Speaker 1: By from the Bloomberg Interactive Berger Studios. This is Bloomberg
Speaker 1: Daybreak for Wednesday, March nine. Coming up this hour, Russian
Speaker 1: forces intensify their attack on Ukraine's capital city, Kiev. Energy
Speaker 1: markets remain volatile as President Biden bands imports from Moscow.
Speaker 1: Starbucks and Coca Cola are the latest to suspend business
Speaker 1: in Russiette, and a big name investor warns of a
Speaker 1: print on US inflation. Jersey Governor Murphy unveiled his state budget,
Speaker 1: plus Florida's so called Don't Say Game bill is on
Speaker 1: its way to the Governor's nest. I'm Michael blarr More Ahead,
Speaker 1: John stash own Sports, the Nets, One, the Rangers, and
Speaker 1: Devil's Lost, Big trade in the NFL's of optimism for
Speaker 1: the end of the baseball lockout. That's all straight Ahead
Speaker 1: on Bloomberg day Break on Bloomberg Element Trio, New York,
Speaker 1: Bloomberg one, Washington, d C, Bloomberg one, O six one, Boston,
Speaker 1: Bloomberg nine sixties and 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. US future is rebounding this morning.
Speaker 1: We're coming up to five o one on Wall Street,
Speaker 1: and we check the markets every fifteen minutes throughout the
Speaker 1: trading day. On Bloomberg. Right now, SNP futures are up
Speaker 1: sixty nine points down. Futures have four hundred seventy three.
Speaker 1: NASDAG futures have two hundred sixty three. That's up two percent.
Speaker 1: The decks in Germany's at four point seven percent ten.
Speaker 1: Your treasury down fourteen thirty seconds, you had one point
Speaker 1: nine percent. They yield on the two year one point
Speaker 1: six five percent. Nine X screwed oil is down two
Speaker 1: and a half percent, down three dollars six cents at
Speaker 1: a hundred twenty dollars sixty three cents of barrel and
Speaker 1: COMEXS gold is down one percent at two thousand twenty
Speaker 1: three dollars, announced Nathan. All right, Karen, we'll have more
Speaker 1: on the markets in a minute. First, the latest on
Speaker 1: the war in Ukraine. Russian forces have intensified their strikes
Speaker 1: on Kiev. We get the very latest from Bloomberg's back stair.
Speaker 1: The bulk of Russian forces are about thirty miles away
Speaker 1: from the city. Now. This coincides with what U S
Speaker 1: Intelligence Director Avril Haines is telling the House Intelligence Committee
Speaker 1: that Vladimir Putin thought the war would end in two
Speaker 1: days and that he will now be more brutal. Our
Speaker 1: analysts assessed that Putin is unlikely to be deterred by
Speaker 1: such setbacks and instead may escalate, essentially doubling down to
Speaker 1: achieve Ukrainian disarmament and neutrality. Haynes says if the resistance continues,
Speaker 1: it may have to change with some kind of face
Speaker 1: saving action, but that that resistance will have to remain
Speaker 1: very strong. In San Francisco, I'm at Baxter Bloomberg daybreak,
Speaker 1: all right, and thank you. In Ukraine, pleasure, President Vladimir
Speaker 1: z Lenski is calling for more support from allies. He
Speaker 1: addressed the UK House of Commons yesterday. Police increase the
Speaker 1: pressure of sanctions against this country, and police recognize this
Speaker 1: contract as a terrorist state, and police make sure that
Speaker 1: our Ukrainian sky is a safe Zelenski's addressed was the
Speaker 1: first ever speech to the UK Chamber by a foreign leader.
Speaker 1: Back here in the US, care and lawmakers on Capitol
Speaker 1: Hill have crafted legislation to banned US imports of Russian oil.
Speaker 1: The move came just hours after President Biden called for
Speaker 1: a band Amy Morris has details from our Bloomberg newsroom
Speaker 1: in Washington. The House legislation is a response by lawmakers
Speaker 1: to public anger over Russia's invasion of Ukraine. It's also
Speaker 1: forced President Biden's hand despite the administration's concerns about the
Speaker 1: effect on energy prices. Biden had a warning for companies
Speaker 1: trying to profit off the crisis. No excuse to exercise
Speaker 1: excessive press increases or patting profits, or any kind of
Speaker 1: effort to exploit the situation. The House bill bars the
Speaker 1: importation of Russian crude oil, liquefied natural gas, coal, and
Speaker 1: refined products like gasoline and kerosene. It also reviews Russia's
Speaker 1: access to the World Trade Organization. It is scheduled for
Speaker 1: a floor vote later today and will take effect forty
Speaker 1: five days after it's enacted in Washington. I'm Amy Morris,
Speaker 1: Bloomberg Daybreak. All right, Amy, thank you, Turning back to
Speaker 1: the US economy. It's all about inflation this week. We
Speaker 1: get the latest reading on consumer prices tomorrow. Meantime, Billionaire
Speaker 1: bomb manager Jeffrey Gunlock Warrens that inflation could approach ten
Speaker 1: percent this year. He said the FED needs to aggressively
Speaker 1: tighten monetary policy. The CEO of Double Line Capital also
Speaker 1: says that bonds are currently overvalued, while emerging market debt
Speaker 1: is cheap. Minnesota Democratic Senator Tina Smith Karen says it
Speaker 1: is important that us the US not rely on for
Speaker 1: an oil. The power of being energy independent and doing
Speaker 1: that through moving aggressively into clean power and renewable power
Speaker 1: is that you know, the putting has no say on
Speaker 1: whether how much we pay for wind or solar. In fact,
Speaker 1: that power is free. It gives us so much more resilience,
Speaker 1: I think. Minnesota Senator Tina Smith spoke with our Washington
Speaker 1: corresponded Joe Matthew on Bloomberg Sound On Catch the program
Speaker 1: weekdays at five pm Eastern on Bloomberg Radio. Well, Nathan,
Speaker 1: the list of companies is spending up. Rations are pulling
Speaker 1: out of RuSHA keeps growing. We get the latest live
Speaker 1: from Bloomberg's renit A Young, Good morning, Reni Down, Good
Speaker 1: morning Karen. Iconic brands like Starbucks, Coca Cola, and McDonald's
Speaker 1: are the latest to pull out of Russia. The coffee
Speaker 1: chain's partner in the country is pausing operations and will
Speaker 1: give support to the nearly two thousand partners who depend
Speaker 1: on the company for their livelihood. PayPal is also suspending
Speaker 1: business in Russia, and PepsiCo says it'll suspend soft drink
Speaker 1: sales in the country, but will continue to sell daily
Speaker 1: essentials like baby formula and milk. Live in New York,
Speaker 1: I'm rened a young Bloomberg Daybreak Reneda thanks the Russian
Speaker 1: roubles trading for the first time this week and weakening sharply.
