13:33.640 two thousand nineteen dollars announced. The euro one point oh 0:13:33.720 --> 0:13:36.400 nine eight zero against the dollar, the British pound one 0:13:36.400 --> 0:13:39.480 point three one six three the end at one fifteen 0:13:39.480 --> 0:13:43.440 point eight five and Bitcoin this morning moving higher at 0:13:43.480 --> 0:13:47.439 more than nine percent at forty two thousand, one hundred dollars. Today, 0:13:47.480 --> 0:13:49.800 we are looking for the Jolts jobs report at at 0:13:49.800 --> 0:13:53.360 ten o'clock Wall Street Time. That's a Bloomberg business flash. 0:13:53.400 --> 0:13:55.720 Now here's Michael Barr with more on what's going on 0:13:55.800 --> 0:13:59.480 around the world. Michael, good morning, Good morning, Karen. Ukraine's 0:13:59.520 --> 0:14:03.840 deputy prime minister says Russia agreed to open humanitarian corridors 0:14:03.960 --> 0:14:06.319 in parts of the country for twelve hours to allow 0:14:06.360 --> 0:14:10.320 civilians to escape from several cities. It comes as the 0:14:10.400 --> 0:14:15.199 US warn that Russian forces were intensifying their bombardment of Kiev. 0:14:15.800 --> 0:14:19.040 The Pentagon says Poland's offered to give its mid twenty 0:14:19.080 --> 0:14:22.080 nine fighter jets to the US so they can be 0:14:22.160 --> 0:14:26.120 passed to Ukraine raises serious concerns for the NATO alliance 0:14:26.480 --> 0:14:29.960 and the plan is not a tenable one. Pentagon spokesman 0:14:30.160 --> 0:14:33.760 John Kirby said that the prospect of jets departing from 0:14:33.760 --> 0:14:35.960 a U S NATO based in Germany to fly into 0:14:36.040 --> 0:14:40.520 airspace contested with Russia in the Ukraine War is concerning. 0:14:41.120 --> 0:14:43.640 U AND officials say two million people have fled Ukraine 0:14:43.840 --> 0:14:47.440 in the two weeks since Russia's invasion, as the humanitarian 0:14:47.520 --> 0:14:52.240 situation in the country's besieged cities has grown worse. In mirror, 0:14:52.320 --> 0:14:56.160 pole bodies lay uncollected in the streets, and hopes for 0:14:56.280 --> 0:15:01.360 a mass evacuation of civilians were dashed again. Global News 0:15:01.360 --> 0:15:04.080 twenty four hours a day on air and on Bloomberg 0:15:04.160 --> 0:15:06.880 Quick Take, powered by more than twenty seven hundred journalists 0:15:06.880 --> 0:15:09.720 and antilists more than a hundred twenty countries. Michael Barr 0:15:09.760 --> 0:15:13.080 and this is Bloomberg. Thanks Michael. It's five twenty on 0:15:13.120 --> 0:15:16.200 Wall Street Line from the Bloomberg Interactive Brokers studios. This 0:15:16.400 --> 0:15:18.880 is Bloomberg Daybreak and we're joined now from our Paris 0:15:18.960 --> 0:15:21.200 bureau this morning by Bloomberg's Maria today I as we 0:15:21.240 --> 0:15:24.360 continue tracking the latest on the war in Ukraine. Maria, 0:15:24.400 --> 0:15:26.320 good morning, get us up to speed on developments from 0:15:26.360 --> 0:15:29.880 where you said, well, you know, this is day four 0:15:29.920 --> 0:15:33.320 teens of this war which continues uh to drag on, 0:15:33.400 --> 0:15:35.520 and of course it's it's it's it's heartbreaking for the 0:15:35.520 --> 0:15:37.880 people of Ukrainian it's a very difficult situation. But the 0:15:37.960 --> 0:15:42.080 goal now is to de escalate attentions. Today, we had 0:15:42.120 --> 0:15:46.040 a briefing from the Russian Foreign Minister who said and suggested, 0:15:46.160 --> 0:15:49.080 which to me is very interesting to say the least, 0:15:49.400 --> 0:15:52.800 the Russia has no intention of taking over the Ukrainian government. 