Speaker 1: European equities, meantime are staging a comeback. Let's go to
Speaker 1: London get the very latest life with Bloomberg's U and pots.
Speaker 1: Good morning, Good morning, Nathan and Karen. Plenty of green
Speaker 1: on traders Bloomberg screens today. That's as dip buys ways.
Speaker 1: The global ecomic impact of escalating sanctions is already reflected
Speaker 1: in equity prices. Urostoxy gaining this morning, with banks, tech,
Speaker 1: and travel leisure among the best performing sectors. Something not
Speaker 1: gaining today Russia's rouble. It slumps as much as seven
Speaker 1: point eight percent against the dollar as the onshore market
Speaker 1: resumed in Moscow, giving local traders their first chance this
Speaker 1: week to react to recent negative developments. Live in London,
Speaker 1: i'mum pots back, daybreak, right do and thank you. And
Speaker 1: in Asia, overnight inflation was also in focus. China's factory
Speaker 1: prices eased again in February, although the outlook is deterior.
Speaker 1: Rating of Bloombergy Daybreak Asia anchor Brian Curtis has the details.
Speaker 1: The pp I rose eight point eight percent from a
Speaker 1: year earlier. That's down from nine point one percent in January.
Speaker 1: It did beat the estimate of eight point six percent,
Speaker 1: but the spike in commodity since Russia invaded Ukraine may
Speaker 1: flip these numbers. In March. Meantime, consumer inflation was muted.
Speaker 1: The CPI was unchanged at zero point nine percent, the
Speaker 1: same as economists had projected. Bryan Curtis Bloomberg Daybreak, Okay, Brian,
Speaker 1: thanks right now. Some p futures are up seventy six
Speaker 1: points down futures up five twenty six, Nasdaq futures up
Speaker 1: two two points. Send your treasury down sixteen thirty seconds.
Speaker 1: The yield one point nim X screwed is down two
Speaker 1: point one down two dollars fifty six cents a year
Speaker 1: fourteen cents of barrel. Straight ahead, your latest local headlines.
Speaker 1: In the check of sports. This is Bloomberg's South five
Speaker 1: oh seven on Wall Street, word forty degrees in Central Park.
Speaker 1: Still seeing issues on New Jersey transit after this week's wins.
Speaker 1: We'll get the details on that for you shortly. In
Speaker 1: traffic First, Michael Barr with more on what's going on
Speaker 1: in New York and around the world. Good what do you
Speaker 1: you might call? Good morning, Nathan. New Jersey Democratic Governor
Speaker 1: Phil Murphy has proposed a forty eight point nine billion
Speaker 1: dollar budget. It boosts k through twelve funding, makes a
Speaker 1: full public pension payment for the second straight year, and
Speaker 1: redistributes nearly a billion dollars in property tax relief. Murphy
Speaker 1: unveil the proposal during a speech and the Assembly chamber,
Speaker 1: and I'm proud across our first four years key together
Speaker 1: we cut taxes for our middle class and working families
Speaker 1: and seniors. Fourteen times. New Jersey had better than expected
Speaker 1: sales and income tax collections. Governor Murphy also talked about
Speaker 1: the Russian invasion in Ukraine. Our administration is assessing what
Speaker 1: financial or business exposure we may have to the Russian
Speaker 1: government or Russian owned business interests or securities, including in
Speaker 1: our pension funds. Governor Murphy says the administration will make
Speaker 1: sure state tax payer dollars are not supporting Russian Florida's
Speaker 1: controversial legislation, which affects discussions about sexual orientation and gender
Speaker 1: in public classrooms, is on its way to the Florida
Speaker 1: Governor's desk. LGBTQ advocates dubbed it the Don't Say Gay Bill.
Speaker 1: The Biden administration has denounced the bill as anti LGBTQ. However,
Speaker 1: supporters say the bill would not keep people from talking
Speaker 1: about the issues in classrooms, but change correct a lament
Speaker 1: lessons on it. A Texas man was convicted of storming
Speaker 1: the US capital with a holstered handgun. Jury also convicted
Speaker 1: Guy Refit of interfering with police officers who were guarding
Speaker 1: the capital. On January six, Democrats and Republicans in Congress
Speaker 1: struck a deal on a long delayed one point five
Speaker 1: trillion dollars spending bill that would fund the US government
Speaker 1: through the rest of the fiscal year. It also provides
Speaker 1: thirteen point six billion dollars to respond to Russia's invasion
Speaker 1: of Ukraine. A bipartisan build a reform the US Postal
Speaker 1: Service and give it a much needed financial boost. Easily
Speaker 1: passed the Senate. The House passed it earlier, and the
Speaker 1: bill is now headed to President Biden's desk. Senate Majority
Speaker 1: Leader Chuck Schumer of New York. We passed strong bipartisan legislation.
Speaker 1: It's a win win, win for bipartisanship, for our postal workers,
Speaker 1: and a win for tens of millions of Americans who
Speaker 1: rely on the post Office every day. Schumer. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: quick Take, powered by more than twenty seven hundred journalist
Speaker 1: and analysts, more than a for twenty countries. Michael Barron,
Speaker 1: this is Bloomberg, Nathan. Thanks Michael. Come it's a five
Speaker 1: town Wall Street time for the Bloomberg Sports Uptake in morning. Johnston,
Speaker 1: Good morning, Nathan. This comes under the heading of We've
Speaker 1: seen this before, but there is some growing optimism that
Speaker 1: the baseball lockout might be coming to an end. Although
Speaker 1: once before there was a long meeting and it did
Speaker 1: not lead to a new labor deal. The two sides
Speaker 1: just had a seventeen hour bargaining session that lasted until
Speaker 1: just a few hours ago, and they're coming back for
Speaker 1: more today. They not only did not cancel another week's
Speaker 1: worth of regular season games, as they threatened to do,
Speaker 1: but one bargaining chip now used by the owners is
Speaker 1: squeezing in a one hundred and sixty two game season
Speaker 1: playing the games that were canceled the week ago wa
Speaker 1: today in the NFL offseason, First, the Aaron Rodgers resigning
Speaker 1: in Green Bay, ending a year long talk of him
Speaker 1: leaving or retiring. He had about two hundred million reasons
Speaker 1: to stay with the Packers. That's the size of his
Speaker 1: new four year deal with Green Bay. Denver wanted to
Speaker 1: acquire Rodgers in a trade. When that fell through, the
Speaker 1: Broncos traded for Russell Wilson. The Seahawks get three players,
Speaker 1: two first round draft picks, two seconds in return. The
Speaker 1: Broncos have needed a better quarterback ever since Peyton Manning retired.
Speaker 1: The Nets since Charlotte Kyrie Irvan gets to play road games,
Speaker 1: and what a game he did play. In thirty eight minutes,
Speaker 1: Irving scored fifty points. He shot fifteen of nineteen, made
Speaker 1: nine of twelve three pointers, his fifth career fifty point game.
Speaker 1: Thatt's beat the Hornets one thirty two one one. They
Speaker 1: played tomorrow in Philadelphia against their old friend James hard
Speaker 1: Nick's played tonight in Dallas. Rangers lost in Minnesota five
Speaker 1: to two. Devils beat the NHL leading Colorado Avalanche five three. St.
Speaker 1: John's plays to Paul tonight at the biggest tournament at
Speaker 1: the Garden. John Dashwar Bloomberg Sports Nathan Okay, John thanks
Speaker 1: Stocks making a comeback. Right now sp features up seventy
Speaker 1: one point, staff features up five two vansact futures hired
Speaker 1: by two or seventy three points in the ten yere
Speaker 1: down sixteen thirty seconds. The yield one point nine zero percent.
Speaker 1: This is Bloomberg Bloomberg eleven three oh weather. Rain likely
Speaker 1: may be mixed with a little what snow. Upper thirties
Speaker 1: for highs partly Sunday Tomorrow upper forties will be near
Speaker 1: fifty with a mix of sun and clouds and winds.
Speaker 1: Right now forty in Central Park Markets, headlines and breaking
Speaker 1: news twenty four hours a day at Bloomberg dot Com,
Speaker 1: the Bloomberg Business Outland at Bloomberg Quicktape. She's a Bloomberg
Speaker 1: Business lash, but I'm Karen Moscow US dot Index futures
Speaker 1: and European shares are extending gains as dip buyers wager
Speaker 1: the global economic impact of escalating sanctions on Russia is
Speaker 1: already reflected in market prices. We check the markets every
Speaker 1: fifteen minutes throughout the trading day. On bloomberg S and
Speaker 1: P futures are up more than seventy points down, futures
Speaker 1: of four eighty five, Nastack futures up two hundred sixty
Speaker 1: three or two percent. The docks in Germany is up
Speaker 1: five point one percent, the cack in Paris at four
Speaker 1: point nine percent of the foot see one hundred up
Speaker 1: two point two per set ten. Your treasury down sixteen
Speaker 1: thirty seconds. He had one point nine zero percent. They
Speaker 1: yield on the two year one point six five percent.
Speaker 1: Nine x Scrude oil moving lower down one point one percent,
Speaker 1: down a dollar forty two and a hundred twenty two
Speaker 1: dollars thirty cents of barrel comes. Gold is down one
Speaker 1: point two percent on twenty four dollars thirty cents at
Speaker 1: two thousand nineteen dollars announced. The euro one point oh
Speaker 1: nine eight zero against the dollar, the British pound one
Speaker 1: point three one six three the end at one fifteen
Speaker 1: point eight five and Bitcoin this morning moving higher at
Speaker 1: more than nine percent at forty two thousand, one hundred dollars. Today,
Speaker 1: we are looking for the Jolts jobs report at at
Speaker 1: ten o'clock Wall Street Time. That's a Bloomberg business flash.
Speaker 1: Now here's Michael Barr with more on what's going on
Speaker 1: around the world. Michael, good morning, Good morning, Karen. Ukraine's
Speaker 1: deputy prime minister says Russia agreed to open humanitarian corridors
Speaker 1: in parts of the country for twelve hours to allow
Speaker 1: civilians to escape from several cities. It comes as the
Speaker 1: US warn that Russian forces were intensifying their bombardment of Kiev.
Speaker 1: The Pentagon says Poland's offered to give its mid twenty
Speaker 1: nine fighter jets to the US so they can be
Speaker 1: passed to Ukraine raises serious concerns for the NATO alliance
Speaker 1: and the plan is not a tenable one. Pentagon spokesman
Speaker 1: John Kirby said that the prospect of jets departing from
Speaker 1: a U S NATO based in Germany to fly into
Speaker 1: airspace contested with Russia in the Ukraine War is concerning.
Speaker 1: U AND officials say two million people have fled Ukraine
Speaker 1: in the two weeks since Russia's invasion, as the humanitarian
Speaker 1: situation in the country's besieged cities has grown worse. In mirror,
Speaker 1: pole bodies lay uncollected in the streets, and hopes for
Speaker 1: a mass evacuation of civilians were dashed again. Global News
Speaker 1: twenty four hours a day on air and on Bloomberg
Speaker 1: Quick Take, powered by more than twenty seven hundred journalists
Speaker 1: and antilists more than a hundred twenty countries. Michael Barr
Speaker 1: and this is Bloomberg. Thanks Michael. It's five twenty on
Speaker 1: Wall Street Line from the Bloomberg Interactive Brokers studios. This
Speaker 1: is Bloomberg Daybreak and we're joined now from our Paris
Speaker 1: bureau this morning by Bloomberg's Maria today I as we
Speaker 1: continue tracking the latest on the war in Ukraine. Maria,
Speaker 1: good morning, get us up to speed on developments from
Speaker 1: where you said, well, you know, this is day four
Speaker 1: teens of this war which continues uh to drag on,
Speaker 1: and of course it's it's it's it's heartbreaking for the
Speaker 1: people of Ukrainian it's a very difficult situation. But the
Speaker 1: goal now is to de escalate attentions. Today, we had
Speaker 1: a briefing from the Russian Foreign Minister who said and suggested,
Speaker 1: which to me is very interesting to say the least,
Speaker 1: the Russia has no intention of taking over the Ukrainian government.