0:15:52.920 --> 0:15:55.640 The Russia does not want to occupy Ukraine, and then 0:15:55.680 --> 0:15:59.000 also says, we would achieve results in a peaceful way, 0:15:59.200 --> 0:16:01.880 and it would be that if we achieve this result 0:16:02.200 --> 0:16:05.480 in a way that is diplomatic. Now, to me, it 0:16:05.600 --> 0:16:08.480 is telling because it does signal a shift in tone 0:16:08.640 --> 0:16:11.760 from the Russians. Uh they openly now say they don't 0:16:11.800 --> 0:16:14.160 want to get rid of President Zelinski. In many ways, 0:16:14.320 --> 0:16:17.200 what they're stating now is the obvious persident Lansky has 0:16:17.200 --> 0:16:20.480 become an icon for the people of Ukraine and occupation 0:16:20.680 --> 0:16:23.520 would not be feasible. We've seen active resistance from the 0:16:23.560 --> 0:16:26.280 people of Ukraine. But what is interesting is that they 0:16:26.320 --> 0:16:29.520 bring up again this element of let's have a dialogue, 0:16:29.600 --> 0:16:32.240 let's have a negotiation on the table, which is different 0:16:32.280 --> 0:16:34.920 to Vladimir Putin said a week ago in which she 0:16:35.040 --> 0:16:38.120 talked about a government of drug addicts and Nazis, and 0:16:38.200 --> 0:16:40.640 he repeated ten times in the speech, we have to 0:16:40.760 --> 0:16:44.840 de natify Ukraine. Are we hearing a corresponding shift in 0:16:44.880 --> 0:16:48.600 tone from Ukrainian leaders. We had that speech yesterday, the 0:16:48.720 --> 0:16:53.360 historic speech in the House of Comments from Ukrainian President Zelinski. Look, 0:16:53.480 --> 0:16:56.240 the way that they frame it is that, uh. There's 0:16:56.280 --> 0:16:59.520 a number of things here. One is Lensky has made 0:16:59.520 --> 0:17:02.040 it clear until now that he has no intention of 0:17:02.160 --> 0:17:04.800 leaving the country. And as I said before, he really 0:17:04.840 --> 0:17:08.359 has become this uh, this icon in the country for unity, 0:17:08.400 --> 0:17:11.000 for resisting and so on, and he's had a very 0:17:11.040 --> 0:17:15.479 successful media campaign. Ultimately, this is a face that everyone 0:17:15.520 --> 0:17:18.199 in Europe now recognizes. Uh. And we're talking about five 0:17:18.280 --> 0:17:21.840 hundred million people. Of course, when you look at the 0:17:21.880 --> 0:17:26.480 political way out of this, Ukraine has changed its language 0:17:26.520 --> 0:17:29.040 on on NATO yesterday, it does seem that they said, 0:17:29.080 --> 0:17:30.639 you know, we wouldn't want to double down on this. 0:17:30.760 --> 0:17:33.159 A lot of this response to or would respond to 0:17:33.280 --> 0:17:37.160 some disappointment. The Ukraine has pekin NATO decided not to 0:17:37.200 --> 0:17:41.080 close their airspace UH NATO again with weapons delivery. They 0:17:41.119 --> 0:17:43.239 feel like this could have been done faster. So this 0:17:43.280 --> 0:17:46.040 is politically a way out that he could up for. Then, 0:17:46.080 --> 0:17:48.200 when it comes to the membership of the European Union, 0:17:48.240 --> 0:17:51.960 which he has applied for and tomorrow European leaders will debate. Well, 0:17:51.960 --> 0:17:54.960 that is more complicated because Ukraine has it in its 0:17:55.000 --> 0:17:57.520 constitution that it wants to join the European Union and 0:17:57.600 --> 0:18:01.400 ultimately it's aspiration would be to enter the EU. So 0:18:02.240 --> 0:18:05.160 you know, there