Speaker 1: The Russia does not want to occupy Ukraine, and then
Speaker 1: also says, we would achieve results in a peaceful way,
Speaker 1: and it would be that if we achieve this result
Speaker 1: in a way that is diplomatic. Now, to me, it
Speaker 1: is telling because it does signal a shift in tone
Speaker 1: from the Russians. Uh they openly now say they don't
Speaker 1: want to get rid of President Zelinski. In many ways,
Speaker 1: what they're stating now is the obvious persident Lansky has
Speaker 1: become an icon for the people of Ukraine and occupation
Speaker 1: would not be feasible. We've seen active resistance from the
Speaker 1: people of Ukraine. But what is interesting is that they
Speaker 1: bring up again this element of let's have a dialogue,
Speaker 1: let's have a negotiation on the table, which is different
Speaker 1: to Vladimir Putin said a week ago in which she
Speaker 1: talked about a government of drug addicts and Nazis, and
Speaker 1: he repeated ten times in the speech, we have to
Speaker 1: de natify Ukraine. Are we hearing a corresponding shift in
Speaker 1: tone from Ukrainian leaders. We had that speech yesterday, the
Speaker 1: historic speech in the House of Comments from Ukrainian President Zelinski. Look,
Speaker 1: the way that they frame it is that, uh. There's
Speaker 1: a number of things here. One is Lensky has made
Speaker 1: it clear until now that he has no intention of
Speaker 1: leaving the country. And as I said before, he really
Speaker 1: has become this uh, this icon in the country for unity,
Speaker 1: for resisting and so on, and he's had a very
Speaker 1: successful media campaign. Ultimately, this is a face that everyone
Speaker 1: in Europe now recognizes. Uh. And we're talking about five
Speaker 1: hundred million people. Of course, when you look at the
Speaker 1: political way out of this, Ukraine has changed its language
Speaker 1: on on NATO yesterday, it does seem that they said,
Speaker 1: you know, we wouldn't want to double down on this.
Speaker 1: A lot of this response to or would respond to
Speaker 1: some disappointment. The Ukraine has pekin NATO decided not to
Speaker 1: close their airspace UH NATO again with weapons delivery. They
Speaker 1: feel like this could have been done faster. So this
Speaker 1: is politically a way out that he could up for. Then,
Speaker 1: when it comes to the membership of the European Union,
Speaker 1: which he has applied for and tomorrow European leaders will debate. Well,
Speaker 1: that is more complicated because Ukraine has it in its
Speaker 1: constitution that it wants to join the European Union and
Speaker 1: ultimately it's aspiration would be to enter the EU. So
Speaker 1: you know, there could be ways out for this diplomatically,
Speaker 1: but the question is what is he willing to accept? Well,
Speaker 1: what are we expecting further from the meetings that are
Speaker 1: going to be happening in Paris this week, you leaders,
Speaker 1: as you mentioned our meeting, what are the expectations coming
Speaker 1: out of that. Well, look, it's it's a two day
Speaker 1: meeting that starts tomorrow. Of course, there's going to be
Speaker 1: a debate on sanctions on Russia. Yesterday, as you know,
Speaker 1: the United States banned oil imports for the Europeans. Well,
Speaker 1: this is something they are not in opposition to do
Speaker 1: just yet. They said they want to cut down reliance
Speaker 1: on Russian gas, but it cannot be done overnight. That
Speaker 1: is a big difference, uh here compared to the United States.
Speaker 1: The transactional value of their relationship is much bigger between
Speaker 1: Russia and the EU, particularly countries like Germany. And there
Speaker 1: will also be a debate about the future of Ukraine
Speaker 1: again going back to this petition from the Ukrainian president
Speaker 1: to be taken seriously as a candidate for the European Union.
Speaker 1: All right, Bloomberg's Maria today or whether this warning from
Speaker 1: Paris where those meetings with the EU leaders will be
Speaker 1: happening in Versailles, France starting tomorrow, two day meeting that
Speaker 1: will be very closely watched as we continue monitoring developments
Speaker 1: in the war in Ukraine. Now in today fourteen, looking
Speaker 1: ahead to the market open this morning, seeing a bit
Speaker 1: of a rally for stocks this morning, and Brent crude
Speaker 1: is starting to fall as well. We have SMP futures
Speaker 1: right now of sixty seven points down, futures of four
Speaker 1: hundred fifty five, NASTAC futures are higher by two hundred
Speaker 1: sixty four points. The rally is a huge for stocks
Speaker 1: in Europe right now. The decks in Germany up four
Speaker 1: point nine percent and the CAC in Paris is higher
Speaker 1: by four and two thirds percent. The ten year treasury
Speaker 1: is down seventeen thirty seconds, the yield one point nine
Speaker 1: zero percent, yield on the two year one point six five.
Speaker 1: As I mentioned, crude is falling now. We have Brent
Speaker 1: crude down one percent at a hundred twenty six dollars
Speaker 1: sixty eight cents of barrel. Nimex crude is at one
Speaker 1: two dollars eight cents. That is a drop of one
Speaker 1: point three percent. You're listening to Bloomberg Daybreak Blomber eleven
Speaker 1: three oh weather rain possibly mixed with some wet snow,
Speaker 1: especially north and west of the city. Upper thirties today,
Speaker 1: will be in the upper forties tomorrow. The high your
Speaker 1: fifty on Friday. It's gonna be windy right now, forty
Speaker 1: in Central Park. Broadcasting live from the Bloomberg Interactive Broker
Speaker 1: Studio in New York. Bloomberg E living free to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg one O six one
Speaker 1: to San Francisco, Bloomberg sixty to the country Sirius XM
Speaker 1: had A one nineteen and around the globe, the Bloomberg
Speaker 1: Business app and Bloomberg Radio dot Com. This is Bloomberg Daybreak.
Speaker 1: It's five thirty on Wall Street. Good morning. I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. We're just about four hours
Speaker 1: away from the open of US trading. Let's get you
Speaker 1: up to date on the news you need to know
Speaker 1: at this shower. Beginning with the war in Ukraine, the
Speaker 1: U says Russian forces are intensifying their strikes in a
Speaker 1: capital city of Kiev. Ukrainian President Voladimir z Lensky says
Speaker 1: his military will continue to defend their land. We will
Speaker 1: not give up, We will not lose. We will fight
Speaker 1: till the end, at sea, in the air. We will
Speaker 1: continue fighting for our land whatever the cost. We will
Speaker 1: fight in the forests, in the field, on the shores,
Speaker 1: in the streets. President Zelenski says he will stay in
Speaker 1: Kiev as long as is necessary to win the war.
Speaker 1: By here in the US, karen you. President Joe Biden
Speaker 1: announced plans to curb rush and oil imports. This is
Speaker 1: a step that we're taking to inflict further pain on Putin,
Speaker 1: but there will be cost as well here in the
Speaker 1: United States. I said I would level with the American
Speaker 1: people from the beginning, and when I first spoke to this,
Speaker 1: I said, defending freedom is gonna cost. It's gonna cost
Speaker 1: us as well. Democrats in the House unveiled legislation to
Speaker 1: ban imports of Russian oil and vote on that. Measures
Speaker 1: expected today. Checking prices now they're actually moving lower, with
Speaker 1: nine ex crewed down one point nine percent or two
Speaker 1: dollars twenty four cents and a hundred twenty one dollar
Speaker 1: forty six cents of barrel. Brent Is down one a
Speaker 1: hundred twenty six dollars twelve cents. Well, Nathan. The list
Speaker 1: of companies suspending operations are pulling out of Russia keeps growing.
Speaker 1: We get the latest live from Bloomberg's rened a Young
Speaker 1: good morning, Good morning, Karen. Iconic brands like Starbucks, Coca Cola,
Speaker 1: and McDonald's are the latest to pull out of Russia.
Speaker 1: The coffee chain's partner in the country is pausing operations,
Speaker 1: and we'll give support to the nearly two thousand partners
Speaker 1: who depend on the company for their livelihood. PayPal is
Speaker 1: also suspending business in Russia, and PepsiCo said it will
Speaker 1: stop soft drink sales in the country, but will continue
Speaker 1: to sell daily essentials like baby formula and milk. Live
Speaker 1: in New York. I'm gonna need a Young Bloomberg daybreak. Okay,
Speaker 1: we need to thanks. The Russian rubles weakening sharply this morning.
Speaker 1: Before the war, it was trading around eighty per dollar.
Speaker 1: Right now, it's weakened more than a hundred thirty five
Speaker 1: per dollar. Well, Nathan, bitcoin is surging. It's jumped above
Speaker 1: prety two thousand thanks to optimism about a US overhaul
Speaker 1: of crypto oversight. Treasury Secretary Jenny Yellen calls an upcoming
Speaker 1: executive order from the White House quote historic. She says
Speaker 1: it strikes the right balance between fostering innovation and addressing
Speaker 1: potential risk tide to cryptocurrencies and checking Bitcoin right now
Speaker 1: is at forty two thousand nine. Make that forty two thousand,
Speaker 1: ninety six dollars a programming note for today and join
Speaker 1: us about three hours from now for a conversation with
Speaker 1: Bill Gross, the former Bond Titan, sits down for an
Speaker 1: interview on Bloomberg surveillance. Coming up at eight thirty am
Speaker 1: Wall Street time. This is Bloomberg Daybreak, and it's now
Speaker 1: five thirty three on Wall Street where at forty degrees
Speaker 1: in Central Park. We'll tell you more about the lingering
Speaker 1: problems for New Jersey Transit a few minutes first, Michael
Speaker 1: Bars here with what else is going on in New
Speaker 1: York and around the world. Michael, thank you very much. Nathan.
Speaker 1: New Jersey Governor Phil Murphy has proposed a forty eight
Speaker 1: point nine billion dollar budget at booze K through twelve.
Speaker 1: Funding redistributes nearly a billion dollars in property tax relief
Speaker 1: and raises overall spending by about five percent over last
Speaker 1: year's plan. Murphy spoke in the Assembly chamber the first
Speaker 1: time since the COVID pandemic, we've been able to provide
Speaker 1: more relief and better opportunities for everybody else. We've been
Speaker 1: able to better support our public schools. We've been able
Speaker 1: to meet our full annual pension obligation. Governor Murphy also
Speaker 1: talked about the war in Ukraine. We will take whatever
Speaker 1: actions are needed to ensure New Jersey taxpayer dollars are
Speaker 1: not supporting Putin's unlawful invasion of Ukraine. Murphy says they
Speaker 1: will take a look to see whether there are any
Speaker 1: Russian owned entities in their pension fund. Florida's Parental Rights
Speaker 1: and Education Bill has passed and the state Senate, and
Speaker 1: the governor says he will sign it. The bill has
Speaker 1: been dubbed but Don't Say Gay Bill by lgbt Q activists,
Speaker 1: which says lessons on quote sexual orientation or gender identity
Speaker 1: may not occur in kindergarten through grade three. The first
Speaker 1: person to go on trial over charges stemming from the
Speaker 1: January sixth riot was found guilty of obstruction of Congress
Speaker 1: and other counts Texas Militia Group member Guy Raffitt, who
Speaker 1: was convicted of all five counts brought against him in
Speaker 1: Washington following a six day trial. Raffit's wife, Nicole, claims
Speaker 1: the trial was just a way to scare others who
Speaker 1: stormed the Capitol Guy, and that to intimidate the other
Speaker 1: members of the one sixers will all fight together. The
Speaker 1: jury deliberated for less than four hours. Democrats and Republicans
Speaker 1: in Congress struck a deal on a long delayed one
Speaker 1: point five trillion dollars spending bill that would fund the
Speaker 1: US government through the rest of the fiscal year and
Speaker 1: provide thirteen point six billion dollars to respond to Russia's
Speaker 1: invasion of Ukraine. Global News twenty four hours a day
Speaker 1: on air and on Bloomberg Quick Tank, powered by more
Speaker 1: than twenty seven hundred journalists and analysts more than a
Speaker 1: hundred twenty countries. Michael Barr, this is Bloomberg. Thanks Michael
Speaker 1: wall Street. Time for the Bloomberg Sports Update with John
Speaker 1: Thanks Nature. Today is a big day in the baseball lockout.
Speaker 1: Either it ends and they'll play VAUL, or another week's
Speaker 1: worth of regular season games will be canceled and the
Speaker 1: owners will have to take off. That's able a concession
Speaker 1: they made yesterday that they'll play the games that they
Speaker 1: canceled a week ago. The two sides began a bargaining
Speaker 1: session at ten yesterday morning. It went until three this morning,
Speaker 1: and they'll be back for more talks today. Aaron Rodgers
Speaker 1: staying in Green Bay, but Russell Wilson on the move.