could be ways out for this diplomatically, 0:18:05.280 --> 0:18:08.520 but the question is what is he willing to accept? Well, 0:18:08.520 --> 0:18:10.520 what are we expecting further from the meetings that are 0:18:10.560 --> 0:18:13.399 going to be happening in Paris this week, you leaders, 0:18:13.440 --> 0:18:16.359 as you mentioned our meeting, what are the expectations coming 0:18:16.359 --> 0:18:19.280 out of that. Well, look, it's it's a two day 0:18:19.280 --> 0:18:22.800 meeting that starts tomorrow. Of course, there's going to be 0:18:22.920 --> 0:18:26.800 a debate on sanctions on Russia. Yesterday, as you know, 0:18:26.840 --> 0:18:30.160 the United States banned oil imports for the Europeans. Well, 0:18:30.200 --> 0:18:32.080 this is something they are not in opposition to do 0:18:32.600 --> 0:18:34.760 just yet. They said they want to cut down reliance 0:18:34.800 --> 0:18:37.480 on Russian gas, but it cannot be done overnight. That 0:18:37.600 --> 0:18:40.560 is a big difference, uh here compared to the United States. 0:18:40.640 --> 0:18:44.040 The transactional value of their relationship is much bigger between 0:18:44.240 --> 0:18:47.159 Russia and the EU, particularly countries like Germany. And there 0:18:47.160 --> 0:18:50.159 will also be a debate about the future of Ukraine 0:18:50.200 --> 0:18:53.800 again going back to this petition from the Ukrainian president 0:18:54.040 --> 0:18:57.439 to be taken seriously as a candidate for the European Union. 0:18:57.760 --> 0:19:00.560 All right, Bloomberg's Maria today or whether this warning from 0:19:00.600 --> 0:19:02.800 Paris where those meetings with the EU leaders will be 0:19:03.160 --> 0:19:06.800 happening in Versailles, France starting tomorrow, two day meeting that 0:19:06.840 --> 0:19:10.840 will be very closely watched as we continue monitoring developments 0:19:10.840 --> 0:19:14.440 in the war in Ukraine. Now in today fourteen, looking 0:19:14.480 --> 0:19:17.360 ahead to the market open this morning, seeing a bit 0:19:17.359 --> 0:19:21.760 of a rally for stocks this morning, and Brent crude 0:19:21.880 --> 0:19:24.959 is starting to fall as well. We have SMP futures 0:19:25.040 --> 0:19:27.320 right now of sixty seven points down, futures of four 0:19:27.359 --> 0:19:30.760 hundred fifty five, NASTAC futures are higher by two hundred 0:19:30.800 --> 0:19:34.360 sixty four points. The rally is a huge for stocks 0:19:34.400 --> 0:19:36.520 in Europe right now. The decks in Germany up four 0:19:36.600 --> 0:19:39.000 point nine percent and the CAC in Paris is higher 0:19:39.240 --> 0:19:41.680 by four and two thirds percent. The ten year treasury 0:19:41.760 --> 0:19:44.600 is down seventeen thirty seconds, the yield one point nine 0:19:44.680 --> 0:19:47.200 zero percent, yield on the two year one point six five. 0:19:47.520 --> 0:19:50.440 As I mentioned, crude is falling now. We have Brent 0:19:50.480 --> 0:19:52.840 crude down one percent at a hundred twenty six dollars 0:19:52.880 --> 0:19:55.679 sixty eight cents of barrel. Nimex crude is at one 0:19:56.119 --> 0:19:58.960 two dollars eight cents. That is a drop of one 0:19:59.000 --> 0:20:08.560 point three percent. You're listening to Bloomberg Daybreak Blomber eleven 0:20:08.600 --> 0:20:11.080 three oh weather rain possibly mixed with some wet snow, 0:20:11.200 --> 0:20:13.600 especially north and west of the city. Upper thirties today, 0:20:13.640 --> 0:20:15.760 will be in the upper forties tomorrow. The high your 0:20:15.800 --> 0:20:18.800 