Speaker 1: Quite a day in the NFL offseason. Rogers said he
Speaker 1: was unhappy in Green Bay, not anymore. New four years,
Speaker 1: two hundred million dollar deal for the m v P
Speaker 1: of the last two seasons. He's not only the NFL's
Speaker 1: highest paid player, he gets to keep his star wide
Speaker 1: Outavante Adams got the franchise. Tad Wilson, unhappy with the
Speaker 1: team's decline in Seattle, traded to Denver. The Seahawks get
Speaker 1: three players in a boat, go to draft picks. Wilson
Speaker 1: QB the seahaw for eleven years, took them to two
Speaker 1: Super Bowls, one Championship. Only two backcourt players in NBA
Speaker 1: history have scored fifty points while making seventy five percent
Speaker 1: of their shots, Michael Jordan's and Kyrie Irving last night
Speaker 1: and Charlotte the team that Jordan Olans Irving went for
Speaker 1: fifty shot fifteen of nineteen. The next week, the Hornets
Speaker 1: one thirty two once one to get back to five.
Speaker 1: Dred Rangers lost in Minnesota five to two. The Devil's
Speaker 1: beat Colorado five free. Northeast Conference Final did not go
Speaker 1: well for Wagner trailed Bryant thirty six to six and
Speaker 1: lost seventy to forty three, and there was a long
Speaker 1: delay late in the game. A nasty fight broke out
Speaker 1: of the stands. Season over for Manhattan lost the Matt
Speaker 1: Turney I Own a Place to Night. Big East Tournament
Speaker 1: starts at the Garden. St. John's will play the Paul
Speaker 1: John Stash Ellen Boomberg Spurt, Thank you John. It's five
Speaker 1: thirty seven on Wall Street time for the Tri State
Speaker 1: Business Report Years Bloomberg's ed Corey. New York City Mayor
Speaker 1: Eric Adams embarked on the campaign this week to highlight
Speaker 1: the city's rolled back COVID nineteen restrictions two years after
Speaker 1: COVID shut down on the city. Adams is trying to
Speaker 1: restore New York's formerly thriving office culture and its standards
Speaker 1: as a beacon for travelers. With companies increasingly setting firm
Speaker 1: office return dates, sales at Prette de Mon stores on
Speaker 1: Wall Street approached the pandemic high last week. Bloomberg's Prett
Speaker 1: Index shows transactions were fifty of pre pandemic levels in
Speaker 1: the cluster that includes the financial District. That's a fractional
Speaker 1: lower than the fifty six percent record set in October.
Speaker 1: Governor Phil Murphy once New Jersey's public pension fund to
Speaker 1: meet its minimum contribution requirement for a second straight year.
Speaker 1: Murphy will include a proposal to make a six point
Speaker 1: eight billion dollar payment in his annual state spending plan. Tuesday.
Speaker 1: That you Bloomberg Try State Business Report. I'm Ed Corey.
Speaker 1: Thanks that it's eight on Wall Street. Bloomberg Radio is
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Speaker 1: to Hong Kong. Let's check in with our global news
Speaker 1: team for some of the top stories heard on our
Speaker 1: three hundred affiliate radio stations around the world. I'm Steve
Speaker 1: Potaskan on ten ten Wins in New York. We're talking
Speaker 1: about a new survey that finds inflation is hitting most
Speaker 1: Americans right the Walling On, Tonie Donahoe on w h
Speaker 1: A S and Louisville. Toyota will review its production plans
Speaker 1: as global disruptions Philop. I'm Genus Ervettian for w BDM
Speaker 1: in Chicago. I'm reporting that McDonald's is closing its restaurants
Speaker 1: in Russia for now, but we'll continue to pay its
Speaker 1: employees there. I'm Caroline Head bloom a dab Dishobgo in London.
Speaker 1: Were the first on the Bank of England as trade
Speaker 1: has priced in more than a hundred basis points of
Speaker 1: great heights by June and niece of Wounds of a
Speaker 1: UK Sessions. I'm Ed Gory on w w J in Detroit.
Speaker 1: I'm reporting Electric Last Mile Solutions plans for layoff about
Speaker 1: a quarter of its total headcount. And those are some
Speaker 1: of the stories our twenty seven hundred Bloomberg journalists and
Speaker 1: analysts are working on this morning around the world. It's
Speaker 1: five thirty nine on Wall Street. The following is an
Speaker 1: editorial from Bloomberg Opinion. President Biden's announcement that the US
Speaker 1: will ban imports of Russian fossil fuels significantly escalates the
Speaker 1: response to Vladimir Putin's unprovoked war on Ukraine. Acting by itself,
Speaker 1: though the US can only do so much. That's because,
Speaker 1: unlike many of its European allies, the US doesn't buy
Speaker 1: much energy from Russia. The UK has promised to follow
Speaker 1: America's lead and banning imports of Russia's oil, but it
Speaker 1: will continue to buy its gas and coal. Meanwhile, Europe's
Speaker 1: other governments are looking at ways to cut their own
Speaker 1: imports wherever possible. These plans should be accelerated. For many
Speaker 1: US allies, banning Russian fossil fuel imports would be impossibly disruptive,
Speaker 1: but planning to reduce and then eliminate their dependence on
Speaker 1: Russian energy is entirely feasible. A credible commitment to do
Speaker 1: so was set putting back as little else would. This
Speaker 1: editorial was written by the Bloomberg Opinion Editorial Board. I'm
Speaker 1: David Shipley. For more Bloomberg Opinion, please go to Bloomberg
Speaker 1: dot com, slash opinion or opia and go on the
Speaker 1: Bloomberg terminal. This has been bloom Burg Opinion. Listen for
Speaker 1: Bloomberg opinion editorials every weekday. At this time, terminal customers
Speaker 1: can read more at op a end go sp futures
Speaker 1: up seventy three points down, futures up five hundred three,
Speaker 1: Nasdaq futures up two d seventy eight. Crude oil falling
Speaker 1: after days of rising prices. We'll look at the market
Speaker 1: next with John Kilduff of Again Capital. This is Bloomberg
Speaker 1: Bloomberg eleven three oh weather rain likely mixed of a
Speaker 1: little wet snow north and west of town. Will get
Speaker 1: up to the upper thirties today, partly sunny, upper forties tomorrow,
Speaker 1: windy for Friday, with a high near fifty right now
Speaker 1: forty in central Park markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, for Bloomberg
Speaker 1: Business at and at Bloomberg Quicktap. This is a Bloomberg
Speaker 1: Business lash and I'm Cameron Moscow. You watch dot Index.