fifty on Friday. It's gonna be windy right now, forty 0:20:18.840 --> 0:20:25.359 in Central Park. Broadcasting live from the Bloomberg Interactive Broker 0:20:25.480 --> 0:20:28.880 Studio in New York. Bloomberg E living free to Washington, 0:20:28.960 --> 0:20:33.040 d C. Bloomberg to Boston, Bloomberg one O six one 0:20:33.160 --> 0:20:37.040 to San Francisco, Bloomberg sixty to the country Sirius XM 0:20:37.200 --> 0:20:39.960 had A one nineteen and around the globe, the Bloomberg 0:20:39.960 --> 0:20:44.440 Business app and Bloomberg Radio dot Com. This is Bloomberg Daybreak. 0:20:50.240 --> 0:20:52.240 It's five thirty on Wall Street. Good morning. I'm Nathan 0:20:52.280 --> 0:20:55.200 Hager and I'm Karen Moscow. We're just about four hours 0:20:55.240 --> 0:20:57.359 away from the open of US trading. Let's get you 0:20:57.400 --> 0:20:58.639 up to date on the news you need to know 0:20:58.680 --> 0:21:01.520 at this shower. Beginning with the war in Ukraine, the 0:21:01.640 --> 0:21:04.760 U says Russian forces are intensifying their strikes in a 0:21:04.800 --> 0:21:09.000 capital city of Kiev. Ukrainian President Voladimir z Lensky says 0:21:09.040 --> 0:21:12.960 his military will continue to defend their land. We will 0:21:12.960 --> 0:21:15.680 not give up, We will not lose. We will fight 0:21:15.800 --> 0:21:19.040 till the end, at sea, in the air. We will 0:21:19.040 --> 0:21:22.680 continue fighting for our land whatever the cost. We will 0:21:22.720 --> 0:21:25.639 fight in the forests, in the field, on the shores, 0:21:26.200 --> 0:21:29.280 in the streets. President Zelenski says he will stay in 0:21:29.400 --> 0:21:31.840 Kiev as long as is necessary to win the war. 0:21:32.200 --> 0:21:34.879 By here in the US, karen you. President Joe Biden 0:21:34.920 --> 0:21:38.159 announced plans to curb rush and oil imports. This is 0:21:38.200 --> 0:21:41.240 a step that we're taking to inflict further pain on Putin, 0:21:41.920 --> 0:21:43.920 but there will be cost as well here in the 0:21:44.000 --> 0:21:46.280 United States. I said I would level with the American 0:21:46.320 --> 0:21:49.199 people from the beginning, and when I first spoke to this, 0:21:49.320 --> 0:21:52.480 I said, defending freedom is gonna cost. It's gonna cost 0:21:52.600 --> 0:21:55.800 us as well. Democrats in the House unveiled legislation to 0:21:55.840 --> 0:21:58.200 ban imports of Russian oil and vote on that. Measures 0:21:58.240 --> 0:22:01.520 expected today. Checking prices now they're actually moving lower, with 0:22:01.600 --> 0:22:03.600 nine ex crewed down one point nine percent or two 0:22:03.600 --> 0:22:05.560 dollars twenty four cents and a hundred twenty one dollar 0:22:05.680 --> 0:22:08.679 forty six cents of barrel. Brent Is down one a 0:22:08.720 --> 0:22:11.840 hundred twenty six dollars twelve cents. Well, Nathan. The list 0:22:11.840 --> 0:22:15.360 of companies suspending operations are pulling out of Russia keeps growing. 0:22:15.359 --> 0:22:17.639 We get the latest live from Bloomberg's rened a Young 0:22:17.680 --> 0:22:22.000 good morning, Good morning, Karen. Iconic brands like Starbucks, Coca Cola, 0:22:22.160 --> 0:22:25.120 and McDonald's are the latest to pull out of Russia. 0:22:25.440 --> 0:22:28.840 The coffee chain's partner in the country is pausing operations, 0:22:29.040 --> 0:22:32.080 and we'll give support to the nearly two thousand partners 0:22:32.119 --> 0:22:35.680 who depend on the company for their livelihood. PayPal is 0:22:35.680 --> 0:22:39.160