Speaker 1: Futures and European shares are extending gains as dip buyer's waiter.
Speaker 1: The globally and on a impact of escalating sanctions on
Speaker 1: Russia is already reflected in market prices. We checked the
Speaker 1: markets every fifteen minutes throughout the trading day. On Bloomberg
Speaker 1: SMP future is up seventy four point staff futures have
Speaker 1: five hundred fifteen nastac features have two hundred eighty seven,
Speaker 1: up more than two point two percent. The decks in
Speaker 1: Germany is up five and a third per cent. The
Speaker 1: ten year treasury down seventeen thirty seconds yield one point
Speaker 1: nine zero percent, The yield on the two year one
Speaker 1: point six five percent. Nine meg Scrude oil is down
Speaker 1: two point three percent on two dollars ninety cents and
Speaker 1: a hundred twenty dollars seventy nine cents of barrel. Comex's
Speaker 1: gold is down one point two percent on twenty three
Speaker 1: dollars fifty cents at two thousand, nineteen dollars announced, the
Speaker 1: Euro one point zero nine eight three against the dollar,
Speaker 1: British pound one point three one seven three, the yen
Speaker 1: at one fifteen point eight seven, and Bitcoin this morning
Speaker 1: higher by more than nine percent at forty two thousand,
Speaker 1: one hundred ten dollars. That's a Bloomberg business flash. Now
Speaker 1: here's Michael Barr with more on what's going on around
Speaker 1: the world. Buckle Aaron, thank you very much. Vice President
Speaker 1: Harris is heading to Poland this morning. The trip comes
Speaker 1: amit a disagreement between Poland and the US. Were Ukraine
Speaker 1: getting Poland's fighter chants. Meanwhile, there's a new effort to
Speaker 1: evacuate civilians out of Ukraine. Negotiators for locked out players
Speaker 1: and Major League Baseball bargain until the early morning hours
Speaker 1: to preserve a one hundred sixty two games season. They'll
Speaker 1: resumed later today. In the NBA, the Nets and Warriors one.
Speaker 1: In the NHL, the Devils and Capitals won, the Rangers lost.
Speaker 1: Some NFL news, the Broncos have agreed to a trade
Speaker 1: for quarterback Russell Wilson from the Seahawks. QB Aaron Rodgers
Speaker 1: will stay with the Packers and a four year deal
Speaker 1: reported to be worth two hundred million dollars. Lording Global
Speaker 1: News twenty four hours a day on air and on
Speaker 1: Bloomberg Quick Tank, powered by more than twenty seven hundred
Speaker 1: journalist and analysts in more than a hundred twenty countries.
Speaker 1: I'm Michael Barr, this is Bloomberg. Nathan. That's quite the deal.
Speaker 1: Thank you, Michael. It's fine. Forty nine on Wall Street
Speaker 1: Live from the Bloomberg interacted Brokers Studios. This is Bloomberg
Speaker 1: Daybreaker as we continue to watch the wild swings in
Speaker 1: the oil market following the US announcement that it will
Speaker 1: ban Russian crude and gas imports. Let's get more and
Speaker 1: where the market could be headed from here. John Kilduff
Speaker 1: joins us founding partner of Again Capital. John, Good morning.
Speaker 1: We've been seeing a surge, of course in oil prices
Speaker 1: over the last several days now a pretty significant decline.
Speaker 1: Have we found a resistance level for crude? Do you
Speaker 1: think it appears we have right around the one and
Speaker 1: thirty dollar a barrel level. We hit that on Sunday night,
Speaker 1: and we hit it again pretty much yesterday, and we
Speaker 1: keep backing off it. So I think folks can try
Speaker 1: and keep their fingers crossed that that will hold. Although
Speaker 1: I'll tell you just on a pure technical basis, looking
Speaker 1: at the charcoing all the way back to two thousand
Speaker 1: and eight, Uh, there's no real resistance until one that
Speaker 1: one forty seven all time high print for a w
Speaker 1: T I. So that's kind of where we have to
Speaker 1: go and touch before we can be more have more
Speaker 1: confidence that that we could back off. But um, look,
Speaker 1: I mean the market has been pretty proportional in its
Speaker 1: response to the various developments here, including the foreclosure of
Speaker 1: crude oil into the United States from Russia uh, and
Speaker 1: and other factors of course. So at this point, um,
Speaker 1: you know, it's sort of uh, wait and see. But
Speaker 1: as you're seeing even just overnight here, it's highly volatile.
Speaker 1: I think just as I've been waiting for you, I've
Speaker 1: seen the price swing about two bucks for Brent. We're
Speaker 1: over now. It's got handle. So you can't take your
Speaker 1: eyes off this screen for right now. Yeah, it sounds
Speaker 1: like you're gonna need some dramamine to be in this
Speaker 1: market for a little bit here. What I mean, what
Speaker 1: do you think the catalyst could be if we do
Speaker 1: see uh two thousand and eight level a hundred forty
Speaker 1: seven like you're talking about. Well, Russia is continuing to
Speaker 1: to make all kinds of problems for all the comme
Speaker 1: out of the markets. That if President Putin does follow
Speaker 1: through on his his threat now to ban all commodity exports,
Speaker 1: including oil, which would cut off Europe and potentially China, Uh,
Speaker 1: then then then weren't in the next phase of this
Speaker 1: thing that weren't in the next phase of pricing because
Speaker 1: this is supply that cannot be made up. And uh,
Speaker 1: then China in particular and you're for that matter, would
Speaker 1: be scrambling for for the available world supplies, which would
Speaker 1: then have to price in an effective rationing, which would
Speaker 1: get really ugly price wise for consumers around the world.
Speaker 1: So that would be the next phase here. But I'll
Speaker 1: tell you that the chance too, though, is that we
Speaker 1: this price really craters if there's any kind of progress
Speaker 1: about brokering some kind of lasting piece and potentially a deal. Um.
Speaker 1: And you saw sort of the contours of that over
Speaker 1: the past number of days here, and to the extent
Speaker 1: we get anything like that, uh, you know, there's about
Speaker 1: thirty dollars of air in this price at this point
Speaker 1: on on the fears on the supply fears from the
Speaker 1: war starting to hear a little bit more talk now.
Speaker 1: I think we're comparing this situation to the nineteen seventy
Speaker 1: three oil embargo. Is that the kind of precedent you're
Speaker 1: looking at for where the market could be headed from here?
Speaker 1: It's just in the pure price and supply shock. Yes. Um.
Speaker 1: I will say though that in terms of the U.
Speaker 1: S economy even and I'm the first one to say
Speaker 1: that oil has been a handmade into every one of
Speaker 1: the past several recessions here in the United States. There
Speaker 1: were certainly other factors. Recruda was part of it. But
Speaker 1: as far as comparing the nineteen seventy situation to today,
Speaker 1: the US, of course much less energy uh dependent and
Speaker 1: also the amount of energy used in our economy appreciably
Speaker 1: less than it was back then. But yes, this would
Speaker 1: this would, this would rival in terms of a supply
Speaker 1: shock that time period if Russia was to go ahead
Speaker 1: and embargo it's oil to the rest of the world.
Speaker 1: All right, John killed Uff, great to get your insights
Speaker 1: this morning. John killed Off is founding partner of Again Capital,
Speaker 1: and just looking at prices right now, we have seen
Speaker 1: pretty significant swings just in the current ash and right
Speaker 1: now Nimex crude is down two percent, down two dollars
Speaker 1: forty six cents right now at a hundred one dollar
Speaker 1: forty two cents of barrel. Brent is down one point
Speaker 1: four percent or a dollar eighty nine at a hundred
Speaker 1: twenty six dollars six cents per barrel. Karen Nathan, it's
Speaker 1: five or day three on wall straight time for the
Speaker 1: Bloomberg Laapour. Let's get to the legal stories we're watching
Speaker 1: this morning. From Bloomberg Jeff Bellinger, OSHA is launching a
Speaker 1: three month inspection push that will target healthcare employers where
Speaker 1: COVID nineteen hazards were previously identified. A suit filed in
Speaker 1: San Francisco accuses Airbnb availing to warn guests about hidden
Speaker 1: cameras and homes rented on its platform and taking no
Speaker 1: steps to prevent guests from being recorded. Voters in Napa Valley, California,
Speaker 1: will consider a quarters sent sales tax increase as part
Speaker 1: of an initiative to improve fire services. The levy was
Speaker 1: unanimously approved by the board of supervisors. Bloomberg Law Everything
Speaker 1: you need all on on legal research platform, including guidance
Speaker 1: analysis and Bloomberg Market Intelligence. Find out more at Bloomberg
Speaker 1: Law dot com. All right, Jeff, thank you. Now. Another
Speaker 1: legal story we're watching this week. The Supreme Court limited
Speaker 1: the reach of a three strikes law that enhances the
Speaker 1: sentences of career criminals in federal gun cases. The Armed
Speaker 1: Career Criminal Act imposes a mandatory fifteen year prison sentence
Speaker 1: for anyone possession of a gun who has three prior
Speaker 1: convictions for violent felonies, and which prior offenses count toward
Speaker 1: these three strikes can make a huge difference in sentencing.
Speaker 1: For more in the issue, Jim Grassos spaced to Bloomberg
Speaker 1: Law reporter Jordan Reuben Jordan, this was yet another case
Speaker 1: before the Court on the Armed Career Criminal Act. What
Speaker 1: was the issue here? So the issue in his case
Speaker 1: was whether his prior offenses counted towards this three strikes law,
Speaker 1: the Armed Career Criminal Act, And that's the issue at
Speaker 1: the Supreme Court, and it's a law that is being
Speaker 1: deigated all the time at the Supreme Court. Really drives
Speaker 1: the justices nuts because of how difficult it is to
Speaker 1: figure out really whether these prior convictions can count, and
Speaker 1: there's just so many issues that arise in trying to
Speaker 1: figure that out. And that was what was happening in
Speaker 1: Wooden's case. Tell us about the burglary, wouldn't have pleaded
Speaker 1: to it was sort of an escalating crime, but in
Speaker 1: one place exactly, And so it's all about how you
Speaker 1: describe it, right, It's the issue here. It was this
Speaker 1: specific component of the Act which includes crimes that are
Speaker 1: quote committed on occasions different from another end quote. And
Speaker 1: so the question is what counts as an occasion? Sounds
Speaker 1: simple enough, right, Well, the court had a pretty difficult
Speaker 1: time with it because they were looking back at Wooden's
Speaker 1: prior convictions, namely back to this one night in Georgia
Speaker 1: where he pleaded guilty to ten counts of burglary for
Speaker 1: entering ten units of a Georgia minis storage facility on
Speaker 1: the same night. The question was whether that counts as
Speaker 1: ten separate offenses under this career criminal law or just one.
Speaker 1: And so that all came down to the question of
Speaker 1: whether it was one occasion or whether it was ten
Speaker 1: different occasions. And the Court, in an opinion by Justice Kagan,
Speaker 1: said that counted as just one occasion based on plain
Speaker 1: English meaning of the word occasion. I love her opinions,
Speaker 1: and in this one she gave an example that involved
Speaker 1: a wedding ceremony and a barroom brawl. There was a
Speaker 1: lot of colorful aspects to just Cagan's opinion. She's a
Speaker 1: great writer. He talked about, for example, how if you
Speaker 1: know someone had busted out on a condo line or
Speaker 1: something like that while you were giving your wedding vows,
Speaker 1: that would all happen during the wedding occasion. But obviously
Speaker 1: that's not the way that normal people will refer to
Speaker 1: the term. And so that was kind of the thrust
Speaker 1: of Kegan's opinion, all about trying to describe it in
Speaker 1: a way that normal people talk about things. And as
Speaker 1: Bloomberg Law reporter Jordan Rubens speaking with the June Grosso.
Speaker 1: Catch more of that interview plus analysis of the latest
Speaker 1: legal news by listening to the Bloomberg Law Show at
Speaker 1: ten pm Eastern Time or subscribing to the Bloomberg Law Podcast,
Speaker 1: and attorneys can find exceptional legal research and business development
Speaker 1: tools at Bloomberg Law dot com. Again, futures are on
Speaker 1: the rise, with SNP futures up sixty five points down
Speaker 1: futures have four hundred fifty Nasdaq futures have two hundred
Speaker 1: fifty three ten year Treasury down sixteen thirty seconds, the
Speaker 1: yield one point nine zero percent. They yield on the
Speaker 1: two year one point six five percent, and im X
Speaker 1: screwed oiled down more than a two percent and still ahead.
Speaker 1: On Bloomberg Day Break and check on the business headlines
Speaker 1: and all the news you need to start your day.
Speaker 1: This is Bloomberg